Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +98.9% EPS YoY: +32.4% Move: -2.98%

NIO Inc

NIO

$4.89 -2.98%

Exchange NYSE Sector Consumer Cyclical Industry Auto Manufacturers

Q2 2024

Published: Jun 6, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for NIO

Reported

Report Date

Jun 6, 2024

Quarter Q2 2024

Revenue

17.45B

YoY: +98.9%

EPS

-2.50

YoY: +32.4%

Market Move

-2.98%

Previous quarter: Q1 2024

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Earnings Highlights

Revenue of $17.45B up 98.9% year-over-year
EPS of $-2.50 increased by 32.4% from previous year
Gross margin of 9.7%
Net income of -5.13B
""Our total revenue were RMB 17.4 billion, up 98.9% year-over-year and up 76.1% quarter-over-quarter."" - Stanley Qu

NIO

NIO Inc

Period Q2 2024

Currency CNY

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

NIO Inc reported a strong performance for the second quarter of 2024, showcasing significant growth across key financial metrics. Revenue reached RMB 17.4 billion, representing a staggering 98.9% increase year-over-year and a 76.1% rise quarter-over-quarter. The company achieved a record delivery of 57,373 vehicles in Q2, marking a remarkable 143.9% growth from the same period last year.
Management emphasized continuous optimization of their product mix and operational efficiencies resulting in an improved vehicle margin of 12.2% compared to 6.2% in Q2 2023. With the launch of innovative technologies and service initiatives, NIO is positioned to further enhance its competitive edge in the expanding battery electric vehicle (BEV) market.

Key Performance Indicators

Revenue

Increasing

17.45B

QoQ: 76.07% | YoY: 98.89%

Gross Profit

Increasing

1.69B

9.70% margin

QoQ: 246.24% | YoY: 1 842.03%

Operating Income

Increasing

-5.21B

QoQ: 3.43% | YoY: 14.24%

Net Income

Increasing

-5.13B

QoQ: 2.50% | YoY: 16.26%

EPS

Increasing

-2.50

QoQ: 2.72% | YoY: 32.43%

Revenue Trend

Margin Analysis

Financial Highlights

### Financial Performance Metrics
- Total Revenue: RMB 17.4 billion (YoY: +98.9%, QoQ: +76.1%)
- Vehicle Sales Revenue: RMB 15.7 billion (YoY: +118.2%, QoQ: +87.1%)
- Total Gross Margin: 9.7% (Q2 2023: 1.0%; Q1 2024: 4.9%)
- Operating Income: -RMB 5.2 billion
- Net Income: -RMB 5.0 billion (YoY: decrease of 16.7%)
- EPS: -RMB 2.50

### Balance Sheet Highlights
- Cash and Cash Equivalents: RMB 24.7 billion
- Total Assets: RMB 100.5 billion
- Total Liabilities: RMB 79.8 billion
- Total Stockholders' Equity: RMB 16.1 billion

### Ratios
- Current Ratio: 1.107
- Debt Ratio: 0.330
- Interest Coverage: -29.57

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	17.45B	98.89%	76.07%
Gross Profit	1.69B	1 842.03%	246.24%
Operating Income	-5.21B	14.24%	3.43%
Net Income	-5.13B	16.26%	2.50%
EPS	-2.50	32.43%	2.72%

Key Financial Ratios

Gross Profit Margin

Weak

9.68%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

-0.30%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.29%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.05%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.32%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.11

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

2.06

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Negative

-3.23x

Negative earnings make P/E ratio not meaningful

Price to Book

Premium

4.11x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2024	18,673.53	-2.50	-2.1%	View
Q2 2024	17,445.97	-2.50	+98.9%	View
Q1 2024	9,908.64	-2.57	-7.2%	View
Q4 2023	17,103.18	-3.18	+6.5%	View
Q3 2023	19,066.55	-2.67	+46.6%	View

NIO Inc (NIO) Q2 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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