Remitly Global (RELY) Cost of Revenue (2020 - 2026)
Remitly Global's (RELY) quarterly Cost of Revenue came in at $144.9 million in Q1 2026, up 549.46% year-on-year from $22.3 million in Q1 2025, and down 69.59% on a QoQ basis from $476.6 million in Q4 2025.
Remitly Global (RELY) Cost of Revenue (2020 - 2026) Analysis & Trends
Remitly Global (RELY) has 7 years of Cost of Revenue data on file, last reported at $144.9 million in Q1 2026.
- On a quarterly basis, Cost of Revenue rose 549.46% year-over-year to $144.9 million in Q1 2026; TTM through Mar 2026 was $791.7 million, a 1186.83% increase from a year earlier, with the FY2025 full-year figure at $549.5 million, up 563.94% from the prior year.
- Cost of Revenue for Q1 2026 stood at $144.9 million, down from $476.6 million in the prior quarter.
- Over the last five years, Cost of Revenue for RELY reached as high as $476.6 million in Q4 2025 and fell as low as -$230.5 million in Q4 2024.
- Historically, Cost of Revenue has averaged $73.1 million across 5 years, with a median of $26.4 million in 2025.
- Across the five-year window, Cost of Revenue surged 1503.97% in 2022 and sank 358.6% in 2024, its largest moves.
- Year by year, Cost of Revenue stood at $210.0 million in 2022, then sank by 57.55% to $89.1 million in 2023, then slumped by 358.6% to -$230.5 million in 2024, then jumped by 306.81% to $476.6 million in 2025, then sank by 69.59% to $144.9 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $144.9 million in Q1 2026, $476.6 million in Q4 2025, and $26.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 26.83 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 71.28 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | - |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 215.80 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 685.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 311.70 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 364.50 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 184.16 Mn |
| 10 | Remitly Global | 4.89 Bn | 4.24 Bn | 307.86 Mn | 144.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 144.94 Mn |
| Mar 31, 2026 | 144.94 Mn |
| Dec 31, 2025 | 476.61 Mn |
| Dec 31, 2025 | 476.61 Mn |
| Sep 30, 2025 | 26.39 Mn |
| Sep 30, 2025 | 26.39 Mn |
| Jun 30, 2025 | 143.76 Mn |
| Jun 30, 2025 | 143.76 Mn |
| Mar 31, 2025 | 22.32 Mn |
| Mar 31, 2025 | 22.32 Mn |
| Dec 31, 2024 | -230.46 Mn |
| Dec 31, 2024 | -230.46 Mn |
| Sep 30, 2024 | 115.55 Mn |
| Sep 30, 2024 | 115.55 Mn |
| Jun 30, 2024 | 19.74 Mn |
| Jun 30, 2024 | 19.74 Mn |
| Mar 31, 2024 | 19.77 Mn |
| Mar 31, 2024 | 19.77 Mn |
| Dec 31, 2023 | 89.12 Mn |
| Dec 31, 2023 | 89.12 Mn |