Remitly Global, Inc. (RELY)
NASDAQ:RELY
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.2Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed predominantly positive momentum: record revenue and adjusted EBITDA, strong volume and customer growth, improving unit economics (RLTE), meaningful free cash flow and GAAP profitability, plus clear early traction in high-value senders and business customers. Management emphasized disciplined cost control, aggressive AI adoption to drive efficiencies, and an active share repurchase program. Notable cautions include workforce reductions, reliance on some temporary tailwinds (tax refunds, remittance tax, geopolitical spikes), nascent contribution from new product categories (receivers, cards, wallets), and variability in transaction losses. On balance, the positives—sizable, recurring financial improvements and clear product/market traction—outweigh the lowlights.Company Guidance
Record Revenue and Strong Top-Line Growth
Q1 revenue of $453 million, up 25% year-over-year and $16 million above the midpoint of guidance; full-year 2026 revenue guidance of $1.96–$1.975 billion (20%–21% growth).
Record Adjusted EBITDA and Margin Expansion
Adjusted EBITDA of $102 million (first time >$100M), ~22% adjusted EBITDA margin in Q1, $19 million above the midpoint of guidance; full-year adjusted EBITDA guidance $370–$385 million (~19% margin, ~250 bps YoY expansion).
Strong Profitability and Free Cash Flow
GAAP net income of $49 million in Q1, >300% increase vs. $11 million in Q1 2025; free cash flow over $70 million in Q1; cash balance ~ $650 million at quarter end.
Robust Volume and Customer Growth
Send volume grew 37% YoY to $22.1 billion; quarterly active users (QAU) up 20% YoY to >9.6 million; Send volume per active customer rose to ~$2,300, up 14% YoY.
Improving Unit Economics (RLTE)
Revenue Less Transaction Expenses (RLTE) dollars grew 28% YoY to $308 million; RLTE as % of revenue improved to 68%, up 156 basis points YoY.
Growth Accelerator Traction (High-Value, Business, New Products)
High-value sender volume grew 73% YoY and mix increased by 220 bps; Remitly Business users >20,000 with business Send volume up >30% QoQ and RLTE per business customer >2x core; revenue from Borrow/Spend/Save more than doubled YoY. Management expects growth accelerators to be ~5% of revenue in 2026 and >10% by 2028.
Marketing Efficiency and Strong LTV Payback
Marketing spend $82 million, up 20.7% YoY, but marketing as % of revenue improved to 18.2% (down ~67 bps); marketing spend per active customer $8.56 (up 0.7% YoY); LTV/CAC ratio >6x with payback <12 months.
Operating Leverage and Cost Discipline
Technology & development expense grew 14% YoY but improved 127 bps as % of revenue (12.7%); G&A grew only 2% YoY and improved 209 bps as % of revenue; customer support/operations improved 69 bps to 5.5% of revenue; stock-based compensation down 23% YoY to 6.1% of revenue.
Execution of AI Initiatives
Management reports AI-driven benefits across fraud prevention (lowered transaction loss provisions), product development speed, and customer support automation (97% of transactions completed without agent contact), contributing to lower transaction losses (provision $21M; 9.3 bps of Send volume).
Share Repurchase Activity
Opportunistic share repurchases of $44 million (2.8 million shares) in Q1, near fourfold increase in repurchase pace; outstanding shares fell to 210 million QoQ for the first time.
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
RELY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $23.73 | $22.79 | -3.96% |
Feb 18, 2026 | $13.61 | $17.14 | +25.94% |
Nov 05, 2025 | $16.44 | $12.31 | -25.12% |
Aug 06, 2025 | $16.47 | $18.95 | +15.06% |
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.
FAQ
When does Remitly Global, Inc. (RELY) report earnings?
Remitly Global, Inc. (RELY) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Remitly Global, Inc. (RELY) earnings time?
Remitly Global, Inc. (RELY) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is RELY EPS forecast?
RELY EPS forecast for the fiscal quarter 2026 (Q2) is 0.13.