Remitly (US:RELY)2025-05-07 20:17Financial Performance - Remitly's Q1 2025 revenue reached $362 million, a 34% year-over-year increase[11] - Send volume grew by 41% year-over-year, reaching $162 billion in Q1 2025[37] - Quarterly active customers increased by 29% year-over-year, totaling 8 million[37] - GAAP Net Income was $11 million in Q1 2025[11] - Adjusted EBITDA for Q1 2025 was $58 million, representing a 162% margin[11] Future Outlook - Remitly projects 2025 revenue between $1574 billion and $1587 billion, indicating a 25% to 26% year-over-year growth[49] - The company anticipates 2025 Adjusted EBITDA to be in the range of $195 million to $210 million[49] - For Q2 2025, Remitly forecasts revenue between $383 million and $385 million, a 25% to 26% year-over-year increase[52] - Q2 2025 Adjusted EBITDA is projected to be between $45 million and $47 million[52] Strategic Initiatives - Remitly experiences over 45% year-over-year growth in send volume from transactions exceeding $1000[21] - The company highlights that over 93% of transactions are disbursed in less than 1 hour[29]