People (PPLI) Cost of Revenue (2019 - 2026)
People's (PPLI) quarterly Cost of Revenue came in at $159.8 million in Q1 2026, down 14.7% YoY from $187.3 million in Q1 2025, and down 18.09% on a QoQ basis from $195.1 million in Q4 2025.
People (PPLI) Cost of Revenue (2019 - 2026) Analysis & Trends
People (PPLI) has 8 years of Cost of Revenue data on file, last reported at $159.8 million in Q1 2026.
- Quarterly Cost of Revenue fell 14.7% year-over-year to $159.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $764.3 million (down 17.85% YoY) and the FY2025 annual result came in at $809.8 million, down 19.22% from the prior year.
- Cost of Revenue declined to $159.8 million in Q1 2026, from $195.1 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $533.6 million in Q1 2022 to a low of $159.8 million in Q1 2026.
- A 5-year average of $300.4 million and a median of $253.4 million in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue surged 133.02% — and 2023, when it sank 58.74%.
- Tracing PPLI's Cost of Revenue over 5 years: stood at $438.4 million in 2022, then slumped by 58.74% to $180.9 million in 2023, then surged by 36.3% to $246.5 million in 2024, then slipped by 20.88% to $195.1 million in 2025, then dropped by 18.09% to $159.8 million in 2026.
- The last three Cost of Revenue figures came in at $159.8 million (Q1 2026), $195.1 million (Q4 2025), and $207.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,236.63 Bn | 3,807.59 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,541.85 Bn | 1,451.59 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Taboola.com | 1,147.41 Bn | 1,147.28 Bn | 139.48 Mn | 337.35 Mn |
| 4 | Baidu | 288.21 Bn | 283.72 Bn | 1.88 Mn | 2.84 Bn |
| 5 | Spotify Technology | 103.56 Bn | 93.32 Bn | 1.75 Bn | 3.56 Bn |
| 6 | Joyy | 78.26 Bn | 77.37 Bn | 205.64 Mn | 376.28 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 131,586.00 |
| 8 | Nebius | 49.40 Bn | 39.78 Bn | 295.20 Mn | 103.80 Mn |
| 9 | 30.61 Bn | 27.82 Bn | 734.60 Mn | 70.31 Mn | |
| 10 | People | 3.03 Bn | 1.92 Bn | 280.20 Mn | 156.54 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 156.54 Mn |
| Jun 30, 2026 | 156.54 Mn |
| Mar 31, 2026 | 159.77 Mn |
| Mar 31, 2026 | 159.77 Mn |
| Dec 31, 2025 | 195.05 Mn |
| Dec 31, 2025 | 195.05 Mn |
| Sep 30, 2025 | 207.46 Mn |
| Sep 30, 2025 | 207.46 Mn |
| Jun 30, 2025 | 201.97 Mn |
| Jun 30, 2025 | 201.97 Mn |
| Mar 31, 2025 | 187.32 Mn |
| Mar 31, 2025 | 187.32 Mn |
| Dec 31, 2024 | 246.53 Mn |
| Dec 31, 2024 | 246.53 Mn |
| Sep 30, 2024 | 243.06 Mn |
| Sep 30, 2024 | 243.06 Mn |
| Jun 30, 2024 | 253.35 Mn |
| Jun 30, 2024 | 253.35 Mn |
| Mar 31, 2024 | 259.47 Mn |
| Mar 31, 2024 | 259.47 Mn |