Remitly Global, Inc.RELY

NasdaqIndustrialsServices-Business Services, NEC
Price (close)
$21.16
Market cap
$4.5B
P/E
14.7x
Revenue (TTM)
$1.8B
Net income
$305.0M
Dividend yield
—
1-year total return
30.2%
Net margin
16.9%
Revenue growth
23.8%
Debt / equity
0.00x

What Remitly Global, Inc. does.

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.

• Trust: This is the foundation of everything we do—built through reliability, fairness, and security with millions of customers;

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$257.0M$458.6M$653.6M$944.3M$1.3B$1.6B
Net income-$32.6M-$38.8M-$114.0M-$117.8M-$37.0M$67.9M
Free cash flow-$116.3M-$20.3M-$112.3M$63.9M$105.6M$295.7M

More on RELY.

Figures from Remitly Global, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.