Remitly Global, Inc.
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
RELY$23.48-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities | |||
| Net income (loss) | $67,933 | $(36,978) | $(117,840) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation, amortization, and other | 46,761 | 16,473 | 13,695 |
| Stock-based compensation expense, net | 155,114 | 152,137 | 136,967 |
| Donation of common stock | 3,336 | 2,587 | 4,600 |
| Changes in operating assets and liabilities: | |||
| Prepaid expenses and other assets | (2,477) | (12,224) | (13,035) |
| Operating lease right-of-use assets | 5,467 | 5,981 | 5,186 |
| Accounts payable | 10,058 | (20,823) | 27,559 |
| Accrued expenses and other liabilities | 23,840 | 10,584 | 14,407 |
| Operating lease liabilities | 15,050 | (6,141) | (4,733) |
| Net cash provided by operating activities | 325,082 | 111,596 | 66,806 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (29,431) | (5,998) | (2,857) |
| Capitalized internal-use software costs | (12,389) | (11,704) | (6,247) |
| Net collections (originations) from consumer receivables | (28,114) | (2,184) | — |
| Cash paid for acquisition, net of acquired cash, cash equivalents, and restricted cash | — | — | (40,933) |
| Net cash used in investing activities | (69,934) | (19,886) | (50,037) |
| Cash flows from financing activities | |||
| Proceeds from exercise of stock options | 6,662 | 8,667 | 14,288 |
| Proceeds from issuance of common stock in connection with ESPP | 11,147 | 9,382 | 6,132 |
| Cash paid for repurchase of common stock | (23,894) | — | — |
| Proceeds from revolving credit facility borrowings | 6,811,000 | 1,453,000 | 764,000 |
| Repayments of revolving credit facility borrowings | (6,656,000) | (1,583,000) | (634,000) |
| Taxes paid related to net share settlement of equity awards | (26,909) | (5,228) | (6,702) |
| Net change in customer funds assets and liabilities | (208,708) | 85,073 | (120,396) |
| Cash paid for settlement of amounts previously held back for acquisition consideration | — | (10,261) | — |
| Payment of debt issuance costs | (3,078) | — | — |
| Repayment of assumed indebtedness | — | — | (17,068) |
| Net cash (used in) provided by financing activities | (89,780) | (42,367) | 6,254 |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | 9,114 | (4,555) | 1,272 |
| Net increase in cash, cash equivalents, and restricted cash | 174,482 | 44,788 | 24,295 |
| Cash, cash equivalents, and restricted cash at beginning of period | 369,817 | 325,029 | 300,734 |
| Cash, cash equivalents, and restricted cash at end of period | $544,299 | $369,817 | $325,029 |
| Reconciliation of cash, cash equivalents, and restricted cash | |||
| Cash and cash equivalents | $542,426 | $368,097 | $323,710 |
| Restricted cash included in prepaid expenses and other current assets | 883 | 658 | 774 |
| Restricted cash included in other noncurrent assets, net | 990 | 1,062 | 545 |
| Total cash, cash equivalents, and restricted cash | $544,299 | $369,817 | $325,029 |
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