Earnings Call Insights: Remitly Global, Inc. (RELY) Q4 2025 Management View Matthew Oppenheimer, CEO, opened the call by announcing the appointment of Sebastian Gunningham as Remitly's new CEO, emphasizing that "We ended this strategically important year with incredible results, growing revenue by 29% and reaching adjusted EBITDA of $272 million in 2025, exceeding our guidance for both." Oppenheim...
Earnings Call Insights: Remitly Global, Inc. (RELY) Q4 2025 Management View Matthew Oppenheimer, CEO, opened the call by announcing the appointment of Sebastian Gunningham as Remitly's new CEO, emphasizing that "We ended this strategically important year with incredible results, growing revenue by 29% and reaching adjusted EBITDA of $272 million in 2025, exceeding our guidance for both." Oppenheimer highlighted the company's transformation over five years, noting "We are now over $1.6 billion in revenue, serving more than 9 million customers." He stated that the company's core money movement business continues to show strong momentum, with less than 4% market share in the consumer total addressable market, providing significant headroom for expansion. Oppenheimer cited the growth of new products, such as Flex (Send Now, Pay Later), which reached around 120,000 users, and Remitly Business, which ended the year with over 15,000 business customers. He also outlined strategic priorities for 2026, including further expansion in high-amount senders and geographical growth in regions like the UAE, Japan, Saudi Arabia, and potentially Brazil. Sebastian Gunningham, the incoming CEO, introduced himself and described his background in product, engineering, and financial services, noting, “Remitly serves a global community that has been historically underserved and overcharged.” Gunningham stressed his focus on building the best product, leveraging AI, and driving growth: “In digital financial services, the product is the business. That will be my focus and the way we keep growing our customer base, delivering a great service and driving our revenue growth.” Vikas Mehta, CFO, stated, “Fourth quarter was $442 million revenue, up 26% year-over-year. Adjusted EBITDA was $89 million, resulting in an adjusted EBITDA margin of 20%, our highest quarterly adjusted EBITDA margin ever.” Mehta emphasized efficiency gains, record low transaction losses, and disciplined expense management a...