Remitly Global, Inc. Revenue in 2025

Remitly Global, Inc. reported $1.4B in revenue for fiscal year 2025. This represents a growth of 19.2% compared to the 2024 figure of $1.1B.

Revenue of $1.133 billion in fiscal year 2024 represents a 28 percent year-over-year increase from $882 million in 2023 — growth that is explicitly attributed in the company's own analysis to the dual-tier pricing architecture's ability to capture different price sensitivities across the customer base. The $60 billion in annual transfer volume processed through that revenue base implies an effective take rate of roughly 1.9 percent, which is dramatically lower than the 7 to 15 percent historical rates of traditional remittance operators but still economically viable at scale. The 49 percent gross margin is the single most important financial metric for understanding whether Remitly's model is structurally sound. Traditional correspondent banking operations carry gross margins under 30 percent because of the fees paid to intermediaries at each step of the transfer chain. Remitly's direct integration with Mexico's SPEI and India's UPI eliminates most of those intermediary costs, and the machine learning pricing engine further optimizes the foreign exchange spread on each transaction. The net loss of $13 million in 2024 — on $1.133 billion in revenue — puts the company in the category of businesses that are profitable at the contribution margin level but reinvesting the surplus in growth. Revenue guidance for 2025 at $1.35 billion implies management believes the trajectory continues. The question for investors is whether customer acquisition costs remain manageable as the company expands into corridors where it has less brand recognition and less operational infrastructure than in the founding US-Philippines and US-Mexico routes. Regulatory scrutiny in the Indian corridor in 2023 demonstrated that cross-border payments businesses face compliance complexity that scales with the number of jurisdictions served, adding both cost and operational risk that pure software companies do not carry.