Remitly Global (RELY) Interest Coverage Ratio (2020 - 2026)
Remitly Global (RELY) posted quarterly Interest Coverage Ratio of 1.23 for Q1 2026, down 86.96% year-over-year from 9.42 in Q1 2025, and down 91.94% quarter-over-quarter from 15.24 in Q4 2025.
Remitly Global (RELY) Interest Coverage Ratio (2020 - 2026) Analysis & Trends
Remitly Global (RELY) has reported Interest Coverage Ratio for 7 consecutive years, with 1.23 the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Coverage Ratio fell 86.96% year-over-year to 1.23; the TTM figure through Mar 2026 stood at 2.72 (up 399.62% YoY), while the FY2025 annual figure was 2.11, up 1180.99% from the prior year.
- Interest Coverage Ratio declined to 1.23 in Q1 2026 per RELY's latest filing, from 15.24 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 15.24 in Q4 2025 and bottomed at 30.3 in Q4 2023.
- Historically, Interest Coverage Ratio has averaged 2.91 across 5 years, with a median of 0.16 in 2023.
- Annual changes were most pronounced in 2024 — Interest Coverage Ratio slumped 21102.44% — and 2025, when it surged 2055.58%.
- Remitly Global's Interest Coverage Ratio stood at 6.54 in 2022, then plunged by 363.41% to 30.3 in 2023, then soared by 97.43% to 0.78 in 2024, then surged by 2055.58% to 15.24 in 2025, then plunged by 91.94% to 1.23 in 2026.
- Business Quant data shows RELY's Interest Coverage Ratio at 1.23 in Q1 2026, 15.24 in Q4 2025, and 5.57 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 9.60 |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 0.06 |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 4.26 |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -0.21 |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 9.17 |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -0.72 |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 0.15 |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 0.00 |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.33 |
| 10 | Remitly Global | 5.36 Bn | 4.68 Bn | 333.98 Mn | 0.97 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.97 |
| Mar 31, 2026 | 1.23 |
| Dec 31, 2025 | 15.24 |
| Sep 30, 2025 | 5.57 |
| Jun 30, 2025 | 4.72 |
| Mar 31, 2025 | 9.42 |
| Dec 31, 2024 | -0.78 |
| Sep 30, 2024 | 0.48 |
| Jun 30, 2024 | -21.16 |
| Mar 31, 2024 | -25.95 |
| Dec 31, 2023 | -30.30 |
| Sep 30, 2023 | -0.15 |
| Jun 30, 2023 | -0.10 |
| Mar 31, 2023 | -0.16 |
| Dec 31, 2022 | -6.54 |
| Sep 30, 2022 | -0.27 |
| Jun 30, 2022 | -0.48 |
| Mar 31, 2022 | -0.17 |
| Dec 31, 2021 | -6.36 |
| Sep 30, 2021 | -0.02 |