Remitly Global Inc
For the period ended Sep 30, 2024. Filed Oct 30, 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.
Sep 30, 2024 · Filed Oct 30, 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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $336,527 | $241,629 | $912,068 | $679,527 |
| Costs and expenses | ||||
| Transaction expenses(1) | 115,554 | 85,742 | 313,215 | 239,995 |
| Customer support and operations(1) | 21,792 | 21,190 | 61,910 | 62,604 |
| Marketing(1) | 74,792 | 61,351 | 219,862 | 159,074 |
| Technology and development(1) | 68,446 | 57,014 | 199,206 | 160,699 |
| General and administrative(1) | 50,920 | 49,817 | 140,982 | 130,715 |
| Depreciation and amortization | 4,655 | 3,418 | 12,240 | 9,634 |
| Total costs and expenses | 336,159 | 278,532 | 947,415 | 762,721 |
| Income (loss) from operations | 368 | (36,903) | (35,347) | (83,194) |
| Interest income | 2,065 | 1,808 | 6,233 | 5,200 |
| Interest expense | (760) | (585) | (2,274) | (1,566) |
| Other income (expense), net | 2,094 | 283 | 6,272 | (2,774) |
| Income (loss) before provision for income taxes | 3,767 | (35,397) | (25,116) | (82,334) |
| Provision for income taxes | 1,850 | 258 | 6,138 | 485 |
| Net income (loss) | $1,917 | $(35,655) | $(31,254) | $(82,819) |
| Net income (loss) per share attributable to common stockholders: | ||||
| Basic | $0.01 | $(0.20) | $(0.16) | $(0.46) |
| Diluted | $0.01 | $(0.20) | $(0.16) | $(0.46) |
| Weighted-average shares used in computing net income (loss) per share attributable to common stockholders: | ||||
| Basic | 196,169,417 | 182,598,013 | 193,167,942 | 178,956,602 |
| Diluted | 205,251,546 | 182,598,013 | 193,167,942 | 178,956,602 |
(1)Exclusive of depreciation and amortization, shown separately.
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