Remitly Global, Inc. (RELY) Stock

Remitly Global, Inc. (RELY) is a Technology stock trading at $26.68 (as of 2026-08-21), with a market capitalization of $5.62B and a trailing P/E of 74.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Remitly Global, Inc. provides digital financial services focused on cross-border remittances for immigrants and their families. The company offers remittance services to customers in approximately 150 countries, serving individuals and families sending money internationally.

Understand Remitly Global, Inc.: how it makes money

Remitly Global provides digital cross-border remittance services for immigrants and their families, earning money by charging for money transfers across international routes in approximately 150 countries.

Operating results are closely tied to Revenue-less transaction expense (RLTE), because transaction expenses are deducted from revenue before profit is generated.

Business quality (Solid): Limited dataset, only one-quarter revenue and operating margin are provided, and there is no clean reportable segment breakdown in the inputs.

Valuation: Trades at 46× trailing earnings · $5B market cap.

Bull case

  • Focus on cross-border remittances at scale: The company primarily offers digital remittance services in approximately 150 countries, targeting immigrants and their families.
  • Profitability indicator is provided: For the latest reported period, operating margin is 11.9%, indicating the business is generating operating profit after expenses.

Bear case

  • Revenue depends on cross-border transfer activity across many routes: Because the service is tied to international remittances in approximately 150 countries, changes in customer behavior or route conditions could impact results.
  • Transaction expenses can pressure profit: RLTE explicitly reflects that transaction expense reduces revenue, so higher transaction expense relative to revenue would weigh on operating performance.
Valuation — source: SEC EDGAR (first-party)
Price$26.68
Market Cap$5.62B
P/E Ratio74.1
EV / EBITDA42.6
Price / Book6.19
Price / Sales3.41
FCF Yield8.8%
DCF Value (model)$37.82
DCF Upside vs Price41.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.64B
Net Margin4.2%
Revenue Growth (YoY)29.4%
EPS Growth (YoY)-273.7%
FCF Growth (YoY)56.9%
Financial Health — source: SEC EDGAR
Altman Z-Score7.32 (safe)
Valuation vs Sector & Industry
Stock P/E74.1
Sector P/E (Technology)33.9
Industry P/E (Business Services)29.9
vs Sector119.0%
vs Industry148.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($230.12M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOMatthew Oppenheimer
Employees2,800
CountryUS
IPO Date2021-09-23

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RELY earnings history · RELY institutional & insider holders · RELY KPIs & operating metrics · RELY financials · RELY investor presentations & press releases · RELY SEC filings · RELY peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.