Remitly has quietly hit an inflection point. After years of losses, the company just turned profitable—yet trades at a 70% haircut versus its 2021 IPO valuation. Meanwhile, it's posting 28% year-over-year growth and sits perfectly positioned to capitalize on upcoming regulatory shifts. The 1% cash remittance tax set to roll out will squeeze its traditional competitors hard, clearing the runway for digital-first players. Look at the gross profit trajectory—it's textbook profitable scaling. Sometimes the market just gets it wrong, leaving obvious mispricings for those paying attention.