Filing Flows › Remitly Global (RELY) › Q2 2025
Remitly Global (RELY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Remitly Global (RELY) reported revenue of $412M for the second quarter 2025 (Q2 2025), +34% from a year earlier and +14% from the quarter before. Operating margin was 3.6%, net earnings $6.5M (1.6% of revenue).
Remitly Global, Q2 2025: revenue $412M (+34% year over year), operating margin 3.6%, net earnings $6.5M, operating cash flow $41.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $412M | +14% | +34% |
| Operating profit | $14.6M | +20% | — |
| Net earnings | $6.5M | -42% | — |
| Operating cash flow | $41.2M | -69% | -16% |
| Free cash flow | $28.6M | -76% | -40% |
What changed
Revenue was $411.9M in Q2 2025, up 34% year over year and up 14% from the previous quarter.
Operating profit was $14.6M, a 3.6% margin (up 8.7 points year over year). Total costs grew 23% against revenue growth of 34%. The fastest-growing cost line was Other operating costs (+33%). Net earnings were $6.5M. The effective tax rate was 19.4%.
Operating cash flow was $41.2M (down 16% year over year), 630% of net earnings. Non-cash charges added back $6.3M of depreciation and amortization and $38.1M of share-based compensation. Working capital and other items used $9.7M. Capital expenditures of $12.6M left free cash flow of $28.6M.
Questions
What was Remitly Global's revenue in the second quarter 2025?
Remitly Global (RELY) reported revenue of $412M for the second quarter 2025 (Q2 2025), +34% from a year earlier and +14% from the quarter before.
Was Remitly Global profitable in the second quarter 2025?
Operating profit was $14.6M (3.6% of revenue) and net earnings $6.5M.
Source: Remitly Global 10-Q on SEC EDGAR.