Remitly Global Inc
For the period ended Jun 30, 2024. Filed Jul 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 31, 2024
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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Condensed Consolidated Statements of Operations for the and
Condensed Consolidated Statements of Operations
(In thousands, except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $306,423 | $234,033 | $575,541 | $437,898 |
| Costs and expenses | ||||
| Transaction expenses(1) | 107,780 | 80,187 | 197,661 | 154,253 |
| Customer support and operations(1) | 19,999 | 21,483 | 40,118 | 41,414 |
| Marketing(1) | 77,056 | 53,600 | 145,070 | 97,723 |
| Technology and development(1) | 67,554 | 54,309 | 130,760 | 103,685 |
| General and administrative(1) | 45,889 | 39,490 | 90,062 | 80,898 |
| Depreciation and amortization | 3,907 | 3,187 | 7,585 | 6,216 |
| Total costs and expenses | 322,185 | 252,256 | 611,256 | 484,189 |
| Loss from operations | (15,762) | (18,223) | (35,715) | (46,291) |
| Interest income | 1,942 | 1,368 | 4,168 | 3,392 |
| Interest expense | (745) | (592) | (1,514) | (981) |
| Other income (expense), net | 5,764 | (1,546) | 4,178 | (3,057) |
| Loss before provision (benefit) for income taxes | (8,801) | (18,993) | (28,883) | (46,937) |
| Provision (benefit) for income taxes | 3,290 | (143) | 4,288 | 227 |
| Net loss | $(12,091) | $(18,850) | $(33,171) | $(47,164) |
| Net loss per share attributable to common stockholders: | ||||
| Basic and diluted | $(0.06) | $(0.11) | $(0.17) | $(0.27) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders: | ||||
| Basic and diluted | 193,452,628 | 179,076,496 | 191,650,713 | 177,105,720 |
(1)Exclusive of depreciation and amortization, shown separately.
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