Short answer
Remitly Global, Inc. (RELY) filed its fiscal 2025 10-K annual report with the SEC on Feb 18, 2026. It reported revenue of $1.6B (+29.4% year over year) and net income of $68M.
- Top risk flagged: Compliance risk under anti-corruption, sanctions, and anti-money laundering laws with potential penalties and enforcement actions impacting financials
FY2025 key financial metrics · XBRL
- Revenue
- $1.6B
- +29.4% YoY
- Net income
- $68M
- +283.7% YoY
- Operating margin
- 4.7%
- +7.8 pp YoY
- EPS (diluted)
- $0.31
- +263.2% YoY
- ROE
- 7.8%
- +13.4 pp YoY
- Operating cash flow
- $325M
- +67.2% YoY
Source: XBRL data from the Remitly Global, Inc. (RELY) FY2025 10-K on SEC EDGAR. USD.
Remitly Global, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
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