Remitly Global Stock RELY
Remitly Global is a digital remittance platform that enables individuals to send money internationally across more than 5,500 corridors. Remitly Global stock (RELY): Quarterly and annual results since 2023 from Quarterly Report and SEC filings: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 08/2026, quarterly reporting. Stock analysis by NadirAlpha. Remitly Global stock (RELY): listed on Nasdaq. NadirAlpha has evaluated 35 original documents, cross-checked every figure automatically and linked each to its source; sources as of 08/2026. Revenue Q2 2026: USD 495 million (+20% year on year). Latest reported (Q2 2026): Active customers, Send volume, Android Google Play rating. Latest reading: Operating income doubled, Net income doubled, Cash flow inflection, Guidance raised, Regulation.
AI-generated report · not investment advice · figures extracted automatically; please verify against the linked original more
Remitly Global Current Status
Where Remitly Global stands after the report for Q2 2026: what changed in revenue, earnings and outlook, written editorially from the original report. NadirAlpha methodology
Assessment by NadirAlpha, as of Q2 2026.
“We delivered another excellent quarter, achieving record revenue, Adjusted EBITDA, and net income, while surpassing 10 million quarterly active customers for the first time in our company's history, a direct reflection of the trust and confidence customers place in Remitly. Our results reflect the compounding advantages of a trusted global network, a strategy that resonates with customers, and rigorous cost discipline. AI-driven operating efficiencies are creating additional capacity to invest in growth while improving margins, giving us more confidence in the opportunities ahead.”
Remitly Global Stock: Key Figures ($ million)
The core financial figures of Remitly Global stock in three views: fiscal years up to FY2026, half-years and quarters up to Q2 2026, in $ million, most recent period first. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Fiscal years
| Period | Revenue | Op. income | Net income | EPS ($) | EBITDA (adj.) | OCF | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | 1,635.1 | 77.5 | 67.9 | 0.31 | 272.19 | 325.1 | 25 |
| FY2024 | 1,264 | -39.1 | -37 | -0.19 | 134.76 | 111.6 | 17 |
| FY2023 | 944.3 | -114.2 | -117.8 | -0.65 | 44.45 | 66.8 | 10 |
Quarters
| Period | Published | Revenue | Op. income | Net income | EPS ($) | EBITDA (adj.) | FCF | Cash | Net Debt | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-Q2* | 2026-08-05 | 495.2 | 66.7 | 205.9 | 0.93 | 114.7 | 133.4 | 676.4 | -673.4 | 130 |
| 2026-Q1* | 2026-05-06 | 452.8 | 53.7 | 49.1 | 0.23 | 101.5 | 75.9 | 649.1 | -646.2 | 27 |
| 2025-Q4* | 2026-02-18 | 442.2 | 38.8 | 41.2 | 0.19*≈ | 88.6 | 181.9 | 542.4 | -384.6 | 126 |
| 2025-Q3* | 2025-11-05 | 419.5 | 11.8 | 8.8 | 0.04 | 61.2 | -3.2 | 476.9 | – | 23 |
| 2025-Q2* | 2025-08-06 | 411.9 | 14.6 | 6.5 | 0.03 | 64 | 46.8 | 515.9 | – | 21 |
| 2025-Q1* | 2025-05-07 | 361.6 | 12.2 | 11.4 | 0.05 | 58.4 | 70.2 | 493.9 | – | 19 |
| 2024-Q4* | 2025-02-19 | 351.9 | -3.7 | -5.7 | -0.03*≈ | 44.7 | -30.1 | 368.1 | -365.6 | 17 |
| 2024-Q3* | 2024-10-30 | 336.5 | 0.4 | 1.9 | 0.01 | 47.4 | 145.6 | 324.4 | -322 | 15 |
| 2024-Q2* | 2024-07-31 | 306.4 | -15.8 | -12.1 | -0.06 | 26.2 | 47.8 | 185.2 | -167.8 | 13 |
| 2024-Q1* | 2024-05-01 | 269.1 | -20 | -21.1 | -0.11 | 22.8 | -57.8 | 286 | -133.6 | 11 |
| 2023-Q4* | 2024-02-21 | 264.8 | -31 | -35 | -0.19*≈ | 8.2 | -29 | 323.7 | -191.2 | 9 |
| 2023-Q3* | 2023-11-01 | 241.6 | -36.9 | -35.7 | -0.20 | 10.5 | 28.3 | 223.3 | – | 7 |
| 2023-Q2* | 2023-08-02 | 234 | -18.2 | -18.9 | -0.11 | 20.4 | -52.6 | 227.5 | -191.1 | 5 |
| 2023-Q1* | 2023-05-03 | 203.9 | -28.1 | -28.3 | -0.16 | 5.4 | -3.2 | 244.2 | – | 3 |
Remitly Global Balance Sheet & Cash Flow ($ million)
Balance sheet and cash flow of Remitly Global up to Q2 2026 in $ million: net debt = financial debt minus cash, free cash flow = operating cash flow minus capex, every input sourced. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
Fiscal years
| Period | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | 2026-02-18 | 542.4 | 157.8 | -384.6 | 25 | 325.1 | 29.4 | 295.7 | 25 |
| FY2024 | 2025-02-19 | 368.1 | 2.5 | -365.6 | 18.1 | 111.6 | 6 | 105.6 | 17 |
| FY2023 | 2024-02-23 | 323.7 | 132.5 | -191.2 | 13.1 | 66.8 | 2.9 | 63.9 | 10 |
Quarters
| Period | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-Q2 | 2026-08-05 | 676.4 | 3 | -673.4 | 6.3 | 134.6 | 1.2 | 133.4 | 130 |
| 2026-Q1 | 2026-05-06 | 649.1 | 2.8 | -646.2 | 6.2 | 81.9 | 6 | 75.9 | 27 |
| 2025-Q4 | 2026-02-18 | 542.4 | 157.8 | -384.6 | 6.9 | 188.2 | 6.4 | 181.9 | 126 |
| 2025-Q3 | 2025-11-05 | 476.9 | – | – | 6.4 | 1.4 | 4.6 | -3.2 | 23 |
| 2025-Q2 | 2025-08-06 | 515.9 | – | – | 6.3 | 54.7 | 7.9 | 46.8 | 21 |
| 2025-Q1 | 2025-05-07 | 493.9 | – | – | 5.4 | 80.8 | 10.6 | 70.2 | 19 |
| 2024-Q4 | 2026-02-18 | 368.1 | 2.5 | -365.6 | 5.8 | -27.3 | 2.8 | -30.1 | 126 |
| 2024-Q3 | 2024-10-30 | 324.4 | 2.4 | -322 | 4.7 | 146.8 | 1.1 | 145.6 | 15 |
| 2024-Q2 | 2024-07-31 | 185.2 | 17.4 | -167.8 | 3.9 | 48.9 | 1.1 | 47.8 | 13 |
| 2024-Q1 | 2024-05-01 | 286 | 152.4 | -133.6 | 3.7 | -56.8 | 0.9 | -57.8 | 11 |
| 2023-Q4 | 2024-02-21 | 323.7 | 132.5 | -191.2 | 3.5 | -28.4 | 0.6 | -29 | 9 |
| 2023-Q3 | 2023-11-01 | 223.3 | – | – | 3.4 | 29 | 0.7 | 28.3 | 7 |
| 2023-Q2 | 2023-08-02 | 227.5 | 36.4 | -191.1 | 3.2 | -51.9 | 0.7 | -52.6 | 5 |
| 2023-Q1 | 2023-05-03 | 244.2 | – | – | 3 | -2.3 | 0.9 | -3.2 | 3 |
Remitly Global Guidance Tracking (latest per metric/period · 18/24)
What Remitly Global guided for Q2 2026 and beyond and whether the targets were met; ranges count as met when the actual lies within. NadirAlpha methodology
Actuals: revenue in $m
Direction: initiatedraised Verdict: beatpending
| For period | Guided on | Metric | Guided | Actual | Verdict | Direction | Source |
|---|---|---|---|---|---|---|---|
| FY2026 | 2026-08-05 | Revenue | 1,978–1,988 | – | 30 | ||
| FY2026 | 2026-08-05 | EBITDA (adjusted) | 410–415 | – | 30 | ||
| 2026-Q3 | 2026-08-05 | Revenue | 505–507 | – | 30 | ||
| 2026-Q3 | 2026-08-05 | EBITDA (adjusted) | 92–94 | – | 30 | ||
| 2026-Q2 | 2026-05-06 | Revenue | 483–485 | 495.2 | 28 | ||
| 2026-Q2 | 2026-05-06 | EBITDA (adjusted) | 86–88 | 114.7 | 28 | ||
| 2026-Q1 | 2026-02-18 | Revenue | 436–438 | 452.8 | 26 | ||
| 2026-Q1 | 2026-02-18 | EBITDA (adjusted) | 82–84 | 101.5 | 26 | ||
| FY2025 | 2025-11-05 | Revenue | 1,619–1,621 | 1,635.1 | 24 | ||
| FY2025 | 2025-11-05 | EBITDA (adjusted) | 234–236 | 272.19 | 24 | ||
| 2025-Q4 | 2025-11-05 | Revenue | 426–428 | 442.2 | 24 | ||
| 2025-Q4 | 2025-11-05 | EBITDA (adjusted) | 50–52 | 88.6 | 24 | ||
| 2025-Q3 | 2025-08-06 | Revenue | 411–413 | 419.5 | 22 | ||
| 2025-Q3 | 2025-08-06 | EBITDA (adjusted) | 53–55 | 61.2 | 22 | ||
| 2025-Q2 | 2025-05-07 | Revenue | 383–385 | 411.9 | 20 | ||
| 2025-Q2 | 2025-05-07 | EBITDA (adjusted) | 45–47 | 64 | 20 | ||
| 2025-Q1 | 2025-02-19 | Revenue | 345–348 | 361.6 | 18 | ||
| 2025-Q1 | 2025-02-19 | EBITDA (adjusted) | 36–40 | 58.4 | 18 | ||
| FY2024 | 2024-10-30 | Revenue | 1,250–1,254 | 1,264 | 16 | ||
| FY2024 | 2024-10-30 | EBITDA (adjusted) | 108–112 | 134.76 | 16 | ||
| 2024-Q4 | 2024-10-30 | Revenue | 338–342 | 351.9 | 16 | ||
| 2024-Q4 | 2024-10-30 | EBITDA (adjusted) | 17–21 | 44.7 | 16 | ||
| FY2023 | 2023-11-01 | Revenue | 935–943 | 944.3 | 8 | ||
| FY2023 | 2023-11-01 | EBITDA (adjusted) | 36–41 | 44.45 | 8 |
Remitly Global Stock: Price & Chart
Interactive price chart of Remitly Global stock (TradingView) and the trend of key figures from the core tables; the chart loads only after a click and then connects to TradingView. NadirAlpha methodology
Daily candles with news and earnings markers. Loads only on click.
Remitly Global Event Timeline
What happened at Remitly Global since 2023: events from the filings, grouped by quarter, with the source date and a clickable source number. NadirAlpha methodology
2026 · 12 events
Revenue increased 20% to USD 495.2 million for Q2 2026; active customers surpassed 10 million for the first time in company history, reaching 10.2 million 30
Full-year 2026 revenue guidance raised to $1.978 billion to $1.988 billion representing 21% to 22% growth; Adjusted EBITDA guidance of $410 million to $415 million 30
One Big Beautiful Bill Act, enacted July 4, 2025, imposes a tax on outbound non-digital remittances; Remitly expects immaterial impact on its business 29
Operating income more than doubled YoY (14.6 to USD 66.7 million, +357%). 130
Net income more than doubled YoY (6.5 to USD 205.9 million, +3068%). 130
Operating cash flow reached USD 134.6 million vs USD 54.7 million in 2025-Q2 (×2.5). 130
“We delivered an exceptional Q1, achieving record revenue and Adjusted EBITDA. Outperformance across key corridors and an increasing pace of product innovation are contributing to strong momentum in the business. The accelerated growth in quarterly active users is evidence of the continued trust and confidence customers place in Remitly. At the same time, disciplined cost management, scale benefits, and AI-driven efficiencies are delivering strong operating leverage.”
Revenue increased 25% to USD 452.8 million for Q1 2026, driven by 20% growth in active customers to 9.6 million, continued retention, and favorable foreign currency movements 27
Transaction, marketing, technology and development, and G&A expenses each declined as a percentage of revenue in Q1 2026, reflecting operating leverage and AI-driven efficiencies 27
Full-year 2026 revenue guidance raised to $1.960 billion to $1.975 billion, representing 20% to 21% growth; Adjusted EBITDA guidance of $370 million to $385 million 28
Operating income more than doubled YoY (12.2 to USD 53.7 million, +340%). 27
Net cash position expanded to USD 646.2 million from USD 384.6 million in 2025-Q4 (+68%, derived from reported financial debt minus cash). 27
2025 · 16 events
Operating income turned positive for the first time after 2 negative fiscal years (-39.1 to +USD 77.5 million). 25
Net income turned positive for the first time after 2 negative fiscal years (-37.0 to +USD 67.9 million). 25
Operating cash flow reached USD 325.1 million vs USD 111.6 million in FY2024 (×2.9). 25
“We ended 2025 with very strong results, exceeding our guidance for both revenue and Adjusted EBITDA.”
First full fiscal year of GAAP net income at $67.9M vs net loss of $37.0M in 2024 26
Launched Remitly Flex, Remitly Wallet and Card, and Remitly One loyalty program; expanded from remittance to diversified cross-border financial services 25
Sebastian Gunningham appointed CEO; Matt Oppenheimer remains as Chairman 26
“In Q3, we built on the momentum from last quarter, delivering innovation across the product portfolio. The financial results reflect our focus on sustainable, profitable growth and efficient execution even as we continue to invest in innovation. We expect to close 2025 strong and are raising our full year revenue and Adjusted EBITDA outlook.”
Revenue growth decelerated to 25% to $419.5M from 34% in the first two quarters of 2025 24
Marketing expenses as % of revenue declined to 22% in Q3 2025 and 21% for the nine-month period, reflecting improved marketing efficiency 23
FY2025 revenue outlook raised to $1.619 to $1.621B (28% growth); Adj. EBITDA raised to $234 to $236M 24
“Q2 was a defining quarter for Remitly–we delivered exceptional financial performance, and achieved breakthrough innovation that positions us to shape the future of global financial services. We delivered Rule of 50 performance again along with GAAP profitability. We expect to close 2025 strong and are raising our full year revenue and Adjusted EBITDA outlook.”
Operating income $14.6M vs operating loss of $15.8M in Q2 2024; H1 operating income $26.9M vs H1 2024 loss of $35.7M 21
Revenue +34% to $411.9M; send volume +40% to $18.5B; active customers +24% to 8.5M 21
FY2025 revenue outlook raised to $1.61 to $1.62B; Adj. EBITDA outlook raised to $225 to $230M 22
“We delivered an outstanding start to the year, significantly exceeding our expectations for the first quarter. This performance was driven by the deep and growing trust our customers place in us to deliver a fast, reliable, and secure experience. As that trust continues to grow, so does our ability to scale efficiently and profitably. Based on these strong results, we are raising our full year 2025 outlook for both revenue and Adjusted EBITDA.”
Revenue +34% to $361.6M; send volume +41% to $16.2B; active customers +29% to 8.0M 19
FY2025 revenue outlook raised to $1.574 to $1.587B; Adj. EBITDA outlook raised to $195 to $210M 20
2024 · 16 events
“We delivered an exceptional fourth quarter and full year, exceeding expectations, as our product strength and customer loyalty drove durable growth and improving profitability. Our product experience continues to resonate with customers as we deliver simplicity, convenience, and trust. As we look ahead to 2025 and beyond, I am excited about the growth opportunities and innovation that will enable us to deliver on our vision.”
Operating cash flow turned positive on a half-year basis (2024-H1: -7.9 to 2024-H2: +USD 119.5 million, aggregated from reported quarters where needed). 126
FY2024 Adjusted EBITDA increased 203% to $134.8 million from $44.5 million in 2023 18
Long-term debt fully repaid; balance decreased from $130.0 million at December 31, 2023 to zero at December 31, 2024 18
2025 guidance initiated: revenue growth of 24-25% and positive full-year GAAP net income projected 18
“I am grateful to our customers and global teams for the exceptional third quarter results. As our performance in the third quarter exceeded expectations, we are pleased to increase our 2024 outlook for both revenue and Adjusted EBITDA. We are excited about growth opportunities in 2025 and beyond as we execute on our vision of transforming lives with trusted financial services that transcend borders.”
First quarterly GAAP net income of $1.9 million in Q3 2024, compared to net loss of $35.7 million in Q3 2023 16
Revenue +39% to $336.5 million, accelerating from Q2's +31%; send volume +42% to $14.5 billion 15
FY2024 revenue outlook raised to $1.250-1.254 billion and Adjusted EBITDA to $108-112 million from prior $90-100 million 16
Operating income turned positive for the first time after 16 negative periods (-15.8 to +USD 0.4 million). 15
EBITDA turned positive for the first time after 16 negative periods (-11.9 to +USD 5.0 million). 15
Net cash position expanded to USD 322.0 million from USD 167.8 million in 2024-Q2 (+92%, derived from reported financial debt minus cash). 15
Operating cash flow reached USD 146.8 million vs USD 29.0 million in 2023-Q3 (×5.1). 15
“We are pleased with our second quarter performance as our product experience delights both new and existing customers. Our differentiated positioning, focus on building long-term customer trust, and our increasing global scale enabled these strong results. Looking ahead, we are pleased to raise our 2024 outlook for revenue and Adjusted EBITDA.”
Revenue +31% to $306.4 million; send volume +38% to $13.2 billion; active customers +36% to 6.9 million 13
FY2024 revenue outlook raised to $1,230-1,250 million (30-32% growth) and Adjusted EBITDA to $90-100 million 14
“We are pleased with our strong start to the year that reflects our resilient customer base and superior customer experience. Our global scale and consistent execution has allowed us to deliver both robust top line growth and also improved profitability. As a result, we are pleased to build on this momentum by raising our outlook for full year 2024 Adjusted EBITDA.”
Revenue +32% to $269.1 million; active customers +36% to 6.2 million; send volume +34% to $11.5 billion 11
Transaction expenses as a percentage of revenue decreased to 33% in Q1 2024 from 36% in Q1 2023, driven by improved partner economics and fraud prevention 11
FY2024 Adjusted EBITDA outlook raised to $85-95 million from prior range of $75-90 million 12
2023 · 13 events
“Our strong fourth quarter and full year 2023 performance is the direct result of delighting our customers with a reliable and fast cross-border payments experience. We see significant opportunities ahead to continue driving strong customer growth and sustainably improving our profitability.”
Q4 net loss widened to $35.0M from $19.4M in Q4 2022, driven by increased technology and development investments 9
Q4 revenue +39% YoY to $264.8M (vs. +43% in Q3); FY revenue +44% to $944.3M from $653.6M 9
Operating cash flow turned positive on a half-year basis (2023-H1: -54.2 to 2023-H2: +USD 0.6 million, aggregated from reported quarters where needed). 118
“We are pleased with our third quarter results which reflect the continued strong execution by our global teams and the resilience and trust our customers have placed in us. We are in a very strong position to deliver robust long term growth rates at compelling unit economics, sustain targeted high return generating investments for long term value creation and to deliver operating leverage. We expect to close the year strongly and are increasing our revenue and Adjusted EBITDA outlook for 2023.”
Revenue +43% YoY to $241.6M (vs. +49% in Q2); active customers +42% to 5.4M; send volume +36% to $10.2B 7
FY 2023 revenue guidance raised to $935-943M (43-44% growth); Adjusted EBITDA guidance raised to $36-41M 8
“I am grateful to our customers and our global teams for our exceptional second quarter results and driving our outsized active customer growth. Based on our performance and the continued resilience of our customers, we are pleased to increase our 2023 outlook for both revenue and adjusted EBITDA, while at the same time making high-return investments to move us towards our long-term vision. Remitly is the trusted provider for millions of immigrants across the globe, and we continue to be motivated by their inspiring stories and unwavering commitment to continue supporting their loved ones across economic cycles.”
Adjusted EBITDA turned positive at $20.4M in Q2 2023 from negative $5.3M in Q2 2022 5
Revenue +49% YoY to $234.0M; active customers +47% to 5.0M; send volume +38% to $9.6B 5
FY 2023 revenue guidance raised to $915-925M from prior $875-895M; Adjusted EBITDA guidance raised to $33-40M from prior $5-15M 5
“We are pleased to have achieved another strong quarter as we remain focused on delivering a superior and trusted experience for our customers. Remitly's strategy of making long-term, customer-centric investments, along with the benefits of our increasing scale, have created significant competitive advantages. Looking ahead, we expect to continue driving strong top-line results along with sustainable and increasing returns from our investments.”
Acquired Rewire (O.S.G.) Research and Development Ltd. on January 5, 2023 for approximately $77.9M to accelerate remittance experience differentiation and expand into new geographies 4
Revenue +50% YoY to $203.9M; active customers +50% to 4.6M; send volume +40% to $8.5B 3
FY 2023 revenue guidance raised to $875-895M (34-37% growth); Adjusted EBITDA guidance raised to $5-15M from prior range of breakeven to $10M 3
Remitly Global Business Model
What Remitly Global does and how the company earns its money, written AI-editorially from the original reports alone, without any assessment of our own. NadirAlpha methodology
Remitly Global is a digital remittance platform that enables individuals to send money internationally across more than 5,500 corridors. The company earns revenue primarily through transfer fees and foreign exchange spreads applied to each transaction. Its core customer base consists of international migrants remitting funds to recipients in receiving countries, with growing participation from high-amount senders and business accounts. As of Q2 2026, the platform serves more than 10 million active customers on a quarterly basis.
Remitly Global Stock: Share-Price Drivers
The drivers of Remitly Global stock from the company's perspective: demand, prices, costs and capacity as the investor relations reports describe them. NadirAlpha methodology
Quarterly revenue rose from USD 361.6 million in 2025-Q1 to USD 495.2 million in 2026-Q2 while operating income moved from USD 12.2 million to USD 66.7 million over the same span, indicating growth is being converted into operating leverage 130
Revenue increased across each of the last six quarters, from USD 361.6 million to USD 495.2 million; growth flag reported as accelerating 130
Operating income improved from USD 12.2 million in 2025-Q1 to USD 66.7 million in 2026-Q2, with reported profitability trending positive 130
Launch of Remitly Wallet and Card, Remitly One membership and loyalty program, and Remitly Flex broadens the product set toward complementary financial products 25
Rewire (O.S.G) Research and Development Ltd. acquisition completed and integrated as part of geographic and capability expansion 8
Free cash flow reached USD 133.4 million in 2026-Q2 against a net cash position of USD 673.4 million, alongside an authorized $200 million share repurchase program 25
Sebastian Gunningham appointed Chief Executive Officer effective 2026-02-18 26
Sector trend: Cross-border money-transfer demand continues to expand as digital remittance providers take volume, and Remitly's KPIs point to improving unit economics with operating margin moving higher off scale 130. Sector economics favour operators converting rising send volumes into positive operating income and free cash flow 25.
Remitly Global Products & announcements (5/10 active+recent)
What Remitly Global launched, had approved or announced, from the filings up to Q2 2026, each row with the date of first mention. NadirAlpha methodology
Status: LaunchedPlanned
| Product/Line | Since | Status | Source |
|---|---|---|---|
| 2026 | |||
| Sebastian Gunningham appointment as Chief Executive Officer | 2026-02 | 26 | |
| 2025 | |||
| Remitly Wallet and Card | 2025 | 25 | |
| Remitly One membership and loyalty program | 2025 | 25 | |
| Remitly Flex | 2025 | 25 | |
| liquidity product expansion | 2025 | 25 | |
| 2024 | |||
| Remitly Scholars Program | 2024 | 17 | |
| disaster response program | 2024 | 17 | |
| 2023 | |||
| Israel office lease | 2023 | 6 | |
| expansion to complementary new products | 2023 | 10 | |
| 2021 | |||
| Pledge 1% commitment | 2021-07 | 17 | |
Remitly Global Transactions & Events (2)
All recorded acquisitions, divestitures and exits of Remitly Global, plus partnerships, contracts and regulatory events affecting the business, each with date and source. NadirAlpha methodology
Acquisitions by Remitly Global
Remitly Global Risks (100 since the annual report of 2026-02-18, 225 tracked in total)
Which risks Remitly Global has named since the annual report, company-specific first, generic standard risks in the expandable part; first mention refers to the document base from 2023. NadirAlpha methodology
Category: FinancialSupply chainRegulatoryTechnologyCompetitionMacroCustomersPeopleLegalCyberESGGeopoliticsOperations
| Risk | Category | Last reported |
|---|---|---|
| Remitly Global: first mention in 10-Q quarterly report of 2026-08-05 (2026-Q2), source 29 | ||
| Foreign currency exposure managed through natural hedges and derivative instruments. | = | |
| Reliance on multiple funding and disbursement partners for network operation. | = | |
| Complex compliance with global and local licensing and regulatory requirements. | = | |
| Fraud and money laundering risks managed through proprietary risk models and AI. | = | |
| Online marketing competition impacts customer acquisition cost efficiency. | = | |
| Remitly Global: first mention in 10-Q quarterly report of 2026-05-06 (2026-Q1), source 27 | ||
| OBBBA remittance tax on outbound non-digital remittances could impact business. | 2026-Q2 2026-08-05 29 | |
| Remitly Global: first mention in 10-K annual report of 2026-02-18 (FY2025), source 25 | ||
| Credit risk exposure to pay-in providers, disbursement partners, and banking partners. | 2026-Q2 2026-08-05 29 | |
| Remitly Global: first mention in 10-K annual report of 2025-02-19 (FY2024), source 17 | ||
| Changes in immigration policy and global migration patterns may shift transaction timing and volumes. | 2026-Q2 2026-08-05 29 | |
| Remitly Global: first mention in 10-Q quarterly report of 2023-05-08 (2023-Q1), source 4 | ||
| Foreign exchange rate fluctuations impact revenue and operating results as expressed in USD. | 2026-Q2 2026-08-05 29 | |
| Largest receive countries are India, Mexico, and Philippines. | 2026-Q2 2026-08-05 29 | |
| Remitly Global: first mention in 10-Q quarterly report of 2026-05-06 (2026-Q1), source 27 | ||
| Inflation, currency fluctuations, immigration policy, trade restrictions, and tariffs impact service demand | = | |
| Significant personnel-related costs for customer support, operations, and technology teams | = | |
| Remitly Global: first mention in 10-K annual report of 2026-02-18 (FY2025), source 25 | ||
| Allowance for credit losses may be insufficient; accuracy of liquidity product forecasts uncertain. | = | |
| Credit exposure on consumer receivables from money movement customers | = | |
| May not secure additional capital timely or on favorable terms to meet growth and operational needs. | = | |
| Regulated subsidiaries' capital and liquidity requirements may limit ability to distribute dividends to parent. | = | |
| NOLs and R&D tax credits may expire; limitations on usage could increase future tax liability. | = | |
| Significant working capital needed for customer transaction volumes; shortfalls could restrict growth. | = | |
| Partners with third parties for payment processing, disbursement, customer support; service failures could disrupt operations | = | |
| Limited number of third-party service providers available in certain regions for payment processing | = | |
| Operations in countries with rapid changes in laws, macroeconomic conditions, and geopolitical developments | = | |
| Revenue concentrated in US-India-Mexico-Philippines corridors; vulnerable to regional disruptions. | = | |
| Subject to FCPA, CFPOA, UK Bribery Act and similar anti-corruption laws globally | = | |
| Overestimating customer growth or retention could harm revenue and profitability forecasts. | = | |
| Payment system use for money laundering, terrorist financing, or fraud could trigger regulatory action and reputational damage. | = | |
| Large sums transferred daily; subject to fraud, money laundering, and scams; transaction losses of $84.2 million in 2025 | = | |
| Failure to maintain required money transfer, payment, and e-money licenses across jurisdictions could suspend operations. | = | |
| Card-not-present transactions and early fund disbursement expose company to fraud losses and chargeback liability. | = | |
| Subject to complex anti-money laundering, sanctions, and terrorist financing regulations globally | = | |
| Must develop and maintain risk-based AML programs and electronic know your customer systems | = | |
| Must maintain money transmitter licenses in 49 US states and equivalent licenses in multiple jurisdictions | = | |
| One Big Beautiful Bill Act tax on non-digital remittances; expected immaterial but monitoring required. | = | |
| Tax authorities may challenge transfer pricing policies, resulting in additional taxes and penalties. | = | |
| Limited ability to monitor cybersecurity practices of third parties; reliant on their security controls | = | |
| ESG and sustainability practices scrutiny may increase costs and impact brand reputation. | = | |
| International operations subject to adverse FX translation on consolidation | = | |
| Defects, errors, or outages in proprietary and third-party financial systems could impact reporting accuracy. | = | |
| Deterioration in financial market liquidity or partner bank failures could impair fund access and business operations. | = | |
| Prior periods of operating losses; net income of $67.9 million in 2025 but profitability not assured going forward | = | |
| Reliance on quantitative models with historical data may fail to predict future outcomes and financial stability. | = | |
| Seasonality, product mix shifts, and numerous operational factors create unpredictable quarterly results. | = | |
| Stock price vulnerable to equity market fluctuations and unrelated to operating performance. | = | |
| Disruption of US-China trade could impact critical technologies in disbursement network. | = | |
| Substantial revenue in non-USD currencies exposes business to exchange rate fluctuations and translation losses. | = | |
| Elevated rates and inflationary pressures complicate consumer receivables forecasting accuracy. | = | |
| Failed acquisition identification, due diligence, or integration could divert management and dilute shareholder value. | = | |
| Failure to maintain company culture during growth may harm employee retention and recruitment. | = | |
| Poor recipient experience from disbursement partners could reduce customer retention and usage. | = | |
| Increases in interchange, scheme, and disbursement fees could reduce profitability or force pricing changes. | = | |
| Inaccurate customer growth and retention forecasts could result in excess operating expenses. | = | |
| Need to attract and retain global talent as business grows and becomes more complex | = | |
| Data breaches or compromise of customer information could result in civil litigation and regulatory enforcement | = | |
| Third-party IP infringement claims, even without merit, cause significant costs and management distraction. | = | |
| Failure to comply with or renew third-party IP licenses could prevent product commercialization. | = | |
| CFPB consumer protection positions detrimental to business could harm profitability and operations. | = | |
| CFPB and state consumer protection regulations may increase compliance costs and require service changes. | = | |
| Heightened regulatory scrutiny and CFPB examination authority increase risk of enforcement actions and penalties. | = | |
| FCA Consumer Duty and similar regulations require enhanced conduct standards and customer value demonstrations. | = | |
| New government rules on remittances, licensing, customer identification, and FX disclosures may restrict operations. | = | |
| Federal, state, or foreign taxes and fees on money transfers could reduce competitiveness and customer usage. | = | |
| OECD Pillar Two global minimum tax framework may increase effective tax rates and create disputes. | = | |
| Reporting and recordkeeping obligations on e-commerce may result in substantial penalties if not met. | = | |
| Insufficient rights to AI-training data may expose company to litigation and IP complications. | = | |
| EU AI Act and evolving AI regulations could increase compliance costs and regulatory fines. | = | |
| AI-powered solutions may contain biased, inaccurate, or deficient outputs; competitors may adopt AI faster. | = | |
| Third-party cloud provider outages or single-provider dependence could disrupt service and damage reputation. | = | |
| Inadequate IP rights protection, particularly in developing countries, could impair business competitiveness. | = | |
| Corporate HQ and data centers in earthquake-prone western US; vulnerable to cyberattacks and outages. | = | |
| Operates in highly competitive global cross-border payments industry with traditional banks, digital-first providers, and neobanks | = | |
| Intense competition in customer acquisition and marketing efficiency pressure on economics. | = | |
| May not be able to innovate or develop new products as quickly as competitors or as demanded by customers | = | |
| Remitly Global: first mention in 10-Q quarterly report of 2025-05-07 (2025-Q1), source 19 | ||
| Global trade policies, tariffs, and international conflicts may affect cross-border payment adoption | 2026-Q1 2026-05-06 27 | |
| Remitly Global: first mention in 10-K annual report of 2025-02-19 (FY2024), source 17 | ||
| Failure to properly manage substantial customer funds could result in reputational harm and regulatory penalties | FY2025 2026-02-18 25 | |
| Failure to prevent transactions with sanctioned persons or jurisdictions could result in penalties and license suspension. | FY2025 2026-02-18 25 | |
| Cyberattacks, cybersecurity breaches, and service outages could harm business, reputation, and customer trust | FY2025 2026-02-18 25 | |
| Service outages or cyberattacks could harm operations, reputation, and customer trust. | FY2025 2026-02-18 25 | |
| Recent rapid growth may not be indicative of future growth; growth rate may decline as business scales | FY2025 2026-02-18 25 | |
| Economic and political instability, natural disasters, or civil unrest could prevent money transfers to affected regions. | FY2025 2026-02-18 25 | |
| Open source license terms could require source code disclosure or discontinuation of products. | FY2025 2026-02-18 25 | |
| Remitly Global: first mention in 10-K annual report of 2024-02-23 (FY2023), source 10 | ||
| Largest receive countries by send volume are India, Mexico, and the Philippines | 2026-Q1 2026-05-06 27 | |
| Default or failure of banks, financial institutions, or hedging counterparties could result in significant losses. | FY2025 2026-02-18 25 | |
| FX exposure on cross-border payments; USD strengthening reduces fair value | FY2025 2026-02-18 25 | |
| Escalation in Ukraine and Middle East could disrupt European operations and development teams. | FY2025 2026-02-18 25 | |
| Disbursement partner insolvency or non-compliance could prevent fund transfers and harm business continuity. | FY2025 2026-02-18 25 | |
| Changes in immigration laws could reduce remittance volumes and migration patterns. | FY2025 2026-02-18 25 | |
| Disbursement partner failure to remit funds timely or insufficient capital | FY2025 2026-02-18 25 | |
| Dependence on payment processors with material change of service terms could disrupt payment acceptance. | FY2025 2026-02-18 25 | |
| Loss of key executives or recruitment challenges could impact business strategy and execution. | FY2025 2026-02-18 25 | |
| Government regulation of foreign exchange rates or taxation could harm revenue and business model. | FY2025 2026-02-18 25 | |
| International expansion brings regulatory complexity, tax risks, IP protection challenges, and local competition. | FY2025 2026-02-18 25 | |
| Evolving advertising, email, and consumer protection laws subject company to litigation and regulatory action. | FY2025 2026-02-18 25 | |
| Subject to complex, overlapping privacy, cybersecurity, and AI laws across multiple jurisdictions with evolving requirements | FY2025 2026-02-18 25 | |
| Changes to device APIs or platform support could diminish product value and customer adoption. | FY2025 2026-02-18 25 | |
| Service disruptions from cyberattacks, outages, or disasters could harm reputation and customer retention. | FY2025 2026-02-18 25 | |
| Remitly Global: first mention in 10-Q quarterly report of 2023-08-03 (2023-Q2), source 6 | ||
| Foreign exchange movements significantly impact business across multiple jurisdictions. | FY2025 2026-02-18 25 | |
| Management of fraud including identity theft and money laundering through risk models and AI | 2026-Q1 2026-05-06 27 | |
| Ongoing legal proceedings and investigations divert management attention and incur significant expenses. | FY2025 2026-02-18 25 | |
| Remitly Global: first mention in 10-Q quarterly report of 2023-05-08 (2023-Q1), source 4 | ||
| Business relies on network of funding and disbursement partners across 5500+ corridors | 2026-Q1 2026-05-06 27 | |
| Multiple jurisdictions require holding eligible liquid assets for customer balances | 2026-Q1 2026-05-06 27 | |
| Company occasionally involved in legal proceedings; management believes no material adverse effect. | 2025-Q3 2025-11-05 23 | |
Remitly Global Reported KPIs (as disclosed) (192)
NadirAlpha collects 192 reported KPIs of Remitly Global from the filings up to Q2 2026; the definition comes from the company, period and source are stated at every value. NadirAlpha methodology
| KPI | Value / change | Source |
|---|---|---|
| Remitly Global, published 2026-08-05, period 2026-Q2 | ||
| iOS App Store rating | 4.9 | 29 |
| Unused borrowing capacity | $474.7 million | 29 |
| Send volume (six months) | $45.6 billion | 29 |
| Send volume | $23.5 billion | 29 |
| Send volume | $23.5 billion | 30 |
| Revolving Credit Facility | $550.0 million | 29 |
| Global corridors | 5,700 | 29 |
| Cash and cash equivalents | $676.4 million | 29 |
| Android Google Play rating | 4.8 | 29 |
| Active customers | 10.2 million | 29 |
| Active customers | 10.2 million | 30 |
| Remitly Global, published 2026-05-06, period 2026-Q1 | ||
| Send volume | $22,063 | 27 |
| Active customers | 9,634 | 27 |
| Send volume | $22.1 billion | 28 |
| Active customers | 9.6 million | 28 |
| Remitly Global, published 2026-02-18, period FY2025 | ||
| Unused borrowing capacity | 323.2 | 25 |
| Trademarked brands | 6 US registered, 135 foreign registered, 1 pending US, 14 pending foreign | 25 |
| Share repurchases year ended | 23.9 | 25 |
| Share repurchase program | 200 | 25 |
| Send volume | $74.9 billion | 25 |
| Send volume | 74,912 | 25 |
| Revolving Credit Facility commitment | 550.0 | 25 |
| Quarterly active users | 9.3 million | 25 |
| Purchase commitments | 133.9 | 25 |
| Outstanding borrowings 2025 facility | 155.0 | 25 |
| iOS app reviewers | 4.0 million | 25 |
| iOS app rating | 4.9 | 25 |
| countries of operation | 175 | 25 |
| corridors | 5,300 | 25 |
| cash pickup locations | 490,000 | 25 |
| cash and cash equivalents | 542.4 | 25 |
| bank accounts and wallets reach | 5.4 billion | 25 |
| Android app reviewers | 1.3 million | 25 |
| Android app rating | 4.8 | 25 |
| active customers | 9.3 million | 25 |
| Active customers | 9,279 | 25 |
| accumulated deficit | 460.3 | 25 |
| Remitly Global, published 2026-02-18, period 2025-Q4 | ||
| Send volume | $20.8 billion | 26 |
| Send volume | $15.4 billion | 26 |
| Send volume | $74.9 billion | 26 |
| Send volume | $54.6 billion | 26 |
| Cash flow from operations | 325.1 million | 26 |
| Cash flow from operations | 111.6 million | 26 |
| Active customers | 9.3 million | 26 |
| Active customers | 7.8 million | 26 |
| Remitly Global, published 2025-11-05, period 2025-Q3 | ||
| Unused borrowing capacity | 484.6 million | 23 |
| Share repurchases | 11.9 million | 23 |
| Share repurchase program authorization | 200 million | 23 |
| Send volume | $19,519 | 23 |
| Send volume | $14,490 | 23 |
| Send volume | $54,154 | 23 |
| Send volume | $39,195 | 23 |
| Send volume | $19.5 billion | 24 |
| Letter of credit sub-facility | 200.0 million | 23 |
| Google Play reviews (Android) | over 1.2 million | 23 |
| Google Play rating (Android) | 4.8 | 23 |
| Disbursement corridors | over 5,300 | 23 |
| Cumulative borrowings and repayments | 4.1 billion | 23 |
| Cash pick-up options | approximately 490,000 | 23 |
| Cash and cash equivalents | 476.9 million | 23 |
| Cash and cash equivalents | 368.1 million | 23 |
| Bank accounts and mobile wallets (payout) | over 5.4 billion | 23 |
| Average term of outstanding borrowings | approximately four days | 23 |
| App Store reviews (iOS) | over 3.8 million | 23 |
| App Store rating (iOS) | 4.9 | 23 |
| Active customers | 8,856 | 23 |
| Active customers | 8.9 million | 24 |
| 2025 Revolving Credit Facility commitment | 550.0 million | 23 |
| Remitly Global, published 2025-08-06, period 2025-Q2 | ||
| Send volume | 18,477 | 21 |
| Send volume | 13,241 | 21 |
| Send volume | 34,635 | 21 |
| Send volume | 24,705 | 21 |
| Send volume | $18.5 billion | 22 |
| Cash and cash equivalents | 515.9 | 21 |
| Active customers | 8,511 | 21 |
| Active customers | 8.5 million | 22 |
| Remitly Global, published 2025-05-07, period 2025-Q1 | ||
| Send volume | $16,158 | 19 |
| Send volume | 16.2 billion | 20 |
| Active customers | 8,035 | 19 |
| Active customers | 8.0 million | 20 |
| Remitly Global, published 2025-02-19, period FY2024 | ||
| Send volume | $54,615 | 17 |
| iOS App Store reviewers | approximately 3.2 million | 17 |
| iOS App Store rating | 4.9 | 17 |
| Active customers | 7,780 | 17 |
| U.S. registered trademarks | 6 | 17 |
| Transaction losses FY2024 percentage of send volume | 0.11% | 17 |
| Transaction losses | $57.9 million | 17 |
| Transaction losses FY2023 percentage of send volume | 0.10% | 17 |
| Transaction losses | $39.0 million | 17 |
| Transaction losses FY2022 percentage of send volume | 0.15% | 17 |
| Transaction losses | $41.9 million | 17 |
| Send volume | $54.6 billion | 17 |
| Send volume | $39.5 billion | 17 |
| Send volume | $28.6 billion | 17 |
| Revenue | $1,264.0 million | 17 |
| Revenue | $944.3 million | 17 |
| Revenue | $653.6 million | 17 |
| Remittance corridors | over 5,100 | 17 |
| Quarterly active users | 7.8 million | 17 |
| Pending foreign trademark applications | 23 | 17 |
| Pending U.S. trademark applications | 2 | 17 |
| Net loss | -$37.0 million | 17 |
| Net loss | -$117.8 million | 17 |
| Net loss | -$114.0 million | 17 |
| Market share of C2C cross-border payments | approximately 3% | 17 |
| Global footprint countries | over 170 | 17 |
| Foreign registered trademarks | 122 | 17 |
| Cash pick-up options | approximately 470,000 | 17 |
| Bank accounts and mobile wallets accessible | over 5.0 billion | 17 |
| Android Google Play reviewers | over 950,000 | 17 |
| Android Google Play rating | 4.8 | 17 |
| Active customers growth Q4 YoY | 32% | 17 |
| Active customers | 7.8 million | 17 |
| Active customers | 5.9 million | 17 |
| Remitly Global, published 2025-02-19, period 2024-Q4 | ||
| Send volume (Q4) | $15.4 billion | 18 |
| Send volume (FY) | $54.6 billion | 18 |
| Active customers (Q4) | 7.8 million | 18 |
| Remitly Global, published 2024-10-30, period 2024-Q3 | ||
| Send volume | 14,490 | 15 |
| Send volume | 10,227 | 15 |
| Send volume | 39,195 | 15 |
| Send volume | 28,351 | 15 |
| Send volume | $14.5 billion | 16 |
| Active customers | 7,310 | 15 |
| Active customers | 7.3 million | 16 |
| Remitly Global, published 2024-07-31, period 2024-Q2 | ||
| Send volume (six months) | $24,705 | 13 |
| Send volume | $13,241 | 13 |
| Send volume | $13.2 billion | 14 |
| Active customers | 6,851 | 13 |
| Active customers | 6.9 million | 14 |
| Remitly Global, published 2024-05-01, period 2024-Q1 | ||
| Send volume | $11,464 | 11 |
| Active customers | 6,209 | 11 |
| Send volume | $11.5 billion | 12 |
| Active customers | 6.2 million | 12 |
| Remitly Global, published 2024-02-23, period FY2023 | ||
| Transaction loss pct | 0.10% | 10 |
| Transaction loss pct | 0.15% | 10 |
| Transaction loss pct | 0.15% | 10 |
| transaction loss | -39.0 million | 10 |
| transaction loss | -41.9 million | 10 |
| transaction loss | -29.7 million | 10 |
| send volume FY | $39.5 billion | 10 |
| Send volume | $39,459 | 10 |
| Quarterly active users | 5.9 million | 10 |
| mobile wallets accessible | 1.2 billion | 10 |
| mobile app iOS rating | 4.9 | 10 |
| mobile app Android rating | 4.8 | 10 |
| iOS app reviewers | 1.4 million | 10 |
| countries served | 170 | 10 |
| corridors | 5,000 | 10 |
| cash pickup locations | 460,000 | 10 |
| bank accounts accessible | 4.2 billion | 10 |
| Android app reviewers | 740,000 | 10 |
| active customers Q4 | 5.9 million | 10 |
| Active customers | 5,911 | 10 |
| Remitly Global, published 2024-02-21, period 2023-Q4 | ||
| Send volume | $11.1 billion | 9 |
| Active customers | 5.9 million | 9 |
| Remitly Global, published 2023-11-01, period 2023-Q3 | ||
| Unused borrowing capacity | 202.5 million | 7 |
| send volume | $10,227 million | 7 |
| send volume | $28,351 million | 7 |
| Rewire acquisition consideration | approximately 77.9 million | 7 |
| mobile wallets payout | approximately 1.2 billion | 7 |
| mobile app iOS reviewers | approximately 1.2 million | 7 |
| mobile app iOS rating | 4.9 | 7 |
| mobile app Android reviewers | over 690,000 | 7 |
| mobile app Android rating | 4.8 | 7 |
| global corridors | approximately 4,900 | 7 |
| cash pickup locations | approximately 460,000 | 7 |
| cash and cash equivalents Sept | 223.3 million | 7 |
| bank accounts payout | approximately 4.0 billion | 7 |
| Active customers | 5,409 | 7 |
| Send volume | $10.2 billion | 8 |
| Active customers | 5.4 million | 8 |
| Remitly Global, published 2023-08-03, period 2023-Q2 | ||
| iOS App Store reviewers | approximately 1.2 million | 6 |
| iOS App Store rating | 4.9 | 6 |
| Unused borrowing capacity | $190.0 million | 6 |
| Send volume | $9.6 billion | 6 |
| Rewire lease total estimated cash payments | approximately $6.0 million | 6 |
| Rewire holdback liability fair value | $12.9 million | 6 |
| Rewire acquisition consideration | approximately $77.9 million | 6 |
| Mobile wallets accessible | approximately 1.2 billion | 6 |
| Global network corridors | approximately 4,800 | 6 |
| Cash pickup locations | over 460,000 | 6 |
| Cash and cash equivalents | $227.5 million | 6 |
| Bank accounts accessible | approximately 4.0 billion | 6 |
| Android Google Play reviewers | approximately 650,000 | 6 |
| Android Google Play rating | 4.8 | 6 |
| Active customers | 5.0 million | 6 |
| Remitly Global, published 2023-08-02, period 2023-Q2 | ||
| Send volume | $9.6 billion | 5 |
| Active customers | 5.0 million | 5 |
| Remitly Global, published 2023-05-08, period 2023-Q1 | ||
| Send volume | 8,544 | 4 |
| Active customers | 4,559 | 4 |
| Remitly Global, published 2023-05-03, period 2023-Q1 | ||
| Send volume | $8.5 billion | 3 |
| Active customers | 4.6 million | 3 |
Remitly Global Development
A condensed summary of Remitly Global per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. NadirAlpha methodology
FY2026: Remitly Global
Remitly delivered strong revenue growth through the first half of fiscal 2026, with Q1 revenue of USD 452.8 million up 25% year over year 27 and Q2 revenue of USD 495.2 million up 20% year over year 29, driven by active customer growth, continued customer retention, and favorable foreign currency movements. Active customers reached 10.2 million in Q2 2026, surpassing 10 million for the first time in the company's history 30, supported by expansion into high-amount senders and small-to-mid-sized businesses. Q2 net income of USD 205.9 million was materially lifted by a $140.6 million discrete tax benefit from the full release of the U.S. deferred tax valuation allowance, reflecting sustained profitability 30. Remitly Global raised its full-year 2026 revenue guidance twice during the first half, most recently to $1.978 billion to $1.988 billion representing 21% to 22% growth, with Adjusted EBITDA guidance of $410 million to $415 million 30.
FY2025: Remitly Global
Remitly Global generated full-year 2025 revenue of $1,635.1 million, up 29% year-over-year, driven by 19% growth in active customers to 9.3 million and 37% growth in send volume to $74.9 billion 25. Remitly Global reported its first full fiscal year of GAAP net income at $67.9 million, compared to a net loss of $37.0 million in fiscal 2024 25 26. Adjusted EBITDA increased 93% to $272.2 million while operating cash flow grew to $325.1 million from $111.6 million in the prior year 25. Revenue growth ran at 34% in Q1 and Q2 before moderating to 25% in Q3 and recovering to 26% in Q4 19 23 26. Sebastian Gunningham was appointed Chief Executive Officer, with Matt Oppenheimer remaining as Chairman 26.
FY2024: Remitly Global
Remitly Global reported FY 2024 revenue of $1,264.0 million, a 34% increase from $944.3 million in 2023, driven by a 32% rise in active customers to 7.78 million and a 38% increase in send volume to $54.6 billion 17 18. Net loss narrowed to $37.0 million from $117.8 million in 2023, while Adjusted EBITDA expanded to $134.8 million from $44.5 million, reflecting improved partner economics and transaction cost efficiencies as the year progressed 17 18. Revenue growth accelerated from +32% in Q1 to +39% in Q3 before moderating to +33% in Q4, with the company achieving its first quarter of GAAP net income in Q3 2024 15 16. Long-term debt of $130.0 million was fully repaid during the year, and the company ended 2024 with $368.1 million in cash and a net cash position of $365.6 million 18. Management initiated 2025 guidance projecting 24% to 25% revenue growth and positive full-year GAAP net income, while the global remittance network expanded to over 5,100 corridors 17 18.
FY2023: Remitly Global
Remitly Global reported full-year 2023 revenue of $944.3 million, a 44% increase from $653.6 million in 2022, driven by a 41% rise in active customers to 5.9 million and a 38% increase in send volume to $39.5 billion 9 10. Transaction expenses as a percentage of revenue declined to 35% in 2023 from 40% in 2022, reflecting improved partner economics and fraud prevention 10. Full-year Adjusted EBITDA turned positive at $44.5 million compared to negative $13.6 million in 2022, while the GAAP net loss widened modestly to $117.8 million from $114.0 million, primarily driven by increased investments in technology, development, and marketing 9 10. Remitly Global raised its full-year revenue and Adjusted EBITDA guidance three times during 2023 as customer growth exceeded initial expectations 3 5 8. In January 2023, Remitly acquired Rewire (O.S.G.) Research and Development Ltd. for approximately $77.9 million to accelerate remittance experience differentiation and expand into new geographies 10.
Glossary
- Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
- Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
- EBITDA (adj.): Adjusted EBITDA, verbatim and company-defined (non-GAAP), never derived.
- Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
- EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
- FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
- OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
- Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
- Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
- *: derived, the formula is in the hover
- ≈: calculated, approximation
- ~: uncertain; the value stays visible, verdicts do not use it
- °: repaired by a targeted query against the document, or curated with documentary evidence
- EBIT: EBIT as a fallback: the income statement carries no operating line
- basic: basic earnings per share as a fallback when diluted is missing
Sources: quarterly reports, annual reports and investor relations documents
35 sources on Remitly Global since 2023; the superscript numbers in the chapters refer to these rows, older documents are in the expandable part. NadirAlpha methodology
Older sources (+5)
| # | Document type | Published |
|---|---|---|
| #201 | 10-Q quarterly report | 2021-11-12 |
| #205 | 10-Q quarterly report | 2021-11-12 |
| #202 | 10-K annual report | 2022-03-29 |
| #203 | 10-Q quarterly report | 2022-05-13 |
| #204 | 10-Q quarterly report | 2022-08-10 |
Remitly Global Stock FAQ
Is there a management forecast (guidance) for FY2026?
Yes. Management has issued targets for FY2026, including Revenue. The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.
Which additional key figures does Remitly Global report?
As reported for Q2 2026: Active customers, Send volume, Android Google Play rating, Unused borrowing capacity, Send volume (six months), Global corridors. The chapter Reported KPIs lists every value with its source.
Where can I find the official investor relations documents of Remitly Global?
NadirAlpha links all 35 original filings used (SEC filings) in the sources chapter: earnings release, quarterly report, annual report, each with type, publication date and a direct link; every figure in the report carries a source number.