Remitly Global Shares Surge 20.9% After Q4 Beats, Ex-Amazon SVP Named CEO
Remitly Global shares surged 20.9% after-hours to $16.45 on Q4 revenue growth of 26% to $442.2 million and EBITDA up 98% to $88.6 million. The company posted full-year revenue of $1.6 billion (+29%), guided 19–20% revenue growth to $1.94–1.96 billion and named ex-Amazon SVP Sebastian Gunningham CEO.
1. Q4 Financial Performance
Remitly Global reported fourth-quarter revenue of $442.2 million, up 26% year over year, while adjusted EBITDA climbed 98% to $88.6 million. The company generated net income of $41.2 million versus a $5.7 million loss in Q4 2024, with active customers rising 19% to 9.3 million and send volume jumping 35% to $20.8 billion.
2. Full-Year Results and Guidance
For full-year 2025, revenue increased 29% to $1.6 billion and adjusted EBITDA nearly doubled to $272.2 million, reversing a net loss to deliver $67.9 million in net income. Management guided fiscal 2026 revenue of $1.94–1.96 billion (up 19–20%) and adjusted EBITDA of $340–360 million.
3. CEO Transition
Co-founder Matt Oppenheimer will hand over the CEO role to Sebastian Gunningham, effective immediately. Gunningham previously served as a senior vice president at Amazon and as chairman of Santander Consumer Finance, bringing extensive fintech and leadership experience.