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

14.92USD-0.30 (-1.97%)Delayed as of 08 May 2024, 11:52 am ET

Market Summary

USD14.92-0.30

Delayedas of 08 May 2024, 11:52 am

-1.97%

RELY Alerts

3 major insider sales recently.

Big jump in Revenue (Y/Y)
Losses in recent quarter

RELY Stock Price

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RELY RSI Chart

RELY Valuation

Market Cap

2.9B

Price/Earnings (Trailing)

-26.49

Price/Sales (Trailing)

2.9

EV/EBITDA

-31.86

Price/Free Cashflow

-25.75

RELY Price/Sales (Trailing)

RELY Profitability

EBT Margin

-10.31%

Return on Equity

-20.13%

Return on Assets

-10.25%

Free Cashflow Yield

-3.88%

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

52 Week Range

14.8926.44

(Low)(High)

Last 7 days

-14.6%

Last 30 days

-26.2%

Last 90 days

-14.9%

Trailing 12 Months

-16.2%

How does RELY drawdown profile look like?

RELY Financial Health

Current Ratio

2.64

Debt/Equity

0.27

Debt/Cashflow

-0.74

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

Year	Q1	Q2	Q3	Q4
2024	1.0B	0	0	0
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

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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
May 01, 2024	blignaut ryno	acquired	-	-	665	-
May 01, 2024	le moal laurent	acquired	-	-	547	-
May 01, 2024	chung bora	acquired	-	-	644	-
May 01, 2024	riese phillip john	acquired	-	-	837	-
May 01, 2024	smyth margaret mary	acquired	-	-	709	-
May 01, 2024	campbell phyllis j	acquired	-	-	665	-
May 01, 2024	morris nigel w	acquired	-	-	554	-
Apr 25, 2024	oppenheimer matthew b.	sold	-186,863	17.94	-10,416	chief executive officer
Apr 24, 2024	oppenheimer matthew b.	sold	-191,238	18.36	-10,416	chief executive officer
Apr 15, 2024	yoakum rene	sold	-280,120	18.6747	-15,000	evp, customer and culture

Which funds bought or sold RELY recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Quantbot Technologies LP	reduced	-79.26	-957,034	272,213	0.01%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-8,409	-	-%
May 06, 2024	DUALITY ADVISERS, LP	new	-	446,325	446,325	0.04%
May 06, 2024	Integrated Advisors Network LLC	unchanged	-	355,734	5,589,330	0.28%
May 06, 2024	BANQUE PICTET & CIE SA	unchanged	-	26,320	413,535	-%
May 06, 2024	HighTower Advisors, LLC	reduced	-0.92	21,000	386,000	-%
May 06, 2024	Empowered Funds, LLC	added	10.54	163,421	1,068,590	0.02%
May 06, 2024	SG Americas Securities, LLC	reduced	-64.73	-365,000	221,000	-%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	new	-	355,214	355,214	-%
May 03, 2024	GSA CAPITAL PARTNERS LLP	reduced	-69.81	-3,337,000	1,588,000	0.13%

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 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
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 29, 2024	D/A	D/A

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	236.6B	-3.84%	32.57%	35.29	12.85	13.97%	24.86%
ADBE	220.5B	19.9B	1.47%	43.08%	45.94	11.06	10.76%	1.35%
CRWD	74.6B	3.1B	-0.92%	136.08%	835.11	24.41	36.33%	148.75%
SQ	44.1B	22.9B	-7.22%	21.77%	88.59	1.93	23.28%	240.37%
AKAM	15.4B	3.8B	-4.30%	28.13%	28.13	4.04	5.40%	4.57%
FFIV	9.9B	2.8B	-12.51%	24.66%	19.79	3.54	0.20%	52.82%
MID-CAP
ALTR	7.1B	619.6M	1.87%	27.35%	742.16	11.48	7.11%	116.83%
HCP	6.4B	583.1M	27.04%	10.44%	-33.34	10.9	22.54%	30.49%
ACIW	3.8B	1.5B	10.88%	47.29%	25.9	2.56	6.51%	54.77%
APPN	2.3B	560.0M	-16.33%	-10.37%	-21.7	4.17	14.52%	34.67%
SMALL-CAP
CSGS	1.2B	1.2B	-13.79%	-13.91%	19.38	1.07	3.70%	18.24%
ATEN	1.2B	254.7M	15.48%	12.87%	25.25	4.53	-7.51%	2.74%
BAND	597.2M	634.3M	28.96%	99.38%	-20.46	0.94	9.43%	-197.31%
DTSS	18.7M	7.0M	-11.44%	-56.06%	-2.18	2.91	-55.73%	-45.27%
BLIN	12.5M	15.6M	-8.27%	32.61%	-1.25	0.8	-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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Revenue	1.6%	269,118,000	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	-2.3%	289,071,000	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	-100.0%	-	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	6.7%	63,206,000	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	15.1%	-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%	769,000	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	-81.6%	998,000	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	32.2%	-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 Margin	13.0%	-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 Income	39.8%	-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 Margin	12.2%	-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	-35,057,000	31,643,000	-52,602,000	-431,000	-82,349,000	-54,524,000	-14,840,000	39,378,000	-38,425,000	-41,527,000	-3,046,000	62,651,000	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet												(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Assets	4.1%	1,079	1,036	833	785	715	696	690	728	628	626	665	363
Current Assets	4.3%	972	932	729	679	607	669	666	704	607	608	647	345
Cash Equivalents	-10.7%	289	324	223	228	244	301	376	430	445	403	443	188
Net PPE	20.8%	19.00	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	55.00	-	-	-	-	-	-	-
Liabilities	4.5%	530	507	307	269	220	216	224	261	156	145	177	187
Current Liabilities	0.3%	368	367	300	227	197	209	216	252	151	142	173	182
Short Term Borrowings	-1.5%	2.00	2.00	2.00	2.00	2.00	-	-	-	-	-	-	-
Long Term Debt	15.4%	150	130	-	34.00	-	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	130	-	34.00	-	-	-	-	-	-	-	-
Shareholder's Equity	3.8%	549	529	526	516	495	480	466	467	472	480	488	-
Retained Earnings	-4.3%	-512	-491	-456	-420	-401	-373	-354	-321	-282	-259	-242	-220
Additional Paid-In Capital	4.1%	1,062	1,020	983	936	898	854	823	789	754	740	730	9.00
Shares Outstanding	2.1%	192	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	-64.8%	-56,808	-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	-5.2%	34,088	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	-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%	26,121	136,171	-32,675	36,791	-13,637	6,397	3,753	1,836	2,601	-1,462	312,311	-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]

68,014

44,123

Technology and development

^[1]

63,206

49,376

General and administrative

^[1]

44,173

41,408

Depreciation and amortization

3,678

3,029

Total costs and expenses

289,071

231,933

Loss from operations

(19,953)

(28,068)

Interest income

2,226

2,024

Interest expense

(769)

(389)

Other expense, net

(1,586)

(1,511)

Loss before provision for income taxes

(20,082)

(27,944)

Provision for income taxes

998

370

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)

189,848,799

175,113,904

Diluted (in shares)

189,848,799

175,113,904

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 prefunding	202,042	195,848
Customer funds receivable, net	439,183	379,417
Prepaid expenses and other current assets	44,789	33,143
Total current assets	972,011	932,118
Property and equipment, net	19,335	16,010
Operating lease right-of-use assets	10,315	9,525
Goodwill	54,940	54,940
Intangible assets, net	15,427	16,642
Other noncurrent assets, net	7,173	7,071
Total assets	1,079,201	1,036,306
Current liabilities
Accounts payable	12,278	35,051
Customer liabilities	192,296	177,473
Short-term debt	2,445	2,481
Accrued expenses and other current liabilities	155,080	145,802
Operating lease liabilities	5,746	6,032
Total current liabilities	367,845	366,839
Operating lease liabilities, noncurrent	5,345	4,477
Long-term debt	150,000	130,000
Other noncurrent liabilities	6,653	5,653
Total liabilities	529,843	506,969
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, respectively	19	19
Additional paid-in capital	1,062,029	1,020,286
Accumulated other comprehensive (loss) income	(307)	335
Accumulated deficit	(512,383)	(491,303)
Total stockholders’ equity	549,358	529,337
Total liabilities and stockholders’ equity	$ 1,079,201	$ 1,036,306

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 Tue May 07 2024, market cap of Remitly Global, Inc. is 2.93 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 Tue May 07 2024, RELY's PE ratio (Price to Earnings) is -26.49 and Price to Sales (PS) ratio is 2.9. 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.