NIO Inc.

NIO Inc.

NIO
NIO Inc.US flagNew York Stock Exchange
3.80
USD
-0.05
- -
9.43BMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
14.91
7.6
13.75
22.98
30.1
32.71
31.99
38.5
42.04
Basic EPS, GAAP
-1.61
-3.17
-29.08
-11.08
-4.74
-6.72
-8.89
-12.44
-11.03
-6.85
-3.82
Free Cash Flow per Basic Share
-1.82
-3.62
-31.78
-10.13
0.7
-1.34
-6.62
-9.25
-8.27
-1.35
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-3.81
-11.31
6.51
-5.92
17.8
20.51
14.36
12.28
2.85
1.68
1.73
Tangible Book Value per Share
-3.81
-11.31
6.3
-6.12
17.66
20.39
14.23
12.16
2.74
1.59
1.64
Basic Weighted Avg Shares
1,573
1,573
332
1,030
1,183
1,573
1,637
1,700
2,055
2,273
2,402
Sales/Revenue/Turnover
- -
- -
4,951
7,825
16,258
36,136
49,269
55,618
65,732
87,488
100,985
Operating Margin (%)
- -
- -
-193.8
-141.59
-28.34
-12.44
-31.75
-40.73
-33.28
-16.05
-7.85
Depreciation Expense
46
168
474
1,521
1,546
2,352
3,994
4,907
7,701
9,375
- -
Net Income, GAAP
-2,536
-4,985
-9,661
-11,413
-5,611
-10,572
-14,559
-21,147
-22,658
-15,571
-9,176
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5.76
Profit Margin (%)
- -
- -
-195.12
-145.86
-34.51
-29.26
-29.55
-38.02
-34.47
-17.8
-9.09
Working Capital
148
6,691
3,576
-4,571
32,231
34,443
13,298
12,582
-425
-1,950
736
LT Debt
38
642
1,168
8,842
7,009
12,088
17,417
23,135
22,737
23,488
18,103
Total Equity
-3,916
-11,592
6,821
-6,278
31,862
34,786
24,090
29,596
13,507
12,693
14,494
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-9.14
Return on Common Equity (%)
- -
- -
- -
- -
- -
-34.17
-49.71
-85.59
-143.8
-307.52
-611.52

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
8,666
7,775
8,465
LT Borrowings
8,721
8,626
8,389
LT Finance Leases
10,253
14,862
9,713
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,464
2,474
2,506
Market Capitalization
133,711
88,268
104,252

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
63,059
76,633
79,340
Cash, Cash Equivalents & STI
24,106
11,660
31,766
Accounts Receivable, Net
1,304
1,394
1,160
Inventories
7,478
8,531
8,580
Total Current Liabilities
67,320
78,583
78,604
Payables & Accruals
58,654
65,553
70,139
ST Debt
8,666
7,775
8,465
Deferred Revenue
- -
4,282
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-11.82%
-6.03%
Free Cash Flow
- -
5.54%
-81.92%
Net Income, GAAP
- -
29.45%
-31.28%
Sales/Revenue/Turnover
- -
44.56%
33.1%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,909
17,446
18,674
19,703
65,732
2025
12,035
19,009
21,794
34,650
87,488
2026
25,533
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-2.57
-2.5
-2.5
-3.45
-11.03
2025
-3.29
-2.31
-1.51
0.05
-6.85
2026
-0.2
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Bin Li
Full Time Employees
35,032
Sector
Consumer Cyclical
Industry
Auto - Manufacturers
Address
Building 20 No. 56 AnTuo Road Anting Town Jiading District Shanghai, 201804 China Shanghai SH People's Republic of China 201804
IPO Date
Sep 12, 2018
Website
nio.com
Business
NIO Inc. (NIO) designs, develops, manufactures, and sells premium smart electric vehicles primarily in China with expanding operations in Europe and other international markets; its core product lineup includes the ES8, ES6, and ES7 SUVs in the ES series for luxury family use, the ET7, ET5, and ET5T sedans and touring vehicles in the ET series for executive and performance driving, and the Firefly and Onvo brands targeting mass-market consumers with models like the Firefly compact hatchback and Onvo L60 family SUV. The company offers an extensive suite of services encompassing the Battery-as-a-Service (BaaS) subscription model for flexible battery ownership, Power Swap stations for rapid battery exchange, NIO Power charging solutions including home chargers and mobile services, NIO User Enterprise memberships providing lifestyle perks such as exclusive events and concierge support, and advanced autonomous driving software with NAD (NIO Autonomous Driving) capabilities. Founded in 2014 and headquartered in Shanghai, China, NIO operates through subsidiaries like NIO Power for energy infrastructure and has established a global footprint with vehicle deliveries in Norway, Germany, the Netherlands, Sweden, Denmark, and the United Kingdom. In recent developments within the last two years, NIO launched the Firefly and Onvo sub-brands in 2024 to penetrate the affordable EV segment amid intensifying domestic competition, expanded its battery swap network to over 2,500 stations in China by late 2025 with plans for further growth, announced strategic partnerships including a deepened collaboration with CATL for next-generation batteries in 2025, secured additional funding through convertible notes and equity offerings totaling over $1 billion in 2024-2025 to support expansion, and achieved record quarterly deliveries exceeding 70,000 vehicles in Q3 2025 while advancing its NT3.0 vehicle platform for enhanced intelligence and performance.

Company News

  • Why Nio Stock Dropped This Week

  • NIO After Q2 Earnings: Buy, Hold or Sell the Stock Now?

  • NIO: Shrinking Losses, Industry-Leading Margins And An Undervalued Price Tag

  • NIO: Buy The Margin Turnaround, But Keep Expectations Real

  • NIO: Value Trap Risks Meet Robust Profitable Growth Prospects

  • NIO Stock Drops. The Weak Chinese Car Market Is Too Much to Overcome.

  • NIO Says China's EV Battle Is No Longer About Price—It's About Brands

  • NIO Q2 Earnings Call Centers on Margins, Cash Flow and Q4 Volume

  • QUICK SPARK: NIO Says Firefly Will Follow Apple's iPhone Playbook

  • Nio Drops 4% on J.P. Morgan Downgrade and $4.50 Price Target, XPeng and Li Auto Slip

  • Here Are Wednesday’s Top Wall Street Analyst Research Calls: Ally Financial, GitLab, GLOBAL FOUNDRIES, Martin Marietta Materials, Rocket Lab USA, Strategy, Toast, Tower Semiconductor, and More

  • NIO CEO William Li Touts ‘iPhone-Like' Firefly Strategy as EV Maker Plots New Tech Upgrades, Battery Swapping for Robotaxis

  • Stock Market Today, Sept. 1: Nio Falls on Q2 Revenue Miss Despite August Delivery Strength

  • NIO Q2: Disappointment Increases

  • Nio Falls 4% as Memory Chip Costs and Revenue Miss Overshadow Doubled Vehicle Margin, XPeng Holds Steady

  • NIO Q2: The Case Is Getting Stronger (Upgrade)

  • NIO Inc. (NIO) Q2 2026 Earnings Call Transcript

  • Nio shares slide after revenue misses estimates despite narrower loss

  • NIO Q2 Earnings Call Highlights

  • NIO Posts Surprise Profit Despite Revenue Miss