Remitly Global, Inc. · NASDAQ:RELY
Remitly Global — Q1 2025 Earnings Presentation
23 slides from Remitly Global's earnings presentation, May 7, 2025
Slide 1: Investor Presentation First Quarter 2025 Earnings
Investor Presentation First Quarter 2025 Earnings May 2025 / © 2025 Remitly Inc. May 7, 2025
Slide 2: Disclosures
Disclosures Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limit
Slide 3: 1Q Strategic Overview
1Q Strategic Overview Matt Oppenheimer Co-Founder & CEO 3 May 2025 / © 2025 Remitly Inc.
Slide 4: Strong start to 2025 — Rule of 50
1Q25 Revenue $362m Strong start up 34% Y/Y to 2025 — Rule of 50 1Q25 Profitability $11m GAAP Net Income *Adjusted EBITDA is a non-GAAP measure and excludes payroll taxes related to stock-based compensation expense, net. Please see reconciliation of non-GAAP measures to the most comparable GAAP measu
Slide 5: Delivering durable growth and profitability
Resilience Delivering durable growth Diversification and profitability Trust 5 May 2025 / © 2025 Remitly Inc.
Slide 6: Resilience
Resilience Strength in dynamic FX Management macro environment Strategic treasury function drives competitive advantage in managing foreign exchange ● Remittances tend to be non-discretionary and have performed well during periods of uncertainty ● 3% market share in $2T personal cross-border TAM ~$6
Slide 7: Diversification
Diversification New use cases Network expansion Microbusiness and WhatsApp experience drives better experience attract new customers with lower costs ● Disbursement - Plin, Orange Money, MACH, Vodafone Cash 45%+ 5,200+ ● Pay in - Interac in Canada, PayTo in Australia, and Pay by Bank via Plaid in th
Slide 8: Trust
Trust Deep compliance Experience continues expertise fuels to improve customer trust ● Record >93% of ● Robust compliance transactions disbursed infrastructure with in <1 hour1,2 sophisticated system 8m+ ● of controls Digital only send reduces risks and compliance costs ● Record >95% of transactions
Slide 9: Our Vision
Our Vision Transform lives with trusted financial services that transcend borders 9 May 2025 / © 2025 Remitly Inc.
Slide 10: 1Q Financial Results
1Q Financial Results Vikas Mehta CFO 10 May 2025 / © 2025 Remitly Inc.
Slide 11: 1Q — Strong execution
Scale Revenue Profitability $16.2b $361.6m $11.4m 41% growth in send volume 34% growth in revenue GAAP Net Income over 1Q 2024 over 1Q 2024 1Q — $58.4m Adjusted EBITDA* Strong 8.0m 29% growth in quarterly 16.2% execution active customers over 1Q 2024 Adjusted EBITDA Margin *Adjusted EBITDA is a non-
Slide 12: Four key focus areas to drive sustainable, long-term returns
Quarterly Active Customers Revenue (in thousands) Four key focus areas to drive sustainable, YoY % Growth 36% 36% 35% 32% 29% YoY % Growth 32% 31% 39% 33% 34% long-term returns Revenue less Transaction Expense Net Income Adjusted EBITDA1,2 (Loss) ($21) ($12) $2 ($6) $11 Note: $ in millions. 1. Adjus
Slide 13: Delivering operating efficiencies
Delivering operating efficiencies 1Q 25 Year-over-Year Change Performance Drivers ● Efficiencies in digital and brand marketing along with word of mouth Marketing 473 bps ● Continue to invest behind paid channels with increasing use of AI tools ● Product improvements driving lower contact rates CS 8
Slide 14: 2025 and 2Q 2025 Outlook
2025 2025 and $1.574b - $1.587b 2025 Revenue, 25% to 26% YoY growth 2Q 2025 $195m - $210m Outlook 2025 Adjusted EBITDA Note: We expect to remain in a GAAP net-loss position in 2Q 2025 and expect 2Q 2025 positive GAAP net income for the full year 2025. This guidance is only effective as of the date g
Slide 15: Q&A
Q&A 15 May 2025 / © 2025 Remitly Inc.
Slide 16: I've found Remitly to be perfect and quick.
I’ve found Remitly to be perfect “ and quick. Ajai Sends money from UK to India & UK to USA 16 May 2025 / © 2025 Remitly Inc.
Slide 17: Appendix
Appendix 17 May 2025 / © 2025 Remitly Inc.
Slide 18: Non-GAAP Financial Measures
Non-GAAP Financial Measures Some of the financial information and data contained in this presentation, such as Adjusted EBITDA and non-GAAP operating expenses, have not been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). We regularly re
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of operating expenses to non-GAAP operating expenses 1Q 2025 20241 4Q 20241 3Q 20241 2Q 20241 1Q 20241 (in thousands) Customer support and operations $22,573 $83,918 $22,008 $21,792 $19,999 $20,119 Excluding: Stock-based compensation expense, net 256 1,158 268
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of net income (loss) to Adjusted EBITDA and calculation of Adjusted EBITDA Margin (in thousands, except for 1Q 2025 20241 4Q 20241 3Q 20241 2Q 20241 1Q 20241 percentages) Net income (loss) $11,352 ($36,978) ($5,724) $1,917 ($12,091) ($21,080) Add: Interest inco
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of operating expenses to non-GAAP operating expenses 20231 4Q 20231 3Q 20231 2Q 20231 1Q 20231 (in thousands) Customer support and operations $82,521 $19,917 $21,190 $21,483 $19,931 Excluding: Stock-based compensation expense, net 1,404 394 386 419 205 Excludin
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of net loss to Adjusted EBITDA and calculation of Adjusted EBITDA 20231 4Q 20231 3Q 20231 2Q 20231 1Q 20231 Margin (in thousands, except for percentages) Net income (loss) ($117,840) ($35,021) ($35,655) ($18,850) ($28,314) Add: Interest income, net (5,095) (1,4
Slide 23: Thank you.
Thank you. Remitly