Niu Technologies revenue

Niu Technologies's revenue was $599m in fiscal 2025, up 31.2% on the year before. Since fiscal 2016 ($53.5m) it has grown at a compound 30.8% a year.

Revenue history

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

Niu Technologies: 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	53	114	224	301	354	574	472	375	457	599
Growth on the year before	—	+113.1%	+96.6%	+34.3%	+17.8%	+62.1%	−17.8%	−20.6%	+22.0%	+31.2%
Gross profit	−2	8	30	70	81	126	100	81	69	117
Gross margin	−3.6%	7.1%	13.4%	23.4%	22.9%	21.9%	21.1%	21.5%	15.2%	19.6%

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
Niu Technologies	$599m	31.2%	—
Lotus Technology Inc.	$519m	-43.8%	—
Gogoro Inc.	$281m	-9.4%	—
Lucid Group, Inc.	$1.55bn	66.5%	27.1%
Winnebago Industries Inc	$2.70bn	-3.4%	-8.2%
Polestar Automotive Holding UK PLC	$3.06bn	50.3%	—

Compare with peers

Head to head: LOT vs NIU GGR vs NIU LCID vs NIU

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

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