Nikola Corp (NKLAQ) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
4141 E BROADWAY ROAD PHOENIX, AZ 85040 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3711 - Motor Vehicles and Passenger Car Bodies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 198,301 | 256,330 | 345,637 | 464,715 | 362,850 | 226,673 | |||
| Cash and cash equivalent | 198,301 | 256,330 | 345,637 | 464,715 | 362,850 | 226,673 | |||
| Restricted cash and investments | 3,374 | 10,200 | 1,224 | 1,224 | 1,224 | 600 | |||
| Receivables | 59,812 | 44,235 | 28,778 | 23,544 | 16,534 | 23,705 | |||
| Inventory, net of allowances, customer advances and progress billings | 76,076 | 62,134 | 61,342 | 62,588 | 56,958 | 86,635 | |||
| Inventory | 76,076 | 62,134 | 61,342 | 62,588 | 56,958 | 86,635 | |||
| Prepaid expense | 9,605 | 11,620 | 7,111 | 8,300 | 11,350 | 13,744 | |||
| Capitalized contract cost | 479 | 479 | 460 | 710 | |||||
| Deposits current assets | 2,500 | 4,076 | 1,643 | 2,052 | 17,150 | ||||
| Other current assets | 2,893 | 816 | |||||||
| Other undisclosed current assets | 41,459 | 42,268 | 20,662 | 9,919 | 19,289 | 37,699 | |||
| Total current assets: | 391,520 | 430,103 | 469,309 | 572,412 | 470,717 | 406,916 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 36,106 | ||||||||
| Operating lease, right-of-use asset | 6,358 | ||||||||
| Property, plant and equipment | 490,244 | 494,023 | 484,471 | 469,851 | 483,043 | ||||
| Long-term investments and receivables | 56,197 | 56,024 | 56,905 | 57,062 | 58,193 | 58,289 | |||
| Long-term investments | 56,197 | 56,024 | 56,905 | 57,062 | 58,193 | 58,289 | |||
| Intangible assets, net (including goodwill) | 52,130 | 87,399 | 89,248 | 91,098 | 92,950 | 94,802 | |||
| Goodwill | 5,238 | 5,238 | 5,238 | 5,238 | 5,238 | ||||
| Intangible assets, net (excluding goodwill) | 52,130 | 82,161 | 84,010 | 85,860 | 87,712 | 89,564 | |||
| Deposits noncurrent assets | 17,256 | 8,887 | 9,027 | 14,954 | 16,681 | 17,329 | |||
| Restricted cash and investments | 16,086 | 16,086 | 31,386 | 28,026 | 28,026 | 68,082 | |||
| Other noncurrent assets | 12,610 | 17,392 | 11,807 | 7,889 | 11,868 | 9,040 | |||
| Other undisclosed noncurrent assets | 460,952 | ||||||||
| Total noncurrent assets: | 644,523 | 679,811 | 682,844 | 702,445 | 677,569 | 730,585 | |||
| TOTAL ASSETS: | 1,036,043 | 1,109,914 | 1,152,153 | 1,274,857 | 1,148,286 | 1,137,501 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 217,396 | 228,862 | 210,052 | 209,557 | 206,323 | 149,322 | |||
| Accounts payable | 57,161 | 55,559 | 44,909 | 44,133 | 48,809 | 45,767 | |||
| Accrued liabilities | 160,235 | 173,303 | 165,143 | 165,424 | 157,514 | 103,555 | |||
| Debt | 73,111 | 11,806 | 6,233 | 8,950 | 39,177 | 13,417 | |||
| Derivative instruments and hedges, liabilities | 8,027 | 8,871 | 29,340 | ||||||
| Other undisclosed current liabilities | 45,273 | 40,677 | 46,981 | 32,727 | 47,641 | 41,062 | |||
| Total current liabilities: | 335,780 | 281,345 | 271,293 | 260,105 | 293,141 | 233,141 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 270,018 | 266,390 | 268,345 | 269,279 | 232,371 | 348,392 | |||
| Finance lease, liability | 26,353 | 27,512 | 25,916 | 26,395 | 9,346 | 556 | |||
| Other undisclosed long-term debt and lease obligation | 243,665 | 238,878 | 242,429 | 242,884 | 223,025 | 347,836 | |||
| Liabilities, other than long-term debt | 50,999 | 38,626 | 26,240 | 26,299 | 19,206 | 33,252 | |||
| Deferred income tax liabilities | 22 | 15 | 15 | ||||||
| Other liabilities | 44,193 | 31,264 | 20,974 | 21,512 | 14,168 | 28,165 | |||
| Operating lease, liability | 6,806 | 7,362 | 5,266 | 4,765 | 5,023 | 5,072 | |||
| Total noncurrent liabilities: | 321,017 | 305,016 | 294,585 | 295,578 | 251,577 | 381,644 | |||
| Total liabilities: | 656,797 | 586,361 | 565,878 | 555,683 | 544,718 | 614,785 | |||
| Equity | |||||||||
| Equity, attributable to parent | 379,246 | 523,553 | 586,275 | 719,174 | 603,568 | 522,716 | |||
| Common stock | 6 | 5 | 134 | 133 | 99 | 77 | |||
| Additional paid in capital | 3,931,702 | 3,876,034 | 3,804,974 | 3,790,272 | 3,520,890 | 2,944,504 | |||
| Accumulated other comprehensive income (loss) | (216) | (21) | (42) | (162) | 52 | (93) | |||
| Accumulated deficit | (3,552,246) | (3,352,465) | (3,218,791) | (3,071,069) | (2,917,473) | (2,421,772) | |||
| Total equity: | 379,246 | 523,553 | 586,275 | 719,174 | 603,568 | 522,716 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,036,043 | 1,109,914 | 1,152,153 | 1,274,857 | 1,148,286 | 1,137,501 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 15,362 | |||||||
| Cost of revenue (Cost of Product and Service Sold) | (87,124) | (86,045) | (65,072) | (49,768) | (123,771) | (42,993) | ||
| Other undisclosed gross profit | 25,181 | 31,319 | 7,497 | 11,532 | (1,732) | |||
| Gross profit: | (61,943) | (54,726) | (57,575) | (38,236) | (125,503) | (27,631) | ||
| Operating expenses | (116,848) | (76,398) | (87,788) | (89,600) | (100,664) | (140,995) | ||
| Operating loss: | (178,791) | (131,124) | (145,363) | (127,836) | (226,167) | (168,626) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (9,417) | 3,893 | 860 | (10,250) | (146,654) | (5,546) | ||
| Interest and debt expense | (871) | (1,529) | (784) | (10,663) | (20,362) | |||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (10,875) | (3,941) | (2,278) | (4,705) | (52,680) | 62,141 | ||
| Loss from continuing operations before equity method investments, income taxes: | (199,954) | (132,701) | (147,565) | (153,454) | (425,501) | (132,393) | ||
| Income (loss) from equity method investments | 173 | (881) | (157) | (131) | (262) | (7,617) | ||
| Loss from continuing operations before income taxes: | (199,781) | (133,582) | (147,722) | (153,585) | (425,763) | (140,010) | ||
| Income tax expense (benefit) | (92) | (11) | (1) | |||||
| Net loss: | (199,781) | (133,674) | (147,722) | (153,596) | (425,764) | (140,010) | ||
| Other undisclosed net loss attributable to parent | (77,818) | |||||||
| Net loss available to common stockholders, diluted: | (199,781) | (133,674) | (147,722) | (153,596) | (425,764) | (217,828) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (199,781) | (133,674) | (147,722) | (153,596) | (425,764) | (140,010) | ||
| Comprehensive loss: | (199,781) | (133,674) | (147,722) | (153,596) | (425,764) | (140,010) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (195) | 21 | 120 | (214) | 145 | (76,281) | ||
| Comprehensive loss, net of tax, attributable to parent: | (199,976) | (133,653) | (147,602) | (153,810) | (425,619) | (216,291) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.