NIO achieves its first quarterly profit; Q1 delivery guidance up 90.1%-97.2% year-over-year

Securities Times China Securities Journal News (Reporter Yu Liyan) — On the evening of March 10, NIO released its Q4 and full-year 2025 financial reports. The company’s operating profit for Q4 2025 reached 1.25 billion yuan, marking its first quarterly profit. NIO’s cash reserves at the end of Q4 stood at 45.9 billion yuan.

NIO announced that its Q1 2026 delivery guidance is between 80,000 and 83,000 units, a year-over-year increase of 90.1% to 97.2%. The revenue guidance for Q1 is between 24.48 billion and 25.18 billion yuan, a year-over-year increase of 103.4% to 109.2%.

According to the financial report, NIO delivered a total of 326,028 new vehicles in 2025, a year-over-year increase of 46.9%, setting a new record. The full-year revenue was 87.49 billion yuan, up 33.1% year-over-year, also a record high. The total gross profit for the year was 11.92 billion yuan, an increase of 83.5% year-over-year, reaching a new high. The full-year comprehensive gross profit margin was 13.6%, up 3.7 percentage points from the previous year, the highest since 2022. The company’s vehicle gross profit margin for the year was 14.6%, an increase of 2.3 percentage points year-over-year, also the highest since 2022.

NIO founder, Chairman, and CEO Li Bin stated that the quarterly profit fully confirms the core competitiveness of NIO’s technological approach, 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.