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Remitly Global, Inc. RELY Interest coverage

Interest coverage at other companies

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2.2×+0.1×

Other financials

Income statement

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Revenue$452.8M+25.2%
Operating income$53.7M+339%
Net income$49.1M+332%
EPS (diluted)$0.23+360%

Balance sheet

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Cash & equivalents$650.7M+31.3%
Total debt$39.3M+85.0%
Total equity$907.4M+25.4%
Total assets$1.4B+25.9%

Cash flow

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Operating cash flow$81.9M+1.4%
CapEx$6.0M-43.6%
Free cash flow$75.9M+8.2%

Valuation

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Market cap$4.44B-20.9%

Profitability

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Operating margin6.9%+6.4pp
Net margin6.1%+5.8pp
FCF margin17.5%

Returns & leverage

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Return on equity13%+12.3pp
Debt / equity0.0×
Current ratio2.8×+0.1×

Where this comes from

Calculated from Remitly Global, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Remitly Global, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Remitly Global, Inc.'s interest coverage?
Remitly Global, Inc. (RELY) reported interest coverage of 13.6× in Q1 2026.
How has Remitly Global, Inc.'s interest coverage changed year-over-year?
Remitly Global, Inc.'s interest coverage increased by 843.1% year-over-year, from -1.8× to 13.6×.
What is the long-term trend for Remitly Global, Inc.'s interest coverage?
Over 4 years (2021 to 2025), Remitly Global, Inc.'s interest coverage has grown at a -24.7% compound annual growth rate (CAGR), from -31.6× to 10.2×.
What does interest coverage mean?
Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.