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Remitly Global, Inc. RELY Business Segments — Advertising expense

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Other financials

Income statement

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Revenue$495.2M+20.2%
Operating income$66.7M+355%
Net income$205.9M+3,050%
EPS (diluted)$0.93+3,000%

Balance sheet

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Cash & equivalents$678.1M+31.0%
Total debt$38.3M+18.2%
Total equity$1.1B+47.3%
Total assets$1.6B+34.4%

Cash flow

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Operating cash flow$134.6M+146%
CapEx$1.2M-85.0%
Free cash flow$133.4M+185%

Valuation

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Market cap$5.46B+62.6%
Enterprise value$4.82B+67.8%
P/E17.9×-221×
P/S+0.7×

Profitability

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Operating margin9.5%+7.8pp
Net margin16.9%+15.9pp
FCF margin21.4%

Returns & leverage

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Return on equity32.2%+30.1pp
Debt / equity0.0×
Current ratio3.2×+0.3×

Where this comes from

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

Tagged under the XBRL concept us-gaap:AdvertisingExpense.

The source filing: Remitly Global, Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:36 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053424
(in thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Marketing, excluding stock-based compensation expense and advertising expense(1)(2)(15,244)(15,685)(30,262)(31,398)
Technology and development, excluding stock-based compensation expense(1)(58,110)(55,623)(120,555)(108,237)
General and administrative, excluding stock-based compensation expense(1)(43,313)(48,588)(90,564)(91,245)
Advertising expense(83,614)(64,544)(152,785)(118,053)
Stock-based compensation expense, net(34,491)(38,066)(62,027)(73,858)
Other segment disclosures:
Depreciation and amortization(6,307)(6,326)(12,506)(11,722)
Interest income1,4852,0613,1383,848

Item 1. Financial Statements (Unaudited)

FAQ

What is Remitly Global, Inc.'s business segments — advertising expense?
Remitly Global, Inc. (RELY) reported business segments — advertising expense of $83.61M in Q2 2026.
How has Remitly Global, Inc.'s business segments — advertising expense changed year-over-year?
Remitly Global, Inc.'s business segments — advertising expense increased by 29.5% year-over-year, from $64.54M to $83.61M.
What is the long-term trend for Remitly Global, Inc.'s business segments — advertising expense?
Over 3 years (2022 to 2025), Remitly Global, Inc.'s business segments — advertising expense has grown at a 22.4% compound annual growth rate (CAGR), from $139.28M to $255.1M.
What does business segments — advertising expense mean?
This reflects the total cash expenditure allocated to advertising campaigns intended to drive user growth and transaction volume within a specific segment. It is a critical component of the customer acquisition cost analysis for the business.

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