Xiaomi has posted record-breaking financial results for the first quarter of 2025, reporting significant gains across its smartphone, electric vehicle (EV), AIoT, and wearable divisions. Total revenue surged to $15.4 billion, marking a 47.4% year-on-year (YoY) increase, while net profit grew 64.5% YoY to $1.48 billion.
Xiaomi’s smartphone and AIoT business remained its primary revenue driver, generating $12.8 billion, up 22.8% YoY. The company maintained its position as a top-3 global smartphone vendor for the 19th consecutive quarter. In Mainland China, Xiaomi ranked No. 1 in total shipments, capturing 18.8% of the market, a 4.7% increase YoY.
Xiaomi’s global smartphone shipments in Q1 reached 41.8 million units, while Mainland China shipments hit 13.3 million units, growing 40% from the previous year.
The IoT and lifestyle product segment also saw robust performance, with 943.7 million AIoT devices connected to the Xiaomi ecosystem. Smart large home appliances revenue increased 113.8% YoY, and the brand ranked No.1 globally for wearables and No.2 in TWS earbuds.
Xiaomi’s smart EV division reported quarterly revenue of $2.5 billion and a gross margin of 23.2%, despite a $69.4 million operating loss. The Xiaomi SU7 sedan led this growth, with 75,869 units delivered in Q1 2025, bringing total deliveries to over 258,000 vehicles since launch.
Xiaomi expanded its EV sales network to 235 locations across China, a 17.5% increase from the previous quarter.
Xiaomi reported a 9.2% YoY increase in global monthly active users (MAUs), now at 718.8 million, while MAUs in Mainland China grew 12.9% to 181.1 million. Its global tablet shipments earned it a top-3 position for the first time, with 3.1 million units shipped in Q1.
Meanwhile, the Xiaomi Pad 7 Ultra launched in May 2025, further strengthening the brand’s presence in the premium device segment, where it now holds 25% of China’s flagship smartphone market.
Xiaomi invested over $1.87 billion in the development of its in-house Xring O1 chipset, which debuted in the Xiaomi 15S Pro and Pad 7 Ultra. The company now holds over 43,000 patents globally, and 47.7% of its workforce is engaged in research and development.
