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DCF valuation

What is Remitly Global, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Remitly Global, Inc.'s reported free cash flow gives $47.97 per share. The share price was $23.48 on November 10, 2026, 51% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$295.7M
Average free cash flow, last 5 years
$66.5M
Cash
$669.1M
balance sheet of September 30, 2026
Debt
$0
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
217,569,896
Revenue growth per year, last 4 years
58.8%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$30.35+29%
Base15.0%9.0%2.5%9.0%$47.97+104%
Bull20.0%11.5%3.0%8.0%$80.78+244%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$61.31$65.47$70.55$76.91$85.08
8.0%$51.29$53.99$57.17$61.00$65.67
9.0%$44.00$45.84$47.97$50.45$53.39
10.0%$38.47$39.78$41.27$42.97$44.93
11.0%$34.15$35.11$36.18$37.39$38.76

Where the presets come from

Base: years 1 to 5 grow at Remitly Global, Inc.'s revenue growth rate over the last 4 fiscal years (58.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Remitly Global, Inc. company page