NEW YORK, July 3, 2026, 19:04 EDT
- Nasdaq is closed Friday for the Independence Day holiday. Remitly last traded in the regular session on Thursday.
- Remitly ended the session at $23.75, rising 3.49%. Shares traded at $24.22 after hours. That’s 2.8% under the stock’s 52-week high.
- Shares have climbed 72.1% this year, but investors are asking if margin improvements will keep making up for weaker revenue yield.
U.S. stock markets stayed closed Friday for the Independence Day holiday. Remitly Global Inc NASDAQ:RELY finished Thursday at $23.75 and last traded at $24.22 in after-hours. Shares rose 6.17% in the last five sessions and 26.53% in the past month. The 52-week range ran from $12.08 to $24.92. Thursday’s volume hit 2.99 million, about 63% of its 65-day average.
Remitly quote data in this table comes from MarketWatch, while Google Finance was used for the U.S. ETF benchmarks.
| Security | Last price | Last quoted move | Market read |
|---|---|---|---|
| Remitly Global Inc NASDAQ:RELY | $23.75 at the close; $24.22 in after hours | up 3.49% in regular, up 1.98% after hours | closed 4.7% off its 52-week high |
| SPDR S&P 500 ETF Trust (NYSEARCA:SPY) | $744.78 | down 0.11% | tracks big caps |
| Invesco QQQ Trust NASDAQ:QQQ | $712.60 | fell 1.70% | focus on Nasdaq growth |
| iShares Russell 2000 ETF (NYSEARCA:IWM) | $297.58 | slipped 0.58% | tracks small caps |
Remitly’s Q1 numbers paint a clearer picture. Send volume went up faster than revenue, so revenue per dollar sent dropped. Still, the stock climbed as operating leverage increased and more than offset the dip.
Remitly gave Q1 numbers in its release. Revenue yield and adjusted EBITDA margin are both calculated Reuters-style from those numbers.
| Q1 metric | 2025 | 2026 | Change |
|---|---|---|---|
| Active customers | 8.0 million | 9.6 million | +20% |
| Send volume | $16.2 billion | $22.1 billion | +37% |
| Revenue | $361.6 million | $452.8 million | +25% |
| Revenue / send volume | 2.23% | 2.05% | -18 bps |
| Adjusted EBITDA margin | 16.2% | 22.4% | +6.3 pct pts |
This is important because Remitly isn’t just getting valued on revenue growth anymore. Remitly had a market cap around $5.15 billion on Google Finance Thursday. With Q1 cash at $649.1 million and short-term debt at $2.8 million, that puts enterprise value near $4.51 billion. Based on the midpoint of Remitly’s 2026 forecast, the stock is trading at about 2.3 times revenue and 11.9 times adjusted EBITDA.
| Valuation input | Figure | Implied read |
|---|---|---|
| Market cap | $5.15 billion | 2.6 times the 2026 revenue guide midpoint |
| Net cash | $646.2 million | That’s 12.5% of market cap |
| Enterprise value | $4.51 billion | 2.3 times the 2026 revenue guide midpoint |
| Enterprise value / adjusted EBITDA | $4.51 billion / $377.5 million | 11.9 times the midpoint 2026 guide |
Chief Executive Sebastian Gunningham said Q1 hit “record revenue and Adjusted EBITDA,” pointing to “AI-driven efficiencies.” The company now sees 2026 revenue between $1.960 billion and $1.975 billion and adjusted EBITDA between $370 million and $385 million. For Q2, Remitly is guiding for revenue of $483 million to $485 million and adjusted EBITDA of $86 million to $88 million. Remitly Global, Inc
The week of July 6 matters for that guide again. Q2 revenue guidance points to about 7% growth over last quarter, but adjusted EBITDA for Q2 is guided lower than Q1’s $101.6 million. The stock needs to hold above $24 to stay close to the highs. Thursday’s 63% of average volume left a gap—if volume stays thin on a pullback, that could be the issue.
The peer quotes shown here are based on the latest Google Finance data from this session.
| Company | Price | Last move | Market cap | P/E |
|---|---|---|---|---|
| Remitly Global Inc NASDAQ:RELY | $23.75 | up 3.49% | $5.15 billion | 48.5 |
| Western Union Company NYSE:WU | $8.01 | up 2.10% | $2.54 billion | 5.9 |
| Euronet Worldwide Inc (NASDAQ:EEFT) | $77.18 | up 2.63% | $3.63 billion | 11.3 |
| PayPal Holdings Inc NASDAQ:PYPL | $45.47 | up 3.13% | $41.83 billion | 8.5 |
MarketWatch lists 13 analyst ratings for Remitly, with an average Buy and a target price at $28.25. Short interest was 15.75 million shares, or 8.9% of float, as of June 15.
Remitly’s digital remittance business lets people send money via mobile and web to over 5,100 corridors, according to its Reuters profile. The stock’s story centers on how well revenue per transaction holds up: adding more corridors and boosting volumes matter, but only if cost discipline can turn a shrinking take rate into rising profit.
