Remitly Global, Inc. reported significant financial growth in its 2025 fiscal year, with total revenue reaching $1.64 billion, a 29% increase from $1.26 billion in 2024. The company achieved a net income of $67.9 million, a notable recovery from losses of $37.0 million in 2024 and $117.8 million in 2023. This turnaround was primarily driven by a 19% increase in active customers, which rose to approximately 9.3 million, and a 37% increase in send volume, totaling $74.9 billion for the year. The growth reflects the company's successful expansion into new customer categories and geographic markets, alongside improvements in customer retention and engagement.
In terms of operational developments, Remitly has expanded its service offerings and geographic reach, now operating in over 175 countries and facilitating transactions across more than 5,300 corridors. The company has also introduced new products, such as Remitly Flex, which allows customers to send money and pay later, enhancing its appeal to a broader customer base, including high-amount senders and small to mid-sized businesses. As of December 31, 2025, Remitly employed over 3,200 full-time equivalent employees, reflecting its growth and the need for increased operational capacity.
The company has also made strategic investments in technology, with a focus on enhancing its platform and customer experience. This includes leveraging artificial intelligence to improve fraud detection and customer service. Remitly's marketing expenses increased by 13% to $342.9 million, indicating a continued commitment to customer acquisition and brand development. The company has implemented a share repurchase program, authorizing the buyback of up to $200 million of its common stock, with $23.9 million repurchased in 2025.
Looking ahead, Remitly's management expressed optimism about sustaining growth, citing a large addressable market for cross-border payments, which is projected to grow significantly in the coming years. However, the company acknowledged potential risks, including regulatory changes, macroeconomic conditions, and competition in the financial services sector. The company remains focused on maintaining operational efficiency and profitability while continuing to innovate and expand its service offerings.
About Remitly Global, Inc.
Remitly is a digital financial services company specializing in cross-border remittances. It offers a mobile-first platform enabling customers to send money internationally with transparency, speed, and reliability. Serving over 170 countries, it leverages a global network of disbursement partners and advanced technology, including AI, to provide diverse payment options. Focused on customer trust and financial inclusion, Remitly targets immigrant communities and global consumers with a scalable, data-driven business model.
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