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.
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 3.70 Bn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 133.60 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 70.31 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 732.09 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | 735.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 257.35 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 204.26 Mn |
| 10 | People | 2.86 Bn | 1.75 Bn | 280.20 Mn | 156.54 Mn |
Historic Data
Download Data
Historic 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 | 160.79 Mn |
| Jun 30, 2025 | 160.79 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 |