Quick Answer
Northann Corp. reported R&D Expense of $783.4 thousand for fiscal year 2024.
Northann Corp. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $783.4K | -58.8% |
| 2023 | $1.90M | +29.3% |
| 2022 | $1.47M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $289.5K | -14.9% | +13.0% |
| June 30, 2025 | $256.2K | -38.9% | -44.6% |
| March 31, 2025 | $462.1K | -9.9% | +35.9% |
| September 30, 2024 | $340.1K | +242.9% | -19.0% |
| June 30, 2024 | $419.6K | +99.7% | -18.1% |
| March 31, 2024 | $512.6K | +70.7% | +416.9% |
| September 30, 2023 | $99.2K | -74.1% | -52.8% |
| June 30, 2023 | $210.1K | — | -30.0% |
- Northann Corp. showed a decrease of -58.8% in R&D Expense compared to the prior fiscal year.
- Over the 2022–2024 period, Northann Corp.’s r&d expense has declined by 46.7% (from $1.47 million to $783.4 thousand).
- The most recent figure is from Northann Corp.’s fiscal year 2024 report (Form 10-K), filed with the SEC on July 1, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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