NCL
Northann Corp.
NYSE MKT: NCL · CONSUMER CYCLICAL · FURNISHINGS, FIXTURES & APPLIANCES
$0.15
-1.51% today
Updated 2026-05-12
Market cap
$7.88M
P/E ratio
—
P/S ratio
0.58x
EPS (TTM)
$-0.82
Dividend yield
—
52W range
$0 – $97
Volume
0.3M
Northann Corp. (NCL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $13.09M | $34.53M | $20.96M | $13.97M | $15.35M | $13.60M |
| Revenue growth (YoY) | — | +163.7% | -39.3% | -33.3% | +9.9% | -11.4% |
| Cost of revenue | $8.57M | $28.69M | $15.20M | $12.76M | $11.37M | $10.02M |
| Gross profit | $4.52M | $5.83M | $5.75M | $1.21M | $3.98M | $3.58M |
| Gross margin | 34.5% | 16.9% | 27.5% | 8.7% | 25.9% | 26.3% |
| R&D | $1.87M | $2.33M | $1.47M | $1.90M | $783356.00 | $2.09M |
| SG&A | $1.14M | $1.28M | $1.27M | $3.08M | $3.80M | $3.07M |
| Operating income | $549382.00 | $1.15M | $2.08M | $-4.76M | $-1.67M | $-11.46M |
| Operating margin | 4.2% | 3.3% | 9.9% | -34.1% | -10.9% | -84.2% |
| EBITDA | $1.41M | $1.70M | $2.33M | $-4.08M | $-3.26M | $-11.46M |
| EBITDA margin | 10.8% | 4.9% | 11.1% | -29.2% | -21.2% | -84.2% |
| EBIT | $549382.00 | $885939.00 | $1.74M | $-4.76M | $-3.91M | — |
| Interest expense | $2113.00 | $6568.00 | $680580.00 | $2.36M | $470900.00 | $212482.00 |
| Income tax | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $444099.00 | $322682.00 | $929059.00 | $-7.13M | $-4.38M | $-11.67M |
| Net income growth (YoY) | — | -27.3% | +187.9% | -867.7% | +38.6% | -166.5% |
| Profit margin | 3.4% | 0.9% | 4.4% | -51.1% | -28.5% | -85.8% |