Remitly Global, Inc. stock hits record $115M EBITDA, then reverses hard

Remitly Global, Inc. stock posted strong Q2 results: revenue rose 20.2% to $495.2 million and adjusted EBITDA hit a record $115 million. Yet RELY closed at 24.42 after reaching 26.28, finishing near the session low — a warning candle.

Key takeaways

• Remitly Global, Inc. stock beat Q2 estimates with revenue of $495.2 million, up 20.2% year on year.
• Adjusted EBITDA reached a record $115 million at a 23% margin.
• RELY closed at 24.42 on 7 August after hitting an intraday high of 26.28, forming a bearish reversal candle.
• The daily trend remains bullish above the 20-day EMA at 23.72, but the 1H chart has turned defensive.
• Key levels: reclaiming 24.98 would restore the bullish case; losing 23.68 would crack the daily uptrend.

Daily structure still favours Remitly Global, Inc. stock

The daily trend for Remitly Global, Inc. stock remains bullish. Price at 24.42 sits above all major EMAs with a properly ordered and widely spaced stack.

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