South Bow (SOBO) Cost of Revenue (2024 - 2026)

South Bow's Cost of Revenue history runs 3 years deep, the most recent figure standing at $74.0 million for Q1 2026.

• On a quarterly basis, Cost of Revenue fell 11.9% year-over-year to $74.0 million in Q1 2026; TTM through Mar 2026 was $303.0 million, a 20.26% decrease from a year earlier, with the FY2025 full-year figure at $313.0 million, down 16.76% from the prior year.
• Cost of Revenue grew to $74.0 million in Q1 2026 per SOBO's latest filing, from $70.0 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $105.0 million in Q2 2024 and bottomed at $70.0 million in Q4 2025.
• The 3-year median for Cost of Revenue is $80.0 million (2024), against an average of $84.8 million.
• Biggest YoY gain for Cost of Revenue was 5.0% in 2025; the steepest drop was 24.76% in 2025.
• Year by year, Cost of Revenue stood at $93.0 million in 2024, then declined by 24.73% to $70.0 million in 2025, then rose by 5.71% to $74.0 million in 2026.
• Per Business Quant, the three latest SOBO Cost of Revenue figures stand at $74.0 million (Q1 2026), $70.0 million (Q4 2025), and $80.0 million (Q3 2025).