Achieving Quarterly Profitability for the First Time, NIO's Q4 2025 Operating Profit Reaches 1.25 Billion Yuan

Beijing Business Daily (Reporter Lin Yuwei) reported that on March 10th, NIO released its Q4 and full-year 2025 financial results, showing a quarterly operating profit of 1.25 billion yuan, marking the company’s first quarterly profit.

In Q4 2025, the company’s revenue reached 34.65 billion yuan, a year-over-year increase of 75.9% and a quarter-over-quarter increase of 59.0%, setting a new record high; gross profit totaled 6.07 billion yuan, up 163.1% year-over-year and 100.8% quarter-over-quarter; the vehicle gross margin was 18.1%, up 5 percentage points year-over-year and 3.4 percentage points quarter-over-quarter, the highest in three years; cash reserves at the end of Q4 were 45.9 billion yuan, nearly 10 billion yuan more than the previous quarter.

For Q1 2026, delivery guidance is 80,000 to 83,000 units, a year-over-year increase of 90.1% to 97.2%. Revenue guidance is 24.48 billion to 25.18 billion yuan, a year-over-year increase of 103.4% to 109.2%.

NIO founder, Chairman, and CEO Li Bin stated that the quarterly profit fully confirms NIO’s core competitiveness in technology, products, and business model, and also reflects the continuous improvement of NIO’s systemic capabilities and operational efficiency, laying a solid foundation for the company’s long-term sustainable development. The company has officially entered its third stage of development and begun a new cycle of rapid growth.