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20-F

Annual Report (Foreign)

NIO Inc. NIO NIOIF

0001104659-26-041765

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Filed
Apr 10, 2026 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Diluted FY 2025 · Dec 31, 2025 2.27B sh
Shares Diluted FY 2025 · Dec 31, 2024 2.05B sh
Shares Diluted FY 2025 · Dec 31, 2023 1.7B sh
Shares Outstanding FY 2025 · Dec 31, 2025 2.47B sh
Shares Outstanding FY 2025 · Dec 31, 2024 2.09B sh
Capex FY 2025 · Dec 31, 2025 $867.32M
Capex FY 2025 · Dec 31, 2025 ¥6.07B
Capex FY 2025 · Dec 31, 2024 ¥9.14B
Capex FY 2025 · Dec 31, 2023 ¥14.34B
Operating Cash Flow FY 2025 · Dec 31, 2025 $427.94M
Operating Cash Flow FY 2025 · Dec 31, 2025 ¥2.99B
Operating Cash Flow FY 2025 · Dec 31, 2024 −¥7.85B
Operating Cash Flow FY 2025 · Dec 31, 2023 −¥1.38B
Long Term Debt FY 2025 · Dec 31, 2025 $1.23B
Long Term Debt FY 2025 · Dec 31, 2025 ¥8.63B
Long Term Debt FY 2025 · Dec 31, 2024 ¥11.44B
Short Term Debt FY 2025 · Dec 31, 2025 $670.93M
Short Term Debt FY 2025 · Dec 31, 2025 ¥4.69B
Short Term Debt FY 2025 · Dec 31, 2024 ¥5.73B
Short Term Investments FY 2025 · Dec 31, 2025 $2.83B
Short Term Investments FY 2025 · Dec 31, 2025 ¥19.76B
Short Term Investments FY 2025 · Dec 31, 2024 ¥14.14B
Cash And Equivalents FY 2025 · Dec 31, 2025 $1.61B
Cash And Equivalents FY 2025 · Dec 31, 2025 ¥11.27B
Cash And Equivalents FY 2025 · Dec 31, 2024 ¥19.33B
Stockholders Equity FY 2025 · Dec 31, 2025 $594.8M
Stockholders Equity FY 2025 · Dec 31, 2025 ¥4.16B
Stockholders Equity FY 2025 · Dec 31, 2024 ¥5.97B
Current Liabilities FY 2025 · Dec 31, 2025 $11.24B
Current Liabilities FY 2025 · Dec 31, 2025 ¥78.58B
Current Liabilities FY 2025 · Dec 31, 2024 ¥62.31B
Total Liabilities FY 2025 · Dec 31, 2025 $15.97B
Total Liabilities FY 2025 · Dec 31, 2025 ¥111.71B
Total Liabilities FY 2025 · Dec 31, 2024 ¥94.1B
Current Assets FY 2025 · Dec 31, 2025 $10.96B
Current Assets FY 2025 · Dec 31, 2025 ¥76.63B
Current Assets FY 2025 · Dec 31, 2024 ¥61.89B
Total Assets FY 2025 · Dec 31, 2025 $17.79B
Total Assets FY 2025 · Dec 31, 2025 ¥124.4B
Total Assets FY 2025 · Dec 31, 2024 ¥107.6B
Eps Diluted FY 2025 · Dec 31, 2025 −$0.98
Eps Diluted FY 2025 · Dec 31, 2025 −¥6.85
Eps Diluted FY 2025 · Dec 31, 2024 −¥11.03
Eps Diluted FY 2025 · Dec 31, 2023 −¥12.44
Eps Basic FY 2025 · Dec 31, 2025 −$0.98
Eps Basic FY 2025 · Dec 31, 2025 −¥6.85
Eps Basic FY 2025 · Dec 31, 2024 −¥11.03
Eps Basic FY 2025 · Dec 31, 2023 −¥12.44
Sga Expense FY 2025 · Dec 31, 2025 $2.3B
Sga Expense FY 2025 · Dec 31, 2025 ¥16.09B
Sga Expense FY 2025 · Dec 31, 2024 ¥15.74B
Sga Expense FY 2025 · Dec 31, 2023 ¥12.88B
Rd Expense FY 2025 · Dec 31, 2025 $1.52B
Rd Expense FY 2025 · Dec 31, 2025 ¥10.6B
Rd Expense FY 2025 · Dec 31, 2024 ¥13.04B
Rd Expense FY 2025 · Dec 31, 2023 ¥13.43B
Net Income FY 2025 · Dec 31, 2025 −$2.14B
Net Income FY 2025 · Dec 31, 2025 −¥14.94B
Net Income FY 2025 · Dec 31, 2024 −¥22.4B
Net Income FY 2025 · Dec 31, 2023 −¥20.72B
Operating Income FY 2025 · Dec 31, 2025 −$2.01B
Operating Income FY 2025 · Dec 31, 2025 −¥14.04B
Operating Income FY 2025 · Dec 31, 2024 −¥21.87B
Operating Income FY 2025 · Dec 31, 2023 −¥22.66B
Gross Profit FY 2025 · Dec 31, 2025 $1.7B
Gross Profit FY 2025 · Dec 31, 2025 ¥11.92B
Gross Profit FY 2025 · Dec 31, 2024 ¥6.49B
Gross Profit FY 2025 · Dec 31, 2023 ¥3.05B
Revenue FY 2025 · Dec 31, 2025 $12.51B
Revenue FY 2025 · Dec 31, 2025 ¥87.49B
Revenue FY 2025 · Dec 31, 2024 ¥65.73B
Revenue FY 2025 · Dec 31, 2023 ¥55.62B