Niu Technologies (NIU) Cost of Revenue (2017 - 2026)

Niu Technologies (NIU) has 10 years of Cost of Revenue data on file, last reported at $108.9 million in Q1 2026.

• Quarterly Cost of Revenue rose 40.1% year-over-year to $108.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $516.9 million (up 26.33% YoY) and the FY2025 annual result came in at $495.4 million, up 29.63% from the prior year.
• Cost of Revenue climbed to $108.9 million in Q1 2026 per NIU's latest filing, from $81.9 million in the prior quarter.
• The five-year high for Cost of Revenue was $186.0 million in Q3 2025, with the low at $47.6 million in Q1 2023.
• Average Cost of Revenue over 5 years is $96.5 million, with a median of $98.3 million recorded in 2024.
• Year-over-year, Cost of Revenue sank 42.55% in 2022 and surged 79.91% in 2024.
• Niu Technologies' Cost of Revenue stood at $68.8 million in 2022, then dropped by 20.66% to $54.6 million in 2023, then surged by 79.91% to $98.3 million in 2024, then retreated by 16.6% to $81.9 million in 2025, then jumped by 32.86% to $108.9 million in 2026.
• Business Quant data shows NIU's Cost of Revenue at $108.9 million in Q1 2026, $81.9 million in Q4 2025, and $186.0 million in Q3 2025.