Nio (NIO) Operating Expenses (2017 - 2026)

Nio (NIO) posted Operating Expenses of -$749.2 million for Q1 2026, up 0.52% quarter-over-quarter from -$753.1 million in Q4 2025, and up 25.91% on a YoY basis from -$595.0 million in Q1 2025.

Nio (NIO) Operating Expenses (2017 - 2026) Analysis & Trends

Nio (NIO) has reported Operating Expenses for 10 consecutive years, with -$749.2 million the latest figure, recorded in Q1 2026.

  • Quarterly Operating Expenses rose 25.91% year-over-year to -$749.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$3.4 billion (up 18.46% YoY) and the FY2025 annual result came in at $3.7 billion, down 4.49% from the prior year.
  • Operating Expenses came in at -$749.2 million for Q1 2026 at Nio, up from -$753.1 million in the prior quarter.
  • The five-year high for Operating Expenses was -$573.5 million in Q1 2022, with the low at -$1.1 billion in Q4 2024.
  • A 5-year average of -$881.1 million and a median of -$872.7 million in 2023 frame the typical range for Operating Expenses.
  • Year-over-year, Operating Expenses sank 103.02% in 2022 and jumped 34.1% in 2025.
  • Tracing NIO's Operating Expenses over 5 years: stood at -$1.1 billion in 2022, then declined by 4.36% to -$1.1 billion in 2023, then decreased by 2.65% to -$1.1 billion in 2024, then soared by 34.1% to -$753.1 million in 2025, then advanced by 0.52% to -$749.2 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$749.2 million in Q1 2026, -$753.1 million in Q4 2025, and -$919.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Tesla 1,375.42 Bn 1,330.73 Bn 4.72 Bn 3.78 Bn
2 Ford Motor 78.30 Bn 47.85 Bn 7.94 Bn 40.92 Bn
3 General Motors 68.82 Bn 46.43 Bn 4.32 Bn 40.70 Bn
4 Xpeng 40.80 Bn 38.26 Bn 388.90 Mn -660.64 Mn
5 Rivian Automotive 21.46 Bn 16.65 Bn 119.00 Mn 1.00 Bn
6 Li Auto 12.40 Bn -965.30 Mn 262.11 Mn -696.85 Mn
7 Nio 12.31 Bn 9.20 Bn 704.43 Mn -749.20 Mn
8 VinFast Auto 7.23 Bn 91,500.01 Bn -17,004.89 Bn -3,574.44 Bn
9 Lucid 2.18 Bn 1.48 Bn -311.71 Mn 1.27 Bn
10 China Yuchai International 1.74 Bn 678.93 Mn 317.01 Mn -282.20 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -749.20 Mn
Dec 31, 2025 -753.14 Mn
Sep 30, 2025 -919.52 Mn
Jun 30, 2025 -950.13 Mn
Mar 31, 2025 -1.01 Bn
Dec 31, 2024 -1.14 Bn
Sep 30, 2024 -1.03 Bn
Jun 30, 2024 -949.20 Mn
Mar 31, 2024 -814.62 Mn
Dec 31, 2023 -1.11 Bn
Sep 30, 2023 -872.70 Mn
Jun 30, 2023 -849.65 Mn
Mar 31, 2023 -767.97 Mn
Dec 31, 2022 -1.07 Bn
Sep 30, 2022 -787.99 Mn
Jun 30, 2022 -624.93 Mn
Mar 31, 2022 -573.49 Mn
Dec 31, 2021 -650.39 Mn
Sep 30, 2021 -463.28 Mn
Jun 30, 2021 -361.99 Mn