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Remitly Global, Inc.

Remitly Global, Inc.

NASDAQ•RELY
CEO: Mr. Matthew B. Oppenheimer
Sector: Technology
Industry: Software - Infrastructure
Listing Date: 2021-09-23
Remitly Global, Inc. provides digital financial services for immigrants, their families, and other citizens in the United States, Canada, and internationally. It primarily offers cross-border remittance services through mobile application and website. The company was founded in 2011 and is headquartered in Seattle, Washington.
Contact Information
111 Third Avenue, Suite 2100, Seattle, WA, 98101, United States
888-736-4859
www.remitly.com/us/en
Market Cap
$3.18B
P/E (TTM)
221.4
66.3
Dividend Yield
--
52W High
$27.32
52W Low
$12.08
52W Range
21%
Rank52Top 60.9%
3.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$419.49M+24.65%
4-Quarter Trend

EPS

$0.04+308.16%
4-Quarter Trend

FCF

$1.53M-98.93%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Revenue Growth Revenue reached $1.19B USD, increasing 31% for the nine months ended September 30, 2025 versus prior year.
Profitability Swing Achieved Net income was $26.7M USD for nine months, a significant swing from the $31.3M loss reported in 2024.
Active Customer Base Rises Active customers totaled 8.86M for the third quarter, reflecting 21% growth driven by mobile app investment.
Send Volume Substantial Increase Send volume grew 38% to $54.2B USD for the nine months, supported by increased active customer engagement.

Risk Factors

Transaction Expense Growth Transaction expenses increased 31% (9M), closely tracking revenue growth, driven by higher processing costs and loss provisions.
Macroeconomic and Geopolitical Risks Uncertainty from inflation, regulatory changes, and foreign currency fluctuations may negatively impact consolidated results.
New Tax Legislation Impact The OBBBA remittance tax is being evaluated; company does not currently expect a material impact on financial statements.
Working Capital Strain Risk Share repurchases totaling $11.9M in Q3 2025 reduce working capital, potentially impacting future business execution.

Outlook

Technology Investment Focus Expect continued high investment in technology for product innovation, risk infrastructure, and geographic expansion.
Strong Liquidity Position Cash and available credit facilities are deemed sufficient to meet working capital requirements for at least twelve months.
Customer Acquisition Strategy Maintain disciplined customer acquisition targets, leveraging mobile app performance and efficient marketing spend for growth.
Credit Facility Available Unused borrowing capacity of $484.6M remains available under the 2025 Revolving Credit Facility for peak volume support.

Peer Comparison

Revenue (TTM)

Euronet Worldwide, Inc.EEFT
$4.18B
+7.2%
PagSeguro Digital Ltd.PAGS
$3.42B
+10.9%
Remitly Global, Inc.RELY
$1.54B
+31.3%

Gross Margin (Latest Quarter)

Freshworks Inc.FRSH
84.8%
+1.0pp
Euronet Worldwide, Inc.EEFT
83.6%
+56.7pp
Tenable Holdings, Inc.TENB
77.5%
-0.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FRSH$3.99B-72.1-5.1%1.8%
AGYS$3.52B143.68.8%4.9%
EEFT$3.26B11.423.6%39.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.0%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 18, 2026
|
EPS:$0.01
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $419.49M+24.7%
    |
    EPS: $0.04+308.2%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $411.85M+34.4%
    |
    EPS: $0.03-151.0%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $361.62M+34.4%
    |
    EPS: $0.06-154.5%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 19, 2025|
    Revenue: $1.26B+33.9%
    |
    EPS: $-0.19+70.8%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $336.53M+39.3%
    |
    EPS: $0.01-104.9%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $306.42M+30.9%
    |
    EPS: $-0.06-43.2%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $269.12M+32.0%
    |
    EPS: $-0.11-31.3%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 23, 2024|
    Revenue: $944.29M+44.5%
    |
    EPS: $-0.65+4.4%
    Miss