Remitly Reports 34% Revenue Growth to $411.9 Million in Q2 2025

Remitly Global, Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $411.9 million for the three months ended June 30, 2025, a 34% increase from $306.4 million in the same period last year. For the first half of 2025, the company generated $773.5 million in revenue, also reflecting a 34% year-over-year growth from $575.5 million. The increase in revenue was primarily driven by a 24% rise in active customers, which reached approximately 8.5 million, and a 40% increase in send volume, totaling $18.5 billion for the quarter.

The company's operational expenses also rose, with total costs and expenses increasing by 23% to $397.2 million for the second quarter of 2025, compared to $322.2 million in the prior year. Notably, transaction expenses surged by 33% to $143.8 million, attributed to higher processing costs associated with increased transaction volumes. Despite these rising costs, Remitly reported a net income of $6.5 million for the quarter, a significant turnaround from a net loss of $12.1 million in the same period last year. For the first half of 2025, net income was $17.9 million, compared to a loss of $33.2 million in the prior year.

Strategically, Remitly has focused on expanding its global footprint and enhancing its product offerings. The company has successfully diversified its corridor portfolio, which has contributed to new customer growth. As of June 30, 2025, Remitly's app maintained high user ratings, with a 4.9 rating on iOS and 4.8 on Android, indicating strong customer satisfaction. The company also entered into a new $550 million revolving credit facility in June 2025, replacing its previous facility, to support its operational needs and customer transaction volumes.

In terms of operational metrics, Remitly's customer engagement remains strong, with a notable increase in active users and send volume. The company reported that its marketing expenses increased by 10% to $85.0 million for the second quarter, reflecting ongoing investments in customer acquisition. Additionally, Remitly's employee headcount has grown, supporting its expansion efforts and operational capabilities. The company continues to prioritize technology investments to enhance its service offerings and improve customer experience.

Looking ahead, Remitly remains optimistic about its growth trajectory, driven by its expanding customer base and ongoing investments in technology and marketing. The company anticipates that its strategic initiatives will continue to yield positive results, although it acknowledges potential challenges from macroeconomic factors and regulatory changes. Overall, Remitly's strong financial performance and strategic focus position it well for future growth in the digital financial services sector.