Niu Technologies (NIU) Operating Expenses (2017 - 2026)
Niu Technologies (NIU) posted Operating Expenses of -$38.2 million for Q1 2026, down 29.63% sequentially from -$29.5 million in Q4 2025, and down 67.99% YoY from -$119.3 million in Q1 2025.
Niu Technologies (NIU) Operating Expenses (2017 - 2026) Analysis & Trends
Niu Technologies (NIU) has 10 years of Operating Expenses data on file, last reported 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.
- The five-year high for Operating Expenses was -$22.6 million in Q1 2022, with the low at -$41.7 million in Q3 2025.
- Average Operating Expenses over 5 years is -$30.1 million, with a median of -$28.4 million recorded in 2022.
- Year-over-year, Operating Expenses grew 27.74% in 2024 and slumped 67.99% in 2026.
- Niu Technologies' Operating Expenses stood at -$28.4 million in 2022, then dropped by 22.29% to -$34.7 million in 2023, then increased by 23.73% to -$26.4 million in 2024, then retreated by 11.45% to -$29.5 million in 2025, then retreated by 29.63% to -$38.2 million in 2026.
- Business Quant data shows NIU's Operating Expenses at -$38.2 million in Q1 2026, -$29.5 million in Q4 2025, and -$41.7 million in Q3 2025.
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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 | Niu Technologies | 334.72 Mn | 334.72 Mn | 22.98 Mn | -38.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -38.21 Mn |
| Dec 31, 2025 | -29.47 Mn |
| Sep 30, 2025 | -41.73 Mn |
| Jun 30, 2025 | -36.98 Mn |
| Mar 31, 2025 | -22.74 Mn |
| Dec 31, 2024 | -26.45 Mn |
| Sep 30, 2024 | -28.58 Mn |
| Jun 30, 2024 | -26.40 Mn |
| Mar 31, 2024 | -22.84 Mn |
| Dec 31, 2023 | -34.68 Mn |
| Sep 30, 2023 | -39.55 Mn |
| Jun 30, 2023 | -27.42 Mn |
| Mar 31, 2023 | -22.96 Mn |
| Dec 31, 2022 | -28.36 Mn |
| Sep 30, 2022 | -37.09 Mn |
| Jun 30, 2022 | -25.83 Mn |
| Mar 31, 2022 | -22.55 Mn |
| Dec 31, 2021 | -29.58 Mn |
| Sep 30, 2021 | -23.78 Mn |
| Jun 30, 2021 | -21.20 Mn |