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Nikola (NKLA) Revenue & Revenue Breakdown

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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

DateRevenueChange
2023-12-31$35.84M-29.49%
2022-12-31$50.83M53400.00%
2021-12-31$95.00K-
2020-12-31$95.00K-80.29%
2019-12-31$482.00K178.61%
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

DateRevenueChange
2024-09-30$25.18M-19.60%
2024-06-30$31.32M317.75%
2024-03-31$7.50M-34.99%
2023-12-31$11.53M-765.82%
2023-09-30$-1.73M-111.27%
2023-06-30$15.36M38.18%
2023-03-31$11.12M69.39%
2022-12-31$6.56M-72.93%
2022-09-30$24.24M33.68%
2022-06-30$18.13M861.00%
2022-03-31$1.89M100.00%
2021-12-31-100.00%
2021-09-30-100.00%
2021-06-30-100.00%
2021-03-31--100.00%
2020-12-31$1.00K100.00%
2020-09-30--100.00%
2020-06-30$36.00K-37.93%
2020-03-31$58.00K18.37%
2019-12-31$49.00K-83.45%
2019-09-30$296.00K2176.92%
2019-06-30$13.00K-89.52%
2019-03-31$124.00K100.00%
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/ServiceDec 23Dec 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/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
Product$24.85M$7.42M$10.37M$-2.37M$12.01M$10.05M$4.70M$23.85M$17.38M-
Service And Other$334.00K$79.00K$724.00K$636.00K$3.36M$1.06M$1.87M$388.00K$751.00K$1.89M

Nikola's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (98.67%), and Service And Other (1.33%).

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.