Remitly Global (NASDAQ:RELY) Issues Quarterly Earnings Results

Remitly Global (NASDAQ:RELY) issued its earnings results on Wednesday. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.17, FiscalAI reports. The business had revenue of $442.18 million during the quarter, compared to the consensus estimate of $427.27 million. Remitly Global had a return on equity of 3.12% and a net margin of 1.36%.The company’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same period last year, the company 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 Stock Performance

Shares of RELY traded up $3.37 during midday trading on Thursday, hitting $16.98. 3,767,817 shares of the stock were exchanged, compared to its average volume of 3,186,323. Remitly Global has a 52-week low of $12.08 and a 52-week high of $27.27. The stock has a fifty day simple moving average of $13.72 and a 200 day simple moving average of $15.34. The firm has a market cap of $3.55 billion, a P/E ratio of 187.40 and a beta of 0.11.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RELY shares. Bank of America started coverage on shares of Remitly Global in a research report on Tuesday, February 10th. They set a “buy” rating and a $18.00 price objective for the company. Cantor Fitzgerald raised shares of Remitly Global to a “strong-buy” rating in a research report on Tuesday, January 27th. Monness Crespi & Hardt decreased their price objective on Remitly Global from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. cut their target price on Remitly Global from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Finally, Citigroup restated an “outperform” rating on shares of Remitly Global in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.60.

Insider Buying and Selling

In related news, insider Pankaj Sharma sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was 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 $3,312,450. This trade represents a 1.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joshua Hug sold 40,776 shares of Remitly Global stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $13.33, for a total value of $543,544.08. Following the completion of the transaction, the director directly owned 3,654,764 shares of the company’s stock, valued at approximately $48,718,004.12. This represents a 1.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 54,776 shares of company stock valued at $733,574. Corporate insiders own 7.50% of the company’s stock.

Institutional Investors Weigh In On Remitly Global

Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Remitly Global by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 88,845 shares of the financial services provider’s stock valued at $1,848,000 after buying an additional 3,870 shares during the period. Millennium Management LLC boosted its holdings in Remitly Global by 57.1% in the first quarter. Millennium Management LLC now owns 343,352 shares of the financial services provider’s stock valued at $7,142,000 after purchasing an additional 124,798 shares during the period. Caxton Associates LLP acquired a new position in Remitly Global during the 1st quarter worth $218,000. Focus Partners Wealth acquired a new position in Remitly Global during the 1st quarter worth $1,458,000. Finally, Cetera Investment Advisers increased its holdings in Remitly Global by 12.0% during the 2nd quarter. Cetera Investment Advisers now owns 12,025 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 1,286 shares during the period. 74.25% of the stock is owned by hedge funds and other institutional investors.

Remitly Global News Roundup

Here are the key news stories impacting Remitly Global this week:

• Positive Sentiment: Q4 results beat expectations — REMLY reported $0.19 EPS (vs. $0.02 consensus) and revenue of $442.2M (vs. $427.3M consensus), with revenue up ~25.7% year-over-year, signaling accelerating top-line recovery. Read More.
• Positive Sentiment: Company issued FY2026 and Q1 revenue guidance above street expectations (FY revenue ~$1.9B–$2.0B; Q1 revenue ~$436M–$438M), supporting outlook for continued growth. Read More.
• Positive Sentiment: Analyst upgrade / price-target lift — Citizens JMP raised its price target to $22 and a “market outperform” rating, reinforcing buy-side enthusiasm. Read More.
• Positive Sentiment: Leadership change viewed favorably — Remitly named Sebastian J. Gunningham as CEO, a governance move investors often watch closely during strategy execution and turnaround. Read More.
• Neutral Sentiment: Earnings call transcript and analyst preview provide additional color on margin trends, customer metrics and product cadence — useful for investors wanting the management commentary behind the beats and guidance. Read More.
• Negative Sentiment: Insider selling — Director Ryno Blignaut sold 4,500 shares recently, a small disclosure that some investors view as a near-term negative signal (amount is modest relative to holdings). Read More.
• Negative Sentiment: Mixed analyst sentiment remains — while several firms are bullish, others have trimmed targets or maintain cautious ratings, so some uncertainty in consensus upside remains. Read More.

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.