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Niu Technologies (NIU) Cost of Revenue (2017 - 2025)

Niu Technologies has reported Cost of Revenue over the past 9 years, most recently at $81.9 million for Q4 2025.

  • Quarterly Cost of Revenue fell 16.6% to $81.9 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $485.7 million through Dec 2025, up 25.15% year-over-year, with the annual reading at $495.4 million for FY2025, 29.63% up from the prior year.
  • Cost of Revenue was $81.9 million for Q4 2025 at Niu Technologies, down from $186.0 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $186.0 million in Q3 2025 and troughed at $47.6 million in Q1 2023.
  • The 5-year median for Cost of Revenue is $98.4 million (2022), against an average of $99.0 million.
  • Year-over-year, Cost of Revenue surged 153.15% in 2021 and then plummeted 42.55% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at $119.8 million in 2021, then plummeted by 42.55% to $68.8 million in 2022, then decreased by 20.66% to $54.6 million in 2023, then soared by 79.91% to $98.3 million in 2024, then decreased by 16.6% to $81.9 million in 2025.
  • Per Business Quant, the three most recent readings for NIU's Cost of Revenue are $81.9 million (Q4 2025), $186.0 million (Q3 2025), and $140.0 million (Q2 2025).