Remitly Global Inc

Latest Results (21.11.2025):

Remitly Global, Inc. reported results for the second quarter of 2025 (Q2 2025), delivering revenue of $411.9 million, send volume of $18.5 billion, GAAP net income of $6.5 million and Adjusted EBITDA of $64.0 million — all above prior outlooks — and raised its full‑year 2025 guidance.

Key operating metrics

Active customers: 8.5 million (up 24% year‑over‑year). Send volume: $18.5 billion (up 40% YoY). Revenue: $411.9 million (up 34% YoY).

Profitability and margins

GAAP net income of $6.5 million in Q2 2025 versus a net loss of $12.1 million in Q2 2024. Adjusted EBITDA was $64.0 million, up 144% year‑over‑year; management highlighted "Rule of 50" performance and GAAP profitability.

Updated 2025 outlook

Fiscal 2025 guidance raised to total revenue of $1.61–$1.62 billion (27%–28% growth) and Adjusted EBITDA of $225–$230 million; GAAP net income is expected to be positive for the year.

Q3 2025 outlook

For Q3 2025 Remitly expects revenue of $411–$413 million (22%–23% YoY), a modest GAAP net income, and Adjusted EBITDA of $53–$55 million.

Share repurchase program

The Board authorized a share repurchase program of up to $200 million to be executed opportunistically (open market, private transactions or 10b5‑1 plans); the program has no set expiration and may be modified or suspended.

Non‑GAAP disclosures

The company provided reconciliations for non‑GAAP measures (Adjusted EBITDA and non‑GAAP operating expenses) and noted it did not provide a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income due to variability in items like stock‑based compensation and income taxes.

Investor access

Remitly hosted a webcast on August 6, 2025 to discuss Q2 2025 results; replay and investor presentation are available on its IR site (https://ir.remitly.com).