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Saturday 17 October 2026 Export NIU’s income statement to Excel — free account

Niu Technologies

NIU Consumer Cyclical Auto Manufacturers

Niu Technologies' revenue for fiscal 2025 (year ended December 2025) was $616.0 million, up 36.7% from fiscal 2024. In the quarter to June 2026, revenue grew 21.1%, EPS fell 2,000.0%, free cash flow grew 234.4% and total debt rose 5.58%, each against the same quarter a year earlier.

1.91 0.00 0.00%
Market cap
$135.3M
P/E
0.0×
Fwd P/E
10.1×
Dividend yield
—
F-score
6/9
Altman Z
1.48
Beneish M
−3.50
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.08
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — 1 — — — — — — —
Insider Ownership 12.69%

Capital & Financial Ratios $m

Market Cap 135.29
Revenue 690.88
Net Income (5.63)
Free Cash Flow (19.36)
Net Debt (217.20)
Current Ratio 1.03
Debt/Equity 0.31 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E 10.10
P/S ratio 0.22
P/B ratio 1.46
Past 5Y EPS Growth —
This Y EPS Growth (855.37%) (below 0%: weak)
Next Y EPS Growth 72.53% (at or above 15%: strong)
Next Y revenue growth 25.55% (at or above 10%: strong)
Next 5Y EPS Growth 23.69% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is −0.1×, against a ten-year median of 0.4×; over the ten years it ranged from −0.1× in 2026 to 8.4× in 2021.
P/S against its own 10 years 0.68%
10-year low 10-year high
P/B against its own 10 years 22.87%
10-year low 10-year high
EV/FCF against its own 10 years 26.18%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2027 Powerpack
2026 Powerpack
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 152 154 190 250
Receivables 13 18 5 4
Inventory 55 89 93 107
Other — — — —
248 297 337 413
2023 2024 2025 Q'26
Payables 81 119 101 174
ST’ Debt 14 27 34 32
Other 3 5 26 41
151 226 286 400

Compound Annual Growth %

10y 5y 3y
Sales — 10.46% 10.27%
Cash Flow — (6.67%) 0.00%
Earnings — 0.00% 0.00%
Book Value — (3.20%) (12.01%)

Revenue $m

Mar Jun Sep Dec Year
’26 132 212 — — —
’25 94 175 238 109 616
’24 70 129 146 105 450
’23 61 114 127 71 373
’22 91 124 162 83 459
’21 84 146 190 161 581
’20 33 91 132 119 375
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 51
’24 — — — — 7
’23 — — — — 13
’22 — — — — (18)
’21 — — — — 52
’20 — — — — 71
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — 25 25
’24 — — — (9) (9)
’23 — — — 2 2
’22 — — — (37) (37)
’21 — — — 8 8
’20 — — — 48 48
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.17) (0.09) — — —
’25 (0.07) 0.01 0.14 (0.16) (0.07)
’24 (0.10) (0.04) (0.07) (0.13) (0.33)
’23 (0.11) 0.00 (0.14) (0.23) (0.49)
’22 (0.06) 0.03 0.01 (0.07) (0.09)
’21 (0.01) 0.18 0.18 0.09 0.44
’20 (0.05) 0.10 0.15 0.11 0.33
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — 6.04 5.33 6.08 14.47 2.57 1.94 1.57 1.66

Analyst estimates 2026–2028

Powerpack
High — — 10.20 13.60 37.44 53.38 16.84 6.19 3.50 5.67
People
People Employees — 348 413 521 623 702 641 550 642 671
Revenue/emp, $m 0.00 0.33 0.52 0.57 0.60 0.83 0.72 0.68 0.70 0.92
Income, $m
Income, $m Revenue 53 116 215 298 375 581 459 373 450 616
Gross margin, % (4.39) 7.11 13.44 23.43 22.88 21.94 21.13 21.52 15.17 19.58
EBT (35) (28) (51) 28 29 43 (10) (40) (30) (9)
EBT margin, % (65.59) (24.00) (23.62) 9.55 7.76 7.37 (2.25) (10.64) (6.59) (1.45)
Net income (35) (28) (51) 27 26 35 (7) (38) (26) (6)
Depreciation 1 1 3 5 8 15 21 21 17 16
Per share, $
Per share, $ Revenue 0.71 8.84 6.53 4.00 4.97 7.57 5.92 4.76 5.69 7.71
Earnings (0.23) (2.12) (1.54) 0.37 0.34 0.46 (0.09) (0.49) (0.33) (0.07)
Cash flow (0.25) 0.92 0.03 0.34 0.95 0.68 (0.23) 0.17 0.09 0.63
Capex 0.00 (0.27) (0.24) (0.27) (0.31) (0.58) (0.25) (0.14) (0.21) (0.32)
Free cash flow (0.25) 0.65 (0.20) 0.07 0.64 0.10 (0.48) 0.03 (0.12) 0.31
Book value 0.08 (3.74) 2.52 1.53 2.02 2.58 2.45 1.96 1.61 1.62
Shares, m 75 13 33 75 75 77 78 78 79 80
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 23.69 82.50 35.02 0.00 0.00 0.00 0.00
P/S 0.00 0.00 0.00 2.13 5.65 2.13 0.93 0.45 0.31 0.39
P/B 0.00 0.00 0.00 5.59 13.90 6.24 2.26 1.09 1.11 1.87
EV/Sales 0.00 0.00 0.00 1.76 5.20 1.83 0.64 0.08 0.03 0.14
EV/FCF 0.00 0.00 0.00 0.00 24.71 15.95 13.10 1.97 (0.33) (2.82)
Cash, $m
Cash, $m Operating cash flow (19) 12 1 26 71 52 (18) 13 7 51
Capex (2) (4) (8) (20) (23) (45) (20) (11) (16) (25)
Free cash flow (19) 9 (7) 5 48 8 (37) 2 (9) 25
Balance, $m
Balance, $m Working capital (12) (26) 76 89 111 120 119 97 71 51
Total debt 31 48 26 31 28 28 23 14 27 34
Net debt 11 3 (104) (110) (167) (176) (135) (138) (126) (155)
Shareholders’ equity 6 (49) 83 114 152 198 190 154 128 129
Returns, %
Returns, % ROA (52.58) (42.28) (40.86) 14.02 10.34 10.64 (1.91) (11.33) (7.94) (1.44)
ROIC 0.00 0.00 0.00 436.19 0.00 110.43 (14.67) (171.35) (1,489.99) 0.00
ROE 86.89 69.91 (300.30) 27.77 19.44 20.21 (3.69) (22.26) (18.80) (4.38)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Niu Technologies vs peers in Auto Manufacturers (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LOT Lotus Technology Inc. Sponsored ADR $376.0M — (loss-making) — (loss-making) −39.84% (below 0%: shrinking) n/m +88.53% (above 0%: growing) 10.08% (40.47%) Compare
LVWR LiveWire Group, Inc. $336.9M — (loss-making) — +55.20% (above 0%: growing) n/m +12.57% (above 0%: growing) (0.50%) (197.63%) Compare
NIU Niu Technologies $135.3M — (loss-making) 10.1× +21.11% (above 0%: growing) n/m +234.40% (above 0%: growing) 15.99% (7.64%)
AIIO Robo.ai Inc. - Class B $115.2M — (loss-making) — — n/m −2,566.99% (below 0%: shrinking) 0.00% 0.00% Compare
EMPD Empery Digital Inc. $85.3M 1.1× — (loss-making) −57.94% (below 0%: shrinking) n/m +58.28% (above 0%: growing) (85.25%) (52,585.50%) Compare
SEV Aptera Motors Corp. $58.9M — (loss-making) — — n/m −128.65% (below 0%: shrinking) — 0.00% Compare
CENN Cenntro Inc. $55.4M — (loss-making) — (loss-making) −2.89% (below 0%: shrinking) n/m +38.59% (above 0%: growing) 6.63% (120.53%) Compare
FSRNQ Fisker Inc. $48.0M — (loss-making) — +65,279.08% (above 0%: growing) n/m −44.26% (below 0%: shrinking) (126.61%) (144.37%) Compare
GGR Gogoro Inc. $46.4M — (loss-making) — (loss-making) +7.30% (above 0%: growing) n/m +85.87% (above 0%: growing) 22.61% (4.37%) Compare
Median of peers $72.1M — — +2.21% — +25.58% 0.00% (80.50%)

All 41 Auto Manufacturers stocks →

Niu Technologies (NIU) key facts

  • Strength: Niu Technologies' revenue for fiscal 2025 (year ended December 2025) was $616.0 million, up 36.7% from fiscal 2024.
  • Niu Technologies (NIU) is an Auto Manufacturers company in the Consumer Cyclical sector, traded in the US as an ADR.
  • As of October 16, 2026, NIU traded at $1.91, a market capitalization of $135.3 million.
  • Return on equity was −4.38% and debt-to-equity 0.31.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.48 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Niu Technologies (NIU) Latest News

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stockrow.com/NIU · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com