---
schema_version: "secwatch.filing_event.v1"
accession: "0001782170-23-000142"
form_type: "8-K"
ticker: "RELY"
cik: "0001782170"
company_name: "Remitly Global, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T14:21:26.084388+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Remitly Q2 revenue $234M, up 49% YoY; adjusted EBITDA turns positive at $20.4M

## Summary
- Active customers grew to 5.0M, up 47% YoY; send volume $9.6B, up 38%.
- Revenue $234.0M (+49%); net loss narrowed to $18.9M from $38.2M.
- Adjusted EBITDA was $20.4M, improving from -$5.3M in Q2 2022.
- 2023 revenue guidance raised to $915M-$925M; adjusted EBITDA guidance raised to $33M-$40M.

## SEC filing metadata
- accession: 0001782170-23-000142
- form_type: 8-K
- ticker: RELY
- cik: 0001782170
- company_name: Remitly Global, Inc.
- filed_at: 2023-08-02T23:59:59+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/1782170/000178217023000142/0001782170-23-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782170/000178217023000142/rely-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001782170-23-000142
- JSON: https://secwatch.observer/filing/0001782170-23-000142.json
- Plain text: https://secwatch.observer/filing/0001782170-23-000142.txt

## Key facts
- Earnings Releases
  Remitly Global, Inc. reported the second quarter ended June 30, 2023 results: revenue $234.0 million, net income $18.9 million.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $234.0 million
  - Net income: $18.9 million
  - Result: reported results
  source text: Revenue totaled $234.0 million, compared to $157.3 million, up 49%. • Net loss was $18.9 million, compared to a net loss of $38.2 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782170/000178217023000142/0001782170-23-000142-index.htm
- Earnings Releases
  Remitly Global, Inc. reported fiscal year 2023 results: revenue $915 million to $925 million. Guidance raised.
  - Period: fiscal year 2023
  - Revenue: $915 million to $925 million
  - Guidance: raised
  - Result: guidance update
  source text: For fiscal year 2023, Remitly currently expects: • Total revenue in the range of $915 million to $925 million, representing a growth rate of 40% to 42% year over year. This outlook reflects an increase from our prior outlook of $875 million to $895 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782170/000178217023000142/0001782170-23-000142-index.htm

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