NIO releases Q4 2025 profit forecast: Adjusted operating profit turns positive for the first time

Tech Sina News, February 5 — NIO Group (9866.HK/NIO.US) today released its Q4 2025 earnings forecast, announcing a major financial milestone in the company’s development. According to preliminary estimates, NIO expects to record an adjusted operating profit (non-GAAP) of 700 million to 1.2 billion RMB in Q4 2025. Notably, this is the first time since its founding that NIO has achieved positive adjusted operating profit in a single quarter. In the same period of 2024, the company reported a loss of 5.5436 billion RMB.

Under Generally Accepted Accounting Principles (GAAP), NIO’s performance also exceeded market expectations. The forecast indicates that operating profit for the quarter is expected to be between 200 million and 700 million RMB. This profitability turnaround is mainly attributed to the continuous increase in delivery volumes in the terminal market and ongoing product portfolio optimization under the multi-brand strategy. Through a more competitive vehicle lineup, NIO has effectively improved its vehicle gross margin and strengthened its self-sustaining profitability.

In addition to business growth, NIO’s comprehensive cost reduction and efficiency enhancement measures implemented internally also delivered significant benefits in Q4. By strictly controlling operating costs and improving organizational efficiency, the company successfully offset the high investment pressures in R&D and infrastructure. Currently, NIO is building a business footprint covering all market segments through its high-end brand NIO, the family-oriented brand Leado, and the small vehicle-focused brand Firefly.

Although the data released this time is still based on preliminary management accounts and has not been audited, the signal of “first-time turning positive” undoubtedly provides a boost to the smart electric vehicle sector. As of now, NIO is in the final stages of preparing its full-year 2025 financial report. For long-term investors, NIO’s demonstrated financial recovery capability by the end of 2025 marks its smooth transition from a high-investment mode to a mature phase with self-sustaining profitability.