Remitly (US:RELY) Yahoo Financeยท2025-11-06 21:17Core Insights - Remitly Global's shares fell 23.7% following the release of its third-quarter results and preliminary 2026 guidance, which disappointed investors [1][5]. Financial Performance - Active customers increased by 21% to 8.9 million, leading to a 35% rise in send volume to $19.5 billion [3]. - Revenue grew by 25% to $419.5 million, surpassing estimates of $413.7 million, despite a declining take rate [3][4]. - Adjusted EBITDA rose by 29% to $61.2 million [3]. - The company reported a GAAP profit of $0.04 per share, translating to a net income of $8.8 million [4]. Guidance and Market Reaction - Remitly raised its full-year revenue guidance to between $1.619 billion and $1.621 billion, indicating a growth rate of 28% [4][5]. - The company anticipates positive GAAP net income for the year and adjusted EBITDA of $234 million to $236 million [5]. - However, the initial guidance for 2026 projected revenue growth in the high teens, which is a significant slowdown compared to 2025 and below the average analyst estimate of 19.2% [5][6]. Valuation - Following the sell-off, Remitly's forward P/E ratio is positioned at 12 based on 2026 adjusted EPS estimates, suggesting it may be well-priced for potential growth [6].