RELY - Remitly Global, Inc. Stock Price, Fair Value and News

18.62USD+0.03 (+0.16%)Market Closed

Market Summary

USD18.62+0.03

Market Closed

0.16%

RELY Alerts

3 major insider sales recently.

RELY Stock Price

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RELY RSI Chart

RELY Valuation

Market Cap

3.5B

Price/Earnings (Trailing)

-29.79

Price/Sales (Trailing)

3.72

EV/EBITDA

-34.38

Price/Free Cashflow

-62.18

RELY Price/Sales (Trailing)

RELY Profitability

EBT Margin

-11.85%

Return on Equity

-22.26%

Return on Assets

-11.37%

Free Cashflow Yield

-1.61%

RELY Fundamentals

RELY Revenue

Revenue (TTM)

944.3M

Rev. Growth (Yr)

38.59%

Rev. Growth (Qtr)

9.57%

RELY Earnings

Earnings (TTM)

-117.8M

Earnings Growth (Yr)

-80.57%

Earnings Growth (Qtr)

1.78%

Breaking Down RELY Revenue

Last 7 days

-4.6%

Last 30 days

-7.5%

Last 90 days

15.1%

Trailing 12 Months

4.3%

How does RELY drawdown profile look like?

RELY Financial Health

Current Ratio

2.54

Debt/Equity

0.25

Debt/Cashflow

-0.41

RELY Investor Care

Shares Dilution (1Y)

8.49%

Diluted EPS (TTM)

-0.66

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	721.4M	798.2M	870.6M	944.3M
2022	503.6M	549.8M	597.8M	653.6M
2021	307.4M	357.8M	408.2M	458.6M
2020	0	0	191.8M	257.0M
2019	0	0	0	126.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Remitly Global, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 15, 2024	yoakum rene	sold	-280,120	18.6747	-15,000	evp, customer and culture
Apr 15, 2024	yoakum rene	acquired	25,500	1.7	15,000	evp, customer and culture
Apr 10, 2024	hug joshua	sold	-406,042	20.3021	-20,000	chief operating officer
Apr 09, 2024	hug joshua	sold	-420,630	21.0315	-20,000	chief operating officer
Apr 06, 2024	campbell phyllis j	acquired	-	-	6,585	-
Apr 06, 2024	blignaut ryno	acquired	-	-	6,585	-
Apr 04, 2024	hug joshua	sold	-413,790	20.6895	-20,000	chief operating officer
Apr 03, 2024	hug joshua	sold	-408,488	20.4244	-20,000	chief operating officer
Mar 28, 2024	hug joshua	sold	-419,528	20.9764	-20,000	chief operating officer
Mar 27, 2024	hug joshua	sold	-415,518	20.7759	-20,000	chief operating officer

Which funds bought or sold RELY recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 17, 2024	Clarius Group, LLC	reduced	-18.02	-44,744	314,584	0.02%
Apr 11, 2024	Fortitude Family Office, LLC	new	-	2,447	2,447	-%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	sold off	-100	-272	-	-%
Apr 09, 2024	Renaissance Capital LLC	added	5.24	202,939	1,840,240	0.96%
Apr 09, 2024	American Capital Advisory, LLC	new	-	389	389	-%
Apr 05, 2024	CWM, LLC	added	956	8,000	9,000	-%
Apr 05, 2024	GAMMA Investing LLC	added	128	2,661	4,169	-%
Mar 22, 2024	PNC Financial Services Group, Inc.	sold off	-100	-25,220	-	-%
Mar 21, 2024	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	new	-	815,640	815,640	-%
Mar 11, 2024	VANGUARD GROUP INC	added	11.6	-41,283,100	252,283,000	0.01%

Are Funds Buying or Selling RELY?

Are funds buying RELY calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RELY

No. of Funds

RELY Alerts

3 major insider sales recently.

Unveiling Remitly Global, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	generation investment management llp	4.15%	7,692,320	SC 13G/A
Feb 13, 2024	vanguard group inc	7.02%	12,990,903	SC 13G/A
Feb 02, 2024	blackrock inc.	5.2%	9,718,294	SC 13G
Jan 26, 2024	baillie gifford & co	6.01%	11,131,233	SC 13G
Jan 04, 2024	jpmorgan chase & co	4.7%	8,811,193	SC 13G/A
Feb 16, 2023	stripes holdings, llc	-	0	SC 13G/A
Feb 13, 2023	generation investment management llp	6.49%	11,075,871	SC 13G/A
Feb 09, 2023	vanguard group inc	5.12%	8,738,637	SC 13G
Feb 01, 2023	threshold ventures i, l.p.	0.8%	1,297,971	SC 13G/A
Jan 13, 2023	jpmorgan chase & co	5.0%	8,546,159	SC 13G

Recent SEC filings of Remitly Global, Inc.

View All Filings

Date Filed	Form Type	Document
Apr 18, 2024	4	Insider Trading
Apr 18, 2024	4	Insider Trading
Apr 18, 2024	4	Insider Trading
Apr 18, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 11, 2024	4	Insider Trading
Apr 09, 2024	4	Insider Trading
Apr 09, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading

Peers (Alternatives to Remitly Global, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	3.0T	227.6B	-4.10%	40.11%	36.38	13.2	11.51%	22.38%
ADBE	211.9B	19.9B	-9.26%	24.41%	44.13	10.63	10.76%	1.35%
CRWD	70.2B	3.1B	-8.38%	121.31%	785.34	22.96	36.33%	148.75%
SQ	43.9B	21.9B	-9.15%	14.62%	6.4K	2	25.01%	101.26%
AKAM	15.3B	3.8B	-6.58%	22.51%	27.86	4	5.40%	4.57%
FFIV	10.6B	2.8B	-5.04%	30.96%	22.9	3.76	3.55%	53.13%
MID-CAP
ALTR	6.5B	612.7M	0.17%	15.37%	-729.21	10.62	7.07%	79.45%
HCP	4.6B	583.1M	-15.85%	-18.07%	-24.02	7.85	22.54%	30.49%
ACIW	3.4B	1.5B	-1.28%	21.93%	27.61	2.31	2.16%	-14.54%
APPN	2.6B	545.4M	-4.57%	-13.82%	-22.9	4.68	16.53%	26.16%
SMALL-CAP
CSGS	1.4B	1.2B	-5.17%	-8.38%	20.8	1.22	7.30%	93.18%
ATEN	958.0M	251.7M	-3.09%	-10.01%	23.97	3.81	-10.22%	-14.79%
BAND	450.3M	601.1M	-6.64%	27.67%	-27.55	0.75	4.88%	-183.51%
DTSS	18.8M	7.0M	-8.53%	-58.10%	-2.18	2.91	-55.73%	-45.27%
BLIN	12.8M	15.6M	24.24%	33.70%	-1.28	0.82	-6.37%	-5256.07%

Remitly Global, Inc. News

Latest updates

Remitly Global, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Revenue	9.6%	264,758,000	241,629,000	234,033,000	203,865,000	191,032,000	169,259,000	157,255,000	136,014,000	135,255,000	121,244,000	111,050,000	91,056,000	81,423,000	71,790,000	-
Costs and Expenses	6.2%	295,759,000	278,532,000	252,256,000	231,933,000	213,900,000	204,876,000	196,632,000	159,188,000	151,794,000	133,911,000	112,994,000	99,628,000	-	73,543,000	-
S&GA Expenses	-2.3%	48,657,000	49,817,000	39,490,000	41,408,000	34,895,000	35,504,000	37,509,000	23,342,000	23,512,000	24,539,000	12,008,000	10,882,000	-	7,667,000	-
R&D Expenses	3.9%	59,240,000	57,014,000	54,309,000	49,376,000	42,883,000	36,178,000	36,083,000	23,575,000	19,128,000	18,123,000	15,198,000	11,644,000	-	10,380,000	-
EBITDA Margin	-0.2%	-0.10	-0.10	-0.11	-0.15	-0.16	-0.17	-0.15	-0.09	-0.07	-0.06	-0.04	-0.09	-0.10	-0.21	-
Interest Expenses	34.4%	786,000	585,000	592,000	389,000	327,000	330,000	332,000	313,000	208,000	512,000	277,000	259,000	-	247,000	-
Income Taxes	1999.6%	5,417,000	258,000	-143,000	370,000	-434,000	287,000	662,000	528,000	-42,000	261,000	454,000	370,000	-	195,000	-
Earnings Before Taxes	16.4%	-29,604,000	-35,397,000	-18,993,000	-27,944,000	-19,829,000	-32,782,000	-37,583,000	-22,782,000	-16,618,000	-12,701,000	-994,000	-7,400,000	-	-2,234,000	-
EBT Margin	-1.0%	-0.12	-0.12	-0.12	-0.16	-0.17	-0.18	-0.16	-0.11	-0.08	-0.07	-0.05	-0.10	-0.12	-0.23	-
Net Income	1.8%	-35,021,000	-35,655,000	-18,850,000	-28,314,000	-19,395,000	-33,069,000	-38,245,000	-23,310,000	-16,576,000	-12,962,000	-1,448,000	-7,770,000	-	-2,429,000	-
Net Income Margin	-6.3%	-0.12	-0.12	-0.12	-0.16	-0.17	-0.19	-0.17	-0.11	-0.08	-0.08	-0.06	-0.11	-0.13	-0.23	-
Free Cashflow	-210.8%	-35,057,000	31,643,000	-52,602,000	-431,000	-78,833,000	-54,524,000	-14,840,000	39,378,000	-38,425,000	-41,527,000	-3,046,000	62,651,000	-43,272,000	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet											(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Assets	24.4%	1,036	833	785	715	696	690	728	628	626	665	363
Current Assets	27.9%	932	729	679	607	669	666	704	607	608	647	345
Cash Equivalents	45.0%	324	223	228	244	301	376	430	445	403	443	188
Net PPE	8.8%	16.00	15.00	13.00	13.00	12.00	10.00	10.00	10.00	9.00	9.00	10.00
Goodwill	0%	55.00	55.00	55.00	55.00	-	-	-	-	-	-	-
Liabilities	65.2%	507	307	269	220	216	224	261	156	145	177	187
Current Liabilities	22.1%	367	300	227	197	209	216	252	151	142	173	182
Short Term Borrowings	5.4%	2.00	2.00	2.00	2.00	-	-	-	-	-	-	-
Long Term Debt	-	130	-	34.00	-	-	-	-	-	-	-	-
LT Debt, Non Current	-	130	-	34.00	-	-	-	-	-	-	-	-
Shareholder's Equity	0.7%	529	526	516	495	480	466	467	472	480	488	-211
Retained Earnings	-7.7%	-491	-456	-420	-401	-373	-354	-321	-282	-259	-242	-220
Additional Paid-In Capital	3.8%	1,020	983	936	898	854	823	789	754	740	730	9.00
Shares Outstanding	1.8%	188	185	181	178	173	167	165	164	61.00	32.00	21.00
Float	-	-	-	2,492	-	-	-	907	-	-	4,600	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)															(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	-206.6%	-34,468	32,345	-51,900	433	-80,867	-53,819	-14,220	40,250	-37,816	-40,851	-2,640	62,916	-	-	-
Share Based Compensation	-1.7%	35,960	36,573	35,200	29,234	27,413	25,745	32,541	9,594	8,051	4,740	2,703	1,522	-	-	-
Cashflow From Investing	0.8%	-2,587	-2,607	-1,750	-43,093	-2,293	-1,836	-1,555	-1,625	-1,246	-1,036	-1,054	-1,198	-	-	-
Cashflow From Financing	516.7%	136,171	-32,675	36,791	-13,637	6,397	3,753	1,836	2,601	-1,462	312,311	-61,772	-10,874	-	-	-

RELY Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Revenue

$ 944,285

$ 653,560

$ 458,605

Costs and expenses

Marketing

^[1]

234,417

170,970

120,906

Technology and development

^[1]

219,939

138,719

64,093

General and administrative

^[1]

179,372

131,250

70,941

Depreciation and amortization

13,118

6,724

5,256

Total costs and expenses

1,058,480

774,596

498,327

Loss from operations

(114,195)

(121,036)

(39,722)

Interest income

7,447

4,149

140

Interest expense

(2,352)

(1,302)

(1,256)

Other (expense) income, net

(2,838)

5,213

3,125

Loss before provision for income taxes

(111,938)

(112,976)

(37,713)

Provision for income taxes

5,902

1,043

Net loss

$ (117,840)

$ (114,019)

$ (38,756)

Net loss per share attributable to common stockholders:

Basic (in dollars per share)

$ (0.65)

$ (0.68)

$ (0.64)

Diluted (in dollars per share)

$ (0.65)

$ (0.68)

$ (0.64)

Weighted-average shares used in computing net loss per share attributable to common stockholders:

Basic (in shares)

180,818,399

167,774,123

60,728,748

Diluted (in shares)

180,818,399

167,774,123

60,728,748

Transaction expenses

Costs and expenses

Cost of revenue

^[1]

$ 329,113

$ 258,827

$ 191,606

Customer support and operations

Costs and expenses

Cost of revenue

^[1]

$ 82,521

$ 68,106

$ 45,525

[1]	Exclusive of depreciation and amortization, shown separately, above.

RELY Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 323,710	$ 300,635
Disbursement prefunding	195,848	158,055
Customer funds receivable, net	379,417	191,402
Prepaid expenses and other current assets	33,143	19,327
Total current assets	932,118	669,419
Property and equipment, net	16,010	11,546
Operating lease right-of-use assets	9,525	8,675
Goodwill	54,940	0
Intangible assets, net	16,642	0
Other noncurrent assets, net	7,071	6,313
Total assets	1,036,306	695,953
Current liabilities
Accounts payable	35,051	6,794
Customer liabilities	177,473	111,075
Short-term debt	2,481	0
Accrued expenses and other current liabilities	145,802	87,752
Operating lease liabilities	6,032	3,521
Total current liabilities	366,839	209,142
Operating lease liabilities, noncurrent	4,477	5,674
Long-term debt	130,000	0
Other noncurrent liabilities	5,653	1,050
Total liabilities	506,969	215,866
Commitments and contingencies (Note 18)
Stockholders’ equity
Common stock, $0.0001 par value; 725,000,000 shares authorized as of December 31, 2023 and 2022 both; 188,435,952 and 173,250,865 shares issued and outstanding, as of December 31, 2023 and 2022, respectively	19	17
Additional paid-in capital	1,020,286	854,276
Accumulated other comprehensive income (loss)	335	(743)
Accumulated deficit	(491,303)	(373,463)
Total stockholders’ equity	529,337	480,087
Liabilities and Equity, Total	$ 1,036,306	$ 695,953

About Remitly Global, Inc.

Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 170 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.

CEO	Mr. Matthew B. Oppenheimer
WEBSITE	remitly.com
INDUSTRY	Software - Infra
EMPLOYEES	2700

Remitly Global, Inc. Frequently Asked Questions

What is the ticker symbol for Remitly Global, Inc.? What does RELY stand for in stocks?

RELY is the stock ticker symbol of Remitly Global, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Remitly Global, Inc. (RELY)?

As of Thu Apr 18 2024, market cap of Remitly Global, Inc. is 3.51 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RELY stock?

You can check RELY's fair value in chart for subscribers.

What is the fair value of RELY stock?

You can check RELY's fair value in chart for subscribers. The fair value of Remitly Global, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Remitly Global, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RELY so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Remitly Global, Inc. a good stock to buy?

The fair value guage provides a quick view whether RELY is over valued or under valued. Whether Remitly Global, Inc. is cheap or expensive depends on the assumptions which impact Remitly Global, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RELY.

What is Remitly Global, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 18 2024, RELY's PE ratio (Price to Earnings) is -29.79 and Price to Sales (PS) ratio is 3.72. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RELY PE ratio will change depending on the future growth rate expectations of investors.