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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$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 rely:ResearchAndDevelopmentExpenseAdjusted.

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
Transaction expenses(161,174)(143,756)(306,114)(265,149)
Customer support and operations, excluding stock-based compensation expense(1)(26,222)(24,621)(52,724)(46,938)
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:

Item 1. Financial Statements (Unaudited)

FAQ

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 $58.11M in Q2 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 4.5% year-over-year, from $55.62M to $58.11M.
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.

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