Nokia (NOK) Cost of Revenue (2009 - 2025)
Nokia (NOK) posted Cost of Revenue of -$10.1 billion for Q4 2025, down 172537.6% sequentially from $5.8 million in Q3 2025, and down 215.61% YoY from $8.7 billion in Q4 2024.
Nokia (NOK) Cost of Revenue (2009 - 2025) Analysis & Trends
Nokia has reported Cost of Revenue for 14 years, with the latest figure at -$10.1 billion in Q4 2025.
- Quarterly Cost of Revenue fell 215.61% year-over-year to -$10.1 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$1.3 billion (down 106.76% YoY) and the FY2025 annual result came in at $13.1 billion, up 18.13% from the prior year.
- Cost of Revenue retreated to -$10.1 billion in Q4 2025 per NOK's latest filing, from $5.8 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $8.7 billion in Q4 2024 and troughed at -$10.1 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 438.65 Bn | 422.01 Bn | 10.08 Bn | 5.76 Bn |
| 2 | Motorola Solutions | 79.89 Bn | 79.18 Bn | 1.68 Bn | 1.46 Bn |
| 3 | Hewlett Packard Enterprise | 71.34 Bn | 66.04 Bn | 3.94 Bn | 6.74 Bn |
| 4 | Lumentum Holdings | 64.72 Bn | 61.98 Bn | 477.30 Mn | 509.80 Mn |
| 5 | Ciena | 56.27 Bn | 55.07 Bn | 691.55 Mn | 879.19 Mn |
| 6 | Nokia | 55.13 Bn | 48.38 Bn | 10.09 Bn | -10.08 Bn |
| 7 | Ericsson Lm Telephone | 33.91 Bn | 28.75 Bn | 2.58 Bn | 3.05 Bn |
| 8 | Ubiquiti | 33.46 Bn | 33.09 Bn | 370.71 Mn | 417.49 Mn |
| 9 | AST SpaceMobile | 20.56 Bn | 20.56 Bn | 9.12 Mn | 22.40 Mn |
| 10 | Zebra Technologies | 17.64 Bn | 17.49 Bn | 825.00 Mn | 732.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -10.08 Bn |
| Dec 31, 2025 | -10.08 Bn |
| Sep 30, 2025 | 5.85 Mn |
| Sep 30, 2025 | 5.85 Mn |
| Mar 31, 2025 | 42.08 Mn |
| Mar 31, 2025 | 42.08 Mn |
| Dec 31, 2024 | 8.72 Bn |
| Dec 31, 2024 | 8.72 Bn |
| Sep 30, 2024 | -129.59 Mn |
| Sep 30, 2024 | -129.59 Mn |
| Jun 30, 2024 | 3.54 Bn |
| Jun 30, 2024 | 3.54 Bn |
| Mar 31, 2024 | 7.28 Bn |
| Mar 31, 2024 | 7.28 Bn |
| Dec 31, 2020 | -11.64 Bn |
| Dec 31, 2020 | -11.64 Bn |
| Sep 30, 2020 | 17.49 Bn |
| Sep 30, 2020 | 17.49 Bn |
| Jun 30, 2020 | 10.65 Bn |
| Jun 30, 2020 | 10.65 Bn |