Nikola Historical Income Statement
| NKLA Stock | USD 1.96 0.01 0.51% |
Historical analysis of Nikola Corp income statement accounts such as Interest Income of 172.7 K can show how well Nikola Corp performed in making a profits. Evaluating Nikola Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Nikola Corp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Nikola Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Nikola Corp is a good buy for the upcoming year.
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About Nikola Income Statement Analysis
Nikola Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Nikola Corp shareholders. The income statement also shows Nikola investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Nikola Corp Income Statement Chart
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Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Total Revenue
Total revenue comprises all receipts Nikola Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Nikola Corp. It is also known as Nikola Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Nikola Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Nikola Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nikola Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.At present, Nikola Corp's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 12.6 K, whereas EBIT is projected to grow to (733.6 M).
| 2023 | 2024 (projected) | Depreciation And Amortization | 35.9M | 37.7M | Interest Income | 181.8K | 172.7K |
Nikola Corp income statement Correlations
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Nikola Corp Account Relationship Matchups
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Nikola Corp income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 3.8M | 32.8M | 481K | 17.7M | 76.0M | 79.8M | |
| Ebit | (88.0M) | (368.3M) | (693.5M) | (699.8M) | (772.2M) | (733.6M) | |
| Net Income Applicable To Common Shares | (105.5M) | (397.7M) | (690.4M) | (784.2M) | (705.8M) | (670.5M) | |
| Income Tax Expense | 151K | (1.0M) | 4K | 6K | 12K | 12.6K | |
| Net Interest Income | 1.5M | 202K | (481K) | (17.7M) | (78.2M) | (74.3M) | |
| Depreciation And Amortization | 5.7M | 6.0M | 8.2M | 22.8M | 35.9M | 37.7M | |
| Selling General Administrative | 910.2K | 182.0M | 398.7M | 368.2M | 196.8M | 210.3M | |
| Selling And Marketing Expenses | 19.8M | 700K | 1.9M | 2M | 1.8M | 1.7M | |
| Other Operating Expenses | 88.5M | 368.4M | 693.5M | 799.5M | 685.7M | 496.1M | |
| Operating Income | (88.0M) | (368.3M) | (693.5M) | (748.7M) | (649.8M) | (682.3M) | |
| Net Income From Continuing Ops | (88.7M) | (383.7M) | (686.9M) | (784.2M) | (933.1M) | (886.4M) | |
| Research Development | 67.5M | 185.6M | 293.0M | 273.8M | 208.2M | 199.2M | |
| Ebitda | (82.3M) | (362.3M) | (685.3M) | (677.0M) | (736.3M) | (699.5M) | |
| Total Operating Expenses | 88.2M | 368.3M | 693.5M | 643.9M | 435.8M | 421.7M | |
| Reconciled Depreciation | 2.3M | 6.0M | 8.2M | 23.3M | 35.6M | 37.4M | |
| Income Before Tax | (88.5M) | (384.7M) | (686.9M) | (763.6M) | (848.2M) | (805.8M) | |
| Total Other Income Expense Net | (510K) | (3.6M) | 6.7M | (35.5M) | (198.4M) | (188.4M) | |
| Net Income | (88.7M) | (383.7M) | (686.9M) | (763.6M) | (966.3M) | (918.0M) |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Nikola Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nikola Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nikola Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikola Corp Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nikola Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Construction Machinery & Heavy Transportation Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nikola Corp. If investors know Nikola will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nikola Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (12.34) | Revenue Per Share 1.691 | Quarterly Revenue Growth 1.039 | Return On Assets (0.31) | Return On Equity (1.29) |
The market value of Nikola Corp is measured differently than its book value, which is the value of Nikola that is recorded on the company's balance sheet. Investors also form their own opinion of Nikola Corp's value that differs from its market value or its book value, called intrinsic value, which is Nikola Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nikola Corp's market value can be influenced by many factors that don't directly affect Nikola Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nikola Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nikola Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nikola Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.