Remitly Global (RELY) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Remitly Global is expected to announce its Q3 2025 earnings on October 29th, with forecasts of earnings per share (EPS) at $0.02.
• The company's previous quarter results showed a net revenue increase of 34.4% year-over-year, despite missing EPS expectations.
• Analyst consensus for Remitly Global stock is a "Moderate Buy" with an average target price of $27.25, reflecting mixed ratings from various research reports.

Remitly Global (NASDAQ:RELY - Get Free Report) will likely be posting its Q3 2025 results before the market opens on Wednesday, October 29th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Interested persons can find conference call details on the company's upcoming Q3 2025 earningreport page for the latest details on the call scheduled for Wednesday, November 5, 2025 at 5:00 PM ET.

Remitly Global (NASDAQ:RELY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14). Remitly Global had a return on equity of 2.31% and a net margin of 0.96%.The firm had revenue of $411.85 million for the quarter, compared to analysts' expectations of $384.59 million. During the same period in the previous year, the business posted ($0.06) EPS. The business's revenue for the quarter was up 34.4% compared to the same quarter last year. On average, analysts expect Remitly Global to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Remitly Global Stock Up 3.2%

NASDAQ RELY opened at $16.54 on Wednesday. Remitly Global has a 52-week low of $14.28 and a 52-week high of $27.32. The business's 50-day moving average price is $17.50 and its 200 day moving average price is $18.97. The firm has a market cap of $3.41 billion, a P/E ratio of 275.71 and a beta of 0.10.

Analysts Set New Price Targets

RELY has been the subject of several research reports. Zacks Research downgraded Remitly Global from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Weiss Ratings restated a "sell (d+)" rating on shares of Remitly Global in a research report on Wednesday, October 8th. JMP Securities cut their price objective on Remitly Global from $32.00 to $23.00 and set a "market outperform" rating for the company in a research report on Monday, September 15th. KeyCorp restated an "overweight" rating and set a $28.00 price objective (up from $27.00) on shares of Remitly Global in a research report on Thursday, August 7th. Finally, William Blair restated an "outperform" rating on shares of Remitly Global in a research report on Friday, October 10th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.25.

Insider Activity

In other Remitly Global news, Director Phillip John Riese sold 5,000 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $20.00, for a total value of $100,000.00. Following the transaction, the director owned 112,496 shares in the company, valued at $2,249,920. The trade was a 4.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joshua Hug sold 40,777 shares of the business's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $18.41, for a total transaction of $750,704.57. Following the completion of the transaction, the director owned 3,654,288 shares in the company, valued at $67,275,442.08. This represents a 1.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,943 shares of company stock worth $1,696,348. 8.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Remitly Global

A number of institutional investors have recently modified their holdings of RELY. Raymond James Financial Inc. acquired a new stake in shares of Remitly Global in the 2nd quarter valued at about $89,000. Federated Hermes Inc. raised its stake in shares of Remitly Global by 30,330.4% in the 2nd quarter. Federated Hermes Inc. now owns 6,999 shares of the financial services provider's stock valued at $131,000 after purchasing an additional 6,976 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Remitly Global in the 1st quarter valued at about $218,000. Cetera Investment Advisers raised its stake in shares of Remitly Global by 12.0% in the 2nd quarter. Cetera Investment Advisers now owns 12,025 shares of the financial services provider's stock valued at $226,000 after purchasing an additional 1,286 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of Remitly Global in the 2nd quarter valued at about $485,000. Institutional investors and hedge funds own 74.25% of the company's stock.

About Remitly Global

Remitly Global, Inc provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 170 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.

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