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Remitly Global, Inc. (RELY)
:RELY
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.19Last Year’s EPS
0.13Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 8.06%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call was predominantly positive, with strong revenue and adjusted EBITDA growth, as well as successful diversification and operational efficiency. However, there are concerns about macroeconomic uncertainties and the expected increase in marketing spend, which could impact future margins.Company Guidance
In the first quarter of 2025, Remitly reported a revenue growth of 34% year-over-year, reaching $361.6 million, with an adjusted EBITDA margin surpassing 16%. The company exceeded the Rule of 50, indicating strong growth and profitability. Remitly saw a 9% increase in send volume per active customer, and send volume for transactions over $1,000 grew by more than 45% year-over-year. The company managed nearly $60 billion in send volume over the last 12 months and achieved a gross take rate of 2.24%. Remitly's quarterly active customers increased by 29% to over 8 million. Marketing spend as a percentage of revenue improved by 473 basis points year-over-year, while customer support and operations expenses improved by 89 basis points. The company also launched remittance services to new regions, including Nigeria, Burkina Faso, and Mali, and expanded disbursement options. Remitly is raising its full-year revenue and adjusted EBITDA outlook due to the strong results.Strong Revenue Growth
Revenue for Q1 2025 was $361.6 million, up 34% year-over-year. This growth exceeded expectations and was driven by strong retention and new customer acquisition.
Adjusted EBITDA Surpasses Expectations
Adjusted EBITDA for Q1 2025 was $58.4 million, surpassing 16% in adjusted EBITDA margins and achieving a Rule of 50 quarter.
Geographic and Product Diversification
The company expanded its footprint by launching services in new regions like Nigeria, Burkina Faso, and Mali, and introduced integrations with local payment partners. The top three receiving countries (India, the Philippines, and Mexico) saw revenue diversification with a 45% growth rate in other regions.
High-Dollar Sender Growth
Send volume related to transactions of more than $1,000 grew by more than 45% year-over-year, and the mix increased by approximately 200 basis points.
Operational Efficiency
93% of transactions were processed in less than an hour, and 95% proceeded without customer support contact.
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RELY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RELY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $21.09 | $24.16 | +14.56% |
Feb 19, 2025 | $25.91 | $25.79 | -0.46% |
Oct 30, 2024 | $15.26 | $17.98 | +17.82% |
Jul 31, 2024 | $13.21 | $13.74 | +4.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Remitly Global, Inc. (RELY) report earnings?
Remitly Global, Inc. (RELY) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Remitly Global, Inc. (RELY) earnings time?
Remitly Global, Inc. (RELY) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RELY EPS forecast?
RELY EPS forecast for the fiscal quarter 2025 (Q2) is 0.19.
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