Remitly Global First Quarter 2025 Earnings: Beats Expectations

Remitly Global (NASDAQ:RELY) First Quarter 2025 Results

Key Financial Results

• Revenue: US$361.6m (up 34% from 1Q 2024).
• Net income: US$11.4m (up from US$21.1m loss in 1Q 2024).
• Profit margin: 3.1% (up from net loss in 1Q 2024).
• EPS: US$0.056 (up from US$0.11 loss in 1Q 2024).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Remitly Global Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are up 19% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Remitly Global's balance sheet health.

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