Remitly Global, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 4, 2026, reporting significant changes to its balance sheet including the elimination of long-term debt and a substantial reduction in accumulated deficit.

Key Highlights

  • Shares outstanding: As of November 2, 2026, the registrant had 214,012,570 shares of common stock, $0.0001 par value per share, outstanding.
  • Long-term debt retired: Long-term debt was $0 as of September 30, 2026, compared to $155,000 thousand as of December 31, 2025, according to the filing.
  • Accumulated deficit reduced: Accumulated deficit stood at $(137,834) thousand as of September 30, 2026, compared to $(460,348) thousand as of December 31, 2025.
  • Total assets increased: Total assets were reported at $1,653,306 thousand as of September 30, 2026, up from $1,458,713 thousand as of December 31, 2025.
  • Total stockholders' equity grew: Total stockholders' equity was $1,226,414 thousand as of September 30, 2026, compared to $868,789 thousand as of December 31, 2025.
  • Cash and cash equivalents: Cash and cash equivalents were $669,082 thousand as of September 30, 2026, up from $542,426 thousand at year-end 2025.
  • Large accelerated filer: The registrant indicated it qualifies as a large accelerated filer as of this filing.

Remitly Global's Balance Sheet Position as of September 30, 2026

Remitly Global, Inc. (NASDAQ:RELY), a Delaware-incorporated company classified under SIC code 7372 and headquartered at 401 Union Street, Suite 1000, Seattle, WA, provides digital financial services. According to the quarterly filing, the company's condensed consolidated balance sheet as of September 30, 2026 showed total assets of $1,653,306 thousand, rising from $1,458,713 thousand at December 31, 2025. Current assets were $1,372,372 thousand, with cash and cash equivalents of $669,082 thousand and disbursement prefunding of $287,434 thousand among the components reported.

The filing disclosed that long-term debt fell to $0 as of September 30, 2026, from $155,000 thousand at December 31, 2025. Total liabilities decreased to $426,892 thousand from $589,924 thousand over the same period. The accumulated deficit narrowed to $(137,834) thousand from $(460,348) thousand, and total stockholders' equity grew to $1,226,414 thousand from $868,789 thousand, according to the condensed consolidated balance sheets included in the filing. Common stock remained at a par value of $0.0001, with 725,000 thousand shares authorized and 214,013 thousand shares issued and outstanding as of September 30, 2026.

The filing noted that it contains forward-looking statements subject to risks and uncertainties, including those related to revenue, customer acquisition and retention, regulatory developments, geopolitical and macroeconomic conditions, and the company's stock repurchase program. The company stated it undertakes no obligation to update forward-looking statements except as required by law.

What Was Disclosed

Remitly Global filed its Form 10-Q for the period ended September 30, 2026, disclosing balance sheet data showing the elimination of long-term debt, a reduced accumulated deficit, higher total assets, and increased stockholders' equity relative to December 31, 2025.