Core Insights - Remitly Global, Inc. reported strong financial results for Q1 2025, significantly exceeding expectations and raising its full-year outlook for revenue and Adjusted EBITDA [2][11]. Financial Performance - Active customers increased to 8.0 million, up 29% from 6.2 million in Q1 2024 [11]. - Send volume rose to $16.2 billion, a 41% increase from $11.5 billion [11]. - Revenue for Q1 2025 totaled $361.6 million, compared to $269.1 million in Q1 2024, reflecting a 34% growth [11]. - Net income was $11.4 million, a turnaround from a net loss of $21.1 million in the previous year [11]. - Adjusted EBITDA reached $58.4 million, up 157% from $22.8 million in Q1 2024 [11]. Financial Outlook - For fiscal year 2025, total revenue is expected to be in the range of $1.574 billion to $1.587 billion, representing a year-over-year growth rate of 25% to 26% [11]. - The company anticipates a positive GAAP net income for 2025 and Adjusted EBITDA in the range of $195 million to $210 million, an increase from the prior outlook of $180 million to $200 million [11]. - For Q2 2025, total revenue is projected to be between $383 million and $385 million, also indicating a growth rate of 25% to 26% year over year [11]. Operational Metrics - The company updated its non-GAAP financial measures to exclude payroll taxes related to stock-based compensation, enhancing the evaluation of underlying operating performance [3][24]. - Remitly's total costs and expenses for Q1 2025 were $349.4 million, compared to $289.1 million in Q1 2024 [15].

Company Overview - Remitly Global is a remittance provider with a market cap of $4.1 billion, experiencing significant growth and market share gains [2][4]. - The company has 7.8 million active customers as of Q4 2024, reflecting a year-over-year growth of 32% [3]. Market Position - Remitly is gaining customers from Western Union due to lower fees and user-friendly services, targeting key immigrant groups in the U.S. [4]. - The company currently holds approximately 3% market share in the remittance sector, processing $15.4 billion in volume in Q4 of the previous year [4]. Growth Potential - The remittance market is expanding, providing Remitly with a dual advantage of market share growth and sector growth, leading to a cumulative revenue increase of 130% over the last three years [6]. - Revenue growth is expected to continue, with projections indicating that Remitly could achieve over $3 billion in annual sales within five years [11]. Profitability and Financials - Remitly's gross margin is approaching 60%, despite posting a slight operating loss last year due to high spending on marketing and technology [7][8]. - The company is expected to reach operating leverage as it scales, with potential profit margins approaching 20% in the next five years [9]. Investment Appeal - The current market cap undervalues Remitly's profit potential, with a projected P/E ratio dropping below 10 if revenue growth continues [12]. - Investing $2,000 today could yield 100 shares of a fast-growing company at a reasonable price compared to other high-growth stocks [2][12].

Core Viewpoint - Remitly Global, Inc. will report its first quarter financial results on May 7, 2025, and will host a conference call to discuss these results with financial analysts [1]. Group 1: Financial Results Announcement - The company will announce its first quarter financial results after market close on May 7, 2025 [1]. - A conference call and live webcast will take place at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day [1][2]. Group 2: Conference Call Details - To access the conference call, participants must register through a provided link, after which they will receive dial-in details and a unique access code [2]. - The company recommends registering at least 10 minutes before the call starts to ensure connection [2]. Group 3: Webcast Information - A live webcast and replay of the conference call will be available on the Investor Relations section of Remitly's website [3]. - For those not asking questions, listening via the webcast is recommended [3]. Group 4: Company Overview - Remitly is a provider of digital financial services operating in over 170 countries, focusing on cross-border payments [4]. - The company aims to enhance its product offerings to fulfill its vision of transforming lives globally [4].

Remitly Global, Inc. (RELY) has been beaten down lately with too much selling pressure. While the stock has lost 28.1% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillat ...

Market Overview - The Nasdaq-100 Index has experienced a significant decline, falling into a 13.2% correction, with many stocks down 20% or more [1][2] Company Analysis: Remitly - Remitly is a key player in the remittance market, currently facing a 27% drawdown [3] - The company reported a 33% year-over-year revenue growth, reaching $352 million, driven by a 32% increase in active customers to 7.8 million and a 39% growth in send volume to $15.4 billion [4] - Remitly holds a 3% market share in remittances and has seen its revenue outside the U.S. and Canada grow at a 100% year-over-year rate, reaching $297.1 million in 2024, accounting for 23.5% of total revenue [5] - The company has a market cap of $3.9 billion and generated $1.26 billion in revenue in 2024, with projections of reaching $2.5 billion by 2027 and a potential net income of $500 million, resulting in a price-to-earnings ratio below 8 [7] Company Analysis: Coupang - Coupang is a leading e-commerce platform in South Korea, comparable to Amazon in North America, with a focus on rapid shipping and low-cost delivery [8] - The company generated $30 billion in revenue in 2024, reflecting a 29% growth on a foreign currency-neutral basis [9] - Coupang is expanding its offerings with new initiatives such as food delivery, international expansion into Taiwan, video streaming, and luxury shopping through an acquisition of Farfetch [10] - The company is projected to generate $50 billion in annual revenue in the coming years, with a potential net income of $5 billion, while currently having a market cap below $40 billion [11]

Core Insights - Remitly Global, Inc. is set to present at two upcoming investor conferences, showcasing its commitment to engaging with investors and stakeholders [1] - The company operates a digital financial services platform that facilitates cross-border payments, serving over 170 countries [2] Group 1: Upcoming Events - Remitly will present at the Citizens JMP Technology Conference on March 4, 2025, at 11:30 a.m. Eastern Time [1] - The company will also participate in the Wolfe FinTech Forum on March 11, 2025, at 9:20 a.m. Eastern Time [1] - Both presentations will be available for live streaming and later replay on Remitly's investor relations website [1] Group 2: Company Overview - Remitly is recognized as a trusted provider of digital financial services that facilitate cross-border transactions [2] - The company's platform is designed to offer a fast, reliable, and transparent money movement experience for its customers [2] - Remitly is actively expanding its product offerings to enhance its vision and impact lives globally [2]

Remitly Global (RELY) Q4 2024 Earnings Call February 20, 2025 02:28 AM ET Company Participants Stephen Shulstein - VP of Investor RelationsMatt Oppenheimer - Co-Founder and CEOVikas Mehta - Chief Financial OfficerAllison Gelman - Assistant Vice President - Equity ResearchZachary Oster - Equity Research AssociateDarrin Peller - Managing DirectorAlex Markgraff - Vice President - Equity ResearchNone - Executive Conference Call Participants Andrew Schmidt - Equity Research AnalystNone - AnalystRufus Hone - Equi ...

Financial Data and Key Metrics Changes - In Q4 2024, revenue reached $351.9 million, a 33% increase year-over-year, while adjusted EBITDA was $43.7 million, resulting in over a 12% adjusted EBITDA margin [35][36] - Full-year revenue for 2024 was $1.26 billion, up 34%, with adjusted EBITDA of $135 million, delivering nearly an 11% adjusted EBITDA margin [35][36] - Active customers increased by 32% year-over-year to 7.8 million, with send volume growing 39% to $15.4 billion [36][38] Business Line Data and Key Metrics Changes - The gross take rate was 2.28%, consistent with expectations, while send volume per active customer increased by 5.5%, marking a three-year high [38] - U.S. revenue grew by 33%, while revenue from the rest of the world increased by 41% year-over-year [39] - More than 60% of new customers in Q4 were sending to countries outside of Mexico, the Philippines, and India, indicating diversification in customer base [39] Market Data and Key Metrics Changes - The rest of the world contributed nearly 24% of revenue in 2024, up from 21% in 2023, reflecting strong growth in international markets [39] - The mix of digital-received transactions increased year-over-year by over 350 basis points, indicating a positive trend for the business [40] Company Strategy and Development Direction - The company aims to transform lives with trusted financial services that transcend borders, focusing on customer-centric innovations and operational efficiencies [12][13] - The corridor expansion playbook has enabled the company to achieve an 80% revenue CAGR since 2020 in regions outside the U.S. and Canada [25] - The company plans to unlock value for new customer use cases, including seafarers and micro businesses, with minimal incremental investment [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic and regulatory changes, citing resilience over the past decade [86][87] - The outlook for Q1 2025 anticipates revenue between $345 million and $348 million, reflecting a growth rate of 28% to 29% [53] - For the full year 2025, revenue is expected to be between $1.565 billion and $1.58 billion, representing a growth rate of 24% to 25% [56] Other Important Information - The company will begin excluding payroll taxes related to stock-based compensation from adjusted EBITDA starting in Q1 2025 [7] - Stock-based compensation as a percentage of revenue decreased from 14.5% in 2023 to 12% in 2024, reflecting efforts to manage dilution [50][51] Q&A Session Summary Question: Insights on marketing spend and organic ads - Management noted that product improvements have driven organic results, leading to a decline in marketing spend per quarterly active user by 16% year-over-year while acquiring a record number of new customers [71][72] Question: Drivers of increased transaction frequency - The increase in transaction frequency is attributed to the quality of customer engagement and the simplicity and reliability of the platform [82] Question: Views on the political environment regarding immigration - Management expressed confidence in the business's resilience through various macro and political changes, supported by a diversified customer profile [86][87] Question: Margin potential and drivers for 2025 - Management indicated that while margins are expected to grow in line with revenue, operational efficiencies and investments in technology will support long-term profitability [94][95] Question: Impact of foreign exchange on guidance - Management stated that foreign exchange effects were offsetting in Q4 and that the 2025 guidance does not assume any changes in FX stance [100][101] Question: Micro business opportunity - Management highlighted the extensibility of the platform to serve micro businesses, citing specific customer examples to illustrate the potential in this segment [106][109]

Investor Presentation Fourth Quarter 2024 Earnings February 19, 2025 1 February 2025 / © 2025 Remitly Inc. Disclosures Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limited to, statements regarding our future results of operations and financial position, including our fiscal ...

Remitly Global, Inc. (RELY) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 57.14%. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced earnings of $0.01, delivering a surprise of 116.67%.Over the last four quarters, the company has ...