NIO
$26.78Change from previous close: +1.13%Absolute change: +$0.30
At a glance
- Revenue growth
- +33.10%
- 2025 vs 2024
- Net margin
- -17.8%
- 2024: -34.5%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 87,488 | 65,732 | 55,618 | 49,269 | 36,136 |
| Cost of revenue | 75,572 | 59,239 | 52,566 | 44,125 | 29,315 |
| Gross profit | 11,916 | 6,493 | 3,052 | 5,144 | 6,821 |
| Selling, general and administrative | 15,937 | 15,582 | 12,868 | 10,445 | 6,733 |
| Research and development | 10,369 | 12,787 | 13,158 | 10,643 | 4,538 |
| Operating income | -14,041 | -21,874 | -22,655 | -15,641 | -4,496 |
| EBIT | -14,041 | -21,874 | -22,655 | -15,641 | -4,496 |
| EBITDA | -6,895 | -15,999 | -19,277 | -12,788 | -2,788 |
| Interest expense | 885 | 798 | 404 | 333 | 637 |
| Pre-tax income | -15,431 | -22,772 | -20,762 | -14,661 | -10,561 |
| Income tax | 122 | -22.8 | 261 | 55.1 | 42.3 |
| Net income | -15,571 | -22,658 | -21,147 | -14,559 | -10,572 |
| Net income to common shareholders | -15,571 | -22,658 | -21,147 | -14,559 | -10,572 |
| Basic EPS | -6.85 | -11.03 | -12.44 | -8.89 | -6.72 |
| Diluted EPS | -6.85 | -11.03 | -12.44 | -8.89 | -6.72 |
| Average shares (basic) | 2,273 | 2,055 | 1,700 | 1,637 | 1,573 |
| Average shares (diluted) | 2,273 | 2,055 | 1,700 | 1,637 | 1,573 |