Niu Technologies (NIU) Operating Expenses (2017 - 2026)

Niu Technologies has reported Operating Expenses for 10 years, with the latest figure at -$38.2 million in Q1 2026.

• Quarterly Operating Expenses fell 67.99% year-over-year to -$38.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$146.4 million (down 40.54% YoY) and the FY2025 annual result came in at $133.4 million, up 29.82% from the prior year.
• Operating Expenses eased to -$38.2 million in Q1 2026 per NIU's latest filing, from -$29.5 million in the prior quarter.
• Over five years, Operating Expenses peaked at -$22.6 million in Q1 2022 and troughed at -$41.7 million in Q3 2025.
• A 5-year average of -$30.1 million and a median of -$28.4 million in 2022 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2024 and 2026: Operating Expenses advanced 27.74% in 2024, then plunged 67.99% in 2026.
• Over 5 years, Operating Expenses stood at -$28.4 million in 2022, then slipped by 22.29% to -$34.7 million in 2023, then grew by 23.73% to -$26.4 million in 2024, then fell by 11.45% to -$29.5 million in 2025, then fell by 29.63% to -$38.2 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered -$38.2 million, -$29.5 million, and -$41.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.