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Noble (NE) Cost of Revenue (2021 - 2025)

Noble (NE) has disclosed Cost of Revenue for 4 consecutive years, with $471.1 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue fell 70.88% year-over-year to $471.1 million, compared with a TTM value of $1.9 billion through Dec 2025, up 13.54%, and an annual FY2025 reading of $1.9 billion, up 13.54% over the prior year.
  • Cost of Revenue was $471.1 million for Q4 2025 at Noble, down from $1.4 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $1.6 billion in Q4 2024 and bottomed at -$986.9 million in Q4 2023.
  • Average Cost of Revenue over 4 years is $329.1 million, with a median of $270.0 million recorded in 2022.
  • The sharpest move saw Cost of Revenue skyrocketed 7636.52% in 2023, then tumbled 1822.84% in 2025.
  • Year by year, Cost of Revenue stood at $692.2 million in 2022, then tumbled by 242.57% to -$986.9 million in 2023, then soared by 263.95% to $1.6 billion in 2024, then tumbled by 70.88% to $471.1 million in 2025.
  • Business Quant data shows Cost of Revenue for NE at $471.1 million in Q4 2025, $1.4 billion in Q3 2025, and -$402.0 million in Q2 2025.