Helix Energy Solutions (HLX) Cost of Revenue (2009 - 2026)

Helix Energy Solutions (HLX) has reported Cost of Revenue for 18 consecutive years, with $279.1 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 11.41% year-over-year to $279.1 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 4.32% YoY), while the FY2025 annual figure was $1.1 billion, down 0.58% from the prior year.
• Cost of Revenue eased to $279.1 million in Q1 2026 per HLX's latest filing, from $283.5 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $315.1 million in Q3 2023 and bottomed at $164.0 million in Q2 2022.
• Historically, Cost of Revenue has averaged $262.5 million across 5 years, with a median of $276.8 million in 2024.
• Annual changes were most pronounced in 2023 — Cost of Revenue jumped 54.59% — and 2024, when it dropped 12.18%.
• Helix Energy Solutions' Cost of Revenue stood at $256.5 million in 2022, then climbed by 11.47% to $285.9 million in 2023, then climbed by 3.64% to $296.3 million in 2024, then fell by 4.3% to $283.5 million in 2025, then fell by 1.56% to $279.1 million in 2026.
• Business Quant data shows HLX's Cost of Revenue at $279.1 million in Q1 2026, $283.5 million in Q4 2025, and $310.9 million in Q3 2025.