Remitly Global's (RELY) Earnings Estimates Rise, Can the Stock Keep Climbing?

Remitly Global's (RELY) earnings estimates have been revised upward, with a 33.33% increase for the current quarter and full year. This has led to a Zacks Rank #1 (Strong Buy) and a 9.5% stock price gain over the past four weeks. Analysts are optimistic about the company's earnings prospects, suggesting further growth.

Remitly Global (RELY) has seen its earnings estimates revised upward by 33.33% for the current quarter and the full year, according to recent analyst reports. This upward revision has resulted in a Zacks Rank #1 (Strong Buy) rating and a 9.5% stock price gain over the past four weeks. The positive outlook from analysts reflects optimism about the company's earnings prospects and future growth.

Remitly Global reported its Q2 2025 earnings on August 6, 2025, with a net income of $6.54 million, reversing a $12.09 million loss from the previous year. Revenue surged 34.4% to $411.85 million, driven by a 40% increase in send volume to $18.5 billion and a 24% growth in active customers to 8.5 million [1].

The company's strong performance has been attributed to innovative products such as Remitly Business, which expanded its total addressable market from $2 trillion to over $22 trillion, and Remitly One, a membership program set to launch in September 2025. Additionally, Remitly's integration of stablecoins and Agentic AI has improved operational efficiency and customer satisfaction [2].

The upward revision in earnings estimates comes as Remitly expects revenue between $411 million and $413 million for Q3 2025, representing 22% to 23% year-over-year growth, and full-year revenue of $1.61 billion to $1.62 billion, a 27% to 28% increase from 2024. Adjusted EBITDA for the full year is forecasted to be between $225 million and $230 million [2].

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. However, a post-earnings buy strategy has delivered strong returns over the past three years, with a 76.11% return outperforming the benchmark return of 49.40% by 26.71% [1].

Analysts remain optimistic about Remitly's growth prospects, suggesting further gains in the company's stock price and earnings. The upward revision in earnings estimates and the strong financial performance reported in Q2 2025 indicate that Remitly is well-positioned to continue its growth trajectory.

References:
[1] https://www.ainvest.com/news/remitly-global-2025-q2-earnings-beats-expectations-154-1-net-income-increase-2508/
[2] https://www.investing.com/news/company-news/remitly-q2-2025-presentation-gaap-profitability-achieved-amid-34-revenue-growth-93CH-4174555