Remitly Global: Aggressive Revenue Expansion And Improving Profitability Despite Global Economic Slowdown

  • In 1Q25, RELY generated $361.6 million in revenue, representing a year-on-year growth of 34%. Overall profitability improved with operating and net income margins expanding by 1079 bps and 1097 bps. Despite global economic headwinds, RELY's revenue and customer growth outpace competitors, driven by aggressive diversification and innovative solutions. Due to operational efficiencies, profitability is improving with expanding margins and AI-driven cost reductions, supporting sustained profitability and cash flow growth.