NIO

$3.29+0.92%

as of close, Oct 27, 2026

☾ AH $3.29 +0.92%

NIO Inc. American depositary shares each representing oneStock · Consumer Discretionary

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How NIO ADR makes money

Period

FY2025

How does NIO ADR make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

NIO Inc. American depositary shares each representing one · FY2025 · year ended 2025-12-31

Revenue$12.2BNet loss$2.1B · 17%Cost of revenue$10.5B · 86%Gross profit$1.7B · 14%Operating expenses$3.6B · 30%R&D$1.5B · 12%Other opex$2.1B · 18%Other expense$108M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.