RELY on Nasdaq

Remitly Global, Inc.

Remitly, founded in 2011, is a trusted provider of financial services that transcend borders.3 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerRELY on Nasdaq1
  • IndustryServices-Business Services, NEC1
  • HeadquartersSeattle, Washington1
  • Incorporated inDE2
  • Business addressRemitly Global, Inc., 401 Union Street, Suite 1000, Seattle, Wa 981012
  • Filer categoryLarge accelerated filer2
  • Legal formCorporation

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Remitly, founded in 2011, is a trusted provider of financial services that transcend borders. With a footprint spanning more than 175 countries, we have built one of the world’s leading global money movement platforms, trusted by millions of customers who rely on us every day.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

4.7%Operating margin4
4.2%Net margin4
29.4%Revenue growth, 20254
7.8%Return on equity4
0.18×Debt to equity4
$295.7MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 66% of the revenue Remitly Global, Inc. broke down this way in fiscal 2025.

  1. United States$1.1B466%up 31% from 2024
  2. Rest Of World$388.2M424%up 31% from 2024
  3. Canada$163.8M410%up 16% from 2024
Regions by year
Regions202320242025
United States$631.7M$825.8M$1.1B
Rest Of World$199.2M$297.1M$388.2M
Canada$113.3M$141.1M$163.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development19¢$313.9M
  • Other costs76¢$1.2B
  • Income tax0¢$3.7M
  • Profit4¢$67.9M

Out of $1.6B in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending9¢$29.4M
  • Share buybacks7¢$23.9M
  • Kept or used elsewhere84¢$271.8M

Out of $325.1M of cash from operations.4

Financial statements

Revenue56784$1.6B in 2025+1192% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $126.6M$126.6M20192020: $257.0M$257.0M2020+103%2021: $458.6M$458.6M2021+78%2022: $653.6M$653.6M2022+43%2023: $944.3M$944.3M2023+44%2024: $1.3B$1.3B2024+34%2025: $1.6B$1.6B2025+29%
Operating income56784$77.5M in 2025
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2019: -$50.6M-$50.6M20192020: -$29.2M-$29.2M2020−42%2021: -$39.7M-$39.7M2021+36%2022: -$121.0M-$121.0M2022+205%2023: -$114.2M-$114.2M2023−6%2024: -$39.1M-$39.1M2024−66%2025: $77.5M$77.5M2025
Net income56784$67.9M in 2025
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2019: -$51.4M-$51.4M20192020: -$32.6M-$32.6M2020−37%2021: -$38.8M-$38.8M2021+19%2022: -$114.0M-$114.0M2022+194%2023: -$117.8M-$117.8M2023+3%2024: -$37.0M-$37.0M2024−69%2025: $67.9M$67.9M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Revenue$1.6B$1.3B$944.3M
Marketing$342.9M$303.8M$234.4M
Technology and development$313.9M$269.8M$219.9M
General and administrative$225.1M$195.9M$179.4M
Depreciation and amortization$25.0M$18.1M$13.1M
Total costs and expenses$1.6B$1.3B$1.1B
Income (loss) from operations$77.5M-$39.1M-$114.2M
Interest income$7.7M$8.1M$7.4M
Interest expense-$7.6M-$3.2M-$2.4M
Other income (expense), net-$5.9M$4.0M-$2.8M
Income (loss) before provision for income taxes$71.6M-$30.3M-$111.9M
Provision for income taxes$3.7M$6.7M$5.9M
Net income (loss)$67.9M-$37.0M-$117.8M
Basic (in dollars per share)$0.33-$0.19-$0.65
Diluted (in dollars per share)$0.31-$0.19-$0.65
Basic (in shares)205.8M shares194.6M shares180.8M shares
Diluted (in shares)217.6M shares194.6M shares180.8M shares

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Leadership

Who has led Remitly Global, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Matthew B. Oppenheimer2021–2026
  2. Sebastian J. Gunningham2026–now

Chief financial officer

  1. Susanna Morgan2021
  2. Hemanth Munipalli2022–2024

Chief operating officer

  1. Joshua Hug2021–2024
2025
Board members and other officers (20)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorLaurent B. Le Moal named Apr 29, 202433

Timeline

  1. Feb 23, 2026New chief executive Sebastian J. Gunningham becomes CEO11
  2. Sep 22, 2021New chief executive Matthew B. Oppenheimer becomes CEO12

Filings

672 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 42 major events, 425 insider forms, 30 large holders, 2 private raises, 153 other. The latest 20:

  1. Oct 8, 20264 EDGAR
  2. Oct 7, 2026144 EDGAR
  3. Oct 6, 2026144 EDGAR
  4. Sep 10, 20264 EDGAR
  5. Sep 9, 2026144 EDGAR
  6. Sep 8, 2026144 EDGAR
  7. Sep 4, 20264 EDGAR
  8. Aug 31, 20264 EDGAR
  9. Aug 28, 2026144 EDGAR
  10. Aug 26, 20264 EDGAR
  11. Aug 26, 20264 EDGAR
  12. Aug 26, 20264 EDGAR
  13. Aug 26, 20264 EDGAR
  14. Aug 25, 2026144 EDGAR
  15. Aug 19, 20264 EDGAR
  16. Aug 17, 20264 EDGAR
  17. Aug 13, 20264 EDGAR
  18. Aug 13, 20264 EDGAR
  19. Aug 12, 2026144 EDGAR
  20. Aug 12, 2026144 EDGAR

The 672 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

204 open-market trades by officers, directors and large owners since October 2021: 7 buys and 197 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 9, 2026Hug JoshuaDirectorSale5,500$24.30$133.7KForm 4
Sep 8, 2026Hug JoshuaDirectorSale5,500$25.03$137.7KForm 4
Sep 2, 2026MORRIS NIGEL WDirectorSale6,300$27.03$170.3KForm 4
Aug 28, 2026Sharma PankajChief Business OfficerSale21,000$26.39$554.2KForm 4
Aug 25, 2026Mehta Vikas DChief Financial OfficerSale25,000$26.15$653.8KForm 4
Aug 24, 2026MORRIS NIGEL WDirectorSale16,751$26.56$444.9KForm 4
Aug 18, 2026MORRIS NIGEL WDirectorSale3,249$26.53$86.2KForm 4
Aug 17, 2026MORRIS NIGEL WDirectorSale20,000$26.26$525.2KForm 4
Aug 14, 2026MORRIS NIGEL WDirectorSale20,000$26.20$524.0KForm 4
Aug 13, 2026MORRIS NIGEL WDirectorSale11,000$25.59$281.5KForm 4
Aug 12, 2026Hug JoshuaDirectorSale5,500$23.84$131.1KForm 4
Aug 12, 2026Riese Phillip JohnDirectorSale69,818$23.54$1.6MForm 4
Aug 11, 2026Hug JoshuaDirectorSale5,500$23.65$130.1KForm 4
Aug 11, 2026Riese Phillip JohnDirectorSale100,000$23.73$2.4MForm 4
Aug 7, 2026Riese Phillip JohnDirectorSale160,182$24.94$4.0MForm 4
Aug 7, 2026MORRIS NIGEL WDirectorSale8,938$25.43$227.3KForm 4
Jul 17, 2026Hug JoshuaDirectorSale5,500$24.11$132.6KForm 4
Jul 16, 2026Sharma PankajChief Business OfficerSale15,000$25.03$375.4KForm 4
Jul 16, 2026Hug JoshuaDirectorSale367,500$25.18$9.3MForm 4
Jul 15, 2026Hug JoshuaDirectorSale314,768$24.93$7.8MForm 4

All 204 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jan 5, 2023Raised $6.7 million in a private offering of equity Form D: $6.8 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC21,762,765$487.7M0.0%+11,026,661
BlackRock, Inc.18,328,953$410.8M0.0%+3,643,400
Baillie Gifford & Co12,383,664$277.5M0.3%+565,357
Vanguard Portfolio Management LLC10,319,076$231.3M0.0%+2,857,284
Goldman Sachs Group Inc8,525,927$191.1M0.0%+6,244,067
Vanguard Capital Management LLC7,994,715$179.2M0.0%+467,491
State Street Corp6,873,333$154.0M0.0%+2,992,769
Generation Investment Management Llp4,892,320$109.6M1.1%−2,800,000
Geode Capital Management, LLC4,762,237$106.7M0.0%+474,921
Marshall Wace, Llp4,757,532$106.6M0.1%−1,641,843
Divisadero Street Capital Management, LP3,719,086$83.3M1.9%+2,665,529
Dimensional Fund Advisors LP3,446,998$77.3M0.0%+310,710
Capital International Investors2,985,869$66.9M0.0%+349,324
Wellington Management Group Llp2,842,041$63.7M0.0%−62,592
Lead Edge Capital Management, LLC2,687,772$60.2M10.9%−1,084,183
Morgan Stanley2,427,814$54.4M0.0%+1,418,248
Arrowstreet Capital, Limited Partnership2,424,026$54.3M0.0%−2,313,445
D. E. Shaw & Co., Inc.2,221,147$49.8M0.0%−109,475
First Eagle Investment Management, LLC2,145,508$48.1M0.0%+1,314,054
Aqr Capital Management LLC2,004,231$44.9M0.0%+26,183
Fuller & Thaler Asset Management, Inc.1,978,792$44.3M0.1%+43,691
Northern Trust Corp1,924,119$43.1M0.0%+368,833
Nuveen, LLC1,812,472$40.6M0.0%+568,292
Charles Schwab Investment Management Inc1,671,105$37.4M0.0%+260,369
Oberweis Asset Management Inc/1,570,400$35.2M0.7%+116,100

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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