NIO Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2025-09-30), NIO reported revenue of $21.8B, gross profit of $3.0B (13.9% gross margin), operating income of −$3.5B, and net income of −$3.5B (-16.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NIO reported a net loss; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
NIO Q3 2025 Income Statement
| Line item | Amount (RMB) | % of revenue |
|---|---|---|
| Revenue | $21.8B | 100% |
| Cost of Revenue | −$18.8B | 86.1% |
| Gross Profit | $3.0B | 13.9% |
| Research & Development | −$2.4B | 11.0% |
| Selling, General & Administrative | −$4.2B | 19.2% |
| Other Operating Expenses | −$29M | 0.1% |
| Operating Income | −$3.5B | -16.2% |
| Other Income, net | $98M | 0.4% |
| Income Tax Expense | −$57M | 0.3% |
| Net Income | −$3.5B | -16.0% |
Source: original SEC filing (filed 2025-11-25). Accession 0001104659-25-115613. Data normalized by EarningsFyi.