R&D expense · 2018–2025
Niu Technologies R&D expense
$23.8M+33.5% · FY2025
Niu Technologies (NIU) reported $23.8M in R&D expense for fiscal 2025, +33.5% year on year.
| Fiscal year | R&D expense | Change | Filing |
|---|---|---|---|
| FY20252025-12-31 | $23.8M | +33.5% | Open → |
| FY20242024-12-31 | $17.8M | −16.2% | Open → |
| FY20232023-12-31 | $21.3M | −16.9% | Open → |
| FY20222022-12-31 | $25.6M | +20.6% | Open → |
| FY20212021-12-31 | $21.2M | +31.4% | Open → |
| FY20202020-12-31 | $16.1M | +67.3% | Open → |
| FY20192019-12-31 | $9.7M | −27.7% | Open → |
| FY20182018-12-31 | $13.4M | — | 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 +8.6%
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=Niu Technologies R&D expense |url=https://companiesranked.com/en/company/niu-technologies/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Niu Technologies R&D expense. CompaniesRanked. https://companiesranked.com/en/company/niu-technologies/research-and-development-expenseBibTeX
@misc{companiesranked-en-company-niu-technologies-research-and-development-expense-2026,
author = {{CompaniesRanked}},
title = {{Niu Technologies R\&D expense}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/niu-technologies/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 · 0001104659-26-044568 · April 17, 2026
{{cite web |title=Niu Technologies R&D expense — 20-F (0001104659-26-044568) |url=https://www.sec.gov/Archives/edgar/data/1744781/000110465926044568/niu-20251231x20f.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-04-17}}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.