Liberty Energy (LBRT) Cost of Revenue (2017 - 2026)

Liberty Energy's Cost of Revenue history runs 10 years deep, the most recent figure standing at $843.8 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 10.79% year-over-year to $843.8 million; the TTM figure through Mar 2026 stood at $3.3 billion (up 2.23% YoY), while the FY2025 annual figure was $3.2 billion, down 1.01% from the prior year.
• Cost of Revenue was $843.8 million for Q1 2026 at Liberty Energy, up from $824.6 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $890.8 million in Q4 2022 to a low of $670.0 million in Q1 2022.
• Historically, Cost of Revenue has averaged $806.5 million across 5 years, with a median of $824.6 million in 2025.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue soared 47.29% in 2022, then decreased 12.75% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $890.8 million in 2022, then fell by 12.75% to $777.3 million in 2023, then declined by 4.57% to $741.8 million in 2024, then climbed by 11.17% to $824.6 million in 2025, then advanced by 2.33% to $843.8 million in 2026.
• The last three Cost of Revenue figures came in at $843.8 million (Q1 2026), $824.6 million (Q4 2025), and $769.8 million (Q3 2025), per Business Quant data.