Remitly Global, Inc.(RELY) Stock Research - Grey Stern Research

Remitly Global, Inc. (RELY) Stock Analysis

$13.92 (2.35%)

RELY Financial Performance


Use the table below to view Remitly Global, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q1 - 2024

Metric Value Ranking among Peers
Price $13.92 -
52 Week Low $11.60 -
52 Week High $27.95 -
Market Cap $2.7 Billion 5/16
Gross Margin 67% 6/16
Profit Margin -8% 13/16
EBITDA margin -6% 14/16
Q1 - 2024 Revenue $269.1 Million 3/16
Q1 - 2024 Earnings -$21.1 Million 15/16
Q1 - 2024 Free Cash Flow -$57.8 Million 16/16
Trailing 4 Quarters Revenue $1.0 Billion 5/16
Trailing 4 Quarters Earnings -$110.6 Million 16/16
Quarterly Earnings Growth 26% 6/16
Annual Earnings Growth -28% 14/16
Quarterly Revenue Growth 32% 1/16
Annual Revenue Growth 30% 3/16
Cash On Hand $286.0 Million 4/16
Short Term Debt $8.2 Million 9/16
Long Term Debt $155.3 Million 11/16

Remitly Global, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Remitly Global, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE -1.00 12/16
PS 2.65 7/16
PB 4.88 5/16
PC 9.37 12/16
Liabilities to Equity 0.96 7/16
ROA -0.10 14/16
ROE -0.20 13/16
Current Ratio 2.04 9/16
Quick Ratio 1.37 5/16
Long Term Debt to Equity 0.28 10/16
Debt to Equity 0.30 10/16
Burn Rate 9.75 5/16
Cash to Cap 0.11 4/16
CCR 2.74 4/16
EV to EBITDA -148.89 15/16
EV to Revenue 2.53 12/16

Company Details

Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 150 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.

CEO:

Website: https://www.remitly.com/us/en

Address: 111 Third Avenue Seattle, WA

Exchange: NASDAQ Global Select

Industry: Software—Infrastructure

Remitly Global, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Remitly Global, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Verint Systems Inc. VRNT $2.2 Billion
SecureWorks Corp. SCWX $638.3 Million
CSG Systems International, Inc. CSGS $1.4 Billion
EVERTEC, Inc. EVTC $2.2 Billion
ACI Worldwide, Inc. ACIW $4.5 Billion
SPS Commerce, Inc. SPSC $7.7 Billion
i3 Verticals, Inc. IIIV $585.3 Million
Couchbase, Inc. BASE $998.1 Million
Global Blue Group Holding AG GB $919.4 Million
Flywire Corporation FLYW $2.3 Billion
EverCommerce Inc. EVCM $2.2 Billion
Sterling Check Corp. STER $1.5 Billion
EngageSmart, Inc. ESMT $3.9 Billion
CCC Intelligent Solutions Holdings Inc. CCCS $6.9 Billion
Consensus Cloud Solutions, Inc. CCSI $433.6 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
RELY Income Statements
Quarter Year Revenue Earnings
Q1 2024 $ 269.1 Million -$21.1 Million
Q4 2023 $ 264.8 Million -$35.0 Million
Q3 2023 $ 241.6 Million -$35.7 Million
Q2 2023 $ 234.0 Million -$18.9 Million
Q1 2023 $ 203.9 Million -$28.3 Million
Q4 2022 $ 191.0 Million -$19.4 Million
Q3 2022 $ 169.3 Million -$33.1 Million
Q2 2022 $ 157.3 Million -$38.2 Million

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RELY Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q1 2024 $286.0 Million $1.1 Billion $163.5 Million $549.4 Million
Q4 2023 $323.7 Million $1.0 Billion $143.0 Million $529.3 Million
Q3 2023 $223.3 Million $832.8 Million $13.5 Million $525.8 Million
Q2 2023 $227.5 Million $784.5 Million $49.3 Million $515.7 Million
Q1 2023 $244.2 Million $715.2 Million $16.8 Million $495.4 Million
Q4 2022 $300.6 Million $696.0 Million $9.2 Million $480.1 Million
Q3 2022 $376.5 Million $690.3 Million $9.8 Million $466.5 Million
Q2 2022 $429.7 Million $728.1 Million $10.7 Million $467.2 Million

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RELY Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q1 2024 -$57.8 Million -$945,000 -$36.1 Million
Q4 2023 $9.8 Million $0 $9.8 Million
Q3 2023 $29.7 Million -$2.6 Million -$4.2 Million
Q2 2023 -$53.7 Million -$1.8 Million -$16.4 Million
Q1 2023 -$1.7 Million -$2.2 Million -$56.1 Million
Q4 2022 -$79.8 Million -$2.4 Million -$75.8 Million
Q3 2022 -$55.3 Million -$1.5 Million -$53.2 Million
Q2 2022 -$15.8 Million -$1.6 Million -$14.9 Million

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