Latest Ratios: P/E Ratio 77.8x · EV/EBITDA 44.6x · ROE 8.9%. (2002–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.1B | $3.0B | $4.4B | $3.5B | $1.9B | $1.3B | — | — | — | — | — |
| Enterprise Value | $4.8B | $2.7B | $4.0B | $3.3B | $1.6B | $855M | — | — | — | — | — |
| P/E Ratio → | 77.84 | 44.52 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.11 | 1.84 | 3.48 | 3.72 | 2.94 | 2.73 | — | — | — | — | — |
| P/B Ratio | 6.04 | 3.46 | 6.60 | 6.63 | 4.00 | 2.61 | — | — | — | — | — |
| P/FCF | 17.19 | 10.16 | 24.85 | — | — | — | — | — | — | — | — |
| P/OCF | 15.63 | 9.24 | 22.59 | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.64 | 3.20 | 3.53 | 2.49 | 1.86 | — | — | — | — | — |
| EV / EBITDA | 44.61 | 25.12 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 58.28 | 33.83 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 9.07 | 22.86 | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.1% | 57.1% | 59.2% | 56.4% | 50.0% | 48.3% | 47.1% | 42.1% | 4.4% | 5.3% | 6.5% |
| Operating Margin | 5.0% | 5.0% | -3.1% | -12.1% | -18.5% | -8.7% | -11.4% | -40.0% | -9.6% | -5.5% | 1.5% |
| Net Profit Margin | 4.2% | 4.2% | -2.9% | -12.5% | -17.4% | -8.5% | -12.7% | -40.6% | -9.0% | -8.3% | -2.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.9% | 8.9% | -6.2% | -23.3% | -23.7% | -11.8% | -22.3% | -293.9% | — | -117.9% | -27.9% |
| ROA | 5.5% | 5.5% | -3.6% | -13.6% | -17.3% | -7.8% | -10.4% | -12.0% | -19.5% | -15.3% | -7.7% |
| ROIC | 14.2% | 14.2% | -8.9% | -31.9% | -66.8% | -37.3% | -69.1% | — | -73.3% | -13.2% | 5.7% |
| ROCE | 9.4% | 9.4% | -5.8% | -19.8% | -24.9% | -11.9% | -19.3% | -21.0% | -30.7% | -13.4% | 5.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.25 | 0.25 | 0.02 | 0.27 | 0.02 | 0.01 | 0.49 | 0.46 | — | 10.67 | 2.22 |
| Debt / EBITDA | 2.06 | 2.06 | — | — | — | — | — | — | — | — | 4.96 |
| Net Debt / Equity | — | -0.37 | -0.53 | -0.34 | -0.61 | -0.83 | -0.57 | -1.11 | — | 9.86 | 1.97 |
| Net Debt / EBITDA | -3.02 | -3.02 | — | — | — | — | — | — | — | — | 4.40 |
| Debt / FCF | — | -1.09 | -1.99 | — | — | — | — | -105.50 | — | — | 4.19 |
| Interest Coverage | 10.41 | 10.41 | -8.33 | -46.59 | -85.77 | -29.03 | -25.41 | -30.80 | -642.00 | -1.99 | -0.22 |
Net cash position: cash ($542M) exceeds total debt ($220M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.30 | 3.30 | 2.73 | 2.54 | 3.20 | 4.29 | 1.90 | 1.72 | 1.32 | 1.74 | 1.75 |
| Quick Ratio | 3.30 | 3.30 | 2.73 | 2.54 | 3.20 | 4.29 | 1.90 | 1.72 | 0.85 | 1.02 | 1.10 |
| Cash Ratio | 2.08 | 2.08 | 1.12 | 0.88 | 1.44 | 2.85 | 1.03 | 1.26 | 0.14 | 0.17 | 0.23 |
| Asset Turnover | — | 1.12 | 1.25 | 0.91 | 0.94 | 0.73 | 0.71 | 0.48 | 2.27 | 1.94 | 1.63 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 12.00 | 10.01 | 10.58 |
| Days Sales Outstanding | — | 63.94 | 61.51 | 153.78 | 106.89 | 53.50 | 72.06 | 85.14 | 33.21 | 25.82 | 24.60 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.3% | 2.2% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 5.8% | 9.8% | 4.0% | — | — | — | — | — | — | — | — |
| Buyback Yield | 1.0% | 1.7% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 1.0% | 1.7% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $218M | $195M | $181M | $168M | $61M | $152M | $21M | $29M | $29M | $29M |
Regulatory and immigration policy
According to current market data, RELY trades at a trailing P/E of 72.16, which, when compared to the broader software infrastructure sector, suggests that investors are pricing in significant long-term market share gains rather than immediate earnings yield.
The forward P/E of 34.90 indicates that the market anticipates a substantial earnings inflection as the company scales. This valuation appears to be a bet on the company's ability to maintain its digital-first moat against both legacy incumbents and emerging fintech disruptors.
Based on reported figures, RELY's ROIC has shifted from a negative 7.0% in 2023Q4 to a positive 11.6% by 2026Q1, signaling that the company is finally beginning to generate meaningful returns on the capital deployed into its digital infrastructure.
This trend suggests that the heavy upfront investment in technology and customer acquisition is starting to yield operating leverage. Investors should monitor whether this ROIC expansion is sustainable or if it remains sensitive to the cyclical nature of marketing spend required to maintain growth.
As reported in recent financial statements, the company's DSO has fluctuated significantly, peaking at 144 days in 2024Q1 before moderating, which highlights the inherent complexity of managing settlement cycles across 150 different international jurisdictions.
The variability in these efficiency metrics suggests that the company's cash conversion cycle is highly dependent on the specific mix of corridors and payment methods utilized. A more stable DSO would likely indicate improved operational maturity and better control over the underlying disbursement network.
Based on an analysis of the company's financial structure, the P/E ratio is a commonly misapplied metric for RELY because it fails to account for the heavy impact of stock-based compensation on reported net income.
Given the company's stage of growth, investors should prioritize EV/EBITDA or free cash flow metrics to better understand the underlying operational cash generation. Relying solely on P/E may lead to an inaccurate assessment of the company's true economic profitability and its ability to self-fund future expansion.
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying RELY stock.
Remitly Global, Inc.'s current P/E ratio is 77.8x. The historical average is 44.5x. This places it at the 100th percentile of its historical range.
Remitly Global, Inc.'s current EV/EBITDA is 44.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 25.1x.
Remitly Global, Inc.'s return on equity (ROE) is 8.9%. The historical average is -16.6%.
Based on historical data, Remitly Global, Inc. is trading at a P/E of 77.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Remitly Global, Inc. has 57.1% gross margin and 5.0% operating margin.
Remitly Global, Inc.'s Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.