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
DateValue
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