Added to YB: 2025-11-11
Pitch date: 2025-11-06
RELY [neutral]
Remitly Global, Inc.
+14.09%
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
$3.1B
Pitch Price
$12.35
Price Target
N/A
Dividend
N/A
EV/EBITDA
45.64
P/E
155.44
EV/Sales
1.70
Sector
Financial Services
Category
N/A
Remitly: Investigated and shutting down
RELY (sold): Q3 rev growth decelerated to 25% YoY (vs prior 35%+), 2026 guidance shows further slowdown to high teens. SG&A accelerating, COGS growing same pace as revenue = declining FCF/margins despite scale. At 27x 2025 EBITDA, valuation unattractive for slowing growth story.
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