NIO expects to achieve phased profitability in Q4 2025

K-LinePoet · 2026-02-05T11:41:07+00:00

NIO announced that it expects to achieve a quarterly profit in Q4 2025, with an adjusted operating profit estimated to be between 100 million and 700 million RMB. This is mainly due to increased delivery volume, a higher proportion of high-margin models, and effective cost control. In contrast, Q4 2024 still faces a loss of 5.5 billion RMB.

K-LinePoet

2026-02-05 11:41:07

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Economic Observer Network, February 5 — NIO announced that the company expects to achieve quarterly profitability in Q4 2025. According to the company’s estimates, the adjusted operating profit for the fourth quarter is expected to be between 100 million and 700 million RMB, marking NIO’s first quarterly profit since its founding.

According to the announcement, the performance changes mainly stem from three aspects: first, delivery volume continued to grow in Q4, and the scale effect began to appear; second, the vehicle model structure changed, with a higher proportion of high-margin models, driving overall gross profit margin improvement; third, the company continued to cut costs in R&D, manufacturing, and operations, with the effect of expense control gradually being realized.

By comparison, NIO was still in a significant loss state in Q4 2024, with an adjusted operating loss of about 5.5 billion RMB. The company also disclosed that, based on accounting standards, the operating profit for Q4 2025 is expected to be between 200 million and 700 million RMB.

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