Remitly Global, Inc. specializes in providing digital financial services tailored for immigrants and their families. Primarily, it enables international money transfers, operating ...
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Est. EPS $0.15 · Revenue $507.53M · 2 analysts
Est. EPS $0.18 · Revenue $531.77M · 2 analysts
Est. EPS $1.39 · Revenue $1.99B · 4 analysts
Est. EPS $0.25 · Revenue $540.59M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.6B | +29.4% | +9.4% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $67.9M | +283.7% | +319.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +57.1% | -3.5% | +4.6% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +5.0% | +261.5% | -6.6% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +4.2% | +242.0% | +283.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $295.7M | +67.2% | +187.9% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +18.1% | +29.3% | +163.3% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 25.4% | +935.9% | -21.6% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 3.30x | +20.9% | +12.0% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $1.5B | +44.0% | +13.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.31 vs 0.71 | -56.3% | 0.93 vs 0.15 | +539.3% |
| Revenue Surprise | $1.6B vs $1.6B | +0.9% | $495.2M vs $507.5M | -2.4% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | Sharma Pankaj | officer: Chief Business Officer | Common Stock | D | 21,000 | $26.39 |
| Aug 25, 2026 | Gunningham Sebastian J | director, officer: Chief Executive Officer | Common Stock | D | 22,809 | $26.59 |
| Aug 25, 2026 | Sharma Pankaj | officer: Chief Business Officer | Common Stock | D | 15,788 | $26.59 |
| Aug 25, 2026 | Mehta Vikas D | officer: Chief Financial Officer | Common Stock | D | 19,269 | $26.59 |
| Aug 25, 2026 | Mehta Vikas D | officer: Chief Financial Officer | Common Stock | D | 25,000 | $26.15 |
Operator: Good day, and thank you for standing by. Welcome to the Remitly Second Quarter 26 Earnings Conference Call. At this time, all participants are in a listen-only mode. There will be a Q&A session. To ask a question during the session, will need to press *11 on your telephone. You will then hear an automated message advising that your hand is raised. To withdraw your question, please press *11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, David Beckel. Head of Investor Relations. Please go ahead. David Beckel: Good afternoon, and thank you for joining us for Remitly's second quarter 2026 earnings call. Joining me on the call today are Sebastian J. Gunningham, Chief Executive Officer of Remitly and Vikas Mehta, Chief Financial Officer. Results and additional management commentary are available in the earnings release and presentation slides, which can be found at ir.remitly.com. Please note that this call will be simultaneously webcast on the Investor Relations website. Before we start, I would like to remind you that we will be making forward-forward-looking statements within the meaning of the federal securities laws including, but not limited to, statements regarding Remitly's future financial results and management's expectations and plans. These statements are neither promises nor guarantees, and involve risks and uncertainties that may cause actual results to vary materially from those presented here. You should not place undue reliance on any forward-looking statement. Please refer to the earnings release and SEC filings for more information regarding the risk factors that may affect results. Any forward-forward-forward-looking statements made in this conference call, including responses to your questions, are based on current expectations as of today. And Remitly assumes no obligation to update or revise them whether as a result of new developments or otherwise except as required by law. The following presentation contains non GAAP financial measures. For a reconciliation of non GAAP financial measures to the most directly comparable GAAP metric, please see the earnings press release and the appendix to the earnings presentation which are available on the IR section of our website. Now I will turn the call over to Sebastian to begin. Sebastian J. Gunningham: Thank you for joining our second quarter earnings call. My first 6 months as CEO have been intense. And they have confirmed something I already knew. Remitly matters deeply to its customers. This quarter's results prove it. Record revenue, record adjusted EBITDA, both above the high end of guidance again. We also achieved an important milestone for the company. Over 10 million quarterly active users aided by record new customer additions. that is a direct reflection of the trust and confidence customers place in Remitly and our team's ability to execute. This quarter's strong results …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Vikas Mehta | Chief Financial Officer | USD 1,296,850 | Male | 1979 | Active |
Pankaj Sharma | Chief Business Officer | USD 297,475 | Male | 1986 | Active |
Matthew Oppenheimer | Co-Founder& Chairman of the Board | USD 296,100 | Male | 1984 | Active |
Joshua Hug | Co-Founder & Director | USD 124,490 | Male | 1980 | Active |
Cameron Cohen | Executive VP, General Counsel & Secretary | — | — | — | Active |
David Beckel | Head of Investor Relations & Strategic Finance | — | — | — | Active |
Tai-Hong Fung | Chief Accounting Officer | — | Male | 1974 | Active |
Sebastian J. Gunningham | CEO & Director | — | Male | 1963 | Active |
Ronit Peled | Chief People Officer | — | Female | — | Active |
Remitly Global NASDAQ: RELY reported second-quarter results above its guidance range, with revenue rising 20% year over year to $495 million and adjusted EBITDA reaching a record $115 million, or a 23% margin.
Remitly Global, Inc. (RELY) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.04 per share a year ago.
Quarterly Active Customers surpass 10 million Second quarter send volume up 27% and revenue up 20% year over year Second quarter net income of $205.9 million, inclusive of a $140.6 million discrete tax benefit Adjusted EBITDA of $114.7 million up 79% year over year
By offering direct deposits, fee-free local spending, and global ATM access, the company is aiming to deepen customer loyalty and eliminate the banking friction faced by many underbanked or immigrant workers when trying to open traditional accounts.
The Remitly Global Card combines one-of-a-kind features including our best remittance prices, faster and lower-fee sends, no-fee everyday spending, a bank account for everyone, the ability to hold and move money in fiat currency or USDC, instant transfers between Remitly Global Cardholders, no foreign transaction fees, direct deposit, global ATM access, and access to credit through the Remitly Global Card Membership plan, among other valuable new features for its global customers. SEATTLE, July 30, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) today introduced the Remitly Global Card, a card built for people whose lives extend across borders.
