Companies /Technology

Remitly Global Inc

NASDAQ: RELY Software - Infrastructure
$21.73
▼ $0.42 (−1.90%) today
Markets closed · 8:22am ET

Q3 2025 Earnings

Reported Nov 5, 2025, 4:10pm ET · SEC source
$0.04
Miss −77.40%
EPS · est. $0.18
$419.5M
Beat +1.39%
Revenue · est. $413.7M
+13.1%
Beating market
RELY vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−10%0+10%+20%Nov 5Nov 6report 4:10pm ETearnings−0.8%−13.2%
−10%0+10%+20%Nov 5Nov 6earnings−0.8%−13.2%
RELY −13.2%S&P 500 −0.8%
−10%0+10%+20%Nov 5Nov 6report 4:10pm ETearnings−1.5%−13.2%
−10%0+10%+20%Nov 5Nov 6earnings−1.5%−13.2%
RELY −13.2%NASDAQ −1.5%
−10%0+10%Nov 4Nov 13report 4:10pm ETearnings−0.9%−13.6%
−10%0+10%Nov 4Nov 13earnings−0.9%−13.6%
RELY −13.6%S&P 500 −0.9%
−10%0+10%Nov 4Nov 13report 4:10pm ETearnings−2.4%−13.6%
−10%0+10%Nov 4Nov 13earnings−2.4%−13.6%
RELY −13.6%NASDAQ −2.4%
−25.12%
Day of report
+3.25%
Next session
+1.46%
One week
+14.95%
30 days

S&P 500 over the same 30 days: +1.90%.

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 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

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

Remitly Global CEO, on the earnings call

Forward Guidance & Outlook

Remitly raised its full-year 2025 revenue outlook to $1.619 billion–$1.621 billion (up from $1.610 billion–$1.620 billion), representing 28% year-over-year growth. Full-year 2025 Adjusted EBITDA guidance was raised to $234 million–$236 million (up from $225 million–$230 million). GAAP net income is expected to be positive for full-year 2025. For Q4 2025, the company expects revenue of $426 million–$428 million (21%–22% YoY growth) and Adjusted EBITDA of $50 million–$52 million, with positive GAAP net income.

RELY YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$200.0M$400.0M$336.5M$419.5MRevenue$199.2M$272.8MGross Profit$368,000$11.8MOperating Income$1.9M$8.8MNet Income
$0$200.0M$400.0MRevenueGross ProfitOperating IncomeNet Income

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