Remitly Global, Inc.(RELY)— Stock Profile, AI Score & Financials
Industrials · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Remitly Global, Inc. (RELY) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores RELY at 72.5/100 on a 32-signal composite quality model, placing it at rank #153 of 2,960 stocks — the top 10% of the AI-ranked universe. RELY scores in the top quartile across balance sheet strength (97.0), revenue growth (88.2), profitability (81.3). Shareholder dilution risk is elevated at 16.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Remitly Global, Inc. reports quarterly revenue of $495.2M, net income of $205.9M, free cash flow of $133.4M. Top institutional holders of RELY by reported 13-F value include FMR, BlackRock, BAILLIE GIFFORD, based on the most recent SEC filings. RELY trades on the Nasdaq exchange and files with the SEC under CIK 1782170. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RELY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Remitly Global, Inc. directly from SEC EDGAR.
AI Quality Score
72.5/100
AI Rank
#153
Revenue
$495.2M
Net Income
$205.9M
Free Cash Flow
$133.4M
RELY key financials by period
Remitly Global, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$1.6B
$67.9M
4.7%
FY 2024
10-K
$1.3B
$-37.0M
-3.1%
FY 2023
10-K
$944.3M
$-117.8M
-12.1%
FY 2022
10-K
$653.6M
$-114.0M
-18.5%
FY 2021
10-K
$458.6M
$-38.8M
-8.7%
FY 2020
10-K
$257.0M
$-32.6M
-11.4%
Institutions holding RELY
Institutional investors reporting a position in Remitly Global, Inc. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 20% to $495.2M and operating income jumped 355% to $66.7M, while a $140.6M U.S. valuation allowance release lifted net income to $205.9M.
Biggest Revenue Drivers
United States$336.8M
Sending-customer geography; company-wide growth driven by 20% increase in active customers to 10.2 million and strong retention
Rest of world$115.0M
Customers primarily send from the United Kingdom and other European countries; product and geographic expansion added corridors
Biggest Revenue Drivers
Total revenue: $495.2M+20% YoY
United States$336.8M
Sending-customer geography; company-wide growth driven by 20% increase in active customers to 10.2 million and strong retention
Rest of world$115.0M
Customers primarily send from the United Kingdom and other European countries; product and geographic expansion added corridors
Canada$43.3M
Significant portion of international operations conducted in Canadian dollars, exposing results to translation effects
Largest Expense Items
Transaction expenses$161.2M+12% YoY
$19.6M (18%) increase in direct processing and disbursement costs, partially offset by a $3.5M decrease in provision for transaction losses
Marketing$104.4M+23% YoY
$19.1M increase in advertising expense, including online and offline marketing spend and promotion costs to acquire new customers
Technology and development$74.0M-4% YoY
$7.4M decrease in personnel-related costs, partially offset by a $5.3M increase in cloud software costs supporting incremental volume
General and administrative$55.9M-6% YoY
$3.9M decrease in provisions related to collectability of amounts due from certain processing partners
Margins: Transaction expenses fell to 33% of revenue from 35%, technology and development to 15% from 19% on AI-driven efficiencies, and G&A to 11% from 14%; marketing held at 21%.
Watch Items from the Filing
Net income of $205.9M includes a $140.6M discrete tax benefit from releasing the full U.S. valuation allowance — a non-recurring item; pre-tax income was $64.6M.
Send volume grew 27% to $23.5 billion while revenue grew 20%, and sales incentives reducing revenue rose to $14.2M from $11.3M.
Restructuring charges of $4.2M in the quarter and $15.8M year-to-date cover severance and lease exits in Israel and Ireland, expected complete by December 31, 2026.
Disbursement prefunding of $234.6M is held by partners typically located in India, Mexico, and the Philippines, concentrating credit and counterparty risk.
No individual customer represented 10% or more of revenue; $110.5M remains under the $200.0M repurchase program and no borrowings were outstanding at quarter end.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
