NIO Inc. (NIO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 |
|---|
| Sales/Revenue | 19.01B | 12.03B | 19.7B | 18.67B | 17.45B | 9.91B | 17.1B | 19.07B | 8.77B | 10.68B | 16.06B | 13B | 10.29B | 9.91B | 9.9B | 9.81B | 8.45B | 7.98B | 6.64B | 4.53B |
| Revenue Growth % | 8.96% | 21.46% | 15.2% | - | 98.89% | - | 6.47% | 46.64% | -14.77% | 7.73% | 62.25% | 32.6% | 21.83% | 24.16% | 49.08% | 116.65% | 127.16% | 481.82% | 133.16% | 146.4% |
| Cost of Goods Sold | 17.11B | 11.12B | 17.39B | 16.67B | 15.76B | 9.42B | 15.82B | 17.54B | 8.68B | 10.51B | 15.44B | 11.27B | 8.95B | 8.46B | 8.2B | 7.81B | 6.87B | 6.43B | 5.5B | 3.94B |
| COGS % of Revenue | 90.02% | 92.36% | 88.28% | 89.25% | 90.32% | 95.08% | 92.52% | 92.01% | 99.01% | 98.48% | 96.13% | 86.66% | 86.98% | 85.4% | 82.83% | 79.67% | 81.37% | 80.52% | 82.8% | 87.06% |
| Gross Profit | 1.9B | 919.55M | 2.31B | 2.01B | 1.69B | 487.73M | 1.28B | 1.52B | 86.96M | 162.29M | 621.76M | 1.74B | 1.34B | 1.45B | 1.7B | 1.99B | 1.57B | 1.55B | 1.14B | 585.81M |
| Gross Margin % | 9.98% | 7.64% | 11.72% | 10.75% | 9.68% | 4.92% | 7.48% | 7.99% | 0.99% | 1.52% | 3.87% | 13.34% | 13.02% | 14.6% | 17.17% | 20.33% | 18.63% | 19.48% | 17.2% | 12.94% |
| Gross Profit Growth % | 12.36% | 88.54% | 80.5% | - | 1842.03% | - | 105.74% | -12.21% | -93.51% | -88.78% | -63.42% | -12.95% | -14.84% | -6.94% | 48.83% | 240.24% | 402.62% | 1028.36% | 550.02% | 364.37% |
| Operating Expenses | 6.81B | 7.34B | 8.34B | 7.25B | 6.9B | 5.88B | 7.9B | 6.37B | 6.16B | 5.27B | 7.36B | 5.61B | 4.19B | 3.64B | 4.14B | 2.99B | 2.34B | 1.85B | 2.07B | 1.53B |
| OpEx % of Revenue | 35.81% | 60.97% | 42.34% | 38.8% | 39.54% | 59.36% | 46.22% | 33.39% | 70.24% | 49.4% | 45.8% | 43.11% | 40.67% | 36.68% | 41.86% | 30.44% | 27.67% | 23.19% | 31.22% | 33.84% |
| Selling, General & Admin | 3.48B | 4.4B | 3.59B | 4.11B | 3.76B | 3B | 3.31B | 3.61B | 2.86B | 2.45B | 2.71B | 2.71B | 2.28B | 2.01B | 2.36B | 1.82B | 1.5B | 1.2B | 1.21B | 940.33M |
| SG&A % of Revenue | 18.3% | 36.57% | 18.22% | 22% | 21.54% | 30.24% | 19.34% | 18.93% | 32.57% | 22.91% | 16.87% | 20.86% | 22.18% | 20.33% | 23.82% | 18.61% | 17.73% | 15% | 18.17% | 20.78% |
| Research & Development | 3.01B | 3.18B | 3.64B | 3.32B | 3.22B | 2.86B | 3.97B | 3.04B | 3.34B | 3.08B | 3.98B | 2.94B | 2.15B | 1.76B | 1.83B | 1.19B | 883.67M | 686.55M | 829.44M | 590.78M |
| R&D % of Revenue | 15.82% | 26.44% | 18.45% | 17.77% | 18.45% | 28.91% | 23.22% | 15.94% | 38.13% | 28.81% | 24.78% | 22.65% | 20.88% | 17.78% | 18.47% | 12.17% | 10.46% | 8.6% | 12.49% | 13.05% |
| Other Operating Expenses | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 686K |
| Operating Income | -4.91B | -6.42B | -6.03B | -5.24B | -5.21B | -5.39B | -6.63B | -4.84B | -6.07B | -5.11B | -6.74B | -3.87B | -2.85B | -2.19B | -2.45B | -991.92M | -763.32M | -295.92M | -931.39M | -945.99M |
| Operating Margin % | -25.82% | -53.33% | -30.62% | -28.05% | -29.86% | -54.44% | -38.74% | -25.41% | -69.25% | -47.88% | -41.93% | -29.77% | -27.65% | -22.08% | -24.7% | -10.12% | -9.04% | -3.71% | -14.02% | -20.9% |
| Operating Income Growth % | 5.77% | -18.98% | 8.94% | - | 14.24% | - | 1.65% | -25.16% | -113.46% | -133.56% | -175.49% | -290.18% | -272.79% | -639.6% | -162.53% | -4.86% | 34.2% | 81.15% | 67.04% | 60.73% |
| EBITDA | -338.8M | -6.5B | -1.83B | -4.82B | -1.71B | -5.01B | -3.76B | -4.47B | -4.03B | -4.66B | -4.36B | -4B | -1.23B | -1.67B | -1.68B | -754.86M | 162.8M | -23.34M | -499.85M | -592.57M |
| EBITDA Margin % | -1.78% | -54.01% | -9.28% | -25.8% | -9.82% | -50.53% | -21.97% | -23.43% | -46% | -43.68% | -27.14% | -30.77% | -11.94% | -16.9% | -16.95% | -7.7% | 1.93% | -0.29% | -7.53% | -13.09% |
| EBITDA Growth % | 80.22% | -29.84% | 51.33% | - | 57.54% | - | 13.81% | -11.65% | -228.38% | -178.42% | -159.78% | -429.98% | -854.74% | -7077.47% | -235.69% | 19.44% | 120.4% | 98.52% | 78.3% | 70.45% |
| D&A (Non-Cash Add-back) | 4.57B | 0 | 4.2B | 0 | 3.5B | 0 | 2.87B | 0 | 2.04B | 0 | 2.38B | 0 | 1.62B | 0 | 767.2M | 0 | 926.12M | 0 | 431.54M | 353.42M |
| EBIT | -4.74B | -6.5B | -6.93B | -4.82B | -4.87B | -5.01B | -4.97B | -4.47B | -5.95B | -4.66B | -5.68B | -4B | -2.69B | -1.67B | -2.03B | -754.86M | -524.83M | -23.34M | -1.29B | -937.02M |
| Net Interest Income | -105.22M | -71.65M | -417.5M | 106.36M | 186.59M | 179.92M | 1.2B | 199.47M | 164.74M | 238.1M | 261.36M | 212.64M | 228.15M | 323.35M | 283.12M | 162.93M | 132.51M | -304.14M | -16.82M | -57.11M |
| Interest Income | 107.53M | 173.22M | -169.92M | 310.12M | 362.73M | 350.79M | 1.37B | 288.01M | 247.18M | 306.76M | 351.96M | 313.21M | 292.86M | 400.69M | 359.06M | 240.12M | 193.03M | 119.62M | 77.02M | 51.65M |
| Interest Expense | 212.75M | 244.86M | 247.59M | 203.76M | 176.14M | 170.88M | 163.88M | 88.55M | 82.44M | 68.66M | 90.6M | 100.56M | 64.71M | 77.34M | 75.94M | 77.19M | 60.53M | 423.76M | 93.84M | 108.76M |
| Other Income/Expense | -43M | -327.27M | -1.15B | 216.35M | 165.33M | 216.49M | 1.49B | 288.8M | 37.04M | 379.99M | 966.83M | -230.88M | 86.25M | 436.46M | 334.95M | 159.87M | 177.96M | -151.17M | -455.57M | -99.8M |
| Pretax Income | -4.95B | -6.75B | -7.18B | -5.02B | -5.04B | -5.18B | -5.13B | -4.56B | -6.04B | -4.73B | -5.77B | -4.1B | -2.76B | -1.75B | -2.11B | -832.05M | -585.36M | -447.09M | -1.39B | -1.05B |
| Pretax Margin % | -26.05% | -56.05% | -36.45% | -26.89% | -28.91% | -52.25% | -30.02% | -23.89% | -68.82% | -44.32% | -35.92% | -31.54% | -26.81% | -17.68% | -21.31% | -8.49% | -6.93% | -5.6% | -20.88% | -23.11% |
| Income Tax | 42.94M | 4.63M | -70.09M | 38.27M | 2.02M | 6.99M | 232.88M | 1.61M | 18.67M | 7.67M | 16.8M | 9.64M | -1.79M | 30.46M | 33.25M | 3.25M | 1.81M | 3.96M | 1.66M | 1.21M |
| Effective Tax Rate % | -0.87% | -0.07% | 0.98% | -0.76% | -0.04% | -0.14% | -4.54% | -0.04% | -0.31% | -0.16% | -0.29% | -0.24% | 0.06% | -1.74% | -1.58% | -0.39% | -0.31% | -0.89% | -0.12% | -0.12% |
| Net Income | -5.14B | -6.89B | -7.13B | -5.14B | -5.13B | -5.26B | -5.59B | -4.63B | -6.12B | -4.8B | -5.85B | -4.14B | -2.75B | -1.83B | -2.18B | -2.86B | -659.28M | -4.87B | -1.39B | -1.19B |
| Net Margin % | -27.05% | -57.26% | -36.2% | -27.53% | -29.38% | -53.06% | -32.7% | -24.28% | -69.79% | -44.99% | -36.4% | -31.86% | -26.67% | -18.41% | -22.01% | -29.16% | -7.8% | -61.07% | -20.88% | -26.25% |
| Net Income Growth % | -0.29% | -31.06% | -27.52% | - | 16.26% | - | 4.35% | -11.74% | -123.02% | -163.21% | -168.31% | -44.89% | -316.37% | 62.56% | -57.19% | -140.66% | 45.42% | -188.24% | 52.09% | 53.48% |
| Net Income (Continuing) | -4.99B | -6.75B | -7.11B | -5.06B | -5.05B | -5.18B | -5.37B | -4.56B | -6.06B | -4.74B | -5.79B | -4.11B | -2.76B | -1.78B | -2.14B | -835.3M | -587.17M | -451.05M | -1.39B | -1.05B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 7.82B | 94.06M | 7.54B | 4.72B | 4.64B | 4.12B | 189.4M | 3.98B | 3.91B | 3.84B | 3.78B | 3.73B | 3.51B | 3.55B | 3.35B | 3.31B | 1.98M | 3.62B | 2.13M | 4.38M |
| EPS (Diluted) | -2.31 | -3.29 | -3.47 | -2.50 | -2.50 | -2.57 | -3.18 | -2.67 | -3.70 | -2.87 | -3.55 | -2.51 | -1.68 | -1.10 | -1.36 | -1.82 | -0.42 | 0.00 | -1.05 | -0.98 |
| EPS Growth % | 7.6% | -28.02% | -9.12% | - | 32.43% | - | 10.42% | -6.37% | -120.24% | -160.91% | -161.03% | -37.91% | -300% | - | -29.52% | -85.71% | 63.48% | 100% | 62.63% | 60.48% |
| EPS (Basic) | -2.31 | -3.29 | -3.47 | -2.50 | -2.50 | -2.57 | -3.18 | -2.67 | -3.70 | -2.87 | -3.55 | -2.51 | -1.68 | -1.10 | -1.36 | -1.82 | -0.42 | 0.00 | -1.05 | -0.98 |
| Diluted Shares Outstanding | 2.23B | 2.09B | 2.06B | 2.06B | 2.05B | 2.04B | 1.76B | 1.74B | 1.65B | 1.65B | 1.65B | 1.64B | 1.63B | 1.62B | 1.61B | 1.57B | 1.56B | 1.55B | 1.42B | 1.21B |
| Basic Shares Outstanding | 2.23B | 2.09B | 2.06B | 2.06B | 2.05B | 2.04B | 1.76B | 1.74B | 1.65B | 1.65B | 1.65B | 1.64B | 1.63B | 1.62B | 1.61B | 1.57B | 1.56B | 1.55B | 1.42B | 1.21B |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |