In Q1 FY2026 (ended March 31, 2026), Remitly Global reported revenue of $452.8 million, up 25.2% year-over-year. Net income was $49.1 million, a 332.1% increase from the prior year, and operating income reached $53.7 million, up 339.3%. Diluted EPS was $0.23, a 360% improvement. The company held $649.1 million in cash, $907.4 million in equity, and no long-term debt.
•Revenue grew 25.2% YoY to $452.8M.
•Net income surged 332.1% YoY to $49.1M.
•Operating income rose 339.3% YoY to $53.7M.
•Diluted EPS increased 360% YoY to $0.23.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Remitly Global, Inc., a cross-border payment company provides digital financial services globally. It offers cross-border remittances and complementary financial services through mobile application and website. Incorporated in 2011, Remitly Global is headquartered in Seattle, Washington.
Remitly Global, Inc. is a cross-border payment company that provides digital financial services globally. Its primary service is cross-border remittances, allowing individuals to send money internationally. Customers can use Remitly's mobile application or website to send funds to recipients in various countries. The company also offers complementary financial services beyond basic remittances. Founded in 2011 and headquartered in Seattle, Washington, Remitly focuses on making international money transfers faster, more transparent, and more affordable. Its platform leverages technology to streamline the transfer process, offering features like competitive exchange rates and low fees. Remitly serves a global customer base, particularly immigrants and expatriates who regularly send money to family and friends abroad.
Where is Remitly Global (RELY) listed and what currency does it trade in?
Remitly Global, Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol RELY. The company's shares are traded in U.S. dollars (USD). Being listed on a major U.S. exchange like Nasdaq provides Remitly with access to a broad investor base and high liquidity. The NasdaqGS is a tier of the Nasdaq stock exchange that includes companies meeting stringent financial and liquidity requirements. Investors can buy and sell RELY shares during regular trading hours on Nasdaq, and the stock is also available through most brokerage platforms. The use of USD as the trading currency aligns with Remitly's headquarters in the United States and its primary listing in the U.S. market.
What sector and industry does Remitly Global (RELY) operate in?
Remitly Global, Inc. operates in the Technology sector, specifically within the Software - Infrastructure industry. This classification reflects the company's core business of providing digital financial services through a technology-driven platform. As a software infrastructure company, Remitly builds and maintains the technological backbone that enables cross-border payments, including mobile applications, website interfaces, and backend processing systems. The Software - Infrastructure industry encompasses companies that develop software platforms and tools that support other businesses or consumers in their operations. For Remitly, this means creating a scalable and secure infrastructure for money transfers, which involves compliance with financial regulations, integration with banking systems, and real-time transaction processing.
Where is Remitly Global headquartered and what markets does it serve?
Remitly Global, Inc. is headquartered in Seattle, Washington, United States. The company was incorporated in 2011 and has since grown to serve a global customer base. Remitly's primary market is cross-border remittances, enabling individuals to send money from countries like the United States, Canada, the United Kingdom, and other developed nations to recipients in over 100 countries. The company focuses on corridors where there is high demand for money transfers, such as from the U.S. to Mexico, India, the Philippines, and many other destinations. By operating digitally, Remitly can reach customers in multiple geographies without needing physical branches. Its services are available through its mobile app and website, making it accessible to users worldwide.
How does Remitly Global (RELY) generate revenue?
Remitly Global generates revenue primarily through fees charged on cross-border money transfers. When a customer sends money using Remitly's platform, the company earns a transaction fee, which may be a flat fee or a percentage of the transfer amount. Additionally, Remitly makes money from the exchange rate margin—the difference between the exchange rate offered to customers and the wholesale rate. The company offers different service tiers, such as Express and Economy transfers, with varying fees and delivery speeds. Beyond remittances, Remitly also provides complementary financial services, such as bill payment and mobile top-ups, which may generate additional fee income. By focusing on a digital-first model, Remitly keeps operational costs low and can offer competitive pricing while still generating profit from high transaction volumes.