Remitly Global, Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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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, 2025 · Filed Nov 5, 2025
RELY$23.48-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows for the and
Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net income (loss) | $26,717 | $(31,254) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation, amortization, and other | 25,415 | 12,539 |
| Stock-based compensation expense, net | 113,832 | 110,523 |
| Donation of common stock | 2,724 | 2,587 |
| Changes in operating assets and liabilities: | ||
| Disbursement prefunding | 43,094 | (23,795) |
| Customer funds receivable | (100,656) | 100,539 |
| Prepaid expenses and other assets | (2,962) | (6,787) |
| Operating lease right-of-use assets | 4,810 | 4,475 |
| Accounts payable | 16,156 | (18,285) |
| Customer liabilities | 21,721 | 16,811 |
| Accrued expenses and other liabilities | 11,249 | (23,521) |
| Operating lease liabilities | 13,364 | (4,982) |
| Net cash provided by operating activities | 175,464 | 138,850 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (23,070) | (3,192) |
| Capitalized internal-use software costs | (9,338) | (9,288) |
| Net collections (originations) from consumer receivables | (19,174) | — |
| Net cash used in investing activities | (51,582) | (12,480) |
| Cash flows from financing activities | ||
| Proceeds from exercise of stock options | 6,215 | 5,754 |
| Proceeds from issuance of common stock in connection with ESPP | 11,147 | 9,382 |
| Cash paid for repurchase of common stock | (11,876) | — |
| Proceeds from revolving credit facility borrowings | 4,104,000 | 863,000 |
| Repayments of revolving credit facility borrowings | (4,104,000) | (993,000) |
| Taxes paid related to net share settlement of equity awards | (26,111) | (3,774) |
| Cash paid for settlement of amounts previously held back for acquisition consideration | — | (10,261) |
| Payment of debt issuance costs | (3,078) | — |
| Net cash used in financing activities | (23,703) | (128,899) |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | 8,467 | 3,941 |
| Net increase in cash, cash equivalents, and restricted cash | 108,646 | 1,412 |
| Cash, cash equivalents, and restricted cash at beginning of period | 369,817 | 325,029 |
| Cash, cash equivalents, and restricted cash at end of period | $478,463 | $326,441 |
| Reconciliation of cash, cash equivalents, and restricted cash | ||
| Cash and cash equivalents | $476,896 | $324,434 |
| Restricted cash included in prepaid expenses and other current assets | 584 | 1,034 |
| Restricted cash included in other noncurrent assets, net | 983 | 973 |
| Total cash, cash equivalents, and restricted cash | $478,463 | $326,441 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.