secwatch.observer — SEC 8-K summary
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Issuer:     Remitly Global, Inc. (RELY)
CIK:        0001782170
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001782170-25-000092
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Remitly Q1: revenue $361.6M (+34% YoY), net income $11.4M; raises FY2025 outlook
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- Active customers 8.0M (+29% YoY); send volume $16.2B (+41% YoY).
- Revenue $361.6M (+34% YoY); net income $11.4M vs loss $21.1M in Q1 2024.
- Adjusted EBITDA $58.4M (+157% YoY); raised FY2025 Adj. EBITDA guidance to $195M-$210M.
- FY2025 revenue guidance raised to $1.574B-$1.587B (25-26% growth) from prior $1.565B-$1.580B.
- Q2 2025 outlook: revenue $383M-$385M; Adj. EBITDA $45M-$47M; GAAP net loss expected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782170/000178217025000092/0001782170-25-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782170/000178217025000092/rely-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001782170-25-000092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer