Remitly Global, Inc. engages in the provision of digital financial services in the United States, Canada, and internationally. It offers cross-border remittances and complementary financial services through mobile application and website. Remitly Global, Inc. was incorporated in 2011 and is headquartered in Seattle, Washington.
Digital Remittance Pionee | Explore Remitly's innovative approach to cross-border money transfers, driving 34.37% revenue growth and expanding its 3% market share in the global remittance industry |
Financial Milestones | Delve into Remitly's journey towards GAAP profitability, with projected revenue growth of 24-25% and EBITDA margin expansion of 150 basis points for 2025 |
Analyst Optimism | Discover why analysts maintain bullish stances on Remitly, with price targets ranging from $24 to $32, reflecting confidence in the company's growth potential |
Strategic Expansion | Learn about Remitly's geographic diversification efforts, with over 34% of revenue now originating outside the U.S., and its potential to offer additional financial services |
Metrics to compare | RELY | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipRELYPeersSector | |
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P/E Ratio | 278.2x | 13.5x | 9.5x | |
PEG Ratio | 2.49 | 0.12 | 0.03 | |
Price/Book | 5.1x | 2.2x | 1.0x | |
Price / LTM Sales | 2.7x | 2.7x | 2.8x | |
Upside (Analyst Target) | 45.4% | 12.9% | 13.1% | |
Fair Value Upside | Unlock | 13.9% | 1.9% | Unlock |