$RELY

William Blair added Remitly Global (RELY) to its October Analyst Conviction List, citing valuation, margin expansion, and user growth. The company trades at a P/E of 15.9x, below sector averages. Analysts forecast revenue growth of 15.7% annually, but earnings are expected to decline over the next three years. Key risks include competition and regulatory scrutiny. RELY's current margin is 16.9%, with revenue projected to reach US$3.0b and earnings US$248.2m by 2029.

Remitly (RELY) shares rose 7.5% after William Blair added it to its October Analyst Conviction List, citing attractive valuation and strong growth outlook. The stock closed at $22.63, up 3.9%. Remitly's revenue grew 25.7% YoY to $442.2M in Q4 2025, with EPS of $0.19 beating estimates. The company is up 73.7% YTD but still 14.7% below its 52-week high.

William Blair updated its October Analyst Conviction List, adding 12 stocks including Casey’s General Stores (CASY) and Remitly Global (RELY), and removing six. Remitly reported Q2 2026 earnings of $0.93 per share, beating estimates, with revenue up 20% YoY. Analysts raised price targets for RELY to $30 and $31, citing strong performance and guidance.

Coinbase (COIN) reported Q2 revenues of $1.22B, down 18.5% YoY, missing estimates by 5.9%. Robinhood (HOOD) reported $1.31B in revenues, up 32.3% YoY, beating estimates by 1.8%. LendingTree (TREE) and Remitly (RELY) also reported earnings, with mixed results. COIN is up 17.8%, HOOD up 29.3%, TREE down 38.7%, and RELY down 9.2% since reporting.

Remitly Global (RELY) reported over 10 million quarterly active customers, with Q2 2026 revenue and adjusted EBITDA exceeding guidance. The milestone suggests growing user traction and operational discipline, though long-term challenges like competition and regulatory changes remain. Analysts project $3.0B revenue and $248.2M earnings by 2029, with potential 51% upside.

Remitly (RELY) director Joshua D. Hug filed a notice to sell 5,500 shares, valued at $136,565, on September 9, 2026. The shares were acquired from exercised stock options in 2018. The filing also lists prior sales under a 10b5-1 plan, including 362,000 shares sold for $9.12M on July 16, 2026.

Remitly Global, Inc. has partnered with Etsy, Inc. to offer its payment services in 15 countries. Starting this fall, new international sellers on Etsy will have the option to choose Remitly for payouts, allowing them to hold earnings in USD and convert to local currencies. Remitly provides digital financial services in over 170 countries, facilitating cross-border payments via its mobile app or web platform.

MORRIS NIGEL W sold 6,300 shares of Remitly Global, Inc. (RELY) at $27.03 ($0.17M total) on 2026-09-02.

Remitly (RELY) reported Q2 2026 results with record revenue, adjusted EBITDA, and net income, and raised its full-year outlook. Active customers reached 10.2 million, up 20% YoY. Adjusted EBITDA grew 79% YoY to $114.7 million, while revenue increased 20% to $495.2 million. However, net income included a one-time $140.6 million tax benefit, and the take rate may be declining.

Remitly Global (RELY) shares rose 17.4% in August, reaching a 52-week high. Q2 2026 earnings showed 27% growth in send volume to $23.5B, 20% revenue growth to $495M, and 20% active customer growth to 10.2M. Operating margin hit 13.5%. The company expects revenue to reach nearly $2B this year, with potential for 15% annual growth and expanding profit margins.