Remitly (US:RELY)2025-11-05 22:00Financial 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]