ROARABLE // PRO
GLOBAL DESKS // NYC --:--:-- NYSE
US TAPE
ROAR ▸

RELY // Remitly Global Inc.

DES <GO> NASDAQ RQD COCKPIT → CIK 0001782170 ↗
Consumer Discretionary • Business Services
$24.64 ▲ +0.37 (+1.53%)
MKT CAP: $5.22B • VOL: 1.56M
RELY // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE
▲ UPGRADE // C (RQD 64) -> B (RQD 72)
ROARABLE B
RQD CONFIDENCE
72 / 100 +8D
5 X 20-PT QUANT PILLARS
E 0 D 35 C 59 B 70 A 86+
Roarable Buy — Good Risk/Reward
01 MASSIVE / SEC XBRL
Forensic Fundamentals
15 / 20
SOLID
FCF +180% vs NI +200% • ROIC-WACC +3.3% • Z 6.91
02 INSTITUTIONAL TAPE & TREND
Whale & Options Flow
16 / 20
STRONG
52W RANGE 82% • VS 200D +19.7% • RSI 55.9
03 SEC XBRL CAPITAL ALLOCATION
Insider & Capital Conviction
[LOCKED] FLAGGED
UNLOCK BELOW TO REVEAL
04 FRED 90D r-MATRIX
Macro Regime Fit
[LOCKED] FLAGGED
UNLOCK BELOW TO REVEAL
05 10-K REDLINE AUDIT
Forensic 10-K Risk
16 / 20
STRONG
20 BASE - 4 DEDUCT • 0 CRIT / 0 MED • STABLE
ALERT

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RELY // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +3.62%📐 HORIZONTAL RANGE
2026-11-02O $24.27H $24.64L $24.27C $24.64VOL 1.56M
RES: $29.42SUP: $17.56SMA50: $23.74SMA200: $20.59
$28.28$24.97$21.65$18.34$15.02RES $29.42SUP $17.56$24.642026-05-042026-06-172026-08-042026-09-172026-11-02
RELY // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE
NEUTRAL / PAIR TRADE CONVICTION: 48/100
BEAR 0
100 BULL

Remitly Global Inc. (RELY) exhibits 45.0% gross margins and 12.7% return on invested capital within Consumer Discretionary (Business Services), balanced against a 47.1x enterprise multiple and 4.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)
01. Operating Leverage & Capital Efficiency Moat

Sustained 45.0% gross profitability converts into 4.7% operating margin and 12.7% ROIC, outpacing sector cost of capital.

ROIC: 12.7% // GM: 45.0%
02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of +29.4% paired with 5.67% free cash flow yield supports self-funded R&D and capital return.

REV YOY: +29.4% // FCF YLD: 5.67%
03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 6.91 and Piotroski F-Score of 8/9 indicate low near-term refinancing stress.

ALTMAN Z: 6.91 // F-SCORE: 8/9
▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)
01. Multiple Compression & Duration Sensitivity

Trading at 76.8x trailing P/E (64.5x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 76.8x // EV/EBITDA: 47.1x
02. Options Skew & Event Volatility Risk

Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $24.64 max pain.

IMPL MOVE: ±5.2% // P/C: 0.85
03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Business Services require continuous execution to defend 4.2% net margins.

NET MARGIN: 4.2% // D/E: 0.18x
KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 64.5x forward consensus, and institutional 13F positioning.
MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.10).
FORM 4 & 13F FLOW OPEN OWN <GO>
FILER SIDE $ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>
UNUSUAL OPTIONS TAPE OPEN OPT <GO>
STRIKE / EXP TYPE PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>
KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>
TRAILING P/E 76.8x
FORWARD P/E 64.5x
EV / EBITDA 47.1x
FCF YIELD 5.67%
GROSS MARGIN —
OPERATING MARGIN 4.7%
NET MARGIN 4.2%
ROIC % 12.7%
REV GROWTH YOY +29.4%
DILUTED EPS TTM $0.32
DEBT / EQUITY 0.18x
DIVIDEND YIELD 0.00%
RSI-14 MOMENTUM 55.9
5Y EQUITY BETA —
FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>
MACRO CORRELATION CALIBRATION ACTIVE BELOW.
FRED MACRO REGIME STRESS-TEST SIMULATOR // RELYPEARSON R VARIANCE ENGINE
01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO
02 // POSITION NOTIONAL EXPOSURE
HEADLINE STRESS SCORE
75/100SEVERE DRAWDOWN PRESSURE
PRIMARY FACTOR EXPOSURE
DFII10 // -0.61 r
Latest: 2.08%
EST. DIRECTIONAL MOVE
-8.50%
Implied Px: $22.55
EST. DOLLAR VARIANCE
-$4,248
On $50,000 Notional
[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

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HEAD-TO-HEAD PEER COMPARISONS COMP <GO>