Remitly Global Inc is a digital financial services company that specializes in providing international money transfer services, enabling users to send money across borders quickly and securely. Leveraging technology, Remitly offers a user-friendly platform that allows customers to transfer funds via mobile apps and online services, catering primarily to immigrants and diaspora communities. In addition to money transfers, the company provides currency exchange and payment solutions, focusing on enhancing the user experience through transparency, speed, and reliability while meeting the needs of diverse customers globally. Read More
SEATTLE, May 09, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the following investor conferences:
Shares of online money transfer platform Remitly (NASDAQ:RELY) jumped 11.5% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' revenue and EBITDA expectations and featured raised full-year guidance on both metrics. Sales climbed 34% thanks to more people using the service and sending more money, with customer count up nearly 30% and volume rising over 40%.
That helped turn last year's loss into a solid profit this time around. Overall, this "beat-and-raise" quarter had some key positives.
Online money transfer platform Remitly (NASDAQ:RELY) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 34.4% year on year to $361.6 million. On the other hand, next quarter’s revenue guidance of $384 million was less impressive, coming in 0.9% below analysts’ estimates. Its GAAP profit of $0.05 per share was significantly above analysts’ consensus estimates.
Unprofitable companies face headwinds as they struggle to keep operating expenses under control.
Some may be investing heavily, but the majority fail to convert spending into sustainable growth.
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
SEATTLE, April 23, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that it will report first quarter financial results after the market close on Wednesday, May 7, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on.
But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
Remitly has been on fire lately. In the past six months alone, the company’s stock price has rocketed 59.9%, reaching $20.29 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the consumer internet industry, including Remitly (NASDAQ:RELY) and its peers.
Consumer internet businesses are redefining how people engage with the world by giving them instant connectivity and convenience. The new habits they’re cultivating are also unlocking the next leg of growth for the industry,
which has gained 7.8% over the past six months.
Investing here would have been wise - at the same time, the S&P 500 was flat.
The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead.
They also usually carry less risk than penny stocks, though they’re not immune to volatility as many lack the scale advantages of their larger peers.
Spruce Point Capital Management announces a new short position against Remitly Global as the short seller believes there's reason to be skeptical of the company's financial reporting and valuation.
Growth boosts valuation multiples, but it doesn’t always last forever.
Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.
