Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 150 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.

Remitly Global, Inc.

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Other

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Accounts Payable

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Customer Liabilities

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Accrued Expenses and Other Liabilities

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Operating Lease Liabilities

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Net Cash Provided by Operating Activities

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Purchases of Property and Equipment

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Capitalized Internal-Use Software Costs

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Cash Paid for Acquisition, Net of Acquired Cash, Cash Equivalents, and Restricted Cash

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Net Cash Provided by Investing Activities

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Proceeds from Exercise of Stock Options

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Proceeds from Issuance of Common Stock in Connection with ESPP

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Proceeds from Revolving Credit Facility Borrowings

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Repayments of Revolving Credit Facility Borrowings

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Taxes Paid Related to Net Share Settlement of Equity Awards

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Cash Paid for Settlement of Amounts Previously Held Back for Acquisition Consideration

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Repayment of Assumed Indebtedness

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Proceeds from Issuance of Common Stock Upon Initial Public Offering and Private Placements, Net of Offering Costs, Underwriting Discounts and Commissions

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Proceeds from Issuance of Common Stock Upon Initial Public Offering and Private Placements, Net of Offering Costs, Underwriting Discounts and Commissions Common Size

Repayment of Non-Recourse Promissory Note

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Proceeds from Issuance of Series E and F Convertible Preferred Stock, Net of Issuance Costs

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Payment of Debt Issuance Costs

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Proceeds from Revolving Credit Facility Borrowings, Net

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Net Cash Provided by Financing Activities

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Effect of Foreign Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash

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Net Increase in Cash, Cash Equivalents, and Restricted Cash

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Cash, Cash Equivalents, and Restricted Cash at Beginning of Period

Depreciation & Amortization

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Share-Based Compensation Expense

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Other Adjustments

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Changes in Trade Receivables

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Capital Expenditure

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Purchases of Intangible Assets

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Payments for Business Acquisitions

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Issuance of Short-Term Debt

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Revenue

EBIT

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Net Interest Income

Assets

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Net Revenue

Average Assets

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Adjusted Funds From Operations

Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23
Net Income	17.9	-3.8	-33.2	-70.7	-47.2
Net Income
Depreciation & Amortization	11.7	10.5	7.6	6.9	6.2
Depreciation and Amortization
Share-Based Compensation Expense	73.9	80.9	71.2	72.5	64.4
Stock-Based Compensation Expense, Net
Other Adjustments	6	5.9	3.1	5.9	4.6
Donation of Common Stock
Other
Operating Lease Right-of-Use Assets
Changes in Trade Receivables	-55.9	268.4	-82.1	-183.4	—
Customer Funds Receivable
Changes in Accounts Payable	4.4	-6.8	-14	17.4	10.2
Accounts Payable
Changes in Accrued Expenses	35.8	-30.1	15.6	51.6	-4.2
Accrued Expenses and Other Liabilities
Changes in Unearned Revenue	-5.1	23.4	-10.7	74.2	-12.5
Customer Liabilities
Changes in Other Operating Activities	85.3	-146	34.5	80.5	-130
Disbursement Prefunding
Prepaid Expenses and Other Assets
Operating Lease Liabilities
Cash from Operating Activities	174.1	202.4	-7.9	0.6	-54.2
Net Cash Provided by Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23
Capital Expenditure	-26.6	-3.9	-2.1	-1.3	-1.6
Purchases of Property and Equipment
Purchases of Intangible Assets	-6	-5.2	-6.5	-3.9	-2.3
Capitalized Internal-Use Software Costs
Payments for Business Acquisitions	—	—	—	—	-40.9
Cash Paid for Acquisition, Net of Acquired Cash, Cash Equivalents, and Restricted Cash
Cash from Investing Activities	-32.6	-9.1	-8.6	-5.2	-44.8
Net Cash Provided by Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23
Issuance of Short-Term Debt	2,493	883	570	430	334
Proceeds from Revolving Credit Facility Borrowings
Repayments of Short-Term Debt	-2,493	-898	-685	-334	-300
Repayments of Revolving Credit Facility Borrowings
Net Issuance / (Repayments) of Short-Term Debt	—	-15	-115	96	34
Repayments of Long-Term Debt	—	—	—	—	-17.1
Repayment of Assumed Indebtedness
Repayment of Non-Recourse Promissory Note
Net Issuance / (Repayments) of Long-Term Debt	—	—	—	—	-17.1
Issuance of Common Shares	10.3	8.9	9.2	9.4	11.1
Proceeds from Exercise of Stock Options
Proceeds from Issuance of Common Stock in Connection with ESPP
Proceeds from Issuance of Common Stock Upon Initial Public Offering and Private Placements, Net of Offering Costs, Underwriting Discounts and Commissions
Repurchases of Common Shares	-11.6	-2.7	-2.6	-4.6	-2.1
Taxes Paid Related to Net Share Settlement of Equity Awards
Net Issuance / (Repurchases) of Common Shares	-1.3	6.2	6.6	4.8	9
Issuance of Preferred Shares	—	—	—	—	—
Proceeds from Issuance of Series E and F Convertible Preferred Stock, Net of Issuance Costs
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—
Other Financing Activities	-2.6	—	-10.3	—	—
Cash Paid for Settlement of Amounts Previously Held Back for Acquisition Consideration
Payment of Debt Issuance Costs
Proceeds from Revolving Credit Facility Borrowings, Net
Cash from Financing Activities	-3.9	-8.8	-118.6	100.8	25.9
Net Cash Provided by Financing Activities

Free Cash Flow	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23
Free Cash Flow	147.5	198.5	-10	-0.7	-55.8
NOPAT	20.9	-9.4	-41	-73.8	-46.5
Levered Free Cash Flow	123.5	-171.8	-117.2	254.6	-162.1
Unlevered Free Cash Flow	126.5	-162.4	-10.1	155.4	-178.4
Net Change in Cash	137.6	184.5	-135.1	96.2	-73.2