NIO Inc. (NIO) — Financial statements
Income statement, balance sheet, and cash flow for NIO Inc. — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 85,104↑29.5% | 65,732↑18.2% | 55,618↑12.9% | 49,269↑36.3% | 36,136 | |
| Cost of Revenue | 73,513↑24.1% | 59,239↑12.7% | 52,566↑19.1% | 44,125↑50.5% | 29,315 | |
| Gross Profit | 11,591↑78.5% | 6,493↑112.8% | 3,052↓40.7% | 5,144↓24.6% | 6,821 | |
| Operating Expenses | ||||||
| R&D Expenses | 10,316↓20.9% | 13,037↓2.9% | 13,431↑23.9% | 10,836↑136.0% | 4,592 | |
| General & Administrative Expenses | 0.00↓100.0% | 11,043↑18.7% | 9,305↑17.1% | 7,943↑63.5% | 4,859 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 3,409↑29.0% | 2,643↑48.8% | 1,776↑24.3% | 1,428 | |
| SG&A Expenses | 15,649↑8.3% | 14,452↑21.0% | 11,948↑22.9% | 9,719↑54.6% | 6,288 | |
| Other Expenses | 0.00↓100.0% | 877↑167.6% | 328↑42.9% | 229↓47.7% | 438 | |
| Operating Expenses | 25,966↓8.5% | 28,367↑10.3% | 25,707↑23.7% | 20,785↑83.6% | 11,318 | |
| Total Costs & Expenses | 99,478↑13.6% | 87,606↑11.9% | 78,273↑20.6% | 64,909↑59.7% | 40,633 | |
| Operating Results | ||||||
| Operating Income | -14,374↑34.3% | -21,874↑3.4% | -22,655↓44.8% | -15,641↓247.9% | -4,496 | |
| Depreciation & Amortization | 0.00↓100.0% | 7,701↑56.9% | 4,907↑22.9% | 3,994↑69.8% | 2,352 | |
| EBITDA | -14,374↓3.2% | -13,925↑8.1% | -15,148↓50.7% | -10,055↓920.4% | -985 | |
| EBIT | -14,374↑33.5% | -21,626↓7.8% | -20,055↓42.8% | -14,049↓321.0% | -3,337 | |
| Interest & Other Income | ||||||
| Net Interest Income | -120↓317.1% | 55↓96.9% | 1,806↑76.2% | 1,026↑273.7% | 274 | |
| Interest Income | 741↓13.2% | 854↓61.4% | 2,210↑62.7% | 1,359↑49.0% | 912 | |
| Interest Expense | 861↑7.9% | 798↑97.8% | 404↑21.1% | 333↓47.7% | 637 | |
| Non-Operating Income | 0.00↑100.0% | -248↑90.5% | -2,600↓63.3% | -1,592↓37.3% | -1,159 | |
| Other Income / Expenses | -42↑92.3% | -550↓125.1% | 2,196↑74.5% | 1,259↑141.3% | 522 | |
| Income Before Tax | -14,417↑35.7% | -22,425↓9.6% | -20,459↓42.3% | -14,382↓261.8% | -3,975 | |
| Income Tax Expense | 119↑619.7% | -23↓108.7% | 261↑373.4% | 55↑30.4% | 42 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -14,535↑35.1% | -22,402↓8.1% | -20,720↓43.5% | -14,437↓259.4% | -4,017 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -14,553↑35.8% | -22,658↓7.1% | -21,147↓45.2% | -14,559↓37.7% | -10,572 | |
| Bottom-Line Net Income | -15,146↑33.2% | -22,658↓7.1% | -21,147↓45.2% | -14,559↓37.7% | -10,572 | |
| EPS (Basic) | -6.64↑39.8% | -11.03↑11.3% | -12.44↓39.9% | -8.89↓32.3% | -6.72 | |
| EPS (Diluted) | -6.64↑39.8% | -11.03↑11.3% | -12.44↓39.9% | -8.89↓32.3% | -6.72 | |
| Weighted Average Shares | 2,273↑10.6% | 2,055↑20.9% | 1,700↑3.9% | 1,637↑4.1% | 1,573 | |
| Weighted Average Diluted Shares | 2,273↑10.6% | 2,055↑20.9% | 1,700↑3.9% | 1,637↑4.1% | 1,573 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.