Remitly Global 2025 Q2 Earnings Beats Expectations with 154.1% Net Income Increase

Remitly Global (RELY) reported 2025 Q2 earnings on August 6, 2025, delivering strong financial performance that exceeded expectations. The company posted a net income of $6.54 million, a dramatic turnaround from a $12.09 million loss in the prior year period, and raised full-year revenue and Adjusted EBITDA guidance.

Revenue
Total revenue surged 34.4% year-over-year to $411.85 million in Q2 2025, compared to $306.42 million in Q2 2024, driven by a 40% increase in send volume to $18.5 billion. Active customers also grew to 8.5 million, up 24% from 6.9 million the prior year.

Earnings/Net Income
Remitly returned to profitability with earnings of $0.03 per share, reversing a $0.06 per share loss in Q2 2024. The company achieved a 154.1% increase in net income, reporting $6.54 million compared to a $12.09 million loss a year ago. This marked a record high for Q2 net income in five years and a 144% increase in Adjusted EBITDA to $64.0 million.

Price Action
Despite the strong earnings report, the stock price of Remitly Global has declined recently, with a 0.18% drop on the latest trading day, a 3.06% decline over the past week, and an 11.07% decline month-to-date.

Post-Earnings Price Action Review
A strategy of buying Remitly Global shares after its revenue growth was reported and holding for 30 days has delivered strong returns over the past three years. This strategy yielded a 76.11% return, outperforming the benchmark return of 49.40% by 26.71%. The excess return underscores the effectiveness of leveraging earnings momentum. The strategy also showed a robust compound annual growth rate (CAGR) of 21.00% and a maximum drawdown of 0.00%, highlighting its favorable risk-adjusted returns.

CEO Commentary
CEO Matthew B. Oppenheimer described Q2 2025 as a transformative period, emphasizing the company’s “exceptional financial performance” and “breakthrough product innovation.” Key product launches included Remitly Business, which expanded the company’s total addressable market from $2 trillion to over $22 trillion by offering cross-border payment solutions for freelancers and small businesses. The CEO also previewed Remitly One, a membership program designed to deepen customer relationships through features like Remitly Wallet and Remitly Flex. Strategic priorities included leveraging stablecoins and Agentic AI for modernized financial services, with early success in customer lifetime value and optimism about the company’s growth trajectory.

Guidance
For Q3 2025, Remitly expects revenue between $411 million and $413 million, representing 22% to 23% year-over-year growth. For the full year 2025, the company forecasts revenue of $1.61 billion to $1.62 billion, a 27% to 28% increase, and adjusted EBITDA of $225 million to $230 million. The company also anticipates GAAP net income for the full year 2025 and has authorized a $200 million share repurchase program to manage dilution and return capital to shareholders.

Additional News
In a move to strengthen shareholder value, Remitly announced a $200 million share repurchase program. This initiative allows the company to repurchase shares based on market conditions, returning capital to shareholders and offsetting dilution from employee equity compensation. The program has no set expiration and can be suspended, discontinued, or modified at any time. Remitly may repurchase shares through open-market purchases, privately negotiated transactions, or Rule 10b5-1 trading plans, as permitted under applicable securities laws. Additionally, the company’s Q2 results were highlighted by a 40% increase in send volume and a 144% surge in Adjusted EBITDA to $64.0 million, reinforcing its momentum in the cross-border payment sector.