Remitly — Feb 19, 2025 release

2025 Financial Outlook For fiscal year 2025, Remitly currently expects: • Total revenue in the range of $1.565 billion to $1.580 billion, representing a growth rate of 24% to 25% year over year. • GAAP net income to be positive for 2025 and for Adjusted EBITDA to be in the range of $180 million to $200 million. For the first quarter of 2025, Remitly currently expects: • Total revenue in the range of $345 million to $348 million, representing a growth rate of 28% to 29% year over year. • A GAAP net loss position for the first quarter of 2025 and for Adjusted EBITDA to be in the range of $36 million to $40 million. Reconciliation of GAAP to Non-GAAP Financial Measures A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this earnings release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.” We have not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) or to forecasted GAAP income (loss) before income taxes within this earnings release because we cannot, without unreasonable effort, calculate certain reconciling items with confidence due to the variability, complexity, and limited visibility of the adjusting items that would be excluded from forecasted Adjusted EBITDA. These items include, but are not limited to, income taxes and stock-based compensation expense, which are directly impacted by unpredictable fluctu