Remitly Global, Inc. Reports Robust Q3 Earnings

Remitly Global, Inc. ((RELY)) has held its Q3 earnings call. Read on for the main highlights of the call.

Remitly Global, Inc. recently held its earnings call, revealing a positive sentiment driven by strong revenue growth and profitability. The company showcased significant expansion in business operations and the introduction of new products. However, there were concerns about external factors, such as immigration policies, which might impact future growth.

Strong Revenue Growth

Remitly reported impressive revenue for Q3 2025, reaching $419.5 million, marking a 25% increase year-over-year. The company also achieved an adjusted EBITDA margin of 15%, underscoring its financial strength and operational efficiency.

Expansion of Remitly Business

The company expanded its business operations into the U.K. and Canada, which led to nearly doubling the business send volume sequentially. This strategic move highlights Remitly’s commitment to broadening its market presence and enhancing its service offerings.

High Amount Sender Growth

Remitly experienced substantial growth in transactions over $1,000, resulting in over 40% year-over-year send volume growth. The mix from these high-value customers increased by more than 200 basis points, indicating a shift towards larger transaction sizes.

Introduction of Remitly One

The launch of Remitly One, featuring Flex and stablecoin, gained significant traction, with over 100,000 active Flex users by the end of Q3 2025. This innovation reflects Remitly’s focus on diversifying its product offerings and enhancing customer engagement.

Positive GAAP Net Income

Q3 2025 marked another quarter of GAAP profitability for Remitly, with a net income of $8.8 million. This achievement underscores the company’s ability to maintain profitability while pursuing growth and expansion.

Immigration Headwinds

The company acknowledged potential challenges from recent restrictive immigration policies in key send countries like the U.S. and Canada. These policies could potentially hinder new customer acquisition, posing a risk to future growth.

Take Rate Compression

Remitly’s take rate was affected by changes in customer mix and pricing investments, although RLTE dollars grew by 23.4%. This indicates a strategic focus on balancing customer acquisition costs with revenue growth.

Forward-Looking Guidance

Looking ahead, Remitly provided optimistic guidance for the future. For the fourth quarter, the company projected revenue between $426 million and $428 million, reflecting a growth rate of 21% to 22%. For the full year 2025, revenue is expected to be between $1.619 billion and $1.621 billion, with an adjusted EBITDA margin of 15%. The company anticipates high-teens revenue growth in 2026, driven by new product innovations and expansion into new customer categories, despite potential macroeconomic headwinds.

In summary, Remitly’s earnings call highlighted robust revenue growth and strategic expansion efforts, coupled with innovative product introductions. While the sentiment was largely positive, concerns about immigration policies and their impact on growth were noted. The company’s forward-looking guidance remains optimistic, with expectations of continued growth and profitability.