Remitly Global, Inc. ( (RELY) ) has released its Q2 earnings. Here is a breakdown of the information Remitly Global, Inc. presented to its investors.
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Remitly Global, Inc. is a digital financial services company specializing in cross-border payments, offering a reliable and transparent money movement experience to customers in over 170 countries.
In its second quarter of 2025, Remitly reported financial results that exceeded expectations, with significant growth in send volume and revenue, alongside a notable shift to profitability. The company also announced an increase in its full-year financial outlook and a new share repurchase program.
Key financial highlights include a 40% increase in send volume to $18.5 billion and a 34% rise in revenue to $411.9 million compared to the same quarter last year. Net income reached $6.5 million, a turnaround from a net loss of $12.1 million in the previous year, while Adjusted EBITDA surged by 144% to $64.0 million. The company also saw a 24% increase in active customers, reaching 8.5 million.
Strategically, Remitly’s Board of Directors has authorized a $200 million share repurchase program, aimed at returning capital to stockholders and managing equity compensation dilution. This move reflects the company’s disciplined approach to capital allocation and confidence in its growth trajectory.
Looking forward, Remitly has raised its full-year 2025 revenue outlook to between $1.61 billion and $1.62 billion, with expectations of positive GAAP net income and Adjusted EBITDA ranging from $225 million to $230 million. The company remains optimistic about closing the year on a strong note, driven by continued innovation and expansion in global financial services.