Niu Technologies (NIU) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q4'21 | Q4'20 | Q3'20 | Q2'20 | Q4'18 |
|---|
| Cash from Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49.11M | 0 | 0 | -49.11M |
| Operating CF Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.31% | - | - | -11.49% |
| Operating CF Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -100% | - | - | - | - |
| Net Income | -12.43M | 81.69M | 5.88M | -38.84M | -72.54M | -40.95M | -24.92M | -54.8M | -130.17M | -80.04M | -1.97M | -60.62M | -35.75M | 3M | -1.24B | 58.2M | 80.01M | 56.83M | -32M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.69M | 0 | 0 | 10.69M |
| Stock-Based Compensation | 0 | 0 | 7.86M | 7.49M | 5.85M | 6.7M | 5.37M | 6.31M | 7.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 12.43M | -81.69M | -13.74M | 31.35M | 66.68M | 34.25M | 19.55M | 48.49M | 122.43M | 80.04M | 1.97M | 60.62M | 35.75M | -3M | 1.24B | -52.88M | -80.01M | -56.83M | 26.69M |
| Working Capital Changes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 54.49M | 0 | 0 | -54.49M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.89M | 0 | 0 | -23.89M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.59M | 0 | 0 | -10.59M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -103.34M | 0 | 0 | 103.34M |
| Cash from Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -76.95M | 0 | 0 | 76.95M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.09M | 0 | 0 | -32.09M |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.78% | - | - | 7.51% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -109.04M | 0 | 0 | 109.04M |
| Cash from Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -388.51M | 0 | 0 | 388.51M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -406.54M | 0 | 0 | 406.54M |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -388.51M | 0 | 0 | 388.51M |
| Net Change in Cash | -20.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 64.26M | 334.04M | -270.55M | -123.31M | 275.28M | 0 | -421.61M | 0 | 0 | 421.61M |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 81.2M | 0 | 0 | -81.2M |
| FCF Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12.08% | - | - | -18.99% |
| FCF Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -100% | - | - | - | - |
| FCF per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02 | - | - | -1.24 |
| FCF Conversion (FCF/Net Income) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.84x | - | - | 1.53x |
| Interest Paid | 5.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 89.93K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |