NIO Inc. announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025. Excluding share-based compensation expenses, adjusted profit from operations (non-GAAP) was RMB1,251.3 million (US$178.9 million) in the fourth quarter of 2025.
Cash and cash equivalents, restricted cash, short-term investment and long-term time deposits were RMB45.9 billion (US$6.6 billion) as of December 31, 2025.
For the first quarter of 2026, NIO expects:
- Deliveries of vehicles to be between 80,000 and 83,000 vehicles, representing an increase of approximately 90.1% to 97.2% from the same quarter of 2025.
- Total revenues to be between RMB24,482 million (US$3,501 million) and RMB25,176 million (US$3,600 million), representing an increase of approximately 103.4% to 109.2% from the same quarter of 2025.
William Li, Founder, Chairman, and CEO of NIO, stated that quarterly profitability fully validates the core competitiveness of NIO’s technology roadmap, products, and business model, and also reflects the continuous improvement of NIO’s systematic capabilities and operational efficiency, laying a solid foundation for the Company’s long-term development. The Company has officially entered the third stage of development, kicking off a new cycle of high-speed growth.