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RELY

Remitly Global, Inc.

RELY

Remitly Global, Inc. • NASDAQ
$13.54 ▲ 1.46% (+0.20)
Market Cap $2.83 B
52w High $27.32
52w Low $12.08
Dividend Yield 0%
P/E 150.5
Volume 1.24M
Outstanding Shares 209.05M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $419.494M ▲ $234.606M ▲ $8.829M ▲ 2.105% ▲ $0.04 ▲ $25.347M ▲
Q2-2025 $411.852M ▲ $228.379M ▲ $6.536M ▼ 1.587% ▼ $0.032 ▼ $16.09M ▼
Q1-2025 $361.624M ▲ $205.425M ▼ $11.352M ▲ 3.139% ▲ $0.06 ▲ $21.637M ▲
Q4-2024 $351.895M ▲ $215.237M ▲ $-5.724M ▼ -1.627% ▼ $-0.029 ▼ $1.646M ▼
Q3-2024 $336.527M $198.813M $1.917M 0.57% $0.01 $9.182M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $476.896M ▼ $1.214B ▲ $416.517M ▲ $797.167M ▲
Q2-2025 $515.896M ▲ $1.166B ▲ $401.249M ▲ $764.922M ▲
Q1-2025 $493.905M ▲ $1.101B ▲ $377.11M ▲ $723.476M ▲
Q4-2024 $368.097M ▲ $1.013B ▲ $347.4M ▲ $665.471M ▲
Q3-2024 $324.434M $970.43M $339.607M $630.823M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $8.829M ▲ $1.37M ▼ $-19.017M ▼ $-19.804M ▼ $-39.08M ▼ $1.527M ▼
Q2-2025 $6.536M ▼ $41.191M ▼ $-15.653M ▲ $-10.97M ▼ $22.023M ▼ $25.538M ▼
Q1-2025 $11.352M ▲ $132.903M ▲ $-16.912M ▼ $7.071M ▲ $125.79M ▲ $115.991M ▲
Q4-2024 $-5.724M ▼ $55.635M ▼ $-5.222M ▼ $1.459M ▲ $43.376M ▼ $50.413M ▼
Q3-2024 $1.917M $146.759M $-3.91M $-10.268M $137.751M $142.849M

Revenue by Products

Product Q4-2017Q1-2025Q2-2025Q3-2025
Reportable Segment
Reportable Segment
 $0 ▲$360.00M ▲$410.00M ▲$420.00M ▲
Real Alloy Europe
Real Alloy Europe
 $110.00M ▲$0 ▼$0 ▲$0 ▲
Real Alloy North America
Real Alloy North America
 $210.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been climbing steadily every year, showing that customer adoption and volume are growing at a strong pace. The company has been able to turn more of that revenue into gross profit over time, which indicates improving unit economics and scale benefits. That said, the business is still not consistently profitable on a net income basis, although losses have been shrinking and operating performance is moving closer to break-even. Overall, the income statement tells a story of a fast-growing company that is still in the investment phase but clearly trending toward better profitability.

Balance Sheet

Balance Sheet The balance sheet looks relatively solid for a growth-oriented technology company. Total assets have grown meaningfully, supported by a sizable cash position. Debt levels appear modest compared with the overall size of the business, which reduces financial risk and interest burden. Shareholders’ equity has been building over time, reflecting capital raised and the accumulation of the company’s net assets. In simple terms, Remitly has a healthy financial foundation with good liquidity and limited leverage to support its growth plans.

Cash Flow

Cash Flow Cash generation has improved notably. After several years of cash outflows from operations, the company has shifted to producing positive operating cash flow, which is an important milestone for any young tech firm. Free cash flow has also turned positive, helped by relatively light spending on physical assets and infrastructure. This suggests the core business is becoming more self-sustaining and less dependent on external funding, though continued consistency in cash generation will be important to watch.

Competitive Edge

Competitive Edge Remitly operates in a competitive and price-sensitive remittance market but has built a differentiated position as a digital-first, mobile-focused platform. Its strengths lie in a trusted brand among immigrant communities, a large global payout network, and expertise in specific send-receive corridors. Licensing and regulatory approvals across many jurisdictions form an additional barrier for new entrants. However, the company still faces intense competition from both traditional money transfer operators and other digital players, so maintaining customer trust, pricing discipline, and service quality remains critical to its competitive standing.

Innovation and R&D

Innovation and R&D The company is leaning heavily on technology and product innovation to stand out. It uses machine learning to detect fraud, artificial intelligence to speed up customer support, and deep integrations with mobile and messaging platforms like WhatsApp to simplify transfers. Beyond basic remittances, it is expanding into specialized services, business payments, subscriptions, and potentially stablecoin-based transfers, and is exploring wallet-like products that could broaden its role in customers’ financial lives. This ongoing product and technology investment is central to its strategy to deepen customer relationships and improve margins over time.

Summary

Remitly is a fast-growing digital remittance player that has transitioned from heavy investment and losses toward a more balanced profile with improving margins and positive cash flow, while still reporting accounting losses. Its financial position is relatively strong, with good liquidity and low debt, giving it room to keep investing in growth. The company’s competitive edge comes from its mobile-first platform, trusted brand in key communities, and regulatory and network scale, though it operates in a highly competitive and regulated space. Future performance will hinge on its ability to maintain growth, continue improving profitability, and successfully expand its ecosystem of financial services without losing focus on risk, compliance, and customer trust.

NEWS

November 5, 2025 · 4:06 PM UTC

Remitly to Host Investor Day on December 9, 2025

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September 9, 2025 · 5:00 PM UTC

Remitly Announces Remitly One, A New All-in-One Financial Membership for Global Life

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September 3, 2025 · 4:05 PM UTC

Remitly Announces Upcoming Investor Webinar and Product Event

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