Remitly Global Achieves First Full Year GAAP Profitability, Appoints New CEO
summarizeSummary
Remitly Global reported strong Q4 and full-year 2025 results, achieving GAAP profitability for the first time, alongside the appointment of Amazon veteran Sebastian Gunningham as its new CEO.
check_boxKey Events
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Achieves First Full Year GAAP Profitability
Remitly Global reported a net income of $67.9 million for the full fiscal year 2025, a significant turnaround from a net loss of $37.0 million in 2024, marking its first full year of GAAP profitability.
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Strong Q4 and Full Year 2025 Financial Performance
Fourth quarter 2025 revenue increased 26% year-over-year to $442.2 million, with full-year revenue reaching $1.6 billion, up 29%. Adjusted EBITDA for Q4 grew 98% to $88.6 million, and for the full year, it surged 93% to $272.2 million.
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Appoints New Chief Executive Officer
Matt Oppenheimer, co-founder and CEO, will transition to Chairman, with Amazon veteran Sebastian Gunningham appointed as the new Chief Executive Officer, signaling a strategic leadership change for accelerated execution.
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Positive 2026 Financial Outlook
The company expects full fiscal year 2026 revenue in the range of $1.940 billion to $1.960 billion (19-20% growth) and Adjusted EBITDA between $340 million and $360 million, with GAAP net income projected to remain positive.
auto_awesomeAnalysis
Remitly Global reported a significant financial turnaround for fiscal year 2025, achieving GAAP net income for the first time, a pivotal milestone for the company. This strong performance was driven by robust revenue growth and substantial increases in Adjusted EBITDA and free cash flow, demonstrating improved operational efficiency and scale. Concurrently, the company announced a major leadership transition, with co-founder Matt Oppenheimer moving to Chairman and Amazon veteran Sebastian Gunningham taking over as CEO. This strategic leadership change, coupled with the positive financial results and optimistic 2026 guidance, positions Remitly for its next phase of growth and expansion in cross-border financial services.
At the time of this filing, RELY was trading at $15.14 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $12.08 to $27.32. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.