Nio (NIOIF) Cost of Revenue (2018 - 2026)
Nio (NIOIF) recorded quarterly Cost of Revenue of $3.9 billion in Q2 2026, up 28.99% on a QoQ basis from $3.0 billion in Q1 2026, and up 61.85% YoY from $2.4 billion in Q2 2025.
Analysis
Nio (NIOIF) Cost of Revenue (2018 - 2026) Analysis & Trends
Nio (NIOIF) has reported Cost of Revenue for 9 consecutive years, with $3.9 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 61.85% year-over-year to $3.9 billion; the trailing twelve-month figure through Jun 2026 stood at $13.6 billion (up 56.55% YoY), and the FY2025 full-year result was $10.8 billion, up 33.16% from the prior year.
- Cost of Revenue was $3.9 billion for Q2 2026 at Nio, up from $3.0 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.
- Historically, Cost of Revenue has averaged $2.2 billion across 5 years, with a median of $2.2 billion in 2022.
- Annual changes were most pronounced in 2024 — Cost of Revenue decreased 14.78% — and 2026, when it jumped 95.67%.
- Tracing NIOIF's Cost of Revenue over 5 years: stood at $2.2 billion in 2022, then decreased by 0.45% to $2.2 billion in 2023, then gained by 6.92% to $2.4 billion in 2024, then jumped by 71.48% to $4.1 billion in 2025, then slipped by 5.4% to $3.9 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $3.9 billion in Q2 2026, $3.0 billion in Q1 2026, and $4.1 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,194.76 Bn | 1,151.24 Bn | 4.75 Bn | 23.49 Bn |
| 2 | Toyota Motor | 256.51 Bn | 178.52 Bn | 12.27 Bn | 63.91 Bn |
| 3 | Honda Motor | 125.73 Bn | 85.60 Bn | 8.46 Bn | 29.57 Bn |
| 4 | Ford Motor | 79.38 Bn | 48.05 Bn | 6.08 Bn | 42.22 Bn |
| 5 | General Motors | 76.21 Bn | 51.49 Bn | 7.33 Bn | 40.70 Bn |
| 6 | Rivian Automotive | 21.54 Bn | 16.23 Bn | 179.00 Mn | 1.48 Bn |
| 7 | Nio | 8.66 Bn | 2.33 Bn | 870.51 Mn | 3.87 Bn |
| 8 | VinFast Auto | 7.20 Bn | 7.20 Bn | -677,431.76 Bn | 1,598,117.44 Bn |
| 9 | Li Auto | 5.98 Bn | -6.51 Bn | 417.98 Mn | 3.36 Bn |
| 10 | Xpeng | 5.26 Bn | 2.95 Bn | 601.83 Mn | 2.31 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.87 Bn |
| Mar 31, 2026 | 3.00 Bn |
| Dec 31, 2025 | 4.09 Bn |
| Sep 30, 2025 | 2.64 Bn |
| Jun 30, 2025 | 2.39 Bn |
| Mar 31, 2025 | 1.53 Bn |
| Dec 31, 2024 | 2.38 Bn |
| Sep 30, 2024 | 2.37 Bn |
| Jun 30, 2024 | 2.17 Bn |
| Mar 31, 2024 | 1.30 Bn |
| Dec 31, 2023 | 2.23 Bn |
| Sep 30, 2023 | 2.40 Bn |
| Jun 30, 2023 | 1.20 Bn |
| Mar 31, 2023 | 1.53 Bn |
| Dec 31, 2022 | 2.24 Bn |
| Sep 30, 2022 | 1.58 Bn |
| Jun 30, 2022 | 1.34 Bn |
| Mar 31, 2022 | 1.34 Bn |
| Dec 31, 2021 | 1.29 Bn |
| Sep 30, 2021 | 1.21 Bn |