RELY
Remitly Global, Inc.14.09
-0.41-2.83%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.95BP/E (TTM)
156.56Basic EPS (TTM)
0.09Dividend Yield
0%Recent Filings
8-K
10-Q
10-Q
Q2 FY2025 results
Remitly's Q2 revenue surged 34% year-over-year to $411.9M, fueled by 40% send volume growth to $18.5B and 24% more active customers at 8.5M, while quarterly operating income flipped to a $14.6M profit from a $15.8M loss. Gross margins held steady at 65%, but net income of $6.5M trailed operating gains due to $6.9M in foreign exchange losses. Year-to-date, revenue climbed 34% to $773.5M with $17.9M net income, and diluted EPS of $0.08 reconciles cleanly to 218.7M shares. Cash swelled to $515.9M, bolstered by $174.1M operating cash flow and a fresh $550M revolver (unused at quarter-end, net leverage covenant 4.50:1.00). The new 2025 facility matures June 2030 at Term SOFR plus 1.50%. Free cash flow hit $141.5M (derived). Yet regulatory shifts like the OBBBA remittance tax could crimp volumes.
8-K
Remitly Q2 beats, raises outlook
Remitly crushed Q2 2025 expectations, posting $411.9 million in revenue—up 34% year-over-year—fueled by 40% send volume growth to $18.5 billion and active users hitting 8.5 million. Net income swung to $6.5 million from a prior loss, while Adjusted EBITDA soared 144% to $64 million, signaling robust profitability. The board greenlit a $200 million share buyback to counter dilution. Yet macroeconomic headwinds loom large.
8-K
Remitly upsizes credit facility
Remitly Global secured a $550 million revolving credit facility on June 24, 2025, replacing its prior $325 million agreement with no outstanding borrowings at termination. The new secured line, backed by subsidiary guarantees and first-priority liens on substantially all assets, carries interest at Term SOFR plus 1.50% or the alternate base rate plus 0.50%, with proceeds earmarked for prefunding customer remittance flows and general corporate needs. A net leverage covenant caps ratios at 4.50:1.00 quarterly. This upsized liquidity bolsters operational flexibility amid remittance demands.
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