Quarterly ResultAug 5, 2026, 04:44 PM
Remitly Q2 Net Income $205.9M, EPS $0.93; Revenue Up 20%
AI Summary
Remitly Global, Inc. reported exceptionally strong second-quarter 2026 financial results, with net income soaring to $205.9 million, or $0.93 diluted EPS, primarily driven by a significant income tax benefit. Revenue increased by over 20% to $495.2 million. The company also demonstrated robust operational performance, with income from operations rising significantly, and reduced its long-term debt to zero while repurchasing common stock.
Key Highlights
- Q2 2026 net income was $205.9 million, up from $6.5 million in Q2 2025.
- Q2 2026 diluted EPS was $0.93, compared to $0.03 in Q2 2025.
- Q2 2026 revenue increased 20.2% to $495.2 million from $411.9 million YoY.
- Income from operations for Q2 2026 was $66.7 million, up from $14.6 million YoY.
- Long-term debt was reduced to $0 as of June 30, 2026, from $155.0 million.
- Net cash provided by operating activities was $216.5 million for YTD 2026.
- Company repurchased $65.2 million of common stock YTD 2026.
- Q2 2026 included a $141.3 million benefit from income taxes.
Price Impact
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