NIO Inc. (NIO)
NIO Inc., a company based in Shanghai, China, specializes in the design, development, production, and sale of intelligent electric vehicles. Their product range includes five and six-seater electric SUVs, alongside smart electric sedans. Beyond manufacturing vehicles, NIO offers an extensive ecosystem of power solutions. These encompass home charging options (Power Home), an innovative battery swapping service (Power Swap), various public charging infrastructure like Power Charger and Destination Charger, and mobile charging vans (Power Mobile). Customers also benefit from the Power Map application, which provides real-time data on public charging networks, and the convenient One Click for Power valet charging service. The company provides a wide array of after-sales and customer support services. These include vehicle repairs, maintenance, and bodywork, available through both official NIO service centers and approved third-party facilities. They also facilitate insurance offerings, such as statutory, third-party liability, and vehicle damage policies, in collaboration with external insurers. Additional provisions cover roadside assistance, courtesy vehicle access, data package subscriptions, and automotive financing or leasing arrangements. Furthermore, NIO bundles energy and other service packages for its users. Internally, NIO is deeply involved in technological design and development, as well as the manufacturing of crucial electric vehicle components like e-powertrains and battery packs. They also oversee their sales and post-sales management operations. To complete its offerings, the company operates NIO Certified, a program dedicated to the inspection, evaluation, acquisition, and resale of pre-owned vehicles. Founded in 2014, the company was initially known as NextEV Inc. before officially changing its name to NIO Inc. in July 2017.
Sector: Motor Vehicles & Passenger Car Bodies
Industry: Auto - Manufacturers
NIO Inc.
NYSE:NIOConsumer Cyclical · Auto - Manufacturers
PrePre-market-0.91%$3.36
Close$3.39-0.29%AH$3.38-0.62%Now$3.36
Close$3.39+5.94%AH$3.38-0.62%since
Mkt Cap$8.49B
Float2.03B
O/S2.51B
PM VOL313K sh
$ Vol≈$1.05M
RVOL0.85×
Inst Own10.9%
Dilution
Financials Summary
Revenue$13.11B
Net Income-$2.24B
Total Assets$18.66B
Free Cash Flow-$460.57M
Debt & Equity
Debt 86%
Equity 14%
Total Debt$3.93B
Total Equity$623.88M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NIO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$18.66B
Liabilities$16.76B
Accounts Receivable$2.62B
Accounts Payable$8B
Inventory$1.28B
PP&E (Net)$5.63B
Goodwill$0
Intangible Assets$4.45M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Revenue | $13.11B | $9.85B | $8.34B | $7.39B | $5.42B | $2.44B | $1.17B | $742.16M | $0 | $0 |
| YoY Growth | 33.1% | 18.2% | 12.9% | 36.3% | 122.3% | 107.8% | 58.0% | - | - | - |
| Cost of Revenue | $11.33B | $8.88B | $7.88B | $6.61B | $4.39B | $2.16B | $1.35B | $780.52M | $0 | $0 |
| Gross Profit | $1.79B | $973.24M | $457.45M | $771.06M | $1.02B | $280.82M | -$179.7M | -$38.35M | $0 | $0 |
| Gross Margin | 13.6% | 9.9% | 5.5% | 10.4% | 18.9% | 11.5% | -15.3% | -5.2% | - | - |
| Research and Development | $1.59B | $1.95B | $2.01B | $1.62B | $688.3M | $372.91M | $663.83M | $599.28M | $390.16M | $219.65M |
| Selling, General, and Administrative | $2.21B | $2.17B | $1.79B | $1.46B | $942.47M | $528.67M | $732.39M | $763.27M | $354.22M | $172.03M |
| Other | $88.9M | $131.5M | $49.14M | $34.39M | $65.71M | $69.91M | $84.81M | $37.44M | -$1.85M | -$1.57M |
| Total Operating Expenses | $3.89B | $4.25B | $3.85B | $3.12B | $1.7B | $971.49M | $1.48B | $1.4B | $742.52M | $390.11M |
| Operating Income (EBIT) | -$2.1B | -$3.28B | -$3.4B | -$2.34B | -$673.98M | -$690.67M | -$1.66B | -$1.44B | -$742.52M | -$390.11M |
| Operating Margin | -16.0% | -33.3% | -40.7% | -31.7% | -12.4% | -28.3% | -141.6% | -193.8% | - | - |
| Interest Expense | $132.7M | $119.67M | $60.49M | $49.95M | $95.55M | $63.86M | $55.54M | $18.53M | $2.71M | $8K |
| Interest Income | $114.17M | $127.97M | $331.27M | $203.67M | $136.68M | $25.02M | $24.03M | $19.99M | $2.84M | $4.13M |
| Other Income (Expense) | -$116.84M | -$82.51M | $329.21M | $188.67M | $78.19M | -$103.44M | -$31.26M | -$3.2M | -$395.22M | -$142.05M |
| Income Before Tax (EBT) | -$2.22B | -$3.36B | -$3.07B | -$2.16B | -$595.79M | -$794.11M | -$1.69B | -$1.44B | -$1.14B | -$532.16M |
| Income Tax Expense | $18.27M | -$3.42M | $39.1M | $8.26M | $6.34M | $955K | $1.18M | $3.3M | $1.19M | $647K |
| Net Income | -$2.24B | -$3.4B | -$3.17B | -$2.18B | -$1.58B | -$841.03M | -$1.71B | -$1.45B | -$747.19M | -$380.18M |
| Net Income Margin | -17.1% | -34.5% | -38.0% | -29.6% | -29.3% | -34.5% | -145.9% | -195.1% | - | - |
| Supplementary Data | ||||||||||
| EPS | -6.85 | -11.03 | -12.44 | -8.89 | -6.72 | -4.74 | -11.08 | -9.29 | -1.07 | -0.50 |
| Diluted EPS | -6.85 | -11.03 | -12.44 | -8.89 | -6.72 | -4.74 | -11.08 | -9.29 | -1.07 | -0.50 |
| Weighted Average OS | 2.27B | 2.06B | 1.70B | 1.64B | 1.57B | 1.18B | 1.03B | 1.04B | 1.05B | 1.05B |
| EBITDA | -$683.55M | -$2.09B | -$2.27B | -$1.51B | -$147.7M | -$498.55M | -$1.41B | -$1.35B | -$724.12M | -$383.2M |
| EBITDA Margin | -5.2% | -21.2% | -27.2% | -20.4% | -2.7% | -20.5% | -120.1% | -182.2% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $3.9B | $2.9B | $4.94B | $2.98B | $2.3B | $5.76B | $129.34M | $469.75M | $1.13B | $87.13M |
| Short-Term Investments | $2.96B | $414.51M | $2.52B | $2.87B | $5.55B | $592.2M | $16.64M | $772.67M | $0 | $1.28M |
| Cash and Short-Term Investments | $6.87B | $3.31B | $7.46B | $5.85B | $7.85B | $6.35B | $145.97M | $1.24B | $1.13B | $87.13M |
| Accounts Receivable | $2.62B | $251.26M | $698.16M | $767.19M | $419.38M | $186.28M | $202.67M | $113.4M | $73.96M | $27.41M |
| Inventory | $1.28B | $1.06B | $791.11M | $1.23B | $308.24M | $162.12M | $133.34M | $219.63M | $13.41M | $0 |
| Other Current Assets | $728M | $4.48B | $1.48B | $882.96M | $920.96M | $206.35M | $232.4M | $195.26M | $3.48M | $0 |
| Total Current Assets | $11.49B | $9.28B | $10.55B | $8.87B | $9.54B | $6.93B | $738.69M | $1.82B | $1.25B | $131.16M |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $5.63B | $6B | $5.62B | $3.45B | $1.56B | $951.32M | $1.13B | $727.47M | $294.08M | $127.35M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $4.45M | $34.72M | $35.52M | $31.87M | $29.85M | $30.67M | $31.53M | $32.55M | $668K | $951K |
| Long-Term Investments | $385.3M | $468.58M | $822.51M | $952.8M | $458.59M | $44.99M | $17.29M | $22.23M | $7.06M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $92K | $0 | $1.19M | $19.51M | $0 |
| Other Long-Term Assets | $1.14B | $353.81M | $569.37M | $1.13B | $838.8M | $237.33M | $269.46M | $216.8M | $2.16M | $5.92M |
| Total Long-Term Assets | $7.16B | $6.85B | $7.05B | $5.56B | $2.88B | $1.26B | $1.45B | $1B | $323.48M | $134.22M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $18.66B | $16.13B | $17.6B | $14.43B | $12.42B | $8.19B | $2.19B | $2.82B | $1.57B | $265.39M |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $8B | $5.15B | $4.46B | $1.91B | $1.89B | $954.58M | $466.43M | $430.19M | $35.08M | $0 |
| Short-Term Debt | $1.13B | $1.37B | $1.47B | $791.02M | $1.09B | $289.38M | $181.08M | $310.11M | $12.56M | $2.94M |
| Current Income Tax Payable | $0 | $59.98M | $52.37M | $42.92M | $94.1M | $27.23M | $6.59M | $7.69M | $4.51M | $3.06M |
| Current Unearned Revenue | $0 | $610.81M | $428.11M | $315.91M | $207.55M | $150.55M | $72.89M | $51.27M | $10.26M | $0 |
| Other Current Liabilities | $2.6B | $97.83M | $106.32M | $1.98B | $82.54M | $53.68M | $30.68M | $20.07M | $0 | $0 |
| Total Current Liabilities | $11.79B | $9.34B | $8.66B | $6.87B | $4.38B | $2.09B | $1.42B | $1.29B | $242.61M | $108.91M |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $1.29B | $1.71B | $1.96B | $1.63B | $1.46B | $890.12M | $1.07B | $175.08M | $96.29M | $5.62M |
| Long-Term Unearned Revenue | $0 | $515.19M | $505.9M | $389.41M | $264.44M | $150.53M | $95.42M | $81.76M | $4.56M | $2.94M |
| Long-Term Deferred Tax Liabilities | $16.9M | $19.11M | $31.83M | $32.71M | $3.78M | $552.68M | $122.8M | $117.48M | $0 | $734.89M |
| Other Long-Term Liabilities | $2.14B | $822.33M | $489.65M | $379.49M | $752.86M | $269.03M | $159.34M | $139.52M | $2.96B | $72K |
| Total Long-Term Liabilities | $4.97B | $4.76B | $4.5B | $3.41B | $2.83B | $2.02B | $1.7B | $513.85M | $3.06B | $743.52M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $16.76B | $14.1B | $13.16B | $10.29B | $7.21B | $4.12B | $3.13B | $1.8B | $3.31B | $852.43M |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.95B | $728.73M |
| Common Stock | $0 | $549K | $543K | $438K | $433K | $402K | $274K | $271K | $9K | $8K |
| Retained Earnings | $0 | -$16.95B | -$13.6B | -$10.48B | -$8.34B | -$7.74B | -$6.94B | -$5.25B | -$1.76B | -$611.12M |
| Comprehensive Income & Other | $0 | $87.34M | $64.9M | $155.29M | -$41.42M | -$9.81M | -$30.44M | -$5.2M | -$2.09M | $16.56M |
| Other Stockholders' Equity | $623.88M | $17.84B | $17.43B | $14.06B | $13.54B | $11.81B | $6B | $6.28B | $16.31M | $25.8M |
| Total Equity | $623.88M | $894.43M | $3.83B | $3.58B | $5.2B | $4.07B | -$944.3M | $1.02B | -$1.74B | -$585.31M |
| Minority Interest | $1.28B | $1.13B | $607.05M | $566.4M | $11.34M | $319K | $3.31M | -$2.38M | $1.7M | -$1.74M |
| Total Liabilities and Equity | $17.38B | $15B | $16.99B | $13.86B | $12.41B | $8.19B | $2.18B | $2.83B | $1.57B | $267.12M |
| Supplementary Data | ||||||||||
| Total Debt | $3.93B | $5.07B | $5.21B | $3.55B | $3.01B | $1.43B | $1.6B | $485.19M | $108.86M | $8.56M |
| Net Debt | $31.48M | $2.17B | $268.31M | $572.36M | $714.28M | -$4.33B | $1.46B | $15.44M | -$1.02B | -$78.58M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Operating Activities | ||||||||||
| Net Income | -$2.24B | -$3.4B | -$3.17B | -$2.18B | -$1.58B | -$795.06M | -$1.69B | -$1.44B | -$752.65M | -$385.72M |
| Depreciation & Amortization | $1.41B | $1.15B | $735.61M | $598.69M | $352.54M | $231.7M | $227.99M | $71.08M | $25.16M | $6.91M |
| Deferred Income Tax | -$2.21M | $0 | $0 | $0 | $0 | $1.45M | $0 | $6.25M | $5.46M | $5.54M |
| Stock-Based Compensation | $268.42M | $289.08M | $355.11M | $344.15M | $151.42M | $28.04M | $49.99M | $101.85M | $13.54M | $11.49M |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | -$1.21B | $447.56M | $67.96M | -$345.26M | -$257.48M | $35.66M | -$102.16M | -$113.4M | $0 | $0 |
| Inventory | -$466.96M | -$267.71M | $434.02M | -$937.98M | -$148.48M | -$29.65M | $85.32M | -$206.24M | -$13.41M | $0 |
| Accounts Payable | $2.74B | $0 | $0 | $0 | $0 | $488.14M | $17.47M | $423.78M | $0 | $0 |
| Other Working Capital | -$185.17M | -$353.52M | $720.22M | $225.23M | -$199.58M | $229.82M | $64.86M | -$28.35M | $33.01M | $38.5M |
| Total Working Capital Change | $871.24M | -$173.67M | $1.22B | -$1.06B | -$605.54M | $723.98M | $65.48M | $75.8M | $19.6M | $38.5M |
| Other Non-Cash Items | $145.66M | $950.03M | $649.84M | $1.72B | $1.98B | $102.32M | $42.37M | $3.92M | $3.17M | -$6.73M |
| Net Cash from Operating | $448.58M | -$1.18B | -$207.09M | -$579.5M | $294.75M | $292.43M | -$1.31B | -$1.19B | -$685.73M | -$330.01M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$909.15M | -$1.37B | -$2.15B | -$1.05B | -$611.39M | -$169.04M | -$255.84M | -$396.32M | -$166.97M | -$98.1M |
| Acquisitions | -$84.76M | $0 | $0 | $0 | $0 | -$37.6M | $6.77M | -$16.62M | -$11.97M | $0 |
| Purchases of Investments | -$4.41B | $0 | $0 | $0 | $0 | -$1.14B | -$330.19M | -$1.21B | -$200.47M | -$351.7M |
| Sales of Investments | $3.67B | $0 | $0 | $0 | $0 | $560.38M | $1.09B | $440.09M | $201M | $467.46M |
| Other Investing Activities | $17.01M | $627.13M | $517.95M | $2.6B | -$5.35B | $24.44M | $0 | -$4.69M | $0 | $0 |
| Net Cash from Investing | -$1.72B | -$743.26M | -$1.63B | $1.56B | -$5.96B | -$760.13M | $506.96M | -$1.19B | -$178.42M | $17.66M |
| Financing Activities | ||||||||||
| Debt Repaid | $820.67M | $244.93M | -$991.42M | $248.71M | -$1.98B | -$551.23M | -$456.31M | -$394.39M | -$93.13M | -$5.62M |
| Common Stock Issuance | $1.79B | $0 | $0 | $0 | $0 | $5.19B | $7.61M | $1.13B | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.12M | $0 | -$1.26M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $54.79M | $510.62M | $3.16B | $6.42M | $737.66M | $456.74M | $11.48M | $205.32M | $2.94M | $0 |
| Net Cash from Financing | $1.03B | $265.69M | $4.15B | -$242.29M | $2.72B | $6.2B | $463.92M | $1.74B | $1.93B | $343.67M |
| Forex Effect | -$2.44M | $24.14M | $10.53M | -$18.27M | -$75.09M | -$102.24M | $1.52M | -$8.54M | -$25.2M | $6.08M |
| Net Change in Cash | -$245.68M | -$1.63B | $2.32B | $716.61M | -$3.02B | $5.63B | -$334.95M | -$645.52M | $1.04B | $37.4M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | $448.58M | -$1.18B | -$207.09M | -$579.5M | $294.75M | $292.43M | -$1.31B | -$1.19B | -$685.73M | -$330.01M |
| Capital Expenditure | -$909.15M | -$1.37B | -$2.15B | -$1.05B | -$611.39M | -$169.04M | -$255.84M | -$396.32M | -$166.97M | -$98.1M |
| Free Cash Flow | -$460.57M | -$2.55B | -$2.36B | -$1.62B | -$316.64M | $123.4M | -$1.56B | -$1.58B | -$852.7M | -$428.11M |
| Cash at Beginning | $4.16B | $5.79B | $3.47B | $2.75B | $5.78B | $148.38M | $483.32M | $1.13B | $89.43M | $52.03M |
| Cash at End | $3.91B | $4.16B | $5.79B | $3.47B | $2.75B | $5.78B | $148.38M | $483.32M | $1.13B | $89.43M |