NIO Inc.

NIO · XNYS

CIK 1736541fmd_1KBM7VEHXKHWJZY00VDTJS0G40Manufacturing · Motor Vehicles & Passenger Car BodiesTemplate: Standard

Coverage: Jan 01, 2016 to Dec 31, 2025, 15 periods

Income Statement · Annual · Millions · CNY
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	0	0	4,951	7,825	16,258	36,136	49,269	55,618	65,732	87,488
Cost of revenue	–	–	5,207	9,024	14,385	29,315	44,125	52,566	59,239	75,572
Realized investment gains (losses)	–	(5)	(10)	–	–	–	–	–	–	–
Gross profit	–	–	(256)	(1,199)	1,873	6,821	5,144	3,052	6,493	11,916
Research and development	1,465	2,603	3,998	4,429	2,488	4,592	10,836	13,431	13,037	10,605
Selling, general and administrative	1,137	2,351	5,342	5,452	3,932	6,878	10,537	12,885	15,741	16,088
Taxes other than income taxes	–	–	–	–	70	199	285	290	410	386
Compensation and benefits	473	930	2,256	2,232	1,688	2,894	4,533	5,930	7,406	7,751
Total operating expenses	2,603	4,954	9,340	9,880	6,481	11,318	20,785	25,707	28,367	25,957
Operating income	(2,603)	(4,954)	(9,596)	(11,079)	(4,608)	(4,496)	(15,641)	(22,655)	(21,874)	(14,041)
Interest expense	0	18	124	371	426	637	333	404	798	885
Interest and investment income	28	19	133	160	167	912	1,359	2,210	854	762
Other non-operating income (expense)	3	(59)	(21)	66	(365)	185	(283)	155	(98)	451
Income before taxes	(2,569)	(5,013)	(9,617)	(11,288)	(5,298)	(3,975)	(14,382)	(20,459)	(22,425)	(14,821)
Income tax expense	4	8	22	8	6	42	55	261	(23)	122
Net income from continuing operations	(2,573)	(5,021)	(9,639)	(11,296)	(5,304)	(4,017)	(14,437)	(20,720)	(22,402)	(14,943)
Net income	(2,573)	(5,021)	(9,639)	(11,296)	(5,304)	(4,017)	(14,437)	(20,720)	(22,402)	(14,943)
Net income to common shareholders	(3,518)	(7,562)	(23,328)	(11,413)	(5,611)	(10,572)	(14,559)	(21,147)	(22,658)	(15,571)