RELY (Remitly Global) COGS-to-Revenue : 0.40 (As of Mar. 2025)

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What is Remitly Global COGS-to-Revenue?

Remitly Global's Cost of Goods Sold for the three months ended in Mar. 2025 was $144 Mil. Its Revenue for the three months ended in Mar. 2025 was $362 Mil.

Remitly Global's COGS to Revenue for the three months ended in Mar. 2025 was 0.40.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Remitly Global's Gross Margin % for the three months ended in Mar. 2025 was 60.19%.

Remitly Global COGS-to-Revenue Historical Data

The historical data trend for Remitly Global's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Remitly Global COGS-to-Revenue Chart

Remitly Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.53

0.52

0.50

0.44

0.41

Remitly Global Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.41	0.42	0.41	0.40	0.40

Remitly Global COGS-to-Revenue Calculation

Remitly Global's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	515.522	/	1263.963
	=	0.41

Remitly Global's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	143.966	/	361.624
	=	0.40

Remitly Global (NAS:RELY) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Remitly Global's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	143.966 / 361.624
	=	60.19 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Remitly Global COGS-to-Revenue Related Terms

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Remitly Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Remitly Global Inc (NAS:RELY) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 Third Avenue, Suite 2100, Seattle, WA, USA, 98101

Website

https://www.remitly.com

Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.

Executives

Matthew B. Oppenheimer	director, officer: Chief Executive Officer	1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Joshua Hug	director, officer: Chief Operating Officer	1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Bora Chung	director	C/O BILL.COM HOLDINGS, INC., 1810 EMBARCADERO ROAD, PALO ALTO CA 94303
Naspers Ltd	10 percent owner	NASPERS CENTRE PO BOX 2271, CAPETOWN 8000, SOUTH AFRICA T3 00000
Ankur Sinha	officer: Chief Technology Officer	C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Rene Yoakum	officer: EVP, Customer and Culture	C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Gail A Miller	officer: Chief Accounting Officer	C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE, WA 98101
Hemanth Munipalli	officer: Chief Financial Officer	C/O REMITLY GLOBAL, INC., 1111 THIRD AVENUE, SUITE 2100, SEATTLE WA 98101
Nigel W Morris	director	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Phyllis J Campbell	director	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Ryno Blignaut	director	C/O XOOM CORPORATION, 100 BUSH STREET, SUITE 300, SAN FRANCISCO CA 94104
Stripes Iii, Lp	10 percent owner	402 WEST 13TH STREET, 4TH FLOOR, NEW YORK NY 10014
Stripes Gp Iii, Llc	10 percent owner	402 WEST 13TH STREET, NEW YORK NY 10014
Stripes Holdings, Llc	10 percent owner	402 WEST 13TH ST., 4TH FLOOR, NEW YORK NY 10014
Kenneth A Fox	10 percent owner