Quarterly ResultMay 6, 2026, 04:26 PM
Remitly Q1 Revenue +25% to $452.8M; Net Income +332%; Raises FY26 Outlook
AI Summary
Remitly Global, Inc. reported record first-quarter 2026 financial results, with revenue increasing 25% year-over-year to $452.8 million and net income surging 332% to $49.1 million. The company also achieved record Adjusted EBITDA of $101.6 million, up 74% year-over-year, driven by strong customer growth and operational efficiencies. Following this strong performance, Remitly raised its full-year 2026 financial outlook.
Key Highlights
- Q1 2026 active customers increased 20% to 9.6 million.
- Q1 2026 send volume grew 37% to $22.1 billion.
- Q1 2026 revenue totaled $452.8 million, up 25% year-over-year.
- Q1 2026 net income was $49.1 million, up 332% year-over-year.
- Q1 2026 Adjusted EBITDA reached $101.6 million, up 74% year-over-year.
- Full-year 2026 revenue outlook raised to $1.960 billion - $1.975 billion.
- Full-year 2026 Adjusted EBITDA outlook set at $370 million - $385 million.
- Q2 2026 revenue expected to be $483 million - $485 million.