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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. In the quarter to June 2026, revenue grew 20.2%, EPS grew 3,166.7%, free cash flow grew 197.3% and total debt rose 13.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

24.16 0.49 −1.99%
Market cap
$5.2B
P/E
16.7×
Fwd P/E
28.8×
Dividend yield
—
F-score
7/9
Altman Z
4.50
Beneish M
−3.11
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 234.18
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 2 3 — 3 7 8 9 3 2 9 2 1
Insider Ownership 8.20%

Capital & Financial Ratios $m

Market Cap 5,220.00
Revenue 1,809.63
Net Income 305.01
Free Cash Flow 375.10
Net Debt (673.37)
Current Ratio 3.18 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 16.66
Fwd P/E 28.80
P/S ratio 2.81
P/B ratio 4.52
Past 5Y EPS Growth —
This Y EPS Growth 350.82% (at or above 15%: strong)
Next Y EPS Growth (23.63%) (below 0%: weak)
Next Y revenue growth 21.52% (at or above 10%: strong)
Next 5Y EPS Growth 62.21% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.5×, against a ten-year median of 2.5×; over the ten years it ranged from 0.6× in 2022 to 5.4× in 2023.
P/S against its own 10 years 45.05%
10-year low 10-year high
P/B against its own 10 years 48.46%
10-year low 10-year high
EV/Sales against its own 10 years 53.69%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 324 368 542 676
Receivables 379 194 286 322
Inventory — — — —
Other — — — —
932 898 1,316 1,286
2023 2024 2025 Q'26
Payables 35 16 28 40
ST’ Debt 2 2 3 3
Other 177 189 220 196
367 329 399 404

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%

Revenue $m

Mar Jun Sep Dec Year
’26 453 495 — — —
’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 (27) 112
’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 (32) 94
’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.

EPS $

Mar Jun Sep Dec Year
’26 0.23 0.93 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — 17.10 6.66 10.86 11.60 12.08

Analyst estimates 2026–2028

Powerpack
High — — — — — 53.65 20.95 27.95 23.11 27.32
People
People Employees — — — — 1,600 1,800 2,700 2,700 2,800 3,200
Revenue/emp, $m — — — 0.00 0.16 0.25 0.24 0.35 0.45 0.51
Income, $m
Income, $m Revenue — — — 127 257 459 654 944 1,264 1,635
Gross margin, % — — — 42.08 47.13 48.29 49.98 56.41 59.21 60.21
EBT — — — (51) (31) (38) (113) (112) (30) 72
EBT margin, % — — — (40.40) (12.22) (8.22) (17.29) (11.85) (2.39) 4.38
Net income — 0 — (51) (33) (39) (114) (118) (37) 68
Depreciation — — — 3 4 5 7 14 16 47
Per share, $
Per share, $ Revenue — — — 5.94 11.97 7.55 3.90 5.22 6.49 7.94
Earnings — — — (2.41) (1.52) (0.64) (0.68) (0.65) (0.19) 0.33
Cash flow — — — 0.40 (5.32) (0.30) (0.65) 0.37 0.57 1.58
Capex — — — (0.34) (0.20) (0.07) (0.04) (0.05) (0.09) (0.20)
Free cash flow — — — 0.06 (5.53) (0.38) (0.69) 0.32 0.48 1.38
Book value — — — 5.45 8.22 7.91 2.86 2.93 3.42 4.22
Shares, m — — — 21 21 61 168 181 195 206
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 0.00 0.00 0.00 0.00 41.82
P/S — — — 3.25 3.25 2.73 2.89 3.64 3.48 1.74
P/B — — — 0.00 0.00 2.61 3.94 6.49 6.60 3.27
EV/Sales — — — 2.77 2.77 1.86 2.45 3.44 3.20 1.50
EV/FCF — — — (92.60) (92.60) (37.30) (13.82) 56.23 43.05 8.67
Cash, $m
Cash, $m Operating cash flow — — — 8 (114) (18) (109) 67 112 325
Capex — — — (7) (4) (5) (7) (9) (18) (42)
Free cash flow — — — 1 (119) (23) (116) 58 94 283
Balance, $m
Balance, $m Working capital — — — 104 164 466 460 565 569 917
Total debt — — — 50 84 6 9 132 2 158
Net debt — — — (132) (103) (397) (291) (191) (366) (385)
Shareholders’ equity — — — 116 176 480 480 529 665 869
Returns, %
Returns, % ROA — — — (47.75) (10.35) (7.84) (17.25) (13.61) (3.61) 5.50
ROIC — — — 0.00 (24.75) (29.83) (40.10) (21.11) (8.15) 10.00
ROE — — — 31.91 16.36 (28.81) (23.74) (23.35) (6.19) 8.86
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
WEX WEX Inc. $6.2B 17.9× 12.5× +14.24% (above 0%: growing) +58.08% (above 0%: growing) −152.65% (below 0%: shrinking) 61.54% 26.94% Compare
VRNS Varonis Systems, Inc. $5.4B — (loss-making) — (loss-making) +18.31% (above 0%: growing) n/m +15.62% (above 0%: growing) 75.27% (22.57%) Compare
BOX Box, Inc. $5.4B 54.9× 64.3× +9.23% (above 0%: growing) +66.67% (above 0%: growing) +65.84% (above 0%: growing) 79.08% 10.16% Compare
ACIW ACI Worldwide, Inc. $5.3B 24.0× 17.0× +7.27% (above 0%: growing) +158.33% (above 0%: growing) +35.07% (above 0%: growing) 42.18% 10.37% Compare
RELY Remitly Global, Inc. $5.2B 16.7× 28.8× +20.23% (above 0%: growing) +3,166.67% (above 0%: growing) +197.33% (above 0%: growing) 62.07% 13.47%
BB BlackBerry Limited $5.1B 59.9× 67.1× +26.00% (above 0%: growing) +200.00% (above 0%: growing) +1,470.59% (above 0%: growing) 77.83% 20.58% Compare
BLSH Bullish $4.8B — (loss-making) — (loss-making) −44.34% (below 0%: shrinking) n/m +2.25% (above 0%: growing) 0.25% (0.87%) Compare
CORZ Core Scientific, Inc. $4.6B — (loss-making) — (loss-making) +108.83% (above 0%: growing) n/m −852.12% (below 0%: shrinking) 42.66% (47.79%) Compare
TENB Tenable Holdings, Inc. $4.3B 701× 245× +8.58% (above 0%: growing) n/m +4.67% (above 0%: growing) 77.53% 4.61% Compare
Median of peers $5.2B 54.9× 64.3× +11.74% +112.50% +10.15% 68.41% 7.39%

All 173 Software Infrastructure stocks →

Remitly Global, Inc. (RELY) key facts

  • Strength: Remitly Global, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 29.4% from fiscal 2024.
  • Remitly Global, Inc. (RELY) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, RELY traded at $24.16, a market capitalization of $5.2 billion.
  • Return on equity was 8.86% and debt-to-equity 0.00.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.50 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Remitly Global, Inc. (RELY) Latest News

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stockrow.com/RELY · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com