Remitly Global (RELY)
Market Price (10/6/2026): $22.925 | Market Cap: $4.8 BilSector: Financials | Industry: Transaction & Payment Processing Services
Remitly Global (RELY)
Market Price (10/6/2026): $22.925Market Cap: $4.8 BilSector: FinancialsIndustry: Transaction & Payment Processing Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3%, FCF Yield is 7.8% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Digital Payments. | Weak multi-year price returns3Y Excs Rtn is -91% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 28x Key risksRELY key risks include [1] its business model's reliance on a global network of third-party payment providers and banks, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3%, FCF Yield is 7.8% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Digital Payments. |
| Weak multi-year price returns3Y Excs Rtn is -91% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 28x |
| Key risksRELY key risks include [1] its business model's reliance on a global network of third-party payment providers and banks, Show more. |
Qualitative Assessment
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Remitly Global (RELY) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Strong Q2 2026 Performance and Raised Full-Year Guidance Largely Priced In. Remitly Global reported robust fiscal Q2 2026 results on August 5, 2026, exceeding analyst expectations with revenue of $495.2 million (up 20% year-over-year) and adjusted EPS of $0.93, significantly beating the $0.12-$0.13 consensus. The company also surpassed 10 million quarterly active users and raised its full-year 2026 revenue guidance to $1.978-$1.988 billion and adjusted EBITDA to $410-$415 million. This positive news had already fueled a substantial stock increase of 62.4% in the first half of 2026, leading to a stabilization of the stock price as these strong results and future projections were largely incorporated by the start of the specified period.
2. Increased Growth Investments Moderating Short-Term Margin Expansion. Despite record Q2 2026 adjusted EBITDA of $115 million and a 23% margin, Remitly's fiscal Q3 2026 guidance projected a slightly lower adjusted EBITDA margin of 18-19% on expected revenue of $505-$507 million. This reflects ongoing strategic investments in expanding market share, particularly in high-value senders, and the launch of new products such as the Remitly Global Card in July 2026, which combines send, spend, save, and borrow functionalities. While these investments are aimed at long-term growth and diversification, they may temper short-term profit margin expansion, leading to a more neutral stock movement during this period.
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Remitly Global (RELY) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Strong Q2 2026 Performance and Raised Full-Year Guidance Largely Priced In. Remitly Global reported robust fiscal Q2 2026 results on August 5, 2026, exceeding analyst expectations with revenue of $495.2 million (up 20% year-over-year) and adjusted EPS of $0.93, significantly beating the $0.12-$0.13 consensus. The company also surpassed 10 million quarterly active users and raised its full-year 2026 revenue guidance to $1.978-$1.988 billion and adjusted EBITDA to $410-$415 million. This positive news had already fueled a substantial stock increase of 62.4% in the first half of 2026, leading to a stabilization of the stock price as these strong results and future projections were largely incorporated by the start of the specified period.
2. Increased Growth Investments Moderating Short-Term Margin Expansion. Despite record Q2 2026 adjusted EBITDA of $115 million and a 23% margin, Remitly's fiscal Q3 2026 guidance projected a slightly lower adjusted EBITDA margin of 18-19% on expected revenue of $505-$507 million. This reflects ongoing strategic investments in expanding market share, particularly in high-value senders, and the launch of new products such as the Remitly Global Card in July 2026, which combines send, spend, save, and borrow functionalities. While these investments are aimed at long-term growth and diversification, they may temper short-term profit margin expansion, leading to a more neutral stock movement during this period.
3. Dynamic Fintech Landscape and Competitive Pressures. The cross-border remittance and broader fintech industry continued to be highly dynamic in fiscal Q3 2026. While Remitly expanded its global network, including new send countries like Japan and Brazil, and leveraged AI for operational efficiencies, the sector also saw rapid advancements in stablecoin integration into financial infrastructure and increased competition from both traditional financial institutions and other fintech players. The global remittance market is projected to reach $212.43 billion in 2026 with continued growth, indicating a large but increasingly competitive environment where Remitly's growth initiatives are met with strong industry-wide evolution.
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Stock Movement Drivers
Fundamental Drivers
The 2.2% change in RELY stock from 6/30/2026 to 10/5/2026 was primarily driven by a 175.4% change in the company's Net Income Margin (%).| (LTM values as of) | 6302026 | 10052026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.41 | 22.91 | 2.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,726 | 1,810 | 4.8% |
| Net Income Margin (%) | 6.1% | 16.9% | 175.4% |
| P/E Multiple | 44.8 | 15.8 | -64.6% |
| Shares Outstanding (Mil) | 211 | 211 | 0.1% |
| Cumulative Contribution | 2.2% |
Market Drivers
6/30/2026 to 10/5/2026| Return | Correlation | |
|---|---|---|
| RELY | 2.2% | |
| Market (SPY) | 3.8% | 32.3% |
| Sector (XLF) | 0.5% | 42.7% |
Fundamental Drivers
The 46.2% change in RELY stock from 3/31/2026 to 10/5/2026 was primarily driven by a 305.7% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 10052026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.67 | 22.91 | 46.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,635 | 1,810 | 10.7% |
| Net Income Margin (%) | 4.2% | 16.9% | 305.7% |
| P/E Multiple | 48.4 | 15.8 | -67.3% |
| Shares Outstanding (Mil) | 210 | 211 | -0.5% |
| Cumulative Contribution | 46.2% |
Market Drivers
3/31/2026 to 10/5/2026| Return | Correlation | |
|---|---|---|
| RELY | 46.2% | |
| Market (SPY) | 19.4% | 37.8% |
| Sector (XLF) | 9.5% | 32.3% |
Fundamental Drivers
The 40.6% change in RELY stock from 9/30/2025 to 10/5/2026 was primarily driven by a 1649.9% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 10052026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.30 | 22.91 | 40.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,462 | 1,810 | 23.8% |
| Net Income Margin (%) | 1.0% | 16.9% | 1649.9% |
| P/E Multiple | 237.0 | 15.8 | -93.3% |
| Shares Outstanding (Mil) | 205 | 211 | -2.9% |
| Cumulative Contribution | 40.6% |
Market Drivers
9/30/2025 to 10/5/2026| Return | Correlation | |
|---|---|---|
| RELY | 40.6% | |
| Market (SPY) | 17.3% | 31.3% |
| Sector (XLF) | 1.2% | 28.1% |
Fundamental Drivers
The -9.2% change in RELY stock from 9/30/2023 to 10/5/2026 was primarily driven by a -52.8% change in the company's P/S Multiple.| (LTM values as of) | 9302023 | 10052026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.22 | 22.91 | -9.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 798 | 1,810 | 126.7% |
| P/S Multiple | 5.7 | 2.7 | -52.8% |
| Shares Outstanding (Mil) | 179 | 211 | -15.1% |
| Cumulative Contribution | -9.2% |
Market Drivers
9/30/2023 to 10/5/2026| Return | Correlation | |
|---|---|---|
| RELY | -9.2% | |
| Market (SPY) | 87.5% | 28.0% |
| Sector (XLF) | 69.6% | 26.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RELY Return | -57% | -44% | 70% | 16% | -39% | 58% | -55% |
| Peers Return | -15% | -32% | -5% | 24% | -27% | -1% | -51% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| RELY Win Rate | 0% | 50% | 75% | 58% | 42% | 60% | |
| Peers Win Rate | 42% | 38% | 55% | 47% | 38% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| RELY Max Drawdown | - | -67% | -35% | -46% | -55% | -26% | |
| Peers Max Drawdown | -40% | -53% | -39% | -25% | -43% | -32% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PYPL, WU, EEFT, PAYO, FLYW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/5/2026 (YTD)
How Low Can It Go
| Event | RELY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.0% | -18.8% |
| % Gain to Breakeven | 38.9% | 23.1% |
| Time to Breakeven | 485 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -65.8% | -24.5% |
| % Gain to Breakeven | 192.2% | 32.4% |
| Time to Breakeven | 439 days | 427 days |
In The Past
Remitly Global's stock fell -28.0% during the 2025 US Tariff Shock. Such a loss loss requires a 38.9% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | RELY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.0% | -18.8% |
| % Gain to Breakeven | 38.9% | 23.1% |
| Time to Breakeven | 485 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -65.8% | -24.5% |
| % Gain to Breakeven | 192.2% | 32.4% |
| Time to Breakeven | 439 days | 427 days |
In The Past
Remitly Global's stock fell -28.0% during the 2025 US Tariff Shock. Such a loss loss requires a 38.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Remitly Global (RELY)
Remitly Global, Inc. (RELY) is a digital financial services company that specializes in facilitating international money transfers. The company's core mission is to serve immigrants and their families by providing a convenient and reliable platform for sending funds across borders.
The primary service offered by Remitly is its cross-border remittance platform, which enables users to digitally send money from one country to another. This service is crucial for individuals supporting family members abroad, often in developing economies, offering a modern alternative to traditional money transfer methods.
Remitly's primary customers are immigrants and their families, with its platform currently supporting transfers to approximately 150 countries. The company addresses a significant need within the global diaspora for efficient, secure, and accessible financial connections between their current residences and home countries.
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Here are 1-3 brief analogies for Remitly Global:
- A digital Western Union
- PayPal for immigrants sending money internationally
- Wise (formerly TransferWise) for immigrant families
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- Cross-Border Remittance Services: Remitly enables immigrants and their families to send money digitally across international borders to approximately 150 countries.
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Remitly Global (RELY) primarily sells its services to individuals.
Major Customer Categories:
- Immigrants and Migrant Workers: These are individuals who have relocated from their home countries to live and work abroad. They utilize Remitly's cross-border remittance platform to regularly send money to their families, dependents, or for personal financial management in their countries of origin. This group represents the core demographic and primary users of Remitly's services, as the company explicitly states its focus on "immigrants and their families."
- Individuals Providing Ongoing Financial Support to Family Abroad: This category encompasses individuals whose primary purpose for using Remitly is to provide consistent financial aid and support to family members who reside in a different country. While largely overlapping with immigrants and migrant workers, this highlights the relationship-based nature and core purpose of many transactions facilitated by Remitly.
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- Amazon.com, Inc. (symbol: AMZN)
- Visa Inc. (symbol: V)
- Mastercard Incorporated (symbol: MA)
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Sebastian J. Gunningham, Chief Executive Officer
Sebastian J. Gunningham was appointed CEO of Remitly Global, Inc., effective February 19, 2026, succeeding co-founder Matt Oppenheimer. Prior to joining Remitly, he served for over a decade at Amazon as a Senior Vice President and member of the executive S-Team, where he led fast-growing global businesses across marketplace, payments, search, and fulfillment. He also held senior executive roles at Oracle and Apple. Before his role at Remitly, Gunningham was the chairman of Santander Consumer Finance and vice chairman at Openbank.
Vikas Mehta, Chief Financial Officer
Vikas Mehta assumed the role of Chief Financial Officer at Remitly Global, Inc., effective August 19, 2024. He brings over 25 years of global experience in Fintech, Software, and eCommerce, driving hyper-growth and business transformation. Mehta's career includes CFO positions at Anaplan and Nike Direct, as well as significant leadership roles at Walmart, Microsoft, and PayPal. Most recently, he served as the CFO of Komodo Health.
Matthew B. Oppenheimer, Co-Founder and Chairman of the Board
Matthew B. Oppenheimer co-founded Remitly in May 2011 and served as its CEO for nearly 15 years, leading the company through transformative growth. He transitioned to Chairman of the Board, effective February 19, 2026. Before establishing Remitly, Oppenheimer led mobile and internet banking initiatives for Barclays Bank Kenya and worked for Barclays Corporate Bank in the United Kingdom. He was also an Entrepreneur in Residence at Highway 12 Ventures, and Remitly itself is backed by various investors, including Bezos Expeditions.
Ankur Sinha, Chief Product and Technology Officer
Ankur Sinha serves as the Chief Product and Technology Officer for Remitly Global, Inc.
Pankaj Sharma, Chief Business Officer
Pankaj Sharma holds the position of Chief Business Officer at Remitly Global, Inc.
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Key Risks to Remitly Global (RELY)
- Intense Competition and Pricing Pressure: Remitly operates in a highly competitive market for cross-border remittances, facing pressure from established players like Western Union, as well as digital-first competitors such as Wise and PayPal's Xoom. This intense competition can lead to aggressive pricing strategies and declining "take rates" (the percentage of send volume converted into revenue), which in turn can compress profit margins and make it challenging to maintain profitability.
- Regulatory and Compliance Risks: As a provider of digital financial services across numerous countries, Remitly is subject to complex and evolving regulatory landscapes, including anti-money laundering (AML), counter-terrorist financing (CFT), and data privacy regulations. Compliance with these diverse international and domestic laws requires significant investment and operational complexity. Failure to comply, or changes in regulatory policies, could result in penalties, operational restrictions, increased costs, or loss of licenses necessary to operate in certain corridors.
- Macroeconomic and Geopolitical/Immigration Risks: Remitly's business model is inherently linked to global migration patterns and economic conditions. Factors such as tightening North American immigration policies, potential remittance taxes, global economic slowdowns, or significant currency fluctuations can directly impact the volume of money sent and received by immigrants. Geopolitical tensions can also disrupt international money movement and affect payment volumes.
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The clear emerging threat for Remitly Global is the potential for major technology companies ("Big Tech") to aggressively expand into and dominate the cross-border remittance market. Companies like Google, Apple, and Meta (WhatsApp Pay) possess massive user bases, established digital ecosystems, and significant financial resources. Should they fully leverage these assets to offer seamless, low-cost international money transfer services, they could rapidly capture market share, challenging Remitly's competitive advantages in user acquisition, convenience, and pricing.
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Remitly Global (RELY) operates within significant addressable markets related to cross-border financial services, primarily focusing on digital remittances for consumers and expanding into business payments.
Global Digital Remittance Market (Revenue)
The global digital remittance market, representing the revenue generated by digital remittance service providers, was estimated to be around USD 24.4 billion to USD 25.2 billion in 2024. This market is projected to grow substantially, reaching approximately USD 60.05 billion by 2030 and up to USD 81.48 billion by 2032-2033, exhibiting a compound annual growth rate (CAGR) ranging from 12.7% to 16.7% during the forecast periods.
Global Consumer-to-Consumer (C2C) Cross-Border Remittance Market (Total Transfer Volume)
The broader global market for Consumer-to-Consumer (C2C) cross-border payments, which includes migrant remittances, represents the total volume of money transferred. This market had a global Total Addressable Market (TAM) of USD 2.1 trillion in 2025 and is forecast to grow to USD 3.3 trillion by 2033, at a CAGR of 5.8%.
Other estimates for the overall global remittance market indicate a value of USD 784.25 billion in 2022, projected to reach USD 1,329.92 billion by 2032 with a CAGR of 5.8%. Remitly's management estimates the total consumer-cross-border TAM to be around USD 1.8 trillion, with a more immediate target for Remitly at over USD 600 billion.
Expanded Addressable Market (Including Business Payments)
With the launch of "Remitly Business," the company is expanding its focus beyond traditional consumer remittances to include business-to-business (B2B) cross-border payments, particularly for freelancers and small businesses. This strategic expansion significantly increases Remitly's potential Total Addressable Market (TAM) from approximately USD 2 trillion (C2C) to over USD 22 trillion, encompassing a wider range of cross-border payment activities.
The global B2B cross-border payments market alone had a total size of USD 34.8 trillion in 2025 and is projected to grow to USD 51.2 trillion by 2033, at a CAGR of 4.9%.
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Here are 3-5 expected drivers of future revenue growth for Remitly Global (RELY) over the next 2-3 years:
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Growth in Active Customers: Remitly continues to demonstrate robust growth in its active customer base, which is a fundamental driver for increasing transaction volumes and overall revenue. The company reported 9.3 million active customers in Q4 2025, an increase of 19% year-over-year. Management consistently highlights customer acquisition and retention as key to sustainable long-term returns.
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Expansion into New Products and Services: Remitly is diversifying its offerings beyond core money transfers to become a broader financial services platform. Key new products include "Remitly One," which encompasses a membership option, Remitly Wallet, and "Remitly Flex" (a send-now-pay-later service), and "Remitly Business," a tailored payment platform for companies and entrepreneurs. These new products are expected to create meaningful opportunities for future growth and are projected to contribute significantly to total revenue by 2028, with their contribution more than doubling in 2026.
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Strategic Focus on Higher-Value Senders and SMBs: The company is shifting its focus to attract and retain higher-amount senders and small and medium-sized businesses (SMBs). This strategy is evidenced by the significant growth in send volume from these segments, with volume from very high amount senders skyrocketing by 105% in Q4 2025, and these tiers now comprising nearly 50% of send volume. This focus aims to drive greater value per customer and increase overall transaction volumes.
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Geographic Expansion: While Remitly already operates in approximately 170 countries, continued geographic expansion into high-growth corridors is a driver of revenue. Specifically, efforts are concentrated on expanding into regions such as the Middle East and the Gulf Cooperation Council. Furthermore, the company has seen success in diversifying its revenue mix, with transactions outside India, the Philippines, and Mexico now accounting for over half of its total revenue.
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Leveraging Artificial Intelligence (AI): AI is a central component of Remitly's strategy to enhance operational efficiency, reduce costs, and improve the overall customer experience, which indirectly drives revenue growth. AI initiatives aim to reduce transaction losses (e.g., through fraud detection and prevention models), improve speed, and maintain a competitive advantage, supporting more efficient customer acquisition and retention.
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Capital Allocation Decisions for Remitly Global (RELY)
Share Repurchases
- Remitly Global authorized a $200 million share repurchase program in August 2025.
- This program aims to return capital to stockholders and offset a portion of the dilution associated with employee equity compensation.
- The company anticipates increasing the quarterly pacing of its buyback activity in 2026.
Share Issuance
- Management has focused on reducing stock-based compensation intensity and maintaining dilution at approximately 5%.
- Proposed sales of common stock by executives have been reported under Rule 10b5-1 trading plans and in connection with previously converted preferred shares.
Capital Expenditures
- Capital expenditures have increased over the past few years, reaching $9.10 million in 2023, $18 million in 2024, and $42 million in 2025.
- From fiscal years ending December 2020 to 2024, Remitly Global's capital expenditures averaged $3.311 million.
- The company's robust balance sheet and cash generation support investments in research and development, particularly in AI and fraud prevention, as well as in corridor expansion.
Peer Outperformance in Transaction & Payment Processing Services
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 15.3% | 63.9% | 114.2% | SPNT 161% · RGA 136% · RNR 133% |
| Investment Banking & Brokerage | 13 | -2.7% | 102.8% | 103.3% | IBKR 428% · SNEX 235% · HOOD 171% |
| Diversified Banks | 12 | 27.7% | 128.4% | 95.7% | CM 143% · RY 130% · JPM 120% |
| Life & Health Insurance | 20 | 7.1% | 50.0% | 89.4% | JXN 528% · UNM 292% · FG 193% |
| Multi-Sector Holdings | 4 | 3.6% | 52.8% | 74.5% | JONE 361% · BRK-B 80% · VOYA 69% |
| Property & Casualty Insurance | 42 | 3.9% | 71.6% | 61.2% | ASIC 2572900% · HRTG 399% · UVE 308% |
| Regional Banks | 264 | 25.9% | 89.3% | 52.1% | GCBC 310% · ESQ 307% · PBAM 249% |
| Multi-line Insurance | 9 | 4.3% | 68.4% | 50.9% | GNW 139% · L 90% · AIZ 80% |
| Financial Exchanges & Data | 15 | -0.3% | 15.8% | 31.0% | VIRT 189% · CBOE 143% · CME 68% |
| Consumer Finance | 30 | 0.4% | 86.5% | 22.0% | ENVA 400% · EZPW 303% · FCFS 162% |
| Diversified Financial Services | 4 | -8.1% | 21.6% | 20.9% | FRHC 173% · EQH 100% · TMS -58% |
| Asset Management & Custody Banks | 83 | -10.1% | 18.2% | 11.4% | WT 361% · VCTR 288% · AAMI 267% |
| Insurance Brokers | 16 | -24.5% | -9.7% | 11.0% | LIFE 324% · ARX 88% · CRD-A 66% |
| Commercial & Residential Mortgage Finance | 13 | -58.4% | 16.7% | -0.9% | FNMA 473% · FMCC 449% · ACT 174% |
| Specialized Finance | 3 | 9.4% | 35.5% | -13.2% | EFC 15% · CACC -13% · HASI -14% |
| Mortgage REITs | 33 | -14.5% | 10.1% | -26.9% | NREF 52% · RITM 33% · DX 19% |
| Transaction & Payment Processing Services ← | 17 | -2.1% | -5.5% | -42.4% | V 70% · MA 67% · CPAY 54% |
| Diversified Capital Markets | 20 | -37.4% | 16.1% | -61.2% | OPY 180% · LPLA 109% · GOLD 55% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 20.54 |
| Mkt Cap | 2.4 |
| Rev LTM | 2,923 |
| Op Inc LTM | 338 |
| FCF LTM | 322 |
| FCF 3Y Avg | 325 |
| CFO LTM | 404 |
| CFO 3Y Avg | 410 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.5% |
| Rev Chg 3Y Avg | 10.8% |
| Rev Chg Q | 7.3% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Inc Chg LTM | 5.9% |
| Op Inc Chg 3Y Avg | 8.5% |
| Op Mgn LTM | 10.5% |
| Op Mgn 3Y Avg | 6.5% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 22.2% |
| CFO/Rev 3Y Avg | 16.9% |
| FCF/Rev LTM | 16.4% |
| FCF/Rev 3Y Avg | 15.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.4 |
| P/S | 2.0 |
| P/Op Inc | 6.2 |
| P/EBIT | 14.5 |
| P/E | 12.8 |
| P/CFO | 8.6 |
| Total Yield | 8.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 8.8% |
| D/E | 0.2 |
| Net D/E | -0.1 |
Price Behavior
| Market Price | $22.91 | |
| Market Cap ($ Bil) | 4.8 | |
| First Trading Date | 09/23/2021 | |
| Distance from 52W High | -14.9% | |
| 50 Days | 200 Days | |
| DMA Price | $23.84 | $19.55 |
| DMA Trend | up | up |
| Distance from DMA | -3.9% | 17.2% |
| 3M | 1YR | |
| Volatility | 52.0% | 57.0% |
| Downside Capture | 228.09 | 117.24 |
| Upside Capture | 162.78 | 137.66 |
| Correlation (SPY) | 32.1% | 31.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.32 | 1.73 | 1.44 | 1.43 | 1.35 | 0.94 |
| Up Beta | -4.55 | 0.56 | 0.32 | 1.08 | 1.09 | 0.95 |
| Down Beta | 6.70 | 5.67 | 2.42 | 1.70 | 2.05 | 1.10 |
| Up Capture | 41% | 139% | 147% | 182% | 146% | 41% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 10 | 20 | 30 | 66 | 125 | 351 |
| Down Capture | 346% | 216% | 177% | 132% | 111% | 100% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 21 | 33 | 58 | 123 | 390 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RELY | |
|---|---|---|---|---|
| RELY | 42.7% | 56.8% | 0.83 | - |
| Sector ETF (XLF) | 2.2% | 14.8% | -0.07 | 28.1% |
| Equity (SPY) | 16.8% | 13.0% | 0.92 | 31.4% |
| Gold (GLD) | 7.0% | 29.6% | 0.23 | 0.6% |
| Commodities (DBC) | 45.9% | 20.9% | 1.71 | -11.4% |
| Real Estate (VNQ) | 1.6% | 13.6% | -0.14 | 17.4% |
| Bitcoin (BTCUSD) | -30.1% | 44.3% | -0.68 | 18.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RELY | |
|---|---|---|---|---|
| RELY | -11.2% | 58.4% | 0.03 | - |
| Sector ETF (XLF) | 8.6% | 18.3% | 0.33 | 29.0% |
| Equity (SPY) | 13.3% | 17.2% | 0.59 | 37.2% |
| Gold (GLD) | 18.3% | 18.9% | 0.78 | 2.8% |
| Commodities (DBC) | 10.0% | 19.6% | 0.39 | 4.1% |
| Real Estate (VNQ) | 0.9% | 18.8% | -0.06 | 25.8% |
| Bitcoin (BTCUSD) | 14.9% | 52.2% | 0.45 | 24.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RELY | |
|---|---|---|---|---|
| RELY | -7.3% | 58.6% | -0.03 | - |
| Sector ETF (XLF) | 12.8% | 22.1% | 0.53 | 28.7% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 37.1% |
| Gold (GLD) | 11.5% | 16.4% | 0.57 | 2.8% |
| Commodities (DBC) | 8.4% | 18.1% | 0.38 | 3.9% |
| Real Estate (VNQ) | 4.1% | 20.7% | 0.16 | 26.1% |
| Bitcoin (BTCUSD) | 64.0% | 66.2% | 1.04 | 24.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | 7.7% | 0.7% | 11.8% |
| 5/6/2026 | -4.0% | 0.1% | -20.9% |
| 2/18/2026 | 25.9% | 19.4% | 15.3% |
| 11/5/2025 | -25.1% | -25.8% | -17.8% |
| 8/6/2025 | 15.1% | 21.3% | 18.3% |
| 5/7/2025 | 14.6% | 9.7% | 2.1% |
| 2/19/2025 | -0.5% | -8.0% | -20.6% |
| 10/30/2024 | 17.8% | 29.3% | 34.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 12 | 12 |
| # Negative | 9 | 8 | 8 |
| Median Positive | 15.1% | 14.7% | 13.6% |
| Median Negative | -12.2% | -20.2% | -20.7% |
| Max Positive | 25.9% | 29.3% | 42.1% |
| Max Negative | -31.9% | -29.1% | -45.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | 7.7% | 0.7% | 11.8% |
| 5/6/2026 | -4.0% | 0.1% | -20.9% |
| 2/18/2026 | 25.9% | 19.4% | 15.3% |
| 11/5/2025 | -25.1% | -25.8% | -17.8% |
| 8/6/2025 | 15.1% | 21.3% | 18.3% |
| 5/7/2025 | 14.6% | 9.7% | 2.1% |
| 2/19/2025 | -0.5% | -8.0% | -20.6% |
| 10/30/2024 | 17.8% | 29.3% | 34.7% |
| 7/31/2024 | 4.0% | 0.4% | 4.1% |
| 5/1/2024 | -12.2% | -15.3% | -25.9% |
| 2/21/2024 | 18.0% | 18.2% | 21.1% |
| 11/1/2023 | -31.9% | -25.0% | -24.1% |
| 8/2/2023 | 20.6% | 23.0% | 37.7% |
| 5/3/2023 | 5.8% | 5.5% | 11.1% |
| 2/22/2023 | 22.2% | 23.0% | 42.1% |
| 11/2/2022 | -4.7% | -15.3% | -2.1% |
| 8/3/2022 | 11.4% | 11.2% | 2.0% |
| 5/5/2022 | -20.1% | -29.1% | 4.6% |
| 3/2/2022 | -1.9% | -12.5% | -9.4% |
| 11/10/2021 | -15.5% | -26.0% | -45.9% |
| SUMMARY STATS | |||
| # Positive | 11 | 12 | 12 |
| # Negative | 9 | 8 | 8 |
| Median Positive | 15.1% | 14.7% | 13.6% |
| Median Negative | -12.2% | -20.2% | -20.7% |
| Max Positive | 25.9% | 29.3% | 42.1% |
| Max Negative | -31.9% | -29.1% | -45.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/10/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 03/29/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 09/24/2021 | 424B4 |
Recent Forward Guidance
Updated 10/4/2026Latest: Q2 2026 Earnings Reported 8/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | Reported | 505.00 Mil | 506.00 Mil | 507.00 Mil | 4.5% | Higher New | Guidance: 484.00 Mil for Q2 2026 | |
| Q3 2026 Revenue Growth | Reported | 20.0% | 20.5% | 21.0% | 3.0% | Higher New | Guidance: 17.5% for Q2 2026 | |
| Q3 2026 Adjusted EBITDA | Reported | 92.00 Mil | 93.00 Mil | 94.00 Mil | 6.9% | Higher New | Guidance: 87.00 Mil for Q2 2026 | |
| 2026 Revenue | Reported | 1.98 Bil | 1.98 Bil | 1.99 Bil | 0.8% | Raised | Guidance: 1.97 Bil for 2026 | |
| 2026 Revenue Growth | Reported | 21.0% | 21.5% | 22.0% | 1.0% | Raised | Guidance: 20.5% for 2026 | |
| 2026 Adjusted EBITDA | Reported | 410.00 Mil | 412.50 Mil | 415.00 Mil | 9.3% | Raised | Guidance: 377.50 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | Reported | 483.00 Mil | 484.00 Mil | 485.00 Mil | ||||
| Q2 2026 Revenue Growth | Reported | 17.0% | 17.5% | 18.0% | ||||
| Q2 2026 Net Income and Adjusted EBITDA Growth | Reported | 8.6E9% | 8.7E9% | 8.8E9% | ||||
| 2026 Revenue | Reported | 1.96 Bil | 1.97 Bil | 1.98 Bil | 17.5% | Raised | Guidance: 1.68 Bil for 2026 | |
| 2026 Revenue Growth | Reported | 20.0% | 20.5% | 21.0% | -1.5% | Lowered | Guidance: 22.0% for 2026 | |
| 2026 Net Income and Adjusted EBITDA Growth | Reported | 3.7E10% | 3.775E10% | 3.85E10% | ||||
Insider Activity
Updated 9/10/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hug, Joshua | Direct | Sell | 9102026 | 24.30 | 5,500 | 133,650 | 64,611,003 | Form | |
| 2 | Hug, Joshua | Direct | Sell | 9102026 | 25.03 | 5,500 | 137,665 | 66,689,657 | Form | |
| 3 | Morris, Nigel W | Direct | Sell | 9042026 | 27.03 | 6,300 | 170,289 | 48,782,555 | Form | |
| 4 | Sharma, Pankaj | Chief Business Officer | Direct | Sell | 8312026 | 26.39 | 21,000 | 554,190 | 18,895,821 | Form |
| 5 | Mehta, Vikas D | Chief Financial Officer | Direct | Sell | 8262026 | 26.15 | 25,000 | 653,750 | 24,678,670 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hug, Joshua | Direct | Sell | 9102026 | 24.30 | 5,500 | 133,650 | 64,611,003 | Form | |
| 2 | Hug, Joshua | Direct | Sell | 9102026 | 25.03 | 5,500 | 137,665 | 66,689,657 | Form | |
| 3 | Morris, Nigel W | Direct | Sell | 9042026 | 27.03 | 6,300 | 170,289 | 48,782,555 | Form | |
| 4 | Sharma, Pankaj | Chief Business Officer | Direct | Sell | 8312026 | 26.39 | 21,000 | 554,190 | 18,895,821 | Form |
| 5 | Mehta, Vikas D | Chief Financial Officer | Direct | Sell | 8262026 | 26.15 | 25,000 | 653,750 | 24,678,670 | Form |
| 6 | Morris, Nigel W | Direct | Sell | 8262026 | 26.56 | 16,751 | 444,907 | 48,101,647 | Form | |
| 7 | Morris, Nigel W | Direct | Sell | 8192026 | 26.53 | 3,249 | 86,196 | 48,491,720 | Form | |
| 8 | Morris, Nigel W | Direct | Sell | 8192026 | 26.26 | 20,000 | 525,200 | 48,083,531 | Form | |
| 9 | Morris, Nigel W | Direct | Sell | 8172026 | 26.20 | 20,000 | 524,000 | 48,497,667 | Form | |
| 10 | Morris, Nigel W | Direct | Sell | 8172026 | 25.59 | 11,000 | 281,490 | 47,880,323 | Form | |
| 11 | Hug, Joshua | Direct | Sell | 8132026 | 23.84 | 5,500 | 131,120 | 63,650,154 | Form | |
| 12 | Riese, Phillip John | Direct | Sell | 8132026 | 23.54 | 69,818 | 1,643,814 | 6,147,268 | Form | |
| 13 | Hug, Joshua | Direct | Sell | 8132026 | 23.65 | 5,500 | 130,075 | 63,272,950 | Form | |
| 14 | Riese, Phillip John | Direct | Sell | 8112026 | 23.73 | 100,000 | 2,373,000 | 6,195,761 | Form | |
| 15 | Morris, Nigel W | Direct | Sell | 8112026 | 25.43 | 8,938 | 227,293 | 47,860,684 | Form | |
| 16 | Riese, Phillip John | Direct | Sell | 8112026 | 24.94 | 160,182 | 3,994,939 | 9,005,684 | Form | |
| 17 | Hug, Joshua | Direct | Sell | 7172026 | 24.11 | 5,500 | 132,605 | 64,636,234 | Form | |
| 18 | Sharma, Pankaj | Chief Business Officer | Direct | Sell | 7172026 | 25.03 | 15,000 | 375,450 | 18,842,834 | Form |
| 19 | Hug, Joshua | Direct | Sell | 7172026 | 25.18 | 367,500 | 9,254,805 | 67,651,718 | Form | |
| 20 | Hug, Joshua | Direct | Sell | 7172026 | 24.93 | 314,768 | 7,847,166 | 76,133,453 | Form | |
| 21 | Hug, Joshua | Direct | Sell | 6302026 | 22.53 | 16,800 | 378,504 | 75,895,842 | Form | |
| 22 | Hug, Joshua | Direct | Sell | 6302026 | 22.97 | 16,800 | 385,896 | 77,763,947 | Form | |
| 23 | Hug, Joshua | Direct | Sell | 6172026 | 20.76 | 16,033 | 332,845 | 70,630,855 | Form | |
| 24 | Hug, Joshua | Direct | Sell | 6172026 | 20.10 | 8,500 | 170,830 | 68,699,586 | Form | |
| 25 | Hug, Joshua | Direct | Sell | 6022026 | 21.03 | 33,600 | 706,608 | 72,011,851 | Form | |
| 26 | Hug, Joshua | Direct | Sell | 5292026 | 20.00 | 476 | 9,520 | 69,156,880 | Form | |
| 27 | Sharma, Pankaj | Chief Business Officer | Direct | Sell | 5292026 | 20.01 | 16,000 | 320,160 | 15,363,878 | Form |
| 28 | Sinha, Ankur | Chief Product and Tech Officer | Direct | Sell | 5272026 | 21.07 | 7,596 | 160,048 | 25,762,668 | Form |
| 29 | Mehta, Vikas D | Chief Financial Officer | Direct | Sell | 5272026 | 21.07 | 25,000 | 526,750 | 20,817,244 | Form |
| 30 | Chung, Bora | Direct | Sell | 5212026 | 21.42 | 12,000 | 257,040 | 2,684,290 | Form | |
| 31 | Hug, Joshua | Direct | Sell | 5152026 | 22.70 | 12,000 | 272,400 | 78,503,864 | Form | |
| 32 | Sinha, Ankur | Chief Product and Tech Officer | Direct | Sell | 5152026 | 23.42 | 50,000 | 1,171,000 | 29,405,356 | Form |
| 33 | Hug, Joshua | Direct | Sell | 5152026 | 23.31 | 12,000 | 279,775 | 80,909,065 | Form | |
| 34 | Morris, Nigel W | Direct | Sell | 5152026 | 24.03 | 3,572 | 85,835 | 44,639,041 | Form | |
| 35 | Hug, Joshua | Direct | Sell | 5132026 | 24.89 | 34,383 | 855,793 | 86,674,945 | Form | |
| 36 | Hug, Joshua | Direct | Sell | 5012026 | 21.66 | 16,800 | 363,888 | 76,171,787 | Form | |
| 37 | Hug, Joshua | Direct | Sell | 5012026 | 21.56 | 16,800 | 362,208 | 76,182,325 | Form | |
| 38 | Somalya, Saema | CLCAO | Direct | Sell | 4282026 | 21.24 | 10,987 | 233,364 | 5,285,107 | Form |
| 39 | Sharma, Pankaj | Chief Business Officer | Direct | Sell | 4212026 | 20.00 | 10,000 | 200,000 | 13,317,560 | Form |
| 40 | Riese, Phillip John | Direct | Sell | 4212026 | 20.04 | 40,000 | 801,600 | 2,454,820 | Form | |
| 41 | Hug, Joshua | Direct | Sell | 4152026 | 18.35 | 12,000 | 220,145 | 65,131,788 | Form | |
| 42 | Somalya, Saema | CLCAO | Direct | Sell | 4152026 | 18.11 | 23,789 | 430,819 | 4,705,250 | Form |
| 43 | Hug, Joshua | Direct | Sell | 4152026 | 17.88 | 12,000 | 214,550 | 63,691,009 | Form | |
| 44 | Somalya, Saema | CLCAO | Direct | Sell | 4152026 | 18.00 | 12,187 | 219,366 | 5,104,872 | Form |
| 45 | Hug, Joshua | Direct | Sell | 4072026 | 15.99 | 1,430 | 22,866 | 57,153,105 | Form | |
| 46 | Sharma, Pankaj | Chief Business Officer | Direct | Sell | 4022026 | 15.26 | 10,000 | 152,600 | 10,161,298 | Form |
| 47 | Blignaut, Ryno | Direct | Sell | 3172026 | 15.26 | 4,500 | 68,670 | 983,507 | Form | |
| 48 | Naspers, Ltd | See Footnotes | Sell | 3122026 | 15.98 | 12,000,000 | 191,760,000 | 214,799,085 | Form | |
| 49 | Sinha, Ankur | Chief Product and Tech Officer | Direct | Sell | 3122026 | 16.94 | 9,741 | 165,013 | 19,991,216 | Form |
| 50 | Hug, Joshua | Direct | Sell | 3052026 | 17.98 | 29,049 | 522,301 | 64,291,679 | Form | |
| 51 | Somalya, Saema | CLCAO | Direct | Sell | 3052026 | 18.00 | 36,764 | 661,752 | 5,324,238 | Form |
| 52 | Mehta, Vikas D | Chief Financial Officer | Direct | Sell | 3052026 | 17.50 | 25,000 | 437,500 | 15,098,282 | Form |
| 53 | Hug, Joshua | Direct | Sell | 3032026 | 16.73 | 40,777 | 682,199 | 60,308,003 | Form | |
| 54 | Sharma, Pankaj | Chief Business Officer | Direct | Sell | 2232026 | 16.35 | 3,000 | 49,050 | 3,528,821 | Form |
| 55 | Blignaut, Ryno | Direct | Sell | 2172026 | 12.89 | 4,500 | 58,005 | 419,905 | Form | |
| 56 | Sharma, Pankaj | Chief Business Officer | Direct | Sell | 2122026 | 13.70 | 2,000 | 27,400 | 2,997,971 | Form |
| 57 | Blignaut, Ryno | Direct | Sell | 12162025 | 14.56 | 4,500 | 65,520 | 539,827 | Form | |
| 58 | Sharma, Pankaj | Chief Business Officer | Direct | Sell | 12112025 | 15.00 | 3,000 | 45,000 | 3,312,450 | Form |
| 59 | Hug, Joshua | Direct | Sell | 12012025 | 13.33 | 40,776 | 543,544 | 48,718,004 | Form | |
| 60 | Blignaut, Ryno | Direct | Sell | 11282025 | 13.25 | 4,500 | 59,625 | 550,882 | Form | |
| 61 | Sharma, Pankaj | Chief Business Officer | Direct | Sell | 11132025 | 12.47 | 2,000 | 24,940 | 2,523,641 | Form |
| 62 | Oppenheimer, Matthew B | Chief Executive Officer | Direct | Sell | 10172025 | 15.39 | 14,583 | 224,432 | 69,264,311 | Form |
| 63 | Oppenheimer, Matthew B | Chief Executive Officer | Direct | Sell | 10172025 | 15.59 | 14,583 | 227,349 | 70,391,781 | Form |
| 64 | Oppenheimer, Matthew B | Chief Executive Officer | Direct | Sell | 9252025 | 16.58 | 14,583 | 241,786 | 75,103,603 | Form |
| 65 | Oppenheimer, Matthew B | Chief Executive Officer | Direct | Sell | 9252025 | 16.68 | 14,583 | 243,244 | 75,799,825 | Form |
| 66 | Tavis, Luke | Chief Accounting Officer | Direct | Sell | 9092025 | 20.00 | 2,920 | 58,400 | 48,320 | Form |
| 67 | Riese, Phillip John | Direct | Sell | 9092025 | 20.00 | 5,000 | 100,000 | 2,249,920 | Form | |
| 68 | Hug, Joshua | Direct | Sell | 9022025 | 18.41 | 40,777 | 750,705 | 67,275,442 | Form | |
| 69 | Somalya, Saema | CLCAO | Direct | Sell | 9022025 | 18.40 | 4,479 | 82,414 | 1,006,057 | Form |
Investor Activity (13F)
Updated Oct 6, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
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