Remitly Global (RELY) Interest Expenses (2020 - 2026)
Remitly Global (RELY) posted quarterly Interest Expenses of $43.7 million for Q1 2026, up 3267.9% year-over-year from $1.3 million in Q1 2025, and up 1617.67% quarter-over-quarter from $2.5 million in Q4 2025.
Remitly Global (RELY) Interest Expenses (2020 - 2026) Analysis & Trends
Remitly Global (RELY) has reported Interest Expenses for 7 consecutive years, with $43.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Expenses rose 3267.9% year-over-year to $43.7 million; the TTM figure through Mar 2026 stood at $43.7 million (up 475.49% YoY), while the FY2025 annual figure was $36.6 million, down 81.67% from the prior year.
- Interest Expenses grew to $43.7 million in Q1 2026 per RELY's latest filing, from $2.5 million in the prior quarter.
- Across five years, Interest Expenses topped out at $238.3 million in Q3 2023 and bottomed at $745000.0 in Q2 2024.
- Historically, Interest Expenses has averaged $59.6 million across 5 years, with a median of $3.5 million in 2022.
- Annual changes were most pronounced in 2022 — Interest Expenses jumped 51471.43% — and 2024, when it plunged 99.68%.
- Remitly Global's Interest Expenses stood at $3.5 million in 2022, then slumped by 70.75% to $1.0 million in 2023, then surged by 369.01% to $4.8 million in 2024, then tumbled by 46.92% to $2.5 million in 2025, then surged by 1617.67% to $43.7 million in 2026.
- Business Quant data shows RELY's Interest Expenses at $43.7 million in Q1 2026, $2.5 million in Q4 2025, and $2.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 4.23 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 15.96 Bn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 1.44 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 889.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 75.20 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 287.36 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.38 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 29.14 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 134.29 Mn |
| 10 | Remitly Global | 5.36 Bn | 4.68 Bn | 333.98 Mn | 68.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 68.46 Mn |
| Jun 30, 2026 | 68.46 Mn |
| Mar 31, 2026 | 43.75 Mn |
| Mar 31, 2026 | 43.75 Mn |
| Dec 31, 2025 | 2.55 Mn |
| Dec 31, 2025 | 2.55 Mn |
| Sep 30, 2025 | 2.12 Mn |
| Sep 30, 2025 | 2.12 Mn |
| Jun 30, 2025 | 3.10 Mn |
| Jun 30, 2025 | 3.10 Mn |
| Mar 31, 2025 | 1.30 Mn |
| Mar 31, 2025 | 1.30 Mn |
| Dec 31, 2024 | 4.80 Mn |
| Dec 31, 2024 | 4.80 Mn |
| Sep 30, 2024 | 760,000.00 |
| Sep 30, 2024 | 760,000.00 |
| Jun 30, 2024 | 745,000.00 |
| Jun 30, 2024 | 745,000.00 |
| Mar 31, 2024 | 769,000.00 |
| Mar 31, 2024 | 769,000.00 |