New York, Feb 20, 2026, 08:48 EST — Premarket
- Remitly tacked on about 0.2% premarket, building on Thursday’s sharp 25.9% jump.
- Sebastian Gunningham steps in as CEO. Co-founder Matt Oppenheimer stays on as chairman.
- Remitly expects to bring in between $1.94 billion and $1.96 billion in revenue by 2026. The company is also projecting a move into positive GAAP net income.
Remitly Global added 0.2% premarket Friday, trading at $17.18, after a 25.9% jump the previous session that took the stock to $17.14 at the close.
This quarter’s undercurrent: investors are gravitating toward fintechs showing they can make money and still push for growth. Remitly has been right in the thick of it over the last two sessions, focused on earnings, its forward guidance, and a change at the top.
Remitly posted a 26% surge in fourth-quarter revenue, reaching $442.2 million, and booked net income of $41.2 million. Active customers climbed 19% to 9.3 million. “We exceed[ed] our guidance for both revenue and Adjusted EBITDA,” co-founder Matt Oppenheimer said. Adjusted EBITDA is a non-GAAP figure. GlobeNewswire
Remitly, based in Seattle, tapped Sebastian J. Gunningham—a former Amazon senior vice president—as its new CEO, moving him into the top job effective Feb. 19. He’s stepping in for Oppenheimer, who will remain chairman. “I’m grateful for the opportunity to step into the role of Remitly’s next CEO,” Gunningham said. GlobeNewswire
Remitly is forecasting 2026 revenue of $1.94 billion to $1.96 billion, according to its latest earnings filing. Adjusted EBITDA for that year is expected somewhere between $340 million and $360 million. Looking at the first quarter numbers, the company laid out revenue guidance of $436 million to $438 million, with adjusted EBITDA ranging from $82 million to $84 million. The company also said it expects to report GAAP net income in positive territory for both the first quarter and the full year.
So the question for investors: was Thursday’s action a one-off, or the start of something bigger? Remitly has been pushing beyond its core money transfer business, adding features like “send now, pay later” and payments for businesses. There’s also talk from the company about bringing stablecoins—crypto tokens pegged to fiat currencies—and AI into its broader platform play.
This business isn’t forgiving—price, speed, trust, they all matter. The second a rival edges up their market share, legacy remittance names and those scrappy app-based newcomers rush to respond.
Even so, the recent rally leaves little room for missteps. Any slowdown in customer growth—or a fresh rise in compliance and fraud costs—could challenge the stock’s elevated level. Management’s outlook counts on the platform’s ongoing expansion and holding onto those margin gains.
All eyes now turn to Remitly’s first-quarter numbers—these results will offer investors their first real look at how the business is faring with Gunningham in charge. The company’s slated to announce earnings on May 6.
