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Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
2018
2.8K+
LTM Revenue $1.4B
LTM EBITDA $153M
$3.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Remitly Global has a last 12-month revenue of $1.4B and a last 12-month EBITDA of $153M.
In the most recent fiscal year, Remitly Global achieved revenue of $1.3B and an EBITDA of -$9.0M.
Remitly Global expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Remitly Global valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $944M | $1.3B | XXX | XXX | XXX |
| Gross Profit | $327M | $533M | XXX | XXX | XXX |
| Gross Margin | 35% | 42% | XXX | XXX | XXX |
| EBITDA | -$96.5M | -$9.0M | XXX | XXX | XXX |
| EBITDA Margin | -10% | -1% | XXX | XXX | XXX |
| Net Profit | -$114M | -$118M | XXX | XXX | XXX |
| Net Margin | -12% | -9% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 18, 2025, Remitly Global's stock price is $20.
Remitly Global has current market cap of $4.0B, and EV of $3.6B.
See Remitly Global trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.6B | $4.0B | XXX | XXX | XXX | XXX | $0.67 |
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Sign UpAs of April 18, 2025, Remitly Global has market cap of $4.0B and EV of $3.6B.
Remitly Global's trades at 2.7x LTM EV/Revenue multiple, and 23.7x LTM EBITDA.
Analysts estimate Remitly Global's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Remitly Global and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $3.6B | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | -405.1x | XXX | XXX | XXX |
| P/E | -107.6x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 20.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpRemitly Global's NTM/LTM revenue growth is 23%
Remitly Global's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Remitly Global's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Remitly Global's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Remitly Global and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 34% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -1% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -91% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 23% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 24% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 15% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 21% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 62% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Ease2pay | XXX | XXX | XXX | XXX | XXX | XXX |
| OFX Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Al Ansari Financial Servs | XXX | XXX | XXX | XXX | XXX | XXX |
| GalaxiaMoneytree | XXX | XXX | XXX | XXX | XXX | XXX |
| Finseta | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Remitly Global acquired XXX companies to date.
Last acquisition by Remitly Global was XXXXXXXX, XXXXX XXXXX XXXXXX . Remitly Global acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Remitly Global founded? | Remitly Global was founded in 2018. |
| Where is Remitly Global headquartered? | Remitly Global is headquartered in United States of America. |
| How many employees does Remitly Global have? | As of today, Remitly Global has 2.8K+ employees. |
| Who is the CEO of Remitly Global? | Remitly Global's CEO is Mr. Matthew Oppenheimer. |
| Is Remitly Global publicy listed? | Yes, Remitly Global is a public company listed on NAS. |
| What is the stock symbol of Remitly Global? | Remitly Global trades under RELY ticker. |
| When did Remitly Global go public? | Remitly Global went public in 2021. |
| Who are competitors of Remitly Global? | Similar companies to Remitly Global include e.g. Ease2pay, OFX Group, Al Ansari Financial Servs, GalaxiaMoneytree. |
| What is the current market cap of Remitly Global? | Remitly Global's current market cap is $4.0B |
| What is the current revenue of Remitly Global? | Remitly Global's last 12-month revenue is $1.4B. |
| What is the current EBITDA of Remitly Global? | Remitly Global's last 12-month EBITDA is $153M. |
| What is the current EV/Revenue multiple of Remitly Global? | Current revenue multiple of Remitly Global is 2.7x. |
| What is the current EV/EBITDA multiple of Remitly Global? | Current EBITDA multiple of Remitly Global is 23.7x. |
| What is the current revenue growth of Remitly Global? | Remitly Global revenue growth between 2023 and 2024 was 34%. |
| Is Remitly Global profitable? | Yes, Remitly Global is EBITDA-positive (as of the last 12 months). |
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