Niu Technologies (ADR)
Designs and sells smart electric two-wheelers and micro-mobility products through online and offline channels.
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Profile
Designs and sells electric motorcycles, mopeds, bicycles, kick-scooters and e-bikes. Products reach customers through online and offline channels in China and international markets.
Designs and sells electric motorcycles, mopeds and bicycles under the NQi, MQi, UQi and FQi series, alongside KQi kick-scooters and BQi e-bikes. Products reach customers through both online and offline channels.
Rooted in Beijing, the Nasdaq-listed company began operations in 2014, and its first smart e-scooter launched in 2015. Sales span China and international markets, with product design and urban use central to its stated identity.
The business depends on offline distribution expansion, product launches, component and raw-material supply, safety standards, operating partners, cost control, and Chinese and global economic conditions.
Company facts
Categories
Key statistics
Year to date −36.9% · Average volume (30d) 204.1K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | $0.19 | −$0.19 | −201.9% | $173.2M | $212.0M | +22.4% | −17.07% |
| May 18, 2026Q1 FY26 | $0.06 | −$0.17 | −370.8% | $133.0M | $131.8M | −0.9% | +1.65% |
| Mar 16, 2026Q4 FY25 | −$0.13 | −$0.16 | −19.7% | $90.7M | $96.7M | +6.6% | −8.18% |
| Nov 17, 2025Q3 FY25 | −$0.13 | $0.14 | +206.4% | $89.2M | $237.9M | +166.6% | +6.08% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $101.5M | $186.8M | $252.0M | $99.2M | $134.5M | $214.3M | |
| Gross profit | $17.6M | $37.6M | $55.0M | $15.1M | $23.4M | $34.3M | |
| Operating income | −$6.9M | −$1.9M | $10.9M | −$15.1M | −$15.5M | −$16.4M | |
| Net income | −$5.8M | $875.0K | $12.2M | −$12.9M | −$13.9M | −$15.2M | |
| Diluted EPS | −$0.07 | $0.01 | $0.15 | −$0.16 | −$0.17 | −$0.19 | |
| Gross margin | 17.3% | 20.1% | 21.8% | 15.3% | 17.4% | 16.0% | |
| Operating margin | -6.8% | -1.0% | 4.3% | -15.2% | -11.5% | -7.6% |
Fiscal years (4-quarter sums)FY21 $551.2M · FY22 $471.5M · FY23 $394.6M · FY24 $489.3M · FY25 $639.6M
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $219.6M · Total debt $33.1M · Total assets $518.0M · Shareholders' equity $106.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 78.44M · Float 38.45M · 49.0% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bull Trust | 65.69M | 41.90% | 13D | Jul 24, 2026 |
| Invesco Ltd. | 2.28M | 2.91% | 13F | May 12, 2026 |
| Morgan Stanley | 1.32M | 1.68% | 13F | May 15, 2026 |
| Acadian Asset Management LLC | 535.8K | 0.68% | 13F | May 13, 2026 |
| Vinva Investment Management Ltd | 530.7K | 0.68% | 13F | May 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 16, 2026 | Fion Wenjuan Zhou | director, officer: Chief Financial Officer | −22,113 | $3.48 |
Peers
- Gogoro
Electric-scooter and battery-swapping mobility operator
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Niu Technologies (ADR) | $1.99 | +0.51% | $156.1M | — | — | 0.2 | +21.1% |
| Gogoro | $2.45 | −1.01% | $35.0M | — | — | 0.1 | +7.3% |
| Median | — | — | 0.1 | +7.3% |



