Northann Corp.NCLEarnings & Financial Report
NYSE
NCL Q3 2025 Key Financial Metrics
Revenue
$3.5M
Gross Profit
$-1.4M
Operating Profit
$-8.8M
Net Profit
$-8.8M
Gross Margin
-40.6%
Operating Margin
-246.9%
Net Margin
-248.2%
YoY Growth
38.6%
EPS
$-0.07
Financial Flow
Northann Corp. Q3 2025 Financial Summary
Northann Corp. reported revenue of $3.5M for Q3 2025, with a net profit of $-8.8M (-248.2% margin). Cost of goods sold was $5.0M, operating expenses totaled $7.3M.
Key Financial Metrics
| Total Revenue | $3.5M |
|---|---|
| Net Profit | $-8.8M |
| Gross Margin | -40.6% |
| Operating Margin | -246.9% |
| Report Period | Q3 2025 |
Northann Corp. Annual Revenue by Year
Northann Corp. annual revenue history includes year-by-year totals (for example, 2024 revenue was $15.3M).
| Year | Annual Revenue |
|---|---|
| 2024 | $15.3M |
| 2023 | $14.0M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5M | $4.6M | $3.9M | $2.6M | $4.3M | $3.4M | $1.7M | $3.5M |
| YoY Growth | N/A | 68.0% | -14.4% | 18.4% | -5.0% | -25.2% | -56.1% | 38.6% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $13.6M | $13.2M | $13.1M | $14.6M | $13.9M | $16.5M | $16.5M | $15.0M |
| Liabilities | $13.0M | $12.5M | $12.2M | $13.2M | $11.3M | $12.6M | $12.1M | $13.1M |
| Equity | $582612 | $712349 | $968997 | $1.4M | $2.6M | $3.9M | $4.4M | $1.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $297897 | $-122223 | $169728 | $-1.6M | $-1.0M | $-2.8M | $-15589 |