Northann Corp. Financial Summary

Complete Filing Data

Northann Corp. reported Stockholders Equity of $1.97 million for FY2022.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Northann Corp. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022
Net Income Loss-$4.4M-$7.1M$929.1K
Income Tax Expense Benefit$1.7K$14.4K$127.0K
Revenues$15.3M$14.0M$21.0M
Research And Development Expense$783.4K$1.9M$1.5M
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax$1.8M-$6.0K$522.7K
Operating Income Loss-$1.7M-$4.8M$2.1M
Operating Expenses$5.7M$6.0M$3.7M
Nonoperating Income Expense-$2.7M-$2.4M-$1.0M
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$4.4M-$7.1M$1.1M
Gross Profit$4.0M$1.2M$5.8M
General And Administrative Expense$3.8M$2.9M$1.2M
Cost Of Revenue$11.4M$12.7M$15.2M
Comprehensive Income Net Of Tax-$2.6M-$7.1M$1.5M
Other Nonoperating Income$306.4K$1.1K$36.5K
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent$1.8M-$6.0K$522.7K
Interest Expense Nonoperating$470.9K$1.7M
Income Taxes Paid Net$120.5K$286.8K$110.0K
Nonoperating Other Expenses$32.4K$0.00$377.1K
Deferred Revenue$1.1M$287.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022
Net Income Loss-$8.8M-$2.3M-$2.6M$496.6K-$997.5K$60.0K-$2.9M-$697.1K$185.5K$499.3K
Income Tax Expense Benefit$0.00$0.00$0.00-$2.00$2.8K$0.00$0.00$389.00$5.4K-$65.9K
Revenues$3.5M$1.7M$3.4M$2.6M$3.9M$4.6M$2.2M$4.5M$2.7M$5.5M
Research And Development Expense$289.5K$256.2K$462.1K$340.1K$419.6K$512.6K$99.2K$210.1K$300.2K$383.3K
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax-$80.2K$1.5M-$204.4K-$97.3K$92.5K$69.7K-$717.0K$10.5K$373.7K-$2.4M
Operating Income Loss-$8.8M-$2.2M-$2.6M$553.5K-$1.2M$328.0K-$1.9M$161.5K$396.1K$717.7K
Operating Expenses$7.3M$1.3M$3.0M$1.1M$2.1M$1.2M$647.3K$741.2K$853.8K$2.1M
Nonoperating Income Expense-$44.1K-$67.7K-$56.1K-$56.9K$172.6K-$267.9K-$1.0M-$858.2K-$205.3K-$284.3K
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$8.8M-$2.3M-$2.6M$496.6K-$994.7K$60.0K-$2.9M-$696.7K$190.8K$433.4K
Gross Profit-$1.4M-$913.8K$390.7K$1.6M$900.6K$1.5M-$1.3M$902.8K$1.2M$2.9M
General And Administrative Expense$662.3K$780.4K$1.5M$575.7K$1.5M$485.0K$354.9K$384.2K$355.1K$1.5M
Cost Of Revenue$5.0M$2.6M$3.0M$929.0K$3.0M$3.1M$3.4M$3.6M$1.5M$2.6M
Comprehensive Income Net Of Tax-$8.9M-$739.2K-$2.8M$399.3K-$902.1K$129.7K-$3.6M-$686.6K$559.2K-$1.9M
Other Nonoperating Income$1.8K$0.00$0.00$250.2K$134.00$394.00$159.00$4.1K
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent-$206.4K-$97.3K$92.5K$69.7K-$717.0K$10.5K$373.00-$619.1K
Interest Expense Nonoperating$46.0K$67.7K$56.1K$53.5K$77.7K$267.9K$20.7K$330.7K
Income Taxes Paid Net$0.00$0.00$5.4K
Nonoperating Other Expenses$0.00$0.00$15.00$3.4K$0.00$0.00$990.7K-$60.3K
Deferred Revenue$1.6M$764.5K$0.00$898.3K$1.6M$1.6M$1.2M

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021
Stockholders Equity$2.0M-$403.0K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$254.9K$748.8K
Retained Earnings Accumulated Deficit-$5.3M$1.8M
Property Plant And Equipment Net$4.7M$5.5M
Other Assets Current$127.3K$111.3K
Other Accounts Payable And Accrued Liabilities$4.5M$4.7M
Operating Lease Right Of Use Asset$87.4K$18.2K
Operating Lease Liability Current$31.4K$18.2K
Notes Payable Current$302.9K$184.1K
Liabilities Current$12.9M$12.0M
Liabilities And Stockholders Equity$13.6M$14.4M
Liabilities$13.0M$12.4M
Inventory Net$2.6M$4.6M
Common Stock Value$21.4K$20.0K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect-$860.1K$850.3K-$497.7K
Assets Current$6.8M$6.6M
Assets$13.6M$14.4M
Accumulated Other Comprehensive Income Loss Net Of Tax-$775.8K-$769.9K
Accounts Receivable Net Current$2.6M$1.4M
Short Term Bank Loans And Notes Payable$5.7M$7.0M
Operating Lease Liability Noncurrent$56.0K
Liabilities Noncurrent$180.9K$447.4K
Cash
Assets Noncurrent$6.8M$7.8M
Taxes Payable Current$601.3K$608.7K$70.3K
Restricted Cash Current$0.00$3.8K$3.8K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022
Stockholders Equity$1.8M$4.4M$3.9M$2.6M$1.4M$969.0K$712.3K$582.6K-$1.8M$1.8M$2.5M$2.1M$2.2M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$40.9K$1.1M$1.9M$245.2K$87.7K$224.1K$593.9K$1.1M$90.5K$27.6K$91.9K$35.7K
Retained Earnings Accumulated Deficit-$23.4M-$14.6M-$12.3M-$9.7M-$5.8M-$6.3M-$5.3M-$1.6M
Property Plant And Equipment Net$3.6M$3.7M$3.8M$3.9M$4.3M$4.4M$4.5M$4.9M
Other Assets Current$49.9K$67.0K$29.3K$75.0K$72.9K$55.6K$47.3K$106.0K
Other Accounts Payable And Accrued Liabilities$5.1M$4.0M$4.8M$2.6M$2.5M$2.5M$4.3M$6.9M
Operating Lease Right Of Use Asset$1.6M$1.6M$1.7M$1.8M$1.9M$71.9K$79.7K$95.0K
Operating Lease Liability Current$375.6K$370.8K$363.2K$355.8K$348.4K$32.2K$31.8K$31.0K
Notes Payable Current$689.2K$863.1K$1.2M$1.4M$1.9M$2.9M$1.4M$1.2M
Liabilities Current$9.0M$8.0M$11.1M$9.7M$11.5M$12.0M$12.3M$16.8M
Liabilities And Stockholders Equity$15.0M$16.5M$16.5M$13.9M$14.6M$13.1M$13.2M$15.2M
Liabilities$13.1M$12.1M$12.6M$11.3M$13.2M$12.2M$12.5M$17.0M
Inventory Net$3.5M$3.5M$2.3M$2.0M$3.8M$3.0M$2.8M$5.8M
Common Stock Value$179.8K$95.5K$95.5K$55.5K$24.4K$24.2K$21.4K$20.0K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$1.6M-$511.3K-$159.2K
Assets Current$6.6M$8.1M$8.6M$5.9M$6.0M$6.4M$6.3M$8.1M
Assets$15.0M$16.5M$16.5M$13.9M$14.6M$13.1M$13.2M$15.2M
Accumulated Other Comprehensive Income Loss Net Of Tax$2.3M$2.4M$841.2K$1.0M-$710.9K-$613.6K-$706.1K-$1.1M
Accounts Receivable Net Current$2.5M$2.8M$3.7M$3.1M$1.9M$2.5M$2.5M$1.5M
Short Term Bank Loans And Notes Payable$2.0M$4.8M$4.7M$5.3M$4.5M$4.5M$6.7M
Operating Lease Liability Noncurrent$1.2M$1.3M$1.4M$1.5M$1.6M$39.7K$47.9K$64.0K
Liabilities Noncurrent$1.5M$1.6M$1.7M$160.2K$170.6K$191.8K
Cash$40.9K$1.1M$245.2K
Assets Noncurrent$7.9M$8.0M$8.5M$6.7M$6.9M$7.1M
Taxes Payable Current$574.9K$514.2K$511.0K$25.9K
Restricted Cash Current$3.8K$3.7K$3.8K$3.7K

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022
Proceeds From Repayments Of Related Party Debt$1.1M$118.9K$1.1M
Net Cash Provided By Used In Operating Activities-$1.2M-$4.7M-$3.4M
Net Cash Provided By Used In Investing Activities-$296.4K$0.00-$150.6K
Net Cash Provided By Used In Financing Activities-$1.2M$5.4M$2.6M
Increase Decrease In Prepayments$179.5K$74.8K-$246.4K
Increase Decrease In Other Receivables-$52.3K$16.0K$37.5K
Increase Decrease In Other Accounts Payable And Accrued Liabilities-$711.5K$1.8M-$181.5K
Increase Decrease In Operating Lease Liability$1.7M$69.1K-$25.7K
Increase Decrease In Inventories-$649.9K-$1.9M$1.7M
Increase Decrease In Interest Payable Net$9.2K$444.00-$444.00
Increase Decrease In Deferred Liabilities-$1.1M$1.1M-$1.7M
Increase Decrease In Accrued Taxes Payable-$7.4K$538.4K-$337.8K
Increase Decrease In Accounts Receivable$491.1K$1.2M$174.3K
Increase Decrease In Accounts Payable-$42.0K-$2.4M-$1.5M
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$1.9M$152.5K$522.7K
Depreciation Depletion And Amortization$645.5K$680.2K$598.1K
Increase Decrease In Employee Related Liabilities$5.9K$51.5K$2.7K
Increase Decrease In Right Of Use Assets$1.7M$69.1K-$25.7K
Share Based Compensation$2.0M$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2025Q1 2024Q1 2023
Proceeds From Repayments Of Related Party Debt-$263.2K$1.1M$550.3K
Net Cash Provided By Used In Operating Activities-$1.0M$297.9K-$895.4K
Net Cash Provided By Used In Investing Activities-$149.0K-$270.2K-$159.4K
Net Cash Provided By Used In Financing Activities$3.1M-$641.8K$521.9K
Increase Decrease In Prepayments$80.5K$5.9K$64.2K
Increase Decrease In Other Receivables-$45.7K-$80.1K-$73.9K
Increase Decrease In Other Accounts Payable And Accrued Liabilities$1.2M-$25.6K$146.4K
Increase Decrease In Operating Lease Liability-$86.3K-$7.7K-$6.8K
Increase Decrease In Inventories$345.3K$198.3K$1.2M
Increase Decrease In Interest Payable Net-$4.5K$4.1K$0.00
Increase Decrease In Deferred Liabilities$0.00$489.5K$4.00
Increase Decrease In Accrued Taxes Payable-$635.6K-$97.7K-$64.2K
Increase Decrease In Accounts Receivable$641.1K-$82.3K-$478.2K
Increase Decrease In Accounts Payable$1.1M-$209.4K-$775.7K
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents-$367.5K$102.8K$373.7K
Depreciation Depletion And Amortization$247.7K$134.8K$239.0K
Increase Decrease In Employee Related Liabilities-$64.4K-$29.9K-$4.2K
Increase Decrease In Right Of Use Assets-$86.3K-$7.7K-$6.8K
Share Based Compensation$816.8K$0.00

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022
Weighted Average Number Of Shares Outstanding Basic26.3M20.3M20.0M
Weighted Average Number Of Diluted Shares Outstanding26.3M20.3M20.4M
Earnings Per Share Diluted$-0.17$-0.35$0.05
Earnings Per Share Basic$-0.17$-0.35$0.05
Common Stock Shares Outstanding21.4M20.0M
Common Stock Shares Issued21.4M20.0M
Common Stock Shares Authorized400.0M400.0M
Common Stock Par Or Stated Value Per Share$0.00$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022
Weighted Average Number Of Shares Outstanding Basic122.8M95.5M95.5M24.3M22.9M20.0M20.0M20.0M20.0M20.0M
Weighted Average Number Of Diluted Shares Outstanding122.8M95.5M95.5M24.3M22.9M20.0M20.0M20.0M20.0M20.0M
Earnings Per Share Diluted$-0.07$-0.02$-0.03$0.02$-0.04$0.01$-0.15$-0.03$0.01$0.02
Earnings Per Share Basic$-0.07$-0.02$-0.03$0.02$-0.04$0.01$-0.15$-0.03$0.01$0.02
Common Stock Shares Outstanding179.8M95.5M95.5M55.5M24.4M24.2M40.0M20.0M
Common Stock Shares Issued179.8M95.5M95.5M55.5M24.4M24.2M40.0M20.0M
Common Stock Shares Authorized400.0M400.0M400.0M400.0M400.0M400.0M400.0M400.0M
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022
Selling Expense$1.1M$1.2M$1.0M
Security Deposits$9.0K$9.0K
Prepaid Expense Current$311.4K$236.6K
Long Term Loans From Bank$124.9K$133.7K
Interest Paid Net$246.1K$255.2K$292.6K
Construction In Progress$962.3K$971.9K
Additional Paid In Capital$6.7M$925.0K
Amortization Of Financing Costs And Discounts$0.00$645.6K$313.7K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022
Selling Expense$6.4M$243.5K$1.0M$159.4K$187.1K$218.4K$193.2K$146.9K$198.5K$253.5K
Security Deposits$9.0K$9.0K$9.0K$9.0K$9.0K$9.0K$9.0K$9.0K
Prepaid Expense Current$526.2K$738.4K$571.4K$490.9K$125.6K$532.7K$317.3K$655.4K
Long Term Loans From Bank$2.9M$136.9K$136.9K$120.5K$2.9M$136.9K$127.8K
Interest Paid Net$51.5K$339.8K$70.2K
Construction In Progress$2.2M$2.1M$1.4M$1.3M$1.3M$1.3M$1.2M$942.8K
Additional Paid In Capital$41.3M$23.6M$23.6M$15.5M$7.9M$7.8M$6.7M$925.0K
Amortization Of Financing Costs And Discounts$0.00$0.00$0.00$0.00$522.3K$123.3K$223.6K

Most recent annual filing with the SEC: July 1, 2025

Data sourced from SEC EDGAR public filings as of August 8, 2026.