Remitly Soars 15% on Earnings Surge $230M Volume Ranks 499th in Market Activity

On August 7, 2025, Remitly Global (RELY) surged 15.06% with a trading volume of $230 million, ranking 499th in market activity. The stock’s performance followed a robust second-quarter earnings report, marking a pivotal moment for the digital remittance company.

The firm reported a 34% year-over-year revenue increase to $411.9 million, exceeding expectations. Send volume grew 40% to $18.5 billion, while active customers rose 24% to 8.5 million. Net income turned positive at $6.5 million, reversing a prior-year loss of $12.1 million. Adjusted EBITDA nearly doubled to $64 million, signaling improved profitability.

Strategic initiatives, including Remitly Business—a $22 trillion market expansion—and innovations like stablecoin integration and agentic AI, underscored the company’s growth trajectory. CEO Matt Oppenheimer highlighted “breakthrough innovation” positioning the firm to reshape global financial services. Full-year revenue guidance was raised to $1.61–1.62 billion, with Q3 projections of $411–413 million.

A $200 million share buyback program was announced to offset share-based compensation, adding to investor confidence. The stock’s YTD return of 16.04% outperformed the S&P 500’s 7.79%, reflecting strong momentum despite a 5-year underperformance against the index.

The strategy of purchasing the top 500 high-volume stocks and holding for one day generated a 166.71% return from 2022 to 2025, outperforming the benchmark by 137.53%. This highlights liquidity concentration’s role in short-term performance, particularly in volatile markets.