NIO Inc. NIO
Last close
—
Market cap
—
52-week range
— - —
No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.98
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.51B | $9.01B | $7.83B | $7.14B | $5.67B | $2.49B | $1.12B | $720.1M | — |
| Cost of revenue | $10.81B | $8.12B | $7.40B | $6.40B | $4.60B | $2.20B | $1.30B | $757.3M | — |
| Gross profit | $1.70B | $889.5M | $429.8M | $745.8M | $1.07B | $287.1M | -$172.2M | -$37.2M | — |
| R&D | $1.52B | $1.79B | $1.89B | $1.57B | $720.6M | $381.3M | $636.1M | $581.5M | — |
| SG&A | $2.30B | $2.16B | $1.81B | $1.53B | $1.08B | $602.6M | $783.1M | $776.9M | — |
| Total operating expenses | $3.71B | $3.89B | $3.62B | $3.01B | $1.78B | $993.3M | $1.42B | $1.36B | — |
| Operating income | -$2.01B | -$3.00B | -$3.19B | -$2.27B | -$705.6M | -$706.2M | -$1.59B | -$1.40B | — |
| Interest expense | $126.6M | $109.4M | $56.8M | $48.3M | $100.0M | $65.3M | $53.2M | $18.0M | — |
| Pre-tax income | -$2.12B | -$3.07B | -$2.88B | -$2.09B | -$623.7M | -$811.9M | -$1.62B | -$1.40B | — |
| Income tax | $17.4M | $3.1M | $36.7M | $8.0M | $6.6M | $976.0K | $1.1M | $3.2M | — |
| Net income | -$2.14B | -$3.07B | -$2.92B | -$2.09B | -$630.3M | -$812.9M | -$1.62B | -$1.40B | — |
| EPS, basic | -0.98 | -1.51 | -1.75 | -1.29 | -1.05 | — | — | — | — |
| EPS, diluted | -0.98 | -1.51 | -1.75 | -1.29 | -1.05 | -0.73 | -1.59 | -10.21 | — |
| Shares, diluted (wtd. avg.) | $2.27B | $2.05B | $1.70B | $1.64B | $1.57B | $1.18B | $1.03B | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.61B | $3.97B | $5.29B | $3.26B | $2.66B | $6.05B | $151.7M | $463.2M | $1.10B |
| Short-term investments | $2.83B | $1.94B | $2.37B | $2.78B | $5.82B | $605.5M | $15.9M | $749.7M | — |
| Receivables | $199.4M | $229.6M | $656.0M | $742.1M | $443.0M | $172.2M | $194.2M | $110.0M | — |
| Inventory | $1.22B | $970.9M | $743.4M | $1.19B | $322.7M | $165.8M | $127.8M | $213.1M | — |
| Total current assets | $10.96B | $8.48B | $9.91B | $8.58B | $9.99B | $7.08B | $707.9M | $1.77B | — |
| Property, plant and equipment | $3.69B | $3.55B | $3.50B | $2.27B | $1.16B | $765.7M | $794.8M | $705.9M | — |
| Other intangibles | $4.2M | $4.1M | $4.2M | — | — | — | — | $505.0K | — |
| Total assets | $17.79B | $14.74B | $16.53B | $13.96B | $13.01B | $8.37B | $2.09B | $2.74B | — |
| Accounts payable | — | — | — | — | — | — | $447.0M | $417.4M | — |
| Short-term debt | $93.8M | $465.5M | $667.1M | $179.5M | $324.5M | $58.3M | $46.3M | $28.9M | — |
| Total current liabilities | $11.24B | $8.54B | $8.14B | $6.65B | $4.58B | $2.14B | $1.36B | $1.25B | — |
| Long-term debt | $1.23B | $1.57B | $1.84B | $1.58B | $1.53B | $910.1M | $1.03B | $169.9M | — |
| Total liabilities | $15.97B | $12.89B | $12.36B | $9.95B | $7.03B | $3.49B | $2.79B | $1.56B | — |
| Retained earnings | -$18.31B | -$15.49B | -$12.78B | -$10.14B | -$8.73B | -$7.92B | -$6.65B | -$5.10B | — |
| Total equity | $594.8M | $817.5M | $3.60B | $3.46B | $5.45B | $4.16B | -$904.9M | $994.4M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $427.9M | -$1.08B | -$194.6M | -$560.5M | $308.6M | $299.0M | -$1.25B | -$1.15B | — |
| Depreciation and amortisation | $1.02B | $804.9M | $475.8M | $413.5M | $268.0M | $160.4M | $143.5M | $69.0M | — |
| Stock-based compensation | $256.1M | $264.2M | $333.7M | $332.9M | $158.5M | $28.7M | $47.9M | $98.8M | — |
| Capital expenditure | $867.3M | $1.25B | $2.02B | $1.01B | $640.0M | $172.8M | $245.2M | — | — |
| Investing cash flow | -$1.64B | -$679.3M | -$1.53B | $1.51B | -$6.24B | -$777.2M | $485.8M | -$1.15B | — |
| Financing cash flow | $978.7M | $242.8M | $3.90B | -$234.4M | $2.84B | $6.34B | $444.6M | $1.69B | — |
| Buybacks | — | — | — | — | — | — | — | $1.1M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-041765.
Others in SIC 3711
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| TSLA | Tesla, Inc. | $1.40T | 327.9x | -2.9% |
| GM | General Motors Co | $77.01B | 26.8x | -2.1% |
| PCAR | PACCAR INC | $65.64B | 27.6x | -15.5% |
| F | FORD MOTOR CO | $58.35B | — | 1.2% |
| RIVN | Rivian Automotive, Inc. / DE | $20.86B | — | 8.4% |
| OSK | OSHKOSH CORP | $9.79B | — | -2.9% |
| FSS | FEDERAL SIGNAL CORP /DE/ | $7.28B | 29.7x | 17.1% |
| LCID | Lucid Group, Inc. | $1.84B | — | 67.6% |