Remitly Global, Inc. (RELY)

Market Cap	4.79B
Revenue (ttm)	1.26B
Net Income (ttm)	-36.98M
Shares Out	200.61M
EPS (ttm)	-0.19
PE Ratio	n/a
Forward PE	27.77
Dividend	n/a
Ex-Dividend Date	n/a

Volume	4,680,529
Open	25.68
Previous Close	25.79
Day's Range	23.34 - 25.71
52-Week Range	11.60 - 27.32
Beta	0.07
Analysts	Buy
Price Target	27.75 (+16.3%)
Earnings Date	Feb 19, 2025

About RELY

Remitly Global, Inc. provides digital financial services for immigrants, their families, and other citizens in the United States, Canada, and internationally. It primarily offers cross-border remittance services through mobile application and website. The company was founded in 2011 and is headquartered in Seattle, Washington.

• Industry: Software - Infrastructure
• Sector: Technology
• IPO Date: Sep 23, 2021
• Employees: 2,700
• Stock Exchange: NASDAQ
• Ticker Symbol: RELY
• Website: https://www.remitly.com/us/en

Financial Performance

In 2024, Remitly Global's revenue was $1.26 billion, an increase of 33.85% compared to the previous year's $944.29 million. Losses were -$36.98 million, -68.62% less than in 2023.

Analyst Forecast

According to 8 analysts, the average rating for RELY stock is "Buy." The 12-month stock price forecast is $27.75, which is an increase of 16.30% from the latest price.

Price Target

$27.75

(16.30% upside)

Analyst Consensus: Buy