What were NIO’s (NYSE:NIO) fourth-quarter results for 2025?

NIO reported strong financial results for the fourth quarter of 2025, with total revenues of RMB34,650.2 million (US$4,954.9 million). The company delivered 124,807 vehicles during the quarter, achieving a quarterly adjusted operating profit (non-GAAP) of RMB1,251.3 million and an adjusted net profit (non-GAAP) of RMB726.8 million. These results marked a significant shift toward profitability.

How did NIO’s vehicle deliveries perform in Q4 2025?

In Q4 2025, NIO delivered 124,807 vehicles, contributing significantly to the company's revenue growth. This surge in vehicle deliveries helped NIO achieve its first quarterly adjusted operating profit, signaling that its investments in technology and production were starting to pay off.

What were NIO’s full-year results for 2025?

For the full year 2025, NIO reached a delivery milestone of 326,028 vehicles, marking significant year-over-year growth. The company’s total annual revenue climbed to RMB87,487.5 million. This performance highlights NIO's success in expanding its market presence and scaling its operations.

How did NIO’s cash position look at the end of 2025?

As of December 31, 2025, NIO’s balance sheet remained strong, with cash and cash-equivalent balances totaling RMB45.9 billion. This substantial cash cushion positions the company well for future growth, including international expansion and the rollout of its lower-priced sub-brands.

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NIO swings to quarterly adjusted profit on record EV deliveries

Written by Isaac FrancisPublished Mar 10, 2026, 12:00 AMLast Updated Jul 6, 2026, 10:44 AM

NIO (NYSE:NIO), a pioneer in China’s premium smart electric vehicle market, reported strong financial results for the fourth quarter of 2025, marked by a decisive shift toward profitability.

The company delivered 124,807 vehicles during the quarter, contributing to total quarterly revenues of RMB34,650.2 million (US$4,954.9 million).

The surge in volume allowed the automaker to achieve a quarterly adjusted operating profit (non-GAAP) of RMB1,251.3 million.

More notably, NIO posted an adjusted net profit (non-GAAP) of RMB726.8 million, signaling that the company’s long-term investments in battery-swapping technology and high-end vehicle platforms are beginning to yield operational leverage.

For the full year 2025, NIO reached a total delivery milestone of 326,028 vehicles, representing a significant year-over-year expansion.

Total annual revenues climbed to RMB87,487.5 million.

The company’s balance sheet remained robust, with cash and cash-equivalent balances totaling RMB45.9 billion as of December 31, 2025, providing a substantial capital cushion as the brand prepares for further international expansion and the rollout of its lower-priced sub-brands.