KPIs & Operating Metrics(New)
Growth Metrics

Noble (NE) Cost of Revenue (2021 - 2026)

Noble's Cost of Revenue history spans 5 years, with the latest figure at -$1.3 billion for Q4 2025.

  • For Q4 2025, Cost of Revenue fell 348.09% year-over-year to -$1.3 billion; the TTM value through Dec 2025 reached $136.4 million, down 90.08%, while the annual FY2025 figure was $136.4 million, 91.92% down from the prior year.
  • Cost of Revenue reached -$1.3 billion in Q4 2025 per NE's latest filing, down from $479.9 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $1.4 billion in Q4 2023 to a low of -$1.3 billion in Q4 2025.
  • Average Cost of Revenue over 5 years is $202.8 million, with a median of $107.3 million recorded in 2021.
  • Peak YoY movement for Cost of Revenue: skyrocketed 2502.76% in 2024, then plummeted 348.09% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at -$399.3 million in 2021, then soared by 315.38% to $860.0 million in 2022, then surged by 61.02% to $1.4 billion in 2023, then tumbled by 61.93% to $527.3 million in 2024, then crashed by 348.09% to -$1.3 billion in 2025.
  • Per Business Quant, the three most recent readings for NE's Cost of Revenue are -$1.3 billion (Q4 2025), $479.9 million (Q3 2025), and $502.4 million (Q2 2025).