8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $12.5B | -$2.1B | 13.6% | -16.0% | -$439M | $14.0B | $1.6B |
| 2024 | $9.0B | -$3.1B | 9.9% | -33.3% | -$2.3B | $20.6B | $2.6B |
| 2023 | $7.8B | -$2.9B | 5.5% | -40.7% | -$2.2B | $22.9B | $4.6B |
| 2022 | $7.1B | -$2.1B | 10.4% | -31.7% | -$1.6B | $16.2B | $2.9B |
| 2021 | $5.7B | -$630M | 18.9% | -12.4% | -$331M | $17.0B | $2.4B |
| 2020 | $2.5B | -$813M | 11.5% | -28.3% | $126M | $7.9B | $5.9B |
| 2019 | $1.1B | -$1.6B | -15.3% | -141.6% | -$1.5B | $8.4B | $124M |
| 2018 | — | -$1.4B | — | — | — | $3.2B | $456M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Dec '21 | $1.6B | -$340M | 17.2% | -24.2% | -$12M | $17.0B | $2.4B |
| Dec '20 | $1.1B | -$236M | 16.7% | -15.3% | $295M | $7.9B | $5.9B |
How the market has priced NIO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Nio Inc.'s revenue has grown 38.1% per year. These are computed facts, not advice.
As of FY2025, Nio Inc. reported $14.0B of total debt against $1.6B of cash; operating income covered interest expense -15.9×.
In FY2025, gross margin was 13.6%, operating margin -16.0%, and net margin -17.1%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.