Nikola (NKLA) Revenue & Revenue Breakdown
Nikola Revenue Highlights
Latest Revenue (Y)
$35.84M
Latest Revenue (Q)
$25.18M
Main Segment (Y)
Product
Nikola Revenue by Period
Nikola Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $35.84M | -29.49% |
| 2022-12-31 | $50.83M | 53400.00% |
| 2021-12-31 | $95.00K | - |
| 2020-12-31 | $95.00K | -80.29% |
| 2019-12-31 | $482.00K | 178.61% |
| 2018-12-31 | $173.00K | - |
Nikola generated $35.84M in revenue during NA 2023, up -29.49% compared to the previous quarter, and up 20716.18% compared to the same period a year ago.
Nikola Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-09-30 | $25.18M | -19.60% |
| 2024-06-30 | $31.32M | 317.75% |
| 2024-03-31 | $7.50M | -34.99% |
| 2023-12-31 | $11.53M | -765.82% |
| 2023-09-30 | $-1.73M | -111.27% |
| 2023-06-30 | $15.36M | 38.18% |
| 2023-03-31 | $11.12M | 69.39% |
| 2022-12-31 | $6.56M | -72.93% |
| 2022-09-30 | $24.24M | 33.68% |
| 2022-06-30 | $18.13M | 861.00% |
| 2022-03-31 | $1.89M | 100.00% |
| 2021-12-31 | - | 100.00% |
| 2021-09-30 | - | 100.00% |
| 2021-06-30 | - | 100.00% |
| 2021-03-31 | - | -100.00% |
| 2020-12-31 | $1.00K | 100.00% |
| 2020-09-30 | - | -100.00% |
| 2020-06-30 | $36.00K | -37.93% |
| 2020-03-31 | $58.00K | 18.37% |
| 2019-12-31 | $49.00K | -83.45% |
| 2019-09-30 | $296.00K | 2176.92% |
| 2019-06-30 | $13.00K | -89.52% |
| 2019-03-31 | $124.00K | 100.00% |
| 2018-09-30 | - | 100.00% |
| 2018-06-30 | - | - |
Nikola generated $25.18M in revenue during Q3 2024, up -19.60% compared to the previous quarter, and up 163.92% compared to the same period a year ago.
Nikola Revenue Breakdown
Nikola Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 |
|---|---|---|
| Service And Other | $5.78M | $4.89M |
| Product | $30.06M | $45.93M |
Nikola's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (83.88%), and Service And Other (16.12%).
Quarterly Revenue by Product
| Product/Service | Sep 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Service And Other | $334.00K | $79.00K | $724.00K | $636.00K | $3.36M | $1.06M | $1.87M | $388.00K | $751.00K | $1.89M |
| Product | $24.85M | $7.42M | $10.37M | $-2.37M | $12.01M | $10.05M | $4.70M | $23.85M | $17.38M | - |
Nikola's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (98.67%), and Service And Other (1.33%).
Nikola Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CAT | Caterpillar | $67.06B | $15.80B |
| DE | Deere & Company | $60.25B | $13.15B |
| PCAR | PACCAR | $33.32B | $6.68B |
| CNHI | CNH Industrial NV | $24.69B | $4.82B |
| AGCO | AGCO | $14.41B | $3.25B |
| WNC | Wabash National | $2.54B | $464.04M |
| LEV | Lion Electric Company | $253.50M | $55.48M |
| HYFM | Hydrofarm Group | $226.58M | $54.17M |
| XOS | Xos | $44.52M | $13.16M |
| NKLA | Nikola | $35.84M | $25.18M |
| ZEV | Lightning eMotors | $24.41M | $12.37M |
NKLA Revenue FAQ
What is Nikola’s yearly revenue?
Nikola's yearly revenue for 2023 was $35.84M, representing a decrease of -29.49% compared to 2022. The company's yearly revenue for 2022 was $50.82M, representing an increase of 53400.00% compared to 2021. NKLA's yearly revenue for 2021 was $95K, representing an increase of 0% compared to 2020.
What is Nikola’s quarterly revenue?
Nikola's quarterly revenue for Q3 2024 was $25.18M, a -19.60% decrease from the previous quarter (Q2 2024), and a 0% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $31.32M, a 317.75% increase from the previous quarter (Q1 2024), and a 103.87% increase year-over-year (Q2 2023). NKLA's quarterly revenue for Q1 2024 was $7.5M, a -34.99% decrease from the previous quarter (Q4 2023), and a -32.56% decrease year-over-year (Q1 2023).
What is Nikola’s revenue growth rate?
Nikola's revenue growth rate for the last 3 years (2021-2023) was 37625.26%, and for the last 5 years (2019-2023) was 7335.48%.
What are Nikola’s revenue streams?
Nikola's revenue streams in c 23 are Service And Other, and Product. Service And Other generated $5.78M in revenue, accounting 16.12% of the company's total revenue, up 18.06% year-over-year. Product generated $30.06M in revenue, accounting 83.88% of the company's total revenue, down -34.55% year-over-year.
What is Nikola’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Nikola was Product. This segment made a revenue of $30.06M, representing 83.88% of the company's total revenue.