Nikola Past Earnings Performance
Past criteria checks 0/6
Nikola's earnings have been declining at an average annual rate of -25.2%, while the Machinery industry saw earnings growing at 15.2% annually. Revenues have been growing at an average rate of 64% per year.
Key information
-25.2%
Earnings growth rate
-3.8%
EPS growth rate
| Machinery Industry Growth | 8.8% |
| Revenue growth rate | 64.0% |
| Return on equity | -167.4% |
| Net Margin | -840.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Nikola: Running Out Of Funds And Financing Options - Strong Sell
Nov 01Nikola's 'One Truck At A Time' Strategy Has Only 2 Outcomes
Oct 04Buy Nikola On Weakness To Exploit The Likely Strong Future Of Hydrogen Trucks
Sep 25Nikola: Improved Results But Nowhere Near Viability - Sell
Aug 12Nikola Corporation: Sell The Rally As Further Dilution May Be Looming
Jul 09Nikola Corporation: Messy Picture Continues - Strong Sell (Rating Downgrade)
May 14Nikola Stock Surges Past $1 Milestone After Nearly 4 Months; Is It A Buy Now?
Apr 01Nikola Corporation: Weak 2024 Outlook With More Dilution Likely Ahead - Sell
Mar 01Earnings Release: Here's Why Analysts Cut Their Nikola Corporation (NASDAQ:NKLA) Price Target To US$2.33
May 11
No Room For Nikola In Booming Industry
Oct 12Revenue & 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 |
|---|---|---|---|---|
| 30 Sep 24 | 76 | -635 | 165 | 161 |
| 30 Jun 24 | 49 | -861 | 182 | 161 |
| 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: NKLA is currently unprofitable.
Growing Profit Margin: NKLA is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NKLA is unprofitable, and losses have increased over the past 5 years at a rate of 25.2% per year.
Accelerating Growth: Unable to compare NKLA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NKLA is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (11.5%).
Return on Equity
High ROE: NKLA has a negative Return on Equity (-167.38%), as it is currently unprofitable.