R&D expense · 2018–2025
NIO R&D expense
$1.5B−15.1% · FY2025
NIO (NIO) reported $1.5B in R&D expense for fiscal 2025, −15.1% year on year.
| Fiscal year | R&D expense | Change | Filing |
|---|---|---|---|
| FY20252025-12-31 | $1.5B | −15.1% | Open → |
| FY20242024-12-31 | $1.8B | −5.6% | Open → |
| FY20232023-12-31 | $1.9B | +20.4% | Open → |
| FY20222022-12-31 | $1.6B | +118.0% | Open → |
| FY20212021-12-31 | $721M | +89.0% | Open → |
| FY20202020-12-31 | $381M | −40.1% | Open → |
| FY20192019-12-31 | $636M | +9.4% | Open → |
| FY20182018-12-31 | $581M | — | Open → |
R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2018–2025 compound annual growth +14.7%
R&D expense 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 R&D expense |url=https://companiesranked.com/en/company/nio/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). NIO R&D expense. CompaniesRanked. https://companiesranked.com/en/company/nio/research-and-development-expenseBibTeX
@misc{companiesranked-en-company-nio-research-and-development-expense-2026,
author = {{CompaniesRanked}},
title = {{NIO R\&D expense}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/nio/research-and-development-expense}},
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 R&D expense — 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.