NIO Inc.
NIO- Exchange
- NYSE
- Industry
- Motor Vehicles & Passenger Car Bodies
- SEC CIK
- 0001736541
No open-market purchases or sales by NIO Inc. insiders were filed in the last 90 days; 425 institutions reported holding it in 13F filings for Q2 2026, worth $1.38B in total; no superinvestor holds it.
Other share classesNIOIF
- Currency
- CNY
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 2:07 PM ET
Amounts are in CNY, the currency NIO Inc. reports in. Lines marked ≈ US$ convert key figures to US dollars.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023! | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Revenue | CNY 87.5B≈ US$12.2B | CNY 65.7B≈ US$9.14B | CNY 167.2M≈ US$23.6M | CNY 49.3B≈ US$7.34B | CNY 36.1B≈ US$5.60B |
| Cost of revenue | CNY 75.6B | CNY 59.2B | CNY 52.6B | CNY 44.1B | CNY 29.3B |
| Gross profit | CNY 11.9B | CNY 6.49B | CNY 3.05B | CNY 5.14B | CNY 6.82B |
| Operating expenses | CNY 26.0B | CNY 28.4B | CNY 25.7B | CNY 20.8B | CNY 11.3B |
| Research and development | CNY 10.6B | CNY 13.0B | CNY 13.4B | CNY 10.8B | CNY 4.59B |
| Selling, general and administrative | CNY 16.1B | CNY 15.7B | CNY 12.9B | CNY 10.5B | CNY 6.88B |
| Operating income | CNY -14.0B | CNY -21.9B | CNY -22.7B | CNY -15.6B | CNY -4.50B |
| Interest expense | CNY 885.2M | CNY 798.4M | CNY 403.5M | CNY 333.2M | CNY 637.4M |
| Income tax | CNY 121.9M | CNY -22.8M | CNY 260.8M | CNY 55.1M | CNY 42.3M |
| Net income | CNY -14.9B≈ US-$2.08B | CNY -22.4B≈ US-$3.11B | CNY -20.7B≈ US-$2.93B | CNY -14.4B≈ US-$2.15B | CNY -4.02B≈ US-$622.7M |
| EPS, basic | CNY -6.85 | CNY -11.03 | CNY -12.44 | CNY -8.89 | CNY -6.72 |
| EPS, diluted | CNY -6.85 | CNY -11.03 | CNY -12.44 | CNY -8.89 | CNY -6.72 |
| Weighted shares, basic | 2.27B | 2.05B | 1.70B | 1.64B | 1.57B |
| Weighted shares, diluted | 2.27B | 2.05B | 1.70B | 1.64B | 1.57B |
| Margins and growth | |||||
| Gross margin | 13.6% | 9.9% | 1825.5% | 10.4% | 18.9% |
| Operating margin | -16.0% | -33.3% | -13551.4% | -31.7% | -12.4% |
| Net margin | -17.1% | -34.1% | -12393.7% | -29.3% | -11.1% |
| Revenue growth, year over year | +33.1% | +39,217.8% | −99.7% | +36.3% | +122.3% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025! | FY2024! | FY2023! | FY2022! | FY2021! |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Cash and equivalents | CNY 11.3B | CNY 19.3B | CNY 32.9B | CNY 19.9B | CNY 15.3B |
| Short-term investments | CNY 19.8B | CNY 14.1B | CNY 16.8B | CNY 19.2B | CNY 37.1B |
| Accounts receivable | CNY 1.39B | CNY 1.68B | CNY 4.66B | CNY 5.12B | CNY 2.82B |
| Inventory | CNY 8.53B | CNY 7.09B | CNY 5.28B | CNY 8.19B | CNY 2.06B |
| Total current assets | CNY 76.6B | CNY 61.9B | CNY 70.4B | CNY 59.1B | CNY 63.6B |
| Property, plant and equipment | CNY 25.8B | CNY 25.9B | CNY 24.8B | CNY 15.7B | CNY 7.40B |
| Intangible assets | CNY 29.6M | CNY 29.6M | CNY 29.6M | – | – |
| Total assets | CNY 124.4B≈ US$17.8B | CNY 107.6B≈ US$14.7B | CNY 117.4B≈ US$16.5B | CNY 96.3B≈ US$14.0B | CNY 82.9B≈ US$13.0B |
| Short-term debt | CNY 4.69B | CNY 5.73B | CNY 5.09B | CNY 4.04B | CNY 5.23B |
| Total current liabilities | CNY 78.6B | CNY 62.3B | CNY 57.8B | CNY 45.9B | CNY 29.2B |
| Long-term debt | CNY 8.63B | CNY 11.4B | CNY 13.0B | CNY 10.9B | CNY 9.74B |
| Total liabilities | CNY 111.7B | CNY 94.1B | CNY 87.8B | CNY 68.6B | CNY 44.8B |
| Shareholders' equity | CNY 4.14B | CNY 6.06B | CNY 25.7B | CNY 24.1B | CNY 34.8B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Operating cash flow | CNY 2.99B≈ US$416.4M | CNY -7.85B≈ US-$1.09B | CNY -1.38B≈ US-$195.2M | CNY -3.87B≈ US-$575.7M | CNY 1.97B≈ US$304.8M |
| Capital expenditures | CNY 6.07B | CNY 9.14B | CNY 14.3B | CNY 6.97B | CNY 4.08B |
| Free cash flow | CNY -3.07B≈ US-$427.5M | CNY -17.0B≈ US-$2.36B | CNY -15.7B≈ US-$2.22B | CNY -10.8B≈ US-$1.61B | CNY -2.11B≈ US-$327.5M |
| Depreciation and amortization | CNY 7.15B | CNY 5.88B | CNY 3.38B | CNY 2.85B | CNY 1.71B |
| Stock-based compensation | CNY 1.79B | CNY 1.93B | CNY 2.37B | CNY 2.30B | CNY 1.01B |
| Investing cash flow | CNY -11.5B | CNY -4.96B | CNY -10.9B | CNY 10.4B | CNY -39.8B |
| Financing cash flow | CNY 6.84B | CNY 1.77B | CNY 27.7B | CNY -1.62B | CNY 18.1B |
| Net change in cash | CNY -1.64B | CNY -10.9B | CNY 15.5B | CNY 4.78B | CNY -20.2B |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.0% | 2.9% | 1417.1% | 4.7% | 2.8% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
NIO Inc. reports no single share count on its 10-K and 10-Q covers. Companies with several share classes report one count per class, which this data doesn't include.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
- ≈ US$ figures convert CNY at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.