Cost of revenue · 2018–2025
NIO cost of revenue
$10.8B+33.2% · FY2025
NIO (NIO) reported $10.8B in cost of revenue for fiscal 2025, +33.2% year on year.
| Fiscal year | Cost of revenue | Change | Filing |
|---|---|---|---|
| FY20252025-12-31 | $10.8B | +33.2% | Open → |
| FY20242024-12-31 | $8.1B | +9.6% | Open → |
| FY20232023-12-31 | $7.4B | +15.7% | Open → |
| FY20222022-12-31 | $6.4B | +39.1% | Open → |
| FY20212021-12-31 | $4.6B | +108.7% | Open → |
| FY20202020-12-31 | $2.2B | +70.1% | Open → |
| FY20192019-12-31 | $1.3B | +71.2% | Open → |
| FY20182018-12-31 | $757M | — | Open → |
Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2018–2025 compound annual growth +46.2%
Cost of revenue at companies of similar size
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=NIO cost of revenue |url=https://companiesranked.com/en/company/nio/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). NIO cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/nio/cost-of-revenueBibTeX
@misc{companiesranked-en-company-nio-cost-of-revenue-2026,
author = {{CompaniesRanked}},
title = {{NIO cost of revenue}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/nio/cost-of-revenue}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 20-F · 0001104659-26-041765 · April 10, 2026
{{cite web |title=NIO cost of revenue — 20-F (0001104659-26-041765) |url=https://www.sec.gov/Archives/edgar/data/1736541/000110465926041765/nio-20251231x20f.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-04-10}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.