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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 18.7B | 7% |
| Gross Profit | 2.01B | 18.9% |
| Cost of Revenue | 16.7B | 5.8% |
| Operating expense | 7.25B | 68% |
| Net Income | -5.14B | 0.3% |
| EBITDA | -4.82B | 0% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 104B | 3.5% |
| Total Liabilities | 87.9B | 10.2% |
| Total Equity | 11.3B | 29.4% |
| Shares Outstanding | 2.06B | 1.7% |
Cash Flow (NONE)
| Q3 '24 | QoQ |
|---|
Financial Highlights for Nio in Q3 '24
Nio reported a revenue of 18.7B, which is a 7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.01B, marking a 18.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 16.7B, a 5.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 7.25B, showing a -68% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -5.14B, showing a -0.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -4.82B, showing a 0% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Nio faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
