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Remitly Global, Inc. RELY Noncash lease expense

Noncash lease expense at other companies

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UiPathPATH
$3.02M-28.0%
Remitly Global, Inc. logo
Remitly Global, Inc.RELY
$765K-20.2%
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$47K
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Apogee Therapeutics, Inc.APGE
$980K+14.4%
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DT MidstreamDTM
$4M0.0%
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RepligenRGEN
$4.78M+6.5%

Other financials

Income statement

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Revenue$452.8M+25.2%
Operating income$53.7M+339%
Net income$49.1M+332%
EPS (diluted)$0.23+360%

Balance sheet

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Cash & equivalents$650.7M+31.3%
Total debt$39.3M+85.0%
Total equity$907.4M+25.4%
Total assets$1.4B+25.9%

Cash flow

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Operating cash flow$81.9M+1.4%
CapEx$6.0M-43.6%
Free cash flow$75.9M+8.2%

Valuation

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Market cap$4.44B-20.9%
Enterprise value$3.83B-27.3%
P/E42.1×
P/S2.6×-1.6×

Profitability

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Operating margin6.9%+6.4pp
Net margin6.1%+5.8pp
FCF margin17.5%

Returns & leverage

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Return on equity13%+12.3pp
Debt / equity0.0×
Current ratio2.8×+0.1×

Where this comes from

Reported directly by Remitly Global, Inc. in its filing.

Tagged under the XBRL concept us-gaap:NoncashContributionExpense.

The official record: Remitly Global, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Remitly Global, Inc.'s noncash lease expense?
Remitly Global, Inc. (RELY) reported noncash lease expense of $765K in Q1 2026.
How has Remitly Global, Inc.'s noncash lease expense changed year-over-year?
Remitly Global, Inc.'s noncash lease expense decreased by 20.2% year-over-year, from $959K to $765K.
What does noncash lease expense mean?
This represents the non-cash portion of lease expenses recognized during the period, typically associated with the amortization of right-of-use assets. It is added back to net income in the operating cash flow section because it does not represent a direct cash outflow. Monitoring this helps analysts distinguish between actual cash lease payments and accounting-driven lease expenses.