Niu Technologies
NASDAQ:NIU · NASDAQ Global Market
+$0.04 today
Vol 0.26M · Avg 0.45M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:NIU · Revenue to Net Income
Key Ratios
Analysis
$4.5B of revenue converted into -$92.7M of net income for the selected period. Gross margin is 18.7% and net margin is -4.5%, showing how much revenue survives after costs and taxes. EPS is $-1.21, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.2B +27.4% | $3.3B +24.0% | $2.7B -16.3% | $3.2B -14.5% | $3.7B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $3.4B +20.8% | $2.8B +34.0% | $2.1B -16.7% | $2.5B -13.6% | $2.9B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $820.6M +64.5% | $498.8M -12.6% | $570.7M -14.8% | $669.7M -17.6% | $812.8M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 19.6% +4.4pp | 15.2% -6.4pp | 21.5% +0.4pp | 21.1% -0.8pp | 21.9% | 9.8% | 28.9% | 38.3% |
| Research & Development | $161.9M +24.4% | $130.1M -13.8% | $151.0M -14.4% | $176.5M +30.5% | $135.2M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $692.5M +11.7% | $620.2M +3.2% | $600.8M +0.3% | $598.9M +26.4% | $473.8M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $907.8M +21.1% | $749.4M -15.6% | $888.3M +17.0% | $759.0M +35.5% | $560.3M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $112.8M -7.7% | $122.1M -17.5% | $148.1M +3.8% | $142.7M +49.5% | $95.5M | $374.2M | $1.2B | $631.8M |
| EBITDA | $58.1M +165.2% | -$89.0M +32.8% | -$132.5M -271.7% | $77.2M -79.4% | $374.5M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 1.4% +4.1pp | -2.7% +2.3pp | -5.0% -7.4pp | 2.4% -7.7pp | 10.1% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$87.2M +65.2% | -$250.6M +21.1% | -$317.5M -255.6% | -$89.3M -135.4% | $252.5M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -2.1% +5.5pp | -7.6% +4.4pp | -12.0% -9.2pp | -2.8% -9.6pp | 6.8% | 16.6% | 24.1% | 22.0% |
| Interest Income | $31.1M -16.1% | $37.1M +4.5% | $35.5M +176.0% | $12.9M +139.2% | $5.4M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $6.0M +6.0% | $5.6M +294.9% | $1.4M -75.1% | $5.7M -7.3% | $6.2M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $26.5M -21.6% | $33.8M -4.7% | $35.5M +96.5% | $18.1M -11.4% | $20.4M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$60.7M +72.0% | -$216.8M +23.1% | -$282.0M -296.0% | -$71.2M -126.1% | $272.9M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -1.4% +5.1pp | -6.6% +4.0pp | -10.6% -8.4pp | -2.2% -9.6pp | 7.4% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$22.4M +5.3% | -$23.6M -131.6% | -$10.2M +53.2% | -$21.8M -146.3% | $47.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$38.3M +80.2% | -$193.2M +28.9% | -$271.8M -449.6% | -$49.5M -121.9% | $225.8M | $4.9B | $4.8B | $4.7B |
| Net Margin | -0.9% +5.0pp | -5.9% +4.4pp | -10.3% -8.7pp | -1.6% -7.7pp | 6.1% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$0 +80.3% | -$2 +29.5% | -$3 -424.2% | -$1 -122.4% | $3 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$0 +80.3% | -$2 +29.5% | -$3 -424.2% | -$1 -123.4% | $3 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $79.9M +0.8% | $79.2M +1.0% | $78.4M +3.9% | $75.4M -1.8% | $76.8M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $79.9M +0.8% | $79.2M +1.0% | $78.4M +3.9% | $75.4M -6.0% | $80.2M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Citi Trends, Inc.
NASDAQ:CTRN
$512.20M
Genesco Inc.
NYSE:GCO
$400.30M
Haverty Furniture Companies, Inc.
NYSE:HVT
$395.14M
MasterCraft Boat Holdings, Inc.
NASDAQ:MCFT
$381.96M
Holley Inc.
NYSE:HLLY
$300.92M
Motorcar Parts of America, Inc.
NASDAQ:MPAA
$286.81M
Jack in the Box Inc.
NASDAQ:JACK
$249.01M
WW International, Inc.
NASDAQ:WW
$189.28M
Innoviz Technologies Ltd.
NASDAQ:INVZ
$129.52M
Empery Digital Inc.
NASDAQ:EMPD
$102.88M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does NIU generate?
Niu Technologies (NIU) reported $4.19B of revenue in fiscal 2025.
Is NIU profitable?
Niu Technologies (NIU) reported -$38,312,532.00 of net income, with a net margin of -0.9%.
Explore More
Continue the stock analysis
Jump to another research area for this company.