Quhuo (QH) Cost of Revenue (2019 - 2025)

Quhuo (QH) has reported Cost of Revenue for 7 consecutive years, with $198.2 million the latest figure, recorded in Q4 2025.

• On a quarterly basis, Cost of Revenue rose 5.0% year-over-year to $198.2 million in Q4 2025; TTM through Dec 2025 was $910.5 million, a 12.0% decrease from a year earlier, with the FY2025 full-year figure at $359.4 million, down 11.76% from the prior year.
• Cost of Revenue was $198.2 million for Q4 2025 at Quhuo, up from $188.8 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $322.3 million in Q4 2021 and troughed at $132.6 million in Q1 2021.
• A 5-year average of $209.0 million and a median of $193.5 million in 2024 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue jumped 153.12% in 2021 and dropped 28.18% in 2024, its largest moves.
• Over 5 years, Cost of Revenue stood at $322.3 million in 2021, then decreased by 19.14% to $260.7 million in 2022, then gained by 0.84% to $262.9 million in 2023, then fell by 28.18% to $188.8 million in 2024, then gained by 5.0% to $198.2 million in 2025.
• The last three Cost of Revenue figures came in at $198.2 million (Q4 2025), $188.8 million (Q4 2024), and $262.9 million (Q4 2023), per Business Quant data.