Why Remitly Global Stock Jumped In February
Shares of Remitly Global (NASDAQ: RELY) popped 26.3% in February, according to data from S&P Global Market Intelligence. The remittance provider released earnings on February 18th, showing strong growth, healthy margin expansion, and providing robust guidance for 2026. However, shares of Remitly are still down 64% from highs set at the time of its initial public offering (IPO) five years ago.
Here's why Remitly shares are soaring in February, and whether it is a buy for your portfolio today.
In the fourth quarter of 2025, Remitly's revenue grew 26% year over year to $442 million. This was driven by an increase of 19% in active customers and 35% in send volume. As a mobile remittance disruptor, Remitly is now targeting large-volume senders -- both individuals and businesses -- which is lowering its take rate but still driving robust revenue growth.
Source Fool.com
