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Remitly Global, Inc. RELY Business Segments — Provision for income taxes

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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%

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:IncomeTaxExpenseBenefit.

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 business segments — provision for income taxes?
Remitly Global, Inc. (RELY) reported business segments — provision for income taxes of $3.02M in Q1 2026.
How has Remitly Global, Inc.'s business segments — provision for income taxes changed year-over-year?
Remitly Global, Inc.'s business segments — provision for income taxes decreased by 15.8% year-over-year, from $3.59M to $3.02M.
What is the long-term trend for Remitly Global, Inc.'s business segments — provision for income taxes?
Over 2 years (2022 to 2024), Remitly Global, Inc.'s business segments — provision for income taxes has grown at a 154.0% compound annual growth rate (CAGR), from $1.04M to $6.73M.
What does business segments — provision for income taxes mean?
This represents the estimated tax liability incurred by a business segment based on its taxable income for the period. It is essential for calculating the segment's net contribution to the company's overall bottom-line profitability.