RELY Stock Analysis: Remitly Global | NASDAQ
Software - Infrastructure | NASDAQ, USA | Market Cap: 5.395m USD | 12M Return: 33.8% | US75960P1049 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 68.5M
Qual. Beats: 3
Rev. Trend: 99.8%
Qual. Beats: 3
Warnings
No concerns identified
Tailwinds
Seasonality 4.9 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Remitly Global, Inc. (NASDAQ: RELY) is a digital cross-border payment company headquartered in Seattle, Washington, that provides online remittance and complementary financial services to consumers primarily in the United States, Canada, and other international markets. The company operates through a mobile application and website, enabling customers to send money across borders without relying on traditional bank wires or in-person money transfer agents. Remitly was incorporated in 2011 and went public on NASDAQ in September 2021, reaching a mid-cap market valuation within the Financials sector under the Transaction & Payment Processing Services sub-industry.
As a fintech remittance provider, Remitly operates in the broader digital money transfer industry, competing with both established players (such as traditional money transfer operators and banks) and other app-based remittance platforms. Its business model typically relies on transaction-based revenue, where the company earns the spread between the exchange rate offered to customers and the wholesale rate, plus explicit fees on individual transfers. Remittances represent a significant source of inbound capital for many emerging market economies, and the shift toward digital channels has been a key driver of growth for app-based operators like Remitly.
- Active customer growth drives send volume expansion
- Take rate improvement lifts transaction margin
- Competition from Wise and Western Union digital pressures market share
| Net Income: 305.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.28 > 0.02 and ΔFCF/TA -1.14 > 1.0 |
| NWC/Revenue: 48.72% < 20% (prev 46.06%; Δ 2.66% < -1%) |
| CFO/TA 0.29 > 3% & CFO 449.4m > Net Income 305.0m |
| Net Debt (-475.3m) to EBITDA (211.2m): -2.25 < 3 |
| Current Ratio: 3.18 > 1.5 & < 3 |
| Outstanding Shares: last quarter (221.0m) vs 12m ago 0.95% < -2% |
| Gross Margin: 60.01% > 18% (prev 59.60%; Δ 0.41% > 0.5%) |
| Asset Turnover: 132.4% > 50% (prev 125.4%; Δ 7.04% > 0%) |
| Interest Coverage Ratio: 17.12 > 6 (EBIT TTM 175.5m / Interest Expense TTM 10.3m) |
| A: 0.56 (Total Current Assets 1.29b - Total Current Liabilities 404.3m) / Total Assets 1.57b |
| B: -0.13 (Retained Earnings -205.4m / Total Assets 1.57b) |
| C: 0.13 (EBIT TTM 175.5m / Avg Total Assets 1.37b) |
| D: 2.56 (Book Value of Equity 1.13b / Total Liabilities 440.6m) |
| Altman-Z'' = 6.81 = AAA |
| DSRI: 1.53 (Receivables 556.7m/293.9m, Revenue 1.81b/1.46b) |
| GMI: 0.99 (GM 59.60% / 60.01%) |
| AQI: 2.28 (AQ_t 0.13 / AQ_t-1 0.06) |
| SGI: 1.24 (Revenue 1.81b / 1.46b) |
| TATA: -0.09 (NI 305.0m - CFO 449.4m) / TA 1.57b) |
| Beneish M = -1.68 (Cap -4..+1) = CCC |
As of August 15, 2026, the stock is trading at USD 26.30 with a total of 3,747,477 shares traded. Over the past week, the price has changed by +7.70%, over one month by +11.82%, over three months by +12.83% and over the past year by +33.84%.
Current recommended Stop Loss: 24.10 (which is 8.4% or 1.8 ATR below the current price).
Remitly Global has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy RELY.
- StrongBuy: 4
- Buy: 6
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 32.2 | 22.5% |
P/E Trailing = 17.4286
P/S = 2.981
P/B = 4.3239
Revenue TTM = 1.81b USD
EBIT TTM = 175.5m USD
EBITDA TTM = 211.2m USD
Long Term Debt = 155.0m USD (from longTermDebt, last fiscal year)
Short Term Debt = 10.8m USD (from shortTermDebt, last quarter)
Debt = 201.1m USD (corrected: LT Debt 155.0m + ST Debt 10.8m) + Leases 35.2m
Net Debt = -475.3m USD (calculated: Debt 201.1m - CCE 676.4m)
Enterprise Value = 4.92b USD (5.39b + Debt 201.1m - CCE 676.4m)
Interest Coverage Ratio = 17.12 (Ebit TTM 175.5m / Interest Expense TTM 10.3m)
EV/FCF = 11.28x (Enterprise Value 4.92b / FCF TTM 436.2m)
FCF Yield = 8.87% (FCF TTM 436.2m / Enterprise Value 4.92b)
FCF Margin = 24.10% (FCF TTM 436.2m / Revenue TTM 1.81b)
Net Margin = 16.85% (Net Income TTM 305.0m / Revenue TTM 1.81b)
Gross Margin = 60.01% ((Revenue TTM 1.81b - Cost of Revenue TTM 723.6m) / Revenue TTM)
Gross Margin QoQ = 62.07% (prev 59.33%)
Tobins Q-Ratio = 3.14 (Enterprise Value 4.92b / Total Assets 1.57b)
Interest Expense / Debt = 5.10% (Interest Expense 10.3m / Debt 201.1m)
Taxrate = 5.16% (3.69m / 71.6m)
NOPAT = 166.5m (EBIT 175.5m * (1 - 5.16%))
Current Ratio = 3.18 (Total Current Assets 1.29b / Total Current Liabilities 404.3m)
Debt / Equity = 0.18 (Debt 201.1m / totalStockholderEquity, last quarter 1.13b)
Debt / EBITDA = -2.25 (Net Debt -475.3m / EBITDA 211.2m)
Debt / FCF = -1.09 (Net Debt -475.3m / FCF TTM 436.2m)
Total Stockholder Equity = 925.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 22.32% (Net Income 305.0m / Total Assets 1.57b)
RoE = 32.97% (Net Income TTM 305.0m / Total Stockholder Equity 925.1m)
RoCE = 16.25% (EBIT 175.5m / Capital Employed (Equity 925.1m + L.T.Debt 155.0m))
RoIC = 15.37% (NOPAT 166.5m / Invested Capital 1.08b)
WACC = 10.76% (E(5.39b)/V(5.60b) * Re(10.98%) + D(201.1m)/V(5.60b) * Rd(5.10%) * (1-Tc(0.05)))
Discount Rate = 10.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.17 | Cagr: 7.00%
[DCF] Terminal Value 70.59% ; FCFF base≈396.8m ; Y1≈454.9m ; Y5≈669.5m
[DCF] Fair Price = 35.80 (EV 7.06b - Net Debt -475.3m = Equity 7.54b / Shares 210.6m; r=10.76% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 4.0 | # QB: 3
Revenue Correlation: 99.76 | Revenue CAGR: 31.09% | SUE: 1.26 | # QB: 3
EPS current Quarter (2026-09-30): EPS=0.32 | Chg30d=+5.79% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=1.85 | Chg30d=+33.91% | Revisions=+25% | GrowthEPS=+75.8% | GrowthRev=+21.5%
EPS next Year (2027-12-31): EPS=1.62 | Chg30d=-2.27% | Revisions=+25% | GrowthEPS=-12.7% | GrowthRev=+19.4%
[Analyst] Revisions Ratio: +50% (up=3, down=0)