Remitly Global Inc. Common Stock (RELY)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am looking for durable earning power bought at a sensible price, and Remitly is a mixed picture. At the 2026-10-13 close of $23.76, FairStock calculations show a P/E of 17.09, P/B of 4.47, ROE of 32.25%, ROCE of 8.54%, and debt-to-equity of just 0.03. The balance sheet looks conservative, and trailing free cash flow of $375.1M gives a 7.5% FCF yield. Growth is real: revenue rose about 20.23%, and the company swung from losses, with FY2024 net income of -$37.0M and FY2023 net income of -$117.8M, to FY2025 net income of $67.9M. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $495.2M, net income was $205.9M, and diluted EPS was $0.93, after fiscal Q1 2026 net income of $49.1M. That is why FairStock calls it a TURNAROUND. But the quality of that profit spike matters. The Graham Number is only $12.90, leaving a margin of safety of -84.19%, so the price is not cheap on asset value. ROCE of 8.54% is modest relative to the high ROE. Cross-border remittances are competitive, and a true moat is not obvious from the numbers. FairStock's score of 44/100, Piotroski score of 5/9, and EV/EBITDA of 19.16 suggest the market already expects much. I would want proof that Q2 earning power repeats and that growth converts into consistent owner earnings.

In plain English: Remitly helps people send money across borders through a mobile app and website. The business is growing and has recently become profitable, and it produces positive cash flow, but the stock price looks high compared with the company's book value and a conservative value estimate. On current numbers, the price looks more suited to a growing business than a bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer