NIONYSEMotor Vehicles & Passenger Car BodiesFiscal year ends December 31Also trades as NIOIF

NIO Inc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 10, 2026

$3.39−0.04 (-1.17%)

Close on Oct 19, 2026

NIO Inc. income statement

Annual Quarterly TTM

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31
Revenue	87,488	65,732	55,618	49,269	58	16,258	7,825	4,951	0	0
Cost of Revenue	75,572	59,239	52,566	44,125	29,315	14,385	9,024	5,207	–	–
Gross Profit	11,916	6,493	3,052	5,144	6,821	1,873	-1,199	-256	–	–
Research & Development	10,605	13,037	13,431	10,836	4,592	2,488	4,429	3,998	2,603	1,465
Selling, General & Admin	16,088	15,741	12,885	10,537	6,878	3,932	5,452	5,342	2,351	1,137
Selling & Marketing	–	–	–	–	–	–	–	153	16	–
Advertising Expenses	1,507	1,481	1,243	816	529	267	230	218	63	4.10
Operating Expenses	25,957	28,367	25,707	20,785	11,318	6,481	9,880	9,340	4,954	2,603
Operating Income	-14,041	-21,874	-22,655	-15,641	-4,496	-4,608	-11,079	-9,596	-4,954	-2,603
Interest Expense	885	798	404	333	637	426	371	124	18	0.06
Interest & Investment Income	–	–	–	–	–	–	–	133	19	28
Income from Equity Investments	-1,092	-503	64	378	63	-66	-64	-9.72	-5.38	–
Other Non-Operating Income	451	-98	155	-283	185	-365	66	-21	-59	3.43
Asset Impairment Charges	0	55	0	35	0	26	75	0	0	–
Gain (Loss) on Investments	–	336	–	–	–	–	–	-9.72	-5.38	–
Gain (Loss) on Sale of Assets	43	-64	4.47	-13	-31	-128	-51	-22	-6.19	-0.27
Pretax Income	-14,821	-22,425	-20,459	-14,382	-3,975	-5,298	-11,288	-9,617	-5,013	-2,569
Income Tax Expense	122	-23	261	55	42	6.37	7.89	22	7.91	4.31
Net Income incl. Noncontrolling Interests	-14,943	-22,402	-20,720	-14,437	-4,017	-5,304	-11,296	-9,639	-5,021	-2,573
Minority Interest in Earnings	18	-92	124	-157	-31	-4.96	-9.14	-42	-36	-37
Net Income to Common	-15,571	-22,658	-21,147	-14,559	-10,572	-5,611	-11,413	-23,328	-7,562	-3,518
EPS (Basic)(per share)	-6.85	-11.03	-12.44	-8.89	-6.72	-4.74	-11.08	-70.23	-346.84	-210.66
EPS (Diluted)(per share)	-6.85	-11.03	-12.44	-8.89	-6.72	-4.74	-11.08	-70.23	-346.84	-210.66
Shares Outstanding (Basic, Weighted)(shares)	2,273	2,055	1,700	1,637	1,573	1,183	1,030	332	22	17
Shares Outstanding (Diluted, Weighted)(shares)	2,273	2,055	1,700	1,637	1,573	1,183	1,030	332	22	17
EBITDA	-6,895	-15,999	-19,277	-12,788	-2,788	-3,561	-10,080	-9,121	-4,786	-2,556

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 13.6%
Operating margin: -16.0%
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: 0.98
Debt to equity: 3.36
Debt to assets: 11.2%
Cash to current liabilities: 14.3%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.