Remitly Global
RELY on Nasdaq. Remitly sells cross-border money transfer services to people and businesses worldwide. Market value $4.8bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $5.77 of spare cash last year. A savings account pays about $4.
You pay 24.8 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns -18 cents a year. Above 10 is good.
Quality score: 52 of 100. Price score: 75 of 100. Our list needs 70 on quality and 60 on price.
$23.20 a share, 92% above its 1-year low
Over the past year the price has ranged from $12.08 to $27.48.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $459m | $654m | $944m | $1.3bn | $1.6bn |
| Operating margin | |||||
| Operating margin | -8.7% | -18.5% | -12.1% | -3.1% | 4.7% |
| Debt to equity | |||||
| Debt to equity | n/a | 0.00 | 0.25 | 0.00 | 0.18 |
| Shares outstanding | |||||
| Shares outstanding | 0.17bn | 0.19bn | 0.20bn | 0.21bn | 0.21bn |
Health checks
- Free cash flow positive3 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 8 checks we could run
- Profit backed by cash (accruals)No
- Debt0.18× equity
- Revenue growth, five yearsStrong, 37.4% a year
- Buying back its own sharesNo, 24% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $495 million last quarter, up 20% on a year ago.
- Profit: $206 million, up 3050% on a year ago.
- It keeps 9 cents of each $1 of sales as operating profit, up from 2 cents a year earlier.
- 1% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $337m |
| December 2024 | $352m |
| March 2025 | $362m |
| June 2025 | $412m |
| September 2025 | $419m |
| December 2025 | $442m |
| March 2026 | $453m |
| June 2026 | $495m |
| Quarter to | Amount |
|---|---|
| September 2024 | $2m |
| December 2024 | -$6m |
| March 2025 | $11m |
| June 2025 | $7m |
| September 2025 | $9m |
| December 2025 | $41m |
| March 2026 | $49m |
| June 2026 | $206m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 18 February 2026
- Next quarterly (estimated, 10-Q)
- 4 November 2026
Who owns it
2 long-term investors we follow own it, unchanged from 2 last quarter. 351 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| First Eagle Investment ManagementMatthew McLennan | $48m | <0.1% | Added |
| Boston PartnersBoston Partners team | $2m | <0.1% | Added |
Largest holders overall
- FMR$488mAdded
- BlackRock$411mAdded
- Baillie Gifford$278mAdded
- Vanguard Portfolio Management$231mAdded
- Goldman Sachs Group$191mAdded
- Vanguard Capital Management$179mAdded
- State Street$154mAdded
- Generation Investment Management LLP$110mCut
- Geode Capital Management$107mAdded
- Marshall Wace, LLP$107mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- PayU Fintech Investments B.V.Passive investor12.3%Since 14 May 2025
- FMR LLCPassive investorat least 10.3%+5.2 pts(filed with 1 related holder)Since 30 June 2026
- BlackRock, Inc.Passive investor8.3%Since 30 June 2026
- BAILLIE GIFFORD & COPassive investor5.6%Since 31 December 2025
- Cadian Capital Management, LPPassive investorat least 2.8%(filed with 2 related holders)Since 31 December 2024
- MIH Fintech Investments B.V.Passive investorSold down below 5%Since 2 June 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
PayU Fintech Investments B.V. Passive investor | 12.3% | 14 May 2025 | |
FMR LLC Passive investor | at least 10.3%+5.2 pts (filed with 1 related holder) | 30 June 2026 | |
BlackRock, Inc. Passive investor | 8.3% | 30 June 2026 | |
BAILLIE GIFFORD & CO Passive investor | 5.6% | 31 December 2025 | |
Cadian Capital Management, LP Passive investor | at least 2.8% (filed with 2 related holders) | 31 December 2024 | |
MIH Fintech Investments B.V. Passive investor | Sold down below 5% | 2 June 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 10 sold $43m, $31m of it under preset trading plans.
- Hug JoshuaDirectorSoldunder a preset trading plan
- Date
- 9 September 2026
- Shares
- 5,500
- Price
- $24.30
- Value
- $133,650
- Hug JoshuaDirectorSoldunder a preset trading plan
- Date
- 8 September 2026
- Shares
- 5,500
- Price
- $25.03
- Value
- $137,665
- MORRIS NIGEL WDirectorSold
- Date
- 2 September 2026
- Shares
- 6,300
- Price
- $27.03
- Value
- $170,289
- Sharma PankajChief Business OfficerSoldunder a preset trading plan
- Date
- 28 August 2026
- Shares
- 21,000
- Price
- $26.39
- Value
- $554,190
- Mehta Vikas DChief Financial OfficerSoldunder a preset trading plan
- Date
- 25 August 2026
- Shares
- 25,000
- Price
- $26.15
- Value
- $653,750
- MORRIS NIGEL WDirectorSold
- Date
- 24 August 2026
- Shares
- 16,751
- Price
- $26.56
- Value
- $444,907
- MORRIS NIGEL WDirectorSold
- Date
- 18 August 2026
- Shares
- 3,249
- Price
- $26.53
- Value
- $86,196
- MORRIS NIGEL WDirectorSold
- Date
- 17 August 2026
- Shares
- 20,000
- Price
- $26.26
- Value
- $525,200
- MORRIS NIGEL WDirectorSold
- Date
- 14 August 2026
- Shares
- 20,000
- Price
- $26.20
- Value
- $524,000
- MORRIS NIGEL WDirectorSold
- Date
- 13 August 2026
- Shares
- 11,000
- Price
- $25.59
- Value
- $281,490
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 9 September 2026 | Hug Joshua Director | Sold under a preset trading plan | 5,500 | $24.30 | $133,650 |
| 8 September 2026 | Hug Joshua Director | Sold under a preset trading plan | 5,500 | $25.03 | $137,665 |
| 2 September 2026 | MORRIS NIGEL W Director | Sold | 6,300 | $27.03 | $170,289 |
| 28 August 2026 | Sharma Pankaj Chief Business Officer | Sold under a preset trading plan | 21,000 | $26.39 | $554,190 |
| 25 August 2026 | Mehta Vikas D Chief Financial Officer | Sold under a preset trading plan | 25,000 | $26.15 | $653,750 |
| 24 August 2026 | MORRIS NIGEL W Director | Sold | 16,751 | $26.56 | $444,907 |
| 18 August 2026 | MORRIS NIGEL W Director | Sold | 3,249 | $26.53 | $86,196 |
| 17 August 2026 | MORRIS NIGEL W Director | Sold | 20,000 | $26.26 | $525,200 |
| 14 August 2026 | MORRIS NIGEL W Director | Sold | 20,000 | $26.20 | $524,000 |
| 13 August 2026 | MORRIS NIGEL W Director | Sold | 11,000 | $25.59 | $281,490 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 18 Feb 2026, plus the 10-Q filed 5 Aug 2026 and 6 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.