Remitly Global (RELY) FY2025 results: revenue $1.6 billion, up 29.4% on the year
Remitly Global, Inc. (RELY) reported revenue of $1.6 billion for fiscal 2025, the year ended 31 December 2025, up 29.4% on the year before. Net income was $68 million, and diluted earnings per share $0.31. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2026.
Revenue
$1.6 billion
+29.4% on the year
FY2019FY2025
Operating margin
4.7%
-3.1% a year earlier
FY2019FY2025
Net income
$68 million
FY2019FY2025
Diluted EPS
$0.31
FY2019FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 4 new.
Fourth quarter revenue rose 26%: Fourth quarter revenue was $442.2 million, against $351.9 million a year earlier.
Fourth quarter Adjusted EBITDA rose 98%: Fourth quarter Adjusted EBITDA was $88.6 million, against $44.7 million a year earlier.
First full year of GAAP profit: Full year net income was $67.9 million, against a net loss of $37.0 million in 2024. Management reported the first full year of GAAP profitability.
Full year Adjusted EBITDA rose 93%: Full year Adjusted EBITDA was $272.2 million, compared with $141.2 million in 2024.
Free cash flow reached $283.3 million: Cash flow from operations was $325.1 million for 2025, against $111.6 million, and free cash flow was $283.3 million, against $93.9 million in 2024.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
325
112
66.8
+191.3%
Capital expenditure
29.4
6.0
2.9
+390.7%
Free cash flow
296
106
63.9
+180.0%
Free cash flow margin
18.1%
8.4%
6.8%
Cash from investing
-69.9
-19.9
-50.0
Cash from financing
-89.8
-42.4
6.3
Depreciation and amortisation
25.0
18.1
13.1
+38.7%
Share-based compensation
155
152
137
+2.0%
Buybacks
23.9
0.0
0.0
Diluted shares, weighted
218m
195m
181m
+11.8%
Shares outstanding at period end
211m
201m
188m
+5.0%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
869
665
529
+30.6%
Redeemable equity
n/a
n/a
0.0
Debt
158
2.5
132
+6,294.7%
Operating lease liabilities
28.1
9.1
4.5
+210.1%
Other liabilities
404
336
370
+20.3%
Total liabilities and equity
1,459
1,013
1,036
+44.0%
Fixed assets
61.5
31.6
16.0
+94.9%
Goodwill
54.9
54.9
54.9
0.0%
Intangible assets
2.1
10.5
16.6
-79.7%
Cash and equivalents
542
368
324
+47.4%
Other assets
798
548
625
+45.6%
Total assets
1,459
1,013
1,036
+44.0%
10-K for the year ended 31 December 2025, filed 18 February 2026: the filing.