remitly is an international payments company that leverages digital channels, including mobile phones, to send money internationally. remitly's digital products are fundamentally faster, less expensive, and far more convenient for customers to send money across borders.
Company profile
Ticker
RELY
Exchange
Website
CEO
Matthew B. Oppenheimer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Remitly, Inc. • Remitly Canada, Inc. • Remitly U.K., Ltd. • Remitly Europe Ltd. • Remitly Australia, Pty Ltd • Remitly Nicaragua, S.A. • Remitly Singapore Pte. Ltd. • Rewire (O.S.G.) Research and Development Ltd. ...
IRS number
832301143
RELY stock data
Latest filings (excl ownership)
8-K
Amendments to Articles of Incorporation or Bylaws
19 Mar 24
S-8
Registration of securities for employees
23 Feb 24
10-K
2023 FY
Annual report
23 Feb 24
8-K
Remitly Reports Fourth Quarter and Full Year 2023 Results
21 Feb 24
8-K
Entry into a Material Definitive Agreement
22 Dec 23
10-Q
2023 Q3
Quarterly report
1 Nov 23
8-K
Remitly Reports Third Quarter 2023 Results
1 Nov 23
10-Q
2023 Q2
Quarterly report
3 Aug 23
8-K
Remitly Reports Second Quarter 2023 Results
2 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
15 Jun 23
Transcripts
RELY
Earnings call transcript
2023 Q3
1 Nov 23
RELY
Earnings call transcript
2023 Q2
2 Aug 23
RELY
Earnings call transcript
2023 Q1
3 May 23
RELY
Earnings call transcript
2022 Q4
22 Feb 23
RELY
Earnings call transcript
2022 Q3
2 Nov 22
RELY
Earnings call transcript
2022 Q2
6 Aug 22
RELY
Earnings call transcript
2022 Q1
8 May 22
RELY
Earnings call transcript
2021 Q4
3 Mar 22
RELY
Earnings call transcript
2021 Q3
13 Nov 21
RELY
Earnings call transcript
2021 Q3
10 Nov 21
Latest ownership filings
4
Joshua Hug
21 Mar 24
144
Notice of proposed sale of securities
19 Mar 24
4
Rene Yoakum
19 Mar 24
144
Notice of proposed sale of securities
15 Mar 24
4
Matthew B. Oppenheimer
14 Mar 24
4
Ankur Sinha
12 Mar 24
144
Notice of proposed sale of securities
12 Mar 24
144
Notice of proposed sale of securities
8 Mar 24
4
Ankur Sinha
8 Mar 24
4
Pankaj Sharma
7 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 224.04 mm | 224.04 mm | 224.04 mm | 224.04 mm | 224.04 mm | 224.04 mm |
Cash burn (monthly) | 1.40 mm | 12.71 mm | 12.30 mm | 8.90 mm | (no burn) | 8.04 mm |
Cash used (since last report) | 8.32 mm | 75.53 mm | 73.11 mm | 52.92 mm | n/a | 47.78 mm |
Cash remaining | 215.72 mm | 148.51 mm | 150.93 mm | 171.13 mm | n/a | 176.26 mm |
Runway (months of cash) | 154.1 | 11.7 | 12.3 | 19.2 | n/a | 21.9 |
Institutional ownership, Q3 2023
92.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 190 |
Opened positions | 45 |
Closed positions | 14 |
Increased positions | 71 |
Reduced positions | 50 |
13F shares | Current |
---|---|
Total value | 3.36 tn |
Total shares | 173.71 mm |
Total puts | 65.30 k |
Total calls | 294.70 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Naspers | 37.34 mm | $941.76 bn |
N.V. Prosus | 37.34 mm | $769.99 mm |
Vanguard | 11.64 mm | $293.57 bn |
JPM JPMorgan Chase & Co. | 9.69 mm | $244.35 bn |
BLK Blackrock | 9.11 mm | $229.68 bn |
Generation Investment Management | 7.99 mm | $201.57 bn |
Baillie Gifford & Co | 6.07 mm | $153.18 bn |
Lord, Abbett & Co. | 5.34 mm | $134.62 bn |
FMR | 4.79 mm | $120.84 bn |
Wellington Management | 4.20 mm | $105.89 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Mar 24 | Joshua Hug | Common Stock | Sell | Dispose S | No | Yes | 20.5631 | 20,000 | 411.26 k | 3,993,631 |
19 Mar 24 | Joshua Hug | Common Stock | Sell | Dispose S | No | Yes | 19.9977 | 41,716 | 834.22 k | 4,013,631 |
15 Mar 24 | Rene Yoakum | Common Stock | Sell | Dispose S | No | Yes | 20.0782 | 15,000 | 301.17 k | 81,137 |
15 Mar 24 | Rene Yoakum | Common Stock | Option exercise | Acquire M | No | Yes | 1.7 | 15,000 | 25.50 k | 96,137 |
15 Mar 24 | Rene Yoakum | Stock Option Common Stock | Option exercise | Dispose M | No | Yes | 1.7 | 15,000 | 25.50 k | 49,218 |
13 Mar 24 | Matthew B. Oppenheimer | Common Stock | Sell | Dispose S | No | Yes | 20.628 | 10,416 | 214.86 k | 4,678,021 |
12 Mar 24 | Matthew B. Oppenheimer | Common Stock | Sell | Dispose S | No | Yes | 20.5355 | 10,416 | 213.90 k | 4,688,437 |
8 Mar 24 | Ankur Sinha | Common Stock | Sell | Dispose S | No | No | 21 | 1,112 | 23.35 k | 247,699 |
6 Mar 24 | Ankur Sinha | Common Stock | Sell | Dispose S | No | No | 21.0392 | 32,826 | 690.63 k | 248,811 |
News
A Closer Look at 6 Analyst Recommendations For Remitly Global
20 Mar 24
Monness, Crespi, Hardt Initiates Coverage On Remitly Global with Buy Rating, Announces Price Target of $29
20 Mar 24
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22 Feb 24
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22 Feb 24
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22 Feb 24