Nio (NIO) Research & Development (2017 - 2026)

Nio's (NIO) quarterly Research & Development came in at -$273.3 million in Q1 2026, up 37.67% YoY from -$198.5 million in Q1 2025, and up 5.67% on a QoQ basis from -$289.7 million in Q4 2025.

Nio (NIO) Research & Development (2017 - 2026) Analysis & Trends

Nio (NIO) has 10 years of Research & Development data on file, last reported at -$273.3 million in Q1 2026.

  • Quarterly Research & Development rose 37.67% year-over-year to -$273.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$1.3 billion (up 28.82% YoY) and the FY2025 annual result came in at $1.5 billion, down 15.09% from the prior year.
  • Research & Development improved to -$273.3 million in Q1 2026, from -$289.7 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of -$273.3 million in Q1 2026 to a low of -$577.1 million in Q4 2022.
  • A 5-year average of -$414.3 million and a median of -$419.8 million in 2025 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2022 — Research & Development slumped 165.2% — and 2025, when it surged 41.84%.
  • Tracing NIO's Research & Development over 5 years: stood at -$577.1 million in 2022, then gained by 3.06% to -$559.5 million in 2023, then increased by 10.97% to -$498.1 million in 2024, then surged by 41.84% to -$289.7 million in 2025, then gained by 5.67% to -$273.3 million in 2026.
  • The last three Research & Development figures came in at -$273.3 million (Q1 2026), -$289.7 million (Q4 2025), and -$335.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Tesla 1,062.42 Bn 1,018.89 Bn 4.75 Bn 2.37 Bn
2 Toyota Motor 248.02 Bn 113.80 Bn 12.27 Bn -
3 Honda Motor 127.13 Bn 92.93 Bn -34.06 Bn 15.60 Bn
4 Ford Motor 81.51 Bn 50.18 Bn 6.08 Bn -
5 General Motors 78.38 Bn 53.66 Bn 7.33 Bn -
6 Li Auto 26.25 Bn 12.80 Bn 262.11 Mn -394.63 Mn
7 Xpeng 23.13 Bn 20.59 Bn 388.90 Mn -421.43 Mn
8 Rivian Automotive 21.08 Bn 15.77 Bn 179.00 Mn 466.00 Mn
9 Stellantis 16.04 Bn -25.41 Bn 5.55 Bn 1.52 Bn
10 Nio 11.72 Bn 7.14 Bn 704.43 Mn -273.27 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -273.27 Mn
Dec 31, 2025 -289.71 Mn
Sep 30, 2025 -335.81 Mn
Jun 30, 2025 -419.77 Mn
Mar 31, 2025 -438.41 Mn
Dec 31, 2024 -498.11 Mn
Sep 30, 2024 -472.92 Mn
Jun 30, 2024 -442.88 Mn
Mar 31, 2024 -396.69 Mn
Dec 31, 2023 -559.46 Mn
Sep 30, 2023 -416.54 Mn
Jun 30, 2023 -461.24 Mn
Mar 31, 2023 -447.84 Mn
Dec 31, 2022 -577.13 Mn
Sep 30, 2022 -413.93 Mn
Jun 30, 2022 -320.91 Mn
Mar 31, 2022 -277.90 Mn
Dec 31, 2021 -286.93 Mn
Sep 30, 2021 -185.17 Mn
Jun 30, 2021 -136.86 Mn