Remitly Global Inc
Research Remitly Global Inc (RELY) on Bullrun: valuation model: 20.1% undervalued, market cap USD 5.55B, P/E 18.9. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerRELY
- ExchangeNASDAQ
- CountryUnited States
- SectorTechnology
- IndustrySoftware-Infrastructure
- CurrencyUSD
- Valuation signal20.1% undervalued
- Market capUSD 5.55B
- P/E18.9
- Financial periodQ2 2026
- RevenueUSD 495.16M
- Net incomeUSD 205.91M
- Free cash flowUSD 130.10M
- Gross margin62.1%
Valuation Snapshot
Bullrun's latest valuation model marks Remitly Global Inc as 20.1% undervalued; latest market cap is USD 5.55B; P/E is 18.9.
Peer valuation comparison
Latest P/E is 18.87x versus a Technology sector median of 28.57x (34.0% below).
Latest P/E is 18.87x versus a United States median of 24.87x (24.1% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.64B | USD 67.93M | USD 295.65M | 60.2% | 0.31 | USD 542.43M | USD 157.82M | USD 868.79M |
| FY2024 | USD 1.26B | -USD 36.98M | USD 105.60M | 59.2% | -0.19 | USD 368.10M | USD 2.47M | USD 665.47M |
| FY2023 | USD 944.29M | -USD 117.84M | USD 63.95M | 56.4% | -0.65 | USD 323.71M | USD 132.48M | USD 529.34M |
| FY2022 | USD 653.56M | -USD 114.02M | -USD 112.34M | n/a | -0.68 | USD 300.64M | USD 0 | USD 480.09M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 5.55B | 18.9 | n/a | n/a |
| 2025 | 2025-12-31 | USD 2.91B | 44.5 | n/a | n/a |
| 2024 | 2024-12-31 | USD 4.53B | n/a | n/a | n/a |
| 2023 | 2023-12-29 | USD 3.60B | n/a | n/a | n/a |
| 2022 | 2022-12-30 | USD 1.95B | n/a | n/a | n/a |
| 2021 | 2021-12-31 | USD 3.39B | n/a | n/a | n/a |
About Remitly Global Inc
Remitly Global, Inc., a cross-border payment company 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.
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Frequently asked questions
Is Remitly Global Inc overvalued or undervalued?
Bullrun's valuation model currently marks Remitly Global Inc as 20.1% undervalued.
What is Remitly Global Inc's market cap?
Remitly Global Inc's market capitalization is USD 5.55B.
What is Remitly Global Inc's P/E ratio?
Remitly Global Inc's price-to-earnings (P/E) ratio is 18.9.
What does Remitly Global Inc do?
Remitly Global, Inc., a cross-border payment company 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.