Remitly Q4 revenue rises 33% to $351.9 million; net loss narrows to $5.7 million
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing 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 February 19, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.