Tuesday 27 October 2026 Export NIO’s income statement to Excel — free account

NIO Inc.

NIO Consumer Cyclical Auto Manufacturers

NIO Inc.’s revenue for fiscal 2025 (year ended December 2025) was $12.5 billion, up 38.9% from fiscal 2024. In the quarter to June 2026, revenue grew 78.5%, EPS grew 87.5%, free cash flow grew 38.7% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years.

3.26 0.03 −0.91%

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Market cap: $7.7B
P/E: 0.0×
Fwd P/E: −26.7×
Dividend yield: —
F-score: 6/9
Altman Z: −0.72
Beneish M: −2.59
Dividend safety: 20/100

Overview Business Profile Financial Analysis

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 6.28%

Capital & Financial Ratios $m

Market Cap 7,690.00

Revenue 16,636.45

Net Income (497.25)

Free Cash Flow (6,405.25)

Net Debt (6,949.07)

Current Ratio 1.02

Debt/Equity 2.34

P/E ratio 0.00

Fwd P/E (26.70)

P/S ratio 0.49

P/B ratio 13.75

Past 5Y EPS Growth —

This Y EPS Growth 91.63%

Next Y EPS Growth 166.92%

Next Y revenue growth 53.46%

Next 5Y EPS Growth 64.56%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.06%

10-year low 10-year high

P/B against its own 10 years 66.06%

10-year low 10-year high

EV/Sales against its own 10 years 0.06%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	7,787	5,725	6,546	8,342
Receivables	899	1,285	2,499	2,385
Inventory	743	971	1,220	1,634
Other	484	498	694	793
	9,913	8,478	10,958	13,154

	2023	2024	2025	Q'26
Payables	4,192	4,711	7,623	8,900
ST’ Debt	667	465	94	132
Other	2,191	2,198	2,388	2,266
	8,141	8,537	11,237	12,913

Compound Annual Growth %

	10y	5y	3y
Sales	—	38.09%	20.54%
Cash Flow	—	7.44%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	(32.30%)	(44.65%)

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate −0.07 Actual −0.04

−0.28 −0.20 −0.11 −0.03 0.05

Sep 2025 Beat +0.03

Dec 2025 Beat +0.06

Mar 2026 Beat +0.21

Jun 2026 Beat +0.03

Sep 2026 — Nov 24

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Sep 2025	−0.24	−0.21	Beat by 0.03
Dec 2025	−0.05	0.01	Beat by 0.06
Mar 2026	−0.24	−0.03	Beat by 0.21
Jun 2026	−0.07	−0.04	Beat by 0.03
Sep 2026	−0.03	—	Reports 24 November 2026

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.03)	(0.04)	—	—	—
’25	(0.45)	(0.32)	(0.21)	0.01	(0.98)
’24	(0.36)	(0.34)	(0.36)	(0.47)	(1.51)
’23	(0.42)	(0.51)	(0.37)	(0.45)	(1.75)
’22	(0.18)	(0.25)	(0.36)	(0.51)	(1.29)
’21	(0.48)	(0.07)	(0.28)	(0.21)	(1.05)
’20	(0.23)	(0.16)	(0.14)	(0.16)	(0.73)

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,701	4,736	—	—	—
’25	1,658	2,654	3,061	5,137	12,511
’24	1,372	2,401	2,661	2,571	9,005
’23	1,555	1,210	2,613	2,456	7,834
’22	1,563	1,537	1,828	2,215	7,143
’21	1,218	1,308	1,522	1,622	5,671
’20	194	526	667	1,105	2,492

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	(1,525)	—	428	428
’24	—	—	—	(1,075)	(1,075)
’23	—	—	—	—	(195)
’22	—	—	—	—	(561)
’21	—	—	52	256	309
’20	—	—	(29)	328	299

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	(1,933)	—	(423)	(423)
’24	—	—	—	(2,296)	(2,296)
’23	—	(690)	—	(2,010)	(2,204)
’22	—	—	—	(1,010)	(1,571)
’21	—	—	(319)	(12)	(331)
’20	—	—	(145)	296	151

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	—	—	5.35	1.19	2.11	27.52	8.38	7.00	3.61	3.02		(7.8%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	—	—	13.80	10.64	57.20	66.99	33.80	16.18	8.94	8.02		(7.5%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	—	2,056	9,834	7,442	7,763	15,204	26,763	32,820	45,635	35,032		+42.5%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	—	0.00	0.07	0.15	0.32	0.37	0.27	0.24	0.20	0.36		n/m	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	—	—	720	1,124	2,492	5,671	7,143	7,834	9,005	12,511		+50.4%	19,199	22,728	25,491	+26.8%
	Gross margin, %	0.00	0.00	(5.17)	(15.32)	11.52	18.88	10.44	5.49	9.88	13.62		+13.6 pt	Powerpack NIO Inc.’s next three years, line by line Analysts expect revenue to grow 26.8% a year to 2028 — slower than the 50.4% of the last 7 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	(3,002)	(5,775)	(1,399)	(1,621)	(812)	(624)	(2,085)	(2,882)	(3,072)	(2,119)		(3.8%)
	EBT margin, %	0.00	0.00	(194.24)	(144.25)	(32.59)	(11.00)	(29.19)	(36.78)	(34.12)	(16.94)		(16.9) pt
	Net income	(2,963)	(730)	(1,402)	(1,623)	(813)	(630)	(2,093)	(2,918)	(3,069)	(2,137)		(3.6%)
	Depreciation	54	194	69	218	237	369	579	691	1,055	1,341		+42.9%
Per share, $
Per share, $	Revenue	0.00	0.00	2.17	1.09	2.11	3.61	4.36	4.61	4.38	5.50		n/m
	Earnings	(3.91)	(50.45)	(10.21)	(1.59)	(0.73)	(1.05)	(1.29)	(1.75)	(1.51)	(0.98)		(14.3%)
	Cash flow	(2.45)	(241.96)	(3.46)	(1.22)	0.25	0.20	(0.34)	(0.11)	(0.52)	0.19		n/m
	Capex	0.00	0.00	(1.16)	(0.24)	(0.12)	(0.41)	(0.62)	(1.18)	(0.59)	(0.37)		n/m
	Free cash flow	(2.45)	(241.96)	(4.62)	(1.45)	0.13	(0.21)	(0.96)	(1.30)	(1.12)	(0.19)		(24.9%)
	Book value	1.30	447.81	2.99	(0.88)	3.52	3.47	2.13	2.13	0.40	0.26		(16.4%)
	Shares, m	1,050	22	332	1,030	1,183	1,573	1,637	1,700	2,055	2,273		+9.0%
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00		0.0
	P/S	—	—	0.00	3.68	23.13	8.79	2.21	1.83	0.99	0.93		5.2
	P/B	—	—	1.09	0.00	13.84	9.13	4.51	3.95	10.78	19.57		7.9
	EV/Sales	—	—	0.00	4.50	20.91	7.58	1.60	1.15	0.58	0.51		4.6
	EV/FCF	—	—	0.00	0.00	(21.79)	(238.60)	(7.10)	(1.49)	(0.98)	(0.99)		(33.9)
Cash, $m
Cash, $m	Operating cash flow	(2,572)	(5,275)	(1,151)	(1,253)	299	309	(561)	(195)	(1,075)	428		n/m
	Capex	(765)	(1,284)	(385)	(245)	(148)	(640)	(1,010)	(2,010)	(1,221)	(851)		+1.2%
	Free cash flow	(2,572)	(5,275)	(1,535)	(1,498)	151	(331)	(1,571)	(2,204)	(2,296)	(423)		(18.2%)
Balance, $m
Balance, $m	Working capital	165	8,033	520	(657)	4,940	5,405	1,928	1,772	(58)	(279)		n/m
	Total debt	64	872	199	1,074	968	1,853	1,758	2,504	2,033	1,327		+40.1%
	Net debt	(585)	(8,151)	(1,015)	922	(5,538)	(6,838)	(4,363)	(5,283)	(3,692)	(5,219)		+27.5%
	Shareholders’ equity	1,369	9,763	992	(902)	4,164	5,459	3,493	3,625	831	592		(8.9%)
Returns, %
Returns, %	ROA	(55.03)	(96.60)	(135.24)	(67.81)	(16.43)	(15.52)	(15.66)	(19.54)	(19.85)	(13.69)		+41.3 pt
	ROIC	0.00	0.00	0.00	(4,832.58)	0.00	0.00	0.00	0.00	0.00	0.00		0.0 pt
	ROE	44.95	12.03	52.45	(3,628.03)	(52.72)	(34.48)	(47.16)	(83.70)	(139.33)	(312.95)		(357.9) pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
F Ford Motor Company	$46.2B	— (loss-making)	10.2×	−3.76% (below 0%: shrinking)	n/m	−53.58% (below 0%: shrinking)	12.59%	1.32%	Compare
HMC Honda Motor Co., Ltd.	$44.6B	6.0×	11.5×	+4.19% (above 0%: growing)	+105.66% (above 0%: growing)	+20.08% (above 0%: growing)	22.24%	8.76%	Compare
RIVN Rivian Automotive, Inc.	$16.6B	— (loss-making)	— (loss-making)	+27.24% (above 0%: growing)	n/m	−113.32% (below 0%: shrinking)	10.80%	(50.42%)	Compare
STLA Stellantis N.V.	$11.8B	0.6×	10.5×	−44.85% (below 0%: shrinking)	−96.94% (below 0%: shrinking)	−164.34% (below 0%: shrinking)	10.98%	2.26%	Compare
LI Li Auto Inc. Sponsored ADR	$9.2B	— (loss-making)	— (loss-making)	−10.40% (below 0%: shrinking)	n/m	+291.23% (above 0%: growing)	11.05%	(8.96%)	Compare
NIO NIO Inc.	$7.7B	— (loss-making)	— (loss-making)	+78.50% (above 0%: growing)	n/m	+38.68% (above 0%: growing)	18.38%	(1.08%)
XPEV XPeng Inc. Sponsored ADR	$7.2B	— (loss-making)	— (loss-making)	+14.07% (above 0%: growing)	n/m	+343.05% (above 0%: growing)	20.68%	(5.79%)	Compare
VFS VinFast Auto Ltd.	$7.1B	— (loss-making)	— (loss-making)	+40.23% (above 0%: growing)	n/m	+3.73% (above 0%: growing)	(73.58%)	(98.92%)	Compare
LCID Lucid Group, Inc.	$1.3B	— (loss-making)	— (loss-making)	+56.24% (above 0%: growing)	n/m	−45.73% (below 0%: shrinking)	(105.27%)	(266.97%)	Compare
Median of peers	$10.5B	—	10.5×	+9.13%	—	−21.00%	11.02%	(7.37%)

All 28 Auto Manufacturers stocks →

NIO Inc. (NIO) Latest News

24 Oct

Impact 4 · 9:28 AM

NIO Dropped 10% in a Month to a New 52-Week Low. Is the Selling Overdone?

22 Oct

Impact 4 · 4:07 AM

NIO Stock Hits 18-Month Low As CEO Questions Self-Driving’s Payoff — ‘If Users Are Unwilling To Pay,’ Where Is The Value?

21 Oct

Impact 3 · 8:00 AM

NIO Inc. (NIO) is Attracting Investor Attention: Here is What You Should Know

20 Oct

Impact 3 · 12:53 AM

NIO Says It Outsold BMW, Mercedes, and Audi in China in Q3. Its Cheaper Brands Made the Difference

19 Oct

Impact 4 · 2:09 AM

NIO Stock Climbs Overnight: EV Firm Outsells German Luxury Rivals In China Sales For First Time — CEO Hails Tesla’s Flying Roadster

Impact 3 · 4:45 PM

NIO Inc. (NIO) Stock Slides as Market Rises: Facts to Know Before You Trade

14 Oct

Impact 3 · 11:14 AM

NIO (NIO) Shares Just Moved, So What Is Catching Attention Today?

Impact 3 · 9:10 AM

NIO (NIO) Stock Could Be 18% Undervalued Following Delivery Growth

13 Oct

Impact 3 · 12:51 PM

NIO Stock Has Fallen 32% in 2026. Here’s the Delivery Number That Decides What Comes Next

12 Oct

Impact 4 · 1:48 AM

NIO Stock Slides Overnight Despite 500th Guangdong Swap Station, But Goldman Sees 96% Upside On Profit Turnaround

Impact 3 · 4:45 PM

NIO Inc. (NIO) Declines More Than Market: Some Information for Investors

9 Oct

Impact 4 · 3:57 PM

Nio Stock Slumped 18.9% in September Despite a Big Geely Deal. Should You Buy the Dip?

Impact 3 · 8:00 AM

NIO Inc. (NIO) Is a Trending Stock: Facts to Know Before Betting on It

8 Oct

Impact 4 · 2:57 AM

NIO Stock Eyes End To 5-Week Slump: Retail Loads Up As Onvo Hits 200,000 Deliveries, Battery Swaps Smash Record

Impact 3 · 10:54 PM

NIO Stock Hits The Brakes After 3-Day Rally: Xiaomi Reportedly In Talks Over Last German Hub Amid 90% Sales Crash

7 Oct

Impact 4 · 2:37 AM

Nio (NIO) Gets Geely’s Help. Can Battery Swapping Finally Pay Off?

6 Oct

Impact 4 · 8:05 AM

To Make Investors Rich, Nio Will Need to Steal From Tesla's Playbook

5 Oct

Impact 4 · 1:09 AM

NIO Stock Rises Overnight After 6-Week Losing Streak: Retail Bulls See ‘Real Money’ In Battery Swaps After Holiday Record Usage

Impact 3 · 4:45 PM

Why NIO Inc. (NIO) Outpaced the Stock Market Today

4 Oct

Impact 3 · 6:05 PM

NIO (NIO) Is Down 5.9% After Q3 Delivery Growth Slows Has The Bull Case Changed?

3 Oct

Impact 3 · 9:04 AM

NIO Stock Is Down 57% in a Year. Is the 87% Upside to the Street Target Achievable?

2 Oct

Impact 4 · 10:20 AM

NIO Inc.'s Geely Deal Is Really a Bet on Battery-Swap Network Utilization

1 Oct

Impact 4 · 4:50 PM

Nio's Riskiest Asset Is Valued at $2.4 Billion, But Its Potential Just Skyrocketed

Impact 4 · 10:07 AM

NIO Reports 25.4% Q3 Delivery Growth as Quarterly Deliveries Reach 109,178 Vehicles

Impact 4 · 8:42 AM

NIO Stock Slides as Rival Geely Takes 30% Stake in Battery Unit

Impact 4 · 12:15 AM

NIO Inc. Provides September and Third Quarter 2026 Delivery Update

Impact 3 · 11:05 AM

Is NIO Stock Worth Buying After Strong Q3 Delivery Numbers?

30 Sep

Impact 4 · 10:09 AM

NIO (NIO) After The Geely Battery Deal And The Case For A Higher Fair Value

Impact 4 · 8:11 AM

NIO (NIO) Stock May Be A Bargain On Battery Swap Deal

Impact 4 · 6:09 AM

What Does NIO (NIO) Gain From Selling 30% Of NIO Power?

NIO Inc.

Insider Decisions trades per month

Capital & Financial Ratios $m

Valuation vs history

Dividends

Assets vs Liabilities $m

Compound Annual Growth %

Earnings Trends EPS, adjusted, against the consensus

EPS $

Revenue $m

Operating Cash Flow $m

Free Cash Flow $m

Target Price Range

Recommendation Rating

Ten years at a glance Fiscal years to December

NIO Inc. vs peers in Auto Manufacturers (Q) = latest quarter vs a year earlier

NIO Inc. (NIO) Latest News

24 Oct

22 Oct

21 Oct

20 Oct

19 Oct

14 Oct

13 Oct

12 Oct

9 Oct

8 Oct

7 Oct

6 Oct

5 Oct

4 Oct

3 Oct

2 Oct

1 Oct

30 Sep

Insider Decisions trades per month

Capital & Financial Ratios $m

Valuation vs history

Dividends

Assets vs Liabilities $m

Compound Annual Growth %

Earnings Trends EPS, adjusted, against the consensus

EPS $

Revenue $m

Operating Cash Flow $m

Free Cash Flow $m

Target Price Range

Recommendation Rating

Ten years at a glance Fiscal years to December

NIO Inc. vs peers in Auto Manufacturers (Q) = latest quarter vs a year earlier

NIO Inc. (NIO) Latest News

24 Oct

22 Oct

21 Oct

20 Oct

19 Oct

14 Oct

13 Oct

12 Oct

9 Oct

8 Oct

7 Oct

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30 Sep

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