Remitly Global Inc
NASDAQ:RELY

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Remitly Global Inc
NASDAQ:RELY
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Price: 22.34 USD 3.38% Market Closed
Market Cap: 4.4B USD
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Gross Margin
Remitly Global Inc

65.8%
Current
62%
Average
46.6%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
65.8%
=
Gross Profit
774.5m
/
Revenue
1.2B

Gross Margin Across Competitors

Country US
Market Cap 4.4B USD
Gross Margin
66%
Country US
Market Cap 624.6B USD
Gross Margin
80%
Country US
Market Cap 481.3B USD
Gross Margin
0%
Country US
Market Cap 119.9B USD
Gross Margin
46%
Country US
Market Cap 117.3B USD
Gross Margin
61%
Country US
Market Cap 87.4B USD
Gross Margin
40%
Country US
Market Cap 55B USD
Gross Margin
36%
Country US
Market Cap 49.5B USD
Gross Margin
0%
Country NL
Market Cap 44.8B EUR
Gross Margin
88%
Country US
Market Cap 44.2B USD
Gross Margin
38%
Country ES
Market Cap 29.6B EUR
Gross Margin
76%
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Remitly Global Inc
Glance View

Market Cap
4.4B USD
Industry
Technology

In the ever-evolving landscape of digital finance, Remitly Global Inc. has carved a niche by addressing an age-old need: international money transfers. Founded in 2011, this Seattle-based company leverages technology to transform the way people send money across borders. While traditional money transfer services often come with high fees and sluggish service, Remitly offers an alternative rooted in efficiency and customer-centric solutions. Using a mobile-first strategy, the company provides an easy-to-navigate platform that enables users to send funds directly from a smartphone app, touching lives significantly in regions with underserved financial infrastructures. The process is seamless—after users link their bank accounts or debit cards, they can send money to over 100 countries, where recipients can then collect it in local currencies through bank deposits, cash pickups, or mobile wallets. Remitly's revenue model is straightforward yet effective. The company charges a transaction fee for each transfer, which can vary based on currency, amount, and delivery speed. Additionally, they earn a margin on the foreign exchange rates offered to customers, which is slightly above the mid-market rate. By keeping these charges competitive, Remitly not only maximizes its potential customer base but fosters loyalty in a sector where trust is tantamount. This business model has driven rapid growth, positioning Remitly as a trusted partner for millions of immigrants and expatriates who rely on safe, timely money transfers to support their families and communities back home. In essence, Remitly thrives by marrying modern technology with fundamental human connections, redefining cross-border financial services in an increasingly interconnected world.

RELY Intrinsic Value
18.19 USD
Overvaluation 19%
Intrinsic Value
Price

See Also

Discover More
What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
65.8%
=
Gross Profit
774.5m
/
Revenue
1.2B
What is the Gross Margin of Remitly Global Inc?

Based on Remitly Global Inc's most recent financial statements, the company has Gross Margin of 65.8%.