Investor Presentation First Quarter 2025 Earnings May 7, 2025 May 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 year and seco ...

Customer Growth and Engagement - Active customers increased to approximately 8.0 million, representing a 29% growth compared to 6.2 million in the same period last year[106] - The mobile app has a 4.9 rating on the iOS App Store with over 3.4 million reviewers and a 4.8 rating on Google Play with over 1.0 million reviewers, indicating strong customer satisfaction[98] - Seasonal trends affect customer activity, with peaks typically observed during the fourth quarter around the Christmas holiday[115] Financial Performance - Revenue increased by $92.5 million, or 34%, to $361.6 million for the three months ended March 31, 2025, compared to $269.1 million for the same period in 2024[134] - Net income for the three months ended March 31, 2025, was $11.4 million, compared to a net loss of $21.1 million for the same period in 2024[132] - Adjusted EBITDA for the three months ended March 31, 2025 was $58.4 million, significantly higher than $22.8 million in the same period of 2024, reflecting improved operating performance[156] Transaction and Operational Metrics - Send volume rose 41% to $16.2 billion for the three months ended March 31, 2025, up from $11.5 billion in the same period last year[109] - The company operates in over 5,200 corridors, allowing efficient money transfers without the need for local operations in each country[98] - Transaction expenses rose by $31.5 million, or 35%, to $121.4 million for the three months ended March 31, 2025, primarily due to increased processing costs[136] Expenses and Investments - Investments in technology and development are expected to increase expenses in the short term but are aimed at long-term growth through new product innovations and enhanced customer experiences[116] - Customer support and operations expenses increased by $2.5 million, or 12%, but decreased as a percentage of revenue to 6% from 7%[138][139] - Marketing expenses increased by $5.3 million, or 8%, but decreased as a percentage of revenue to 20% from 25%[141][142] Cash Flow and Liquidity - Cash provided by operating activities for the three months ended March 31, 2025 was $132.9 million, a substantial increase from cash used in operating activities of $56.8 million in the prior year[162] - The company had cash and cash equivalents of $493.9 million as of March 31, 2025, up from $368.1 million at the end of 2024, indicating strong liquidity[158] - Future capital requirements will depend on revenue growth, sales and marketing expansion, and new product introductions, with expected increases in operating expenses to support business growth[160] Risk Management - Proprietary risk models and machine learning processes are utilized to manage fraud and other illegitimate activities, maintaining a differentiated customer experience[117] - The company engages with reputable pay-in and disbursement partners to mitigate credit risk and conducts credit reviews before onboarding[177] - The company monitors market risk exposures continuously to mitigate potential economic losses from adverse changes in market factors[176] Foreign Currency and Accounting Policies - A hypothetical 10% strengthening or weakening of the U.S. dollar would have resulted in a fair value change of approximately $19.5 million and $17.4 million for customer transaction-related assets and liabilities as of March 31, 2025, and December 31, 2024, respectively[179] - The company does not currently use derivatives to hedge foreign currency exchange risk but may consider doing so in the future[180] - The company has not reported material changes in critical accounting policies compared to the previous annual report[174]

Customer Growth - Active customers increased to 8.0 million, up 29% from 6.2 million[4] Financial Performance - Revenue totaled $361.6 million, up 34% from $269.1 million[4] - Net income was $11.4 million, compared to a net loss of $21.1 million[4] - Adjusted EBITDA was $58.4 million, up 157% from $22.8 million[4] - Net income for the three months ended March 31, 2025, was $11,352,000, a significant improvement compared to a net loss of $21,080,000 in the same period of 2024[21] - Adjusted EBITDA for Q1 2025 was $58,428,000, compared to $22,779,000 in Q1 2024, reflecting an increase of 156%[26] Revenue Outlook - Full year 2025 revenue outlook raised to between $1.574 billion and $1.587 billion, representing a growth rate of 25% to 26% year over year[4] - Second quarter 2025 revenue expected to be between $383 million and $385 million, representing a growth rate of 25% to 26% year over year[4] Adjusted EBITDA Projections - Adjusted EBITDA for 2025 expected to be in the range of $195 million to $210 million, an increase from the prior outlook[4] - Second quarter 2025 Adjusted EBITDA expected to be in the range of $45 million to $47 million[4] Asset and Equity Growth - Total assets increased to $1,100,586,000 as of March 31, 2025, up from $1,012,871,000 at December 31, 2024, representing a growth of 8.6%[19] - Total stockholders' equity increased to $723,476,000 as of March 31, 2025, up from $665,471,000 at December 31, 2024, representing an increase of 8.7%[19] Cash and Liabilities - Cash and cash equivalents at the end of Q1 2025 were $493,905,000, up from $368,097,000 at the end of Q4 2024, marking a 34% increase[21] - Total current liabilities rose to $352,157,000 as of March 31, 2025, compared to $329,008,000 at December 31, 2024, an increase of 7%[19] Expense Management - Customer support and operations expenses for Q1 2025 were $22,573,000, up from $20,119,000 in Q1 2024, indicating an increase of 12.2%[27] - Marketing expenses increased to $73,349,000 in Q1 2025 from $68,014,000 in Q1 2024, a rise of 7.5%[27] - Technology and development expenses for Q1 2025 were $73,851,000, compared to $63,206,000 in Q1 2024, reflecting a growth of 16.8%[27] Historical Comparisons - Net income for Q1 2024 was $(21,080) thousand, showing a decrease from $(28,314) thousand in Q1 2023[31] - Adjusted EBITDA for Q1 2024 reached $22,779 thousand, compared to $7,263 thousand in Q1 2023, indicating a significant improvement[31] - Total marketing expenses for Q1 2024 were $68,014 thousand, up from $44,123 thousand in Q1 2023, reflecting a 54% increase[33] - Non-GAAP customer support and operations expenses for Q1 2024 were $18,998 thousand, slightly down from $19,695 thousand in Q1 2023[33] - Technology and development expenses for Q1 2024 amounted to $63,206 thousand, an increase from $49,376 thousand in Q1 2023, representing a 28% rise[33] - Stock-based compensation expense for Q1 2024 was $34,088 thousand, compared to $29,234 thousand in Q1 2023, showing an increase of 16%[31] - The company reported a total of $136,967 thousand in stock-based compensation expenses for the year 2023[31] - The total operating expenses for Q1 2024 were $44,173 thousand, compared to $41,408 thousand in Q1 2023, indicating a 4% increase[33] Future Plans - The company expects continued growth in adjusted EBITDA, projecting $141,204 thousand for the year 2024[31] - The company plans to maintain its focus on market expansion and new product development in the upcoming quarters[31] - The company continues to expand its suite of products to enhance its digital financial services offerings[14]

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 ...

SEATTLE, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the following investor conferences: The Citizens JMP Technology ConferenceDate: Tuesday, March 4, 2025Time: 11:30 a.m. Eastern Time / 8:30 a.m. Pacific Time Wolfe FinTech ForumDate: Tuesday, March 11, 2025Time: 9:20 a.m. Eastern Time / 6:20 a.m. Pacific Time The presentations will be webca ...

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 ...

Remitly Global, Inc. (NASDAQ:RELY) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Company Participants Stephen Shulstein - Vice President of Investor Relations Matt Oppenheimer - Co-Founder and Chief Executive Officer Vikas Mehta - Chief Financial Officer Conference Call Participants Andrew Schmidt - Citigroup Rufus Hone - BMO Chris Kennedy - William Blair Darrin Peller - Wolfe Research Alex Markgraff - KBCM Operator Good day, and thank you for standing by. Welcome to the Remitly’s Fourth Qua ...