NIO
$26.96Change from previous close: +1.81%Absolute change: +$0.48
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 32,137 | 25,533 | 34,650 | 21,794 | 19,009 | 12,035 | 19,703 | 18,674 | 17,446 | 9,909 | 17,103 | 19,067 |
| Cost of revenue | 26,230 | 20,674 | 28,602 | 18,743 | 17,111 | 11,115 | 17,394 | 16,666 | 15,757 | 9,421 | 15,824 | 17,543 |
| Gross profit | 5,906 | 4,859 | 6,048 | 3,051 | 1,898 | 920 | 2,309 | 2,007 | 1,689 | 488 | 1,279 | 1,523 |
| Selling, general and administrative | 4,425 | 3,497 | 3,484 | 4,088 | 3,965 | 4,401 | 4,719 | 4,109 | 3,757 | 2,997 | 3,956 | 3,609 |
| Research and development | 2,145 | 1,885 | 1,963 | 2,218 | 3,007 | 3,181 | 3,385 | 3,319 | 3,219 | 2,864 | 3,699 | 3,039 |
| Operating income | -347 | -309 | 511 | -3,226 | -4,909 | -6,418 | -6,033 | -5,238 | -5,209 | -5,394 | -6,625 | -4,844 |
| EBIT | -347 | -309 | 511 | -3,226 | -4,909 | -6,418 | -6,033 | -5,238 | -5,209 | -5,394 | -6,625 | -4,844 |
| EBITDA | 1,439 | 1,478 | 2,298 | -1,757 | -3,161 | -4,949 | -4,564 | -4,393 | -3,884 | -4,550 | -5,781 | -4,131 |
| Interest expense | 242 | 214 | 205 | 223 | 213 | 245 | 418 | 204 | 176 | 171 | 164 | 88.5 |
| Pre-tax income | -688 | -485 | 138 | -3,579 | -5,100 | -6,890 | -7,275 | -5,113 | -5,127 | -5,257 | -5,214 | -4,632 |
| Income tax | 32.8 | 12.1 | 17.3 | 57.0 | 42.9 | 4.6 | -70.1 | 38.3 | 2.0 | 7.0 | 233 | 1.6 |
| Net income | -722 | -496 | 122 | -3,661 | -5,141 | -6,891 | -7,132 | -5,142 | -5,126 | -5,258 | -5,593 | -4,629 |
| Net income to common shareholders | -722 | -496 | 122 | -3,661 | -5,141 | -6,891 | -7,132 | -5,142 | -5,126 | -5,258 | -5,593 | -4,629 |
| Basic EPS | -0.29 | -0.20 | 0.05 | -1.51 | -2.31 | -3.29 | -3.45 | -2.50 | -2.50 | -2.57 | -3.18 | -2.67 |
| Diluted EPS | -0.29 | -0.20 | 0.05 | -1.51 | -2.31 | -3.29 | -3.45 | -2.50 | -2.50 | -2.57 | -3.18 | -2.67 |
| Average shares (basic) | 2,497 | 2,481 | 2,469 | 2,429 | 2,230 | 2,094 | 2,068 | 2,055 | 2,050 | 2,044 | 1,761 | 1,736 |
| Average shares (diluted) | 2,497 | 2,481 | 2,511 | 2,429 | 2,230 | 2,094 | 2,068 | 2,055 | 2,050 | 2,044 | 1,761 | 1,736 |