What is Remitly Global, Inc.'s net debt / EBITDA?

Remitly Global, Inc. (RELY) reported net debt / EBITDA of -4.2× in Q1 2026.

How has Remitly Global, Inc.'s net debt / EBITDA changed year-over-year?

Remitly Global, Inc.'s net debt / EBITDA increased by 88.5% year-over-year, from -36.9× to -4.2×.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

Remitly Global, Inc. RELY Net debt / EBITDA

Net debt / EBITDA at other companies

Enova InternationalENVA

5.8×+0.2×

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 / equity0×0.0×

Current ratio2.8×+0.1×

Where this comes from

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

net debt/ebitda=-4.2×

Based on the most recent quarter.

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 net debt / EBITDA?: Remitly Global, Inc. (RELY) reported net debt / EBITDA of -4.2× in Q1 2026.
How has Remitly Global, Inc.'s net debt / EBITDA changed year-over-year?: Remitly Global, Inc.'s net debt / EBITDA increased by 88.5% year-over-year, from -36.9× to -4.2×.
What does net debt / EBITDA mean?: Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.