Niu Technologies
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $616.0M | $450.5M | $373.5M | $459.4M | $581.3M | $374.6M | $298.2M | $214.9M |
| Cost of Revenue | $495.4M | $382.2M | $293.1M | $362.3M | $453.8M | $288.9M | $228.4M | $186.0M |
| Gross Profit | $120.6M | $68.3M | $80.4M | $97.1M | $127.5M | $85.7M | $69.9M | $28.9M |
| Gross Margin | 19.6% | 15.2% | 21.5% | 21.1% | 21.9% | 22.9% | 23.4% | 13.4% |
| Operating Expenses | ||||||||
| Research & Development | $23.8M | $17.8M | $21.3M | $25.6M | $21.2M | $16.1M | $9.7M | $13.4M |
| SG&A Expense | $13.0M | $17.9M | $34.4M | $23.0M | $22.3M | $16.1M | $11.4M | $39.9M |
| Operating Income | $-12.6M | $-34.3M | $-44.7M | $-12.9M | $39.6M | $26.2M | $26.8M | $-46.2M |
| Operating Margin | -2.0% | -7.6% | -12.0% | -2.8% | 6.8% | 7.0% | 9.0% | -21.5% |
| Interest Expense | — | — | $200.6K | $828.7K | $967.9K | $1.1M | $1.6M | $1.1M |
| Pretax Income | $-8.9M | $-29.7M | $-39.7M | $-10.3M | $42.8M | $29.1M | $28.5M | $-50.8M |
| Income Tax Expense | $-3.3M | $-3.2M | $-1.4M | $-3.2M | $7.4M | $3.2M | $1.2M | — |
| Net Income | $-5.6M | $-26.5M | $-38.3M | $-7.2M | $35.4M | $25.8M | $27.3M | $-50.8M |
| Net Margin | -0.9% | -5.9% | -10.3% | -1.6% | 6.1% | 6.9% | 9.2% | -23.6% |
| EPS (Basic) | $-0.04 | $-0.17 | $-0.24 | $-0.05 | $0.23 | $0.17 | $0.18 | $-0.39 |
| EPS (Diluted) | $-0.04 | $-0.17 | $-0.24 | $-0.05 | $0.22 | $0.16 | $0.18 | $-0.39 |
| Shares Outstanding (Basic) | 159.7M | 158.5M | 156.8M | 155.2M | 153.7M | 150.9M | 149.0M | 131.7M |
| Shares Outstanding (Diluted) | 159.7M | 158.5M | 156.8M | 155.2M | 160.5M | 157.8M | 153.2M | 131.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |