---
schema_version: "secwatch.filing_event.v1"
accession: "0001782170-23-000069"
form_type: "8-K"
ticker: "RELY"
cik: "0001782170"
company_name: "Remitly Global, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:26:18.525867+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Remitly Q1 revenue up 50% to $204M; active customers +50%; raises FY guidance

## Summary
- Q1 revenue $203.9M (+50% YoY); active customers 4.6M (+50%); send volume $8.5B (+40%).
- Net loss widened to $28.3M from $23.3M; adjusted EBITDA turned positive to $5.4M (vs -$12.1M).
- FY 2023 revenue guidance raised to $875-895M from $860-880M; EBITDA guidance to $5-15M from $0-10M.
- CEO cites long-term customer-centric investments and increasing scale as key drivers.

## SEC filing metadata
- accession: 0001782170-23-000069
- form_type: 8-K
- ticker: RELY
- cik: 0001782170
- company_name: Remitly Global, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782170/000178217023000069/0001782170-23-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782170/000178217023000069/rely-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001782170-23-000069
- JSON: https://secwatch.observer/filing/0001782170-23-000069.json
- Plain text: https://secwatch.observer/filing/0001782170-23-000069.txt

## Key facts
- Earnings Releases
  Remitly Global, Inc. reported first quarter ended March 31, 2023 results: revenue $203.9 million, net income Net loss was $28.3 million. Guidance raised.
  - Period: first quarter ended March 31, 2023
  - Revenue: $203.9 million
  - Net income: Net loss was $28.3 million
  - Guidance: raised
  - Result: reported results
  source text: quarter of 2022) • Active customers increased to 4.6 million, from 3.0 million, up 50%. • Send volume increased to $8.5 billion, from $6.1 billion, up 40%. • Revenue totaled $203.9 million, compared to $136.0 million, up 50%. • Net loss was $28.3 million, compared to a net loss of $23.3 million. • Adjusted EBITDA was $5.4 million, compared to $(12.1) million. 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782170/000178217023000069/0001782170-23-000069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.