TTM
-$416M
YoY change
-69.5%
5Y CAGR
—
Peak year (FY2021)
-$154M
Cumulative EBITDA
-$10.5B
EBITDA history chart for NIO (NIO) from 2016 to 2025
Latest: -$590M
EBITDA growth chart for NIO (NIO) from 2016 to 2025
Latest: -69.5%
EBITDA history table for NIO (NIO) from 2016 to 2025
| FY2025 | -$590M | -69.5% | +$1.35B | ||
| FY2024 | -$1.94B | -7.6% | +$160M | ||
| FY2023 | -$2.1B | +48.2% | -$682M | ||
| FY2022 | -$1.41B | +817.6% | -$1.26B | ||
| FY2021 | -$154M | -69.3% | +$348M | ||
| FY2020 | -$502M | -62.3% | +$832M | ||
| FY2019 | -$1.33B | +2.3% | -$29.6M | ||
| FY2018 | -$1.3B | +78.5% | -$574M | ||
| FY2017 | -$731M | +95.2% | -$356M | ||
| FY2016 | -$374M | — | — |
- FY2025-$590M-69.5%
- FY2024-$1.94B-7.6%
- FY2023-$2.1B+48.2%
- FY2022-$1.41B+817.6%
- FY2021-$154M-69.3%
- FY2020-$502M-62.3%
- FY2019-$1.33B+2.3%
- FY2018-$1.3B+78.5%
- FY2017-$731M+95.2%
- FY2016-$374M—
EBITDA values are taken from NIO's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts converted to USD using IAS 21 average exchange rates (P&L / cash flow) or closing rates (balance sheet). Originally filed in CNY.
About EBITDA at NIO (NIO)
According to NIO's latest reported financial statements, the company's current EBITDA (TTM) is -$416M. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, NIO (NIO) EBITDA totalled -4.18B CNY – plunged 70.0% year-over-year.
2021 marks the peak EBITDA at -985M CNY, with the historical low of -15.1B CNY recorded in 2023.
NIO EBITDA by Year
NIO EBITDA 2025: -$590M
NIO posted EBITDA of -4.18B CNY (-$590M) in 2025, plunged 70.0% below 2024.
NIO EBITDA 2024: -$1.94B
In 2024, NIO reported EBITDA of -13.9B CNY (-$1.94B), declined 8.1% below 2023.
NIO EBITDA 2023: -$2.1B
NIO EBITDA in 2023 was -15.1B CNY (-$2.1B), surged 50.7% from 2022. This figure represents the lowest annual value in the available history.
NIO EBITDA 2022: -$1.41B
2022's EBITDA for NIO came in at -10.1B CNY (-$1.41B), surged 920.4% from 2021.
NIO EBITDA 2021: -$154M
NIO EBITDA in 2021 was -985M CNY (-$154M).
See more financial history for NIO (NIO).
Sector peers by EBITDA
Consumer Cyclical peers of NIO (NIO), ranked by their latest EBITDA
| $165B | |
| $26.9B | |
| $24.3B | |
| $17.3B | |
| $14.6B | |
| $11.8B | |
| $9.22B | |
| $8.55B |
- $165B
- $26.9B
- $24.3B
- $17.3B
- $14.6B
- $11.8B
- $9.22B
- $8.55B
Frequently asked questions
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How this company returns cash to shareholders — buybacks, dividends, and stock splits.