KPIs & Operating Metrics(New)
Growth Metrics

M (MHO) Cost of Revenue (2016 - 2026)

M has reported Cost of Revenue over the past 17 years, most recently at $718.1 million for Q1 2026.

  • Quarterly Cost of Revenue rose 1260.43% to $718.1 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $4.9 billion through Mar 2026, up 163.23% year-over-year, with the annual reading at $3.4 billion for FY2025, 2.87% up from the prior year.
  • Cost of Revenue was $718.1 million for Q1 2026 at M, down from $3.2 billion in the prior quarter.
  • Over five years, Cost of Revenue peaked at $3.2 billion in Q4 2025 and troughed at -$2.1 billion in Q4 2023.
  • The 5-year median for Cost of Revenue is $718.1 million (2026), against an average of $510.0 million.
  • The largest YoY upside for Cost of Revenue was 1548.89% in 2023 against a maximum downside of 320.42% in 2023.
  • A 5-year view of Cost of Revenue shows it stood at $942.5 million in 2022, then tumbled by 320.42% to -$2.1 billion in 2023, then surged by 143.73% to $908.5 million in 2024, then surged by 254.46% to $3.2 billion in 2025, then tumbled by 77.7% to $718.1 million in 2026.
  • Per Business Quant, the three most recent readings for MHO's Cost of Revenue are $718.1 million (Q1 2026), $3.2 billion (Q4 2025), and $64.0 million (Q3 2025).