Cost of Revenue

Total Cost of Revenue

Vertiv Holdings Co Total Cost of Revenue decreased by 6.2% to $1.65B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 22.3%, from $1.35B to $1.65B. Over 4 years (FY 2021 to FY 2025), Total Cost of Revenue shows an upward trend with a 17.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionCost of Revenue
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ1 2018
Last reportedQ1 2026Apr 22, 2026

How to read this metric

An increase relative to revenue suggests rising production costs or margin compression, while a decrease suggests improved operational efficiency.

Detailed definition

Total cost of revenue includes the direct costs attributable to the production of goods or the delivery of services sold...

Peer comparison

Varies by industry; for medical device manufacturers, this includes significant manufacturing and supply chain costs.

Metric ID: total_cost_of_revenue

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$851.00M$847.20M$1.04B$852.80M$1.03B$1.05B$1.14B$1.03B$1.14B$1.12B$1.18B$1.07B$1.21B$1.32B$1.48B$1.35B$1.74B$1.67B$1.76B$1.65B
QoQ Change-0.4%+22.4%-17.7%+20.5%+2.3%+8.7%-10.3%+11.2%-2.2%+6.0%-9.2%+12.9%+8.7%+12.1%-8.6%+29.0%-4.4%+5.6%-6.2%
YoY Change+20.8%+24.2%+10.2%+20.3%+10.9%+6.0%+3.4%+4.6%+6.3%+18.1%+24.9%+25.8%+43.7%+26.4%+19.1%+22.3%
Range$847.20M$1.76B
CAGR+15.0%
Avg YoY Growth+17.9%
Median YoY Growth+19.7%

Product Breakdown

View all
SegmentQ4 '22Q4 '23Q2 '24Q3 '24Q4 '24Q1 '25Q4 '25
Products$917.40M$949.10M$963.00M$1.07B$1.22B$1.11B$1.47B
Services$225.50M$232.90M$248.60M$250.80M$252.40M$237.40M$292.20M
Total$1.14B$1.18B$1.21B$1.32B$1.48B$1.35B$1.76B

Frequently Asked Questions

What is Vertiv Holdings Co's total cost of revenue?
Vertiv Holdings Co (VRT) reported total cost of revenue of $1.65B in Q1 2026.
How has Vertiv Holdings Co's total cost of revenue changed year-over-year?
Vertiv Holdings Co's total cost of revenue increased by 22.3% year-over-year, from $1.35B to $1.65B.
What is the long-term trend for Vertiv Holdings Co's total cost of revenue?
Over 4 years (2021 to 2025), Vertiv Holdings Co's total cost of revenue has grown at a 17.0% compound annual growth rate (CAGR), from $3.48B to $6.51B.
What does total cost of revenue mean?
The direct costs incurred to produce the goods or services that a company sold during a specific period.