A Business at a Glance
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Remitly Global, Inc.
RELY
$4.9B
Mkt Cap
$22.53
-1.49%
Remitly Global, Inc. (RELY) has a current P/E ratio of 72.7, compared to its historical median P/E of 45.9. The stock is currently considered Expensive based on its historical valuation range.
Remitly Global, Inc. (RELY) has a 5-year average return on invested capital (ROIC) of -12.2%. This is below average and may indicate limited pricing power.
Remitly Global, Inc. (RELY) has a market capitalization of $4.7B. It is classified as a mid-cap stock.
Remitly Global, Inc. (RELY) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.50%.
Based on historical P/E analysis, Remitly Global, Inc. (RELY) appears expensive. The current P/E of 72.7 is 58% above its historical median of 45.9.
Remitly Global, Inc. (RELY) operates in the Services-Business Services, Nec industry, within the Industrials sector.
Remitly Global, Inc. (RELY) reported annual revenue of $1.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
Remitly, founded in 2011, is a trusted provider of financial services that transcend borders. With a footprint spanning more than 175 countries, we have built one of the world’s leading global money movement platforms, trusted by millions of customers who rely on us every day. The long-term, trusted relationships we foster with our customers have enabled us to scale to more than 5,300 corridors and more than 9.3 million quarterly active users worldwide. Leveraging our strengths in global money movement, we continue to evolve beyond a remittance company into a diversified, cross-border financial services provider, serving both consumers and businesses across a growing set of use cases. To further our vision, we have expanded by serving new customer categories, including high-amount senders, businesses, and receivers, and by introducing new products. These offerings build on our foundation and extend our ability to support the financial lives of our customers.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.7B | 1.6B | 1.3B | 944M | 654M | 459M |
| Net Income | 106M | 68M | -37M | -118M | -114M | -39M |
| EPS | $0.50 | $0.31 | $-0.19 | $-0.65 | $-0.68 | $-0.24 |
| Free Cash Flow | 253M | 296M | 106M | 64M | -112M | -20M |
| ROIC | 44.2% | 18.0% | -5.6% | -20.7% | -23.7% | -28.8% |
| Gross Margin | - | 39.7% | 35.4% | 31.8% | 24.0% | 22.2% |
| Debt/Equity | 0.00 | 0.22 | 0.02 | 0.27 | 0.02 | -0.15 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 119M | 77M | -39M | -114M | -121M | -40M |
| Operating Margin | 6.9% | 4.7% | -3.1% | -12.1% | -18.5% | -8.7% |
| ROE | 11.6% | 8.9% | -6.2% | -23.3% | -23.7% | -28.8% |
| Shares Outstanding | 210M | 219M | 195M | 181M | 168M | 164M |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 127M | 257M | 459M | 654M | 944M | 1.3B | 1.6B | 1.7B |
| Gross Margin | 9.0% | 18.9% | 22.2% | 24.0% | 31.8% | 35.4% | 39.7% | N/A |
| R&D | 32M | 41M | 64M | 139M | 220M | 270M | 314M | 320M |
| SG&A | 26M | 32M | 71M | 131M | 179M | 196M | 225M | 227M |
| EBIT | -51M | -29M | -40M | -121M | -114M | -39M | 77M | 119M |
| Op. Margin | -40.0% | -11.4% | -8.7% | -18.5% | -12.1% | -3.1% | 4.7% | 6.9% |
| Net Income | -64M | -33M | -39M | -114M | -118M | -37M | 68M | 106M |
| Net Margin | -50.2% | -12.7% | -8.5% | -17.4% | -12.5% | -2.9% | 4.2% | 6.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 1.4M | 792K | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | N/A | -8.0% | -28.8% | -23.7% | -20.7% | -5.6% | 18.0% | 44.2% |
| ROE | 41.3% | 16.4% | -28.8% | -23.7% | -23.3% | -6.2% | 8.9% | 11.6% |
| ROA | N/A | -17.8% | -7.8% | -17.3% | -13.6% | -3.6% | 5.5% | 7.6% |
| Cash Flow | ||||||||
| Op. Cash Flow | 8.4M | -114M | -18M | -109M | 67M | 112M | 325M | 274M |
| Free Cash Flow | 3.4M | -116M | -20M | -112M | 64M | 106M | 296M | 253M |
| Owner Earnings | 2.1M | -124M | -41M | -211M | -83M | -59M | 145M | 101M |
| CapEx | 5.0M | 2.1M | 2.0M | 3.7M | 2.9M | 6.0M | 29M | 21M |
| Maint. CapEx | 2.7M | 4.1M | 5.3M | 6.7M | 13M | 18M | 25M | 26M |
| Growth CapEx | 2.4M | 0 | 0 | 0 | 0 | 0 | 4.4M | 0 |
| D&A | 2.7M | 4.1M | 5.3M | 6.7M | 13M | 18M | 25M | 26M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 5.4% | 9.1% | 7.8% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 7.0M | 0 | 0 | 0 | 0 | 0 | 24M | 24M |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | 0.8% | 0.5% |
| Stock-Based Comp | 3.6M | 5.3M | 17M | 95M | 137M | 152M | 155M | 147M |
| Debt Repayment | 2.8M | 0 | 0 | 384K | 17M | 0 | 3.1M | 3.1M |
| Balance Sheet | ||||||||
| Net Debt | -171M | -145M | -477M | -291M | -181M | -352M | -350M | -646M |
| Cash & Equiv. | 182M | 187M | 403M | 301M | 324M | 368M | 542M | 649M |
| Long-Term Debt | 2.8M | 0 | 0 | 0 | 130M | 0 | 155M | N/A |
| Debt/Equity | -0.06 | -0.20 | -0.15 | 0.02 | 0.27 | 0.02 | 0.22 | 0.00 |
| Interest Coverage | -31.5 | -24.5 | -31.6 | -93.0 | -48.6 | -12.1 | 10.2 | 13.6 |
| Equity | -187M | -211M | 480M | 480M | 529M | 665M | 869M | 907M |
| Total Assets | N/A | 363M | 626M | 696M | 1.0B | 1.0B | 1.5B | 1.4B |
| Total Liabilities | N/A | 187M | 145M | 216M | 507M | 347M | 590M | 478M |
| Intangibles | N/A | N/A | N/A | 0 | 17M | 10M | 2.1M | 1.6M |
| Retained Earnings | N/A | -221M | -259M | -373M | -491M | -528M | -460M | -411M |
| Working Capital | N/A | 164M | 466M | 460M | 565M | 569M | 917M | 808M |
| Current Assets | N/A | 345M | 608M | 669M | 932M | 898M | 1.3B | 1.2B |
| Current Liabilities | N/A | 182M | 142M | 209M | 367M | 329M | 399M | 439M |
| Per Share Data | ||||||||
| EPS | -2.98 | -1.52 | -0.24 | -0.68 | -0.65 | -0.19 | 0.31 | 0.50 |
| Owner EPS | 0.10 | -5.77 | -0.25 | -1.26 | -0.46 | -0.30 | 0.66 | 0.48 |
| Book Value | -8.76 | -9.86 | 2.92 | 2.86 | 2.92 | 3.42 | 3.96 | 4.31 |
| Cash Flow/Share | 0.40 | -5.33 | -0.11 | -0.65 | 0.37 | 0.57 | 1.48 | 0.63 |
| Dividends/Share | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 21.3M | 21.4M | 164.2M | 167.7M | 181.3M | 194.6M | 219.1M | 210.3M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | 45.9 | 44.8 |
| P/FCF | N/A | N/A | N/A | N/A | 55.2 | 42.0 | 10.5 | 18.8 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 28.3 | 34.4 |
| Price/Book | N/A | N/A | 7.5 | 3.5 | 6.7 | 6.7 | 3.6 | 5.2 |
| Price/Sales | N/A | N/A | 11.4 | 2.8 | 3.7 | 2.6 | 2.6 | 2.7 |
| FCF Yield | N/A | N/A | -0.6% | -6.7% | 1.8% | 2.4% | 9.5% | 5.3% |
| Market Cap | 0 | N/A | 3.6B | 1.7B | 3.5B | 4.4B | 3.1B | 4.7B |
| Avg. Price | 0.00 | N/A | 30.10 | 10.80 | 19.11 | 16.56 | 19.07 | 22.53 |
| Year-End Price | 0.00 | N/A | 20.55 | 10.00 | 19.46 | 22.80 | 14.23 | 22.53 |
Remitly Global, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Remitly Global, Inc. trades at 72.7x trailing earnings, compared to its 15-year median P/E of 45.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 16.1x vs a median of 42.0x. The company's 5-year average gross margin is 30.6%. Total shareholder yield (buybacks) is 0.5%. At current prices, the estimated annualized return to fair value is +182.4%.
Remitly Global, Inc. (RELY) has a net profit margin of 4.2%. This is a modest margin.
Remitly Global, Inc. (RELY) generated $296 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Remitly Global, Inc. (RELY) has a debt-to-equity ratio of 0.22. This indicates a conservatively financed balance sheet.
Remitly Global, Inc. (RELY) reported earnings per share (EPS) of $0.31 in its most recent fiscal year.
Remitly Global, Inc. (RELY) has a return on equity (ROE) of 8.9%. This indicates moderate shareholder returns.
Remitly Global, Inc. (RELY) has a 5-year average gross margin of 30.6%. This indicates decent pricing power.
The Ledger Terminal provides 7 years of financial data for Remitly Global, Inc. (RELY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Remitly Global, Inc. (RELY) has a book value per share of $3.96, based on its most recent annual SEC filing.
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