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NYSE · MOTOR VEHICLES & PASSENGER CAR BODIES · LARGE CAP

NIO Inc. NIO

10 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 87.5B
▲ 33.1% YoY
CNY -14.9B
CNY -3.1B

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

NIO designs, develops, manufactures and sells smart electric vehicles. The company offers its products and services in China, Europe, Southeast Asia, the Middle East and other markets. In 2025, it delivered 326,028 vehicles. It has established three distinct brands to serve different market segments: premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small smart electric cars with the FIREFLY brand. Vehicles are produced at the company's F1, F2 and F3 manufacturing facilities in Anhui, China. As of December 31, 2025, it had 3,737 Power Swap Stations covering urban areas and expressways globally, through which over 96 million battery swaps had been completed cumulatively. It also had more than 27,000 Power Chargers and Destination Chargers in operation as of the same date.

Written from the business description in NIO Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 10 April 2026. Every sentence was checked against that document before publication.

Growth

CNY 87.5B
Revenue, FY2025 · full 10-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 87.5 · Net income -14.9
40B80B-10B-20B
2016201920222025
Compound annual growth
+21.1%
+40.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +40.0% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−17 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -16.0% · Net -17.1%
-50%-100%-150%
201620202025
ROE
FY2025 · ROE -295.1%
-100%-200%
201620202025
Three returns, three denominators.

Each CNY of equity lost 295 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow CNY B
FY2025 · FCF -3.1
-10B-20B
201620202025
Net buybacks CNY B Dividends CNY B
FY2018 · Dividends · · Net buybacks -7.5
-3B-6B
2018

Total assetsCNY 124.4B
EquityCNY 4.2B
CashCNY 11.3B
Gross debtCNY 9.3B
Net debtCNY -2.0B
Current ratio0.98×

The company holds more cash than debt.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
NIO, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue CNY B87.565.755.649.336.116.37.85.00.00.0
Operating income CNY B−14.0−21.9−22.7−15.6−4.5−4.6−11.1−9.6−5.0−2.6
EBITDA CNY B−6.9−16.0−19.3−12.8−2.8−3.6−10.1−9.1−4.8−2.6
Income tax CNY B0.1−0.00.30.10.00.00.00.00.00.0
Net income CNY B−14.9−22.4−20.7−14.4−4.0−5.3−11.3−9.6−5.0−2.6
Free cash flow CNY B−3.1−17.0−15.7−10.8−2.10.8−10.4−10.6−5.7◌
EPS, diluted CNY −6.85−11.03−12.44−8.89−6.72−4.74−11.08−70.23−346.84−210.66
Dividend / sh CNY ◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————
ROE %−295.1−142.2−83.9−49.3−13.0—————
Shares out B2.472.092.061.661.641.531.061.050.02◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 46 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. 11 checks were skipped: cost of revenue is not tagged before 2018. Nine checks were skipped: EPS is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMotor Vehicles & Passenger Car Bodies
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2016

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