Slide 1: Investor Presentation First Quarter 2026 Earnings
Investor Presentation First Quarter 2026 Earnings May 6, 2026
Slide 2: Disclosures: Forward-Looking Statements
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 Sebastian Gunningham CEO 3 May 2026 / © 2026 Remitly Inc.
Slide 4: Strong financial performance
1Q 2026 Revenue $453m up 25% YoY Strong financial 1Q 2026 Profitability performance $49m Net Income up 332% YoY $102m Adjusted EBITDA up 74% YoY 22% Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP measures. Please see reconciliation of non-GAAP measures to the most comparable GAAP measures i
Slide 5: Key insights from first 90 days
Focus on pace Importance of product of scale, speed innovation and trust Key insights from first 90 days Execution rigor AI and Stablecoin are tailwinds 5 May 2026 / © 2026 Remitly Inc.
Slide 6: Growth accelerators
Opportunities for driving customer value Growth accelerators $5k+ Senders Business Local Receivers Senders & Receivers Send CoreSenders Core Send Remittances Growth accelerators Borrow Send now, pay later Spend Card Save Wallet 6 May 2026 / © 2026 Remitly Inc. Expansion Opportunities
Slide 7: Key customer and product updates
Key customer and product updates Core Senders $5k+ Senders Business Local Receivers Senders & Receivers • ChatGPT • Send limit • Rapid product • Launched Receive integration, increases iteration & Request in WhatsApp 6 countries extension • Personalized • Expanded onboarding Business Receive • Enabl
Slide 8: AI Benefits
Trust AI Benefits Growth & Profitability Cost Speed 8 May 2026 / © 2026 Remitly Inc.
Slide 9: 1Q Financial Results
1Q Financial Results Vikas Mehta CFO 9 May 2026 / © 2026 Remitly Inc.
Slide 10: 1Q — Strong results across the board
Scale Revenue Profitability $22b $453m $49m 1Q — Strong 37% YoY growth in send volume 25% YoY growth in revenue 332% YoY growth in Net Income results 9.6m $102m across the 20% YoY growth in quarterly active customers 74% YoY growth in Adj. EBITDA board 22% Adj. EBITDA Margin Adjusted EBITDA and Adju
Slide 11: 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 41% 40% 35% 35% 37% YoY % Growth 34% 34% 25% 26% 25% drivers of revenue Quarterly Active Customers (in thousands) Revenue less Transaction Expense (in $ millions) growth YoY % YoY
Slide 12: Growth Accelerators continue to scale
• Now included as a Growth Accelerator High Value • 73% YoY volume growth Senders1 • 220 basis point increase in volume mix YoY Growth Accelerators • >20K active businesses in 1Q Remitly continue Business • 30% QoQ growth in send volume • RLTE2 contribution per customer >2x Core to scale • Launched
Slide 13: Delivering operating efficiencies across the board
Delivering operating efficiencies across the board 1Q 26 Year-over-Year Change Performance Drivers RLTE as a % of Revenue1 RLTE 156 bps • • Lower transaction expenses, reflecting improved network economics Lower transaction losses as a % of send volume Marketing 67 bps • • Focused approach to custom
Slide 14: Strong volume growth among High Value Senders
Strong volume growth among High Value Senders YoY Growth in Volume Customer Category Q1 2026 FY 2025 Core Senders 33% 34% High Value Senders Mix increased 220 basis points YoY High Value Senders 73% 68% Note: Core senders include customers sending less than $5,000. High value senders include custome
Slide 15: Operating leverage drove strong growth in Net FCF
Net Income Free Cash Flow1 Operating Operating Cash Flow3 $81 $54 $90 $100 $82 leverage drove strong growth in Net FCF 19% 11% 19% 20% 16% Income 3% 2% 2% 9% 11% EBITDA, and Margin Margin Net Income Adjusted EBITDA1 Outstanding Shares2 Note: $ and share count in millions. 1. Adjusted EBITDA, Adjuste
Slide 16: 2026 and 2Q 2026 Outlook
2026 2026 and $1.960b - $1.975b 2026 Revenue, 20% to 21% YoY growth 2Q 2026 Outlook $370m - $385m 2026 Adjusted EBITDA 2Q 2026 Note: Year over year growth in net income in 2Q and full year 2026. This guidance is only effective as of the date given, May 6, 2026, $483m - $485m and will not be updated
Slide 17: Q&A
Q&A 17 May 2026 / © 2026 Remitly Inc.
Slide 18: Thank you.
Thank you.
Slide 19: Appendix
Appendix 19 May 2026 / © 2026 Remitly Inc.
Slide 20: 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 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of net income to Adjusted EBITDA and calculation of Adjusted 1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025 EBITDA margin (in thousands, except for percentages) Net income $49,053 $41,216 $8,829 $6,536 $11,352 Add: Interest (income) expense, net 784 762 50 (411) (488)
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of cash flows from operations to free cash flow and calculation of 1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025 free cash flow margin (in thousands, except for percentages) Net cash provided by operating activities1 $81,892 $99,909 $89,701 $54,689 $80,783 Less: Purc
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of operating expenses to non-GAAP operating expenses 1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025 (in thousands) Customer support and operations $26,811 $27,193 $26,386 $25,074 $22,573 Excluding: Stock-based compensation expense, net 309 411 455 453 256 Excluding: P