Slide 1: Investor Presentation: Fourth Quarter and Full Year 2025 Earnings
Investor Presentation Fourth Quarter and Full Year 2025 Earnings February 18, 2026
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: 4Q Strategic Overview
4Q Strategic Overview Matt Oppenheimer Co-Founder & CEO 3 Feb 2026 / © 2026 Remitly Inc.
Slide 4: Pivotal Year
Strength in core money movement • Continued share gains in key corridors • Expanded focus on high amount send category, with 40%+ volume growth for customers sending $1K+ 2025 Pivotal New product launches • Send Now, Pay Later users: ~120K Year • Business payments expands TAM by 10x1 Efficiency, ope
Slide 5: Strong financial performance
2025 Revenue $1,635m up 29% Y/Y Strong financial 2025 Profitability performance $68m GAAP Net Income $272m Adjusted EBITDA* up 93% Y/Y 17% *Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures. Please see reconciliation of non-GAAP measures to the most comparable GAAP measures in the App
Slide 6: 2026 Focus on key strategic priorities
2026 → Focus on key strategic priorities Customers Low Amount Senders High Amount Senders Businesses Receivers Global Money Movement Products Liquidity & Credit Wallet & Card Membership & Loyalty Platform Remitly Platform → Strengthened by Stablecoins & AI 6 Feb 2026 / © 2026 Remitly Inc.
Slide 7: Significant value creation
9.3m $1b+ Revenue less Significant Quarterly Active Customers Transaction Expenses1 value 5X since 2020 7X since 2020 creation → 2020 to 2025 1. Revenue and Transaction expenses, the components of Revenue Less Transaction Expenses $75b (RLTE), are reported in our Consolidated Send Volume Statements
Slide 8: Medium-term outlook: Driving profitable growth
Medium-term outlook → Driving profitable growth 2028 Outlook Scenarios 5-10% of total revenue Revenue CAGR $2.6b - $3.0b new products Adjusted EBITDA Margin 20% 22% Incremental Adjusted EBITDA margins of ~30% Adjusted EBITDA $575m - $600m Rev CAGR + Adj EBITDA Margin 40%+ Balanced approach to profit
Slide 9: Product-first operator
Product-first operator Decades of global leadership and product innovation experience Extensive experience in financial services and payments Sebastian Gunningham Incoming CEO 9 Feb 2026 / © 2026 Remitly Inc.
Slide 10: 4Q Financial Results
4Q Financial Results Vikas Mehta CFO 10 Feb 2026 / © 2026 Remitly Inc.
Slide 11: 4Q Strong execution
Scale Revenue Profitability $21b $442m $41m 4Q — 35% Y/Y growth in send volume 26% Y/Y growth in revenue GAAP Net Income Strong 9.3m $89m 19% Y/Y growth in 98% Y/Y growth in Adjusted EBITDA* execution quarterly active customers 20% Adjusted EBITDA Margin* *Adjusted EBITDA and Adjusted EBITDA margin
Slide 12: Delivering profitable growth
Scale Revenue Profitability 2025 — $75b $1,635m $68m 37% Y/Y growth in send volume 29% Y/Y growth in revenue GAAP Net Income Delivering 9.3m $272m profitable 19% Y/Y growth in 93% Y/Y growth in Adjusted EBITDA* quarterly active customers growth 17% Adjusted EBITDA Margin* *Adjusted EBITDA and Adjust
Slide 13: Continued momentum across key drivers of revenue growth
Send Volume (in billions) Send Volume Revenue (in $ billions) (in $ millions) Continued momentum across key YoY % Growth 39% 41% 40% 35% 35% YoY % Growth 33% 34% 34% 25% 26% drivers of revenue Quarterly Active Customers (in thousands) Revenue less Transaction Expense (in $ millions) growth YoY % YoY
Slide 14: Strong volume growth among High Amount Senders
Strong volume growth among High Amount Senders YoY Growth in Volume Customer Category Q4 2025 FY 2025 • Growth in volumes from high amount Low Amount Senders 25% 29% senders accelerated in Q4, with mix growing over 350 basis points y/y • High amount senders and very High Amount Senders 40% 41% high
Slide 15: New products revenue
• 10x TAM1 of core global money movement Remitly New Business • >15K businesses on platform products • Average transaction size ~2x consumer revenue contribution • ~120K Flex users in Q4 expected Send Now, • Unit economics in line with expectations Pay Later to more than • Revenue nearly doubled seq
Slide 16: Delivering operating efficiencies across the board
Delivering operating efficiencies across the board 4Q 25 Year-over-Year Change Performance Drivers 252 • Lower transaction expenses, reflecting improved network economics RLTE as a % of Revenue1 RLTE bps • Record low transaction losses as a % of send volume • Focused approach to customer acquisition
Slide 17: Operating leverage drove strong growth in EBITDA, Net Income, and FCF
Net Income Free Cash Flow1 Operating Operating Cash Flow ($1) $5 (Annual) $67 $112 $325 leverage drove strong growth in EBITDA, Net Income Margin (2%) 3% 2% 2% 9% FCF Margin (1%) (0%) 6% 7% 17% Net Income, and FCF Adjusted EBITDA1 Outstanding Shares2 (Annual) Note: $ and share count in millions. 1.
Slide 18: Proactively managing dilution
Stock Based Dilution1 Net Burn Rate2 Compensation as a % of Revenue Proactively managing dilution 1. Dilution is defined as increase in common stock outstanding at the end of each period. 2. Net burn rate is defined as RSU grants less forfeitures and cancellations, divided by common stock outstandin
Slide 19: 2026 and 1Q 2026 Outlook
2026 2026 and $1.94b - $1.96b 2026 Revenue, 19% to 20% YoY growth 1Q 2026 Outlook $340m - $360m 2026 Adjusted EBITDA Note: We expect to deliver positive GAAP net 1Q 2026 income in 1Q 2026. We also expect positive GAAP net income for the full year 2026. This guidance is only effective as of the date
Slide 20: Customer testimonial: High Amount Sender
The exchange rates are good, which matters because I’m sending “ a lot. And the money arrives quicker than expected.” Sanjana High Amount Sender customer Sends money from the US to India, US to Canada 20 Feb 2026 / © 2026 Remitly Inc.
Slide 21: Q&A
Q&A 21 Feb 2026 / © 2026 Remitly Inc.
Slide 22: Thank you.
Thank you.
Slide 23: Appendix
Appendix 23 Feb 2026 / © 2026 Remitly Inc.
Slide 24: Non-GAAP Financial Measures
Non-GAAP Financial Measures Some of the financial information and data contained in this presentation, such as Adjusted EBITDA, non-GAAP operating expenses, and free cash flow, have not been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP")
Slide 25: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of net income (loss) to Adjusted EBITDA and calculation FY 2025 FY 20241 FY 20231 FY 20221 FY 20211 of Adjusted EBITDA margin (in thousands, except for percentages) Net income (loss) $67,933 ($36,978) ($117,840) ($114,019) ($38,756) Add: Interest (income) expen
Slide 26: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of net income (loss) to Adjusted EBITDA and calculation 4Q 2025 3Q 2025 2Q 2025 1Q 2025 4Q 20241 of Adjusted EBITDA margin (in thousands, except for percentages) Net income (loss) $41,216 $8,829 $6,536 $11,352 ($5,724) Add: Interest (income) expense, net 762 50
Slide 27: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of operating cash flows to free cash flow and calculation FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 of free cash flow margin (in thousands, except for percentages) Net cash provided by (used in) operating activities1 $325,082 $111,596 $66,806 $4,607 ($1,184) Less
Slide 28: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of operating expenses to non-GAAP operating expenses 4Q 2025 3Q 2025 2Q 2025 1Q 2025 4Q 20241 (in thousands) Customer support and operations $27,193 $26,386 $25,074 $22,573 $22,008 Excluding: Stock-based compensation expense, net 411 455 453 256 268 Excluding: