Remitly Global (NASDAQ:RELY) Issues Earnings Results

Remitly Global (NASDAQ:RELY) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.17, FiscalAI reports. The business had revenue of $442.18 million for the quarter, compared to the consensus estimate of $427.27 million. Remitly Global had a return on equity of 9.18% and a net margin of 4.15%.The company’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) EPS.

Here are the key takeaways from Remitly Global’s conference call:

• Remitly reported a strong 2025, with $1.635B revenue (+29%), $272M Adjusted EBITDA (margin expansion >500 bps), Q4 revenue of $442M, full‑year GAAP net income of $68M, and free cash flow of $283M, all above guidance.
• Customer and volume momentum accelerated — quarterly active users exceeded 9M, annual send volume approached $75B, send volume per active user rose to >$2,200, and mix shifted toward high‑amount and very‑high‑amount senders, which now comprise about half of send volume.
• Early traction for new products is encouraging — Flex (send‑now‑pay‑later) reached ~120k users with strong unit economics, Remitly Business has >15k customers, wallets >60k, and management expects new products revenue to more than double in 2026 and reach 5–10% of revenue by 2028.
• Operational leverage and AI drove efficiency gains — an AI fraud model cut transaction losses to a record low (7.3 bps), RLTE grew to $305M, FX and treasury optimizations (including stablecoin use) improved unit economics, enabling margin expansion and a tripling of free cash flow.
• Leadership transition aims to accelerate execution — co‑founder Matt Oppenheimer moves to chairman and remains the largest shareholder while Sebastian Gunningham, with deep product, payments, and AI/data experience, becomes CEO to prioritize product velocity and scaled growth.

Remitly Global Trading Up 25.9%

Shares of RELY opened at $17.14 on Friday. The firm has a market cap of $3.58 billion, a P/E ratio of 55.29 and a beta of 0.11. Remitly Global has a 12 month low of $12.08 and a 12 month high of $27.27. The stock’s 50 day moving average is $13.77 and its two-hundred day moving average is $15.35.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RELY shares. Oppenheimer set a $20.00 target price on Remitly Global in a research report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of Remitly Global from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Remitly Global in a report on Monday, December 29th. Monness Crespi & Hardt lowered their price target on shares of Remitly Global from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, Zacks Research raised Remitly Global from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.44.

Insider Transactions at Remitly Global

In other Remitly Global news, insider Pankaj Sharma sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $15.00, for a total transaction of $45,000.00. Following the completion of the transaction, the insider directly owned 220,830 shares in the company, valued at approximately $3,312,450. This represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ryno Blignaut sold 4,500 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $13.25, for a total transaction of $59,625.00. Following the transaction, the director directly owned 41,576 shares in the company, valued at approximately $550,882. The trade was a 9.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 54,776 shares of company stock valued at $733,574 in the last three months. 7.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RELY. Quarry LP acquired a new stake in Remitly Global in the 3rd quarter worth about $42,000. Aster Capital Management DIFC Ltd lifted its position in shares of Remitly Global by 1,597.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,669 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 4,394 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Remitly Global in the second quarter worth approximately $89,000. Parallel Advisors LLC purchased a new stake in shares of Remitly Global during the fourth quarter worth approximately $96,000. Finally, Advisors Asset Management Inc. raised its stake in Remitly Global by 29.6% in the 4th quarter. Advisors Asset Management Inc. now owns 7,698 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 1,758 shares during the last quarter. Institutional investors and hedge funds own 74.25% of the company’s stock.

About Remitly Global

Remitly Global, Inc operates as a digital financial services company specializing in cross-border money transfers. Through its proprietary online platform and mobile applications, the company enables immigrants, expatriates and international workers to send remittances swiftly and securely to their families abroad. By focusing on fast deliverability and transparent pricing, Remitly seeks to streamline a process traditionally dominated by cash-based methods and legacy money transfer operators.

Founded in 2011 by Matt Oppenheimer and headquartered in Seattle, Washington, Remitly has grown from a startup into a publicly traded corporation listed on NASDAQ under the ticker RELY.