NYSE$NIO
Nio Inc.-ADR · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Nio reported its Q2 2025 results, showing strong delivery growth and narrowing losses.
Nio posted higher revenues and improved gross profit in Q2 2025, with record quarterly deliveries. Net loss narrowed compared to Q1, reflecting operational improvements.
- Total revenue rose to $2.65 billion, driven by 72,056 vehicle deliveries.
- Net loss narrowed to $697 million from $1.02 billion in Q1.
- Adjusted EPS improved to -$0.25 from -$0.41 in Q1.
- Gross margin rose to 10.0%, reflecting better product mix and used car sales.
Headline financials
Revenue & EPS history
Nio · Revenue · Quarterly
$2.65B
Revenue by segment
Nio · $25.5B total across 2 segments · Q1 2026
- Vehicle sales$22.8B—89.2%
- Other sales$2.75B—10.8%
Forward guidance
Nio expects Q3 2025 deliveries between 87,000 and 91,000 vehicles and revenue between $3.05 billion and $3.19 billion.
Tailwinds
- Projected record-high quarterly deliveries.
- Strong market reception for ONVO L90 and All-New ES8.
- Ongoing improvement in operational efficiency.
- Continued cost reductions across business units.
- Revenue expected to increase up to 22.5% YoY.
Headwinds
- Gross margin still relatively low at 10%.
- Continued net losses despite improvement.
- Ongoing need for high R&D and SG&A expenses.
- Negative shareholder equity remains a concern.
- Dependence on favorable market reception of new models.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2025
-0.4%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+2.2%
Avg return
30 days after
32%
9 / 28 earnings
Positive
+66.1%
Q3 2019
Best reaction
-24.6%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +0.0% | -7.2% | -11.3% | |
| Q1 2026 | -2.7% | -9.6% | -16.9% | |
| Q2 2025 | +2.7% | -6.7% | +23.7% | |
| H1 2025 | +0.6% | +3.1% | -0.3% | |
| Q4 2024 | -4.5% | +9.9% | -26.5% | |
| Q2 2024 | +18.4% | +29.2% | +59.7% | |
| Q1 2024 | -8.3% | -8.0% | -18.1% | |
| Q3 2023 | +5.9% | +0.8% | +13.0% | |
| Q2 2023 | -3.2% | -0.2% | -19.1% | |
| Q1 2023 | +7.8% | +16.2% | +28.2% | |
| Q4 2022 | -3.2% | -0.9% | +11.9% | |
| Q3 2022 | +25.0% | +24.4% | +36.5% | |
| Q2 2022 | +3.3% | +27.1% | -19.6% | |
| Q1 2022 | -11.0% | -8.4% | +10.9% | |
| Q4 2021 | -9.0% | +0.0% | -21.4% | |
| Q3 2021 | -8.4% | -1.2% | -21.2% | |
| Q2 2021 | -4.0% | -12.7% | -14.1% | |
| Q1 2021 | -3.3% | -7.9% | -6.2% | |
| Q4 2020 | -5.4% | -16.8% | -14.9% | |
| Q3 2020 | -1.1% | +8.1% | +0.9% | |
| Q2 2020 | -6.0% | -7.8% | +24.8% | |
| Q1 2020 | -4.6% | +12.7% | +65.5% | |
| Q4 2019 | -17.9% | -18.3% | +10.7% | |
| Q3 2019 | +66.1% | +58.3% | +76.4% | |
| Q2 2019 | -24.6% | -35.7% | -43.4% | |
| Q1 2019 | -6.5% | -21.0% | -32.6% | |
| Q4 2018 | -18.1% | -27.8% | -45.3% | |
| Q3 2018 | +0.9% | +1.3% | +10.3% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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