Financials in USD. Standardized financial statements.
A compact view of how Niu Technologies turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $4.19B | $3.29B | $2.65B | $3.17B | $3.70B | $2.44B | $2.08B | $1.48B | $769.37M | $354.81M |
| Revenue Growth? | +27.4% | +24.0% | -16.3% | -14.5% | +51.6% | +17.7% | +40.5% | +92.1% | +116.8% | 0.0% |
| Cost of Revenue? | $3.37B | $2.79B | $2.08B | $2.50B | $2.89B | $1.89B | $1.59B | $1.28B | $714.67M | $367.59M |
| Gross Profit? | $820.59M | $498.76M | $570.75M | $669.68M | $812.78M | $559.15M | $486.55M | $198.63M | $54.70M | -$12.78M |
| Gross Margin? | +19.6% | +15.2% | +21.5% | +21.1% | +21.9% | +22.9% | +23.4% | +13.4% | +7.1% | -3.6% |
| Operating Expenses? | $907.76M | $749.40M | $888.27M | $758.96M | $560.30M | $388.51M | $299.84M | $514.68M | $198.14M | $212.37M |
| Operating Income? | -$87.17M | -$250.63M | -$317.52M | -$89.28M | $252.48M | $170.63M | $186.71M | -$314.41M | -$141.83M | -$226.46M |
| EBITDA? | $25.60M | -$89.04M | -$132.54M | $77.21M | $374.50M | $247.36M | $242.12M | -$322.42M | -$171.76M | -$225.21M |
| Income Before Tax | -$60.67M | -$216.81M | -$282.03M | -$71.22M | $272.86M | $189.74M | $198.30M | -$349.03M | -$184.66M | -$232.72M |
| Income Tax Expense | -$22.36M | -$23.61M | -$10.19M | -$21.76M | $47.04M | $21.09M | $8.21M | $0 | $0 | $2.32M |
| Net Income? | -$38.31M | -$193.20M | -$271.84M | -$49.46M | $225.82M | $168.65M | $190.08M | -$349.03M | -$184.66M | -$232.72M |
| EPS? | $-0.48 | $-2.44 | $-3.46 | $-0.66 | $2.94 | $2.24 | $2.54 | $-4.94 | $-2.48 | $-22.56 |
| Diluted EPS? | $-0.48 | $-2.44 | $-3.46 | $-0.66 | $2.82 | $2.14 | $2.48 | $-4.94 | $-2.48 | $-22.56 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality