New York, Feb 20, 2026, 08:48 EST — Premarket
- Remitly edged up roughly 0.2% ahead of the bell, after Thursday’s 25.9% surge.
- Sebastian Gunningham takes over as CEO, while co-founder Matt Oppenheimer will remain in the chairman role.
- Remitly is looking for revenue in the range of $1.94 billion to $1.96 billion for 2026. The company also said it’s anticipating positive GAAP net income.
Remitly Global edged up 0.2% to $17.18 ahead of the bell Friday, after the stock soared 25.9% in the previous session to close at $17.14. (Investing)
That shift spotlighted a subtler trend this quarter: investors circling fintechs that deliver profits and keep growth alive. Remitly, for its part, spent the past two sessions on precisely that—earnings, outlook, and a leadership switch.
Remitly’s fourth-quarter revenue jumped 26% to $442.2 million, with net income coming in at $41.2 million. Active customers were up 19%, hitting 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 metric. (GlobeNewswire)
Seattle-based Remitly said Sebastian J. Gunningham, previously a senior vice president at Amazon, will become CEO starting Feb. 19. He takes over from Oppenheimer, who stays on as chairman. “I’m grateful for the opportunity to step into the role of Remitly’s next CEO,” Gunningham said. (GlobeNewswire)
Remitly, in its latest earnings filing, is projecting 2026 revenue between $1.94 billion and $1.96 billion, with adjusted EBITDA seen landing in a $340 million to $360 million range. For the first quarter, the company outlined revenue of $436 million to $438 million and adjusted EBITDA of $82 million to $84 million. Remitly added that GAAP net income should be in the black for both the first quarter and across the full year. (SEC)
Now it’s up to investors to figure out if Thursday’s move was just a blip or signals a broader shift. Remitly has been looking past its bread-and-butter money transfer service, rolling out offerings like “send now, pay later” and business payments. The company has also mentioned plans to leverage stablecoins—crypto tokens that usually track fiat currencies—and AI as part of its platform strategy.
This is a tough space—price, speed, trust, all crucial. The minute one competitor grabs a bit more market share, the usual suspects, from old-school remittance firms to digital app challengers, jump in and react fast.
Still, the run-up narrows the margin for error. Signs of slower customer growth or another jump in compliance and fraud expenses could put pressure on the stock’s higher perch. The current guidance banks on continued platform scale, with no retreat on recent margin improvements.
The spotlight shifts to Remitly’s first-quarter results, giving investors their initial chance to gauge the company’s performance with Gunningham at the helm. Remitly is slated to release its next earnings report on May 6. (Investing)
