Remitly Global, Inc. (RELY) experienced a significant pre-market surge of 22.85%, driven by the release of its fourth quarter and full year 2025 financial results that substantially exceeded analyst expectations and the announcement of a new Chief Executive Officer.

The dramatic price movement was fueled by the company reporting quarterly earnings per share of $0.19, beating consensus estimates that ranged from $0.01 to $0.16. Revenue reached $442.18 million, surpassing the expected $427.27 million, while adjusted EBITDA soared to $88.6 million, nearly doubling year-over-year and well above the $51.4 million forecast. Remitly achieved its first full year of GAAP profitability, with Q4 net income of $41.2 million reversing a year-ago loss.

Additionally, the company announced the appointment of Sebastian J. Gunningham, a former senior executive at Amazon, as its new Chief Executive Officer effective immediately, with co-founder Matt Oppenheimer transitioning to Chairman of the Board. The company also provided optimistic 2026 guidance, forecasting revenue between $1.94 billion and $1.96 billion and positive GAAP net income, further boosting investor confidence.