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Common Stock | 3 Months Ended
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Mar. 31, 2026
Equity [Abstract] |
Common Stock | Common Stock As of March 31, 2026, the Company has authorized 725,000,000 shares of common stock with a par value of $0.0001 per share. Each holder of a share of common stock is entitled to one vote for each share held at all meetings of stockholders and is entitled to receive dividends whenever funds are legally available and when declared by the Company’s board of directors. No dividends have been declared or paid by the Company during the three months ended March 31, 2026 and 2025. Pledge 1% Stock Donation In July 2021, the Company’s board of directors approved the reservation of up to 1,819,609 shares of common stock that the Company may issue to or for the benefit of a 501(c)(3) nonprofit foundation or a similar charitable organization pursuant to the Company’s Pledge 1% commitment, in installments over ten years. During both of the three months ended March 31, 2026 and March 31, 2025, the Company donated 45,490 shares of its common stock to the Remitly Foundation, a donor advised fund at Rockefeller Philanthropy Advisors. For the three months ended March 31, 2026 and March 31, 2025, the Company recorded a charge of $0.8 million and $1.0 million, respectively, to ‘General and administrative expenses’ on the Condensed Consolidated Statements of Operations. Share Repurchase In July 2025, the Company’s board of directors approved a share repurchase program that provides for the repurchase of up to an aggregate $200.0 million of the Company’s outstanding common stock. The share repurchase program does not expire and may be suspended, discontinued, or modified at any time without notice, at the Company’s discretion. Any share repurchases under the Company’s share repurchase program may be made through open market transactions, in privately negotiated transactions, or by other means, including through the use of trading plans intended to qualify under 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions. During the three months ended March 31, 2026, in accordance with its share repurchase program, the Company repurchased and retired an aggregate 2,770,428 shares of its common stock for $44.2 million, which was recorded to ‘Additional paid in capital’ on the Condensed Consolidated Balance Sheets. As of March 31, 2026, a total of $131.9 million remained available for future repurchases of the Company’s common stock under the share repurchase program. There were no share repurchases completed during the three months ended March 31, 2025.

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