Nio (NIO) Research & Development (2017 - 2026)
Nio (NIO) recorded quarterly Research & Development of -$273.3 million in Q1 2026, up 5.67% on a QoQ basis from -$289.7 million in Q4 2025, and up 37.67% year-over-year from -$198.5 million in Q1 2025.
Nio (NIO) Research & Development (2017 - 2026) Analysis & Trends
Nio has disclosed Research & Development across 10 years of filings, most recently posting -$273.3 million for 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 advanced to -$273.3 million in Q1 2026, from -$289.7 million in the prior quarter.
- Over five years, Research & Development peaked at -$273.3 million in Q1 2026 and troughed at -$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 climbed by 3.06% to -$559.5 million in 2023, then gained by 10.97% to -$498.1 million in 2024, then jumped by 41.84% to -$289.7 million in 2025, then climbed by 5.67% to -$273.3 million in 2026.
- Business Quant data shows NIO's Research & Development at -$273.3 million in Q1 2026, -$289.7 million in Q4 2025, and -$335.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,297.09 Bn | 1,252.41 Bn | 4.72 Bn | 1.95 Bn |
| 2 | Toyota Motor | 440.56 Bn | 289.71 Bn | 39.87 Bn | - |
| 3 | Ferrari | 75.26 Bn | 73.46 Bn | 1.09 Bn | 278.21 Mn |
| 4 | General Motors | 72.40 Bn | 50.02 Bn | 4.32 Bn | - |
| 5 | Ford Motor | 56.05 Bn | 25.60 Bn | 7.94 Bn | - |
| 6 | Rivian Automotive | 20.65 Bn | 15.84 Bn | 119.00 Mn | 458.00 Mn |
| 7 | China Yuchai International | 14.25 Bn | 13.19 Bn | 317.01 Mn | -124.48 Mn |
| 8 | VinFast Auto | 7.11 Bn | 10.11 Bn | -15,731.99 Bn | -2,869.36 Bn |
| 9 | Digital Currency X Technology | 4.89 Bn | 4.89 Bn | - | - |
| 10 | Nio | 1.77 Bn | -1.40 Bn | 704.43 Mn | -273.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |