Sequans Communications (SQNS) Cost of Revenue (2010 - 2025)

Sequans Communications (SQNS) has 16 years of Cost of Revenue data on file, last reported at $4.3 million in Q4 2025.

• In Q4 2025, Cost of Revenue rose 20.36% year-over-year to $4.3 million; the TTM figure through Dec 2025 stood at $12.4 million (up 36.67% YoY), while the FY2025 annual figure was $12.2 million, up 34.33% from the prior year.
• Cost of Revenue grew to $4.3 million in Q4 2025, from $2.3 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $6.1 million in Q1 2021 and bottomed at $1.1 million in Q3 2023.
• A 5-year average of $3.6 million and a median of $3.7 million in 2022 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2021 — Cost of Revenue soared 240.64% — and 2023, when it tumbled 70.94%.
• Year by year, Cost of Revenue stood at $5.9 million in 2021, then slumped by 33.55% to $3.9 million in 2022, then climbed by 6.48% to $4.2 million in 2023, then dropped by 13.96% to $3.6 million in 2024, then gained by 20.36% to $4.3 million in 2025.
• The last three Cost of Revenue figures came in at $4.3 million (Q4 2025), $2.3 million (Q3 2025), and $2.9 million (Q2 2025), per Business Quant data.

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