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

Niu Technologies has reported Cost of Revenue for 10 years, with the latest figure 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.
• Over five years, Cost of Revenue peaked at $186.0 million in Q3 2025 and troughed at $47.6 million in Q1 2023.
• A 5-year average of $96.5 million and a median of $98.3 million in 2024 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2022 and 2024: Cost of Revenue tumbled 42.55% in 2022, then soared 79.91% in 2024.
• Over 5 years, Cost of Revenue stood at $68.8 million in 2022, then slipped by 20.66% to $54.6 million in 2023, then jumped by 79.91% to $98.3 million in 2024, then fell by 16.6% to $81.9 million in 2025, then soared by 32.86% to $108.9 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $108.9 million, $81.9 million, and $186.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.