Niu Technologies (NIU) Revenue History
Annual and quarterly revenue from 2016 to 2024
Compound Annual Growth Rate (CAGR)
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NIU Revenue Growth
Revenue Breakdown (FY 2024)
NIU's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
NIU Revenue Analysis (2016–2024)
As of May 8, 2026, Niu Technologies (NIU) generated trailing twelve-month (TTM) revenue of $4.45 billion, reflecting explosive growth of +65.4% year-over-year. The most recent quarter (Q3 2025) recorded $1.69 billion in revenue, up 34.9% sequentially.
Looking at the longer-term picture, NIU's 5-year compound annual growth rate (CAGR) stands at +9.6%, indicating steady revenue expansion. The company achieved its highest annual revenue of $3.70 billion in 2021.
Revenue diversification analysis shows NIU's business is primarily driven by Electric scooter sales (90%), Accessory and spare parts sales (7%), and Service revenues (3%). With over half of revenue concentrated in Electric scooter sales, the company maintains significant focus in this area while developing other growth vectors.
When 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 terms of 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 | $4.5B | +65.4% | +9.6% | -7.6% | |
 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 | $40.9B | +66.4% | +77.5% | -16.3% | |
 TSLA | $94.8B | +2.3% | +24.6% | 4.6% |
NIU Historical Revenue Data (2016–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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Start ComparisonNIU — 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 accelerating at +65.4% year-over-year, exceeding the 5-year CAGR of +9.6%. TTM revenue reached $4.5B. Growth momentum has increased versus prior periods.
What is NIU's long-term revenue growth rate?
Niu Technologies's 5-year revenue CAGR of +9.6% reflects the sustained expansion pattern. Current YoY growth of +65.4% is above this long-term average.
How is NIU's revenue distributed by segment?
NIU reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2024 are available for download. Segment mix reveals concentration and diversification trends.