Sable Offshore (SOC) Cost of Revenue (2023 - 2026)
Sable Offshore posted quarterly Cost of Revenue of $68.0 million for Q1 2026, up 97.52% year-on-year from $34.4 million in Q1 2025, and up 23.8% on a QoQ basis from $55.0 million in Q4 2025.
Sable Offshore (SOC) has 4 years of Cost of Revenue data on file, last reported at $68.0 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 97.52% year-over-year to $68.0 million; the trailing twelve-month figure through Mar 2026 stood at $252.8 million (up 119.81% YoY), and the FY2025 full-year result was $219.2 million, up 149.44% from the prior year.
- Cost of Revenue for Q1 2026 stood at $68.0 million, up from $55.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $79.4 million in Q3 2025 and bottomed at $7.3 million in Q1 2024.
- The 4-year median for Cost of Revenue is $26.3 million (2024), against an average of $33.5 million.
- The widest annual swing landed in 2024, when Cost of Revenue plunged 50.54%; it then surged 370.66% in 2025.
- A 4-year view of Cost of Revenue shows it stood at $17.5 million in 2023, then soared by 63.39% to $28.6 million in 2024, then surged by 91.9% to $55.0 million in 2025, then rose by 23.8% to $68.0 million in 2026.
- The last three Cost of Revenue figures came in at $68.0 million (Q1 2026), $55.0 million (Q4 2025), and $79.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | 262.78 Mn |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | 30.11 Mn |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | 606.00 Mn |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | 581.49 Mn |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | 24.80 Mn |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | 181.00 Mn |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | 68.03 Mn |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | 493.47 Mn |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 68.03 Mn |
| Mar 31, 2026 | 68.03 Mn |
| Dec 31, 2025 | 54.95 Mn |
| Dec 31, 2025 | 54.95 Mn |
| Sep 30, 2025 | 79.41 Mn |
| Sep 30, 2025 | 79.41 Mn |
| Jun 30, 2025 | 50.40 Mn |
| Jun 30, 2025 | 50.40 Mn |
| Mar 31, 2025 | 34.44 Mn |
| Mar 31, 2025 | 34.44 Mn |
| Dec 31, 2024 | 28.64 Mn |
| Dec 31, 2024 | 28.64 Mn |
| Sep 30, 2024 | 25.63 Mn |
| Sep 30, 2024 | 25.63 Mn |
| Jun 30, 2024 | 26.29 Mn |
| Jun 30, 2024 | 26.29 Mn |
| Mar 31, 2024 | 7.32 Mn |
| Mar 31, 2024 | 7.32 Mn |
| Dec 31, 2023 | 17.53 Mn |
| Dec 31, 2023 | 17.53 Mn |
| Sep 30, 2023 | 14.26 Mn |
| Sep 30, 2023 | 14.26 Mn |
| Jun 30, 2023 | 14.11 Mn |
| Jun 30, 2023 | 14.11 Mn |
| Mar 31, 2023 | 14.80 Mn |
| Mar 31, 2023 | 14.80 Mn |