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Remitly Global, Inc. RELY Business Segments — Research and Development Expense, Adjusted

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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 rely:ResearchAndDevelopmentExpenseAdjusted.

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 — research and development expense, adjusted?
Remitly Global, Inc. (RELY) reported business segments — research and development expense, adjusted of $62.45M in Q1 2026.
How has Remitly Global, Inc.'s business segments — research and development expense, adjusted changed year-over-year?
Remitly Global, Inc.'s business segments — research and development expense, adjusted increased by 18.7% year-over-year, from $52.61M to $62.45M.
What is the long-term trend for Remitly Global, Inc.'s business segments — research and development expense, adjusted?
Over 3 years (2022 to 2025), Remitly Global, Inc.'s business segments — research and development expense, adjusted has grown at a 33.7% compound annual growth rate (CAGR), from $92.3M to $220.75M.
What does business segments — research and development expense, adjusted mean?
This metric tracks the adjusted expenditures dedicated to the innovation, maintenance, and enhancement of the segment's digital financial platforms. It reflects the company's commitment to technological advancement and long-term competitive positioning in the cross-border payment space.