Companies /Technology

Remitly Global Inc

NASDAQ: RELY Software - Infrastructure
$21.73
▼ $0.42 (−1.90%) today
Markets closed · 7:29am ET

Q2 2025 Earnings

Reported Aug 6, 2025, 4:08pm ET · SEC source
$0.03
Miss −83.67%
EPS · est. $0.18
$411.9M
Beat +7.13%
Revenue · est. $384.5M
+4.0%
Beating market
RELY vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−6%0+6%Aug 6Aug 7report 4:08pm ETearnings+0.2%+4.0%
−6%0+6%Aug 6Aug 7earnings+0.2%+4.0%
RELY +4.0%S&P 500 +0.2%
−6%0+6%Aug 6Aug 7report 4:08pm ETearnings+0.6%+4.0%
−6%0+6%Aug 6Aug 7earnings+0.6%+4.0%
RELY +4.0%NASDAQ +0.6%
−6%0+6%Aug 5Aug 14report 4:08pm ETearnings+2.0%+7.6%
−6%0+6%Aug 5Aug 14earnings+2.0%+7.6%
RELY +7.6%S&P 500 +2.0%
−6%0+6%Aug 5Aug 14report 4:08pm ETearnings+2.2%+7.6%
−6%0+6%Aug 5Aug 14earnings+2.2%+7.6%
RELY +7.6%NASDAQ +2.2%
+15.06%
Day of report
+0.26%
Next session
+3.69%
One week
+6.86%
30 days

S&P 500 over the same 30 days: +2.86%.

Did RELY Beat Earnings? Q2 2025 Results

Remitly Global posted a mixed second quarter for 2025, delivering a revenue beat that masked a significant earnings shortfall as the digital remittance company continues investing aggressively in its next growth phase. Revenue of $411.85 million topped the $384.46 million consensus by 7.13% and climbed 34.4% year-over-year, fueled by a 40% surge in send volume to $18.50 billion and a 24% rise in quarterly active customers to 8.5 million. However, GAAP earnings per share of $0.03 fell well short of the $0.18 consensus estimate, a miss of 83.67%, even as the company swung to GAAP net income of $6.54 million from a year-ago loss of $12.09 million. Adjusted EBITDA expanded 144% to $64.00 million, driven largely by marketing efficiencies and AI-powered cost reductions across customer support. The company is also pushing into small business payments, a segment it sees dramatically expanding its addressable market. Management lifted full-year revenue guidance to $1.61 billion–$1.62 billion and raised Adjusted EBITDA guidance to $225 million–$230 million, projecting positive GAAP net income for the full year.

Key Takeaways
  • 40% growth in send volume to $18.5 billion
  • 24% growth in quarterly active customers to 8.5 million
  • Marketing efficiency improvements of 422 bps as a percentage of revenue driven by digital marketing, word of mouth, and AI tools
  • Customer support cost leverage from product improvements and AI automation
  • Technology and development leverage of 225 bps improvement as a percentage of revenue
  • Foreign currency fluctuations contributed approximately $3.5 million to Q2 revenue; constant currency revenue growth was 33%

“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.”

Remitly Global CEO, on the earnings call

Forward Guidance & Outlook

For full year 2025, Remitly raised its revenue outlook to $1.61 billion–$1.62 billion (27%–28% YoY growth), up from prior guidance of $1.574 billion–$1.587 billion. Adjusted EBITDA guidance was raised to $225 million–$230 million, up from the prior $195 million–$210 million range. The company expects positive GAAP net income for the full year. For Q3 2025, revenue is expected at $411 million–$413 million (22%–23% YoY growth), with modest GAAP net income and Adjusted EBITDA of $53 million–$55 million.

RELY YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$200.0M$400.0M$306.4M$411.9MRevenue$178.6M$268.1MGross Profit$5.0M$14.6MOperating Income$2.6M$6.5MNet Income
$0$200.0M$400.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.