Nio (NIO) Cost of Revenue (2018 - 2026)

Nio (NIO) has 9 years of Cost of Revenue data on file, last reported at $3.0 billion in Q1 2026.

• Quarterly Cost of Revenue rose 95.67% year-over-year to $3.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $12.1 billion (up 43.16% YoY) and the FY2025 annual result came in at $10.8 billion, up 33.16% from the prior year.
• Cost of Revenue eased to $3.0 billion in Q1 2026, from $4.1 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $4.1 billion in Q4 2025 to a low of $1.2 billion in Q2 2023.
• A 5-year average of $2.1 billion and a median of $2.2 billion in 2023 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2024 — Cost of Revenue slipped 14.78% — and 2026, when it surged 95.67%.
• Tracing NIO's Cost of Revenue over 5 years: stood at $2.2 billion in 2022, then fell by 0.45% to $2.2 billion in 2023, then increased by 6.92% to $2.4 billion in 2024, then surged by 71.48% to $4.1 billion in 2025, then declined by 26.66% to $3.0 billion in 2026.
• The last three Cost of Revenue figures came in at $3.0 billion (Q1 2026), $4.1 billion (Q4 2025), and $2.6 billion (Q3 2025), per Business Quant data.