Northann Corp.NCLEarnings & Financial Report
Northann Corp is a home furnishing enterprise specializing in the design, production and sales of home textile products, decorative accessories and related household goods. Its core markets cover North America, Western Europe and China, targeting mid-to-high end household consumer segments.
Revenue
$3.4M
Gross Profit
$390.7K
Operating Profit
$-2.6M
Net Profit
$-2.6M
Gross Margin
11.4%
Operating Margin
-74.9%
Net Margin
-76.5%
YoY Growth
-25.2%
EPS
$-0.03
Northann Corp. Q1 FY2025 Financial Summary
Northann Corp. reported revenue of $3.4M (down 25.2% YoY) for Q1 FY2025, with a net profit of $-2.6M (down 4482.0% YoY) (-76.5% margin). Cost of goods sold was $3.0M, operating expenses totaled $3.0M.
Key Financial Metrics
| Total Revenue | $3.4M |
|---|---|
| Net Profit | $-2.6M |
| Gross Margin | 11.4% |
| Operating Margin | -74.9% |
| Report Period | Q1 FY2025 |
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 |
Northann Corp. Quarterly Revenue & Net Profit History
Northann Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $3.5M | +38.6% | $-8.8M | -248.2% |
| Q2 FY2025 | $1.7M | -56.1% | $-2.3M | -132.5% |
| Q1 FY2025 | $3.4M | -25.2% | $-2.6M | -76.5% |
| Q4 FY2024 | $4.3M | — | $-3.9M | -91.4% |
| Q3 FY2024 | $2.6M | +18.4% | $496.6K | 19.4% |
| Q2 FY2024 | $3.9M | — | $-997.5K | -25.6% |
| Q1 FY2024 | $4.6M | — | $60.0K | 1.3% |
| Q3 FY2023 | $2.2M | — | $-2.9M | -135.2% |
Income Statement
| Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2M | $4.6M | $3.9M | $2.6M | $4.3M | $3.4M | $1.7M | $3.5M |
| YoY Growth | N/A | N/A | N/A | 18.4% | N/A | -25.2% | -56.1% | 38.6% |
Balance Sheet
| Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $15.2M | $13.2M | $13.1M | $14.6M | $13.9M | $16.5M | $16.5M | $15.0M |
| Liabilities | $17.0M | $12.5M | $12.2M | $13.2M | $11.3M | $12.6M | $12.1M | $13.1M |
| Equity | $-1.8M | $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 |