# Remitly Global (RELY.US)

Canonical: https://gigainvestors.com/s/RELY

Analysis as of: 2026-10-16T07:31:31.016Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $24.65 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Matthew McLennan](https://gigainvestors.com/FE): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 8% since Oct 2023 · "RELY Q3 Deep Dive: Mixed Guidance Weighs on Strong Product and Customer Momentum" (finance.yahoo.com, Nov 2025)

Story as of 2026-10-16T09:59:29.255Z; price observation 2026-10-15.

- 2025-05-07: Remitly Reports First Quarter 2025 Results Above Outlook and Raises Full Year 2025 Outlook ([finance.yahoo.com](https://finance.yahoo.com/news/remitly-reports-first-quarter-2025-200500224.html))

- 2025-08-06: Remitly Reports Second Quarter 2025 Results Above Outlook and Raises Full Year 2025 Outlook ([finance.yahoo.com](https://finance.yahoo.com/news/remitly-reports-second-quarter-2025-200500980.html))

- 2025-11-06: RELY Q3 Deep Dive: Mixed Guidance Weighs on Strong Product and Customer Momentum ([finance.yahoo.com](https://finance.yahoo.com/news/rely-q3-deep-dive-mixed-141544495.html))

- 2025-12-21: Remitly Global (RELY): Firm Expects 28% YoY Growth ([finance.yahoo.com](https://finance.yahoo.com/news/remitly-global-rely-firm-expects-140148690.html))

- 2026-02-20: Remitly Global (RELY) Soars 25.9% on Leadership Changes, Strong Earnings ([finance.yahoo.com](https://finance.yahoo.com/news/remitly-global-rely-soars-25-093353034.html))

- 2026-08-05: Remitly Reports Record Second Quarter Results and Raises Full Year 2026 Outlook ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/remitly-reports-record-second-quarter-200500874.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in software infrastructure; annual sales are USD 1.6 billion.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2016-02-25); FY2025: revenue 1635147000; grossProfit 934373000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); RELY.US: Remitly Global, Inc., a cross-border payment company 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.

### Why customers stay

Margins ranged from 56.4% to 59.2% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2016-02-25); FY2023: grossProfit / revenue = 56.4%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2016-02-25); FY2024: grossProfit / revenue = 59.2%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2016-02-25); FY2025: grossProfit / revenue = 57.1%.

### Where the cash goes

Paid dividends in 1 of 6 years; bought back USD 50.8 million of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2016-02-25); FY2025: growth capex 0; upkeep 29431000; cash acquisitions 0; owner earnings 85263000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2016-02-25); Dividend observations: [[2020,0],[2021,0],[2022,99000],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2016-02-25); FY2025: cash repurchases 50803000 USD.

### Are managers owners

Insiders own 5.3% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); RELY.US SharesStats.PercentInsiders = 5.319999999999999 percentage points; cache date 2026-10-16.

### What the price says

The price is 3.3 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2016-02-25); Closing price 24.65 USD; reporting-to-trading FX 1; FY2025 annual sales per share 7.515502052728839; price multiple 3.279887335144791. FY2025 cash earnings/share 0.3918878556617961. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2021-09: $36.70 per share

- 2021-10: $30.62 per share

- 2021-11: $24.06 per share

- 2021-12: $20.62 per share

- 2022-01: $12.17 per share

- 2022-02: $10.95 per share

- 2022-03: $9.87 per share

- 2022-04: $11.10 per share

- 2022-05: $10.95 per share

- 2022-06: $7.66 per share

- 2022-07: $9.53 per share

- 2022-08: $11.00 per share

- 2022-09: $11.12 per share

- 2022-10: $11.62 per share

- 2022-11: $10.46 per share

- 2022-12: $11.45 per share

- 2023-01: $12.06 per share

- 2023-02: $14.63 per share

- 2023-03: $16.95 per share

- 2023-04: $16.80 per share

- 2023-05: $18.34 per share

- 2023-06: $18.82 per share

- 2023-07: $19.28 per share

- 2023-08: $25.15 per share

- 2023-09: $25.22 per share

- 2023-10: $26.93 per share

- 2023-11: $21.54 per share

- 2023-12: $19.42 per share

- 2024-01: $17.14 per share

- 2024-02: $20.62 per share

- 2024-03: $20.74 per share

- 2024-04: $17.83 per share

- 2024-05: $13.00 per share

- 2024-06: $12.12 per share

- 2024-07: $13.21 per share

- 2024-08: $13.65 per share

- 2024-09: $13.39 per share

- 2024-10: $17.98 per share

- 2024-11: $20.56 per share

- 2024-12: $22.57 per share

- 2025-01: $23.50 per share

- 2025-02: $24.00 per share

- 2025-03: $20.80 per share

- 2025-04: $20.22 per share

- 2025-05: $21.36 per share

- 2025-06: $18.77 per share

- 2025-07: $16.50 per share

- 2025-08: $18.53 per share

- 2025-09: $16.30 per share

- 2025-10: $16.04 per share

- 2025-11: $13.55 per share

- 2025-12: $13.80 per share

- 2026-01: $13.22 per share

- 2026-02: $16.70 per share

- 2026-03: $15.67 per share

- 2026-04: $21.89 per share

- 2026-05: $20.02 per share

- 2026-06: $22.41 per share

- 2026-07: $22.77 per share

- 2026-08: $26.74 per share

- 2026-09: $21.34 per share

- 2026-10: $24.65 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1416792/000156459016013394/rlyp-10k_20151231.htm); period 2015-12-31, filed 2016-02-25.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.