Remitly Global, Inc. (RELY) FY2025 10-K Annual Report
Remitly Global, Inc. (RELY) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 18, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Remitly Global, Inc. FY2025 10-K Analysis
Business Overview
- • Core business: Digital-first global cross-border money movement platform with 9.3M quarterly active users in 175+ countries
- • New products emphasized: Remitly Flex (send now, pay later), Remitly Wallet and Card, and Remitly One loyalty program to deepen customer engagement
- • Strategic shift: Expansion beyond low-amount senders to include high-amount senders, businesses, and receivers, leveraging same platform for broader cross-border financial services
- • Notable metric: 2025 send volume $74.9B, up 37% YoY; active customers 9.3M, up 19% YoY
- • Distinctive fact: AI-powered marketing transformation from single-product acquisition to multi-product engagement enhancing retention and unit economics
Management Discussion & Analysis
- • Revenue not explicitly stated, send volume $74.9B in 2025 vs. $54.6B in 2024, 37% YoY increase
- • No direct operating margin or profitability % disclosed in MD&A
- • Best segment: global money movement, majority of revenue, send volume growth from $54.6B to $74.9B
- • Active customers 9.3M in 2025 vs 7.78M in 2024, 19% YoY growth driven by marketing efficiency, retention, product/geographic expansion
- • Forward outlook focuses on customer acquisition, geographic/product expansion, disciplined marketing, AI-driven targeting to balance growth with profitability
Risk Factors
- • Compliance risk under anti-corruption, sanctions, and anti-money laundering laws with potential penalties and enforcement actions impacting financials
- • Geopolitical and macroeconomic exposure in countries accounting for significant send volume facing rapid legal and enforcement changes
- • Operational dependency on limited third-party payment processors and disbursement partners in certain regions risking service disruption
- • Competitive pressure from neobanks and digital-first providers leveraging real-time payment technologies and cryptocurrency innovations
- • Transaction losses of $84.2 million in 2025 (0.11% send volume) from fraud, errors, and misconduct increasing financial risk and reputational harm
Remitly Global, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$1.6B
▲ +29.4% YoY
Net Income
$68M
▲ +283.7% YoY
Operating Margin
4.7%
▲ +783bp YoY
Net Margin
4.2%
▲ +708bp YoY
ROE
7.8%
▲ +1338bp YoY
Total Assets
$1.5B
▲ +44.0% YoY
EPS (Diluted)
$0.31
▲ +263.2% YoY
Operating Cash Flow
$325M
▲ +67.2% YoY
Source: XBRL data from Remitly Global, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Remitly Global, Inc.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.