Exzeo (XZO) Cost of Revenue (2024 - 2026)
Exzeo (XZO) reported Cost of Revenue of $20.95 million for Q2 2026, down 7.1% from $22.54 million a year earlier and down 8.1% from the prior quarter.
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Analysis
Exzeo (XZO) Cost of Revenue (2024 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Exzeo's Cost of Revenue came in at $83.58 million, down 7.1% year-over-year; for FY2025, it was $85.96 million, up 6.5% from FY2024.
- By year, Cost of Revenue came in at $80.74 million in FY2024 (+13.6%) and $71.06 million in FY2023.
- Five-year quarterly Cost of Revenue spans a low of $17.99 million in Q3 2024 and a high of $25.83 million in Q4 2024.
- Year over year, Cost of Revenue has now declined in each of the last three quarters, with an average decline of 5.0% over the last four quarters.
- Per Business Quant data, the three quarters before Q2 2026 came in at $22.79 million (Q1 2026), $18.44 million (Q4 2025) and $21.39 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.15 Bn | 7.38 Bn | - | - |
| 2 | Block | 45.94 Bn | 17.20 Bn | 3.17 Bn | 3.45 Bn |
| 3 | Coinbase Global | 43.38 Bn | 184.17 Mn | - | - |
| 4 | Corpay | 26.82 Bn | 17.02 Bn | - | - |
| 5 | Fiserv | 26.51 Bn | 23.21 Bn | 2.90 Bn | 2.40 Bn |
| 6 | Global Payments | 22.01 Bn | 453.00 Mn | 2.03 Bn | 1.29 Bn |
| 7 | Iren | 18.95 Bn | 6.55 Bn | 103.89 Mn | 33.34 Mn |
| 8 | Guidewire Software | 15.50 Bn | 12.06 Bn | 269.68 Mn | 141.41 Mn |
| 9 | Bitmine Immersion Technologies | 12.97 Bn | 10.35 Bn | 40.81 Mn | 5.73 Mn |
| 10 | Exzeo | 1.53 Bn | 711.79 Mn | 36.84 Mn | 20.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.95 Mn |
| Mar 31, 2026 | 22.79 Mn |
| Dec 31, 2025 | 18.44 Mn |
| Sep 30, 2025 | 21.39 Mn |
| Jun 30, 2025 | 22.54 Mn |
| Mar 31, 2025 | 23.58 Mn |
| Dec 31, 2024 | 25.83 Mn |
| Sep 30, 2024 | 17.99 Mn |
API Access
Exzeo 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=XZO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "XZO", "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=XZO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();