Remitly — Feb 18, 2026 release

Remitly Business Send Now, Pay Later Wallet & Card • 10x TAM1 of core global money movement • >15K businesses on platform • Average transaction size ~2x consumer • ~120K Flex users in Q4 • Unit economics in line with expectations • Revenue nearly doubled sequentially • Key enabler of new product adoption • 60K+ wallets created 1. TAM based on estimates from FxC Intelligence New products revenue contribution expected to more than double in 2026 15   Feb 2026 / © 2026 Remitly Inc. Delivering operating efficiencies across the board 16 1. Revenue and Transaction expenses, the components of Revenue less Transaction Expenses (RLTE), are reported in our Consolidated Statements of Operations. Transaction expenses include fees paid to disbursement partners for paying funds to the recipients, provisions for transaction losses, and fees paid to payment processors for funding transactions, along with chargebacks, fraud prevention, fraud management tools, and compliance tools. 2. Operating expenses are non-GAAP measures. Please see reconciliation of non-GAAP measures to the most comparable GAAP measures in the Appendix. 4Q 25 Year-over-Year Change Performance Drivers RLTE as a % of Revenue1 RLTE • Lower transaction expenses, reflecting improved network economics • Record low transaction losses as a % of send volume Non-GAAP Operating Expenses as a % of Revenue2 Marketing • Focused approach to customer acquisition around peak holiday period • Brand marketing investments aiding word of mouth and unpaid acquisition CS • Product improvements driving lower contact rates • Increasing automation, including AI-driven v