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NIU

Niu Technologies

NIU

Niu Technologies • NASDAQ
$3.47 ▼ -4.14% (-0.15)
Market Cap $277.27 M
52w High $5.67
52w Low $1.66
Dividend Yield 0%
P/E -69.4
Volume 305.28K
Outstanding Shares 79.91M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.694B ▲ $296.376M ▲ $81.687M ▲ 4.822% ▲ $1.02 ▲ $82.854M ▲
Q2-2025 $1.256B ▲ $264.943M ▲ $5.88M ▲ 0.468% ▲ $0.074 ▲ $-5.111M ▲
Q1-2025 $681.988M ▼ $164.663M ▼ $-38.845M ▲ -5.696% ▲ $-0.48 ▲ $-39.681M ▲
Q4-2024 $819.18M ▼ $192.653M ▼ $-72.538M ▼ -8.855% ▼ $-0.9 ▼ $-80.738M ▼
Q3-2024 $1.024B $200.038M $-40.946M -3.999% $-0.52 $-47.996M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.583B ▲ $3.394B ▲ $2.406B ▲ $988.719M ▲
Q2-2025 $1.227B ▲ $3.094B ▲ $2.19B ▲ $903.64M ▲
Q1-2025 $747.226M ▼ $2.508B ▼ $1.611B ▼ $896.975M ▼
Q4-2024 $904.373M ▼ $2.613B ▼ $1.682B ▼ $931.282M ▼
Q3-2024 $1.045B $2.827B $1.839B $987.683M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $81.687M ▲ $0 $0 $0 $0 $0
Q2-2025 $5.88M ▲ $0 $0 $0 $0 $0
Q1-2025 $-38.845M ▲ $0 $0 $0 $0 $0
Q4-2024 $-72.538M ▼ $0 $0 $0 $0 $0
Q3-2024 $-40.946M $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement NIU’s revenue has been volatile: it grew strongly coming out of 2020, dipped in the middle years, and then recovered more recently. The bigger story, though, is profitability. Gross profit has thinned and operating margins have moved from healthy profits earlier in the period to consistent losses in the last three years. Net results and earnings per share have followed the same pattern, with the business currently loss‑making despite the sales rebound. This suggests a combination of tougher pricing, higher costs, and heavy investment weighing on the bottom line.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative. Total assets have grown over time, and the company keeps a meaningful cash cushion, although cash has slipped from its recent peak. Debt levels are modest compared with the size of the business, so leverage does not appear severe. However, shareholders’ equity has been edging down as losses accumulate, signaling that continued unprofitable years would gradually erode the financial buffer even if the company is not under immediate balance sheet stress.

Cash Flow

Cash Flow Cash generation has been mixed but not disastrous. The core business has delivered positive operating cash flow in most years, with one standout weak year where cash use was heavy. Free cash flow has hovered around breakeven, occasionally positive and recently slightly negative as capital spending picked back up. That pattern points to a company that can largely fund its investments from its own operations, but with limited spare cash and sensitivity to any prolonged downturn in demand or margins.

Competitive Edge

Competitive Edge NIU occupies a differentiated niche in electric two‑wheelers, built around smart, connected scooters and a lifestyle brand aimed at urban riders. Its large franchised store footprint in China, growing international distribution, and strong design reputation give it real visibility with consumers. The connected app, data platform, and service ecosystem add stickiness beyond just selling vehicles. At the same time, the company operates in a highly competitive, price‑sensitive market with many rivals in China and abroad, which helps explain the recent margin pressure despite its apparent brand and technology strengths.

Innovation and R&D

Innovation and R&D Innovation is clearly a core identity for NIU. The company emphasizes high‑quality lithium batteries, connected hardware, and a feature‑rich app that ties hardware and software together. Its battery‑swap concept, fleet solutions, and over‑the‑air software updates show a push toward a recurring, service‑oriented model. NIU is also stretching into new categories such as electric motorcycles, off‑road bikes, kick‑scooters, and even a compact micro‑car. This broad R&D agenda could deepen its moat and open new markets, but it also increases execution risk and keeps research and development spending high, which is visible in the current earnings pressure.

Summary

Overall, NIU looks like an innovative urban mobility company in a transition phase. Strategically, it has attractive elements: a recognizable brand, strong design, connected technology, and a widening product and service ecosystem. Financially, however, it is dealing with thinner margins and recurring losses even as revenue recovers, and equity is slowly being diluted by those losses. The balance sheet and cash flows are still reasonably solid, but not abundant, which makes the path back to sustained profitability, tighter cost control, and successful international and product expansion the key variables to watch going forward.

NEWS

October 20, 2025 · 4:00 AM UTC

Niu Technologies to Report Third Quarter 2025 Financial Results on November 17, 2025

Read more

October 6, 2025 · 4:00 AM UTC

Niu Technologies Provides Third Quarter 2025 Sales Volume Update

Read more