Added to YB: 2025-08-12
Pitch date: 2025-08-10
RELY [bullish]
Remitly Global, Inc.
-22.38%
current return
Author Info
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Company Info
Remitly Global, Inc. engages in the provision of digital financial services in the United States, Canada, and internationally.
Market Cap
$3.2B
Pitch Price
$18.88
Price Target
N/A
Dividend
N/A
EV/EBITDA
47.75
P/E
161.60
EV/Sales
1.78
Sector
Financial Services
Category
turnaround
Show full summary:
Remitly Global: Taming The Narrative (Q2 Earnings Update) $RELY
RELY: Trading at $16 from $30 on stablecoin/deportation fears despite 40% send volume growth, 34% revenue growth to $412M, 24% customer growth to 8.5M, 16% adj EBITDA margin, positive FCF/GAAP income. $1.61B 2025 revenue guidance with 20% margin potential. Launching small business services & Remitly One membership.
Read full article (3 min)