Nano Labs (NA) Financial Statements & Analysis

Nano Labs (NA) Income Statement

Nano Labs reported revenue of CNY 27.01M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 33.5% from CNY 40.60M a year earlier. Net income was CNY 135.47M, a net margin of 501.6%. Gross margin was -147.3% and operating margin -396.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CNY 1.39M, down 66.5% from the same quarter a year earlier.

Nano Labs Income Statement Analysis

Values in millions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Nano Labs Ltd income statement - Annual data in millions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	27.01	40.60	78.34	983.17	39.44	2.13	0.00
Cost of Revenue	66.80	28.99	181.78	753.00	16.78	1.27	0.00
Gross Profit	-39.79	11.60	-103.45	230.16	-4.09	0.86	0.00
Operating Expenses
Research & Development	7.84	50.15	88.60	131.85	145.46	34.48	10.14
Selling, General & Administrative	59.32	59.97	68.73	77.63	29.24	3.30	0.83
Operating Expenses	67.38	110.11	157.34	209.48	174.70	37.77	10.93
Operating Income	-107.17	-98.51	-260.79	20.68	-178.79	-36.92	-10.97
Other Income/Expense
Interest Income	0.05	0.50	0.49	2.01	3.50	0.02	0.09
Interest Expense	17.08	6.91	-0.92	0.00	-0.51	0.00	0.00
Other Income/Expense	233.12	-13.23	6.85	10.43	-3.84	-0.80	-0.06
Income
Income Before Tax	125.95	-119.54	-254.37	31.12	-174.94	-37.70	-11.03
Income Tax Expense	0.00	0.00	-0.02	0.00	0.00	0.00	0.00
Net Income	135.47	-113.19	-252.82	31.12	-174.94	-37.70	-11.03
Net Income - Continuous Operations	135.47	-119.54	-254.35	31.12	-174.94	-37.70	-11.03
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	-92.42	-100.99	-244.19	208.69	-149.42	-36.56	-10.87
EBIT	142.89	-112.63	-254.37	31.12	-152.03	-36.92	-
Depreciation & Amortization	11.83	11.63	10.18	3.93	2.61	0.35	0.11
Earnings Per Share
Basic EPS	6.00	-14.00	-43.00	6.00	-39.00	-10.00	-
Diluted EPS	6.00	-14.00	-43.00	6.00	-78.00	-10.00	-
Basic Shares Outstanding	23.60	8.05	5.89	53.24	4.49	3.96	39.62
Diluted Shares Outstanding	23.61	8.05	5.89	53.67	4.49	3.96	39.62

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Nano Labs Financial Statements

What was Nano Labs's revenue in fiscal 2025?

Nano Labs reported revenue of CNY 27.01M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 33.5% from CNY 40.60M a year earlier.

Is Nano Labs profitable?

Yes. Nano Labs earned net income of CNY 135.47M in fiscal 2025, a net margin of 501.6%. In fiscal 2024 it lost CNY 113.19M.

What is Nano Labs's operating margin?

Nano Labs's operating income was −CNY 107.17M on revenue of CNY 27.01M in fiscal 2025, an operating margin of -396.8%, compared with -242.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition