Added to YB: 2026-02-23
Pitch date: 2026-02-20
RELY [neutral]
Remitly Global, Inc.
+35.64%
current return
Author Info
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Company Info
Remitly Global, Inc., a cross-border payment company engages in the provision of digital financial services in the United States, Canada, and internationally.
Market Cap
$5.1B
Pitch Price
$17.03
Price Target
50.00 (+116%)
Dividend
N/A
EV/EBITDA
29.50
P/E
49.45
EV/Sales
2.60
Sector
Financial Services
Category
growth
Why The 300%+ Upside Thesis Is Stronger Than Ever - Remitly Global, Inc.
RELY (update): Q4 blowout: $442M rev (+26% YoY), $88.6M adj EBITDA (20% margin, +98% YoY), $0.39 adj EPS (beat $0.16 est). FY25: $1.6B rev (+29%), $283M FCF (17% margin), first profitable year. 2026 guide: $1.94-1.96B rev, $340-360M EBITDA. Business segment (2x ticket size) + high-amount senders driving growth. New CEO comp tied to $20-50 price targets. ~10% FCF yield, 5-6x 2028 EBITDA in $2T+ digital remittance market
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