Remitly Posts First Full Year of Profitability, Names New CEO — Remitly Global, Inc.

Event summary

Remitly reported $442.2 million in Q4 2025 revenue, up 26% YoY, with net income of $41.2 million, reversing a $5.7 million loss in Q4 2024.
Full-year 2025 revenue hit $1.6 billion, a 29% increase from 2024, with net income of $67.9 million, compared to a $37 million loss in 2024.
Active customers grew 19% YoY to 9.3 million, while send volume increased 35% to $20.8 billion in Q4 2025.
Matt Oppenheimer steps down as CEO, replaced by Sebastian Gunningham, while remaining Chairman.
2026 outlook projects 19-20% revenue growth to $1.94-$1.96 billion, with positive GAAP net income.

The big picture

Remitly's first full year of GAAP profitability marks a significant milestone in its evolution from a remittance-focused company to a broader cross-border financial services platform. The leadership transition to Sebastian Gunningham signals a strategic inflection point, as the company aims to solidify its position in a competitive fintech landscape. With strong customer growth and send volume, Remitly's ability to sustain its momentum will be critical in maintaining investor confidence and driving long-term value.

What we're watching

Leadership Transition: How Sebastian Gunningham's leadership will impact Remitly's strategic direction and execution of its cross-border financial services vision.
Profitability Sustainability: Whether Remitly can maintain its profitability amid competitive pressures and macroeconomic uncertainties.
Revenue Growth Pace: The pace at which Remitly can grow its revenue while expanding into new financial services beyond remittances.