Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
RELY
Upturn stock ratingUpturn stock rating

Remitly Global Inc (RELY)

Upturn stock ratingUpturn stock rating
$18.35
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

07/08/2025: RELY (2-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

12 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $27.79

1 Year Target Price $27.79

Analysts Price Target For last 52 week
$27.79 Target price
52w Low $12.33
Current$18.35
52w High $27.32

Analysis of Past Performance

Type Stock
Historic Profit 37.46%
Avg. Invested days 57
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/08/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.78B USD
Price to earnings Ratio -
1Y Target Price 27.79
Price to earnings Ratio -
1Y Target Price 27.79
Volume (30-day avg) 12
Beta 0.18
52 Weeks Range 12.33 - 27.32
Updated Date 07/8/2025
52 Weeks Range 12.33 - 27.32
Updated Date 07/8/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.03

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-06-12
When After Market
Estimate -0.14
Actual 0.1939

Profitability

Profit Margin -0.34%
Operating Margin (TTM) 3.38%

Management Effectiveness

Return on Assets (TTM) -0.36%
Return on Equity (TTM) -0.71%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 3302803123
Price to Sales(TTM) 2.78
Enterprise Value 3302803123
Price to Sales(TTM) 2.78
Enterprise Value to Revenue 2.43
Enterprise Value to EBITDA 116.64
Shares Outstanding 203859008
Shares Floating 167047846
Shares Outstanding 203859008
Shares Floating 167047846
Percent Insiders 5.57
Percent Institutions 80.33

ai summary icon Upturn AI SWOT

Remitly Global Inc

stock logo

Company Overview

overview logo History and Background

Remitly Global Inc. was founded in 2011 with the mission of transforming the lives of immigrants and their families by providing the most trusted financial service products in the world. It started as BeamIt Mobile Payments and has grown into a global remittances platform.

business area logo Core Business Areas

  • Global Remittances: Remitly enables customers to send money online to recipients in other countries through its digital platform.
  • Passbook: Passbook is a banking product designed for immigrants in the U.S., offering features such as debit cards, savings accounts, and bill payment services.
  • Small Business Solutions: Services for small immigrant-owned businesses, including financial products.

leadership logo Leadership and Structure

Matt Oppenheimer is the co-founder and CEO. The company has a typical corporate structure with various departments headed by vice presidents and directors.

Top Products and Market Share

overview logo Key Offerings

  • Global Money Transfers: Remitly's core offering facilitates international money transfers. Estimated market share in the global digital remittance market is approximately 4.7% in 2023. Competitors include Western Union, MoneyGram, Wise, and Xoom (PayPal). Revenue from this product constitutes the vast majority of Remitly's total revenue. Remitly has over 6 million active customers.
  • Passbook: Passbook is a digital banking solution for immigrants. Market share is not publicly available. Competitors include traditional banks and other fintech companies like Chime and Varo.

Market Dynamics

industry overview logo Industry Overview

The global remittance market is large and growing, driven by increasing migration and digitization. The industry is becoming more competitive with the entry of fintech companies offering lower fees and faster transfers.

Positioning

Remitly is positioned as a technology-driven provider focused on serving immigrants. Its competitive advantages include a user-friendly platform, competitive pricing, and a focus on specific corridors.

Total Addressable Market (TAM)

The global remittance market is estimated to be worth over $800 billion. Remitly is positioned to capture a larger share of this market through its focus on digital channels and specific customer segments.

Upturn SWOT Analysis

Strengths

  • Strong brand recognition among immigrants
  • User-friendly digital platform
  • Competitive pricing
  • Focus on specific remittance corridors
  • Strong technology infrastructure

Weaknesses

  • Reliance on remittance corridors exposes them to regulatory risks
  • High customer acquisition costs
  • Vulnerable to fraud and compliance issues
  • Profitability concerns
  • Limited diversification beyond remittances

Opportunities

  • Expanding into new remittance corridors
  • Offering additional financial products (e.g., loans, insurance)
  • Partnering with other financial institutions
  • Acquiring smaller remittance companies
  • Leveraging data analytics to improve customer experience

Threats

  • Increased competition from established players and new entrants
  • Fluctuations in exchange rates
  • Changes in regulatory environment
  • Economic downturns impacting remittance flows
  • Cybersecurity risks

Competitors and Market Share

competitor logo Key Competitors

  • WU
  • MGAM
  • PYPL

Competitive Landscape

Remitly competes with traditional remittance providers (Western Union, MoneyGram) and other fintech companies (Wise, Xoom). Remitly's advantages include its focus on digital channels, competitive pricing, and a user-friendly platform.

Major Acquisitions

Charged

  • Year: 2023
  • Acquisition Price (USD millions): 0
  • Strategic Rationale: Provides fraud mitigation tools to improve compliance and security.

Growth Trajectory and Initiatives

Historical Growth: Remitly has experienced rapid growth in recent years, driven by the increasing adoption of digital remittance services.

Future Projections: Analysts expect Remitly to continue to grow rapidly in the coming years, driven by the increasing adoption of digital remittance services. However, profitability remains a key concern.

Recent Initiatives: Expanding into new markets, launching new products (e.g., Passbook), and investing in technology.

Summary

Remitly is a fast-growing company disrupting the global remittance market with its digital platform. While revenue growth is strong, profitability remains a key challenge. The company faces increasing competition and regulatory risks, but also has significant opportunities to expand its product offerings and market reach. Its strong brand among immigrants and user-friendly platform should help it continue to gain market share, but it must keep improving its efficiency and manage risks effectively.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings
  • Market Research Reports
  • Analyst Estimates

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on your own due diligence.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Remitly Global Inc

Exchange NASDAQ
Headquaters Seattle, WA, United States
IPO Launch date 2021-09-23
Co-Founder, CEO, President & Director Mr. Matthew B. Oppenheimer
Sector Technology
Industry Software - Infrastructure
Full time employees 2800
Full time employees 2800

Remitly Global, Inc. engages in the provision of digital financial services in the United States, Canada, and internationally. It offers cross-border remittances and complementary financial services through mobile application and website. Remitly Global, Inc. was incorporated in 2011 and is headquartered in Seattle, Washington.