Badger Meter (BMI) Cost of Revenue (2010 - 2026)

Badger Meter (BMI) has reported Cost of Revenue for 17 consecutive years, with $131.5 million the latest figure, recorded in Q2 2026.

• In Q2 2026, Cost of Revenue fell 6.23% year-over-year to $131.5 million; the TTM figure through Jun 2026 stood at $517.0 million (up 0.58% YoY), while the FY2025 annual figure was $534.6 million, up 7.48% from the prior year.
• Cost of Revenue climbed to $131.5 million in Q2 2026 per BMI's latest filing, from $118.0 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $140.3 million in Q2 2025 and bottomed at $81.7 million in Q1 2022.
• Historically, Cost of Revenue has averaged $114.1 million across 5 years, with a median of $118.5 million in 2024.
• Annual changes were most pronounced in 2023 — Cost of Revenue climbed 28.11% — and 2026, when it fell 6.96%.
• Badger Meter's Cost of Revenue stood at $90.4 million in 2022, then increased by 22.82% to $111.0 million in 2023, then climbed by 10.31% to $122.4 million in 2024, then grew by 4.33% to $127.7 million in 2025, then climbed by 3.0% to $131.5 million in 2026.
• Business Quant data shows BMI's Cost of Revenue at $131.5 million in Q2 2026, $118.0 million in Q1 2026, and $127.7 million in Q4 2025.