What does share repurchase authorization limit mean?

This represents the total dollar value or share count that the board of directors has authorized the company to spend on repurchasing its own common stock from the open market. It serves as a signal of management's confidence in the company's valuation and its commitment to returning capital to shareholders. This limit is an authorization, not an obligation to spend.

Remitly Global, Inc. RELY Share Repurchase Authorization Limit

Share Repurchase Authorization Limit at other companies

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$125M—

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$150M—

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 / equity0×0.0×

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:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1.

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 share repurchase authorization limit?: Remitly Global, Inc. (RELY) reported share repurchase authorization limit of $131.9M in Q1 2026.
What does share repurchase authorization limit mean?: This represents the total dollar value or share count that the board of directors has authorized the company to spend on repurchasing its own common stock from the open market. It serves as a signal of management's confidence in the company's valuation and its commitment to returning capital to shareholders. This limit is an authorization, not an obligation to spend.