Why NIO Stock dropped -3.31% Today — RQD Quant Desk Flash

Per the Roarable RQD rating, NIO scores 17 out of 100 and receives a letter grade of E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are scored as follows: Fundamental Cash Engine at 5/20 (ROIC of -35% and FCF yield of -1.62%), Whale 13F Flow at 5/20 (institutional accumulation and options positioning), Insider Conviction at 3/20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit at 3/20 (beta of 1.08 and sector sensitivity), and Forensic Balance Sheet at 1/20 (Altman Z of 0.45, Piotroski F of 3/9, Debt/Equity of 2.07). Taken together, the pillar scores indicate weakness across nearly every dimension. The lowest-scoring pillar, forensic balance sheet, is the most direct signal of financial stress in the source data. For a prospective investor, the implication is that the upside case rests almost entirely on a future turnaround that the reported cash-generation and balance-sheet metrics do not currently support. Valuation tradeoffs are sharp: with negative EPS and a forward P/E of 32 per the market data, the stock's price depends on earnings expectations that the historical financials do not yet demonstrate. The macro pillar's modest beta suggests the stock's movements may track sector sentiment, which adds volatility rather than offsetting risk.

NIO operates in the Consumer Discretionary sector within the Auto Manufacturing industry and trades on the NYSE, per the profile section. The profile does not describe its product lineup, customer base, or revenue model. Per the SEC financials, the company reported revenue of $12510.5M for FY 2025, but the source data does not break revenue down by product or geography. Revenue has grown across the three reported fiscal years, though operating income has been negative in each.

Per the market data, gross margin is 13.6%, operating margin is -16%, and net margin is -12.5%, with ROIC at -35%. Per the Roarable RQD rating, the Altman Z-Score is 0.45 and the Piotroski F-Score is 3/9, both indicating financial distress. Debt/Equity is 2.07 per the RQD pillar detail. Cash declined from $2648.1M in FY 2024 to $1612.2M in FY 2025, while debt fell from $2199.7M in FY 2023 to $1233.5M in FY 2025.

Per the recent news section, two items are flagged. The first, a GREEN-lit catalyst item, reports that NIO and XPeng hit new 12-month lows, a negative price-action signal rather than a positive one. The second, a YELLOW market-wire item, reports that October deliveries were down 15.2% to 34,246. Both items point to deteriorating operating momentum in the near term. The Butterfly Supply-Chain Graph reports no supply-chain links and no proprietary signals, so no upstream or downstream catalyst relationships can be drawn from it.

Per the Butterfly Supply-Chain Graph, the supply chain is recorded as NONE with no butterfly links. Upstream and downstream dependencies cannot be mapped from the source data. Sector context is limited to the Consumer Discretionary and Auto Manufacturing classifications. A prospective investor should monitor whether delivery declines, such as the 15.2% October drop cited in the news wire, propagate into revenue and cash-flow pressure, given the negative free cash flow already reported.

• What is the source of the reported FY 2025 net income of $0.0M alongside negative operating income of $-2007.9M, and how was it reconciled?
• What is the trailing P/E and EV/EBITDA, which the source data marks as unavailable?
• What is the cash balance for FY 2023, which the source data marks as N/A?
• What are the company's product lines, delivery volumes history, and revenue by geography?
• What analyst consensus, price targets, and institutional or insider holdings exist, given that both sections are empty?