Remitly releases transcript of Q1 2026 earnings call
Remitly Global, Inc.
Remitly Global, Inc. RELY | 0.00 |
- Remitly Q1 2026 earnings call drew CEO Sebastian Gunningham, CFO Vikas Mehta, investor relations head David Beckel; management highlighted record revenue of USD 453 million, adjusted EBITDA of USD 102 million, GAAP net income of USD 49 million, free cash flow above USD 70 million.
- Send volume rose 37% to USD 22.1 billion; quarterly active customers increased 20% to more than 9.6 million; mix shift toward larger-ticket activity drove send volume per active customer up 14% to nearly USD 2,300.
- Outlook called for Q2 revenue of USD 483 million to USD 485 million, adjusted EBITDA of USD 86 million to USD 88 million; full-year revenue of USD 1.96 billion to USD 1.98 billion, adjusted EBITDA of USD 370 million to USD 385 million.
- Growth accelerators remained key focus, with high-value senders redefined as USD 5,000-plus transactions; high-value sender volume grew 73% year over year; business segment ended quarter with more than 20,000 users, business send volume up more than 30% quarter over quarter.
- Capital return stepped up with USD 44 million of buybacks, 2,800,000 shares repurchased; CEO flagged AI-driven cost and speed gains, stablecoins as targeted tool, early distribution experiments via WhatsApp and ChatGPT with no financial arrangement tied to ChatGPT.
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