Remitly Global, Inc. (NASDAQ: RELY) announced that Sebastian J. Gunningham will become its chief executive officer, effective February 19, 2026. Gunningham succeeds co‑founder Matt Oppenheimer, who will remain as chairman of the board. Oppenheimer, who has led Remitly for nearly 15 years, said, "Sebastian is the right leader to guide Remitly through its next chapter. He brings deep expertise in technology and financial services, along with a proven track record of leading innovative, high‑growth businesses at scale." Gunningham, a former senior vice president of Amazon’s payments business, added, "I've long admired Remitly's mission and the real difference it makes in people's lives. I'm grateful for the opportunity to step into the role of Remitly's next CEO. My experience includes leading product and engineering organizations at top companies, running complex businesses globally, and leading Amazon's payments business. These roles have equipped me to scale Remitly effectively in its next chapter."
Remitly reported fourth‑quarter 2025 results that beat expectations on both revenue and earnings. Total revenue rose to $442.2 million, up 25.7% year‑over‑year from $351.9 million in Q4 2024, and exceeded the consensus estimate of $427.3 million. GAAP earnings per share were $0.19, a 90% beat over the $0.10 consensus estimate and a $0.09 lift over the $0.10 estimate that some analysts had cited. The earnings beat was driven by disciplined cost control, operational leverage from higher transaction volumes, and a favorable mix shift toward higher‑margin business‑to‑business and high‑amount sender segments. Adjusted EBITDA for the quarter reached $88.6 million, a 20% margin that represents a 4‑percentage‑point expansion over the prior year, reflecting the company’s continued focus on AI‑driven efficiencies and disciplined marketing spend.
Management guided for a strong first quarter of 2026, projecting revenue of $436 million to $438 million, a slight upside to the $434 million to $436 million range previously disclosed. Full‑year 2026 revenue guidance was raised to $1.94 billion to $1.96 billion, up from the $1.90 billion to $1.92 billion range previously announced. Adjusted EBITDA guidance for the year was also increased, reflecting confidence in margin expansion and the continued rollout of AI‑enabled product features. The guidance signals management’s belief that the company’s product mix and cost discipline will sustain growth momentum while maintaining profitability.
Investors reacted positively to the earnings beat and the CEO transition. The market viewed the strong Q4 performance and the appointment of an experienced payments executive as a signal of continued growth and operational excellence. The announcement of higher 2026 revenue guidance further reinforced confidence in Remitly’s trajectory.
Remitly’s results underscore the company’s strategic pivot toward a diversified cross‑border financial services platform. The AI‑driven fraud prevention and operational efficiency initiatives have helped expand margins, while the launch of new product lines such as Remitly Business and Flex has broadened the customer base. The company also benefited from a 1% remittance tax on cash transfers, a tailwind that has increased transaction volumes. Headwinds include macro‑economic uncertainty and geopolitical volatility, but management remains optimistic that disciplined cost management and a focus on high‑value segments will offset these risks.
The CEO transition, strong earnings beat, and upward guidance collectively position Remitly for a robust growth trajectory in 2026 and beyond, reinforcing its status as a leading digital‑first remittance platform.
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