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]

Core Insights - Remitly Global hosted its 2025 Investor Day, presenting strong long-term goals and financial guidance, which positively impacted its stock price, increasing over 10% this week [1][2] - The company aims for significant revenue growth and margin expansion through 2028, projecting annual revenue to reach upwards of $3 billion [4][6] Financial Performance - Remitly currently generates approximately $1.5 billion in revenue and expects to double this figure by 2028 [4][7] - The company anticipates adjusted earnings of over $600 million by 2028, indicating strong profitability potential [6][7] Market Position - Remitly has established itself as a key player in the remittance market, initially focusing on transfers from the U.S. to India, Mexico, and the Philippines, and has since expanded its services to more countries [3][4] - The company has improved its operational efficiency by lowering costs, speeding up transfer times, and enhancing product functionality [3][4] Growth Strategy - Future growth strategies include geographical expansion, targeting wealthier individuals and small businesses, and introducing new banking-like products [4][6] - Management's long-term guidance suggests that the stock remains an attractive investment opportunity, even after recent price increases [7]

Core Insights - Remitly is hosting its first Investor Day, highlighting its long-term vision and strategic direction [1] - The company aims to showcase the growth potential of its core remittance business [1] - Key executives will present on various aspects of the company's strategy, including product innovation and shareholder value [2] Company Overview - CEO and Co-Founder Matt Oppenheimer will outline the company's long-term vision [1] - Chief Business Officer Pankaj Sharma will discuss the durable growth potential of the remittance business [1] - Chief Product and Technology Officer Ankur Sinha will provide insights into new customer categories and product launches [2] - CFO Vikas Mehta will present plans for driving long-term shareholder value [2]

Summary of Remitly Global Investor Day 2025 Company Overview - **Company**: Remitly Global (NasdaqGS: RELY) - **Event**: First-ever Investor Day held on December 9, 2025 - **Key Speakers**: - Matt Oppenheimer (CEO) - Pankaj Sharma (Chief Business Officer) - Ankur Sinha (Chief Product and Technology Officer) - Vikas Mehta (CFO) Core Industry Insights - **Industry**: Cross-border financial services and remittances - **Market Size**: The global cross-border payments market is over $22 trillion annually, with the consumer segment alone around $2 trillion [16][16] - **Growth Potential**: Remitly is currently capturing only 3% of the consumer cross-border payments volume, indicating significant room for growth [36][36] Key Points and Arguments - **Vision**: Remitly aims to "transform lives with trusted financial services that transcend borders," focusing on trust, reliability, and customer-centric solutions [7][7][8][8] - **Business Model**: The company has a structurally advantaged business model that is GAAP profitable, with projections of nearly $3 billion in revenue and close to $600 million in adjusted EBITDA by 2028 [7][7][30][30] - **Customer Growth**: Active users increased from 1.9 million in 2020 to 9 million in 2025, with send volume growing from $12.1 billion to $70 billion in the same period [16][16][17][17] - **Core Strengths**: - **Trust**: Essential for customer retention, evidenced by high app ratings and Trustpilot scores [19][19] - **Network**: A proprietary global partner and payout network covering over 5,300 corridors and 100 currencies, ensuring fast and reliable transfers [20][20] - **Scale**: Achieved through operational efficiencies and a flywheel effect that enhances free cash flow [22][22][23][23] Technology Trends - **Stablecoins**: Present a significant opportunity for Remitly, allowing customers in emerging markets to hold USD stablecoins as a store of value [24][24][25][25] - **Artificial Intelligence (AI)**: Enhances customer support and operational efficiency, with AI resolving one-third of customer support chats faster than human agents [26][26][27][27] Customer Experience and Retention - **Customer Satisfaction**: High retention rates and customer lifetime value (LTV) driven by trust, speed, and simplicity in service [48][48][49][49] - **Pricing Strategy**: Cost-plus pricing model that balances affordability for customers with sustainable returns for the company [54][54][55][55] Future Growth Strategy - **Geographic Expansion**: Plans to enter new markets, including Saudi Arabia, and expand into high-amount transfers and small-medium businesses [38][38][39][39] - **Product Diversification**: Introduction of new products like Remitly One and Send Now, Pay Later, aimed at enhancing customer relationships and expanding the addressable market [12][12][13][13] Conclusion - **Long-term Vision**: Remitly is positioned for significant growth by leveraging its strengths in trust, network, and scale, while also embracing emerging technologies like stablecoins and AI to enhance customer experience and operational efficiency [28][28][30][30]

Investor Day 2025 December 9, 2025 Welcome and Agenda 2 Dec 2025 / © 2025 Remitly Inc. Matt Oppenheimer Pankaj Sharma Ankur Sinha Vikas Mehta Primary Leadership Team Keynote Speakers | Matt Oppenheimer | Vision and strategic direction | | --- | --- | | Co-founder and CEO | | | Pankaj Sharma | Powering durable growth through global money movement | | Chief Business Officer | | | Ankur Sinha Chief Product & Technology Officer | Innovating with products & platforms | | Vikas Mehta | Driving long-term sharehold ...

Core Insights - Remitly Global, Inc. is hosting its Investor Day to share its vision for building a global financial services company focused on value-added services and high-growth categories [1][2] - The company aims to transform lives with trusted financial services and is committed to delivering meaningful customer impact and long-term shareholder returns through innovation and disciplined execution [3] Financial Outlook - For the full year 2026, Remitly expects revenue growth primarily driven by its core remittance business, with adjusted EBITDA growth projected to exceed 30% at the midpoint [5] - The medium-term financial targets for 2028 include achieving a Rule of 40 framework, aiming for a combined 3-year revenue CAGR and adjusted EBITDA margins of at least 40% [6] - Revenue is anticipated to be in the range of $2.6 billion to $3.0 billion for 2026, with adjusted EBITDA expected between $300 million and $320 million, reflecting a margin of 20%-22% [10]

Core Viewpoint - Remitly Global is positioned as a potential high-growth stock, with the potential to become a "10-bagger" due to its small-cap status and market share growth opportunities [1]. Group 1: Company Overview - Remitly Global operates as a modern remittance service with a user-friendly mobile application and competitive low transfer fees [3]. - The company currently holds a global market share of less than 10%, indicating significant room for revenue growth as it continues to capture market share from competitors [3]. Group 2: Financial Performance - Remitly's revenue grew by 25% year-over-year in the last quarter, showcasing its strong growth trajectory [3]. - The company has a market capitalization of approximately $2.8 billion, with trailing revenue exceeding $1.5 billion, indicating it is undervalued relative to its revenue [5]. - Despite being down 73% from its all-time highs, Remitly's business model exhibits strong unit economics, suggesting potential for future profitability once growth spending stabilizes [6]. Group 3: Market Position - The company is recognized for steadily gaining market share from legacy competitors, aligning with investment strategies that favor market-share gainers [2]. - Remitly's gross margin stands at 57.91%, reflecting its operational efficiency [2].

Core Thesis - Remitly Global, Inc. is positioned as a strong player in the digital remittance space, with a current share price of $13.23 and a trailing P/E ratio of 150.50, indicating high growth expectations [1][3] Company Overview - Remitly operates a global digital remittance platform, allowing users to send money across borders directly to bank accounts, mobile wallets, or for cash pickup, distinguishing itself from competitors like PayPal and Western Union by focusing solely on digital remittances [2] - The company has recently expanded into digital wallets and SMB remittance, enhancing its ecosystem [2] Financial Performance - Remitly has over 8 million active users and is experiencing operating leverage, with revenue growth outpacing cost increases, leading to margin expansion and improved operating income [3] - The company is at a pivotal point, similar to Uber before it became profitable, with the potential to generate several hundred million dollars in free cash flow within a few years, making its current valuation of $3.5 billion attractive [3] Market Dynamics - The long-term growth potential of Remitly is contingent on its ability to sustain high growth and defend its market position against competitors like Wise, Western Union, and PayPal, as well as emerging crypto-based remittance solutions [4] - The addressable market for Remitly is closely linked to global migration patterns, particularly key corridors from the U.S. to the Philippines, India, and Mexico [4] Investment Sentiment - Despite a 38.11% decline in stock price since previous coverage, the bullish thesis remains intact due to Remitly's improving operating leverage and potential for free cash flow inflection [5] - Remitly is not among the 30 most popular stocks among hedge funds, with 39 hedge fund portfolios holding RELY at the end of Q2, down from 46 in the previous quarter [6]