📊 RELY Key Takeaways
Is RELY a Good Investment? Thesis Analysis
Remitly demonstrates exceptional operational leverage with net income growth of 283.7% YoY despite 29.4% revenue growth, indicating margin expansion and path to profitability. The company generates substantial free cash flow ($295.7M, 18.1% FCF margin) with conservative leverage (0.18x D/E) and fortress-like balance sheet, providing financial flexibility for continued investment and shareholder returns.
Why Buy RELY? Key Strengths
- Exceptional earnings growth (283.7% YoY) demonstrating operational leverage and margin expansion
- Strong free cash flow generation ($295.7M) with 18.1% FCF margin from capital-light business model
- Fortress balance sheet with 3.30x current ratio, $542.4M cash (36% of assets), and minimal leverage (0.18x D/E)
RELY Investment Risks to Consider
- Thin operating margins (4.7%) and modest returns on equity (7.8%) indicating limited pricing power or competitive pressures
- Mature competitive market with established incumbents and increasing fintech competition
- Exposure to currency fluctuations and regulatory changes in international remittance markets
Key Metrics to Watch
- Operating margin expansion trajectory - path to sustainable 8-10% range
- Free cash flow sustainability and conversion rate - monitor if FCF margin stays above 15%
- Return on equity improvement - target movement toward 12-15% as platform matures
RELY Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 3.30x current ratio provides a solid financial cushion.
RELY Profitability Ratios
RELY vs Default Sector
How Remitly Global, Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is RELY Overvalued or Undervalued?
Based on fundamental analysis, Remitly Global, Inc. has mixed fundamental signals relative to the Default sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
RELY Balance Sheet & Liquidity
RELY 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: Remitly Global, Inc.'s revenue has grown significantly by 257% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.65 indicates the company is currently unprofitable.
RELY Growth Metrics (YoY)
RELY Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $336.5M | $1.9M | $0.01 |
| Q2 2025 | $306.4M | $6.5M | $0.03 |
| Q1 2025 | $269.1M | $11.4M | $0.05 |
| Q3 2024 | $241.6M | $1.9M | $0.01 |
| Q2 2024 | $234.0M | -$12.1M | $-0.06 |
| Q1 2024 | $203.9M | -$21.1M | $-0.11 |
| Q3 2023 | $169.3M | -$18.9M | $-0.20 |
| Q2 2023 | $157.3M | -$18.9M | $-0.11 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
RELY Capital Allocation
RELY SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for Remitly Global, Inc. (CIK: 0001782170)
📋 Recent SEC Filings
❓ Frequently Asked Questions about RELY
What is the AI rating for RELY?
Remitly Global, Inc. (RELY) has an AI rating of BUY with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are RELY's key strengths?
Claude: Exceptional earnings growth (283.7% YoY) demonstrating operational leverage and margin expansion. Strong free cash flow generation ($295.7M) with 18.1% FCF margin from capital-light business model.
What are the risks of investing in RELY?
Claude: Thin operating margins (4.7%) and modest returns on equity (7.8%) indicating limited pricing power or competitive pressures. Mature competitive market with established incumbents and increasing fintech competition.
What is RELY's revenue and growth?
Remitly Global, Inc. reported revenue of $1.6B.
Does RELY pay dividends?
Remitly Global, Inc. does not currently pay dividends.
Where can I find RELY SEC filings?
Official SEC filings for Remitly Global, Inc. (CIK: 0001782170) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is RELY's EPS?
Remitly Global, Inc. has a diluted EPS of $0.31.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is RELY a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Remitly Global, Inc. has a BUY rating with 78% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is RELY stock overvalued or undervalued?
Valuation metrics for RELY: ROE of 7.8% (sector avg: 15%), net margin of 4.2% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy RELY stock in 2026?
Our dual AI analysis gives Remitly Global, Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is RELY's free cash flow?
Remitly Global, Inc.'s operating cash flow is $325.1M, with capital expenditures of $29.4M. FCF margin is 18.1%.
How does RELY compare to other Default stocks?
Vs Default sector averages: Net margin 4.2% (avg: 12%), ROE 7.8% (avg: 15%), current ratio 3.30 (avg: 1.8).