Nano Labs Ltd (NA) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
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NA Revenue Growth
Revenue Breakdown (FY 2024)
NA's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
NA Revenue Analysis (2019–2024)
As of May 8, 2026, Nano Labs Ltd (NA) generated trailing twelve-month (TTM) revenue of $24.1 million, reflecting significant decline in growth of -66.5% year-over-year. The most recent quarter (Q2 2025) recorded $4.1 million in revenue, up 0.0% sequentially.
Looking at the longer-term picture, NA's historical revenue data shows a 3-year CAGR of +1.0%. The company achieved its highest annual revenue of $983.2 million in 2022.
Revenue diversification analysis shows NA's business is primarily driven by Product (84%), and Service (16%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including MARA, RIOT, and CLSK (+68.0% YoY), NA has underperformed the peer group in terms of revenue growth. Compare NA vs MARA →
NA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NACurrent | $24M | -66.5% | - | -242.7% | |
 MARA | $907M | - | - | -90.6% | |
 RIOT | $647M | - | - | -61.8% | |
 CLSK | $766M | +68.0% | +138.0% | 41.6% | |
 HUT | $15M | - | - | -2104.6% | |
 CIFR | $224M | - | - | -150.7% |
NA Historical Revenue Data (2019–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $40.6M | -48.2% | $11.6M | 28.6% | $-98,511,716 | -242.7% |
| 2023 | $78.3M | -92.0% | $-103,449,200 | -132.1% | $-260,785,294 | -332.9% |
| 2022 | $983.2M | +2392.8% | $230.2M | 23.4% | $20.7M | 2.1% |
| 2021 | $39.4M | +1754.6% | $-4,089,811 | -10.4% | $-178,785,887 | -453.3% |
| 2020 | $2.1M | - | $856K | 40.3% | $-36,915,952 | -1735.9% |
| 2019 | $0 | - | $0 | - | $-10,973,296 | - |
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Start ComparisonNA — Frequently Asked Questions
Quick answers to the most common questions about buying NA stock.
Is NA's revenue growth accelerating or slowing?
NA revenue declined -66.5% year-over-year, contrasting with the 5-year CAGR of N/A. TTM revenue fell to $24M. This reverses the prior growth trend.
What is NA's long-term revenue growth rate?
Nano Labs Ltd's 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of -66.5% is below this long-term average.
How is NA's revenue distributed by segment?
NA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.