Earnings summaries and quarterly performance for Remitly Global.
Executive leadership at Remitly Global.
Matthew Oppenheimer
Detailed
Chief Executive Officer
CEO
AS
Ankur Sinha
Detailed
Chief Product and Technology Officer
LT
Luke Tavis
Detailed
Chief Accounting Officer
PS
Pankaj Sharma
Detailed
Chief Business Officer
SS
Saema Somalya
Detailed
Chief Legal and Corporate Affairs Officer
VM
Vikas Mehta
Detailed
Chief Financial Officer
Board of directors at Remitly Global.
Research analysts who have asked questions during Remitly Global earnings calls.
Alexander Markgraff
KeyBanc Capital Markets
4 questions for RELY
Also covers: AVDX, BILL, CNCK +7 more
CK
Cristopher Kennedy
William Blair & Company
4 questions for RELY
Also covers: ALKT, AXP, CTLP +14 more
AS
Andrew Schmidt
Citigroup Inc.
3 questions for RELY
Also covers: ALKT, BILL, CWAN +15 more
DP
Darrin Peller
Wolfe Research, LLC
3 questions for RELY
Also covers: ACN, ADYYF, AVDX +24 more
DS
David Scharf
Citizens Capital Markets and Advisory
3 questions for RELY
Also covers: AFRM, ECPG, ENVA +11 more
GG
Gustavo Gala
Monness, Crespi, Hardt & Co., Inc.
3 questions for RELY
Also covers: AXP, EEFT, IMXI
Ramsey El-Assal
Barclays
3 questions for RELY
Also covers: ACN, ADP, AFRM +20 more
TH
Tien-tsin Huang
JPMorgan Chase & Co.
3 questions for RELY
Also covers: ACN, ADP, ALIT +23 more
ZG
Zachary Gunn
Financial Technology Partners
3 questions for RELY
Also covers: ADP, AFRM, EEFT +6 more
Andrew Bauch
Wells Fargo & Company
2 questions for RELY
Also covers: AFRM, AVDX, FLYW +9 more
RH
Rufus Hone
BMO Capital Markets
2 questions for RELY
Also covers: AVDX, IIIV, RPAY +1 more
WN
William Nance
The Goldman Sachs Group, Inc.
2 questions for RELY
Also covers: AFRM, AMTD, AVDX +19 more
Grace Wong
BMO Capital Markets
1 question for RELY
Will Nance
Goldman Sachs
1 question for RELY
Also covers: AFRM, AMTD, CHYM +14 more
Recent press releases and 8-K filings for RELY.
Remitly Outlines Strategic Direction and Financial Outlook at Investor Day 2025
RELY
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Remitly's Investor Day 2025, held on December 9, 2025, detailed the company's strategic direction and financial outlook.
- The company reported strong Adjusted Free Cash Flow growth, reaching $214 million for the 3Q25 LTM period.
- Remitly is expanding its offerings with new products like Liquidity & Credit (Remitly Flex) and Wallet & Card, while leveraging Stablecoins and AI to enhance its platform.
- For 2026, Remitly projects high teens Revenue Growth and Adjusted EBITDA between $300 million and $320 million.
- The medium-term outlook for 2028 anticipates Revenue of $2.6 billion to $3.0 billion and an Adjusted EBITDA Margin of 20% to 22%.
Dec 9, 2025, 3:00 PM
Remitly Outlines Long-Term Vision and Financial Targets at Investor Day 2025
RELY
Guidance Update
Product Launch
Revenue Acceleration/Inflection
- Remitly is evolving from a remittance-focused company to a broader financial services provider, expanding into new customer categories and launching products like the Flex Suite, Remitly Wallet, and Remitly One membership.
- The company provided a 2028 financial outlook, targeting revenue between $2.6 billion-$3 billion and Adjusted EBITDA of $575 million-$600 million, with an Adjusted EBITDA margin of 20%-22%.
- For 2026, Remitly anticipates high teens revenue growth and Adjusted EBITDA in the range of $300 million-$320 million.
- Remitly's strategy relies on its platform, powered by AI and stablecoins, to accelerate innovation, enhance efficiency, and reduce costs across its offerings.
- Early traction for new products includes over 40,000 accounts for Remitly Wallet and more than 100,000 active members for Remitly One since their recent introductions.
Dec 9, 2025, 3:00 PM
Remitly Outlines 2026 and 2028 Financial Outlook and Growth Strategy
RELY
Guidance Update
New Projects/Investments
Product Launch
- Remitly projects $2.6 billion-$3 billion in revenue and $575 million-$600 million in Adjusted EBITDA by 2028, with an Adjusted EBITDA margin of 20%-22%.
- For 2026, the company expects high teens revenue growth and Adjusted EBITDA between $300 million-$320 million, representing a 30% year-over-year growth and approximately 150 basis points of margin expansion.
- The company is expanding its offerings beyond low-amount senders to include high-amount transfers and small and medium-sized businesses, leveraging new products like Remitly One and Send Now, Pay Later (Flex), and utilizing AI and stablecoins to drive growth and efficiency.
- Remitly has demonstrated strong financial performance, with Adjusted Free Cash Flow growing from negative $16 million in FY20 to $214 million on a trailing 12-month basis, a 77% compounded annual growth rate.
Dec 9, 2025, 3:00 PM
Remitly Outlines 2028 Financial Targets and Growth Strategy
RELY
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Remitly projects to achieve nearly $3 billion in revenue and close to $600 million in Adjusted EBITDA by 2028.
- The company is expanding its offerings to new customer categories and products, including services for businesses and receivers, within a global cross-border payments market exceeding $22 trillion.
- Remitly's platform leverages AI and stablecoins to drive efficiency and innovation, with AI systems reducing customer service costs by 40% this year and contact rates by nearly half.
- CEO Matt Oppenheimer holds approximately 5 million shares and has no plans to sell, indicating strong conviction in the company's future and its ability to deliver outsized financial returns.
Dec 9, 2025, 3:00 PM
Remitly Global, Inc. Provides Preliminary 2026 Outlook and Medium-Term 2028 Financial Targets
RELY
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Remitly Global, Inc. hosted its Investor Day on December 9, 2025, outlining its vision to become a global financial services company by expanding into new categories and introducing offerings like Remitly One and Remitly Business.
- For 2026, Remitly expects revenue to grow in the high teens range and Adjusted EBITDA to be between $300 million and $320 million.
- By 2028, the company targets revenue in the range of $2.6 billion to $3.0 billion and Adjusted EBITDA between $575 million and $600 million, reflecting a 20%-22% Adjusted EBITDA margin.
- Remitly aims to achieve a Rule of 40 framework by 2028, balancing revenue growth and profitability.
Dec 9, 2025, 2:00 PM
Remitly Reports Strong Q3 2025 Results and Provides Outlook
RELY
Earnings
Guidance Update
Product Launch
- Remitly reported Q3 2025 revenue of $419.5 million, a 25% year-over-year increase, with adjusted EBITDA of $61.2 million (a 15% margin) and GAAP net income of $8.8 million.
- The company saw strong momentum in new customer categories and products, including Remitly Business, which nearly doubled its send volume sequentially and expanded to the UK and Canada, and the Flex "send now, pay later" solution, which reached over 100,000 active users and saw its revenue nearly double sequentially.
- For Q4 2025, Remitly expects revenue between $426 million and $428 million (21%-22% growth) and adjusted EBITDA between $50 million and $52 million (12% margin).
- The full-year 2025 revenue guidance is $1.619 billion to $1.621 billion (28% growth), with adjusted EBITDA between $234 million and $236 million (15% margin).
- An initial outlook for 2026 revenue growth is in the high teens range, and the company repurchased $11.9 million in shares during Q3 2025.
Nov 5, 2025, 10:00 PM
RELY Announces Q3 2025 Financial Results and Provides Outlook
RELY
Earnings
Guidance Update
Revenue Acceleration/Inflection
- RELY reported Q3 2025 revenue of $419.5 million, representing a 25% year-over-year increase. The company achieved GAAP Net Income of $8.8 million and Adjusted EBITDA of $61.2 million, with an Adjusted EBITDA margin of 14.6%.
- Operational highlights for Q3 2025 include 8.9 million active customers, a 21% year-over-year growth, and send volume reaching $19.5 billion, marking a 35% year-over-year increase.
- For Q4 2025, RELY provided revenue guidance ranging from $425 million to $435 million and Adjusted EBITDA guidance of $58 million to $63 million. However, other information in the documents suggests slightly different guidance for Q4 2025 revenue at $426 million to $428 million and Adjusted EBITDA at $50 million to $52 million.
- For the full year 2025, revenue guidance is between $1.645 billion and $1.655 billion. There is conflicting guidance for full year 2025 Adjusted EBITDA, with one source indicating $180 million to $185 million and another stating $234 million to $236 million. The documents do not provide a definitive explanation for these discrepancies.
Nov 5, 2025, 10:00 PM
Remitly Global Reports Strong Q3 2025 Results and Raises Full Year Outlook
RELY
Earnings
Guidance Update
New Projects/Investments
- Remitly Global, Inc. reported Q3 2025 revenue of $419.5 million, a 25% year-over-year increase, alongside net income of $8.8 million and Adjusted EBITDA of $61.2 million.
- The company raised its full-year 2025 financial outlook, now projecting total revenue between $1.619 billion and $1.621 billion and Adjusted EBITDA in the range of $234 million to $236 million.
- Operational highlights for Q3 2025 include a 21% increase in active customers to 8.9 million and a 35% rise in send volume to $19.5 billion.
- Strategic updates include the launch of Remitly One, integration of stablecoins for global liquidity, and expansion of Remitly Business and High Amount Senders segments.
Nov 5, 2025, 9:10 PM
Remitly Global Inc. Reports Strong Q2 2025 Results and Announces New Product Initiatives
RELY
Earnings
Product Launch
Guidance Update
- Remitly Global Inc. reported strong Q2 2025 financial results, with revenue of $411.9 million, up 34% year over year, and adjusted EBITDA of $64 million, representing a 16% margin. The company also achieved $6.5 million in GAAP net income, marking its second consecutive positive GAAP net income quarter.
- The company formally launched Remitly Business in the US in Q2, expanding its total addressable market (TAM) from approximately $2 trillion to over $22 trillion, and is seeing strong early momentum with thousands of businesses onboarded. Additionally, Remitly is launching Remitly One, a new membership program in September, which will include Remitly Wallet (for multi-currency and stablecoin storage) and Remitly Flex (a send now, pay later solution). Stablecoin initiatives, including storing stablecoins in the wallet and receiving cross-border payments in stablecoin-compatible wallets, are also planned for September.
- For the full year 2025, Remitly Global expects revenue between $1.61 billion and $1.62 billion (27% to 28% growth) and adjusted EBITDA between $225 million and $230 million (14% margin), anticipating positive GAAP net income for the full year. The company also closed an upsized $550 million secured revolving credit facility and authorized a $200 million share repurchase program.
Aug 7, 2025, 4:55 PM
Remitly Global Inc outlines Q1 2025 performance and growth strategy
RELY
Earnings
- Q1 revenue grew 34% with a 16% EBITDA margin, meeting its “Rule of 50” growth-plus-profitability target.
- Volume increased 41%, driven by resilient, nondiscretionary remittance flows and market-share gains.
- U.S. revenue share fell from 75% to under two-thirds over four years, as rest-of-world revenue grew 41% (45% constant currency) in Q1.
- Transactions over $1,000 saw volume growth >45%, outpacing total volume for four consecutive quarters.
May 20, 2025, 2:21 PM
Quarterly earnings call transcripts for Remitly Global.
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