Remitly Global

Remitly Global (RELY) Q3 2025 Earnings

Reported Nov 5, 2025 at 4:10 PM ET · SEC Source

Q3 25 EPS

$0.04

MISS 77.40%

Est. $0.18

Q3 25 Revenue

$419.5M

BEAT +1.39%

Est. $413.7M

vs S&P Since Q3 25

+44.2%

BEATING MARKET

RELY +55.6% vs S&P +11.4%

Market Reaction

Did RELY Beat Earnings? Q3 2025 Results

Remitly Global posted a mixed third quarter for fiscal 2025, beating on revenue but falling well short of profit expectations as the digital remittance company navigated the tension between accelerating growth and near-term earnings delivery. Revenue… Read more Remitly Global posted a mixed third quarter for fiscal 2025, beating on revenue but falling well short of profit expectations as the digital remittance company navigated the tension between accelerating growth and near-term earnings delivery. Revenue of $419.49 million grew 24.6% year over year, edging past the $413.73 million consensus estimate by 1.39%, fueled by a 35% surge in send volume to $19.50 billion and a 21% rise in quarterly active customers to 8.9 million. However, GAAP earnings per share of $0.04 missed the $0.18 consensus by a steep 77.40%, even as GAAP net income improved to $8.83 million from $1.92 million a year ago, and Adjusted EBITDA climbed to $61.18 million with a 14.6% margin. Despite the profit shortfall, management raised its full-year 2025 revenue outlook to $1.62 billion–$1.62 billion, reflecting 28% growth, and lifted Adjusted EBITDA guidance to $234 million–$236 million; the stock nonetheless touched a 52-week low, signaling that investors remain cautious about the pace of bottom-line improvement.

Key Takeaways

  • 35% year-over-year growth in send volume to $19.5 billion
  • 21% year-over-year growth in quarterly active customers to 8.9 million
  • 40% YoY growth in send volume for customers sending $1K+
  • 200 basis point YoY mix shift toward customers sending $1K+
  • Efficiencies in digital and brand marketing along with word of mouth
  • Product improvements driving lower customer support contact rates
  • Increasing automation including AI-driven virtual assistant
  • Rigorous discipline on hiring and non-headcount spend
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RELY YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

“In Q3, we built on the momentum from last quarter, delivering innovation across the product portfolio.”

— Matt Oppenheimer, Q3 2025 Earnings Press Release