Vulcan Infrastructure & Power (VIP) Cost of Revenue (2020 - 2026)
Vulcan Infrastructure & Power (VIP) recorded Cost of Revenue of $8.17 million in Q2 2026, down 31.1% from $11.85 million a year earlier and down 52.3% from the prior quarter.
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Analysis
Vulcan Infrastructure & Power (VIP) Cost of Revenue (2020 - 2026) Analysis & Trends
On a TTM basis, Vulcan Infrastructure & Power's Cost of Revenue came in at $48.22 million as of Jun 30, 2026, up 4.4% year-over-year; for FY2025, it came in at $49.77 million, up 21.1% from FY2024.
- Annual Cost of Revenue has a five-year compound annual growth rate of 31.6% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $41.11 million in FY2024 (-19.4%), $51.01 million in FY2023 (-17.1%), $61.55 million in FY2022 (+116.8%) and $28.39 million in FY2021 (+125.3%).
- The Q2 2026 figure is the lowest quarterly Cost of Revenue since Q2 2021.
- On a year-over-year basis, Cost of Revenue rose in five of the last eight quarters, with an average decline of 0.3%.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 214.1% in Q2 2022, against a decline of 39.1% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $17.13 million (Q1 2026), $11.9 million (Q4 2025) and $11.02 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,843.70 Bn | 3,766.85 Bn | 60.48 Bn | 29.53 Bn |
| 2 | International Business Machines | 209.74 Bn | 160.64 Bn | 9.91 Bn | 7.26 Bn |
| 3 | Cloudflare | 112.41 Bn | 95.94 Bn | 499.52 Mn | 196.54 Mn |
| 4 | Equinix | 101.21 Bn | 89.76 Bn | 1.40 Bn | 1.23 Bn |
| 5 | Nebius | 61.44 Bn | 34.87 Bn | 448.70 Mn | 133.60 Mn |
| 6 | CoreWeave | 49.38 Bn | 36.47 Bn | 1.70 Bn | 879.00 Mn |
| 7 | Verisign | 26.06 Bn | 23.28 Bn | 384.60 Mn | 50.00 Mn |
| 8 | Nutanix | 19.56 Bn | 11.24 Bn | 651.35 Mn | 105.73 Mn |
| 9 | Akamai Technologies | 15.64 Bn | 9.05 Bn | 613.75 Mn | 485.93 Mn |
| 10 | Vulcan Infrastructure & Power | 27.39 Mn | -10.01 Mn | -4.78 Mn | 8.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.17 Mn |
| Mar 31, 2026 | 17.13 Mn |
| Dec 31, 2025 | 11.90 Mn |
| Sep 30, 2025 | 11.02 Mn |
| Jun 30, 2025 | 11.85 Mn |
| Mar 31, 2025 | 15.00 Mn |
| Dec 31, 2024 | 9.96 Mn |
| Sep 30, 2024 | 9.36 Mn |
| Jun 30, 2024 | 9.32 Mn |
| Mar 31, 2024 | 12.32 Mn |
| Dec 31, 2023 | 14.77 Mn |
| Sep 30, 2023 | 15.36 Mn |
| Jun 30, 2023 | 11.14 Mn |
| Mar 31, 2023 | 9.74 Mn |
| Dec 31, 2022 | 15.80 Mn |
| Sep 30, 2022 | 18.44 Mn |
| Jun 30, 2022 | 14.84 Mn |
| Mar 31, 2022 | 12.48 Mn |
| Dec 31, 2021 | 9.34 Mn |
| Sep 30, 2021 | 9.66 Mn |
API Access
Vulcan Infrastructure & Power Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VIP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "VIP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VIP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();