Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Remitly (RELY)

Remitly Q1 revenue rises 25% to $452.8 million; raises 2026 outlook

Positive Impact 4 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyRemitly (RELY)
Form8-K, current report
Filed with the SECMay 6, 2026, 4:20 PM ET
Accession number0001628280-26-031305

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.