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Remitly Global (RELY) investor relations material
Remitly Global Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Q3 2025 revenue grew 25% year-over-year to $419.5 million, with send volume up 35% to $19.5 billion and active customers rising 21% to 8.9 million.
Net income for Q3 2025 was $8.8 million, a significant increase from $1.9 million a year ago, reflecting improved operational efficiency.
Adjusted EBITDA reached $61.2 million with a 15% margin, both exceeding guidance.
Expanded product offerings and market reach, including Remitly Business, Remitly One, stablecoin integration, and launches in the UK, Canada, Nigeria, and Argentina.
Raised full-year 2025 revenue and Adjusted EBITDA outlook, reflecting continued momentum and efficient execution.
Financial highlights
U.S. revenue grew 28% year-over-year; rest of world revenue up 20%, with Mexico corridor outperforming industry.
Flex product revenue nearly doubled sequentially, with over 100,000 active users and strong repayment rates.
RLTE (revenue less transaction expense) dollars grew 23.4% to $272.8 million, representing 65% of revenue.
Marketing spend was $87.5 million (20.8% of revenue), with LTV to CAC at 6x and payback under 12 months.
Stock-based compensation was $40 million (9.5% of revenue), down 214 basis points year-over-year.
Outlook and guidance
Full-year 2025 revenue expected at $1.619–$1.621 billion (28% growth); Adjusted EBITDA forecasted at $234–$236 million.
Q4 2025 revenue expected at $426–$428 million (21–22% growth); Q4 Adjusted EBITDA guidance: $50–$52 million.
2026 revenue growth expected in the high teens, with digital remittance tax and product innovation as tailwinds, but immigration headwinds as a risk.
Positive GAAP net income expected for both Q4 and full-year 2025.
Management expects continued growth driven by customer acquisition, product innovation, and geographic expansion.
What cost efficiencies drove Q3 net income growth?
Address GAAP net income forecast reconciliation.
Detail increased investment in internal software.
Flex product's long-term credit loss profile
Quantify 2026 remittance tax tailwind
Investment strategy for diverse growth opportunities
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Next Remitly Global earnings date
Investor Day 20259 Dec, 2025
Next Remitly Global earnings date
Investor Day 20259 Dec, 2025
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Frequently asked questions
Remitly Global Inc is a digital financial services provider specializing in cross-border remittance services. The company's platform enables individuals to send money internationally through mobile devices and online channels, with a focus on speed, convenience, and affordability. Remitly serves customers sending funds to family and friends across a wide range of countries. The company is headquartered in Seattle, Washington, and its shares are listed on the NASDAQ.
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