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

Nio (NIO) has reported Cost of Revenue for 9 consecutive years, with $3.0 billion the latest figure, recorded 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 came in at $3.0 billion for Q1 2026 at Nio, down from $4.1 billion in the prior quarter.
• The five-year high for Cost of Revenue was $4.1 billion in Q4 2025, with the low at $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.
• Year-over-year, Cost of Revenue dropped 14.78% in 2024 and soared 95.67% in 2026.
• Tracing NIO's Cost of Revenue over 5 years: stood at $2.2 billion in 2022, then dropped by 0.45% to $2.2 billion in 2023, then climbed by 6.92% to $2.4 billion in 2024, then soared by 71.48% to $4.1 billion in 2025, then slipped by 26.66% to $3.0 billion in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $3.0 billion in Q1 2026, $4.1 billion in Q4 2025, and $2.6 billion in Q3 2025.