Business
Remitly Unveils Medium-term Outlook, Setting Course for Durable, Profitable Growth at Investor Day
NEW YORK, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend
About this update from Remitly Global, Inc.
[{"type":"text","content":"NEW YORK, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, will host its Investor Day today at the Nasdaq Market Site in New York City beginning at 10:00 a.m. ET. During the event, Remitly will share the Company’s vision for building a global financial services company. By introducing value-added financial services and entering high-growth categories like Business and Receivers, Remitly aims to deepen engagement with existing and new customers. “Our vision is clear: to transform lives with trusted financial services that transcend borders,” said Matt Oppenheimer, Co-Founder and CEO of Remitly. “With a portfolio of new offerings, including Remitly One and Remitly Business, we are building a financial services company that combines bold innovation with disciplined execution. By solving the hardest problems for the millions of underserved customers who lead global financial lives, we are positioned to deliver meaningful customer impact and outstanding long-term shareholder returns.” Financial OutlookRemitly is providing a preliminary outlook for the full year 2026 and medium-term financial targets for 2028. Preliminary 2026 Outlook Revenue: expected to grow in the high teens rangeAdjusted EBITDA: expected to be between $300 million and $320 million Revenue growth is expected to be driven primarily by continued strength in the core remittance business. Adjusted EBITDA growth of more than 30 percent at the midpoint reflects strong operating leverage while investing in new products. Medium-Term 2028 Financial Targets Revenue: expected to be in a range of $2.6 billion to $3.0 billion.Adjusted EBITDA: expected to be between $575 million and $600 million, reflecting a 20%-22% Adjusted EBITDA margin. Remitly will balance revenue growth and profitability to achieve a Rule of 40 framework, through which the company aims to have the sum of its 3-year revenue compounded annual growth rate (CAGR) and Adjusted EBITDA margins be at least 40% by 2028. “Remitly’s financial model is built on a foundation of durable growth and compelling unit economics,” said Vikas Mehta, CFO of Remitly. “Our new product portfolio creates meaningful opportunities for future growth, and we are committed to expanding margins through rigorous operating discipline ...