Niu Technologies (NIU) Cost of Revenue (2017 - 2026)
Niu Technologies (NIU) recorded Cost of Revenue of $178.34 million in Q2 2026, up 27.3% from $140.05 million a year earlier and up 63.8% from the prior quarter.
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Analysis
Niu Technologies (NIU) Cost of Revenue (2017 - 2026) Analysis & Trends
On a TTM basis, Niu Technologies' Cost of Revenue came in at $555.15 million as of Jun 30, 2026, up 25.7% year-over-year; for FY2025, it was $495.39 million, up 29.6% from FY2024.
- Annual Cost of Revenue has a five-year compound annual growth rate of 11.4% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $382.16 million in FY2024 (+30.4%), $293.1 million in FY2023 (-19.1%), $362.31 million in FY2022 (-20.2%) and $453.78 million in FY2021 (+57.1%).
- Quarterly Cost of Revenue has ranged from $47.59 million in Q1 2023 to $186 million in Q3 2025 over the past five years.
- On a year-over-year basis, Cost of Revenue rose in seven of the last eight quarters, with growth averaging 34.0%.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 79.9% in Q4 2024, against a decline of 42.6% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $108.87 million (Q1 2026), $81.94 million (Q4 2025) and $186 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,199.60 Bn | 1,034.16 Bn | 4.75 Bn | 23.49 Bn |
| 2 | Toyota Motor | 237.87 Bn | -168.87 Bn | 20.95 Bn | 63.91 Bn |
| 3 | Ferrari | 144.10 Bn | 136.55 Bn | 1.18 Bn | 1.07 Bn |
| 4 | Honda Motor | 142.11 Bn | 9.49 Bn | 8.46 Bn | 29.57 Bn |
| 5 | General Motors | 68.70 Bn | -36.17 Bn | 7.33 Bn | 40.70 Bn |
| 6 | Ford Motor | 47.39 Bn | -95.07 Bn | 6.08 Bn | 42.22 Bn |
| 7 | Rivian Automotive | 19.48 Bn | -3.81 Bn | 179.00 Mn | 1.48 Bn |
| 8 | Magna International | 18.09 Bn | 15.65 Bn | 1.61 Bn | 9.37 Bn |
| 9 | Stellantis | 12.78 Bn | -153.22 Bn | 5.55 Bn | 44.99 Bn |
| 10 | Niu Technologies | 147.07 Mn | -539.49 Mn | 33.95 Mn | 178.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 178.34 Mn |
| Mar 31, 2026 | 108.87 Mn |
| Dec 31, 2025 | 81.94 Mn |
| Sep 30, 2025 | 186.00 Mn |
| Jun 30, 2025 | 140.05 Mn |
| Mar 31, 2025 | 77.71 Mn |
| Dec 31, 2024 | 98.26 Mn |
| Sep 30, 2024 | 125.73 Mn |
| Jun 30, 2024 | 107.44 Mn |
| Mar 31, 2024 | 56.67 Mn |
| Dec 31, 2023 | 54.61 Mn |
| Sep 30, 2023 | 99.93 Mn |
| Jun 30, 2023 | 87.89 Mn |
| Mar 31, 2023 | 47.59 Mn |
| Dec 31, 2022 | 68.83 Mn |
| Sep 30, 2022 | 126.29 Mn |
| Jun 30, 2022 | 98.53 Mn |
| Mar 31, 2022 | 73.48 Mn |
| Dec 31, 2021 | 119.82 Mn |
| Sep 30, 2021 | 152.28 Mn |
API Access
Niu Technologies Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NIU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NIU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NIU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();