Gogoro vs Niu Technologies
Niu Technologies is the larger business, with $599m of revenue in fiscal 2025 against $281m for Gogoro (2.1 times as much). Niu Technologies grew faster (31.2% against -9.4%). Niu Technologies kept more of each dollar of sales as profit: a net margin of -0.9% against -28.4%. Niu Technologies carries less debt relative to equity (43.6% against 333.5%).
| Latest fiscal year | GogoroGGR, 2025 | Niu TechnologiesNIU, 2025 |
|---|---|---|
| Revenue | $281m | $599m |
| Revenue growth | -9.4% | 31.2% |
| Net income | −$80.0m | −$5.5m |
| Operating margin | -26.0% | -2.0% |
| Net margin | -28.4% | -0.9% |
| Return on equity | -56.2% | -4.3% |
| Free cash flow | −$29.1m | $24.4m |
| Cash | $70.6m | $132m |
| Total debt | $361m | $56.4m |
| Debt to equity | 333.5% | 43.6% |
| Dividend per share | — | — |
| Dividend yield | 0.0% | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $43.5m | $140m |
| Price vs our value range | — | Within our value range |
| Moat score | — | — |
| Insider trades, 12 months | 2 buys, 0 sales | 0 buys, 1 sales |