Remitly is trading at $26.37 (9.6%) up today after reporting strong second-quarter results and raising its full-year 2026 outlook.
- Revenue grew 20% year-over-year to $495.2 million, while net income reached $205.9 million, significantly boosted by a $140.6 million tax benefit.
- Management raised 2026 revenue and Adjusted EBITDA guidance, highlighting AI-driven efficiencies and continued margin expansion.
- The stock's performance reflects investor confidence in the company's ability to scale and achieve sustainable profitability.