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Remitly Global, Inc.

RELY Technology Software Infrastructure

Remitly Global, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 29.4% from fiscal 2024.

Revenue
+21.5%
EPS
+700.0%
Free cash flow
+197.3%
Total debt
+7.94%

Quarter to September 2026, against a year earlier

21.56 5.52 −20.38%
Market cap
$4.6B
P/E
12.5×
Fwd P/E
16.3×
Dividend yield
—
F-score
7/9
Altman Z
4.50
Beneish M
−3.11
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 233.55
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 — 3 7 8 9 3 2 9 2 1 —
Insider Ownership 9.02%

Capital & Financial Ratios $m

Size
Market Cap 4,560.00
Revenue ttm 1,899.97
Net income ttm 363.73
Free cash flow ttm 375.10
Net debt Q (666.14)
Valuation
P/E 12.46
Forward P/E 16.30
Price / sales 2.41
Forward P/S Powerpack
Price / FCF 12.23
Price / book 3.74
Financial health
Current ratio Q 3.50 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 28.40
Growth
Revenue growth Q +21.54% (above 0%: growing)
Operating income growth Q +489.30% (above 0%: growing)
EPS, this year +411.90% (at or above 15%: strong)
EPS, next year A −30.95% (below 0%: weak)
Revenue, next year A +21.52% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +62.46% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, against a ten-year median of 2.4×; over the ten years it ranged from 0.6× in 2022 to 5.4× in 2023.
P/S against its own 10 years 24.88%
10-year low 10-year high
P/B against its own 10 years 23.81%
10-year low 10-year high
EV/Sales against its own 10 years 30.17%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 324 368 542 669
Receivables 379 194 286 357
Inventory — — — —
Other — — — —
932 898 1,316 1,372
2023 2024 2025 Q'26
Payables 35 16 28 29
ST’ Debt 2 2 3 3
Other 177 189 220 213
367 329 399 392

Compound Annual Growth %

10y 5y 3y
Sales — 44.79% 35.76%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 37.56% 21.86%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.29 Actual 1.07

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.02 0.04 Beat by 0.02
Q4 FY25 0.02 0.19 Beat by 0.17
Q1 FY26 0.12 0.23 Beat by 0.11
Q2 FY26 0.29 1.07 Beat by 0.78
Q3 FY26 0.33 — Reports 4 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.23 0.93 0.30 — —
’25 0.05 0.03 0.04 0.19 0.31
’24 (0.11) (0.06) 0.01 (0.03) (0.19)
’23 (0.16) (0.11) (0.20) (0.19) (0.65)
’22 (0.14) (0.23) (0.20) (0.11) (0.68)
’21 (0.34) (0.06) (0.41) (0.10) (0.64)
’20 — (0.05) (0.11) (0.06) (1.52)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 453 495 510 — —
’25 362 412 419 442 1,635
’24 269 306 337 352 1,264
’23 204 234 242 265 944
’22 136 157 169 191 654
’21 91 111 121 135 459
’20 — 59 72 80 257
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 82 135 — — —
’25 81 55 40 150 325
’24 (57) 49 147 56 194
’23 (2) (52) 29 92 67
’22 40 (14) (54) (81) (109)
’21 63 (3) (41) (38) (18)
’20 — (48) (24) (43) (114)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 73 130 — — —
’25 67 44 32 140 283
’24 (61) 45 143 50 177
’23 (4) (54) 26 89 58
’22 39 (16) (55) (83) (116)
’21 62 (4) (42) (39) (23)
’20 — (50) (25) (44) (119)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — 127 257 459 654 944 1,264 1,635 1,900 +53.2% 1,987 2,373 2,828 +20.0%
Gross margin, % — — — 42.08 47.13 48.29 49.98 56.41 59.21 60.21 0.00 +18.1 pt
EBT — — — (51) (31) (38) (113) (112) (30) 72 223 n/m
EBT margin, % — — — (40.40) (12.22) (8.22) (17.29) (11.85) (2.39) 4.38 11.72 +44.8 pt
Net income — 0 — (51) (33) (39) (114) (118) (37) 68 364 n/m
Per share, $
Per share, $ Revenue — — — 5.94 11.97 7.55 3.90 5.22 6.49 7.94 8.93 +5.0%
Earnings — — — (2.98) (1.52) (0.64) (0.68) (0.65) (0.19) 0.33 1.73 n/m
Cash flow — — — 0.40 (5.32) (0.30) (0.65) 0.37 1.00 1.58 0.00 +25.9%
Capex — — — (0.34) (0.20) (0.07) (0.04) (0.05) (0.09) (0.20) 0.00 (8.2%)
Free cash flow — — — 0.06 (5.53) (0.38) (0.69) 0.32 0.91 1.38 0.00 +69.7%
Book value — — — 5.45 8.22 7.91 2.86 2.93 3.42 4.22 5.76 (4.2%)
Shares, m — — — 21 21 61 168 181 195 206 210 +46.0%
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 0.00 0.00 0.00 0.00 41.82 12.46 6.0
P/S — — — 3.25 3.25 2.73 2.89 3.64 3.48 1.74 2.41 3.0
P/B — — — 0.00 0.00 2.61 3.94 6.49 6.60 3.27 3.74 3.3
EV/Sales — — — 2.77 2.77 1.86 2.45 3.44 3.20 1.50 2.15 2.6
EV/FCF — — — (92.60) (92.60) (37.30) (13.82) 56.23 22.87 8.67 10.87 (21.2)
Cash, $m
Cash, $m Operating cash flow — — — 8 (114) (18) (109) 67 194 325 406 +83.8%
Capex — — — (7) (4) (5) (7) (9) (18) (42) (31) +34.0%
Free cash flow — — — 1 (119) (23) (116) 58 177 283 375 +147.7%
Balance, $m
Balance, $m Working capital — — — 104 164 466 460 565 569 917 980 +43.7%
Net debt — — — (132) (103) (397) (291) (191) (366) (385) (666) +19.5%
Shareholders’ equity — — — 116 176 480 480 529 665 869 1,226 +39.9%
Returns, %
Returns, % ROA — — — (47.75) (10.35) (7.84) (17.25) (13.61) (3.61) 5.50 25.37 +53.3 pt
ROIC — — — 0.00 (24.75) (29.83) (40.10) (21.11) (8.15) 10.00 25.51 +10.0 pt
ROE — — — 31.91 16.36 (28.81) (23.74) (23.35) (6.19) 8.86 35.95 (23.0) pt
People
People Employees — — — — 1,600 1,800 2,700 2,700 2,800 3,200 — +14.9%
Revenue/emp, $m — — — 0.00 0.16 0.25 0.24 0.35 0.45 0.51 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Remitly Global, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ACIW ACI Worldwide, Inc. $6.0B 36.1× 21.6× −11.52% (below 0%: shrinking) −63.64% (below 0%: shrinking) +74.53% (above 0%: growing) 45.78% 12.27% Compare
BOX Box, Inc. $6.0B 60.7× 109× +9.23% (above 0%: growing) +66.67% (above 0%: growing) +65.84% (above 0%: growing) 79.08% 10.16% Compare
WEX WEX Inc. $5.9B 15.3× 14.8× +12.76% (above 0%: growing) +69.05% (above 0%: growing) −117.04% (below 0%: shrinking) 63.16% 30.61% Compare
MBGL Mobility Global Inc. $5.9B — — — — — 71.37% 17.52% Compare
VRNS Varonis Systems, Inc. $5.6B — (loss-making) — (loss-making) +17.26% (above 0%: growing) n/m −10.99% (below 0%: shrinking) 75.25% (25.18%) Compare
BB BlackBerry Limited $4.9B 62.9× 60.2× +26.00% (above 0%: growing) +200.00% (above 0%: growing) +1,470.59% (above 0%: growing) 77.83% 20.58% Compare
DOX Amdocs Limited $4.7B 10.4× 11.4× +2.66% (above 0%: growing) −57.55% (below 0%: shrinking) −18.84% (below 0%: shrinking) 39.76% 8.90% Compare
TENB Tenable Holdings, Inc. $4.6B 333× 222× +9.49% (above 0%: growing) +400.00% (above 0%: growing) +24.39% (above 0%: growing) 77.81% 6.05% Compare
RELY Remitly Global, Inc. $4.6B 12.5× 16.3× +21.54% (above 0%: growing) +700.00% (above 0%: growing) +197.33% (above 0%: growing) 0.00% 13.61%
Median of peers $5.7B 48.4× 40.9× +9.49% +67.86% +24.39% 73.31% 11.22%

All 183 Software Infrastructure stocks →

Pay and ownership Proxy statement filed 24 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 296.10k 358.60k 28.00
2024 296.10k (689.48k) 47.00
2023 291.15k 7.45m 40.00
2022 293.13k (14.68m) 24.00
2021 8.68m 30.81m 43.00

Ownership

Directors and executive officers, together 6.53%
MIH Fintech Investments B.V. 6.38%
Baillie Gifford & Co. 5.53%
BlackRock, Inc. 5.36%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Remitly Global, Inc. (RELY) Latest News

5 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · Zacks
Impact 3 · · MarketBeat
Impact 3 · · GuruFocus.com

4 Nov

Impact 4 · · GlobeNewswire
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · StockStory

21 Oct

Impact 3 · · GlobeNewswire

16 Oct

Impact 4 · · StockStory

12 Oct

Impact 3 · · Simply Wall St.

5 Oct

Impact 3 · · StockStory

2 Oct

Impact 4 · · MarketBeat

26 Sep

Impact 4 · · Simply Wall St.
Impact 4 · · The Motley Fool

24 Sep

Impact 4 · · TIKR

9 Sep

Impact 3 ·

4 Sep

Impact 3 ·

21 Aug

Impact 3 ·

19 Aug

Impact 3 ·

18 Aug

Impact 3 ·

17 Aug

Impact 3 ·
Impact 3 ·

13 Aug

Impact 3 · · The Motley Fool

12 Aug

Impact 4 · · The Motley Fool transcript

10 Aug

Impact 4 · · MarketBeat

8 Aug

Impact 4 ·
Impact 3 ·
Impact 3 ·

6 Aug

Impact 3 · · The Motley Fool

RELY metrics, ten years each

stockrow.com/RELY · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com