Discontinued — last reported Q3 '25
Hardware revenue — Cost of revenue
Block Hardware revenue — Cost of revenue increased by 35.0% to $103.30M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 66.4%, from $62.09M to $103.30M. Over 3 years (FY 2021 to FY 2024), Hardware revenue — Cost of revenue shows relatively stable performance with a 2.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue may indicate rising supply chain costs or a change in product mix, while a decrease suggests improved manufacturing efficiencies or economies of scale.
Detailed definition
This metric captures the direct costs associated with the manufacturing, shipping, and fulfillment of physical hardware...
Peer comparison
Comparable to cost of goods sold (COGS) for hardware segments at technology companies that manufacture and distribute proprietary physical devices.
xyz_segment_hardware_revenue_cost_of_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $61.40M | $51.15M | $68.15M | $63.66M | $83.49M | $76.00M | $63.84M | $58.79M | $74.09M | $78.34M | $56.44M | $50.79M | $68.31M | $62.09M | $55.26M | $52.53M | $76.55M | $103.30M |
| QoQ Change | — | -16.7% | +33.2% | -6.6% | +31.1% | -9.0% | -16.0% | -7.9% | +26.0% | +5.7% | -28.0% | -10.0% | +34.5% | -9.1% | -11.0% | -4.9% | +45.7% | +35.0% |
| YoY Change | — | — | — | — | +36.0% | +48.6% | -6.3% | -7.7% | -11.3% | +3.1% | -11.6% | -13.6% | -7.8% | -20.7% | -2.1% | +3.4% | +12.1% | +66.4% |
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Frequently Asked Questions
- What is Block's hardware revenue — cost of revenue?
- Block (XYZ) reported hardware revenue — cost of revenue of $103.30M in Q3 2025.
- How has Block's hardware revenue — cost of revenue changed year-over-year?
- Block's hardware revenue — cost of revenue increased by 66.4% year-over-year, from $62.09M to $103.30M.
- What is the long-term trend for Block's hardware revenue — cost of revenue?
- Over 3 years (2021 to 2024), Block's hardware revenue — cost of revenue has grown at a 2.2% compound annual growth rate (CAGR), from $221.19M to $236.44M.
- What does hardware revenue — cost of revenue mean?
- The direct costs incurred to manufacture and deliver physical hardware products to customers.