Every material Form 8-K Remitly has filed with the SEC since December 20, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Remitly reported third-quarter 2026 revenue of $509.8 million, up 22% from a year earlier, and net income of $67.6 million, up from $8.8 million. The company raised its full-year 2026 revenue outlook to $1.989 billion to $1.991 billion and increased its share repurchase authorization from $200 million to $500 million, which gives shareholders a larger buyback program.
Q3 2026 revenue of $509.8 million, up 22% from $419.5 million in Q3 2025
Q3 2026 net income of $67.6 million, up 665% from $8.8 million; Adjusted EBITDA of $120.8 million, up 97%
Full-year 2026 revenue outlook of $1.989 billion to $1.991 billion, representing 22% growth
Board raised share repurchase authorization by $300 million to $500 million; the program does not obligate purchases
Remitly Global entered into Amendment No. 2 to its credit agreement on October 26, 2026, increasing its secured revolving credit facility from $550 million to $1 billion and its letter of credit sub-facility from $200 million to $400 million. The company expects to use the facility mainly to support prefunding of customer flows in its global remittance business and for general corporate purposes.
Secured revolving credit facility increased from $550 million to $1 billion
Letter of credit sub-facility increased from $200 million to $400 million
Amendment dated October 26, 2026; JPMorgan Chase Bank, N.A. serves as agent
Proceeds expected to support prefunding of customer flows and general corporate purposes
Remitly reported record second-quarter 2026 revenue of $495.2 million, up 20% from a year earlier, and net income of $205.9 million, which includes a $140.6 million discrete tax benefit from releasing a U.S. valuation allowance. The company also said it raised its full-year 2026 outlook, now calling for revenue of $1.978 billion to $1.988 billion, and issued third-quarter revenue guidance of $505 million to $507 million.
Q2 2026 revenue was $495.2 million, up 20% from $411.9 million; send volume rose 27% to $23.5 billion.
Q2 net income was $205.9 million, versus $6.5 million a year earlier; diluted EPS was $0.93, versus $0.03.
Adjusted EBITDA was $114.7 million, up 79% from $64.0 million.
FY2026 revenue guidance is $1.978 billion to $1.988 billion (21% to 22% growth); Q3 2026 revenue guidance is $505 million to $507 million.
Remitly Global, Inc. disclosed that Ankur Sinha, its Chief Product and Technology Officer, gave notice on June 8, 2026 that he will resign from the role effective June 19, 2026. The filing states his resignation did not result from any disagreement about the company's financial reporting or accounting policies, which is relevant to shareholders weighing executive turnover in a key operating role.
Ankur Sinha gave notice of resignation as Chief Product and Technology Officer on June 8, 2026.
The resignation takes effect June 19, 2026.
The filing states there was no disagreement with the company on financial reporting or accounting matters.
The 8-K does not name a successor or describe the reasons for the departure.
Remitly reported first-quarter 2026 revenue of $452.8 million, up 25% from a year earlier, and net income of $49.1 million, up 332%. The company's press release says it raised its full-year 2026 outlook, now calling for revenue of $1.960 billion to $1.975 billion, which would be 20% to 21% growth.
Q1 2026 revenue was $452.8 million versus $361.6 million in Q1 2025, up 25%.
Q1 2026 net income was $49.1 million versus $11.4 million, and Adjusted EBITDA was $101.6 million versus $58.4 million.
Full-year 2026 revenue outlook is $1.960 billion to $1.975 billion; Q2 2026 revenue outlook is $483 million to $485 million.
Q1 2026 restructuring and other costs were $11.5 million, mostly non-recurring termination benefits.
Remitly Global increased its board from 10 to 11 directors and appointed Adam Messinger, effective April 6, 2026, as a Class III director with a term ending at the 2027 annual meeting. He also joined the Talent and Compensation Committee. The filing describes a board addition rather than a change in operations or financial results.
Adam Messinger appointed to the Board effective April 6, 2026; board size increased from 10 to 11 directors
Mr. Messinger was Chief Technology Officer of Twitter from March 2013 to December 2016 and previously held roles at Oracle
He joins the Talent and Compensation Committee and will receive compensation under the non-employee director policy described in the April 25, 2025 proxy statement
Remitly said its Chief Accounting Officer, Luke Tavis, is retiring from the role effective March 31, 2026, with no disagreement over financial reporting cited. The board appointed Tai-Hong Fung, the company's current Vice President, Controller, as successor effective April 1, 2026, and his compensation is not expected to change.
Luke Tavis retires as Chief Accounting Officer effective March 31, 2026, and remains Vice President, Accounting, until June 2026
Board approved Tai-Hong Fung as Chief Accounting Officer on March 16, 2026, effective April 1, 2026
Fung has served as Remitly Vice President, Controller since February 2026 and previously was at Starbucks Corporation and Microsoft Corporation
The filing states Tavis's retirement did not result from any disagreement regarding financial reporting or accounting policies
Remitly Global appointed Sebastian Gunningham as chief executive officer effective February 19, 2026, succeeding co-founder Matthew Oppenheimer, who will cease to be an employee but continue as Chair of the Board. The company also reported Q4 and full-year 2025 results that exceeded the high ends of its revenue and Adjusted EBITDA guidance, and provided Q1 and full-year 2026 guidance. A large part of Gunningham's equity award vests only if the stock reaches price thresholds from $20 to $50 per share, tying that pay to share price gains.
Gunningham receives a $350,000 annual base salary, 1,462,500 performance stock units and 787,500 restricted stock units, plus a $4,000,000 cash payment paid 50% at start and 50% at first anniversary
PSU thresholds run from $20 to $50 per share, measured as a 120-trading day average, implying a market capitalization up to $10.5 billion
Board membership increases from nine to ten members; Oppenheimer remains Chair and Phillip Riese is Lead Independent Director
Q4 and full-year 2025 revenue and Adjusted EBITDA exceeded the high ends of guidance; the filing gives no dollar figures for these results
Remitly reported fourth-quarter 2025 revenue of $442.2 million, up 26%, and net income of $41.2 million, compared with a net loss of $5.7 million a year earlier. For full-year 2025, net income was $67.9 million, the company's first full year of GAAP profitability, and the company said results exceeded its prior guidance for revenue and Adjusted EBITDA. The company also named Sebastian Gunningham as its new Chief Executive Officer, replacing co-founder Matt Oppenheimer, who will remain Chairman.
Q4 2025 revenue was $442.2 million, up from $351.9 million; net income was $41.2 million versus a net loss of $5.7 million
Full-year 2025 net income was $67.9 million versus a net loss of $37.0 million; Adjusted EBITDA was $272.2 million, up 93%
2026 outlook: total revenue of $1.940 billion to $1.960 billion and Adjusted EBITDA of $340 million to $360 million; GAAP net income expected to be positive
Sebastian Gunningham appointed CEO; Matt Oppenheimer remains Chairman and will advise through a transition period
Remitly reported third-quarter 2025 revenue of $419.5 million, up 25% from a year earlier, and net income of $8.8 million, compared with $1.9 million. The company raised its full-year 2025 revenue and Adjusted EBITDA outlook, which gives shareholders a higher expected range for the year.
Q3 2025 revenue was $419.5 million, up from $336.5 million; send volume rose 35% to $19.5 billion.
Q3 net income was $8.8 million versus $1.9 million a year earlier; Adjusted EBITDA was $61.2 million, up 29%.
Full-year 2025 revenue outlook is $1.619 billion to $1.621 billion, up from $1.610 billion to $1.620 billion; Adjusted EBITDA outlook is $234 million to $236 million, up from $225 million to $230 million.
Q4 2025 revenue is expected at $426 million to $428 million, growth of 21% to 22%.
Remitly reported second quarter 2025 revenue of $411.9 million, up 34% from a year earlier, and net income of $6.5 million compared with a net loss of $12.1 million a year earlier. The company raised its full-year 2025 revenue and Adjusted EBITDA outlook and authorized a $200 million share repurchase program.
Q2 2025 revenue was $411.9 million, up 34% from $306.4 million; Adjusted EBITDA was $64.0 million, up 144% from $26.2 million.
Full-year 2025 revenue outlook raised to $1.61 billion to $1.62 billion from $1.574 billion to $1.587 billion; Adjusted EBITDA outlook raised to $225 million to $230 million from $195 million to $210 million.
Third-quarter 2025 revenue is expected at $411 million to $413 million, and Adjusted EBITDA at $53 million to $55 million.
The Board authorized a share repurchase program of up to $200 million of common stock, with no obligation to buy and no expiration date.
Remitly entered a new $550 million secured revolving credit agreement with JPMorgan Chase Bank as agent on June 24, 2025, replacing its prior $325 million facility. The company said it expects to use the facility mainly to support prefunding of customer flows in its remittance business and for general corporate purposes. The filing reports no borrowings were outstanding under the prior facility when it was terminated, and the new facility carries a maximum total net leverage covenant of 4.50 to 1.00.
New secured revolving facility totals $550 million, with a first priority lien on substantially all Loan Parties' assets.
Prior five-year $325 million credit agreement, dated September 13, 2021, was terminated on June 24, 2025, with no borrowings outstanding.
Covenant requires total net leverage ratio not greater than 4.50 to 1.00 at each fiscal quarter end.
Interest is based on Term SOFR, Daily Simple SOFR, or an alternate base rate.
Remitly reported first quarter 2025 revenue of $361.6 million, up 34% from a year earlier, and net income of $11.4 million, compared with a net loss of $21.1 million in the first quarter of 2024. The company raised its full-year 2025 revenue outlook to $1.574 billion to $1.587 billion and its Adjusted EBITDA outlook to $195 million to $210 million, and it guided to a GAAP net loss for the second quarter.
Q1 2025 revenue was $361.6 million, up 34%; send volume rose 41% to $16.2 billion.
Q1 2025 net income was $11.4 million, versus a net loss of $21.1 million a year earlier; Adjusted EBITDA was $58.4 million, up 157%.
Full-year 2025 revenue outlook raised to $1.574 billion to $1.587 billion, from $1.565 billion to $1.580 billion.
Second-quarter 2025 guidance calls for revenue of $383 million to $385 million and a GAAP net loss.
Remitly entered a transition agreement with Vice Chair Joshua Hug, who will leave his Vice Chair position and become a non-employee director effective May 15, 2025. The company said the change did not stem from any disagreement over financial reporting or accounting matters.
Agreement signed March 5, 2025; Hug moves to non-employee director effective May 15, 2025
Company will pay Hug's monthly COBRA healthcare coverage for 18 months
Hug includes a release of claims against the company and remains bound by non-solicitation, non-competition, non-disparagement and confidentiality covenants
Full agreement to be filed as an exhibit to the 10-Q for the quarter ending March 31, 2025
Remitly reported fourth quarter and full year 2024 results on February 19, 2025. Revenue rose 33% in the quarter and 34% for the year, and the net loss narrowed sharply from the prior-year periods. The company also guided to positive GAAP net income for 2025, while expecting a GAAP net loss in the first quarter of 2025.
Q4 2024 revenue was $351.9 million, up 33% from $264.8 million; net loss was $5.7 million versus $35.0 million a year earlier.
Full year 2024 revenue was $1,264.0 million, up 34%; net loss was $37.0 million versus $117.8 million in 2023.
2025 outlook: revenue of $1.565 billion to $1.580 billion and Adjusted EBITDA of $180 million to $200 million, with GAAP net income expected to be positive.
Q1 2025 outlook: revenue of $345 million to $348 million and a GAAP net loss, with Adjusted EBITDA of $36 million to $40 million.
Remitly said its Chief Accounting Officer, Gail Miller, resigned effective February 28, 2025, and that the resignation did not stem from any disagreement over financial reporting or accounting. The board appointed Luke Tavis, currently the company's Vice President and Controller, to succeed her in the role effective the same date, with an equity award of 36,773 restricted stock units tied to the appointment.
Gail Miller resigned as Chief Accounting Officer effective February 28, 2025; notice given January 21, 2025
Luke Tavis, age 49, to become Chief Accounting Officer effective February 28, 2025, reporting to the CFO
Tavis's award totals 36,773 RSUs, with 28,667 vesting in tranches from May 25, 2028 through February 25, 2029
Remitly signed a consulting agreement with EVP Rene Yoakum, who previously announced her retirement effective December 31, 2024. She will consult for the company from January 1, 2025 through December 31, 2026, unless ended earlier by either party, and keeps vesting in her equity awards during that period.
Consulting Agreement dated December 17, 2024; term runs January 1, 2025 to December 31, 2026
Yoakum keeps vesting in 31,250 stock options and 262,991 restricted stock units during the consulting term
Company to pay COBRA healthcare coverage for 18 months and a $4,000 monthly health insurance premium amount for the rest of the term
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