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RELY

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

12.55USD-0.54 (-4.13%)Market Closed

Market Summary

RELY
USD12.55-0.54
Market Closed
-4.13%

RELY Alerts

  • 3 major insider sales recently.
  • Big jump in Revenue (Y/Y)
  • Losses in recent quarter

RELY Stock Price

View Fullscreen

RELY RSI Chart

RELY Valuation

Market Cap

2.4B

Price/Earnings (Trailing)

-21.84

Price/Sales (Trailing)

2.39

EV/EBITDA

-26.03

Price/Free Cashflow

-21.75

RELY Price/Sales (Trailing)

RELY Profitability

EBT Margin

-10.31%

Return on Equity

-20.13%

Return on Assets

-10.25%

Free Cashflow Yield

-4.6%

RELY Fundamentals

RELY Revenue

Revenue (TTM)

1.0B

Rev. Growth (Yr)

32.01%

Rev. Growth (Qtr)

1.65%

RELY Earnings

Earnings (TTM)

-110.6M

Earnings Growth (Yr)

25.55%

Earnings Growth (Qtr)

39.81%

Breaking Down RELY Revenue

Last 7 days

-7.0%

Last 30 days

-11.8%

Last 90 days

-37.6%

Trailing 12 Months

-34.3%

How does RELY drawdown profile look like?

RELY Financial Health

Current Ratio

2.64

Debt/Equity

0.27

Debt/Cashflow

-0.72

RELY Investor Care

Shares Dilution (1Y)

8.17%

Diluted EPS (TTM)

-0.61

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20241.0B000
2023721.4M798.2M870.6M944.3M
2022503.6M549.8M597.8M653.6M
2021307.4M357.8M408.2M458.6M
202000191.8M257.0M
2019000126.6M
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Tracking the Latest Insider Buys and Sells of Remitly Global, Inc.

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 29, 2024
hug joshua
sold
-347,013
13.2251
-26,239
vice chair
May 28, 2024
yoakum rene
sold (taxes)
-183,936
13.7
-13,426
evp, customer and culture
May 28, 2024
sinha ankur
sold (taxes)
-364,228
13.7
-26,586
chief technology officer
May 28, 2024
miller gail a
sold (taxes)
-82,487
13.7
-6,021
chief accounting officer
May 28, 2024
hug joshua
sold (taxes)
-141,973
13.7
-10,363
vice chair
May 28, 2024
munipalli hemanth
sold (taxes)
-236,804
13.7
-17,285
chief financial officer
May 28, 2024
sharma pankaj
sold (taxes)
-191,732
13.7
-13,995
chief business officer
May 25, 2024
hug joshua
acquired
-
-
36,602
vice chair
May 25, 2024
morris nigel w
acquired
-
-
1,875
-
May 25, 2024
miller gail a
acquired
-
-
21,900
chief accounting officer

1–10 of 50

Which funds bought or sold RELY recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
added
2,220
7,886
8,274
-%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-6.02
4,000
1,044,000
0.01%
May 17, 2024
Artal Group S.A.
sold off
-100
-486,000
-
-%
May 16, 2024
COMERICA BANK
unchanged
-
41.00
643
-%
May 16, 2024
JANE STREET GROUP, LLC
added
121
5,292,780
9,172,760
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-3.06
97,970
2,874,560
-%
May 15, 2024
Royal Bank of Canada
reduced
-74.81
-677,000
248,000
-%
May 15, 2024
GOLDMAN SACHS GROUP INC
added
41.13
3,438,060
10,216,700
-%
May 15, 2024
OSTERWEIS CAPITAL MANAGEMENT INC
sold off
-100
-2,314,570
-
-%
May 15, 2024
Tower Research Capital LLC (TRC)
reduced
-94.76
-593,274
35,196
-%

1–10 of 46

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

Unveiling Remitly Global, Inc.'s Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
May 08, 2024
blackrock inc.
4.97%
9,570,511
SC 13G/A
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

Recent SEC filings of Remitly Global, Inc.

View All Filings
Date Filed Form Type Document
May 29, 2024
144
Notice of Insider Sale Intent
May 29, 2024
4
Insider Trading
May 29, 2024
4
Insider Trading
May 29, 2024
4
Insider Trading
May 29, 2024
4
Insider Trading
May 29, 2024
4
Insider Trading
May 29, 2024
4
Insider Trading
May 29, 2024
4
Insider Trading
May 29, 2024
4
Insider Trading
May 29, 2024
4
Insider Trading

Peers (Alternatives to Remitly Global, Inc.)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
3.3T
236.6B
5.96% 30.85%
38.07
13.87
13.97% 24.86%
205.5B
19.9B
-3.64% -4.36%
42.81
10.31
10.76% 1.35%
92.8B
3.3B
16.14% 148.59%
704.78
28.25
34.26% 187.06%
38.5B
22.9B
-12.39% -2.06%
87.51
1.68
23.28% 285.17%
13.5B
3.9B
-5.13% -3.96%
21.5
3.47
7.01% 28.42%
MID-CAP
9.8B
2.8B
-2.35% 12.14%
19.75
3.54
0.20% 52.82%
8.0B
619.6M
11.75% 26.82%
835.7
12.92
7.11% 116.83%
6.7B
605.7M
2.56% 16.28%
-35.71
11.11
18.08% 24.38%
3.7B
1.5B
-2.98% 54.76%
25.6
2.53
6.51% 54.77%
2.1B
560.0M
-14.72% -45.39%
-19.25
3.7
14.52% 34.67%
SMALL-CAP
1.2B
1.2B
-5.76% -17.54%
18.41
1.04
3.70% 27.53%
1.0B
254.7M
-12.68% -7.71%
22.43
4.03
-7.51% 2.74%
490.1M
634.3M
-15.15% 36.73%
-16.79
0.77
9.43% -197.31%
13.9M
26.4M
-36.02% -72.26%
-1.2
0.52
212.19% -94.63%
11.0M
15.3M
-15.87% -10.17%
-1.1
0.72
-7.99% -1417.41%

Remitly Global, Inc. News

Latest updates
GlobeNewswire31 May 202407:00 am
Simply Wall St30 May 202407:00 am
The Motley Fool02 May 202407:00 am
The Motley Fool3 months ago

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

Income Statement (Last 12 Months)
Income Statement (Quarterly)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32019Q4
Revenue1.6%269,118,000264,758,000241,629,000234,033,000203,865,000191,032,000169,259,000157,255,000136,014,000135,255,000121,244,000111,050,00091,056,00081,423,00071,790,000-
Costs and Expenses-2.3%289,071,000295,759,000278,532,000252,256,000231,933,000213,900,000204,876,000196,632,000159,188,000151,794,000133,911,000112,994,00099,628,000-73,543,000-
  S&GA Expenses-9.2%44,173,00048,657,00049,817,00039,490,00041,408,00034,895,00035,504,00037,509,00023,342,00023,512,00024,539,00012,008,00010,882,000-7,667,000-
  R&D Expenses6.7%63,206,00059,240,00057,014,00054,309,00049,376,00042,883,00036,178,00036,083,00023,575,00019,128,00018,123,00015,198,00011,644,000-10,380,000-
EBITDA Margin15.1%-0.09-0.10-0.10-0.11-0.15-0.16-0.17-0.15-0.09-0.07-0.06-0.07-0.09-0.10--
Interest Expenses-2.2%769,000786,000585,000592,000389,000327,000330,000332,000313,000208,000512,000277,000259,000-247,000-
Income Taxes-81.6%998,0005,417,000258,000-143,000370,000-434,000287,000662,000528,000-42,000261,000454,000370,000-195,000-
Earnings Before Taxes32.2%-20,082,000-29,604,000-35,397,000-18,993,000-27,944,000-19,829,000-32,782,000-37,583,000-22,782,000-16,618,000-12,701,000-994,000-7,400,000--2,234,000-
EBT Margin13.0%-0.10-0.12-0.12-0.12-0.16-0.17-0.18-0.16-0.11-0.08-0.08-0.09-0.10-0.12--
Net Income39.8%-21,080,000-35,021,000-35,655,000-18,850,000-28,314,000-19,395,000-33,069,000-38,245,000-23,310,000-16,576,000-12,962,000-1,448,000-7,770,000--2,429,000-
Net Income Margin12.2%-0.11-0.12-0.12-0.12-0.16-0.17-0.19-0.17-0.11-0.08-0.08-0.09-0.11-0.13--
Free Cashflow-64.7%-57,753,000-35,057,00031,643,000-52,602,000-431,000-82,349,000-54,524,000-14,840,00039,378,000-38,425,000-41,527,000-3,046,00062,651,000---
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32020Q4
Assets4.1%1,0791,036833785715696690728628626665363
  Current Assets4.3%972932729679607669666704607608647345
    Cash Equivalents-11.7%286324223228244301376430445403443188
  Net PPE20.8%19.0016.0015.0013.0013.0012.0010.0010.0010.009.009.0010.00
  Goodwill0%55.0055.0055.0055.0055.0055.00------
Liabilities4.5%530507307269220216224261156145177187
  Current Liabilities0.3%368367300227197209216252151142173182
  Short Term Borrowings-1.5%2.002.002.002.002.00-------
  Long Term Debt15.4%150130-34.00--------
    LT Debt, Non Current15.4%150130-34.00--------
Shareholder's Equity3.8%549529526516495480466467472480488-
  Retained Earnings-4.3%-512-491-456-420-401-373-354-321-282-259-242-220
  Additional Paid-In Capital4.1%1,0621,0209839368988548237897547407309.00
Shares Outstanding2.1%19218818518117517316916516461.0032.0021.00
Float----2,492---907--4,600-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32019Q4
Cashflow From Operations-64.8%-56,808-34,46832,345-49,171-2,296-80,867-53,819-14,22040,250-37,816-40,851-2,64062,916---
  Share Based Compensation-5.2%34,08835,96036,57335,20029,23427,41325,74532,5419,5948,0514,7402,7031,522---
Cashflow From Investing-66.8%-4,314-2,587-2,607-1,750-43,093-2,293-1,836-1,555-1,625-1,246-1,036-1,054-1,198---
Cashflow From Financing-80.8%26,121136,171-32,67534,062-10,9086,3973,7531,8362,601-1,462312,311-61,772-10,874---
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RELY Income Statement

2024-03-31
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue$ 269,118$ 203,865
Costs and expenses  
Marketing[1]68,01444,123
Technology and development[1]63,20649,376
General and administrative[1]44,17341,408
Depreciation and amortization3,6783,029
Total costs and expenses289,071231,933
Loss from operations(19,953)(28,068)
Interest income2,2262,024
Interest expense(769)(389)
Other expense, net(1,586)(1,511)
Loss before provision for income taxes(20,082)(27,944)
Provision for income taxes998370
Net loss$ (21,080)$ (28,314)
Net loss per share attributable to common stockholders:  
Basic (in dollars per share)$ (0.11)$ (0.16)
Diluted (in dollars per share)$ (0.11)$ (0.16)
Weighted-average shares used in computing net loss per share attributable to common stockholders:  
Basic (in shares)189,848,799175,113,904
Diluted (in shares)189,848,799175,113,904
Transaction expenses  
Costs and expenses  
Cost of revenue[1]$ 89,881$ 74,066
Customer support and operations  
Costs and expenses  
Cost of revenue[1]$ 20,119$ 19,931
[1]Exclusive of depreciation and amortization, shown separately, above.

RELY Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets  
Cash and cash equivalents$ 285,997$ 323,710
Disbursement prefunding202,042195,848
Customer funds receivable, net439,183379,417
Prepaid expenses and other current assets44,78933,143
Total current assets972,011932,118
Property and equipment, net19,33516,010
Operating lease right-of-use assets10,3159,525
Goodwill54,94054,940
Intangible assets, net15,42716,642
Other noncurrent assets, net7,1737,071
Total assets1,079,2011,036,306
Current liabilities  
Accounts payable12,27835,051
Customer liabilities192,296177,473
Short-term debt2,4452,481
Accrued expenses and other current liabilities155,080145,802
Operating lease liabilities5,7466,032
Total current liabilities367,845366,839
Operating lease liabilities, noncurrent5,3454,477
Long-term debt150,000130,000
Other noncurrent liabilities6,6535,653
Total liabilities529,843506,969
Commitments and contingencies (Note 16)
Stockholders’ equity  
Common stock, $0.0001 par value; 725,000,000 shares authorized as of March 31, 2024 and December 31, 2023 both; 192,311,050 and 188,435,952 shares issued and outstanding, as of March 31, 2024 and December 31, 2023, respectively1919
Additional paid-in capital1,062,0291,020,286
Accumulated other comprehensive (loss) income(307)335
Accumulated deficit(512,383)(491,303)
Total stockholders’ equity549,358529,337
Total liabilities and stockholders’ equity$ 1,079,201$ 1,036,306
RELY
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
 WEBSITEremitly.com
 INDUSTRYSoftware - Infra
 EMPLOYEES2700

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 Jun 13 2024, market cap of Remitly Global, Inc. is 2.42 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 Jun 13 2024, RELY's PE ratio (Price to Earnings) is -21.86 and Price to Sales (PS) ratio is 2.39. 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.