NIO
NIO Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for NIO Inc..
NIO Inc. designs, develops, manufactures, and sells premium smart electric vehicles in China and selected international markets. Models include SUVs and sedans sold with battery-as-a-service options and a battery-swap network, plus in-car software and autonomous-driving features. The company also offers charging, service, and user-community amenities.
Coverage
NIO Q2 2026 earnings preview
Consensus of about $4.80B and a loss of $0.05–0.07 per ADS needs RMB307,552 of revenue per vehicle — more than the March quarter delivered, on a guide that assumed 2.6% less. NIO already delivered 2,342 fewer cars than that guide's floor.
NIO Q2 2026 reported earnings analysis
NIO's June quarter earned RMB298,509 of revenue per vehicle — the rate its own guide assumed, and 2.9% below what the $4.80bn consensus needed. Revenue missed the floor of that guide, the shares fell 4.4%, and every forward number that matters came from the call, not the release.
NIO Joins Coverage With No Rule of 40 Score, Because It Publishes Cash Flow Twice a Year.
NIO joins coverage the day before its June-quarter print with gross margin repaired from 1.5% to 19.0% in twelve quarters — and no R40 score, because as a foreign private issuer it files a cash-flow statement only for the half year and the full year.
Where the revenue goes next
Latest: $4.74B (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | $1.55B |
| 2023Q2 | $1.21B |
| 2023Q3 | $2.61B |
| 2023Q4 | $2.41B |
| 2024Q1 | $1.37B |
| 2024Q2 | $2.40B |
| 2024Q3 | $2.66B |
| 2024Q4 | $2.70B |
| 2025Q1 | $1.66B |
| 2025Q2 | $2.65B |
| 2025Q3 | $3.06B |
| 2025Q4 | $4.95B |
| 2026Q1 | $3.70B |
| 2026Q2 | $4.74B |
Latest: -$0.04 (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | -$0.42 |
| 2023Q2 | -$0.51 |
| 2023Q3 | -$0.37 |
| 2023Q4 | -$0.45 |
| 2024Q1 | -$0.36 |
| 2024Q2 | -$0.34 |
| 2024Q3 | -$0.36 |
| 2024Q4 | -$0.47 |
| 2025Q1 | -$0.45 |
| 2025Q2 | -$0.32 |
| 2025Q3 | -$0.21 |
| 2025Q4 | $0.01 |
| 2026Q1 | -$0.03 |
| 2026Q2 | -$0.04 |
Latest: n/m (2026Q2)
| Period | Value |
|---|---|
| 2023Q4 | n/m |
| 2024Q1 | n/m |
| 2024Q2 | n/m |
| 2024Q3 | n/m |
| 2024Q4 | n/m |
| 2025Q1 | n/m |
| 2025Q2 | n/m |
| 2025Q3 | n/m |
| 2025Q4 | n/m |
| 2026Q1 | n/m |
| 2026Q2 | n/m |
Latest: 2.50B (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | 1.65B |
| 2023Q2 | 1.65B |
| 2023Q3 | 1.74B |
| 2023Q4 | 1.76B |
| 2024Q1 | 2.04B |
| 2024Q2 | 2.05B |
| 2024Q3 | 2.06B |
| 2024Q4 | 2.07B |
| 2025Q1 | 2.09B |
| 2025Q2 | 2.23B |
| 2025Q3 | 2.43B |
| 2025Q4 | 2.51B |
| 2026Q1 | 2.48B |
| 2026Q2 | 2.50B |
Latest earnings
Company History
Bin Li founds the company in November 2014 as NextEV Inc.; it is renamed NIO Inc. in July 2017.
Lists on the New York Stock Exchange in September 2018, the same year it opens its first Power Swap Station and starts ES8 deliveries.
State-backed investors in Hefei recapitalise the company after it nearly runs out of cash, and NIO launches BaaS, selling cars without the battery and renting the pack by subscription.
Adds listings on HKEX under 9866 and on SGX, so the shares trade in three venues while the ADSs remain the US line.
Launches ONVO with the L60 to attack the mainstream family SUV market below the NIO brand, the first step in the volume strategy that doubles deliveries by 2026.
Starts firefly deliveries in April, launches the ONVO L90 in July and the All-New ES8 in August, and posts a RMB807.3 million profit from operations in the December quarter on record deliveries of 124,807.
Outside investors put RMB2.257 billion into GeniTech (Shenji), the intelligent-driving chip subsidiary, for 27.3% of it, and the ES9 executive SUV is unveiled in April ahead of a May launch.
Key Players
The CEO view — 3 podcasts, interviews & articles →
