NIO Inc. (NIO) balance sheet

NYSE · Consumer Cyclical · Auto - Manufacturers · 35,032 employees · CEO Bin Li

Price: $3.21 -3.17%
Market cap: $7.59B
Enterprise value: CN¥48.2B
Last report: Q2 '26 filed 2026-09-01
Next report: 2026-11-24

At the end of Q2 '26 NIO Inc. (NIO) held CN¥56.6B in cash and short-term investments against CN¥29B of debt incl. leases. Total assets CN¥136B, total liabilities CN¥122B, shareholders' equity CN¥4.07B.

Balance sheet

Balance sheet	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Assets
Cash & equivalents	CN¥24.1B	CN¥32.9B	CN¥23.8B	CN¥24.7B	CN¥23.8B	CN¥19.3B	CN¥8.08B	CN¥7.11B	CN¥9.27B	CN¥26B	CN¥8.83B	CN¥31B
Short-term investments	CN¥14.9B	CN¥16.8B	CN¥14.6B	CN¥11.6B	CN¥13.4B	CN¥2.77B	CN¥11.6B	CN¥10.7B	CN¥14.8B	CN¥19.8B	CN¥22.9B	CN¥25.6B
Receivables	CN¥5.37B	CN¥4.66B	CN¥3.38B	CN¥5.64B	CN¥7.03B	CN¥1.68B	CN¥10.6B	CN¥15.7B	CN¥14.6B	CN¥17.5B	CN¥17.5B	CN¥16.2B
Inventory	CN¥7.06B	CN¥5.28B	CN¥6.21B	CN¥4.89B	CN¥6.82B	CN¥7.09B	CN¥8.7B	CN¥8.24B	CN¥7.48B	CN¥8.54B	CN¥8.58B	CN¥11.1B
Other current assets	CN¥9.28B	CN¥9.88B	CN¥11B	CN¥8.72B	CN¥9.06B	CN¥29.9B	CN¥10.8B	CN¥9.26B	CN¥16.9B	CN¥4.86B	CN¥21.5B	CN¥5.38B
Current assets	CN¥60.7B	CN¥70.4B	CN¥59B	CN¥55.5B	CN¥60.1B	CN¥61.9B	CN¥49.8B	CN¥52.5B	CN¥63.1B	CN¥76.7B	CN¥79.3B	CN¥89.3B
Property, plant & equipment (net)	CN¥30.4B	CN¥37.5B	CN¥35.9B	CN¥36.1B	CN¥36.5B	CN¥40B	CN¥40.2B	CN¥42.8B	CN¥38.8B	CN¥37.6B	CN¥36.7B	CN¥36.2B
Long-term investments	CN¥5.53B	CN¥5.49B	CN¥5.45B	CN¥5.38B	CN¥3.73B	CN¥3.13B	CN¥2.88B	CN¥2.71B	CN¥2.15B	CN¥2.57B	CN¥2.45B	CN¥2.41B
Intangible assets	CN¥238M	CN¥237M	CN¥236M	CN¥234M	CN¥233M	CN¥232M	CN¥230M	CN¥229M	CN¥228M	CN¥29.7M	CN¥225M	CN¥173M
Deferred tax assets	CN¥0	CN¥3.64B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥5.66B	CN¥160M	CN¥3.55B	CN¥3.31B	CN¥3.46B	CN¥2.36B	CN¥5.11B	CN¥1.84B	CN¥7.8B	CN¥7.64B	CN¥7.45B	CN¥8.17B
Non-current assets	CN¥41.8B	CN¥47B	CN¥45.2B	CN¥45B	CN¥43.9B	CN¥45.7B	CN¥48.4B	CN¥47.5B	CN¥49B	CN¥47.8B	CN¥46.9B	CN¥47B
Total assets	CN¥102B	CN¥117B	CN¥104B	CN¥101B	CN¥104B	CN¥108B	CN¥98.2B	CN¥100B	CN¥112B	CN¥124B	CN¥126B	CN¥136B
Liabilities
Accounts payable	CN¥28.1B	CN¥14.1B	CN¥24.2B	CN¥24.6B	CN¥30.2B	CN¥34.4B	CN¥31.4B	CN¥35B	CN¥39.5B	CN¥53.3B	CN¥54B	CN¥60.4B
Accrued expenses	CN¥14.9B	CN¥1.08B	CN¥13.9B	CN¥13.3B	CN¥14.4B	CN¥842M	CN¥17.5B	CN¥872M	CN¥17.7B	CN¥0	CN¥15.2B	CN¥0
Short-term debt	CN¥10.1B	CN¥25.5B	CN¥9.61B	CN¥9.51B	CN¥10.2B	CN¥9.13B	CN¥7.3B	CN¥6.23B	CN¥5.92B	CN¥7.52B	CN¥6.29B	CN¥11B
Taxes payable	CN¥407M	CN¥349M	CN¥1.12B	CN¥691M	CN¥559M	CN¥400M	CN¥393M	CN¥503M	CN¥628M	CN¥0	CN¥306M	CN¥0
Deferred revenue	CN¥0	CN¥2.86B	CN¥0	CN¥0	CN¥0	CN¥4.07B	CN¥0	CN¥4.02B	CN¥0	CN¥0	CN¥0	CN¥0
Other current liabilities	CN¥0	CN¥709M	CN¥0	CN¥0	CN¥0	CN¥653M	CN¥0	CN¥682M	CN¥0	CN¥17.3B	CN¥0	CN¥15.9B
Current liabilities	CN¥55.4B	CN¥57.8B	CN¥51.1B	CN¥50.2B	CN¥57.5B	CN¥62.3B	CN¥59.5B	CN¥62.3B	CN¥67.3B	CN¥78.6B	CN¥78.6B	CN¥87.6B
Long-term debt	CN¥12.2B	CN¥13B	CN¥11.4B	CN¥11.6B	CN¥11.3B	CN¥11.4B	CN¥9.29B	CN¥9.11B	CN¥8.72B	CN¥8.63B	CN¥8.39B	CN¥8.55B
Lease obligations (non-current)	CN¥8.66B	CN¥10.1B	CN¥10.1B	CN¥10.2B	CN¥10.6B	CN¥11.3B	CN¥11.4B	CN¥12.8B	CN¥10.3B	CN¥10.1B	CN¥9.71B	CN¥9.42B
Deferred revenue (non-current)	CN¥0	CN¥3.38B	CN¥0	CN¥283M	CN¥0	CN¥3.44B	CN¥0	CN¥3.28B	CN¥0	CN¥0	CN¥0	CN¥0
Deferred tax liabilities	CN¥0	CN¥212M	CN¥214M	CN¥211M	CN¥210M	CN¥127M	CN¥125M	CN¥127M	CN¥119M	CN¥113M	CN¥118M	CN¥133M
Other non-current liabilities	CN¥6.51B	CN¥7.13B	CN¥6.66B	CN¥7.29B	CN¥8.38B	CN¥5.49B	CN¥18.2B	CN¥5.81B	CN¥13.5B	CN¥14.3B	CN¥14.9B	CN¥16.2B
Non-current liabilities	CN¥27.3B	CN¥33.8B	CN¥28.4B	CN¥29.6B	CN¥30.4B	CN¥31.8B	CN¥38.9B	CN¥31.1B	CN¥32.6B	CN¥33.1B	CN¥33.1B	CN¥34.3B
Total liabilities	CN¥82.8B	CN¥91.6B	CN¥79.5B	CN¥79.8B	CN¥87.9B	CN¥94.1B	CN¥98.4B	CN¥93.4B	CN¥100B	CN¥112B	CN¥112B	CN¥122B
Equity
Common stock & paid-in capital	CN¥15.7B	CN¥3.62M	CN¥20.6B	CN¥16.1B	CN¥11.3B	CN¥3.66M	-CN¥366M	CN¥3.93M	CN¥0	CN¥0	CN¥0	CN¥0
Retained earnings	CN¥0	-CN¥90.8B	CN¥0	CN¥0	CN¥0	-CN¥113B	CN¥0	-CN¥125B	CN¥0	CN¥0	CN¥0	CN¥0
Accumulated other comprehensive income	CN¥0	CN¥433M	CN¥0	CN¥0	CN¥0	CN¥583M	CN¥0	CN¥843M	CN¥0	CN¥0	CN¥0	CN¥0
Shareholders' equity	CN¥15.7B	CN¥25.5B	CN¥20.6B	CN¥16.1B	CN¥11.3B	CN¥5.97B	-CN¥366M	-CN¥1.21B	CN¥3.67B	CN¥4.16B	CN¥4.34B	CN¥4.07B
Debt
Total debt (incl. leases)	CN¥32.2B	CN¥50.4B	CN¥32.7B	CN¥33.1B	CN¥33.9B	CN¥33.8B	CN¥30.4B	CN¥31B	CN¥27.6B	CN¥26.2B	CN¥26.6B	CN¥29B
Net debt (debt - cash)	CN¥8.15B	CN¥17.4B	CN¥8.92B	CN¥8.47B	CN¥10.1B	CN¥14.5B	CN¥22.3B	CN¥23.9B	CN¥18.4B	CN¥210M	CN¥17.7B	-CN¥1.97B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥581M	CN¥7.51B	CN¥3.13B	CN¥863M	CN¥38.4B	CN¥15.3B	CN¥19.9B	CN¥32.9B	CN¥19.3B	CN¥26B
Short-term investments	CN¥8.53M	CN¥0	CN¥5.15B	CN¥111M	CN¥3.95B	CN¥37.1B	CN¥19.2B	CN¥16.8B	CN¥2.77B	CN¥19.8B
Receivables	CN¥183M	CN¥493M	CN¥757M	CN¥1.35B	CN¥1.24B	CN¥2.8B	CN¥5.12B	CN¥4.66B	CN¥1.68B	CN¥17.5B
Inventory	CN¥0	CN¥89.5M	CN¥1.47B	CN¥890M	CN¥1.08B	CN¥2.06B	CN¥8.19B	CN¥5.28B	CN¥7.09B	CN¥8.54B
Other current assets	CN¥0	CN¥23.2M	CN¥1.3B	CN¥1.55B	CN¥1.38B	CN¥6.14B	CN¥5.89B	CN¥9.88B	CN¥29.9B	CN¥4.86B
Current assets	CN¥875M	CN¥8.31B	CN¥12.2B	CN¥4.93B	CN¥46.2B	CN¥63.6B	CN¥59.1B	CN¥70.4B	CN¥61.9B	CN¥76.7B
Property, plant & equipment (net)	CN¥850M	CN¥1.96B	CN¥4.85B	CN¥7.53B	CN¥6.35B	CN¥10.4B	CN¥23B	CN¥37.5B	CN¥40B	CN¥37.6B
Long-term investments	CN¥0	CN¥47.1M	CN¥148M	CN¥115M	CN¥300M	CN¥3.06B	CN¥6.36B	CN¥5.49B	CN¥3.13B	CN¥2.57B
Intangible assets	CN¥6.35M	CN¥4.46M	CN¥217M	CN¥210M	CN¥205M	CN¥199M	CN¥213M	CN¥237M	CN¥232M	CN¥29.7M
Deferred tax assets	CN¥0	CN¥130M	CN¥7.97M	CN¥0	CN¥617K	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥39.5M	CN¥14.4M	CN¥1.45B	CN¥1.8B	CN¥1.58B	CN¥5.6B	CN¥7.51B	CN¥3.8B	CN¥2.36B	CN¥7.64B
Non-current assets	CN¥895M	CN¥2.16B	CN¥6.67B	CN¥9.65B	CN¥8.44B	CN¥19.2B	CN¥37.1B	CN¥47B	CN¥45.7B	CN¥47.8B
Total assets	CN¥1.77B	CN¥10.5B	CN¥18.8B	CN¥14.6B	CN¥54.6B	CN¥82.9B	CN¥96.3B	CN¥117B	CN¥108B	CN¥124B
Liabilities
Accounts payable	CN¥0	CN¥234M	CN¥2.87B	CN¥3.11B	CN¥6.37B	CN¥12.6B	CN¥12.7B	CN¥29.8B	CN¥34.4B	CN¥53.3B
Accrued expenses	CN¥126M	CN¥223M	CN¥311M	CN¥352M	CN¥372M	CN¥539M	CN¥1.68B	CN¥1.08B	CN¥842M	CN¥0
Short-term debt	CN¥19.6M	CN¥83.8M	CN¥2.07B	CN¥1.21B	CN¥1.93B	CN¥7.3B	CN¥5.28B	CN¥9.82B	CN¥9.13B	CN¥7.52B
Taxes payable	CN¥20.4M	CN¥30.1M	CN¥51.3M	CN¥44M	CN¥182M	CN¥628M	CN¥286M	CN¥349M	CN¥400M	CN¥0
Deferred revenue	CN¥0	CN¥68.4M	CN¥342M	CN¥486M	CN¥1B	CN¥1.38B	CN¥2.11B	CN¥2.86B	CN¥4.07B	CN¥0
Other current liabilities	CN¥0	CN¥0	CN¥134M	CN¥205M	CN¥358M	CN¥551M	CN¥13.2B	CN¥709M	CN¥653M	CN¥17.3B
Current liabilities	CN¥727M	CN¥1.62B	CN¥8.59B	CN¥9.5B	CN¥14B	CN¥29.2B	CN¥45.9B	CN¥57.8B	CN¥62.3B	CN¥78.6B
Long-term debt	CN¥37.5M	CN¥642M	CN¥1.17B	CN¥7.15B	CN¥5.94B	CN¥9.74B	CN¥10.9B	CN¥13B	CN¥11.4B	CN¥8.63B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥1.69B	CN¥1.07B	CN¥2.35B	CN¥6.53B	CN¥10.1B	CN¥11.3B	CN¥10.1B
Deferred revenue (non-current)	CN¥19.6M	CN¥30.4M	CN¥545M	CN¥637M	CN¥1B	CN¥1.76B	CN¥2.6B	CN¥3.38B	CN¥3.44B	CN¥0
Deferred tax liabilities	CN¥4.9B	CN¥0	CN¥784M	CN¥819M	CN¥3.69B	CN¥25.2M	CN¥218M	CN¥212M	CN¥127M	CN¥113M
Other non-current liabilities	CN¥478K	CN¥19.8B	CN¥931M	CN¥1.06B	CN¥1.79B	CN¥5.02B	CN¥2.53B	CN¥3.27B	CN¥5.49B	CN¥14.3B
Non-current liabilities	CN¥4.96B	CN¥20.4B	CN¥3.43B	CN¥11.4B	CN¥13.5B	CN¥18.9B	CN¥22.8B	CN¥30B	CN¥31.8B	CN¥33.1B
Total liabilities	CN¥5.69B	CN¥22.1B	CN¥12B	CN¥20.9B	CN¥27.5B	CN¥48.1B	CN¥68.6B	CN¥87.8B	CN¥94.1B	CN¥112B
Equity
Common stock & paid-in capital	CN¥52K	CN¥60K	CN¥1.81M	CN¥1.83M	CN¥2.68M	CN¥2.89M	CN¥2.92M	CN¥3.62M	CN¥3.66M	CN¥0
Retained earnings	-CN¥4.08B	-CN¥11.7B	-CN¥35B	-CN¥46.3B	-CN¥51.6B	-CN¥55.6B	-CN¥69.9B	-CN¥90.8B	-CN¥113B	CN¥0
Accumulated other comprehensive income	CN¥110M	-CN¥13.9M	-CN¥34.7M	-CN¥203M	-CN¥65.5M	-CN¥276M	CN¥1.04B	CN¥433M	CN¥583M	CN¥0
Shareholders' equity	-CN¥3.9B	-CN¥11.6B	CN¥6.84B	-CN¥6.3B	CN¥27.2B	CN¥34.7B	CN¥23.9B	CN¥25.5B	CN¥5.97B	CN¥4.16B
Debt
Total debt (incl. leases)	CN¥57.1M	CN¥726M	CN¥3.24B	CN¥10.7B	CN¥9.52B	CN¥20.1B	CN¥23.7B	CN¥34.7B	CN¥33.8B	CN¥26.2B
Net debt (debt - cash)	-CN¥524M	-CN¥6.78B	CN¥103M	CN¥9.71B	-CN¥28.9B	CN¥4.77B	CN¥3.82B	CN¥1.79B	CN¥14.5B	CN¥210M

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in USD.