Remitly Global (RELY) Interest Coverage Ratio (2020 - 2026)
Remitly Global's (RELY) quarterly Interest Coverage Ratio came in at 0.8 in Q2 2026, up 251.34% year-over-year from 0.23 in Q2 2025, and up 2.71% quarter-over-quarter from 0.78 in Q1 2026.
Analysis
Remitly Global (RELY) Interest Coverage Ratio (2020 - 2026) Analysis & Trends
Remitly Global (RELY) has reported Interest Coverage Ratio for 7 consecutive years, with 0.8 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Interest Coverage Ratio rose 251.34% year-over-year to 0.8 in Q2 2026; TTM through Jun 2026 was 0.59, a 489.73% increase from a year earlier, with the FY2025 full-year figure at 0.3, up 275.12% from the prior year.
- Interest Coverage Ratio was 0.8 for Q2 2026 at Remitly Global, up from 0.78 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 0.8 in Q2 2026 and troughed at 1.09 in Q2 2022.
- A 5-year average of 0.22 and a median of 0.33 in 2024 frame the typical range for Interest Coverage Ratio.
- Across the five-year window, Interest Coverage Ratio tumbled 1137.85% in 2022 and jumped 2414.17% in 2025, its largest moves.
- Over 5 years, Interest Coverage Ratio stood at 0.67 in 2022, then increased by 20.02% to 0.54 in 2023, then jumped by 88.81% to 0.06 in 2024, then jumped by 1058.14% to 0.58 in 2025, then jumped by 38.71% to 0.8 in 2026.
- The last three Interest Coverage Ratio figures came in at 0.8 (Q2 2026), 0.78 (Q1 2026), and 0.58 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Wise | 12.70 Bn | 12.70 Bn | - | - |
| 2 | Remitly Global | 5.24 Bn | 4.56 Bn | 333.98 Mn | 0.80 |
| 3 | Western Union | 2.20 Bn | 1.28 Bn | 336.50 Mn | 3.34 |
| 4 | International Money Express | 433.73 Mn | 283.10 Mn | - | 3.77 |
| 5 | Currenc | 223.76 Mn | 145.13 Mn | 3.70 Mn | -1.26 |
| 6 | Sentage Holdings | 4.77 Mn | 4.77 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.80 |
| Mar 31, 2026 | 0.78 |
| Dec 31, 2025 | 0.58 |
| Sep 30, 2025 | 0.17 |
| Jun 30, 2025 | 0.23 |
| Mar 31, 2025 | 0.23 |
| Dec 31, 2024 | -0.06 |
| Sep 30, 2024 | 0.01 |
| Jun 30, 2024 | -0.28 |
| Mar 31, 2024 | -0.39 |
| Dec 31, 2023 | -0.54 |
| Sep 30, 2023 | -0.76 |
| Jun 30, 2023 | -0.45 |
| Mar 31, 2023 | -0.81 |
| Dec 31, 2022 | -0.67 |
| Sep 30, 2022 | -1.03 |
| Jun 30, 2022 | -1.09 |
| Mar 31, 2022 | -0.67 |
| Dec 31, 2021 | -0.50 |
| Sep 30, 2021 | -0.49 |