Remitly Global (RELY) Tax Provisions (2020 - 2026)
Remitly Global (RELY) reported Tax Provisions of $3.0 million for Q1 2026, down 15.82% year-over-year from $3.6 million in Q1 2025, and up 159.64% quarter-over-quarter from -$5.1 million in Q4 2025.
Remitly Global (RELY) Tax Provisions (2020 - 2026) Analysis & Trends
Remitly Global (RELY) has 7 years of Tax Provisions data on file, last reported at $3.0 million in Q1 2026.
- Tax Provisions for Q1 2026 came in at $3.0 million, down 15.82% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.1 million (down 66.44% YoY), and the FY2025 annual result was $3.7 million, down 45.07% from the prior year.
- Tax Provisions grew to $3.0 million in Q1 2026 per RELY's latest filing, from -$5.1 million in the prior quarter.
- Over five years, Tax Provisions peaked at $5.4 million in Q4 2023 and troughed at -$5.1 million in Q4 2025.
- A 5-year average of $1.2 million and a median of $662000.0 in 2022 frame the typical range for Tax Provisions.
- The sharpest annual moves came in 2024 and 2025: Tax Provisions soared 2400.7% in 2024, then slumped 960.27% in 2025.
- A 5-year view of Tax Provisions shows it stood at -$434000.0 in 2022, then surged by 1348.16% to $5.4 million in 2023, then plunged by 89.13% to $589000.0 in 2024, then tumbled by 960.27% to -$5.1 million in 2025, then surged by 159.64% to $3.0 million in 2026.
- Business Quant data shows RELY's Tax Provisions at $3.0 million in Q1 2026, -$5.1 million in Q4 2025, and $3.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 7.56 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 184,000.00 |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 695.00 Mn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 12.20 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 117.00 Mn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | -3.60 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 122.00 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 14.34 Mn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 1.50 Mn |
| 10 | Remitly Global | 3.88 Bn | 3.23 Bn | 425.99 Mn | 3.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.02 Mn |
| Dec 31, 2025 | -5.07 Mn |
| Sep 30, 2025 | 3.59 Mn |
| Jun 30, 2025 | 1.58 Mn |
| Mar 31, 2025 | 3.59 Mn |
| Dec 31, 2024 | 589,000.00 |
| Sep 30, 2024 | 1.85 Mn |
| Jun 30, 2024 | 3.29 Mn |
| Mar 31, 2024 | 998,000.00 |
| Dec 31, 2023 | 5.42 Mn |
| Sep 30, 2023 | 258,000.00 |
| Jun 30, 2023 | -143,000.00 |
| Mar 31, 2023 | 370,000.00 |
| Dec 31, 2022 | -434,000.00 |
| Sep 30, 2022 | 287,000.00 |
| Jun 30, 2022 | 662,000.00 |
| Mar 31, 2022 | 528,000.00 |
| Dec 31, 2021 | -42,000.00 |
| Sep 30, 2021 | 261,000.00 |
| Jun 30, 2021 | 454,000.00 |