NIO Inc. revenue

NIO Inc.'s revenue was $12.17bn in fiscal 2025, up 33.3% on the year before. Since fiscal 2018 ($750m) it has grown at a compound 48.9% a year.

Revenue history

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

NIO Inc.: revenue history, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	0.0	0.0	0.8	1.1	2.4	5.6	7.3	7.9	9.1	12.2
Growth on the year before	—	—	—	+51.0%	+107.9%	+137.7%	+31.0%	+7.1%	+16.2%	+33.3%
Gross profit	—	—	−0.0	−0.2	0.3	1.1	0.8	0.4	0.9	1.7
Gross margin	—	—	−5.2%	−15.3%	11.5%	18.9%	10.4%	5.5%	9.9%	13.6%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Automobile Manufacturers: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
NIO Inc.	$12.17bn	33.3%	—
Xpeng Inc.	$10.68bn	88.0%	—
Thor Industries Inc	$9.61bn	0.3%	-4.8%
Li Auto Inc.	$15.63bn	-22.2%	—
Ferrari N.V.	$8.08bn	11.8%	—
Rivian Automotive, Inc. / DE	$6.48bn	11.1%	19.7%

Compare with peers

Head to head: NIO vs XPEV NIO vs THO LI vs NIO

More: Automobile Manufacturers stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from NIO Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to NIO Inc.