Business
Remitly Reports Third Quarter 2025 Results Above Outlook and Raises Full Year 2025 Outlook
Third quarter send volume up 35% and revenue up 25% year over yearThird quarter net income was $8.8 million and Adjusted EBITDA was $61.2 million SEATTLE,
About this update from Remitly Global, Inc.
[{"type":"text","content":"Third quarter send volume up 35% and revenue up 25% year over yearThird quarter net income was $8.8 million and Adjusted EBITDA was $61.2 million SEATTLE, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY), a trusted provider of digital financial services that transcend borders, reported results for the third quarter ended September 30, 2025. “In Q3, we built on the momentum from last quarter, delivering innovation across the product portfolio,” said Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly. “The financial results reflect our focus on sustainable, profitable growth and efficient execution even as we continue to invest in innovation. We expect to close 2025 strong and are raising our full year revenue and Adjusted EBITDA outlook.” Third Quarter 2025 Highlights and Key Operating Data(All comparisons relative to the third quarter of 2024) Active customers increased to 8.9 million, from 7.3 million, up 21%.Send volume increased to $19.5 billion, from $14.5 billion, up 35%.Revenue totaled $419.5 million, compared to $336.5 million, up 25%.Net income was $8.8 million, compared to $1.9 million, up 361%.Adjusted EBITDA was $61.2 million, compared to $47.4 million, up 29%. 2025 Financial OutlookFor fiscal year 2025, Remitly currently expects: Total revenue in the range of $1.619 billion to $1.621 billion, representing a growth rate of 28% year over year. This outlook reflects an increase from our prior revenue outlook in the range of $1.610 billion to $1.620 billion.GAAP net income to be positive for 2025 and for Adjusted EBITDA to be in the range of $234 million to $236 million. This outlook reflects an increase from our prior Adjusted EBITDA outlook in the range of $225 million to $230 million. For the fourth quarter of 2025, Remitly currently expects: Total revenue in the range of $426 million to $428 million, representing a growth rate of 21% to 22% year over year.GAAP net income to be positive for the fourth quarter of 2025 and for Adjusted EBITDA to be in the range of $50 million to $52 million. Reconciliation of GAAP to Non-GAAP Financial MeasuresA reconciliation of accounting principles generally accepted in the United States of America (“GAAP”) to non-GAAP financial measures has been provided in the financial statement tables included in this earnings release. An explanation of these m...