Filing Flows › Remitly Global (RELY) › Q1 2026
Remitly Global (RELY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Remitly Global (RELY) reported revenue of $453M for the first quarter 2026 (Q1 2026), +25% from a year earlier and +2% from the quarter before. Operating margin was 11.9%, net earnings $49.1M (10.8% of revenue).
Remitly Global, Q1 2026: revenue $453M (+25% year over year), operating margin 11.9%, net earnings $49.1M, operating cash flow $81.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $453M | +2% | +25% |
| Operating profit | $53.7M | +38% | +339% |
| Net earnings | $49.1M | +19% | +332% |
| Operating cash flow | $81.9M | -45% | +1% |
| Free cash flow | $72.7M | — | +8% |
What changed
Revenue was $452.8M in Q1 2026, up 25% year over year and up 2% from the previous quarter.
Operating profit was $53.7M, a 11.9% margin (up 8.5 points year over year). Of the extra revenue versus Q1 2025, 46% reached operating profit, above the 3% margin then. Total costs grew 14% against revenue growth of 25%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $49.1M, up 332% year over year. The effective tax rate was 5.8%.
Operating cash flow was $81.9M (up 1% year over year), 167% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization and $27.5M of share-based compensation. After purchases of property and equipment ($6.0M) and capitalized internal-use software costs ($3.2M), free cash flow as the company reports it was $72.7M.
Questions
What was Remitly Global's revenue in the first quarter 2026?
Remitly Global (RELY) reported revenue of $453M for the first quarter 2026 (Q1 2026), +25% from a year earlier and +2% from the quarter before.
Was Remitly Global profitable in the first quarter 2026?
Operating profit was $53.7M (11.9% of revenue) and net earnings $49.1M.
Source: Remitly Global 10-Q on SEC EDGAR.