NIKOLA CORPORATION | 10-K: FY2024 Revenue: USD 68.86 M

Revenue: As of FY2024, the actual value is USD 68.86 M.

EPS: As of FY2024, the actual value is USD -17.56.

EBIT: As of FY2024, the actual value is USD -939.28 M.

Segment Revenue

• Truck Sales: Revenue from truck sales increased by $32.1 million, or 107%, from $30.1 million in 2023 to $62.2 million in 2024, primarily due to an increase in truck shipments.
• Service and Other: Revenue from service and other increased by $0.9 million, or 15%, from $5.8 million in 2023 to $6.7 million in 2024, driven by regulatory credit sales, service, and hydrogen, partially offset by a reduction in deliveries of MCTs and other charging products.

Operational Metrics

• Gross Loss: Increased by $16.4 million, or 8%, from $214.1 million in 2023 to $230.4 million in 2024.
• Operating Expenses: Total operating expenses increased by $250.3 million, or 57%, from $435.8 million in 2023 to $686.0 million in 2024, primarily due to impairment expenses.
• Net Loss from Continuing Operations: Increased by $93.6 million, or 11%, from $864.6 million in 2023 to $958.2 million in 2024.

Cash Flow

• Net Cash Used in Operating Activities: Increased by $25.3 million, from $496.2 million in 2023 to $521.5 million in 2024.
• Net Cash Used in Investing Activities: Decreased by $41.5 million, from $66.7 million in 2023 to $25.2 million in 2024.
• Net Cash Provided by Financing Activities: Decreased by $568.6 million, from $743.0 million in 2023 to $174.4 million in 2024.

Unique Metrics

• Impairment Expense: Recognized impairment charges totaling $336.8 million in 2024, including $213.5 million for property, plant, and equipment, $47.2 million for indefinite-lived intangible assets, and $29.9 million for finite-lived intangible assets.

Outlook / Guidance

• The Company has ceased business operations and is in the process of winding down its remaining operations following the sale of substantially all of its assets through bankruptcy proceedings.