8-K Announcements
6Material company update
Mar 2, 2026·SEC
Material company update
Jan 2, 2026·SEC
Material company update
Jan 2, 2026·SEC
Northann Corp.(NCL)Earnings, Financials & Key Ratios
NCL•AMEX
$0.16
Price updated Jun 27, 2026
AboutNorthann Corp. engages in the manufacture, wholesale, and retail of the 3D printed vinyl flooring panels and other decorative panels in North America, Europe, and internationally. The company offers its products under the Benchwick brand name. Northann Corp. was founded in 2013 and is based in Elk Grove, California.Show more
- Revenue$14M-11.4%
- EBITDA-$11M-1013.8%
- Net Income-$12M-166.5%
- EPS (Diluted)-0.82-382.4%
- Gross Margin26.3%+1.4%
- EBITDA Margin-84.22%-1157.0%
- Operating Margin-84.22%-672.3%
- Net Margin-85.83%-200.8%
- ROE-201.11%+27.0%
NCL Price & Volume
Northann Corp. (NCL) stock price & volume — 10-year historical chart
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Persistent Operational Losses Challenge Northann's Viability
Investment Thesis • Updated 2026Q1
VerdictNegative: The company's inability to maintain positive free cash flow
Growth:Mixed
Profitability:Negative
Financial Position:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and insolvency risk
"Northann Corp. faces significant structural headwinds as its 3D-printing manufacturing model struggles to achieve consistent profitability, evidenced by a net margin of -58.4% in 2026Q1. The company's reliance on stock-based compensation, including a $2.4M charge in 2025Q4, obscures core operational performance while failing to prevent the erosion of retained earnings to -$24.3M. Investors should remain cautious regarding the firm's long-term sustainability given the critical liquidity risk posed by a cash balance of only $239.6K as of 2026Q1."
Verdict Logic
coupled with a precarious cash position of $239.6K in 2026Q1, suggests a high risk of further dilutive financing.
NCL Growth Metrics
Northann Corp. (NCL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years0.76%
3 Years-13.42%
TTM6.58%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-68.85%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM65.27%
Return on Capital
10 Years-46.63%
5 Years-58.48%
3 Years-166.41%
Last Year-132.64%
NCL Recent Earnings
Northann Corp. (NCL) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
May 19, 2026Metric
Actual
Est
EPS
$0.06
—
Rev
$5M
—
Q2 2026
Apr 14, 2026Metric
Actual
Est
EPS
$0.09
—
Rev
$5M
—
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$0.07
—
Rev
$4M
—
Q3 2025
Aug 19, 2025Metric
Actual
Est
EPS
$0.16
—
Rev
$2M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 19, 2026 | $0.06 | $5M |
| Q2 2026 | Apr 14, 2026 | $0.09 | $5M |
| Q4 2025 | Nov 14, 2025 | $0.07 | $4M |
| Q3 2025 | Aug 19, 2025 | $0.16 | $2M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Northann Corp. (NCL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.16 | $2.27M | -0.19 | -11.39% | -85.83% | -201.11% | — | |
| $119.76 | $7.33B | 20.20 | -0.48% | 3.77% | 4.96% | — | |
| $1.95 | $328.89M | 1.45 | -9.94% | 11.52% | 14.68% | — | |
| $59.61 | $6.44B | 31.05 | 5.12% | 4.27% | 8.38% | — | |
| $35.74 | $2.07B | 18.23 | 5.41% | 8.92% | 16.69% | — | |
| $48.09 | $700.65M | 7.40 | -7.47% | 1.15% | 1.91% | — |
Compare NCL vs Peers
Northann Corp. (NCL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NCL SEC Filings & Documents
Northann Corp. (NCL) SEC filings — annual & quarterly reports (10-K, 10-Q)
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NCL Frequently Asked Questions
Northann Corp. (NCL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Northann Corp.'s revenue?
Northann Corp. (NCL) reported $15.1M in revenue for fiscal year 2025. This represents a 16% increase from $13.1M in 2020.
How fast is Northann Corp. growing?
Northann Corp. (NCL) saw revenue decline by 11.4% over the past year.
Is NCL profitable?
Northann Corp. (NCL) reported a net loss of $11.9M for fiscal year 2025.
Dividend & Returns
What is NCL's return on equity?
Northann Corp. (NCL) has a return on equity (ROE) of -201.1%. Negative ROE indicates the company is unprofitable.
What is Northann Corp.'s free cash flow?
Northann Corp. (NCL) had negative free cash flow of $8.1M in fiscal year 2025, likely due to heavy capital investments.