Key Highlights

  • Revenue was USD 509.84 million against an estimate of USD 507.31 million and USD 419.49 million a year earlier.
  • EPS of USD 0.30 compares with an estimate of USD 0.15, and Net Income was USD 67.55 million.
  • Send Volume was USD 24.4 billion, and active customers reached 10.3 million, an increase the company stated as 17%.
  • The repurchase authorization rose to USD 500 million, and the revolving Credit commitment rose to USD 1.0 billion in October.

Remitly Global, Inc. (NASDAQ:RELY) made two Capital decisions in the weeks around its third quarter report. On October 26, 2026 it increased its revolving credit commitment from USD 550.0 million to USD 1.0 billion, and on October 28 its board raised the share repurchase authorization by USD 300.0 million to USD 500.0 million. Third quarter Revenue was USD 509.84 million.

How the October Decisions Fit the Quarter

The amendment to the 2025 Revolving Credit Facility also lifts the letter of credit sub-facility from USD 200.0 million to USD 400.0 million. The company uses the facility to support customer transaction volumes during peak periods and weekends, with borrowings averaging about four days. In the first nine months it borrowed USD 8.5 billion and repaid USD 8.6 billion, and it had no outstanding borrowings at September 30, with unused capacity of USD 468.5 million.

On repurchases, the company bought back USD 80.0 million of common stock in open market transactions during the nine months under the program approved in July 2025. The new total of USD 500.0 million replaces the earlier USD 200.0 million.

Results Around the Events

Revenue rose 22% from USD 419.49 million, which the company tied to a 17% increase in active customers, continued retention of existing customers, higher send volume from high-amount senders and a mix shift toward digital disbursements. Send volume was USD 24.4 billion against USD 19.5 billion. Active customers were 10.343 million against 8.856 million.

Income from operations was USD 69.40 million against USD 11.78 million. Transaction expenses were USD 162.43 million, or 32% of revenue against 35% a year earlier, a change the company linked to network efficiencies. Marketing expenses were USD 103.97 million against USD 91.78 million, with Advertising expense higher by USD 17.2 million. Technology and development expense was USD 80.10 million against USD 80.42 million, and general and administrative expense was USD 59.40 million against USD 55.97 million.

Net income was USD 67.55 million against USD 8.83 million. Diluted EPS was USD 0.30 against USD 0.04, and basic EPS was USD 0.32. Adjusted EBITDA was USD 120.80 million against USD 61.18 million. Nine-month net income of USD 322.51 million includes a USD 136.5 million discrete tax benefit from releasing the valuation allowance on U.S. deferred tax Assets in the second quarter.

Cash and Capital Position

Cash and cash equivalents were USD 669.1 million at September 30, against USD 542.4 million at year end 2025. Net cash provided by Operating Activities was USD 309.5 million over nine months, against USD 225.2 million. Restructuring and other costs were USD 17.9 million over nine months, covering termination benefits and Lease exit costs. Management said cash and the revolving facility cover Working Capital for at least the next twelve months.

Dates and Milestones Named

Revenue of USD 509.84 million sits alongside net income of USD 67.55 million, cash of USD 669.1 million and send volume of USD 24.4 billion. The dated items the company named are the October 26 credit facility amendment, the October 28 repurchase authorization increase, and the July 2025 approval of the original USD 200.0 million program. Management also said it is moving its marketing engine from a single-product Acquisition model toward an AI-powered system aimed at multi-product engagement, and that it serves high-amount senders, businesses and receivers across more than 5,700 corridors.