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
Online money transfer platform Remitly (NASDAQ:RELY) reported Q2 CY2025 results exceeding the market’s revenue expectations, with sales up 34.4% year on year to $411.9 million. Guidance for next quarter’s revenue was better than expected at $412 million at the midpoint, 1.4% above analysts’ estimates. Its GAAP profit of $0.03 per share was significantly above analysts’ consensus estimates.
Second quarter send volume up 40% and revenue up 34% year over year Second quarter net income was $6.5 million and Adjusted EBITDA was $64.0 million Board of Directors authorizes $200 million share repurchase program
A number of stocks jumped in the pre-market session after markets rebounded following a sharp sell-off in the previous trading session, as a weaker-than-expected U.S. jobs report fueled speculation that the Federal Reserve will cut interest rates in September.
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.
A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
SEATTLE, July 21, 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 second quarter financial results after the market close on Wednesday, August 6, 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.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Remitly (NASDAQ:RELY) and the rest of the consumer internet stocks fared in Q1.
A number of stocks fell in the afternoon session after the Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada.
Consumer internet businesses are redefining how people engage with the world by giving them instant connectivity and convenience. Luckily for them, the market seems to believe there is a long runway for growth
as the industry has recorded a 3.7% gain over the past six months while the S&P 500 was stuck in neutral.
Over the past six months, Remitly’s shares (currently trading at $19.31) have posted a disappointing 11.1% loss while the S&P 500 was down 1.6%. This may have investors wondering how to approach the situation.
Small-cap stocks in the Russell 2000 (^RUT) can be a goldmine for investors looking beyond the usual large-cap names.
But with less stability and fewer resources than their bigger counterparts, these companies face steeper challenges in scaling their businesses.
REMITLY GLOBAL INC (NASDAQ:RELY) combines strong revenue growth, earnings momentum, and a solid technical setup, making it a candidate for high-growth investors.
Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks.
But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.
