Northann Corp. (NCL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 4.96M | 4.91M | 3.55M | 1.71M | 3.44M | 4.31M | 2.56M | 3.89M | 4.6M | 4.53M | 2.16M | 4.54M | 2.73M | 1.15M | 5.48M | 7.66M | 7.12M |
| Revenue Growth % | 44.33% | 14.03% | 38.62% | -56.13% | -25.19% | -5.01% | 18.39% | -14.37% | 68.03% | 294.19% | -60.59% | - | -64.29% | -83.84% | - | - | - |
| Cost of Goods Sold | 5.46M | -629.05K | 4.99M | 2.62M | 3.05M | 4.4M | 929K | 2.99M | 3.05M | 4.21M | 3.42M | 3.64M | 1.48M | 351.27K | 2.62M | 5.62M | 4.74M |
| COGS % of Revenue | 109.97% | -12.81% | 140.64% | 153.56% | 88.64% | 102.17% | 36.32% | 76.84% | 66.4% | 92.84% | 158.47% | 80.12% | 54.3% | 30.53% | 47.73% | 73.39% | 66.65% |
| Gross Profit | -494.65K | 5.54M | -1.44M | -913.81K | 390.66K | -93.37K | 1.63M | 900.63K | 1.54M | 324.7K | -1.26M | 902.76K | 1.25M | 799.15K | 2.86M | 2.04M | 2.37M |
| Gross Margin % | -9.97% | 112.81% | -40.64% | -53.56% | 11.36% | -2.17% | 63.68% | 23.16% | 33.6% | 7.16% | -58.47% | 19.88% | 45.7% | 69.47% | 52.27% | 26.61% | 33.35% |
| Gross Profit Growth % | -226.62% | 6034.35% | -188.48% | -201.46% | -74.7% | -128.76% | 228.94% | -0.24% | 23.52% | -59.37% | -144.09% | - | -38.67% | -66.34% | - | - | - |
| Operating Expenses | 2.36M | 3.47M | 7.31M | 1.28M | 2.97M | 1.29M | 1.08M | 2.07M | 1.22M | 3.74M | 647.3K | 741.25K | 853.83K | -790.87K | 2.15M | 1M | 1.76M |
| OpEx % of Revenue | 47.5% | 70.7% | 206.3% | 75.02% | 86.26% | 30.06% | 42.04% | 53.17% | 26.46% | 82.38% | 29.96% | 16.32% | 31.22% | -68.75% | 39.18% | 13.08% | 24.7% |
| Selling, General & Admin | 2.12M | 2.42M | 7.02M | 1.02M | 2.48M | 1.32M | 689.74K | 524.66K | 678.77K | 2.04M | 500.55K | 491.81K | 518.64K | -931.58K | 1.73M | 482.22K | 786.1K |
| SG&A % of Revenue | 42.79% | 49.24% | 198.13% | 59.78% | 72.09% | 30.73% | 26.97% | 13.49% | 14.77% | 45.03% | 23.17% | 10.83% | 18.96% | -80.98% | 31.5% | 6.3% | 11.04% |
| Research & Development | 233.75K | 1.08M | 289.55K | 256.18K | 462.06K | -488.9K | 340.07K | 419.59K | 512.6K | 1.29M | 99.16K | 210.1K | 300.21K | 169.69K | 383.29K | 478.87K | 864.54K |
| R&D % of Revenue | 4.71% | 22.05% | 8.17% | 15.01% | 13.44% | -11.35% | 13.3% | 10.79% | 11.15% | 28.44% | 4.59% | 4.63% | 10.98% | 14.75% | 6.99% | 6.25% | 12.15% |
| Other Operating Expenses | 0 | -28.98K | 0 | 3.92K | 25.06K | 459.7K | 45.31K | 1000K | 24.64K | 403.75K | 47.59K | 39.33K | 34.98K | -28.98K | 37.63K | 40.47K | 107.46K |
| Operating Income | -2.85M | 2.07M | -8.76M | -2.19M | -2.57M | -1.39M | 553.47K | -1.17M | 327.98K | -3.41M | -1.91M | 161.52K | 396.11K | 1.59M | 717.71K | 1.04M | 615.79K |
| Operating Margin % | -57.47% | 42.11% | -246.94% | -128.58% | -74.89% | -32.22% | 21.64% | -30.01% | 7.14% | -75.22% | -88.43% | 3.56% | 14.48% | 138.21% | 13.09% | 13.53% | 8.65% |
| Operating Income Growth % | -10.75% | 249% | -1681.88% | -87.95% | -885% | 59.3% | 128.97% | -822.68% | -17.2% | -314.52% | -366.17% | - | -61.78% | 158.21% | - | - | - |
| EBITDA | -1.78M | 1.57M | -8.59M | -2.11M | -2.33M | -1.25M | 900.5K | -1.14M | 462.8K | -3.38M | -1.48M | 271.58K | 635.13K | 2.07M | 756.39K | 1.31M | 924.87K |
| EBITDA Margin % | -35.8% | 31.97% | -242.28% | -123.61% | -67.69% | -28.96% | 35.21% | -29.4% | 10.07% | -74.55% | -68.53% | 5.98% | 23.22% | 180.12% | 13.8% | 17.09% | 12.99% |
| EBITDA Growth % | 23.66% | 225.89% | -1053.92% | -84.47% | -602.8% | 63.1% | 160.83% | -520.98% | -27.13% | -263.16% | -295.71% | - | -51.49% | 124.05% | - | - | - |
| D&A (Non-Cash Add-back) | 1.08M | -497.76K | 165.2K | 84.88K | 247.69K | 140.55K | 347.03K | 23.96K | 134.82K | 30.06K | 429.97K | 110.06K | 239.02K | 482.09K | 38.69K | 272.72K | 309.07K |
| EBIT | -2.85M | 2.07M | -8.75M | -2.19M | -2.57M | -3.87M | 550.04K | -917K | 327.98K | -2.42M | -2.9M | 161.52K | 401.87K | 1.18M | 717.71K | 1.05M | 615.79K |
| Net Interest Income | -43.93K | -42.19K | -45.98K | -67.67K | -56.06K | -71.66K | -53.48K | -77.7K | -267.95K | -1.27M | -20.68K | -853.01K | -211.03K | -131.15K | -348.62K | -87.17K | -6.51K |
| Interest Income | 0 | 573 | 4 | 11 | 0 | 120 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | 0 | 0 |
| Interest Expense | 43.94K | 42.76K | 45.99K | 67.68K | 56.06K | 71.78K | 53.48K | 77.7K | 267.95K | 1.27M | 20.68K | 853.01K | 211.03K | 131.15K | 348.62K | 87.17K | 6.51K |
| Other Income/Expense | -43.93K | -42.19K | -44.13K | -67.67K | -56.07K | -2.55M | -56.9K | 172.55K | -267.95K | -279.75K | -1.01M | -858.21K | -205.27K | -830K | -284.27K | -73.24K | -89.95K |
| Pretax Income | -2.9M | 2.03M | -8.8M | -2.26M | -2.63M | -3.94M | 496.56K | -994.7K | 60.03K | -3.69M | -2.92M | -696.7K | 190.85K | 760.03K | 433.43K | 963.28K | 525.84K |
| Pretax Margin % | -58.35% | 41.25% | -248.19% | -132.55% | -76.53% | -91.46% | 19.42% | -25.58% | 1.31% | -81.39% | -135.24% | -15.34% | 6.98% | 66.07% | 7.91% | 12.58% | 7.39% |
| Income Tax | 0 | 8.58K | 0 | 0 | 0 | -1.06K | -2 | 2.8K | 0 | 8.6K | 0 | 389 | 5.38K | 65.05K | -65.87K | 13.84K | 494.62K |
| Effective Tax Rate % | 0% | 0.42% | 0% | 0% | 0% | 0.03% | -0% | -0.28% | 0% | -0.23% | 0% | -0.06% | 2.82% | 8.56% | -15.2% | 1.44% | 94.06% |
| Net Income | -2.9M | 2.02M | -8.8M | -2.26M | -2.63M | -3.94M | 496.56K | -997.5K | 60.03K | -3.7M | -2.92M | -697.09K | 185.47K | 694.98K | 499.3K | 949.44K | 31.22K |
| Net Margin % | -58.35% | 41.07% | -248.19% | -132.55% | -76.53% | -91.44% | 19.42% | -25.65% | 1.31% | -81.58% | -135.24% | -15.35% | 6.78% | 60.41% | 9.11% | 12.4% | 0.44% |
| Net Income Growth % | -10.06% | 151.22% | -1872.04% | -126.72% | -4481.99% | -6.48% | 117% | -43.09% | -67.63% | -632.29% | -685.14% | - | -80.47% | 2126.08% | - | - | - |
| Net Income (Continuing) | -2.9M | 2.02M | -8.8M | -2.26M | -2.63M | -3.94M | 496.56K | -997.5K | 60.03K | -3.7M | -2.92M | -697.09K | 185.47K | 694.98K | 499.3K | 949.44K | 31.22K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.06 | 0.09 | -0.07 | -0.02 | -0.03 | -0.15 | 0.02 | -0.04 | 0.00 | -0.17 | -0.14 | -0.03 | 0.01 | 0.03 | 0.01 | 0.04 | 0.00 |
| EPS Growth % | -131.88% | 158.67% | -443.14% | 45.52% | - | 11.76% | 114.57% | -24.64% | - | -662.91% | - | - | -80.39% | - | - | - | - |
| EPS (Basic) | -0.06 | 0.09 | -0.07 | -0.02 | -0.03 | -0.15 | 0.02 | -0.04 | 0.00 | -0.17 | -0.14 | -0.04 | 0.01 | 0.03 | 0.01 | 0.04 | 0.00 |
| Diluted Shares Outstanding | 14.3M | 14.3M | 15.35M | 20.81M | 20.81M | 26.71M | 24.28M | 22.91M | 21.38M | 21.11M | 21.2M | 20M | 23M | 23M | 23M | 23M | 23M |
| Basic Shares Outstanding | 14.3M | 14.3M | 15.35M | 20.81M | 20.81M | 26.71M | 24.28M | 22.91M | 21.38M | 21.11M | 21.2M | 17.77M | 23M | 23M | 23M | 23M | 23M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |