NIO Inc. (NYSE:NIO) is a Chinese company that designs and manufactures smart electric vehicles (EVs). It operates in a highly competitive market against other EV makers. The company markets vehicles under three distinct brands: NIO, ONVO, and Firefly, targeting different segments of the EV market in China and beyond.
On May 21, 2026, NIO announced its quarterly financial results. The company reported an earnings per share (EPS) of -$0.03. This figure was better than the analyst consensus estimate of -$0.08, indicating the company's loss was smaller than what financial experts had predicted for the period.
The company also posted revenue of approximately $3.70 billion, which narrowly beat the estimated $3.69 billion. As reported by GlobeNewswire, total revenues reached RMB25.53 billion (US$3.70 billion). Vehicle sales were a major contributor, accounting for RMB22.78 billion (US$3.30 billion) of the total revenue for the quarter.
This revenue performance is supported by a significant increase in vehicle deliveries. NIO delivered 83,465 smart EVs in the first quarter, a 98.3% rise from the same period a year earlier. These deliveries included 58,543 NIO brand vehicles, 13,339 ONVO vehicles, and 11,583 Firefly vehicles.
Despite strong sales, NIO has a negative price-to-earnings (P/E) ratio of -6.05, which shows it is not currently profitable. The company's debt-to-equity ratio is 6.31, meaning it uses more debt than equity to finance its operations. This is a key metric for understanding a company's financial leverage.
