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Common Stock
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Common Stock Common Stock
As of June 30, 2026, the Company has authorized 725.0 million 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 six months ended June 30, 2026 and 2025.
Pledge 1% Stock Donation
In July 2021, the Company’s board of directors approved the reservation of up to 1.8 million 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 and six months ended June 30, 2026 and 2025, the Company donated 45,490 and 90,980 shares, respectively, of its common stock to the Remitly Foundation, a donor advised fund at Rockefeller Philanthropy Advisors.
For the three months ended June 30, 2026 and 2025, the Company recorded a charge of $1.0 million and $0.9 million, respectively. For the six months ended June 30, 2026 and 2025, the Company recorded a charge of $1.7 million and $1.9 million, respectively. These charges are recorded 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 six months ended June 30, 2026, in accordance with its share repurchase program, the Company repurchased and retired an aggregate 3.9 million shares of its common stock for $65.6 million, which was recorded to ‘Additional paid in capital’ on the Condensed Consolidated Balance Sheets. As of June 30, 2026, a total of $110.5 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 six months ended June 30, 2025.