NIO Inc. Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	87,488	65,732	55,618	49,269	36,136
Revenue Growth (YoY)	33.10%	18.18%	12.89%	36.34%	122.27%
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 & Admin	16,088	15,741	12,885	10,537	6,878
Research & Development	10,605	13,037	13,431	10,836	4,592
Other Operating Expenses	735.8	411.53	608.98	588.73	152.25
Total Operating Expenses	27,429	29,190	26,925	21,962	11,622
Operating Income	-14,041	-21,874	-22,655	-15,641	-4,496
Interest Income	761.66	853.73	2,210	1,359	911.83
Interest Expense	-885.25	-798.36	-403.53	-333.22	-637.41
Other Non-Operating Income (Expense)	-655.89	-605.82	389.78	233.16	247.2
Total Non-Operating Income (Expense)	-779.48	-550.45	2,196	1,259	521.62
Pretax Income	-14,821	-22,425	-20,459	-14,382	-3,975
Provision for Income Taxes	121.88	-22.82	260.84	55.1	42.27
Net Income	-15,571	-22,658	-21,147	-14,559	-10,572
Minority Interest in Earnings	628.08	255.98	427.21	122.34	6,555
Net Income to Common	-15,571	-22,658	-21,147	-14,559	-10,572
Shares Outstanding (Basic)	2,273	2,055	1,700	1,637	1,573
Shares Outstanding (Diluted)	2,273	2,055	1,700	1,637	1,573
Shares Change (YoY)	10.61%	20.84%	3.86%	4.09%	32.98%
EPS (Basic)	-6.85	-11.03	-12.44	-8.89	-6.72
EPS (Diluted)	-6.85	-11.03	-12.44	-8.89	-6.72
Shares Outstanding	2,245	2,092	2,055	1,662	1,644
Free Cash Flow	0	-16,991	-15,722	-10,839	-2,112
Free Cash Flow Per Share	-	-8.27	-9.25	-6.62	-1.34
Gross Margin	13.62%	9.88%	5.49%	10.44%	18.88%
Operating Margin	-16.05%	-33.28%	-40.73%	-31.75%	-12.44%
Profit Margin	-17.08%	-34.08%	-37.25%	-29.30%	-11.12%
FCF Margin	0.00%	-25.85%	-28.27%	-22.00%	-5.85%
EBITDA	-14,041	-14,173	-17,748	-11,647	-2,144
EBITDA Margin	-16.05%	-21.56%	-31.91%	-23.64%	-5.93%
EBIT	-14,041	-21,874	-22,655	-15,641	-4,496
EBIT Margin	-16.05%	-33.28%	-40.73%	-31.75%	-12.44%
Effective Tax Rate	-0.82%	0.10%	-1.27%	-0.38%	-1.06%

Updated Mar 10, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q