NIO Financial Statements
NYSE: NIOIndustrialsAuto ManufacturingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
NIO revenue and earnings
In fiscal 2025, NIO generated $12.51 billion in revenue, up 38.9% from fiscal 2024, its 7th consecutive year of revenue growth. NIO reported a net loss of $2.14 billion, compared with a loss of $3.07 billion a year earlier. Gross margin was 13.6% (up from 9.9%) and operating margin -16.0%.
Diluted earnings per share came in at -$0.98. Over the last 5 fiscal years, NIO's revenue has grown at a 38.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
NIO income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12.51B | 9.01B | 7.83B | 7.14B | 5.67B | 2.49B | 1.12B | 720.12M |
| Revenue growth (YoY) | +38.93% | +14.96% | +9.66% | +25.97% | +127.59% | +121.68% | +56.08% | — |
| Cost of Revenue | 10.81B | 8.12B | 7.40B | 6.40B | 4.60B | 2.20B | 1.30B | 757.33M |
| Gross Profit | 1.70B | 889.50M | 429.84M | 745.81M | 1.07B | 287.11M | -172.20M | -37.22M |
| Operating Expenses | 3.71B | 3.89B | 3.62B | 3.01B | 1.78B | 993.27M | 1.42B | 1.36B |
| Research & Development | 1.52B | 1.79B | 1.89B | 1.57B | 720.56M | 381.27M | 636.13M | 581.48M |
| Selling, General & Admin | 2.30B | 2.16B | 1.81B | 1.53B | 1.08B | 602.65M | 783.10M | 776.93M |
| Operating Income | -2.01B | -3.00B | -3.19B | -2.27B | -705.57M | -706.15M | -1.59B | -1.40B |
| Interest Expense | 126.59M | 109.38M | 56.84M | 48.31M | 100.02M | 65.29M | 53.22M | 17.98M |
| Other Income (Expense) | 64.48M | -13.45M | 21.86M | -41.02M | 28.98M | -55.93M | 9.50M | -3.10M |
| Pretax Income | -2.12B | -3.07B | -2.88B | -2.09B | -623.72M | -811.91M | -1.62B | -1.40B |
| Income Tax | 17.43M | -3.13M | 36.74M | 7.99M | 6.63M | 976.00K | 1.13M | 3.21M |
| Net Income | -2.14B | -3.07B | -2.92B | -2.09B | -630.35M | -812.89M | -1.62B | -1.40B |
| Net Income growth (YoY) | — | — | — | — | — | — | — | — |
| EPS (Basic) | -0.98 | -1.51 | -1.75 | -1.29 | -1.05 | -0.73 | -1.59 | -10.21 |
| EPS (Diluted) | -0.98 | -1.51 | -1.75 | -1.29 | -1.05 | -0.73 | -1.59 | -10.21 |
| Shares Outstanding (Basic) | 2.27B | 2.05B | 1.70B | 1.64B | 1.57B | 1.18B | 1.03B | 332.15M |
| Shares Outstanding (Diluted) | 2.27B | 2.05B | 1.70B | 1.64B | 1.57B | 1.18B | 1.03B | 332.15M |
| EBITDA | -985.92M | -2.19B | -2.72B | -1.85B | -437.54M | -545.77M | -1.45B | -1.33B |
| Gross Margin | 13.62% | 9.88% | 5.49% | 10.44% | 18.88% | 11.52% | -15.32% | -5.17% |
| Operating Margin | -16.05% | -33.28% | -40.73% | -31.75% | -12.44% | -28.34% | -141.59% | -193.81% |
| Net Margin | -17.08% | -34.08% | -37.25% | -29.30% | -11.12% | -32.62% | -144.35% | -194.68% |
This table shows 8 annual periods of NIO's income statement, from FY 2025 back to FY 2018, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow NIO's reporting calendar. What is a income statement?