Nikola Past Earnings Performance
Past criteria checks 0/6
Nikola's earnings have been declining at an average annual rate of -31.4%, while the Machinery industry saw earnings growing at 15.4% annually. Revenues have been growing at an average rate of 69.9% per year.
Key information
-31.4%
Earnings growth rate
-12.8%
EPS growth rate
| Machinery Industry Growth | 10.7% |
| Revenue growth rate | 69.9% |
| Return on equity | -147.9% |
| Net Margin | -2,655.0% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Nikola makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 33 | -867 | 204 | 186 |
| 31 Dec 23 | 36 | -865 | 199 | 208 |
| 30 Sep 23 | 30 | -887 | 208 | 234 |
| 30 Jun 23 | 56 | -697 | 283 | 259 |
| 31 Mar 23 | 59 | -730 | 304 | 258 |
| 31 Dec 22 | 50 | -738 | 339 | 270 |
| 30 Sep 22 | 44 | -722 | 361 | 296 |
| 30 Jun 22 | 20 | -753 | 422 | 308 |
| 31 Mar 22 | 2 | -723 | 412 | 312 |
| 31 Dec 21 | 0 | -690 | 401 | 293 |
| 30 Sep 21 | 0 | -673 | 394 | 269 |
| 30 Jun 21 | 0 | -485 | 267 | 242 |
| 31 Mar 21 | 0 | -471 | 240 | 217 |
| 31 Dec 20 | 0 | -384 | 183 | 186 |
| 30 Sep 20 | 0 | -285 | 121 | 141 |
| 30 Jun 20 | 0 | -221 | 59 | 99 |
| 31 Mar 20 | 0 | -109 | 20 | 68 |
| 31 Dec 19 | 0 | -105 | 21 | 68 |
| 31 Dec 18 | 0 | -64 | 12 | 58 |
| 31 Dec 17 | 0 | -18 | 6 | 12 |
Quality Earnings: 8NI0 is currently unprofitable.
Growing Profit Margin: 8NI0 is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 8NI0 is unprofitable, and losses have increased over the past 5 years at a rate of 31.4% per year.
Accelerating Growth: Unable to compare 8NI0's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 8NI0 is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (1.8%).
Return on Equity
High ROE: 8NI0 has a negative Return on Equity (-147.9%), as it is currently unprofitable.