Remitly (NASDAQ: RELY), a digitally native provider of cross-border remittance services, went public in Sept. 2021.
At the time, it lacked a clear path to profitability
But in 2023, its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) turned positive. In 2025, it turned profitable by generally accepted accounting principles (GAAP). Its rising profits led to its inclusion in the S&P SmallCap 600 index this May.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue » From 2025 to 2028, analysts expect Remitly’s revenue to grow at a 19% CAGR, as its adjusted EBITDA and GAAP EPS increase at CAGRs of 30% and 54%, respectively.