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Jun 30
Remit Global Q2 2025 Earnings Report
Remitly reported strong second quarter 2025 results, exceeding its own outlook and subsequently raising its full-year 2025 financial guidance.
Key Takeaways
Remitly Global, Inc. delivered exceptional financial performance in Q2 2025, with significant year-over-year growth in send volume, revenue, and Adjusted EBITDA. The company achieved GAAP profitability and raised its full-year 2025 revenue and Adjusted EBITDA outlook, demonstrating strong operational execution and strategic positioning in the global financial services market.
Revenue increased by 34% year-over-year to $411.9 million in Q2 2025.
Net income reached $6.5 million in Q2 2025, a significant improvement from a net loss of $12.1 million in the prior year.
Adjusted EBITDA grew by 144% year-over-year to $64.0 million, indicating strong profitability and operational efficiency.
The Board of Directors authorized a $200 million share repurchase program, signaling confidence in the company's financial health and commitment to returning capital to shareholders.
Remit Global
Remit Global
Forward Guidance
Remitly has raised its full-year 2025 financial outlook, expecting total revenue between $1.61 billion and $1.62 billion, and Adjusted EBITDA between $225 million and $230 million. For Q3 2025, the company anticipates revenue between $411 million and $413 million and Adjusted EBITDA between $53 million and $55 million.
Positive Outlook
- Increased full-year 2025 revenue outlook, reflecting strong business momentum.
- Raised full-year 2025 Adjusted EBITDA outlook, indicating improved profitability expectations.
- Expectation of positive GAAP net income for the full fiscal year 2025.
- Anticipation of continued revenue growth in the third quarter of 2025 (22% to 23% year-over-year).
- Projected modest GAAP net income for the third quarter of 2025.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- The company did not provide a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income due to the variability and complexity of certain adjusting items.
- Future GAAP financial results could be significantly impacted by unpredictable fluctuations in the market price of common stock, affecting stock-based compensation and related payroll taxes.
- The forward-looking statements are subject to various risks and uncertainties, including macroeconomic conditions and regulatory changes.
- The share repurchase program does not obligate Remitly to acquire any amount of common stock and may be suspended or modified at any time.