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

Reported Q: Q3 2024 Rev YoY: -2.1% EPS YoY: +6.4% Move: +7.23%

NIO Inc

NIO

$5.04 7.23%

Exchange NYSE Sector Consumer Cyclical Industry Auto Manufacturers

Q3 2024

Published: Sep 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for NIO

Reported

Report Date

Sep 30, 2024

Quarter Q3 2024

Revenue

18.67B

YoY: -2.1%

EPS

-2.50

YoY: +6.4%

Market Move

+7.23%

Previous quarter: Q2 2024

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Earnings Highlights

Revenue of $18.67B down 2.1% year-over-year
EPS of $-2.50 increased by 6.4% from previous year
Gross margin of 10.7%
Net income of -5.14B
""We are confident in the demand for the L60. Our conversion rate from test drives to orders has been very high" - William Li, CEO" - William Li

NIO

NIO Inc

Period Q3 2024

Currency CNY

Report Type Quarterly Earnings

Generated Feb 9, 2026

Executive Summary

NIO Inc's Q3 2024 results reflect a mixed performance amidst significant milestones and strategic shifts. With total revenues of RMB 18.67 billion, NIO experienced a 2.1% decrease year-over-year, while quarter-over-quarter growth was observed at 7.0%. Vehicle deliveries reached a record 61,855 units, establishing NIO as a leader in China's premium battery electric vehicle sector with a 48% market share in the high-end segment. Despite these achievements, the company reported a net loss of RMB 5.14 billion, primarily attributed to increased operating expenses and foreign exchange pressures. Management remains optimistic about future profitability, projecting a vehicle margin of 15% for upcoming quarters, driven by reduced material costs and strategic brand positioning.

Key Performance Indicators

Revenue

Decreasing

18.67B

QoQ: 7.04% | YoY: -2.06%

Gross Profit

Increasing

2.01B

10.75% margin

QoQ: 18.87% | YoY: 31.78%

Operating Income

Decreasing

-5.24B

QoQ: -0.55% | YoY: -8.13%

Net Income

Decreasing

-5.14B

QoQ: -0.30% | YoY: -11.08%

EPS

Increasing

-2.50

QoQ: 0.00% | YoY: 6.37%

Revenue Trend

Margin Analysis

Financial Highlights

Financial Highlights:
- Revenue: RMB 18.67 billion (YoY -2.1%, QoQ +7.0%)
- Gross Profit: RMB 2.01 billion (YoY +31.8%, QoQ +18.9%)
- Net Loss: RMB 5.14 billion (YoY -11.1%, QoQ -0.3%)
- Vehicle Deliveries: 61,855 units (record, implies growth in market share)
- Vehicle Margin: 13.1% (up from 11% YoY and 12.2% QoQ)
- Operating Expenses: R&D - RMB 3.33 billion (+9.2% YoY), SG&A - RMB 4.1 billion (+13.8% YoY)
- Cash Position: Strong balance sheet with RMB 42.2 billion in cash and equivalents, indicating solid liquidity to sustain operations.

Management emphasized that the vehicle margin improvement stems from enhanced component cost efficiencies. The continuous ramp-up in production capacity is essential to meet planned deliveries of 72,000 to 75,000 units for Q4.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	18.67B	-2.06%	7.04%
Gross Profit	2.01B	31.78%	18.87%
Operating Income	-5.24B	-8.13%	-0.55%
Net Income	-5.14B	-11.08%	-0.30%
EPS	-2.50	6.37%	0.00%

Key Financial Ratios

Gross Profit Margin

Weak

10.70%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

-0.28%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.28%

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

-0.45%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.05

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

2.99

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

P/E Ratio

Negative

-4.68x

Negative earnings make P/E ratio not meaningful

Price to Book

High Premium

8.49x

Very high premium suggests asset-light business model or lofty expectations

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) Q3 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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