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M (MHO) Cost of Revenue (2016 - 2025)

M (MHO) has disclosed Cost of Revenue for 16 consecutive years, with $947.2 million as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 60.94% to $947.2 million in Q4 2025 year-over-year; TTM through Dec 2025 was $3.4 billion, a 2.87% increase, with the full-year FY2025 number at $3.4 billion, up 2.87% from a year prior.
  • Cost of Revenue was $947.2 million for Q4 2025 at M, down from $2.3 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $2.4 billion in Q4 2024 to a low of -$606.9 million in Q2 2025.
  • A 5-year average of $576.2 million and a median of $654.6 million in 2021 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: skyrocketed 4369.11% in 2024, then crashed 1137.47% in 2025.
  • M's Cost of Revenue stood at $808.2 million in 2021, then rose by 16.62% to $942.5 million in 2022, then plummeted by 94.24% to $54.3 million in 2023, then surged by 4369.11% to $2.4 billion in 2024, then tumbled by 60.94% to $947.2 million in 2025.
  • Per Business Quant, the three most recent readings for MHO's Cost of Revenue are $947.2 million (Q4 2025), $2.3 billion (Q3 2025), and -$606.9 million (Q2 2025).