Nio Inc Class A ADR (NIO) financial statements

Consumer Cyclical · Auto Manufacturers · Market cap $7.7B

Nio Inc Class A ADR reported revenue of 87.5B CNY in fiscal 2025, up 50.7% a year over 7 years.

Net income was -15.6B CNY.

Free cash flow was -3.1B CNY.

The diluted share count rose 13511% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CNY).

-500501002016201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in CNY, from Nio Inc Class A ADR's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue0 CNY0 CNY5.0B CNY7.8B CNY16.3B CNY36.1B CNY49.3B CNY55.6B CNY65.7B CNY87.5B CNY
Cost of revenue——5.2B CNY9.0B CNY14.4B CNY29.3B CNY44.1B CNY52.6B CNY59.2B CNY75.6B CNY
Gross profit——-256M CNY-1.2B CNY1.9B CNY6.8B CNY5.1B CNY3.1B CNY6.5B CNY11.9B CNY
Research and development1.5B CNY2.6B CNY4.0B CNY4.4B CNY2.5B CNY4.6B CNY10.8B CNY13.4B CNY13.0B CNY10.6B CNY
Selling, general and admin1.1B CNY2.4B CNY5.3B CNY5.5B CNY3.9B CNY6.9B CNY10.5B CNY12.9B CNY15.7B CNY16.1B CNY
Operating income-2.6B CNY-5.0B CNY-9.6B CNY-11.1B CNY-4.6B CNY-4.5B CNY-15.6B CNY-22.7B CNY-21.9B CNY-14.0B CNY
Interest expense55,000 CNY18M CNY124M CNY371M CNY426M CNY637M CNY333M CNY404M CNY798M CNY885M CNY
Pre-tax income-2.6B CNY-5.0B CNY-9.6B CNY-11.3B CNY-5.3B CNY-4.0B CNY-14.4B CNY-20.5B CNY-22.4B CNY-14.8B CNY
Income tax4M CNY8M CNY22M CNY8M CNY6M CNY42M CNY55M CNY261M CNY-23M CNY122M CNY
Net income-3.5B CNY-7.6B CNY-23.3B CNY-11.4B CNY-5.6B CNY-10.6B CNY-14.6B CNY-21.1B CNY-22.7B CNY-15.6B CNY
EPS (diluted)-210.66 CNY-346.84 CNY-70.23 CNY-11.08 CNY-4.74 CNY-6.72 CNY-8.89 CNY-12.44 CNY-11.03 CNY-6.85 CNY
Diluted shares17M22M332M1.03B1.18B1.57B1.64B1.70B2.05B2.27B
Gross margin——-5.2%-15.3%11.5%18.9%10.4%5.5%9.9%13.6%
Operating margin——-193.8%-141.6%-28.3%-12.4%-31.7%-40.7%-33.3%-16.0%
Net margin——-471.2%-145.9%-34.5%-29.3%-29.6%-38.0%-34.5%-17.8%

Balance sheet

Fiscal years, in CNY, from Nio Inc Class A ADR's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments597M CNY7.5B CNY8.3B CNY974M CNY42.4B CNY52.4B CNY39.1B CNY49.7B CNY33.5B CNY31.0B CNY
Receivables——757M CNY1.4B CNY1.1B CNY2.8B CNY5.1B CNY4.7B CNY1.7B CNY1.4B CNY
Inventory—89M CNY1.5B CNY890M CNY1.1B CNY2.1B CNY8.2B CNY5.3B CNY7.1B CNY8.5B CNY
Total current assets—8.3B CNY12.2B CNY4.9B CNY46.2B CNY63.6B CNY59.1B CNY70.4B CNY61.9B CNY76.6B CNY
Property, plant and equipment—1.9B CNY4.9B CNY5.5B CNY5.0B CNY7.4B CNY15.7B CNY24.8B CNY25.9B CNY25.8B CNY
Total assets—10.5B CNY18.8B CNY14.6B CNY54.6B CNY82.9B CNY96.3B CNY117.4B CNY107.6B CNY124.4B CNY
Total current liabilities—1.6B CNY8.6B CNY9.5B CNY14.0B CNY29.2B CNY45.9B CNY57.8B CNY62.3B CNY78.6B CNY
Long-term debt—642M CNY1.2B CNY7.2B CNY5.9B CNY9.7B CNY10.9B CNY13.0B CNY11.4B CNY8.6B CNY
Total liabilities—2.4B CNY10.7B CNY19.4B CNY22.8B CNY44.8B CNY68.6B CNY87.8B CNY94.1B CNY111.7B CNY
Shareholders' equity-3.9B CNY-11.6B CNY6.8B CNY-6.3B CNY27.2B CNY34.7B CNY23.9B CNY25.5B CNY6.0B CNY4.2B CNY
Net debt-597M CNY-6.9B CNY-1.8B CNY6.6B CNY-32.1B CNY-3.5B CNY-7.8B CNY-15.2B CNY-4.5B CNY-2.0B CNY

Cash flow

Fiscal years, in CNY, from Nio Inc Class A ADR's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow-2.2B CNY-4.6B CNY-7.9B CNY-8.7B CNY2.0B CNY2.0B CNY-3.9B CNY-1.4B CNY-7.8B CNY3.0B CNY
Capital spending—1.1B CNY2.6B CNY1.7B CNY1.1B CNY4.1B CNY7.0B CNY14.3B CNY9.1B CNY6.1B CNY
Free cash flow—-5.7B CNY-10.6B CNY-10.4B CNY823M CNY-2.1B CNY-10.8B CNY-15.7B CNY-17.0B CNY-3.1B CNY
Stock-based compensation77M CNY90M CNY679M CNY333M CNY187M CNY1.0B CNY2.3B CNY2.4B CNY1.9B CNY1.8B CNY
Share buybacks (net)——-7M CNY———————
Net borrowing38M CNY634M CNY2.5B CNY-1.3B CNY641M CNY3.7B CNY-429M CNY1.9B CNY1.7B CNY-2.7B CNY
Free cash flow margin——-213.2%-133.3%5.1%-5.8%-22.0%-28.3%-25.8%-3.5%
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Questions

What was Nio Inc Class A ADR's revenue in 2025?

87.5B CNY in fiscal 2025, from its 10-K filing.

How much free cash flow does Nio Inc Class A ADR generate?

-3.1B CNY in fiscal 2025 (operating cash flow minus capital spending).

From Nio Inc Class A ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.