Nokia (NOK) Cost of Revenue (2009 - 2025)
Nokia (NOK) posted quarterly Cost of Revenue of -$9.9 billion for Q4 2025, down 206.13% year-on-year from $9.3 billion in Q4 2024, and down 173280.0% on a QoQ basis from $5.7 million in Q3 2025.
Nokia (NOK) Cost of Revenue (2009 - 2025) Analysis & Trends
Nokia (NOK) has reported Cost of Revenue for 14 consecutive years, with -$9.9 billion the latest figure, recorded in Q4 2025.
- Quarterly Cost of Revenue fell 206.13% year-over-year to -$9.9 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$517.8 million (down 102.52% YoY) and the FY2025 annual result came in at $12.8 billion, up 8.44% from the prior year.
- Cost of Revenue slipped to -$9.9 billion in Q4 2025 per NOK's latest filing, from $5.7 million in the prior quarter.
- Over the last five years, Cost of Revenue for NOK reached as high as $9.3 billion in Q4 2024 and fell as low as -$9.9 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 | 453.08 Bn | 436.44 Bn | 10.08 Bn | 5.76 Bn |
| 2 | Motorola Solutions | 70.40 Bn | 69.51 Bn | 1.36 Bn | 1.35 Bn |
| 3 | Hewlett Packard Enterprise | 64.04 Bn | 59.20 Bn | 9.10 Bn | 204.00 Mn |
| 4 | Ciena | 53.20 Bn | 51.90 Bn | 625.52 Mn | 801.52 Mn |
| 5 | Lumentum Holdings | 51.31 Bn | 48.14 Bn | 357.00 Mn | 432.10 Mn |
| 6 | Nokia | 49.83 Bn | 42.52 Bn | 9.86 Bn | -9.85 Bn |
| 7 | Ubiquiti | 32.53 Bn | 32.16 Bn | 370.71 Mn | 417.49 Mn |
| 8 | Ericsson Lm Telephone | 32.22 Bn | 26.54 Bn | 2.53 Bn | 3.00 Bn |
| 9 | AST SpaceMobile | 16.80 Bn | 16.80 Bn | 3.67 Mn | 11.06 Mn |
| 10 | Zebra Technologies | 13.05 Bn | 12.94 Bn | 742.00 Mn | 753.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -9.85 Bn |
| Dec 31, 2025 | -9.85 Bn |
| Sep 30, 2025 | 5.69 Mn |
| Sep 30, 2025 | 5.69 Mn |
| Mar 31, 2025 | 45.52 Mn |
| Mar 31, 2025 | 45.52 Mn |
| Dec 31, 2024 | 9.28 Bn |
| Dec 31, 2024 | 9.28 Bn |
| Sep 30, 2024 | -134.28 Mn |
| Sep 30, 2024 | -134.28 Mn |
| Jun 30, 2024 | 3.74 Bn |
| Jun 30, 2024 | 3.74 Bn |
| Mar 31, 2024 | 7.63 Bn |
| Mar 31, 2024 | 7.63 Bn |
| Dec 31, 2020 | -11.11 Bn |
| Dec 31, 2020 | -11.11 Bn |
| Sep 30, 2020 | 17.04 Bn |
| Sep 30, 2020 | 17.04 Bn |
| Jun 30, 2020 | 11.00 Bn |
| Jun 30, 2020 | 11.00 Bn |