earnings
confidence high
sentiment positive
materiality 0.80
Remitly Q1 2026 revenue $452.8M (+25% YoY), net income $49.1M; raises FY2026 outlook
Remitly Global, Inc.
2026-Q1 EPS reported
$0.23
revenue$452,802,000
- Record Q1: revenue $452.8M (+25% YoY); net income $49.1M (+332%); adjusted EBITDA $101.6M (+74%).
- Active customers 9.6M (+20% YoY); send volume $22.1B (+37% YoY).
- Raises FY2026 revenue guidance to $1.96-$1.975B (20-21% growth) and adjusted EBITDA to $370-$385M.
- Q2 2026 revenue guided $483-$485M; adjusted EBITDA $86-$88M.
- Company cites outperformance across key corridors, product innovation, and AI-driven efficiencies.