Nel ASA (OSL:NEL)
Norway flag Norway · Delayed Price · Currency is NOK
1.984
+0.044 (2.27%)
Nov 6, 2026, 4:25 PM CET

Nel ASA Revenue

Nel ASA had revenue of 138.12M NOK in the quarter ending September 30, 2026, a decrease of -60.44%. This brings the company's total for the last twelve months to 832.47M, down -30.04% year-over-year. In the year 2025, Nel ASA had annual revenue of 1.10B, down -26.41%. That makes Nel ASA the 24,539th largest company in the world by revenue and 151st in Norway.

Revenue (ttm)
832.47M
Revenue Growth
-30.04%
P/S Ratio
4.90
Revenue / Employee
2.41M
Employees
309
Market Cap
3.65B

Revenue Chart

Revenue by Segment

By Segment

Chart
  • Nel Alkaline Electrolyser 562.28M 58.4%
  • Nel Pem Electrolyser 400.83M 41.6%

By Geography

Chart
  • USA 505.23M 52.5%
  • Europe Ex Norway 191.30M 19.9%
  • Norway 97.75M 10.1%
  • Asia 78.04M 8.1%
  • Oceania 54.04M 5.6%
  • Africa 13.51M 1.4%
  • South America 10.21M 1.1%
  • Other 13.03M 1.4%
Fiscal year ended Dec 31, 2025 See the full Nel ASA breakdown

Revenue History

Fiscal Year EndRevenueChangeGrowth
Dec 31, 20251.10B-394.75M-26.41%
Dec 31, 20241.49B67.79M4.75%
Dec 31, 20231.43B433.56M43.64%
Dec 31, 2022993.58M195.58M24.51%
Dec 31, 2021798.00M146.12M22.42%
Dec 31, 2020651.88M82.17M14.42%
Dec 31, 2019569.71M80.66M16.49%
Dec 31, 2018489.05M186.83M61.82%
Dec 31, 2017302.22M187.74M164.00%
Dec 31, 2016114.48M14.55M14.56%
Dec 31, 201599.93M87.86M728.11%
Dec 31, 201412.07M11.91M7,588.70%
Dec 31, 2013156.94K--
Dec 31, 2012---
Dec 31, 20113.10M2.00M183.11%
Dec 31, 20101.09M--
Dec 31, 2009---
Dec 31, 2008---
Dec 31, 200756.00K-4.00K-6.67%
Dec 31, 200660.00K-44.58K-42.63%
Dec 31, 2005104.58K--

Revenue Definition

Revenue, also called sales, is the amount of money a company receives from its business activities, such as sales of products or services. It does not take any expenses into account and is therefore different from profits.

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