NIO Inc. logo NIO - NIO Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 12
HOLD 10
SELL 2
STRONG
SELL
0
| PRICE TARGET: $6.54 DETAILS
HIGH: $7.00
LOW: $6.00
MEDIAN: $6.80
CONSENSUS: $6.54
UPSIDE: 25.77%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1
Revenue
Revenue 25,532.7 34,172.0 21,793.9 19,008.7 12,034.7 19,703.4 18,673.5 17,446.0 9,908.6 17,103.2 19,066.6 8,771.7 10,676.5 16,063.5 13,002.1 10,292.4 9,910.6 9,900.7 9,805.3 8,448.0 7,982.3 6,641.1 4,526.0 3,718.9 1,372.0 2,848.3 1,836.8 1,508.6 1,631.2 3,435.6 1,469.6 46.0 0 0 0 0 0
Cost of Revenue 20,673.5 28,181.8 18,769.3 17,111.1 11,115.2 17,394.5 16,666.2 15,757.3 9,420.9 15,823.9 17,543.2 8,684.8 10,514.2 15,441.8 11,267.0 8,952.1 8,463.7 8,201.2 7,812.1 6,874.1 6,427.5 5,499.1 3,940.1 3,405.8 1,539.4 3,102.1 2,058.4 2,012.8 1,850.5 3,422.0 1,585.9 199.2 0 0 0 0 0
Gross Profit 4,859.1 5,990.2 3,024.6 1,897.5 919.6 2,308.9 2,007.4 1,688.7 487.7 1,279.2 1,523.3 87.0 162.3 621.8 1,735.1 1,340.3 1,446.8 1,699.5 1,993.2 1,573.9 1,554.8 1,141.9 585.8 313.1 (167.5) (253.8) (221.6) (504.2) (219.3) 13.6 (116.3) (153.2) 0 0 0 0 0
Operating Expenses
R&D Expenses 1,885.0 1,998.0 2,390.6 3,007.0 3,181.4 3,635.8 3,318.7 3,218.5 2,864.2 3,972.1 3,039.1 3,344.6 3,075.6 3,980.6 2,944.5 2,149.5 1,761.7 1,828.5 1,193.1 883.7 686.5 829.4 590.8 545.2 522.4 1,026.4 1,023.2 1,300.5 1,078.4 1,515.2 1,023.4 765.2 694.1 824.4 747.2 521.9 509.3
SG&A Expenses 3,497.3 3,488.6 4,184.7 3,477.9 4,400.8 3,589.2 4,108.8 3,757.5 2,996.8 3,307.7 3,609.3 2,856.6 2,445.9 2,709.2 2,712.5 2,282.5 2,014.8 2,358.2 1,824.9 1,497.8 1,197.2 1,206.8 940.3 936.8 848.3 1,546.0 1,164.4 1,421.4 1,319.9 1,945.4 1,670.1 956.6 769.7 716.8 540.6 523.5 445.7
Other Expenses (214.4) 0.0 (29.2) 321.4 (244.5) 1,116.8 (182.4) (78.0) 20.8 624.7 (281.2) (40.1) (247.4) 668.1 (51.6) (246.1) (141.0) (42.1) (32.9) (44.2) (33.1) 37.1 0.7 (8.8) 32.1 0 0 0 0 0 0 0 0 128.9 0 (1,104.4) (54.4)
Operating Expenses 5,167.9 5,486.6 6,546.1 6,806.4 7,337.7 8,341.9 7,245.1 6,898.0 5,881.8 7,904.5 6,367.2 6,161.1 5,274.1 7,357.9 5,605.4 4,185.9 3,635.5 4,144.7 2,985.1 2,337.2 1,850.7 2,073.3 1,531.8 1,473.1 1,402.8 2,572.4 2,187.6 2,721.9 2,398.4 3,460.6 2,693.5 1,721.8 1,463.9 1,670.1 1,287.9 (58.9) 900.6
Operating Income
Operating Income (308.8) 503.7 (3,521.5) (4,908.9) (6,418.1) (6,032.9) (5,237.8) (5,209.3) (5,394.1) (6,625.3) (4,843.9) (6,074.1) (5,111.8) (6,736.1) (3,870.3) (2,845.6) (2,188.7) (2,445.1) (991.9) (763.3) (295.9) (931.4) (946.0) (1,160.0) (1,570.3) (2,826.2) (2,409.2) (3,226.1) (2,617.7) (3,446.9) (2,809.9) (1,875.0) (1,463.9) (1,670.1) (1,287.9) (1,043.0) (952.6)
Interest Expense 214.4 202.3 222.5 212.7 244.9 247.6 203.8 176.1 170.9 163.9 88.5 82.4 68.7 90.6 100.6 64.7 77.3 75.9 77.2 60.5 423.8 93.8 108.8 112.9 110.5 102.3 103.2 96.9 68.1 76.4 27.6 14.4 5.2 3.1 2.3 0 0
Interest Income 115.9 124.8 354.4 107.5 173.2 (169.9) 310.1 362.7 350.8 1,368.1 288.0 247.2 306.8 352.0 313.2 292.9 400.7 359.1 240.1 193.0 119.6 77.0 51.7 20.6 17.6 22.4 28.7 46.5 62.7 62.0 21.8 21.1 28.4 9.4 4.8 2.7 2.0
Profitability
EBITDA (105.6) 503.7 (3,200.9) (4,739.1) (6,500.5) (6,934.0) (4,817.7) (4,867.8) (5,006.7) (4,971.0) (4,466.6) (5,954.6) (4,663.2) (5,678.7) (4,000.6) (2,694.6) (1,674.9) (1,267.0) (754.9) (524.8) (23.3) (861.6) (937.0) (1,061.7) (1,579.8) (2,237.6) (2,417.9) (3,185.2) (2,554.2) (3,221.0) (2,641.6) (1,777.6) (1,523.9) (1,636.2) (1,254.1) (1,005.8) (923.3)
EBIT (105.6) 503.7 (3,200.9) (4,739.1) (6,500.5) (6,934.0) (4,817.7) (4,867.8) (5,006.7) (4,971.0) (4,466.6) (5,954.6) (4,663.2) (5,678.7) (4,000.6) (2,694.6) (1,674.9) (2,034.2) (754.9) (524.8) (23.3) (1,293.1) (937.0) (1,061.7) (1,579.8) (2,760.0) (2,417.9) (3,185.2) (2,554.2) (3,410.3) (2,781.5) (1,777.6) (1,523.9) (1,694.6) (1,297.1) (1,043.0) (952.6)
Income Before Tax (320.0) 295.9 (3,423.5) (4,951.9) (6,745.4) (7,181.6) (5,021.4) (5,044.0) (5,177.6) (5,134.9) (4,555.1) (6,037.1) (4,731.9) (5,769.3) (4,101.2) (2,759.3) (1,752.2) (2,110.2) (832.1) (585.4) (447.1) (1,387.0) (1,045.8) (1,174.6) (1,690.3) (2,862.3) (2,521.1) (3,282.1) (2,622.3) (3,486.7) (2,809.1) (1,792.0) (1,529.1) (1,697.7) (1,299.4) (2,540.6) (3,490.2)
Income Tax Expense 12.1 17.0 57.0 42.9 4.6 (70.1) 38.3 2.0 7.0 232.9 1.6 18.7 7.7 16.8 9.6 (1.8) 30.5 33.2 3.2 1.8 4.0 1.7 1.2 2.0 1.5 2.3 0.5 3.7 1.3 16.3 1.4 2.5 1.9 2.3 1.3 2.1 2.2
Net Income (496.0) 280.1 (3,660.8) (5,141.3) (6,891.1) (7,131.8) (5,141.6) (5,126.4) (5,257.9) (5,592.8) (4,628.6) (6,121.9) (4,803.6) (5,847.1) (4,142.3) (2,745.0) (1,825.0) (2,179.2) (2,858.8) (659.3) (4,875.0) (1,386.4) (1,187.9) (1,207.8) (1,691.3) (2,893.8) (2,553.6) (3,313.7) (2,652.0) (3,516.5) (2,833.8) (1,787.5) (1,522.8) (1,697.9) (1,295.6) (1,087.1) (2,043.5)
Per Share Data
EPS (Basic) -0.20 0.05 -1.51 -2.31 -3.29 -3.47 -2.50 -2.50 -2.57 -3.18 -2.67 -3.70 -2.91 -3.55 -2.53 -1.68 -1.12 -1.36 -1.82 -0.42 -3.14 -1.05 -0.98 -1.15 -1.66 -2.81 -2.49 -3.23 -2.56 -3.37 -4.42 -3.96 -3.64 -0.40 -0.24 -0.15 -0.28
EPS (Diluted) -0.20 0.05 -1.51 -2.31 -3.29 -3.47 -2.50 -2.50 -2.57 -3.18 -2.67 -3.70 -2.91 -3.55 -2.53 -1.68 -1.12 -1.36 -1.82 -0.42 -3.14 -1.05 -0.98 -1.15 -1.66 -2.81 -2.48 -3.23 -2.56 -3.37 -4.42 -3.96 -3.64 -0.40 -0.24 -0.15 -0.28
Shares Outstanding 2,481.2 2,510.9 2,428.6 2,230.0 2,093.9 2,055.2 2,055.2 2,049.8 2,044.2 1,761.3 1,735.7 1,652.9 1,649.3 1,647.4 1,640.0 1,632.8 1,624.8 1,607.2 1,567.8 1,563.9 1,551.9 1,421.3 1,210.6 1,054.6 1,037.5 1,029.9 1,026.5 1,026.5 1,034.6 1,044.8 1,050.0 1,050.0 1,050.0 1,050.0 1,050.0 1,050.0 1,050.0
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q1
Current Assets
Cash & Cash Equivalents 8,827.5 26,036.6 9,270.8 7,111.5 8,075.5 19,328.9 23,791.9 24,652.5 23,822.0 32,935.1 24,084.6 13,724.0 14,763.4 19,887.6 18,080.7 24,513.7 15,900.1 15,333.7 21,594.9 17,394.4 28,600.7 38,425.5 19,327.7 10,494.5 1,977.3 862.8 981.0 2,352.3 4,956.1 3,133.8 6,743.5 4,423.2 5,523.0 7,506.0 (589.8)
Short-Term Investments 22,938.2 19,768.4 14,835.3 10,689.4 11,647.0 2,765.3 13,358.5 11,616.2 14,604.0 16,810.1 14,869.6 14,127.6 17,842.5 19,171.0 26,729.1 26,091.2 33,507.4 37,057.6 21,706.4 29,457.9 18,628.5 3,950.7 2,718.3 231.6 394.3 111 802 1,020 2,495 5,154.7 2,377.4 13.1 15.7 0 1,179.7
Net Receivables 17,535.5 17,483.8 14,552.5 15,707.0 10,577.2 1,676.2 7,026.3 5,635.5 3,382.7 4,657.7 5,372.4 5,664.8 5,464.5 5,118.2 6,138.3 4,701.1 5,202.1 2,797.8 4,276.3 2,816.7 1,678.3 1,242.7 1,520.2 1,440.7 1,294.0 2,820.0 1,269.8 1,253.0 1,021.4 756.5 248.9 18.4 670 493.4 0
Inventory 8,579.7 8,536.3 7,477.7 8,243.3 8,696.1 7,087.2 6,818.6 4,885.7 6,209.7 5,277.7 7,063.3 8,493.4 6,376.3 8,191.4 6,671.6 3,360.6 2,676.5 2,056.4 1,703.0 2,186.9 1,749.8 1,081.6 1,039.1 1,024.0 955.1 889.5 1,815.3 1,390.7 1,140.9 1,465.2 1,361.4 721.9 165.7 89.5 0
Other Current Assets 21,459.3 4,856.7 16,923.0 9,260.3 10,794.6 29,896.8 9,061.1 8,722.0 10,990.5 9,883.9 9,279.2 5,932.1 7,204.3 5,890.5 3,493.3 3,790.1 3,931.3 6,144.0 4,780.8 1,472.1 318.9 1,376.6 1,591.0 428.6 (7.9) 82.5 230.6 136.6 171.3 1,302.6 971.7 826.6 887.2 23.2 0
Total Current Assets 79,340.3 76,681.8 63,059.3 52,508.0 49,790.4 61,886.0 60,056.4 55,511.9 59,008.9 70,380.2 60,669.1 47,941.9 51,651.0 59,149.8 63,057.8 64,801.1 64,308.5 63,641.3 54,315.4 54,683.0 52,122.3 46,206.8 26,325.1 15,088.9 6,369.1 4,928.0 7,010.7 7,995.5 11,459.7 12,169.6 12,304.4 6,472.0 6,591.5 8,310.0 589.8
Non-Current Assets
Property, Plant & Equipment 36,734.4 37,563.2 38,809.8 42,760.3 40,153.1 40,000.5 36,508.1 36,081.5 35,933.6 37,480.4 30,367.7 27,888.4 25,024.0 23,033.1 20,282.5 17,672.0 11,909.7 10,387.9 8,616.0 6,563.2 6,186.5 6,346.5 6,636.3 6,679.1 7,052.1 7,530.7 7,517.1 7,912.1 7,432.2 4,853.2 4,007.6 3,350.3 2,563.4 1,961.9 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 225.0 29.7 227.7 229.0 230.3 231.6 233.0 234.3 235.6 236.9 238.3 239.6 240.9 212.6 213.9 215.3 197.9 199.1 200.3 201.7 203.2 204.6 206.0 207.5 208.9 210.3 212.7 214.1 215.5 217.1 224.0 225.4 3.9 4.5 0
Long-Term Investments 2,450.2 2,570.5 2,148.4 2,710.7 2,878.6 3,126.0 3,731.7 5,376.0 5,454.7 5,487.2 5,532.4 5,274.0 5,443.6 6,356.4 5,982.7 4,418.2 4,050.2 3,059.4 1,308.0 400.0 403.4 300.1 340.8 155.2 111.3 115.3 149.0 178.1 154.4 148.3 139.1 49.1 46.3 47.1 0
Other Non-Current Assets 7,445.1 7,635.1 7,798.9 1,837.8 5,111.3 2,360.4 3,459.8 3,312.2 3,553.3 159.7 5,658.7 6,035.0 6,967.8 7,512.0 7,340.3 6,797.0 6,728.0 5,595.9 10.0 3,671.9 2,203.6 1,583.3 82.1 1,020.0 1,595.7 1,797.6 1,947.0 1,895.1 1,774.8 1,446.4 37.9 36.5 222.6 14.4 (589.8)
Total Non-Current Assets 46,854.8 47,798.5 48,984.7 47,537.9 48,373.3 45,718.6 43,932.6 45,003.9 45,177.2 47,003.0 41,797.1 39,437.1 37,676.3 37,114.2 33,819.4 29,102.5 22,885.8 19,242.3 14,695.4 10,836.7 8,996.6 8,435.1 8,068 8,061.8 8,968.1 9,654.0 9,833.8 10,207.4 9,584.9 6,672.9 4,714.9 3,804.1 2,836.2 2,158.0 (589.8)
Total Assets 126,195.0 124,480.3 112,044.1 100,045.8 98,163.7 107,604.6 103,989.0 100,515.8 104,186.0 117,383.2 102,466.3 87,378.9 89,327.4 96,263.9 96,877.2 93,903.5 87,194.3 82,883.6 69,010.9 65,519.7 61,118.9 54,641.9 34,393.1 23,150.7 15,337.2 14,582.0 16,844.5 18,202.9 21,044.6 18,842.6 17,019.3 10,276.1 9,427.7 10,468.0 0
Current Liabilities
Account Payables 53,969.7 53,343.7 39,547.7 34,951.4 31,386.0 34,387.3 30,197.0 24,585.4 24,164.7 14,111.9 28,117.9 19,207.1 18,873.7 12,709.3 20,367.4 16,232.6 14,843.8 12,639.0 10,798.3 10,573.9 8,750.2 6,368.3 4,932.0 3,917.5 3,132.3 3,111.7 3,188.8 2,059.7 1,862.2 2,870.0 1,786.7 708.3 237.0 234.0 0
Short-Term Debt 6,285.4 7,516.4 5,916.3 6,231.0 7,297.2 9,127.2 10,240.2 9,513.3 9,613.2 25,475.8 10,064.8 12,058.9 7,702.3 5,277.1 6,807.5 8,177.6 7,613.5 7,298.0 6,872.8 5,694.1 3,461.6 1,930.6 1,397.0 4,375.7 4,301.8 1,208.1 1,803.9 1,769.3 2,630.6 2,068.9 599.5 564.2 69.4 83.8 0
Deferred Revenue 0 0 0 4,024.0 0 4,074.9 0 0 0 2,856.0 0 2,758.6 0 2,107.6 0 0 0 1,384.6 1,127.0 0 47.5 1,004.3 752.0 0 27.0 486.3 35.8 40.0 0 342.0 353.6 0 0 68.4 0
Other Current Liabilities 0 17,333.0 0 682.5 0 652.6 0 0 0 709.3 0 672.4 0 13,184.2 0 0 0 550.7 510.5 0 (47.5) 358.1 298.0 0 (27.0) 204.7 (35.8) (40.0) 301.5 133.9 0 (240.6) 1,640.2 0 0
Total Current Liabilities 78,603.9 78,632.6 67,319.6 62,281.6 59,491.9 62,311.0 57,472.7 50,154.1 51,111.5 57,798.1 55,443.1 48,103.6 40,437.1 45,852.1 39,729.4 34,561.5 31,912.3 29,198.2 26,603.7 22,037.6 17,031.5 13,976.2 10,864.9 13,049.1 12,114.2 9,498.9 8,964.7 8,246.5 7,689.4 8,593.4 4,800.6 3,107.7 1,946.5 1,618.5 0
Non-Current Liabilities
Long-Term Debt 8,389.5 8,631.8 8,721.3 9,113.2 9,286.7 11,440.8 11,282.0 11,614.6 11,384.2 13,042.9 12,155.7 6,544.6 11,330.8 10,885.8 12,537.1 12,161.5 11,115.3 9,739.2 9,826.6 9,791.6 10,404.6 5,938.3 6,764.9 7,052.6 7,198.2 7,154.8 7,044.8 6,514.5 6,618.6 1,168.0 1,079.2 932.7 831.0 642.4 0
Deferred Tax Liabilities 118.5 112.8 118.5 127.3 125.5 127.5 210.2 211.3 213.7 212.3 0 0 0 218.2 0 0 0 25.2 4,441.1 0 0 3,687.1 6,706.5 0 0 819.2 0 0 0 783.8 0 160.9 0 0 0
Other Non-Current Liabilities 14,876.3 14,304.1 13,543.1 5,810.0 18,167.0 5,486.0 8,377.8 7,289.0 6,657.2 7,127.0 6,511.8 5,917.0 5,685.2 2,531.7 4,920.9 4,425.8 4,131.4 3,508.8 215.9 6,131.5 5,889.2 1,794.8 52.9 7,703.3 2,706.2 1,063.0 2,574.6 2,445.5 2,282.7 930.8 1,977.3 1,124.9 157.5 19,768.5 (945.2)
Total Non-Current Liabilities 33,097.4 33,147.1 32,636.3 31,148.3 38,943.6 31,787.0 30,445.7 29,645.3 28,360.2 33,849.5 27,331.6 20,914.8 25,428.2 22,765.1 24,283.5 23,642.8 17,795.7 15,622.0 17,885.9 17,131.0 17,263.9 13,494.7 15,501.6 15,890.3 11,269.5 11,360.8 11,411.6 10,892.1 11,016.1 3,428.0 3,056.5 2,251.5 988.5 20,441.3 (945.2)
Total Liabilities 111,701.3 111,779.7 99,955.9 93,429.9 98,435.5 94,098.1 87,918.4 79,799.4 79,471.8 91,647.6 82,774.7 69,018.4 65,865.2 68,617.2 64,012.9 58,204.3 49,708.0 44,820.2 44,489.6 39,168.6 34,295.4 27,471.0 26,366.5 28,939.4 23,383.7 20,859.6 20,376.2 19,138.6 18,705.5 12,021.4 7,857.1 5,359.2 2,935.0 22,059.8 (945.2)
Stockholders' Equity
Common Stock 0 0 0 3.9 (365.9) 3.7 11,346.8 16,074.7 20,591.2 3.6 15,710.8 2.9 19,619.4 2.9 29,133.6 32,190.6 33,940.2 2.9 2.8 2.8 2.8 2.7 2.4 2.0 1.8 1.8 1.8 1.8 1.8 1.8 1.8 0.1 0.1 0.1 0
Retained Earnings 0 0 0 (124,807.7) 0 (113,068.2) 0 0 0 (90,758.0) 0 (80,692.6) 0 (69,914.2) 0 0 0 (55,634.1) (53,521.8) (52,686.5) (52,099.4) (51,648.4) (50,262.0) (49,216.9) (48,040.6) (46,326.3) (43,559.1) (41,005.5) (37,691.8) (35,039.8) (31,523.3) (21,766.5) (15,655.9) (11,711.9) 0
Accumulated Other Comprehensive Income 0 0 0 843.1 0 582.7 0 0 0 433.0 0 1,308.9 0 1,036.0 0 0 0 (276.3) (234.4) (254.3) (140.0) (65.5) (98.1) (306.1) (312.6) (203.0) (294.8) (165.4) (95.3) (34.7) (71.9) (167.1) (166.9) (13.9) (3,904.8)
Total Stockholders' Equity 4,340.1 4,162.1 3,669.7 (1,205.7) (365.9) 5,967.0 11,346.8 16,074.7 20,591.2 25,546.2 15,710.8 14,451.7 19,619.4 23,868.2 29,133.6 32,190.6 33,940.2 34,709.9 24,419.3 26,349.2 26,821.5 27,168.8 8,022.3 (5,794.9) (8,053.1) (6,299.7) (3,556.6) (960.5) 2,310.7 6,837.0 9,159.6 4,906.4 6,475.1 (11,603.1) 945.2
Total Liabilities & Equity 126,195.0 124,480.3 112,044.1 100,045.8 98,163.7 107,604.6 103,989.0 100,515.8 104,186.0 117,383.2 102,466.3 87,378.9 89,327.4 96,263.9 96,877.2 93,903.5 87,194.3 82,883.6 69,010.9 65,519.7 61,118.9 54,641.9 34,393.1 23,150.7 15,337.2 14,582.0 16,844.5 18,202.9 21,044.6 18,842.6 17,019.3 10,276.1 9,427.7 10,468.0 945.2
Debt Metrics
Total Debt 26,567.5 26,246.7 27,640.5 30,964.4 30,354.0 33,823.3 33,879.6 33,123.9 32,743.7 50,379.3 32,237.1 28,391.5 28,396.4 23,706.0 27,001.7 28,437.0 22,090.3 20,098.9 19,202.5 17,245.0 15,355.1 9,519.6 9,832.9 13,221.5 13,563.8 10,699.1 11,059.4 10,740.6 11,620.3 3,236.9 1,678.7 1,496.9 900.4 726.2 0
Net Debt 17,740.0 210.0 18,369.7 23,853.0 22,278.6 14,494.4 10,087.6 8,471.5 8,921.7 17,444.2 8,152.5 14,667.6 13,633.0 3,818.4 8,921.1 3,923.3 6,190.2 4,765.2 (2,392.4) (149.4) (13,245.6) (28,994.3) (9,494.8) 2,727.0 11,586.5 9,707.1 10,078.4 8,388.3 6,664.2 103.0 (5,064.8) (3,166.9) (4,622.6) (6,779.7) 589.8
Metric 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q2 2022 Q4 2022 Q2 2021 Q4 2021 Q2 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1
Operating Activities
Net Income (12,032.4) (6,891.1) (12,273.4) (5,141.6) (10,384.3) (5,257.9) (10,221.4) (10,925.6) (9,989.4) (4,570.0) (5,038.1) (5,534.2) (1,388.6) (1,187.9) (1,207.8) (1,722.8) (2,864.6) (2,553.6) (3,313.7) (2,652.0) (3,503.0) (2,810.4) (6,110.6) (3,943.9) (1,700.0) (1,300.7) (1,087.1) (2,043.5)
Depreciation & Amortization 4,570.1 0 4,204.5 0 3,496.2 0 2,868.1 2,039.3 2,377.2 1,616.9 1,425.8 926.1 431.5 353.4 361.9 398.7 522.4 404.2 305.6 288.9 189.3 139.8 80.6 64.4 58.3 43.0 37.3 29.2
Stock-Based Compensation 897.1 489.3 1,136.3 647.1 792.2 281.4 1,169.6 1,199.4 1,332.4 963.5 662.3 347.9 60.2 49.2 45.3 32.4 51.2 70.4 92.2 119.6 141.7 432.2 63.4 42.1 37.0 17.4 12.2 23.6
Change in Working Capital (5,466.0) 0 (1,761.0) 0 602.4 0 6,429.4 1,724.2 (5,150.2) (1,908.1) (160.3) (3,879.5) 2,520.4 (171.9) 591.4 (191.4) 1,695.8 (798.1) (62.1) (614.7) 530.3 (1,205.1) (346.7) (233.5) 371.4 (17.0) (77.3) (146.3)
Other Non-Cash Items 1,104.8 6,401.8 10,872.2 4,494.6 (4,534.3) 4,976.5 9,969.5 (5,634.2) 8,912.5 2,549.3 4,223.4 8,993.0 524.1 1,283.6 1,059.1 110.2 127.0 1,262.8 353.7 (1,156.8) 62.0 1,746.2 4,237.7 2,511.6 37.3 11.1 32.0 1,087.2
Operating Cash Flow (10,926.4) 0 2,178.6 0 (10,027.8) 0 10,215.2 (11,596.8) (2,517.5) (1,348.5) 1,113.1 853.3 2,147.6 326.4 849.9 (1,373.0) (468.2) (1,614.2) (2,624.2) (4,015.1) (2,579.7) (1,697.3) (2,075.5) (1,559.3) (1,196.0) (1,246.1) (1,082.9) (1,049.8)
Investing Activities
Capital Expenditure (2,965.4) 0 (4,786.0) 0 (4,356.3) 0 (9,302.1) (5,038.6) (3,509.7) (3,463.2) (3,261.0) (817.8) (175.3) (379.8) (216.8) (355.8) (220.9) (270.1) (415.5) (800.2) (806.5) (758.2) (628.7) (450.6) (457.0) (187.3) (191.0) (278.6)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 6.7 0 0 0 62.2 0 0 0 (7.5) (94) 0 0 0 (27.4) 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 (4,626.5) 0 0 0 (160.0) 0 0 0 (5,713.3) (2,377.4) 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 3,385.5 0 0 0 851.0 0 0 0 2,936 0 0 0 0 1,203.1 0 0
Other Investing Activities 3,482.2 0 (999.7) 0 5,183.5 0 (3,799.8) 7,255.2 5,363.8 11,994.1 (10,120.8) (25,565.2) 0 (2,694.0) 115.2 (130.2) 0 210 1,470 2,655.7 0 34.1 (9.3) (65.3) 0 0 (1,199.7) (52.4)
Investing Cash Flow 516.8 0 (5,785.7) 0 827.2 0 (13,101.9) 2,216.5 1,854.1 8,530.9 (13,381.8) (26,382.9) (1,409.7) (3,073.9) (101.6) (486.0) 532.2 (60.1) 1,054.5 1,855.5 (3,591.4) (3,195.5) (638.0) (515.9) (457.0) 988.4 (1,390.8) (331.0)
Financing Activities
Net Debt Issuance (4,608.7) 0 153.0 0 (1,787.0) 0 4,577.0 2,037.0 (4,395.9) 2,736.6 1,666.4 11,541.2 680.6 (17.3) 101.8 2,912.3 (278.2) 386.3 (1,097.3) 4,033.4 1,540.7 422.4 467.6 229.2 98.0 375.1 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (11.2) 0 0 0 0 (7.5) 11.2 79.2 0 0 3,630.5 916.2
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 3,690.9 0 2,866.2 0 540.3 0 21,033.2 15.7 34.8 8 10,356.0 (5,434.9) (1,501.6) 11,417.2 8,093.1 8.0 7.7 16.5 20.5 6.2 48.6 6,738.3 1,107.4 93.7 10.9 7.7 3,466.0 1,228.9
Financing Cash Flow (917.8) 0 3,019.2 0 (1,246.7) 0 25,610.2 2,052.7 (4,361.0) 2,744.6 12,022.4 6,106.3 18,842.3 11,399.9 8,194.8 2,920.4 (270.5) 402.8 (1,076.9) 4,039.6 2,552.0 7,153.2 1,575.0 322.9 7,423.6 748.8 3,466.0 1,228.9
Cash Position
Net Change in Cash (11,297.6) 0 (694.5) 0 (10,179.6) 0 22,651.9 (7,185.7) (5,206.9) 9,987.6 (533.2) (19,637.4) 18,989.5 8,574.6 8,932.8 1,058.4 (207.7) (6,320.3) 2,456.2 1,837.3 (3,589.5) 2,334.1 (1,067.6) (1,983.5) 5,709.8 402.5 972.1 (416.3)
Cash at Beginning 27,747.4 27,747.4 28,441.9 28,441.9 38,621.5 38,621.5 15,969.6 23,155.3 28,362.1 18,374.6 18,907.7 38,545.1 19,555.6 10,981.0 2,048.2 989.9 1,197.6 7,517.9 5,061.7 3,224.4 6,813.8 4,479.7 5,547.4 7,530.9 1,821.0 1,418.6 446.5 862.8
Cash at End 16,449.8 27,747.4 27,747.4 28,441.9 28,441.9 38,621.5 38,621.5 15,969.6 23,155.3 28,362.1 18,374.6 18,907.7 38,545.1 19,555.6 10,981.0 2,048.2 989.9 1,197.6 7,517.9 5,061.7 3,224.4 6,813.8 4,479.7 5,547.4 7,530.9 1,821.0 1,418.6 446.5
Free Cash Flow (13,891.9) 0 (2,607.4) 0 (14,384.1) 0 913.1 (16,635.4) (6,027.2) (4,811.7) (2,147.9) 35.5 1,972.3 (53.4) 633.1 (1,728.7) (689.1) (1,884.3) (3,039.8) (4,815.3) (3,386.2) (2,455.5) (2,704.2) (2,009.8) (1,652.9) (1,433.4) (1,273.9) (1,328.4)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1
Income Statement
Revenue 25,532.7 34,172.0 21,793.9 19,008.7 12,034.7 19,703.4 18,673.5 17,446.0 9,908.6 17,103.2 19,066.6 8,771.7 10,676.5 16,063.5 13,002.1 10,292.4 9,910.6 9,900.7 9,805.3 8,448.0 7,982.3 6,641.1 4,526.0 3,718.9 1,372.0 2,848.3 1,836.8 1,508.6 1,631.2 3,435.6 1,469.6 46.0 0 0 0 0 0
Gross Profit 4,859.1 5,990.2 3,024.6 1,897.5 919.6 2,308.9 2,007.4 1,688.7 487.7 1,279.2 1,523.3 87.0 162.3 621.8 1,735.1 1,340.3 1,446.8 1,699.5 1,993.2 1,573.9 1,554.8 1,141.9 585.8 313.1 (167.5) (253.8) (221.6) (504.2) (219.3) 13.6 (116.3) (153.2) 0 0 0 0 0
Operating Income (308.8) 503.7 (3,521.5) (4,908.9) (6,418.1) (6,032.9) (5,237.8) (5,209.3) (5,394.1) (6,625.3) (4,843.9) (6,074.1) (5,111.8) (6,736.1) (3,870.3) (2,845.6) (2,188.7) (2,445.1) (991.9) (763.3) (295.9) (931.4) (946.0) (1,160.0) (1,570.3) (2,826.2) (2,409.2) (3,226.1) (2,617.7) (3,446.9) (2,809.9) (1,875.0) (1,463.9) (1,670.1) (1,287.9) (1,043.0) (952.6)
Net Income (496.0) 280.1 (3,660.8) (5,141.3) (6,891.1) (7,131.8) (5,141.6) (5,126.4) (5,257.9) (5,592.8) (4,628.6) (6,121.9) (4,803.6) (5,847.1) (4,142.3) (2,745.0) (1,825.0) (2,179.2) (2,858.8) (659.3) (4,875.0) (1,386.4) (1,187.9) (1,207.8) (1,691.3) (2,893.8) (2,553.6) (3,313.7) (2,652.0) (3,516.5) (2,833.8) (1,787.5) (1,522.8) (1,697.9) (1,295.6) (1,087.1) (2,043.5)
EPS (Diluted) -0.20 0.05 -1.51 -2.31 -3.29 -3.47 -2.50 -2.50 -2.57 -3.18 -2.67 -3.70 -2.91 -3.55 -2.53 -1.68 -1.12 -1.36 -1.82 -0.42 -3.14 -1.05 -0.98 -1.15 -1.66 -2.81 -2.48 -3.23 -2.56 -3.37 -4.42 -3.96 -3.64 -0.40 -0.24 -0.15 -0.28
Balance Sheet
Cash & Equivalents 8,827.5 26,036.6 9,270.8 7,111.5 8,075.5 19,328.9 23,791.9 24,652.5 23,822.0 32,935.1 24,084.6 13,724.0 14,763.4 19,887.6 18,080.7 24,513.7 15,900.1 15,333.7 21,594.9 17,394.4 28,600.7 38,425.5 19,327.7 10,494.5 1,977.3 862.8 981.0 2,352.3 4,956.1 3,133.8 6,743.5 4,423.2 5,523.0 7,506.0 (589.8)
Total Assets 126,195.0 124,480.3 112,044.1 100,045.8 98,163.7 107,604.6 103,989.0 100,515.8 104,186.0 117,383.2 102,466.3 87,378.9 89,327.4 96,263.9 96,877.2 93,903.5 87,194.3 82,883.6 69,010.9 65,519.7 61,118.9 54,641.9 34,393.1 23,150.7 15,337.2 14,582.0 16,844.5 18,202.9 21,044.6 18,842.6 17,019.3 10,276.1 9,427.7 10,468.0 0
Total Debt 26,567.5 26,246.7 27,640.5 30,964.4 30,354.0 33,823.3 33,879.6 33,123.9 32,743.7 50,379.3 32,237.1 28,391.5 28,396.4 23,706.0 27,001.7 28,437.0 22,090.3 20,098.9 19,202.5 17,245.0 15,355.1 9,519.6 9,832.9 13,221.5 13,563.8 10,699.1 11,059.4 10,740.6 11,620.3 3,236.9 1,678.7 1,496.9 900.4 726.2 0
Stockholders' Equity 4,340.1 4,162.1 3,669.7 (1,205.7) (365.9) 5,967.0 11,346.8 16,074.7 20,591.2 25,546.2 15,710.8 14,451.7 19,619.4 23,868.2 29,133.6 32,190.6 33,940.2 34,709.9 24,419.3 26,349.2 26,821.5 27,168.8 8,022.3 (5,794.9) (8,053.1) (6,299.7) (3,556.6) (960.5) 2,310.7 6,837.0 9,159.6 4,906.4 6,475.1 (11,603.1) 945.2
Cash Flow
Operating Cash Flow (10,926.4) 0 2,178.6 0 (10,027.8) 0 10,215.2 (11,596.8) (2,517.5) (1,348.5) 1,113.1 853.3 2,147.6 326.4 849.9 (1,373.0) (468.2) (1,614.2) (2,624.2) (4,015.1) (2,579.7) (1,697.3) (2,075.5) (1,559.3) (1,196.0) (1,246.1) (1,082.9) (1,049.8)
Capital Expenditure (2,965.4) 0 (4,786.0) 0 (4,356.3) 0 (9,302.1) (5,038.6) (3,509.7) (3,463.2) (3,261.0) (817.8) (175.3) (379.8) (216.8) (355.8) (220.9) (270.1) (415.5) (800.2) (806.5) (758.2) (628.7) (450.6) (457.0) (187.3) (191.0) (278.6)
Free Cash Flow (13,891.9) 0 (2,607.4) 0 (14,384.1) 0 913.1 (16,635.4) (6,027.2) (4,811.7) (2,147.9) 35.5 1,972.3 (53.4) 633.1 (1,728.7) (689.1) (1,884.3) (3,039.8) (4,815.3) (3,386.2) (2,455.5) (2,704.2) (2,009.8) (1,652.9) (1,433.4) (1,273.9) (1,328.4)