Every material Form 8-K Remitly filed with the SEC in 2025, 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 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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Remitly filing is on SEC EDGAR ↗. 8-K briefs of other companies →