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10-Q

Quarterly Report

Northann Corp. NCL

0001575872-25-000691

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Filed
Nov 14, 2025 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Diluted Q3 2025 · Sep 30, 2025 122.83M sh
Shares Diluted Q3 2025 · Sep 30, 2025 91.65M sh
Shares Diluted Q3 2025 · Sep 30, 2024 24.28M sh
Shares Diluted Q3 2025 · Sep 30, 2024 22.86M sh
Operating Cash Flow Q3 2025 · Sep 30, 2025 −$3.85M
Operating Cash Flow Q3 2025 · Sep 30, 2024 $345.4K
Cash And Equivalents Q3 2025 · Sep 30, 2025 $40.88K
Cash And Equivalents Q3 2025 · Dec 31, 2024 $245.16K
Stockholders Equity Q3 2025 · Sep 30, 2025 $1.84M
Stockholders Equity Q3 2025 · Jun 30, 2025 $4.38M
Stockholders Equity Q3 2025 · Dec 31, 2024 $2.6M
Stockholders Equity Q3 2025 · Sep 30, 2024 $1.39M
Stockholders Equity Q3 2025 · Jun 30, 2024 $969K
Stockholders Equity Q3 2025 · Dec 31, 2023 $582.61K
Current Liabilities Q3 2025 · Sep 30, 2025 $9M
Current Liabilities Q3 2025 · Dec 31, 2024 $9.67M
Total Liabilities Q3 2025 · Sep 30, 2025 $13.11M
Total Liabilities Q3 2025 · Dec 31, 2024 $11.28M
Current Assets Q3 2025 · Sep 30, 2025 $6.57M
Current Assets Q3 2025 · Dec 31, 2024 $5.91M
Total Assets Q3 2025 · Sep 30, 2025 $14.95M
Total Assets Q3 2025 · Dec 31, 2024 $13.88M
Eps Diluted Q3 2025 · Sep 30, 2025 −$0.07
Eps Diluted Q3 2025 · Sep 30, 2025 −$0.15
Eps Diluted Q3 2025 · Sep 30, 2024 $0.02
Eps Diluted Q3 2025 · Sep 30, 2024 −$0.02
Eps Basic Q3 2025 · Sep 30, 2025 −$0.07
Eps Basic Q3 2025 · Sep 30, 2025 −$0.15
Eps Basic Q3 2025 · Sep 30, 2024 $0.02
Eps Basic Q3 2025 · Sep 30, 2024 −$0.02
Sga Expense Q3 2025 · Sep 30, 2025 $662.33K
Sga Expense Q3 2025 · Sep 30, 2025 $2.65M
Sga Expense Q3 2025 · Sep 30, 2024 $575.68K
Sga Expense Q3 2025 · Sep 30, 2024 $2.52M
Rd Expense Q3 2025 · Sep 30, 2025 $289.55K
Rd Expense Q3 2025 · Sep 30, 2025 $1.01M
Rd Expense Q3 2025 · Sep 30, 2024 $340.07K
Rd Expense Q3 2025 · Sep 30, 2024 $1.27M
Net Income Q3 2025 · Sep 30, 2025 −$8.8M
Net Income Q3 2025 · Sep 30, 2025 −$13.69M
Net Income Q3 2025 · Jun 30, 2025 −$4.89M
Net Income Q3 2025 · Sep 30, 2024 $496.57K
Net Income Q3 2025 · Sep 30, 2024 −$440.9K
Net Income Q3 2025 · Jun 30, 2024 −$937.46K
Operating Income Q3 2025 · Sep 30, 2025 −$8.76M
Operating Income Q3 2025 · Sep 30, 2025 −$13.52M
Operating Income Q3 2025 · Sep 30, 2024 $553.47K
Operating Income Q3 2025 · Sep 30, 2024 −$285.8K
Gross Profit Q3 2025 · Sep 30, 2025 −$1.44M
Gross Profit Q3 2025 · Sep 30, 2025 −$1.96M
Gross Profit Q3 2025 · Sep 30, 2024 $1.63M
Gross Profit Q3 2025 · Sep 30, 2024 $4.07M
Cost Of Revenue Q3 2025 · Sep 30, 2025 $4.99M
Cost Of Revenue Q3 2025 · Sep 30, 2025 $10.65M
Cost Of Revenue Q3 2025 · Sep 30, 2024 $929K
Cost Of Revenue Q3 2025 · Sep 30, 2024 $6.97M
Revenue Q3 2025 · Sep 30, 2025 $3.55M
Revenue Q3 2025 · Sep 30, 2025 $8.69M
Revenue Q3 2025 · Sep 30, 2024 $2.56M
Revenue Q3 2025 · Sep 30, 2024 $11.04M