Remitly Global, Inc.
Financial Performance
Remitly Revenue & Financials
Revenue
$1.6B (FY2025)
Market Cap
$4.5B
Net Income
$67.9M
Employees
3,600
What is Remitly's revenue?
Remitly had $1.6B in revenue for fiscal year 2025, up 29.4% from 2024. Net income was $67.9M.
- Latest revenue
- $1.6B (FY2025)
- Year-over-year
- +29.4%
- Growth rate (CAGR)
- 53.2% over 6 years
- Peak revenue
- $1.6B (FY2025)
- Years of data
- 7
- Employees
- 3,600
Financial Analysis
Revenue grew from $126.6 million in 2019 to $1.635 billion in 2025, and the company swung from a $117.8 million net loss in 2023 to $67.9 million of net income in 2025. FY2025 adjusted EBITDA was about $272 million and free cash flow about $283 million. In Q2 2026 revenue rose 20% to $495.2 million, send volume rose 27% to $23.5 billion, adjusted EBITDA reached a record $114.7 million, and net income of $205.9 million included a $140.6 million discrete tax benefit. Send volume growing faster than revenue points to a declining take rate as Remitly attracts larger, higher-value transfers. Remitly Global, Inc. is a major American digital financial services company specializing in international remittances, commanding a market valuation typically over $3 billion.
Revenue Trend Analysis
YoY Change
+29.4%
6-Year CAGR
+53.2%
Peak Year
2025
Trend
Consistent Growth
Remitly Global, Inc. has 7 full fiscal year figures on this page, compounding at +53.2% annually over 6 years. The most recent year saw a 29.4% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $1.6B. Of 6 comparable year-over-year steps, 6 showed growth and 0 showed a decline.
Annual revenue history
Click any row to see year details.
Remitly Global, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $325.1M | $29.4M | $1.5B | $589.9M | $868.8M | $295.7M | Form 10-K |
| FY2024ended Dec 31, 2024 | $111.6M | $6M | $1B | $347.4M | $665.5M | $105.6M | Form 10-K |
| FY2023ended Dec 31, 2023 | $66.8M | $2.9M | $1B | $507M | $529.3M | $63.9M | Form 10-K |
| FY2022ended Dec 31, 2022 | -$108.7M | $3.7M | $696M | $215.9M | $480.1M | -$112.3M | Form 10-K |
| FY2021ended Dec 31, 2021 | -$18.4M | $2M | $625.7M | $145.3M | $480.3M | -$20.3M | Form 10-K |
| FY2020ended Dec 31, 2020 | -$114.2M | $2.1M | $363M | $186.6M | -$211.3M | -$116.3M | Form 10-K |
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Remitly Revenue and Financial FAQ
What was Remitly's revenue in 2025?
Remitly reported FY2025 revenue of $1.635 billion, up 29%, with net income of $67.9 million, adjusted EBITDA of about $272 million and free cash flow of about $283 million.
What were Remitly's Q2 2026 results?
For the quarter ended June 30, 2026, revenue rose 20% to $495.2 million, send volume rose 27% to $23.5 billion, adjusted EBITDA rose 79% to $114.7 million, and net income was $205.9 million including a $140.6 million discrete tax benefit.
What were Remitly's Q1 2026 results?
Q1 2026 revenue was about $452.8 million, up 25%, with net income of about $49 million, and Remitly raised its full-year 2026 outlook.
How many active customers does Remitly have?
Remitly had 10.2 million quarterly active customers in Q2 2026, up 20% from 8.5 million a year earlier.
What is Remitly's market cap?
Remitly's market capitalization was about $4.5 billion in late September 2026, with shares around $21.
What is Remitly’s annual send volume and revenue scale?
Remitly processes over $45 billion to $50+ billion in annualized send volume, generating over $1.2 billion to $1.4+ billion in annual gross revenues.
What is Remitly’s net revenue take rate?
Remitly maintains a stable blended net take rate of approximately 2.2% to 2.4% on total send volume, reflecting a balance of competitive customer pricing and healthy transaction margins.
How many active customers use Remitly?
Remitly serves over 6.5 million to 7.0+ million quarterly active sending customers, growing at over 25% to 30% year-over-year.
What is Remitly’s profitability and adjusted EBITDA profile?
Remitly has achieved positive adjusted EBITDA, generating tens of millions in operating cash flow while steadily expanding EBITDA margins toward double-digit percentages as marketing scale efficiency takes hold.
How much cash and liquidity does Remitly maintain on its balance sheet?
Remitly holds approximately $250 million to $300+ million in cash, cash equivalents, and short-term investments with minimal long-term debt, providing ample regulatory capital reserves across licensed jurisdictions.
What are Remitly’s primary transaction expense drivers?
Transaction costs include payment processing fees paid to card networks (Visa/Mastercard), disbursement partner fees paid to foreign banks and cash-pickup networks, and fraud provision losses (kept below 0.15% of send volume).
How do currency market volatility and FX spreads affect Remitly?
Remitly utilizes automated real-time hedging algorithms that lock in foreign exchange spreads instantaneously, protecting the company from sudden swings in emerging market currencies.
What are Remitly’s long-term financial operating targets?
Remitly targets sustained 20%+ annual revenue growth, expanding adjusted EBITDA margins to 20%, and scaling customer lifetime value through bundled immigrant financial services.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Remitly Revenue & Financials." CorpDigest, https://corpdigest.com/company/remitly/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Remitly reported $1.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/remitly/financials" target="_blank" rel="noopener">CorpDigest — Remitly financials</a></div>Related Financial Audits
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