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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)944.29m
- Net income in USD-117.84m
- 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Federal Agricultural Mortgage Corp | 1.39bn | 172.84m | 1.99bn | 185.00 | 11.97 | 2.21 | -- | 1.43 | 15.80 | 15.80 | 127.30 | 130.22 | 0.049 | -- | 4.54 | 7,525,881.00 | 0.7035 | 0.602 | 0.9928 | 0.9443 | 24.73 | 34.22 | 14.37 | 19.97 | -- | -- | 0.9515 | 30.59 | 94.22 | 20.66 | 14.48 | 12.74 | -- | 13.66 |
| Upstart Holdings Inc | 513.56m | -240.13m | 2.00bn | 1.39k | -- | 3.10 | -- | 3.90 | -2.89 | -2.89 | 6.13 | 7.36 | 0.2598 | -- | 11.79 | 370,001.40 | -12.15 | -3.57 | -14.25 | -4.49 | 70.71 | 80.07 | -46.76 | -8.18 | -- | -- | 0.6209 | -- | -39.04 | 38.90 | -120.98 | -- | 63.20 | -- |
| Arbor Realty Trust Inc | 1.62bn | 330.07m | 2.38bn | 647.00 | 8.32 | 0.9515 | 6.44 | 1.46 | 1.51 | 1.51 | 7.42 | 16.54 | 0.0991 | -- | 22.90 | 2,510,414.00 | 2.44 | 2.64 | 2.47 | 2.68 | 44.39 | 57.20 | 24.66 | 31.30 | -- | -- | 0.7874 | 82.91 | 38.04 | 27.35 | 15.88 | 24.96 | -- | 11.64 |
| AvidXchange Holdings Inc | 380.72m | -47.33m | 2.42bn | 1.60k | -- | 3.68 | -- | 6.35 | -0.235 | -0.235 | 1.89 | 3.22 | 0.1622 | -- | 8.82 | 237,950.00 | -2.02 | -- | -5.80 | -- | 68.14 | -- | -12.43 | -- | -- | -- | 0.1747 | -- | 20.35 | -- | 53.27 | -- | -- | -- |
| Flywire Corp | 403.09m | -8.57m | 2.55bn | 1.20k | -- | 3.20 | 351.62 | 6.33 | -0.0895 | -0.0895 | 3.44 | 6.41 | 0.4596 | -- | 25.26 | 335,911.70 | -0.9767 | -- | -1.31 | -- | 63.45 | -- | -2.13 | -- | -- | -- | 0.00 | -- | 39.30 | -- | 78.23 | -- | -- | -- |
| Lufax Holding Ltd - ADR | 4.30bn | -90.56m | 2.63bn | 36.22k | -- | 0.2083 | -- | 0.6103 | -0.1594 | -0.1594 | 7.46 | 21.99 | 0.1121 | -- | -- | 118,804.20 | -0.19 | 4.05 | -0.3637 | 10.64 | -- | -- | -1.69 | 20.51 | -- | 5.37 | 0.3419 | 2.76 | -41.05 | -3.27 | -89.81 | -42.09 | -29.10 | -- |
| Hercules Capital Inc | 460.67m | 334.14m | 3.07bn | 100.00 | 8.38 | 1.66 | 9.10 | 6.67 | 2.26 | 2.26 | 3.17 | 11.43 | 0.1429 | -- | 14.30 | 4,606,680.00 | 10.47 | 7.57 | 10.66 | 7.71 | 83.18 | 79.52 | 73.26 | 62.69 | -- | -- | 0.4631 | 99.19 | 43.20 | 17.26 | 234.55 | 34.50 | 13.30 | 4.97 |
| Walker & Dunlop, Inc. | 1.05bn | 104.60m | 3.10bn | 1.33k | 28.95 | 1.76 | 9.38 | 2.94 | 3.18 | 3.18 | 32.07 | 52.44 | 0.2604 | -- | 4.84 | 795,203.60 | 2.55 | 4.99 | 2.62 | 5.13 | -- | -- | 9.78 | 18.21 | -- | 33.15 | 0.4396 | 31.98 | -16.23 | 7.77 | -49.64 | -7.64 | 27.96 | 20.30 |
| Remitly Global Inc | 944.29m | -117.84m | 3.35bn | 2.70k | -- | 6.33 | -- | 3.55 | -0.6501 | -0.6501 | 5.22 | 2.81 | 1.09 | -- | 3.31 | 349,735.20 | -13.61 | -- | -20.38 | -- | 65.15 | -- | -12.48 | -- | -- | -- | 0.2002 | -- | 44.48 | -- | -3.35 | -- | -- | -- |
| Nelnet Inc | 2.11bn | 89.61m | 3.47bn | 7.55k | 39.39 | 1.07 | 16.91 | 1.65 | 2.39 | 2.39 | 56.29 | 88.03 | 0.1166 | -- | 10.77 | 278,944.80 | 0.3015 | 1.23 | 0.3214 | 1.27 | 49.44 | 63.11 | 2.58 | 15.40 | -- | 1.95 | 0.796 | 12.60 | 6.58 | 4.35 | -77.57 | -16.83 | -9.94 | 9.94 |
| ACI Worldwide Inc | 1.45bn | 121.51m | 3.49bn | 3.21k | 29.77 | 2.67 | 14.30 | 2.40 | 1.10 | 1.10 | 13.34 | 12.25 | 0.4366 | -- | 3.39 | 452,235.10 | 3.65 | 3.36 | 5.11 | 4.43 | 50.49 | 51.60 | 8.37 | 7.81 | -- | 3.47 | 0.4394 | 0.00 | 2.16 | 7.54 | -14.54 | 16.79 | -2.96 | -- |
| PagSeguro Digital Ltd | 3.09bn | 320.47m | 3.90bn | 8.78k | 12.00 | 1.56 | 6.59 | 1.26 | 0.9846 | 0.9846 | 9.49 | 7.56 | 0.3176 | 347.41 | 0.4089 | -- | 3.29 | 4.76 | 9.12 | 11.50 | 49.01 | 48.55 | 10.37 | 12.87 | 1.41 | 1.73 | 0.0141 | -- | 4.00 | 29.76 | 9.90 | 12.71 | 50.96 | -- |
| Dlocal Ltd | 650.35m | 148.96m | 4.23bn | 901.00 | 29.24 | 9.29 | 26.20 | 6.50 | 0.4884 | 0.4884 | 2.14 | 1.54 | 0.6807 | -- | 2.42 | 721,810.20 | 15.60 | -- | 34.54 | -- | 42.57 | -- | 22.92 | -- | -- | -- | 0.0086 | -- | 55.24 | -- | 37.06 | -- | -- | -- |
| PennyMac Financial Services Inc | 2.04bn | 144.66m | 4.39bn | 3.91k | 31.76 | 1.22 | 22.18 | 2.15 | 2.71 | 2.71 | 39.19 | 70.52 | 0.1144 | -- | 44.28 | 521,061.10 | 0.8111 | 4.05 | 1.16 | 6.66 | 68.73 | 86.40 | 7.09 | 26.97 | -- | -- | 0.7086 | 5.18 | -12.14 | 12.55 | -69.58 | 10.53 | -32.52 | -- |
| Western Union Co | 4.37bn | 616.90m | 4.52bn | 9.00k | 7.87 | 11.34 | 5.65 | 1.04 | 1.69 | 1.69 | 11.99 | 1.17 | 0.5365 | -- | -- | 485,466.70 | 7.58 | 9.38 | 9.60 | 11.87 | 38.74 | 41.15 | 14.12 | 17.25 | -- | 9.33 | 0.8646 | 43.76 | -2.65 | -4.86 | -31.25 | -6.47 | -10.00 | 4.34 |
Data as of Apr 26 2024. Currency figures normalised to Remitly Global Inc's reporting currency: US Dollar USD
35.30%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| The Vanguard Group, Inc.as of 31 Dec 2023 | 12.59m | 6.68% |
| Baillie Gifford & Co.as of 31 Dec 2023 | 11.13m | 5.91% |
| BlackRock Fund Advisorsas of 31 Dec 2023 | 8.70m | 4.62% |
| JPMorgan Investment Management, Inc.as of 31 Dec 2023 | 8.25m | 4.38% |
| Generation Investment Management LLPas of 31 Dec 2023 | 7.69m | 4.08% |
| Wellington Management Co. LLPas of 31 Dec 2023 | 5.16m | 2.74% |
| Fidelity Management & Research Co. LLCas of 31 Dec 2023 | 4.63m | 2.46% |
| Geode Capital Management LLCas of 31 Dec 2023 | 2.97m | 1.58% |
| SSgA Funds Management, Inc.as of 31 Dec 2023 | 2.83m | 1.50% |
| Millennium Management LLCas of 31 Dec 2023 | 2.60m | 1.38% |
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Data from 31 Dec 2023 - 31 Dec 2023Source: FactSet Research Systems Inc.
