SEATTLE , Feb. 06, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of financial services that transcend borders, today announced that it will report fourth quarter and full year 2025 financial results after the market closes on Wednesday, February 18, 2026. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time t ...

Core Insights - Remitly has experienced strong growth since its IPO in 2021, but its stock has declined significantly, down approximately two-thirds from its initial listing price of $43 [3][4] - The remittance industry, which involves hundreds of billions of dollars sent across borders annually, is dominated by traditional players like Western Union and MoneyGram, but Remitly is the fastest-growing company in this sector [2] Financial Performance - In the latest quarter, Remitly reported a revenue increase of 25% to $419.5 million, driven by a 35% rise in send volume to 19.5 million, although the take rate has decreased due to a strategic market expansion [5] - The company achieved a net income of $8.8 million, indicating it is now profitable under GAAP, although margins remain minimal [5] Future Projections - During its Investor Day conference, Remitly provided guidance through 2028, forecasting revenue growth in the high teens for 2026 and projecting revenue between $2.6 billion and $3 billion by 2028, which implies a compound annual growth rate of 20% over the next three years [6] - The company also aims for an adjusted EBITDA of $575 million to $600 million and plans to meet the "rule of 40" standard, where revenue growth and EBITDA margin combined would equal at least 40% [6] Market Position - Remitly currently has a market capitalization of $2.9 billion, trading at approximately 5 times its EBITDA forecast for 2028, suggesting potential for stock appreciation if targets are met [8] - The stock's current price is $13.61, with a 52-week range of $12.08 to $27.32, indicating significant volatility [8] Strategic Initiatives - The company has expanded its addressable market by offering services to businesses and introducing the Remitly One subscription program, which includes features like send now, pay later [9] - With strong revenue growth, a low valuation, and innovative products, Remitly is positioned as an attractive investment opportunity despite current stock weaknesses [9]

Market Overview - U.S. equity markets in Q4 2025 were influenced by optimism around potential monetary easing and caution regarding economic growth and valuations [1] - Strong AI-related earnings and a rate cut by the US Federal Reserve in October initially drove market gains, but sentiment cooled later due to mixed signals from the Fed [1] - Large-cap stocks rose 17.4% for the year and 2.4% in the quarter, while small caps gained 12.8% for the year and 2.2% in the quarter [1] - Value stocks outperformed growth stocks, returning 3.3% versus 1.2% for the quarter [1] Fund Performance - Meridian Growth Fund delivered a return of -0.39% (net) in Q4 2025, underperforming the Russell 2500 Growth Index's return of 0.33% [1] - The firm is monitoring factors affecting market returns, including potential changes in monetary policy and the sustainability of AI investments due to high valuations among hyperscalers [1] Company Focus: Remitly Global, Inc. - Remitly Global, Inc. (NASDAQ:RELY) was highlighted as a leading relative detractor for the Meridian Growth Fund in Q4 2025 [2] - The company offers digital financial services for immigrants and has a market capitalization of $3.008 billion [2] - Remitly's stock traded between $12.08 and $27.32 over the past 52 weeks, closing at $14.39 on January 26, 2026 [2] - Despite robust quarterly earnings, Remitly's stock underperformed due to management's guidance indicating a deceleration in revenue growth [3] - The tempered outlook is attributed to challenging year-over-year comparisons and immigration-related headwinds affecting remittance volumes [3] - Remitly continues to expand its market presence despite a temporarily subdued demand environment [3]

Core Insights - Remitly Global Inc. is identified as an overlooked growth stock with potential for investment despite recent price target adjustments by analysts [1][3] Group 1: Analyst Ratings and Price Targets - Goldman Sachs analyst Will Nance lowered the price target for Remitly Global from $19 to $17 while maintaining a Buy rating [1] - Citizens reaffirmed a Market Outperform rating with a price target of $20, highlighting Remitly as a leader in the digital remittance sector [2] Group 2: Business Expansion and Performance - In Q3 2025, Remitly expanded its product categories, notably with Remitly Business entering the UK and Canada, increasing the total addressable market (TAM) from $2 trillion to $22 trillion [3] - By the end of Q3, approximately 10,000 businesses were active on the platform, with transaction sizes averaging twice those of traditional consumers [3] - The Flex product reached around 100,000 active users, with revenue doubling sequentially, and there was a 40% increase in send volume from high-value customers [3] Group 3: Company Overview - Remitly Global Inc. provides digital financial services, including cross-border remittances and complementary financial services, through a mobile application and website [4]

Remitly Global, Inc. (NASDAQ:RELY) is one of the 15 software stocks with the highest upside potential. On January 8, Wolfe Research analyst Darrin Peller lowered the firm’s price target for the stock from $18 to $16 while maintaining a Buy rating. The adjusted price target implies a 19.4% upside from current levels as of January 9. Goldman Sachs also presented a similar view on January 6. Will Nance, an analyst at Goldman Sachs, cut the price target on the shares from $19 to $17, implying a further 27% u ...

Group 1 - The technology sector is experiencing a bull market, yet many stocks, including some hypergrowth stocks, are trading at lower multiples, presenting attractive entry points for investors in 2026 [1][2][9] - Coupang, a leading e-commerce platform in South Korea, reported a 20% year-over-year growth in net revenue and a 22% increase in gross profit, with active users rising by 10% to nearly 25 million [4][8] - A data leak scandal involving the exposure of customer data for approximately 34 million accounts has negatively impacted Coupang, leading to a 4% decline in weekly active customers [5][6] Group 2 - Despite the data breach, Coupang's fundamentals remain strong, with a market cap of $43 billion, trailing revenue over $33 billion, and a clean balance sheet, making it an attractive hypergrowth stock for 2026 [8] - Remitly Global is identified as a fast-growing remittance provider with significant potential for operational expansion [9]

Company Overview - Remitly Global, Inc. (NASDAQ:RELY) is a financial technology and payments company that provides digital financial services through its cross-border payments app, facilitating money transfers in over 170 countries [4] Investment Outlook - Citizens reaffirmed its Market Outperform rating and $20 price target on Remitly, highlighting the company's leading role in the digital remittance industry and suggesting that shares were overcorrected due to immigration-related headlines and slowing revenue growth [1][2] - Despite challenges, Citizens emphasizes Remitly's position as the premier all-digital remittance vendor with significant upside potential and plans for industry-leading profitability in the long term [2] Growth Projections - During the Investor Day event, Remitly announced growth plans through 2028, projecting revenue growth in the high teens and adjusted EBITDA between $300 million and $320 million by 2026 [3] - The company estimates revenue to range between $2.6 billion and $3.0 billion in 2028, with Adjusted EBITDA of $575 million to $600 million, indicating a margin of 20-22% [3]

Company Overview - Remitly operates in the digital remittance sector, providing services for cross-border money transfers to over 150 countries, focusing on immigrant communities with a technology-driven platform [2][6] - The company aims to deliver accessible, secure, and user-friendly solutions for money transfers, leveraging its competitive advantage in geographic reach [2] Recent Insider Activity - Director Joshua Hug sold 40,776 shares at a weighted average price of $13.33 per share, valued at approximately $543,500, which occurred near the stock's 52-week low of about $12 [1][5] - Following this transaction, Hug retains direct ownership of 3,654,764 shares, valued at approximately $48.4 million, representing about 1.75% of the company's outstanding shares [4][5] Stock Performance - Remitly's stock has declined roughly 39% over the past 12 months, with a total return of approximately -36.20% over the last year [1][3] - The sale by Hug raises questions about insider confidence in the company's near-term recovery, especially given the stock's performance during a challenging year [1][7] Market Context - Despite operational improvements, Remitly faces headwinds and investor concerns regarding its path to profitability, as the company continues to invest heavily in customer acquisition and geographic expansion [6] - The timing of insider sales, particularly during periods of stock price decline, warrants scrutiny, as it may reflect broader market sentiments about the company's future [7]

Core Insights - Remitly Global, Inc. (NASDAQ: RELY) is projected to be a significant investment opportunity by 2026, with expectations of substantial growth in revenue and earnings [1] Financial Performance - In Q3 2025, Remitly reported earnings per share of $0.04, exceeding estimates by $0.01 [2] - The company's revenue for the same period was $419.49 million, reflecting a year-on-year increase of 24.7% and surpassing estimates by $5.76 million [2] - For the full fiscal year, Remitly anticipates total revenue between $1.619 billion and $1.621 billion, indicating a growth rate of 28% year-on-year [2] Medium-Term Outlook - The CEO of Remitly provided a preliminary outlook for 2028, forecasting revenue between $2.6 billion and $3 billion [3] - Adjusted EBITDA is expected to range from $575 million to $600 million, which corresponds to a margin of 20%-22% [3] - Remitly operates in the digital financial services sector across the United States, Canada, and internationally [3]

Group 1 - Remitly Global, Inc. is considered one of the best FinTech stocks to buy in 2026, with a maintained price target of $20 by Citizens, indicating the stock has "overcorrected" [1] - The company is positioned as a leading all-digital remittance provider, with management's margin guidance suggesting an easier path to medium-term profitability [1][2] - Remitly's Investor Day highlighted targets for high-teens revenue growth and adjusted EBITDA of $300 million to $320 million by 2026, with extended targets for 2028 of $2.6 billion to $3.0 billion in revenue and $575 million to $600 million in adjusted EBITDA, implying a 20%–22% margin [2] Group 2 - The company operates a cross-border payments app focused on digital remittances, aiming to broaden into additional financial services while improving profitability over time [3] - Initiatives like Remitly One and Remitly Business are part of the strategy to push into adjacent categories and deepen customer engagement [2]