How NIO (NIO) Makes Money: A Visual Guide
NIO (NIO) generated 87.01B CNY in revenue (TTM through Q4 2025) but reported a net loss of 15.41B CNY. Below is an interactive breakdown of how revenue flows through the income statement.
NIO (NIO) Income Statement Flow
Frequently asked questions
How much revenue does NIO (NIO) generate?
- NIO (NIO) generated 87.01B CNY in total revenue for TTM through Q4 2025 with a net profit margin of -17.7%.
What is NIO (NIO) gross profit margin?
- NIO (NIO) reported a gross profit margin of 13.6% for TTM through Q4 2025, equivalent to 11.83B CNY in gross profit. This means NIO retains 13.6% of each revenue unit after direct costs of production.
What is NIO (NIO) operating profit margin?
- NIO (NIO) reported an operating profit margin of -16.5% for TTM through Q4 2025, equivalent to −14.34B CNY in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is NIO (NIO) net profit margin?
- NIO (NIO) reported a net profit margin of -17.7% for TTM through Q4 2025, equivalent to −15.41B CNY in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does NIO (NIO) invest in R&D?
- NIO (NIO) invested 10.58B CNY in research and development in TTM through Q4 2025 (12.2% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does NIO (NIO) spend on capital expenditures?
- NIO (NIO) spent 7.75B CNY on capital expenditures in TTM through Q4 2025 (8.9% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is NIO (NIO) free cash flow?
- NIO (NIO) generated −16.50B CNY in free cash flow for TTM through Q4 2025 (-19.0% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
Data & methodology
What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
- Based on company filings through TTM through Q4 2025.
Explore more
NIO — Overview
Company profile, financial tools, and key metrics
Explore
NIO — Revenue Counter
See revenue per second, minute, hour, and day
Explore
NIO — Earnings Counter
See earnings per second, minute, hour, and day
Explore
NIO — Economic Scale
Compare revenue to country GDP
Explore
Full revenue rankings
Companies ranked by revenue
Explore