Niu Technologies balance sheet NIU

Annual Quarterly

As of Dec 31, 2025, Niu Technologies had total assets of $421.9 million and total liabilities of $292.5 million. Total assets were up 17.8% from a year earlier. Stockholders' equity was $129.4 million. It held $141.2 million in cash and investments against $565,772 of total debt, net cash of $140.6 million. The current ratio, current assets divided by current liabilities, was 1.18.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
Assets
Cash
132
+53.2%
86
-29.8%
123
+58.7%
77
+136.9%
33
-6.0%
35
-13.5%
40
-51.4%
83
Short-term investments
9
—
—
23
-80.8%
121
+6.2%
114
+156.3%
45
+155.0%
17
Cash and investments
141
+63.6%
86
-29.8%
123
+22.0%
101
-34.6%
154
+3.4%
149
+75.8%
85
-15.4%
100
Receivables
5
-70.4%
18
+35.1%
13
-69.2%
43
+3.1%
42
+171.4%
16
-6.2%
17
+109.1%
8
Inventory
93
+4.9%
89
+60.8%
55
-8.5%
60
+42.9%
42
+94.2%
22
-15.1%
26
+23.9%
21
Total current assets
337
+13.5%
297
+19.9%
248
-15.0%
292
-1.9%
298
+25.4%
237
+25.9%
188
+15.7%
163
Property and equipment, net
60
+37.0%
44
-3.7%
46
-21.0%
58
-7.6%
62
+104.3%
31
+40.7%
22
+263.6%
6
Total assets
422
+17.8%
358
+16.1%
308
-16.2%
368
-4.0%
383
+35.3%
283
+30.4%
217
+25.9%
172
Liabilities and equity
Accounts payable
101
-15.4%
119
+46.8%
81
+21.7%
67
-21.2%
85
+39.4%
61
+63.1%
37
+2.4%
36
Total current liabilities
286
+26.6%
226
+50.0%
151
-12.8%
173
-2.4%
177
+40.4%
126
+26.7%
100
+14.7%
87
Total liabilities
292
+26.9%
230
+49.3%
154
-13.2%
178
-3.7%
185
+41.2%
131
+26.6%
103
+15.5%
89
Stockholders' equity
129
+1.4%
128
-17.2%
154
-18.9%
190
-4.3%
198
+30.3%
152
+33.9%
114
+37.0%
83
Debt
Lease liabilities
1
+4489.0%
0
-68.8%
0
-96.4%
1
-49.8%
2
—
—
—
Total debt
1
+4489.0%
0
-68.8%
0
-96.4%
1
-49.8%
2
—
—
—
Net cash
141
+63.0%
86
-29.8%
123
+23.3%
100
-34.4%
152
—
—
—
Ratios
Current ratio
1.18x
1.31x
1.64x
1.69x
1.68x
1.88x
1.89x
1.88x
Debt to equity
0.00x
0.00x
0.00x
0.01x
0.01x
—
—
—
Debt to EBITDA
0.17x
—
—
0.14x
0.04x
—
—
—
Return on equity
-4.35%
-20.75%
-24.86%
-3.78%
17.86%
16.98%
24.01%
-61.19%
Return on assets
-1.33%
-7.39%
-12.42%
-1.95%
9.25%
9.13%
12.58%
-29.45%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry
Motor Vehicles & Passenger Car Bodies (SIC 3711)
Listed as
NIU (Nasdaq)
Fiscal year ends
December 31
Incorporated in
Cayman Islands
Headquarters
Beijing
SEC filer status
Accelerated filer
SEC CIK
1744781

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.