Remitly Global, Inc. (RELY)

NASDAQ: RELY · IEX Real-Time Price · USD
20.60
+0.11 (0.54%)
At close: Mar 4, 2024, 4:00 PM
20.21
-0.39 (-1.89%)
After-hours: Mar 4, 2024, 5:46 PM EST
0.54%
Market Cap 3.86B
Revenue (ttm) 944.29M
Net Income (ttm) -117.84M
Shares Out 188.44M
EPS (ttm) -0.65
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,444,307
Open 20.40
Previous Close 20.49
Day's Range 20.18 - 20.69
52-Week Range 14.50 - 27.95
Beta 0.04
Analysts Buy
Price Target 26.67 (+29.47%)
Earnings Date Feb 21, 2024

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. [Read more]

Sector Technology
IPO Date Sep 23, 2021
Employees 2,700
Stock Exchange NASDAQ
Ticker Symbol RELY
Full Company Profile

Financial Performance

In 2023, Remitly Global's revenue was $944.29 million, an increase of 44.48% compared to the previous year's $653.56 million. Losses were -$117.84 million, 3.35% more than in 2022.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for RELY stock is "Buy." The 12-month stock price forecast is $26.67, which is an increase of 29.47% from the latest price.

Price Target
$26.67
(29.47% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Remitly (RELY) CEO on the State of Fintech Companies

Remitly (RELY) CEO Matt Oppenheimer joins Nicole Petallides to give an overview of the company and discuss 4Q earnings. He also talks about the state of fintech companies.

6 days ago - Schwab Network

Remitly Announces Upcoming Investor Conference Participation

SEATTLE, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that its management...

11 days ago - GlobeNewsWire

Remitly Global Stock Surges After Earnings. It's ‘in the Early Innings' of Growth Story, Says Analyst.

The provider of digital financial services tops quarterly revenue estimates.

11 days ago - Barrons

Remitly revenue up 44% to $944M in 2023, with more growth expected this year

Remitly's business is on a roll. The Seattle-based digital remittance company reported its full-year results Wednesday for 2023. Total revenue last year came in at $944.3 million, up 44% year-over-yea...

12 days ago - GeekWire

Remitly Reports Fourth Quarter and Full Year 2023 Results

Active customers up 41% year over year Send volume up 38% year over year Revenue up 39% year over year

12 days ago - GlobeNewsWire

UPDATE -- Remitly to Report Fourth Quarter and Full Year 2023 Financial Results on Wednesday, February 21, 2024

SEATTLE, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that it will report...

20 days ago - GlobeNewsWire

Remitly to Report Fourth Quarter and Full Year 2023 Financial Results on Wednesday, February 21, 2024

SEATTLE, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that it will report...

24 days ago - GlobeNewsWire

Visa and Remitly Expand Collaboration to Digitally Streamline Global Remittance Market

Yanilsa Gonzalez-Ore, North America Head of Visa Direct and Global Ecosystem Readiness, and Remitly's CEO Matt Oppenheimer told PYMNTS cross-border money transfers are ripe for app-driven, digital mod...

Other symbols: V
3 months ago - PYMNTS

Insider Buys: Lumen, Air Products, Inari, Remitly and Sarepta

Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.

Other symbols: APDSRPTNARILUMN
4 months ago - CNBC Television

Remitly to Report Third Quarter 2023 Financial Results on Wednesday, November 1, 2023

SEATTLE, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that it wil...

4 months ago - GlobeNewsWire

Remitly and Mastercard Team on Cross-Border Payments and Remittances

Mastercard and Remitly Global, Inc. announced a partnership Thursday (Oct. 19) to expand access to cross-border payments and remittances. By integrating Mastercard's Send and Cross-Border Services int...

Other symbols: MA
4 months ago - PYMNTS

Remitly to Present at the 2023 Goldman Sachs Communacopia + Technology Conference

SEATTLE, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its ma...

6 months ago - GlobeNewsWire

Remitly Reports Second Quarter 2023 Results

Active customers up 47% year over year Send volume up 38% year over year Revenue up 49% year over year

7 months ago - GlobeNewsWire

Remitly to Report Second Quarter 2023 Financial Results on Wednesday, August 2, 2023

SEATTLE, July 13, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that it wil...

8 months ago - GlobeNewsWire

Remitly Announces Investor Conference Participation for May 2023

SEATTLE, May 12, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its man...

10 months ago - GlobeNewsWire

Remitly Reports First Quarter 2023 Results

Active customers up 50% year over year Send volume up 40% year over year Revenue up 50% year over year

10 months ago - GlobeNewsWire

Remitly to Report First Quarter 2023 Financial Results on Wednesday, May 3, 2023

SEATTLE, April 17, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that it wi...

11 months ago - GlobeNewsWire

Remitly Appoints Two New Members to its Board of Directors

Former J.P. Morgan executive Phyllis Campbell, Khosla Ventures Partner Ryno Blignaut bring decades of global financial services expertise to company's Board Former J.P. Morgan executive Phyllis Campbe...

11 months ago - GlobeNewsWire

Remitly to Present at the Wolfe FinTech Forum

SEATTLE, March 08, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its m...

1 year ago - GlobeNewsWire

Remitly to Present at the JMP Securities Technology Conference

SEATTLE, March 01, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its m...

1 year ago - GlobeNewsWire

Remitly Expands into the Middle East with United Arab Emirates Launch, Dubai Office

Remitly brings its trusted service and world-class global network to millions of immigrants residing in the UAE Remitly brings its trusted service and world-class global network to millions of immigra...

1 year ago - GlobeNewsWire

Remitly Reports Fourth Quarter and Full Year 2022 Results

Active customers up 48% year over year Send volume up 35% year over year Revenue up 41% year over year

1 year ago - GlobeNewsWire

Remitly to Report Fourth Quarter and Full Year 2022 Financial Results on Wednesday, February 22, 2023

SEATTLE, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that it wil...

1 year ago - GlobeNewsWire

Remitly Completes Acquisition of Rewire

Digital financial services leader expands geographic footprint and bolsters complementary remittance product platform Digital financial services leader expands geographic footprint and bolsters comple...

1 year ago - GlobeNewsWire

Winning together: Migrant goals power nearly half of teams heading to the world's biggest sports tournament

Analysis from Remitly reveals migrant goal scorers made the difference for nearly half of the teams that qualified Analysis from Remitly reveals migrant goal scorers made the difference for nearly hal...

1 year ago - GlobeNewsWire