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
Departure of Directors or Certain Officers
13 May 24
10-Q
2024 Q1
Quarterly report
1 May 24
8-K
Remitly Reports First Quarter 2024 Results
1 May 24
D/A
$6.83 mm in equity, sold $6.74 mm, 4 investors
29 Apr 24
ARS
2023 FY
Annual report to shareholders
26 Apr 24
DEF 14A
Definitive proxy
26 Apr 24
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
Transcripts
RELY
Earnings call transcript
2024 Q1
1 May 24
RELY
Earnings call transcript
2023 Q4
21 Feb 24
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
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
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Revenue | ||||
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Operating income | ||||
Operating margin | ||||
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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) | 288.93 mm | 288.93 mm | 288.93 mm | 288.93 mm | 288.93 mm | 288.93 mm |
Cash burn (monthly) | 12.03 mm | (no burn) | 6.69 mm | 8.91 mm | 18.94 mm | 9.01 mm |
Cash used (since last report) | 31.27 mm | n/a | 17.40 mm | 23.17 mm | 49.21 mm | 23.41 mm |
Cash remaining | 257.66 mm | n/a | 271.53 mm | 265.76 mm | 239.72 mm | 265.52 mm |
Runway (months of cash) | 21.4 | n/a | 40.6 | 29.8 | 12.7 | 29.5 |
Institutional ownership, Q1 2024
95.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 183 |
Opened positions | 170 |
Closed positions | 5 |
Increased positions | 5 |
Reduced positions | 4 |
13F shares | Current |
---|---|
Total value | 2.87 tn |
Total shares | 183.37 mm |
Total puts | 105.80 k |
Total calls | 350.20 k |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Naspers | 37.34 mm | $774.47 bn |
N.V. Prosus | 37.34 mm | $769.99 mm |
Vanguard | 12.91 mm | $267.79 bn |
Baillie Gifford & Co | 10.59 mm | $219.57 bn |
JPM JPMorgan Chase & Co. | 9.90 mm | $205.26 bn |
BLK Blackrock | 9.78 mm | $202.83 bn |
Generation Investment Management | 7.69 mm | $159.54 bn |
Cadian Capital Management | 6.47 mm | $134.10 bn |
FMR | 4.06 mm | $84.29 bn |
Wellington Management | 3.69 mm | $76.54 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Jun 24 | Smyth Margaret Mary | Common Stock | Option exercise | Acquire M | No | No | 0 | 8,505 | 0.00 | 32,352 |
12 Jun 24 | Smyth Margaret Mary | RSU Common Stock | Grant | Acquire A | No | No | 0 | 45,717 | 0.00 | 45,717 |
12 Jun 24 | Smyth Margaret Mary | RSU Common Stock | Grant | Acquire A | No | No | 0 | 4,571 | 0.00 | 4,571 |
12 Jun 24 | Smyth Margaret Mary | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 8,505 | 0.00 | 0 |
12 Jun 24 | Nigel W Morris | Common Stock | Option exercise | Acquire M | No | No | 0 | 8,505 | 0.00 | 1,815,451 |
12 Jun 24 | Nigel W Morris | RSU Common Stock | Grant | Acquire A | No | No | 0 | 30,478 | 0.00 | 30,478 |
12 Jun 24 | Nigel W Morris | RSU Common Stock | Grant | Acquire A | No | No | 0 | 3,809 | 0.00 | 3,809 |
12 Jun 24 | Nigel W Morris | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 8,505 | 0.00 | 0 |
12 Jun 24 | Moal Laurent Le | Common Stock | Option exercise | Acquire M | No | No | 0 | 8,505 | 0.00 | 22,291 |
12 Jun 24 | Moal Laurent Le | RSU Common Stock | Grant | Acquire A | No | No | 0 | 30,478 | 0.00 | 30,478 |
News
Barclays Maintains Overweight on Remitly Global, Lowers Price Target to $16
17 Jun 24
BMO Capital Maintains Outperform on Remitly Global, Lowers Price Target to $23
17 Jun 24
Analyst Ratings For Remitly Global
11 Jun 24
JMP Securities Maintains Market Outperform on Remitly Global, Lowers Price Target to $22
11 Jun 24
The Analyst Landscape: 9 Takes On Remitly Global
6 May 24
Press releases
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Remitly Global, Inc. - RELY
7 Jun 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Remitly Global, Inc. - RELY
5 Jun 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Remitly Global, Inc. - RELY
3 Jun 24
Remitly to Present at the William Blair 44th Annual Growth Stock Conference
31 May 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Remitly Global, Inc. - RELY
30 May 24