Cantor Fitzgerald Cites Co-Founder Support Following CEO Transition at Remitly Global, Inc. (RELY)

Core Insights - Remitly Global, Inc. (NASDAQ: RELY) is recognized as one of the best technology stocks, with a positive outlook from Cantor Fitzgerald, which raised its price target to $20 from $17 while maintaining an Overweight rating [2][9]. Financial Performance - For Q4 and full year 2025, Remitly reported 9.3 million active clients, a 19% increase year-over-year, and a total transaction volume of $74.9 billion, reflecting a 37% growth [3]. - Revenue for the year rose by 29% to $1.6 billion, with net profitability improving from a $37 million loss in 2024 to a profit of $67.9 million [4]. - The company generated $325.1 million in operating cash flow and $283.3 million in free cash flow, leading to a 93% increase in adjusted EBITDA to $272.2 million [4]. Future Outlook - Remitly anticipates positive GAAP net income and adjusted EBITDA between $340 million and $360 million for 2026, with projected sales of $1.94 billion to $1.96 billion [5]. - For Q1 2026, adjusted EBITDA is expected to be between $82 million and $84 million, with revenue forecasted between $436 million and $438 million [5]. Company Overview - Remitly is a digital remittance company that facilitates fast and low-cost international money transfers, providing secure and affordable cross-border payment solutions [6].