Remitly Global Inc
NASDAQ:RELY

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Remitly Global Inc Logo
Remitly Global Inc
NASDAQ:RELY
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Price: 19.97 USD 1.06% Market Closed
Market Cap: 4B USD
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Net Margin
Remitly Global Inc

-5.6%
Current
-12%
Average
1.7%
Industry

Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.

Net Margin
-5.6%
=
Net Income
-66.3m
/
Revenue
1.2B

Net Margin Across Competitors

Country US
Market Cap 4B USD
Net Margin
-6%
Country US
Market Cap 613.1B USD
Net Margin
54%
Country US
Market Cap 479B USD
Net Margin
45%
Country US
Market Cap 122.4B USD
Net Margin
15%
Country US
Market Cap 120.8B USD
Net Margin
20%
Country US
Market Cap 84.6B USD
Net Margin
14%
Country US
Market Cap 56B USD
Net Margin
5%
Country US
Market Cap 50.7B USD
Net Margin
32%
Country US
Market Cap 46.9B USD
Net Margin
14%
Country NL
Market Cap 38.2B EUR
Net Margin
41%
Country ES
Market Cap 28.6B EUR
Net Margin
21%
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Remitly Global Inc
Glance View

Market Cap
4B USD
Industry
Technology

Remitly Global, Inc. engages in the provision of digital financial services for immigrants and their families. The company is headquartered in Seattle, Washington and currently employs 1,800 full-time employees. The company went IPO on 2021-09-23. The firm serves customers who are primarily immigrants from developing countries who have moved away from their families to seek new opportunities. The firm offers services through its mobile application for cross-border remittances. The company provides end to end process from the moment a customer connects their banking information to the application, they can send money home in minutes. Its customers and their families can also track the status of their transactions in real-time. The firm's features include digital experience, onboarding process, centralized portal for account management and customer support. The company has partnered with various banks, such as Barclays, Chase, HSBC, and Wells Fargo, and other global payment providers, including Visa.

RELY Intrinsic Value
16.45 USD
Overvaluation 18%
Intrinsic Value
Price

See Also

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What is Net Margin?

Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.

Net Margin
-5.6%
=
Net Income
-66.3m
/
Revenue
1.2B
What is the Net Margin of Remitly Global Inc?

Based on Remitly Global Inc's most recent financial statements, the company has Net Margin of -5.6%.