NIO Inc. NIO

Consumer discretionary SIC 3711 - Motor Vehicles & Passenger Car Bodies NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Manufacturing › Automobile and Light Duty Motor Vehicle Manufacturing derived NYSE

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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
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.) 2.27B2.05B1.70B1.64B1.57B1.18B1.03B——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2018: 720.1M Gross profit, FY2018: -37.2M Net income, FY2018: -1.4B Revenue, FY2019: 1.1B Gross profit, FY2019: -172.2M Net income, FY2019: -1.6B Revenue, FY2020: 2.5B Gross profit, FY2020: 287.1M Net income, FY2020: -812.9M Revenue, FY2021: 5.7B Gross profit, FY2021: 1.1B Net income, FY2021: -630.3M Revenue, FY2022: 7.1B Gross profit, FY2022: 745.8M Net income, FY2022: -2.1B Revenue, FY2023: 7.8B Gross profit, FY2023: 429.8M Net income, FY2023: -2.9B Revenue, FY2024: 9B Gross profit, FY2024: 889.5M Net income, FY2024: -3.1B Revenue, FY2025: 12.5B Gross profit, FY2025: 1.7B Net income, FY2025: -2.1B FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $720.1M $1.12B $2.49B $5.67B $7.14B $7.83B $9.01B $12.51B
Gross profit — -$37.2M -$172.2M $287.1M $1.07B $745.8M $429.8M $889.5M $1.70B
Net income — -$1.40B -$1.62B -$812.9M -$630.3M -$2.09B -$2.92B -$3.07B -$2.14B

Others in SIC 3711

TickerCompanyMarket capP/ERevenue growth
TSLA Tesla, Inc. $1.47T 344.6x -2.9%
GM General Motors Co $66.62B 23.2x -2.1%
PCAR PACCAR INC $56.30B 23.7x -15.5%
F FORD MOTOR CO $46.30B — 1.2%
RIVN Rivian Automotive, Inc. / DE $15.67B — 8.4%
OSK OSHKOSH CORP $8.21B — -2.9%
FSS FEDERAL SIGNAL CORP /DE/ $6.91B 28.2x 17.1%
LCID Lucid Group, Inc. $1.39B — 67.6%