Niu Technologies (NIU) Revenue History
Annual and quarterly revenue from 2016 to present
NIU Revenue Over Time (2016–2025)
NIU Revenue Growth History
7 of 9 years with positive growth- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- +116.8%
- FY2018 revenue growth
- +92.1%
- FY2019 revenue growth
- +40.5%
- FY2020 revenue growth
- +17.7%
- FY2021 revenue growth
- +51.6%
- FY2022 revenue growth
- -14.5%
- FY2023 revenue growth
- -16.3%
- FY2024 revenue growth
- +24.0%
- FY2025 revenue growth
- +27.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $666.9M | -18.6% |
| Q3 2025 | $1.69B | +65.4% |
| Q2 2025 | $1.26B | +33.5% |
| Q1 2025 | $682.0M | +35.1% |
| Q4 2024 | $819.2M | +71.1% |
| Q3 2024 | $1.02B | +10.4% |
| Q2 2024 | $940.5M | +13.5% |
| Q1 2024 | $504.7M | +21.0% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
NIU's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NIU Revenue Analysis (2016–2025)
Current Revenue & Growth
As of June 23, 2026, Niu Technologies (NIU) generated trailing twelve-month (TTM) revenue of $4.30 billion, reflecting significant decline in growth of -18.6% year-over-year. The most recent quarter (Q4 2025) recorded $666.9 million in revenue, down 60.6% sequentially.
Historical Growth Trajectory
NIU's 5-year compound annual growth rate (CAGR) stands at +11.4%, indicating consistent double-digit revenue growth. The 3-year CAGR of +9.8% is below the 5-year average, signalling a growth deceleration in recent years. Niu Technologies's highest annual revenue of $4.19 billion was recorded in 2025, an all-time high.
Revenue by Segment
NIU's revenue is primarily driven by Electric scooter sales (90%), Accessory and spare parts sales (7%), and Service (3%). With over half of revenue concentrated in Electric scooter sales, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including KNDI (-22.3% YoY), PII (+4.3% YoY), and HOG (-9.8% YoY) — NIU has underperformed the peer group in revenue growth. Compare NIU vs KNDI →
NIU Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NIUCurrent | $4.3B | -18.6% | +11.4% | -2.1% | |
 KNDI | $87M | -22.3% | +2.6% | -47.3% | |
 PII | $7.2B | +4.3% | +0.4% | -0.4% | |
 HOG | $4.5B | -9.8% | +2.0% | 8.6% | |
 XPEV | $74.6B | +66.4% | +66.4% | -5.8% | |
 TSLA | $94.8B | +2.3% | +24.6% | 4.6% |
NIU Historical Revenue Data (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.19B | +27.4% | $820.6M | 19.6% | $-87,172,199 | -2.1% |
| 2024 | $3.29B | +24.0% | $498.8M | 15.2% | $-250,632,128 | -7.6% |
| 2023 | $2.65B | -16.3% | $570.7M | 21.5% | $-317,523,502 | -12.0% |
| 2022 | $3.17B | -14.5% | $669.7M | 21.1% | $-89,281,947 | -2.8% |
| 2021 | $3.70B | +51.6% | $812.8M | 21.9% | $252.5M | 6.8% |
| 2020 | $2.44B | +17.7% | $559.1M | 22.9% | $170.6M | 7.0% |
| 2019 | $2.08B | +40.5% | $486.6M | 23.4% | $186.7M | 9.0% |
| 2018 | $1.48B | +92.1% | $198.6M | 13.4% | $-314,406,588 | -21.3% |
| 2017 | $769.4M | +116.8% | $54.7M | 7.1% | $-141,825,459 | -18.4% |
| 2016 | $354.8M | - | $-12,777,451 | -3.6% | $-226,460,239 | -63.8% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
10+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
NIU — Frequently Asked Questions
Quick answers to the most common questions about buying NIU stock.
Is NIU's revenue growth accelerating or slowing?
NIU revenue is declining -18.6% year-over-year. TTM revenue fell to $4.3B, contrasting with the 5-year CAGR of +11.4%. The reversal reflects either macro headwinds or company-specific challenges.
What is NIU's revenue history from 2016 to 2026?
Niu Technologies (NIU) revenue history spans 2016 to 2026. TTM revenue as of 2026 is $4.3B, growing at -18.6% YoY. The 5-year CAGR is +11.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NIU's long-term revenue growth rate (CAGR)?
Niu Technologies's 5-year revenue CAGR of +11.4% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -18.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NIU.
Why does NIU's quarterly revenue fluctuate?
NIU quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Niu Technologies's revenue data from 2016 to 2026 shows full historical quarterly detail on this page.
How is NIU's revenue distributed by segment?
NIU reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NIU's revenue compare to industry peers?
Niu Technologies (NIU) with TTM revenue of $4.3B and -18.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.