10-Q · May 6, 2026
Remitly's Q1 2026 results demonstrate robust growth with revenue rising to $452.8 million, up 25% year-over-year, while net income surged by 332% to $49.1 million. Active customers increased by 20% to approximately 9.6…
Earnings analysis · 10-Q
RELY earnings analysis
Filed November 4, 2026 · Our reading of the company's report
The latest report
The supplied 10-Q extract does not contain the financial statements or MD&A, so quarterly revenue, margins, EPS, cash flow, balance-sheet trends, segment results, and quantitative guidance cannot be independently…
Read full summary
The supplied 10-Q extract does not contain the financial statements or MD&A, so quarterly revenue, margins, EPS, cash flow, balance-sheet trends, segment results, and quantitative guidance cannot be independently reported from the filing text provided. Risk disclosures highlight meaningful currency sensitivity, with a 10% dollar move affecting approximately $36.4 million of transaction-related assets and liabilities, while the company expanded its repurchase authorization to $500.0 million. Controls were effective and management reported no significant credit losses during the periods presented.
What stood out
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Effective disclosure controls
Management concluded that disclosure controls and procedures were effective at a reasonable assurance level as of September 30, 2026.
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No significant credit or FX losses
The company reported no significant credit losses during the periods presented and stated that its foreign-exchange contracts had no material impact on operations in the period.
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FX risk mitigation in place
The company uses natural hedges and derivatives to reduce foreign-currency exposure and does not use derivatives for trading or speculative purposes.
What to watch
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Material foreign-exchange exposure
A hypothetical 10% strengthening or weakening of the U.S. dollar would have changed the fair value of customer transaction-related assets and liabilities by approximately $36.4 million as of September 30, 2026, versus $37.9 million as of December 31, 2025.
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Expanded repurchase commitment
The board increased the share-repurchase authorization by $300.0 million, from $200.0 million to $500.0 million. The company repurchased 612 thousand shares during the quarter, leaving approximately $96.094 million available under the program at September 30, 2026.
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Counterparty and prefunding risk
The company prefunds many disbursement partners one to two business days in advance and remains exposed to credit risk if pay-in or disbursement partners fail to deliver or disburse funds; the filing states that no significant losses occurred during the periods presented.
Management's outlook
The provided 10-Q extract does not include MD&A outlook or quantitative guidance. FY2026 and Q4 outlook was provided in the November 4, 2026 8-K/earnings materials, not in the supplied 10-Q text.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.