Remitly Q4 revenue beats estimates

Remitly Global

18/02/2026 21:11

Overview

Cross-border financial services provider's Q4 revenue rose 26%, beating analyst expectations

Adjusted EBITDA for Q4 beat consensus, up 98% yr/yr

Company announced Sebastian Gunningham as new CEO, succeeding co-founder Matt Oppenheimer

Outlook

Remitly expects 2026 revenue between $1.940 bln and $1.960 bln

Company anticipates 2026 Adjusted EBITDA between $340 mln and $360 mln

Remitly forecasts Q1 2026 revenue between $436 mln and $438 mln

Result Drivers

SEND VOLUME GROWTH - Send volume increased by 35% to $20.8 bln, contributing to revenue growth

ACTIVE CUSTOMER INCREASE - Active customers rose 19% to 9.3 mln, boosting revenue

PROFITABILITY ACHIEVED - Co reported first full year of GAAP profitability, with Q4 net income of $41.2 mln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$442.18 mln
$427.27 mln (8 Analysts)
Q4 Net Income
$41.22 mln
Q4 Adjusted EBITDA
Beat
$88.60 mln
$51.40 mln (9 Analysts)
Q4 Operating Income
$38.82 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for Remitly Global Inc is $18.50, about 41.4% above its February 17 closing price of $13.08

The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 57 three months ago

Press Release: ID:nGNXb34Mqz

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)