Niu Technologies
NIU Nasdaq· Motor Vehicles & Passenger Car Bodies
Last close · Oct 27, 2026
$1.90
KIRA · Stoqly’s AI analyst, in plain words
- Niu Technologies had $599M of revenue in fiscal 2025, up 31.2% on the year before. Over five years, revenue changed +11.1% a year on average.
- Its operating margin was −2.0%, up 5.6 pts: of every 100 in sales, about −2 is left after running the business.
- Niu Technologies lost $5.5M in fiscal 2025.
- Free cash flow was $24.4M in fiscal 2025, 4.1% of revenue.
- Niu Technologies has $107M more cash than debt.
Market cap
$152M
P/E
—
Revenue
$599M
Net income
−$5.5M
Free cash flow
$24.4M
Operating margin
−2.0%
Niu Technologies in 30 seconds · fiscal 2025
Are sales growing?
+31.2%
Yes. Sales grew 31.2% last year.
Does it make a profit?
−0.9%
No. It lost money last year.
Does profit turn into cash?
4.1%
Partly. 4.1% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Niu Technologies does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 17, 2026
- Legal name
- Niu Technologies
- CIK
- 0001744781
Niu Technologies · NIU
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $574M | $471M | $374M | $457M | $599M |
| Revenue growth | 62.2% | −18.1% | −20.4% | 22.0% | 31.2% |
| Gross margin | 21.9% | 21.1% | 21.5% | 15.2% | 19.6% |
| Operating margin | 6.8% | −2.8% | −12.0% | −7.6% | −2.0% |
| Net income | $35.0M | −$7.3M | −$38.4M | −$26.8M | −$5.5M |
| Net margin | 6.1% | −1.6% | −10.3% | −5.9% | −0.9% |
| Diluted EPS | $0.44 | −$0.10 | −$0.49 | −$0.34 | −$0.07 |
| Cash | |||||
| Cash from operations | $51.8M | −$18.1M | $13.2M | $7.3M | $49.1M |
| Capital expenditure | $44.3M | $20.1M | $11.1M | $16.6M | $24.7M |
| Free cash flow | $7.5M | −$38.2M | $2.1M | −$9.4M | $24.4M |
| FCF margin | 1.3% | −8.1% | 0.6% | −2.1% | 4.1% |
| Share count change | 1.7% | −3.3% | 1.1% | 1.0% | 0.8% |
| Debt and strength | |||||
| Cash and short-term investments | $155M | $101M | $123M | $86.3M | $141M |
| Debt incl. finance leases | $28.3M | $23.2M | — | $27.4M | $34.3M |
| Shareholders' equity | $199M | $190M | $154M | $128M | $129M |
| Net debt / EBITDA | −2.3x | −9.8x | — | — | −33.8x |
| Current ratio | 1.7x | 1.7x | 1.6x | 1.3x | 1.2x |
| Interest coverage | 40.9x | −15.6x | −223.0x | −44.6x | −14.4x |
| Returns and quality | |||||
| Return on capital | 44.5% | −9.3% | — | −40.1% | −43.1% |
| Return on equity | 19.9% | −3.8% | −22.3% | −19.1% | −4.3% |
| Return on tangible equity | 17.6% | −3.9% | −25.0% | −21.1% | −4.2% |
| Piotroski F-score | 6 | 3 | 3 | 4 | 5 |
| Altman Z'' | 3.2 | 2.2 | 0.9 | −0.1 | −0.1 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.1M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Niu Technologies · NIU
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $1.90 a share, the company is worth $152M.
Source: SEC EDGAR XBRL filings (CIK 0001744781). Data updated October 24, 2026. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.