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About the company
Remitly Global, Inc. is a digital financial services provider for immigrants and their families in over 170 countries around the world. The Company helps customers send money internationally by leveraging digital channels and supporting cross-border transmissions across the globe. The Company’s technology platform is purpose-built to localized consumer experiences, enables a robust network of partner integrations, and uses data to optimize business performance. The Company provides a digital cross-border remittance product that is accessible via its mobile app or the Web. It offers a mobile-centric suite of products, global network, localization expertise at scale and data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. Its global network of funding and disbursement partnerships enables it to complete money transfers in over 5,000 corridors without the need to deploy local operations in each country.
- Revenue in USD (TTM)1.01bn
- Net income in USD-110.61m
- Incorporated2018
- Employees2.70k
- LocationRemitly Global IncRemitly GlobalInc., 1111 3Rd Ave., 21St FloorSEATTLE 98101United StatesUSA
- Phone+1 (206) 535-6152
- Websitehttps://www.remitly.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Enova International Inc | 1.29bn | 172.63m | 1.62bn | 1.68k | 10.73 | 1.42 | 7.68 | 1.25 | 5.56 | 5.56 | 41.45 | 42.06 | 0.3041 | -- | 0.3727 | 770,088.40 | 4.07 | 8.69 | 4.31 | 9.24 | -- | -- | 13.38 | 21.91 | -- | 2.12 | 0.7256 | 0.00 | 10.05 | 4.81 | -15.57 | 26.86 | 22.99 | -- |
| Navient Corp | 1.11bn | 190.00m | 1.63bn | 4.50k | 9.25 | 0.5916 | -- | 1.48 | 1.58 | 1.58 | 9.30 | 24.70 | 0.0176 | -- | 13.10 | 246,000.00 | 0.3017 | 0.624 | 0.3283 | 0.6827 | 105.78 | 109.67 | 17.16 | 32.92 | -- | -- | 0.9523 | 21.01 | -18.81 | -6.66 | -64.65 | -7.46 | -- | 0.00 |
| Federal National Mortgage Association | 142.48bn | -1.00m | 1.81bn | 8.10k | -- | -- | -- | 0.0127 | -0.0002 | -0.0002 | 24.26 | 47.86 | 0.033 | -- | -- | 17,589,880.00 | 0.4156 | 0.3944 | 0.4166 | 0.3954 | 18.15 | 20.57 | 12.60 | 13.35 | -- | -- | 0.9809 | -- | 15.58 | 3.45 | 0.00 | -75.42 | -- | -- |
| Upbound Group Inc | 4.07bn | -24.82m | 1.82bn | 12.97k | -- | 3.15 | 16.23 | 0.4474 | -0.4613 | -0.4613 | 73.40 | 10.59 | 1.52 | 1.80 | 38.75 | 313,979.90 | -0.9248 | 4.70 | -1.27 | 6.72 | 50.22 | 52.73 | -0.6095 | 2.86 | -- | 2.63 | 0.6903 | 63.40 | -5.96 | 8.46 | -141.91 | -- | 13.81 | -- |
| Federal Agricultural Mortgage Corp | 1.47bn | 179.55m | 1.86bn | 185.00 | 10.72 | 1.92 | -- | 1.27 | 16.40 | 16.40 | 134.55 | 136.20 | 0.0511 | -- | 5.49 | 7,963,962.00 | 0.7164 | 0.602 | 1.04 | 0.9443 | 23.86 | 34.22 | 14.03 | 19.97 | -- | -- | 0.9495 | 30.59 | 94.22 | 20.66 | 14.48 | 12.74 | -- | 13.66 |
| Bread Financial Holdings Inc | 4.77bn | 416.00m | 2.05bn | 7.00k | 4.96 | 0.6764 | 3.94 | 0.4298 | 8.33 | 7.93 | 95.64 | 61.13 | 0.2155 | -- | 0.3003 | 681,428.60 | 1.88 | 1.98 | 4.67 | 4.41 | 91.72 | 90.67 | 8.72 | 11.43 | -- | 1.57 | 0.8557 | 13.04 | 11.11 | -3.22 | 229.02 | -4.25 | -24.82 | -18.10 |
| Flywire Corp | 422.84m | -11.10m | 2.14bn | 1.20k | -- | 2.69 | 408.64 | 5.07 | -0.1064 | -0.1064 | 3.51 | 6.42 | 0.5221 | -- | 22.48 | 352,366.70 | -1.37 | -- | -1.68 | -- | 63.31 | -- | -2.63 | -- | -- | -- | 0.00 | -- | 39.30 | -- | 78.23 | -- | -- | -- |
| AvidXchange Holdings Inc | 399.50m | -32.34m | 2.20bn | 1.60k | -- | 3.28 | 513.01 | 5.51 | -0.16 | -0.16 | 1.97 | 3.25 | 0.1964 | -- | 8.68 | 249,685.00 | -1.59 | -- | -3.95 | -- | 69.42 | -- | -8.10 | -- | -- | -- | 0.1716 | -- | 20.35 | -- | 53.27 | -- | -- | -- |
| Payoneer Global Inc | 867.27m | 114.37m | 2.21bn | 2.17k | 20.11 | 3.19 | 15.21 | 2.55 | 0.2949 | 0.2949 | 2.24 | 1.86 | 0.1331 | -- | 96.07 | 400,217.80 | 1.76 | -- | 16.49 | -- | -- | -- | 13.19 | -- | -- | -- | 0.0214 | -- | 32.42 | -- | 879.72 | -- | -- | -- |
| Upstart Holdings Inc | 538.43m | -175.48m | 2.32bn | 1.39k | -- | 3.79 | -- | 4.31 | -2.05 | -2.05 | 6.33 | 6.98 | 0.2872 | -- | 12.89 | 387,917.20 | -9.36 | -3.57 | -10.71 | -4.49 | 72.28 | 80.07 | -32.59 | -8.18 | -- | -- | 0.6213 | -- | -39.04 | 38.90 | -120.98 | -- | 63.20 | -- |
| Dlocal Ltd | 697.49m | 131.23m | 2.47bn | 951.00 | 19.34 | 5.19 | 17.07 | 3.54 | 0.4317 | 0.4317 | 2.29 | 1.61 | 0.6884 | -- | 2.47 | 774,133.20 | 12.96 | -- | 29.54 | -- | 39.86 | -- | 18.83 | -- | -- | -- | 0.008 | -- | 55.24 | -- | 37.06 | -- | -- | -- |
| Remitly Global Inc | 1.01bn | -110.61m | 2.54bn | 2.70k | -- | 4.61 | -- | 2.51 | -0.5994 | -0.5994 | 5.47 | 2.86 | 1.13 | -- | 3.49 | 373,903.00 | -12.33 | -- | -18.00 | -- | 65.83 | -- | -10.96 | -- | -- | -- | 0.2172 | -- | 44.48 | -- | -3.35 | -- | -- | -- |
| Arbor Realty Trust Inc | 1.60bn | 303.62m | 2.67bn | 647.00 | 10.31 | 1.09 | 7.87 | 1.67 | 1.38 | 1.38 | 7.25 | 16.36 | 0.1011 | -- | 14.73 | 2,475,305.00 | 2.34 | 2.64 | 2.37 | 2.68 | 43.71 | 57.20 | 23.20 | 31.30 | -- | -- | 0.78 | 82.91 | 38.04 | 27.35 | 15.88 | 24.96 | -- | 11.64 |
| Walker & Dunlop, Inc. | 1.04bn | 90.22m | 3.17bn | 1.33k | 34.26 | 1.81 | 10.14 | 3.03 | 2.74 | 2.74 | 31.69 | 51.83 | 0.2509 | -- | 4.39 | 787,144.10 | 2.08 | 4.99 | 2.09 | 5.13 | -- | -- | 8.29 | 18.21 | -- | 21.48 | 0.4271 | 31.98 | -16.23 | 7.77 | -49.64 | -7.64 | 27.96 | 20.30 |
| Hercules Capital Inc | 477.13m | 330.68m | 3.21bn | 100.00 | 9.20 | 1.70 | 9.60 | 6.73 | 2.15 | 2.15 | 3.17 | 11.63 | 0.1374 | -- | 14.27 | 4,771,310.00 | 9.61 | 7.57 | 9.75 | 7.71 | 83.54 | 79.52 | 69.98 | 62.69 | -- | -- | 0.4816 | 99.19 | 43.20 | 17.26 | 234.55 | 34.50 | 13.30 | 4.97 |
Data as of Jun 07 2024. Currency figures normalised to Remitly Global Inc's reporting currency: US Dollar USD
36.64%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| The Vanguard Group, Inc.as of 31 Mar 2024 | 12.52m | 6.64% |
| Baillie Gifford & Co.as of 31 Mar 2024 | 10.59m | 5.62% |
| JPMorgan Investment Management, Inc.as of 31 Mar 2024 | 9.23m | 4.90% |
| BlackRock Fund Advisorsas of 31 Mar 2024 | 8.68m | 4.61% |
| Generation Investment Management LLPas of 31 Mar 2024 | 7.69m | 4.08% |
| Cadian Capital Management LPas of 31 Mar 2024 | 6.47m | 3.43% |
| Fidelity Management & Research Co. LLCas of 31 Mar 2024 | 4.06m | 2.16% |
| Wellington Management Co. LLPas of 31 Mar 2024 | 3.69m | 1.96% |
| Geode Capital Management LLCas of 31 Mar 2024 | 3.10m | 1.64% |
| ArrowMark Colorado Holdings LLCas of 31 Mar 2024 | 3.05m | 1.62% |
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
