NaaS Technology (NAAS) Cost of Revenue (2016 - 2024)

NaaS Technology (NAAS) has reported Cost of Revenue for 9 consecutive years, with $2.4 million the latest figure, recorded in Q4 2024.

• Quarterly Cost of Revenue fell 63.69% year-over-year to $2.4 million in Q4 2024, while the trailing twelve-month figure through Dec 2024 was $23.6 million (down 26.72% YoY) and the FY2025 annual result came in at $2.5 million, down 83.65% from the prior year.
• Cost of Revenue fell to $2.4 million in Q4 2024 per NAAS's latest filing, from $2.8 million in the prior quarter.
• Over the last five years, Cost of Revenue for NAAS reached as high as $25.3 million in Q2 2021 and fell as low as $1.7 million in Q4 2021.
• A 5-year average of $11.0 million and a median of $6.7 million in 2023 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2021 — Cost of Revenue plunged 93.02% — and 2023, when it surged 361.12%.
• Year by year, Cost of Revenue stood at $23.9 million in 2020, then tumbled by 93.02% to $1.7 million in 2021, then surged by 93.65% to $3.2 million in 2022, then surged by 107.87% to $6.7 million in 2023, then plunged by 63.69% to $2.4 million in 2024.
• According to Business Quant data, Cost of Revenue over the past three periods registered $2.4 million, $2.8 million, and $8.4 million for Q4 2024, Q3 2024, and Q2 2024 respectively.