US-listed shares of the Chinese EV maker Nio soared by more than 10% on Thursday’s pre-market session after the company said it expects to record — for the first time — an adjusted profit from operations for the fourth quarter of 2025.
The company guided for adjusted operating profit of 700 million yuan to 1.2 billion yuan ($100 million to $172 million) in the October-December period, excluding share-based compensation expenses.
A year earlier, in the fourth quarter of 2024, adjusted operating loss of 5.54 billion yuan ($798 million) — a swing of more than 6 billion yuan at the midpoint.
Reaching non-GAAP profitability in the final quarter of 2025 was the EV maker’s main target for the year.
On a GAAP basis, Nio expects to report operating profit of 200 million yuan to 700 million yuan for the quarter, representing a narrower but still significant turnaround from year-ago losses.
The preliminary results, disclosed Thursday ahead of the company’s full fourth-quarter and fiscal year 2025 earnings release, have not been audited or reviewed by Nio‘s independent auditor or the audit committee of its board.
“As of the date of this press release, the Company is in the process of preparing and finalizing the financial results for the three months and full year ended December 31, 2025 (the “Q4 and FY2025 Results”),” the company said in the release.
Stock Reaction
Nio‘s US-listed shares jumped immediately after the release, reaching $4.95 — a 11.5% rise from the $4.44 closing price on Wednesday.
Despite falling short of its initial annual delivery target in 2025 — meeting only the twice-revised guidance — adjusted operating profitability in the fourth quarter was the key target watched by investors and analysts.
The stock had fallen 38.0% in the last three months prior to Thursday’s spike. Year to date, Nio shares had lost 12.9%.
As of press time, the stock was soaring 9.5% at $4.86.
Turnaround Reasons
The EV maker attributed the expected profit to three factors, including vehicle deliveries reaching a new record in the final quarter of Q4.
Nio mentioned improved vehicle margins driven by a more favorable product mix, referring to the bestselling model of the group being the ES8 — one of the most expensive in which the company has a 20% margin.
The company led by William Li has also cited the ongoing cost-reduction efforts paired with gains in operational efficiency.
January Deliveries
Separately, Nio reported January delivery figures last weekend.
Nio Group‘s main brand delivered 20,894 vehicles in January, a 162.8% jump from a year ago.
The Group’s total reached 27,182 vehicles globally in January, up 96% from a year ago — including 3,481 from the family focused Onvo brand, and 2,807 from the cheaper Firefly brand.
