Financial Performance - Remitly's 3Q25 revenue reached $419.5 million, a 25% year-over-year increase[11] - The company reported GAAP net income of $8.8 million for 3Q25[11] - Adjusted EBITDA for 3Q25 was $61.2 million, representing a 15% Adjusted EBITDA margin[11] - Send volume grew by 35% year-over-year, reaching $19.5 billion in 3Q25[34] - Quarterly active customers increased by 21% year-over-year to 8.9 million in 3Q25[34] Strategic Initiatives - Remitly Business has expanded its total addressable market (TAM) from $2 trillion to $22 trillion[17] - High Amount Senders saw a mix shift of +200 bps year-over-year to customers sending $1K+[21] - Send volume for customers sending $1K+ grew by 40% year-over-year[22] - The company is operationalizing tokenized USD for global liquidity, enabling 24/7 settlement[26] Outlook - Remitly projects 2025 revenue between $1.619 billion and $1.621 billion, representing 28% year-over-year growth[46] - The company anticipates 2025 Adjusted EBITDA between $234 million and $236 million[46] - For 4Q 2025, Remitly expects revenue between $426 million and $428 million, a 21% to 22% year-over-year increase[49] - 4Q 2025 Adjusted EBITDA is projected to be between $50 million and $52 million[49]

Customer Growth - Active customers increased to approximately 8.9 million, representing a 21% growth for the three months ended September 30, 2025, compared to the same period in 2024[125] - Active customers increased by 21% year-over-year, contributing to revenue growth and retention of existing customers[155] Send Volume - Send volume rose 35% to $19.5 billion for the three months ended September 30, 2025, up from $14.5 billion in the same period in 2024[128] - For the nine months ended September 30, 2025, send volume increased 38% to $54.2 billion, compared to $39.2 billion for the same period in 2024[128] - Send volume rose by 35% to $19.5 billion for the three months ended September 30, 2025, and by 38% to $54.2 billion for the nine months ended September 30, 2025, compared to the same periods in 2024[156] Revenue Performance - Revenue increased by 25% to $419.5 million for the three months ended September 30, 2025, and by 31% to $1.19 billion for the nine months ended September 30, 2025, compared to the same periods in 2024[153] Expenses and Costs - Transaction expenses increased by 27% to $146.7 million for the three months ended September 30, 2025, and by 31% to $411.9 million for the nine months ended September 30, 2025, primarily due to higher processing costs[157][158] - As a percentage of revenue, transaction expenses remained stable at 35% for both the three and nine months ended September 30, 2025[159] - Customer support and operations expenses increased by 21% to $26.4 million for the three months ended September 30, 2025, and by 20% to $74.0 million for the nine months ended September 30, 2025[160][161] - Customer support and operations expenses decreased as a percentage of revenue to 6% for both the three and nine months ended September 30, 2025, down from 7% in the same periods in 2024[162] - Marketing expenses increased by $17.0 million, or 23%, for the three months ended September 30, 2025, compared to the same period in 2024, driven by a $13.3 million increase in advertising and targeted marketing expenses[163] - Technology and development expenses rose by $12.0 million, or 17%, for the three months ended September 30, 2025, primarily due to an $8.7 million increase in personnel-related expenses[166] - General and administrative expenses increased by $5.1 million, or 10%, for the three months ended September 30, 2025, driven by a $2.3 million increase in provisions related to collectability from processing partners[169] Profitability and Cash Flow - Adjusted EBITDA for the three months ended September 30, 2025, was $61.2 million, compared to $47.4 million for the same period in 2024, reflecting a significant increase in operating performance[180] - As of September 30, 2025, cash and cash equivalents were $476.9 million, up from $368.1 million as of December 31, 2024, indicating improved liquidity[182] - For the nine months ended September 30, 2025, net cash provided by operating activities was $175.5 million, an increase from $138.9 million in the same period of 2024[188][189] - The cash generated from operations for the nine months ended September 30, 2025, included a net income of $26.7 million, excluding $142.0 million of noncash charges[188] - The company experienced a decrease in cash flow due to customer funds working capital changes of $38.0 million for the nine months ended September 30, 2025[188] Shareholder Actions - The company repurchased $11.9 million of its common stock during the three months ended September 30, 2025, as part of a $200 million share repurchase program approved in July 2025[183] Technology and Development - Investments in technology and development are expected to increase expenses but are projected to contribute to long-term growth[135] - The company expects to continue investing in technology and development to enhance customer experience and attract new customers[146] - Technology and development expenses as a percentage of revenue decreased to 19% for both the three and nine months ended September 30, 2025, from 20% and 22% in the same periods of 2024, respectively[168] Risk Management - The company’s risk management includes proprietary models and machine learning processes to address fraud and compliance risks[136] - The company mitigates foreign currency exchange rate risk by maintaining natural hedges and deploying derivatives, which have not materially impacted operations[205] Regulatory Environment - The impact of recent regulatory changes, including the One Big Beautiful Bill Act, is being evaluated, but no significant impact on business is anticipated[139][140] Financial Position - The company maintains a diversified cash balance portfolio to mitigate foreign currency risks associated with its international operations[138] - Net cash used in investing activities was $51.6 million for the nine months ended September 30, 2025, compared to $12.5 million for the same period in 2024, reflecting a $39.1 million increase[191] - Net cash used in financing activities decreased to $23.7 million for the nine months ended September 30, 2025, down from $128.9 million in 2024, a reduction of $105.2 million[193] - The company had no material off-balance sheet arrangements as of September 30, 2025, that would materially affect its financial condition[198] Currency Impact - A hypothetical 10% strengthening or weakening of the U.S. dollar would have resulted in a fair value change of approximately $25.4 million for customer transaction-related assets and liabilities as of September 30, 2025[204]

Customer Growth - Active customers increased to 8.9 million, up 21% from 7.3 million[5] Financial Performance - Revenue totaled $419.5 million, representing a 25% increase from $336.5 million[5] - Net income was $8.8 million, a 361% increase from $1.9 million[5] - Adjusted EBITDA was $61.2 million, up 29% from $47.4 million[5] - Net income for the nine months ended September 30, 2025, was $26,717, compared to a net loss of $31,254 for the same period in 2024[21] - Adjusted EBITDA for the nine months ended September 30, 2025, was $183,606, a significant increase from $96,468 in 2024, reflecting a 90.4% year-over-year growth[24] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $175,464, compared to $138,850 in 2024, a 26.3% increase[21] Revenue Outlook - Full year 2025 revenue outlook raised to a range of $1.619 billion to $1.621 billion, reflecting a growth rate of 28% year over year[5] - Fourth quarter 2025 revenue expected in the range of $426 million to $428 million, representing a growth rate of 21% to 22% year over year[5] - Adjusted EBITDA for 2025 expected to be in the range of $234 million to $236 million, an increase from prior outlook[5] - GAAP net income expected to be positive for 2025 and the fourth quarter[5] Asset and Liability Management - Total assets increased to $1,213,684, up from $1,012,871, representing a 19.8% growth year-over-year[19] - Total liabilities increased to $416,517 from $347,400, indicating a 19.9% rise year-over-year[19] - Stockholders' equity rose to $797,167, up from $665,471, reflecting a 19.7% increase[19] Expense Management - Customer support and operations expenses for the three months ended September 30, 2025, were $26,386, up from $21,792 in 2024, a 21.8% increase[26] - Marketing expenses for the nine months ended September 30, 2025, totaled $250,103, compared to $219,862 in 2024, reflecting a 13.7% increase[26] - Technology and development expenses for the three months ended September 30, 2025, were $80,421, an increase from $68,446 in 2024, representing a 17.5% growth[26] Strategic Focus - Company continues to focus on sustainable, profitable growth while investing in innovation[2]

Core Insights - Remitly Global, Inc. will host its first Investor Day since its IPO on December 9, 2025, at 10:00 am ET in New York City [1] - The event will include a live webcast, presentation, and on-demand replay available after the event [1] Company Overview - Remitly is a provider of digital financial services operating in over 170 countries, focusing on cross-border payments [2] - The company aims to enhance customer experience with fast, reliable, and transparent money movement [2] - Remitly is expanding its product offerings to further its vision of transforming lives globally [2]

Core Insights - Remitly Global, Inc. reported a 35% increase in send volume and a 25% increase in revenue year over year for Q3 2025, with net income reaching $8.8 million and Adjusted EBITDA at $61.2 million [1][5]. Financial Performance - Active customers grew to 8.9 million, up 21% from 7.3 million [5]. - Send volume increased to $19.5 billion, compared to $14.5 billion, reflecting a 35% growth [5]. - Revenue totaled $419.5 million, up from $336.5 million, marking a 25% increase [5]. - Net income was $8.8 million, a significant rise of 361% from $1.9 million [5]. - Adjusted EBITDA reached $61.2 million, up 29% from $47.4 million [5]. 2025 Financial Outlook - For the fiscal year 2025, total revenue is expected to be between $1.619 billion and $1.621 billion, indicating a growth rate of 28% year over year [5]. - The fourth quarter of 2025 is projected to generate revenue between $426 million and $428 million, representing a growth rate of 21% to 22% year over year [5]. - Adjusted EBITDA for 2025 is anticipated to be in the range of $234 million to $236 million, an increase from the previous outlook of $225 million to $230 million [5]. Management Commentary - The CEO, Matt Oppenheimer, emphasized the company's focus on sustainable, profitable growth and efficient execution while continuing to invest in innovation [2]. - The company expects to close 2025 strong and has raised its full-year revenue and Adjusted EBITDA outlook [2]. Additional Information - Remitly operates a digital financial services platform that spans over 170 countries, aiming to provide fast, reliable, and transparent money movement experiences [13]. - The company continues to expand its product offerings to enhance its service and customer experience [13].

Core Viewpoint - Remitly Global, Inc. will report its third quarter financial results on November 5, 2025, and will host a conference call to discuss these results with financial analysts [1][2]. Group 1: Financial Results Announcement - The third quarter financial results will be reported after market close on November 5, 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]. - Registration is required to access the conference call, and participants are advised to register at least 10 minutes before the call starts [2]. Group 2: Webcast and Replay Information - A live webcast and replay of the conference call will be available on the Investor Relations section of Remitly's website [3]. - The company recommends listening via the webcast for those not planning to ask questions [3]. Group 3: Company Overview - Remitly is a provider of digital financial services operating in over 170 countries [4]. - The company focuses on cross-border payments, offering a fast, reliable, and transparent money movement experience [4]. - Remitly is expanding its product suite to enhance its vision and impact lives globally [4].

Core Viewpoint - Remitly Global, Inc. (NASDAQ:RELY) is recognized as one of the best fintech stocks to buy, with a reaffirmed Market Outperform rating and a price target of $23 by Citizens JMP, highlighting its strong growth potential in the fintech sector [1][2]. Group 1: Company Overview - Remitly Global, Inc. is a financial technology and payments company that offers digital financial services through its cross-border payments app, facilitating money transfers in over 170 countries [2]. - The price target of $23 represents approximately 15 times the estimated adjusted EBITDA for Remitly in 2026, indicating strong future earnings potential [2]. Group 2: Market Position - Citizens JMP views Remitly as one of the strongest secular growth vehicles in the fintech industry, noting that its business has grown more quickly and profitably than many had anticipated [1].

Core Viewpoint - Remitly Global, Inc. (RELY) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the company's changing earnings picture [2]. - For the fiscal year ending December 2025, Remitly Global is expected to earn $0.12 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 33.3% over the past three months [9]. Impact of Institutional Investors - Changes in earnings estimates are strongly correlated with stock price movements, as institutional investors adjust their valuations based on these estimates, leading to significant trading activity [5]. Business Improvement Indicators - The rising earnings estimates and the Zacks rating upgrade suggest an improvement in Remitly Global's underlying business, which could lead to higher stock prices as investors respond positively [6][11]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - Remitly Global's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10][11].

Core Viewpoint - The article critiques the speculative nature of quantum computing stocks, particularly IonQ, while highlighting the potential of companies like Remitly Global and Portillo's that are currently creating value in the market [2][12]. Group 1: Quantum Computing Stocks - IonQ has seen a significant increase in stock price, up hundreds of percent in the last year, reaching a market cap of $25 billion despite generating less than $100 million in revenue [2]. - The company is characterized as highly speculative with little to no viable business model, making it a risky investment [2][12]. Group 2: Remitly Global - Remitly has experienced a 34% year-over-year revenue growth last quarter, with a 40% increase in send volume, indicating strong performance despite concerns over immigration policies affecting cross-border payments [6][5]. - The company generated $1.46 billion in trailing revenue with an EBIT of $27 million, showcasing its path to profitability and operational leverage compared to IonQ's significant losses [7]. - Remitly is positioned to capture market share from traditional players due to its low fees and user-friendly mobile application [6]. Group 3: Portillo's - Portillo's is expanding its restaurant chain into new markets like Texas and Florida, despite facing challenges from a slowdown in consumer spending [8]. - The company reported a modest 3.6% annual revenue growth, with plans for significant expansion in the coming years as new store openings are scheduled for the latter half of 2025 [9]. - Portillo's generated $65 million in EBIT on $728 million in revenue over the last 12 months, contrasting sharply with IonQ's $53 million in revenue and $351 million in losses [11].

Group 1 - Remitly Global, Inc. (NASDAQ: RELY) is focused on providing digital financial services for cross-border money transfers through its mobile app and website [1] - Jim Cramer expressed skepticism about investing in Remitly, suggesting that the company is facing significant challenges and recommending traditional banks instead [1] - Night Watch Investment Management highlighted the potential impact of proposed tariffs and tax legislation on various industries, indicating a strategic repositioning in response to these external factors [1] Group 2 - There is acknowledgment of Remitly's potential as an investment, but certain AI stocks are viewed as offering greater upside potential with less downside risk [2] - A report is available that identifies an undervalued AI stock that could benefit from Trump-era tariffs and the onshoring trend [2]