Niu Technologies (NIU) quarterly income statement — complete revenue, gross profit & net income history
Niu Technologies (NIU) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | 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 |
|---|
| Sales/Revenue | 1.44B | 904.02M | 666.91M | 1.69B | 1.26B | 681.99M | 819.18M | 1.02B | 940.49M | 504.73M | 478.69M | 927.02M | 828.81M | 417.24M | 612.27M | 1.15B | 986.06M | 671.99M | 894.46M | 644.93M |
| Revenue Growth % | 14.71% | 32.56% | -18.59% | 65.44% | 33.52% | 35.12% | 71.13% | 10.45% | 13.47% | 20.97% | -21.82% | -19.61% | - | - | -37.91% | - | 46.74% | - | - | - |
| Cost of Goods Sold | 1.21B | 746.43M | 565.14M | 1.32B | 1B | 563.91M | 717.2M | 882.35M | 780.8M | 409.18M | 387.74M | 729.07M | 637.33M | 326.86M | 474.74M | 898.39M | 763.55M | 502.94M | 707.36M | 496.85M |
| COGS % of Revenue | 84.01% | 82.57% | 84.74% | 78.17% | 79.89% | 82.69% | 87.55% | 86.18% | 83.02% | 81.07% | 81% | 78.65% | 76.9% | 78.34% | 77.54% | 77.9% | 77.43% | 74.84% | 79.08% | 77.04% |
| Gross Profit | 230.35M | 157.59M | 101.78M | 369.81M | 252.48M | 118.08M | 101.98M | 141.54M | 159.68M | 95.55M | 90.94M | 197.95M | 191.48M | 90.37M | 137.53M | 254.84M | 222.51M | 169.05M | 187.1M | 148.08M |
| Gross Margin % | 15.99% | 17.43% | 15.26% | 21.83% | 20.11% | 17.31% | 12.45% | 13.82% | 16.98% | 18.93% | 19% | 21.35% | 23.1% | 21.66% | 22.46% | 22.1% | 22.57% | 25.16% | 20.92% | 22.96% |
| Gross Profit Growth % | -8.76% | 33.46% | -0.2% | 161.27% | 58.11% | 23.58% | 12.14% | -28.5% | -16.6% | 5.73% | -33.88% | -22.32% | - | - | -38.19% | - | 31.63% | - | - | - |
| Operating Expenses | 340.65M | 261.96M | 203.27M | 296.38M | 264.94M | 164.66M | 192.65M | 200.04M | 191.83M | 164.87M | 245.13M | 287.47M | 198.28M | 157.39M | 180.6M | 262.92M | 172.2M | 106.71M | 106.15M | 91.76M |
| OpEx % of Revenue | 23.65% | 28.98% | 30.48% | 17.5% | 21.1% | 24.14% | 23.52% | 19.54% | 20.4% | 32.67% | 51.21% | 31.01% | 23.92% | 37.72% | 29.5% | 22.8% | 17.46% | 15.88% | 11.87% | 14.23% |
| Selling, General & Admin | 289.14M | 222.2M | 82.38M | 253.67M | 221.23M | 135.25M | 154.42M | 170.26M | 159.57M | 135.95M | 71.12M | 249.48M | 157.52M | 122.68M | 155.24M | 213.97M | 143.45M | 90.23M | 78.36M | 68.61M |
| SG&A % of Revenue | 20.07% | 24.58% | 12.35% | 14.98% | 17.62% | 19.83% | 18.85% | 16.63% | 16.97% | 26.93% | 14.86% | 26.91% | 19.01% | 29.4% | 25.35% | 18.55% | 14.55% | 13.43% | 8.76% | 10.64% |
| Research & Development | 51.5M | 41.11M | 48.85M | 43.4M | 43.72M | 29.8M | 38.62M | 30.3M | 32.26M | 28.93M | 35.63M | 39.06M | 41.29M | 35M | 40.34M | 49.84M | 45.02M | 29.72M | 28.9M | 23.98M |
| R&D % of Revenue | 3.58% | 4.55% | 7.32% | 2.56% | 3.48% | 4.37% | 4.71% | 2.96% | 3.43% | 5.73% | 7.44% | 4.21% | 4.98% | 8.39% | 6.59% | 4.32% | 4.57% | 4.42% | 3.23% | 3.72% |
| Other Operating Expenses | 0 | -1000K | 1000K | -696.95K | 0 | -388K | -387.8K | -520K | 1 | -3.76K | 1000K | -1000K | -528.12K | -298.85K | -1000K | -882K | -1000K | -1000K | -1000K | -826.37K |
| Operating Income | -110.09M | -104.37M | -101.49M | 73.43M | -12.46M | -46.58M | -90.67M | -58.49M | -32.15M | -69.32M | -154.18M | -89.52M | -6.8M | -67.02M | -43.07M | -8.09M | 50.31M | 62.33M | 80.96M | 56.32M |
| Operating Margin % | -7.64% | -11.55% | -15.22% | 4.33% | -0.99% | -6.83% | -11.07% | -5.71% | -3.42% | -13.73% | -32.21% | -9.66% | -0.82% | -16.06% | -7.03% | -0.7% | 5.1% | 9.28% | 9.05% | 8.73% |
| Operating Income Growth % | -783.28% | -124.06% | -11.94% | 225.54% | 61.23% | 32.8% | 41.19% | 34.66% | -372.7% | -3.44% | -258.02% | -1007.14% | - | - | -185.61% | - | -19.3% | - | - | - |
| EBITDA | -101.62M | -98.25M | -93M | 82.85M | -5.11M | -39.68M | -80.74M | -48M | -22.38M | -60.07M | -143.8M | -78.68M | 349.91K | -58.48M | -35.48M | -2.3M | 58.17M | 73.54M | 86.97M | 61M |
| EBITDA Margin % | -7.06% | -10.87% | -13.94% | 4.89% | -0.41% | -5.82% | -9.86% | -4.69% | -2.38% | -11.9% | -30.04% | -8.49% | 0.04% | -14.02% | -5.79% | -0.2% | 5.9% | 10.94% | 9.72% | 9.46% |
| EBITDA Growth % | -1888.37% | -147.6% | -15.19% | 272.63% | 77.16% | 33.94% | 43.85% | 39% | -6496.36% | -2.72% | -305.32% | -3318.36% | - | - | -160.99% | - | -20.89% | - | - | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | -101.62M | -98.25M | -93M | 82.85M | -5.11M | -39.68M | -80.74M | -48M | -22.38M | -60.07M | -143.8M | -78.68M | 349.91K | -58.48M | -35.48M | -2.3M | 58.17M | 73.54M | 86.97M | 61M |
| Net Interest Income | 4.83M | 4.08M | 6.43M | 5.21M | 5.11M | 5.48M | 7.96M | 7.98M | 7.24M | 8.29M | 9.13M | 9.76M | 7.14M | 8.05M | 4.67M | 3.28M | 272.16K | -56.75K | -155.69K | 801.96K |
| Interest Income | 6.32M | 5.55M | 8.22M | 6.57M | 6.67M | 6.89M | 9.56M | 9.51M | 8.76M | 9.25M | 9.95M | 10.28M | 7.15M | 8.11M | 6.01M | 4.74M | 1.54M | 1.71M | 1.71M | 2.38M |
| Interest Expense | 1.49M | 1.47M | 1.78M | 1.35M | 1.56M | 1.41M | 1.6M | 1.54M | 1.52M | 966.4K | 817.66K | 524.75K | 14.85K | 66.67K | 1.34M | 1.46M | 1.27M | 1.77M | 1.86M | 1.58M |
| Other Income/Expense | 6.98M | 4.65M | 6.71M | 8.07M | 5.8M | 5.49M | 8.33M | 8.96M | 8.24M | 8.29M | 9.57M | 10.32M | 7.14M | 8.47M | 6.25M | 4.33M | 6.6M | 9.43M | 4.16M | 3.11M |
| Pretax Income | -103.11M | -99.72M | -94.78M | 81.5M | -6.67M | -41.09M | -82.34M | -49.53M | -23.9M | -61.03M | -144.61M | -79.21M | 335.06K | -58.54M | -36.82M | -3.76M | 56.91M | 71.77M | 85.11M | 59.42M |
| Pretax Margin % | -7.16% | -11.03% | -14.21% | 4.81% | -0.53% | -6.03% | -10.05% | -4.84% | -2.54% | -12.09% | -30.21% | -8.54% | 0.04% | -14.03% | -6.01% | -0.33% | 5.77% | 10.68% | 9.52% | 9.21% |
| Income Tax | -886.07K | -6.37M | -7.89M | -188.41K | -12.55M | -2.25M | -9.8M | -8.59M | 1.02M | -6.24M | -14.44M | 216.22K | 2.24M | 1.79M | 317.21K | -6.64M | 9.26M | 13.57M | 5.11M | 2.6M |
| Effective Tax Rate % | 0.86% | 6.39% | 8.32% | -0.23% | 188.2% | 5.47% | 11.9% | 17.34% | -4.25% | 10.22% | 9.99% | -0.27% | 668.75% | -3.07% | -0.86% | 176.67% | 16.27% | 18.91% | 6% | 4.37% |
| Net Income | -102.23M | -93.35M | -86.89M | 81.69M | 5.88M | -38.84M | -72.54M | -40.95M | -24.92M | -54.8M | -130.17M | -79.42M | -1.91M | -60.34M | -37.13M | 2.88M | 47.65M | 58.2M | 80.01M | 56.83M |
| Net Margin % | -7.1% | -10.33% | -13.03% | 4.82% | 0.47% | -5.7% | -8.86% | -4% | -2.65% | -10.86% | -27.19% | -8.57% | -0.23% | -14.46% | -6.06% | 0.25% | 4.83% | 8.66% | 8.94% | 8.81% |
| Net Income Growth % | -1838.43% | -140.32% | -19.79% | 299.5% | 123.6% | 29.11% | 44.27% | 48.44% | -1207.63% | 9.18% | -250.56% | -2854.57% | - | - | -177.93% | - | -18.13% | - | - | - |
| Net Income (Continuing) | -102.23M | -93.35M | -86.89M | 81.69M | 5.88M | -38.84M | -72.54M | -40.95M | -24.92M | -54.8M | -130.17M | -79.42M | -1.91M | -60.34M | -37.13M | 2.88M | 47.65M | 58.2M | 80.01M | 56.83M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.26 | -1.16 | -1.10 | 0.98 | 0.07 | -0.48 | -0.92 | -0.52 | -0.30 | -0.68 | -1.64 | -1.01 | -0.02 | -0.77 | -0.48 | 0.04 | 0.60 | 0.72 | 1.00 | 0.74 |
| EPS Growth % | -1807.32% | -141.67% | -19.57% | 288.46% | 124.6% | 29.41% | 43.9% | 48.51% | -1134.57% | 11.69% | -241.67% | -2852.04% | - | - | -180% | - | -16.67% | - | - | - |
| EPS (Basic) | -1.26 | -1.16 | -1.10 | 1.02 | 0.07 | -0.48 | -0.90 | -0.52 | -0.30 | -0.68 | -1.66 | -1.01 | -0.02 | -0.78 | -0.48 | 0.04 | 0.62 | 0.76 | 1.06 | 0.76 |
| Diluted Shares Outstanding | 81.1M | 80.85M | 80.02M | 82.82M | 82.38M | 79.66M | 79.46M | 78.58M | 79.27M | 78.86M | 78.74M | 78.58M | 78.42M | 77.88M | 77.79M | 78.64M | 79.79M | 79.94M | 79.39M | 77.59M |
| Basic Shares Outstanding | 81.1M | 80.85M | 80.02M | 79.91M | 79.84M | 79.66M | 79.46M | 78.58M | 79.27M | 78.86M | 78.42M | 78.58M | 78.42M | 77.36M | 77.79M | 77.66M | 77.19M | 76.07M | 75.71M | 75.15M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |