Remitly Global (RELY) Cost of Revenue (2020 - 2026)
Remitly Global (RELY) posted quarterly Cost of Revenue of $144.9 million for Q1 2026, up 549.46% year-over-year from $22.3 million in Q1 2025, and down 69.59% quarter-over-quarter from $476.6 million in Q4 2025.
Remitly Global (RELY) Cost of Revenue (2020 - 2026) Analysis & Trends
Remitly Global (RELY) has reported Cost of Revenue for 7 consecutive years, with $144.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue rose 549.46% year-over-year to $144.9 million; the TTM figure through Mar 2026 stood at $791.7 million (up 1186.83% YoY), while the FY2025 annual figure was $549.5 million, up 563.94% from the prior year.
- Cost of Revenue eased to $144.9 million in Q1 2026 per RELY's latest filing, from $476.6 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $476.6 million in Q4 2025 and bottomed at -$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.
- Annual changes were most pronounced in 2022 — Cost of Revenue jumped 1503.97% — and 2024, when it tumbled 358.6%.
- Remitly Global's 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 surged by 306.81% to $476.6 million in 2025, then sank by 69.59% to $144.9 million in 2026.
- Business Quant data shows RELY's Cost of Revenue at $144.9 million in Q1 2026, $476.6 million in Q4 2025, and $26.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | Remitly Global | 5.36 Bn | 4.68 Bn | 333.98 Mn | 161.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 161.17 Mn |
| Jun 30, 2026 | 161.17 Mn |
| 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 |