Real Industry Stock Earnings Reports

Remitly delivered a strong Q1 2026: revenue of $453M (up 25% YoY) and adjusted EBITDA of $102M (record, >$100M for first time), both above guidance. Send volume grew 37% to $22.1B; quarterly active users rose 20% to 9.6M. Management highlighted durable strengths: trust, network breadth, operating scale, and disciplined cost/capital allocation (including ~2.8M shares repurchased for $44M in Q1 and ~$650M cash on hand). Growth accelerators (high-value senders, business customers, receivers, and new Borrow/Spend/Save products) are gaining traction—high-value sender volume +73% YoY and Remitly Business scaling with >20k users. Product progress: wallet and card pilots (Send Now, Pay Later via card-first approach), integrations with WhatsApp and ChatGPT, FedNow/RTP access, and greater stablecoin use in select corridors. Management emphasized embedding AI across the company to drive cost savings, speed of product development, and personalization (risk/fraud reduction already improved transaction loss rates). Expense discipline continued: marketing efficiencies, headcount reductions and redeployments, tech expense growth well below revenue growth, and stock-based comp down as % of revenue. Guidance: Q2 revenue $483–485M (17–18% growth); full-year revenue $1.96–1.975B (20–21% growth); full-year adjusted EBITDA $370–385M (~19% margin). Management expects accelerating growth in H2 2026, continued margin expansion (~250 bps YoY), positive GAAP net income each quarter, and growing free cash flow.