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Niu Technologies Posts Strong Q1 2026 Revenue Growth but Wider Losses on Higher Costs

Story Highlights
  • Niu Technologies’ Q1 2026 revenue rose 33.4% to RMB 909.5 million, fueled by higher e-scooter volumes and pricing, but net loss more than doubled as operating expenses climbed sharply.
  • China drove growth with strong e-scooter sales and AI-enabled product launches, while international kick-scooter demand weakened, highlighting Niu’s strategic pivot and ongoing profitability challenges.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Niu Technologies Posts Strong Q1 2026 Revenue Growth but Wider Losses on Higher Costs

Meet Samuel – Your Personal Investing Prophet

An update from Niu Technologies ( (NIU) ) is now available.

Niu Technologies reported unaudited results for the first quarter ended March 31, 2026, showing revenues of RMB 909.5 million, up 33.4% year over year, driven by a 28.7% increase in e-scooter sales and higher revenue per unit. Despite a stable gross margin of 17.4%, the company’s net loss more than doubled to RMB 93.9 million as operating expenses surged nearly 60%, reflecting heavier marketing during the Chinese New Year, higher R&D investment, and significant foreign-exchange losses.

Sales in China remained the growth engine, with domestic e-scooter volumes rising 35.4% and revenue from this market climbing 41.6%, while international unit sales fell 32.4% and related revenues declined 15.2% amid weaker kick-scooter demand. Management highlighted expanded engagement with Gen Z consumers, the launch of AI-integrated flagship models powered by its NIU AIOS system, and a strategic refocus on electric motorcycles overseas, underscoring a bid to strengthen its competitive position even as profitability remains under pressure.

The most recent analyst rating on (NIU) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Niu Technologies stock, see the NIU Stock Forecast page.

Spark’s Take on NIU Stock

According to Spark, TipRanks’ AI Analyst, NIU is a Neutral.

NIU scores in the low-50s primarily because fundamentals are improving but still risky: profitability remains negative despite better margins and sharply improved 2025 cash flow, and leverage rose meaningfully. The earnings call adds support via optimistic 2026 guidance and product/channel progress, but inventory overhang and cost pressure are notable. Technicals are mixed with a short-term bounce that has not yet reversed the longer downtrend, and valuation is constrained by losses (negative P/E) with no dividend support.

To see Spark’s full report on NIU stock, click here.

More about Niu Technologies

Niu Technologies is a Beijing-based provider of smart urban mobility solutions, best known for its connected electric scooters and micro-mobility vehicles. The company focuses on the Chinese market while also serving international customers, leveraging AI-enabled operating systems and a large franchised-store network to target younger, tech-savvy riders.

Average Trading Volume: 430,523

Technical Sentiment Signal: Sell

Current Market Cap: $222.2M

See more data about NIU stock on TipRanks’ Stock Analysis page.

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