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Remitly Global (RELY)
NASDAQ:RELY
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.28Last Year’s EPS
0.21Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call presented a strong set of financial and operational results: double-digit revenue growth (29% in 2025), record adjusted EBITDA and GAAP profitability, substantial free cash flow improvement, pronounced efficiency gains from AI, and clear early traction for new products. Management provided constructive guidance for 2026 with continued profitability and buyback emphasis, while outlining a credible medium-term plan ($3B revenue, $600M adjusted EBITDA by 2028). Key risks highlighted include a planned but inevitable revenue growth deceleration in 2026 versus 2025, concentration toward higher-value senders, the early-stage contribution of new products, and potential volatility in transaction loss rates as exceptional Q4 performance normalizes. Overall, the positives — sizable margin expansion, GAAP profitability, cash generation, AI-driven improvements, and tangible product traction — outweigh the manageable execution and market risks discussed.Company Guidance
Record Full-Year Revenue and Growth
Full-year 2025 revenue of $1.635 billion, up 29% year-over-year, with quarterly momentum: Q4 revenue $442 million, up 26% year-over-year.
Record Adjusted EBITDA and Margin Expansion
Full-year adjusted EBITDA of $272 million (nearly 17% margin), up more than 500 basis points year-over-year; Q4 adjusted EBITDA $89 million with a record quarterly margin of 20%.
GAAP Profitability and Strong Free Cash Flow
Remitly delivered first full year of GAAP net income of $68 million and Q4 GAAP net income of $41 million; free cash flow was $283 million in 2025, more than tripling year-over-year.
Robust Volume and Customer Growth
Annual send volume approached $75 billion; Q4 send volume $21 billion, up 35% year-over-year. Quarterly active users were nearly 9.3 million, up 19% year-over-year.
Higher-Value Customers Driving Mix Shift
Send volume per active customer reached over $2,200 (13% YoY). High amount sender volume (+$1k–$10k) grew 14% YoY and very high amount sender volume (>$10k) grew 105% YoY; these tiers now comprise nearly 50% of spend volume.
Improved Unit Economics (RLTE)
Revenue Less Transaction Expenses (RLTE) dollars grew 30% to $305 million; RLTE as a percentage of revenue reached a record 69%, improving 252 basis points YoY.
AI-Enabled Fraud Reduction and Operational Efficiency
New AI-driven fraud model helped drive a record low provision for transaction losses of $15 million (7.3 basis points of spend volume) in Q4 and contributed roughly $10 million of incremental RLTE versus forecast; AI also improved developer productivity and operations.
New Product Traction
Send Now, Pay Later (Flex) surpassed ~120,000 users with revenue nearly doubling sequentially in Q4; Remitly Business reached over 15,000 business customers; Wallets created exceeded 60,000. New products contributed just over 1% of revenue in 2025 and are expected to more than double in 2026.
Marketing Efficiency and Strong LTV Economics
Q4 marketing spend $88 million (up 11.5% YoY) while marketing as a percentage of revenue improved to 19.9% (down ~250 bps YoY); marketing spend per active user fell to $9.49 (-6.5% YoY). Lifetime value to customer acquisition cost ratio ~6x and payback period under 12 months.
Platform Performance and Reliability
Operational metrics improved: over 65% of transactions dispersed in under 20 seconds (up 7 points since Q3), more than 97% of transactions completed without customer support contact, and 99.9% uptime.
Capital Return and Dilution Management
Outstanding shares grew only 5% YoY, dilution improved to 5% (140 bps improvement), stock-based compensation fell to 9.5% of revenue (down ~250 bps YoY), and $23.9 million in share repurchases were completed under a $200 million authorization.
Forward Guidance and Medium-Term Targets
Q1 2026 revenue guidance of $436–$438 million (~21% growth) and full-year 2026 revenue guidance of $1.94–$1.96 billion (19–20% growth). Company reiterated medium-term Investor Day targets of up to $3 billion revenue and $600 million adjusted EBITDA by 2028.
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 |
|---|---|---|---|
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% |
May 07, 2025 | $21.09 | $24.16 | +14.56% |
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 (RELY) report earnings?
Remitly Global (RELY) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Remitly Global (RELY) earnings time?
Remitly Global (RELY) earnings time is at May 06, 2026, After Close (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 2026 (Q1) is 0.28.