RELY

• Principal FX risk arises on cross-border payments when exchange rates move between transaction initiation and same-day or next-day disbursement in currencies like the Indian rupee, Mexican peso, and Philippine peso.
• Prefunding of disbursement partners one to two business days in advance creates additional FX exposure, which is typically largest before long weekends.
• A hypothetical 10% shift in the U.S. dollar against currencies generating net income would have changed the fair value of non-functional-currency customer assets and liabilities by approximately $27.5 million as of June 30, 2026.
• International operations conducted in foreign currencies, notably in Canada, expose revenue and expenses to translation risk when the U.S. dollar strengthens against those currencies.
• The company mitigates FX risk by maintaining natural hedges between similarly denominated current assets and liabilities and by using derivatives to cover timing differences, not for speculation.
• Credit risk from pay-in and disbursement partners is managed through written agreements, credit reviews, and periodic monitoring of credit ratings, with no significant losses reported in the period.

In the normal course of business, the Company occasionally becomes involved in various legal proceedings. In the opinion of management, any liability from such proceedings would not have a material adverse effect on the business or financial condition of the Company. Refer to Note 15. Commitments and Contingencies within the notes to the condensed consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q for further details.

In addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the factors discussed in Part I, Item 1A, “Risk Factors,” in our Annual Report on Form 10-K for the year ended December 31, 2025, which could materially affect our business, financial condition, operating results, reputation, future prospects, or the trading price of the Company’s stock. These are not the only risks facing the Company. Additional risks and uncertainties that we are unaware of or that we deem immaterial may also become important factors that adversely affect our business.