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Nano Labs (NA) Financials

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$1.93 +0.01 (+0.52%)
Closing price 07/24/2026 03:58 PM Eastern
Extended Trading
$1.83 -0.10 (-5.18%)
As of 07/24/2026 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for Nano Labs

Annual Income Statements for Nano Labs

This table shows Nano Labs' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-5.80 -27 4.51 -36 -16 19
Consolidated Net Income / (Loss)
-5.80 -27 4.51 -36 -16 18
Net Income / (Loss) Continuing Operations
-5.80 -27 4.51 -36 -16 18
Total Pre-Tax Income
-5.80 -27 4.51 -36 -16 18
Total Operating Income
-5.68 -28 3.00 -37 -16 10
Total Gross Profit
0.13 -0.64 33 -15 1.59 -5.69
Total Revenue
0.33 6.19 143 11 5.56 3.86
Operating Revenue
0.33 6.19 143 11 5.56 3.86
Total Cost of Revenue
0.20 6.83 109 26 3.97 9.55
Operating Cost of Revenue
0.20 6.83 109 26 3.97 9.55
Total Operating Expenses
5.81 27 30 22 17 -16
Selling, General & Admin Expense
0.49 3.79 7.71 7.52 6.96 7.81
Marketing Expense
0.02 0.80 3.54 2.16 1.25 0.67
Research & Development Expense
5.30 23 19 12 6.87 1.15
Other Operating Expenses / (Income)
- - - 0.00 2.16 -26
Total Other Income / (Expense), net
-0.12 0.60 1.51 0.90 -0.72 7.80
Interest Expense
- - 0.00 0.00 0.95 2.42
Interest & Investment Income
0.00 0.55 0.29 0.07 0.07 0.01
Other Income / (Expense), net
-0.12 0.05 1.22 0.83 0.15 10
Income Tax Expense
0.00 0.00 0.00 -0.00 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest
- 0.00 0.00 -0.22 -0.87 -1.36
Basic Earnings per Share
($0.48) ($0.61) $0.85 ($6.05) ($1.93) $0.98
Weighted Average Basic Shares Outstanding
79.25M 44.94M 5.32M 5.89M 8.05M 19.86M
Diluted Earnings per Share
($0.48) ($0.61) $0.85 ($6.05) ($1.93) $0.98
Weighted Average Diluted Shares Outstanding
79.25M 44.94M 5.33M 5.89M 8.05M 19.86M
Weighted Average Basic & Diluted Shares Outstanding
- - 111.50M 65.83M 15.67M 23.50M

Quarterly Income Statements for Nano Labs

No quarterly income statements for Nano Labs are available.


Annual Cash Flow Statements for Nano Labs

This table details how cash moves in and out of Nano Labs' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
3.80 31 -21 -5.51 -2.16 -3.16
Net Cash From Operating Activities
-0.47 11 -40 -19 -19 -15
Net Cash From Continuing Operating Activities
-0.47 11 -40 -19 -19 -15
Net Income / (Loss) Continuing Operations
-5.80 -27 4.51 -36 -16 18
Consolidated Net Income / (Loss)
-5.80 -27 4.51 -36 -16 18
Depreciation Expense
0.05 0.41 0.57 0.62 1.32 1.57
Amortization Expense
0.04 0.46 0.80 0.81 0.27 0.17
Non-Cash Adjustments To Reconcile Net Income
6.96 138 -87 8.68 2.46 -24
Changes in Operating Assets and Liabilities, net
-1.72 -100 41 6.92 -6.76 -11
Net Cash From Investing Activities
-0.25 -5.66 -4.81 -15 -35 -42
Net Cash From Continuing Investing Activities
-0.25 -5.66 -4.81 -15 -35 -42
Purchase of Property, Plant & Equipment
-0.14 -1.28 -2.54 -15 -4.98 -0.01
Purchase of Investments
-0.35 -5.08 - 0.00 - -0.29
Sale of Property, Plant & Equipment
- - 0.00 0.00 0.00 0.26
Other Investing Activities, net
- - - 0.00 -30 -42
Net Cash From Financing Activities
4.52 26 23 28 52 55
Net Cash From Continuing Financing Activities
4.52 26 23 28 52 55
Repayment of Debt
-0.14 -5.70 -0.02 -0.22 -23 -3.34
Repurchase of Common Equity
- - - 0.00 0.00 -0.24
Issuance of Debt
4.65 0.00 2.48 18 30 7.17
Issuance of Common Equity
0.00 32 21 10 43 51
Other Financing Activities, net
0.00 0.01 0.00 0.00 1.37 0.04
Cash Interest Paid
0.00 0.00 0.03 0.53 1.27 1.51
Cash Income Taxes Paid
0.00 0.04 0.01 0.00 0.00 0.00

Quarterly Cash Flow Statements for Nano Labs

No quarterly cash flow statements for Nano Labs are available.


Annual Balance Sheets for Nano Labs

This table presents Nano Labs' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
143 53 49 84 160
Total Current Assets
140 42 18 46 62
Cash & Equivalents
37 13 6.78 4.44 1.22
Restricted Cash
0.00 0.01 0.06 0.06 0.19
Short-Term Investments
5.00 - - 0.00 3.75
Accounts Receivable
- 0.00 0.24 0.08 0.04
Inventories, net
34 15 1.81 4.09 1.96
Prepaid Expenses
58 10 3.43 0.63 1.08
Other Current Assets
6.51 3.95 5.34 37 53
Plant, Property, & Equipment, net
1.14 3.11 24 27 26
Total Noncurrent Assets
1.44 8.29 7.77 11 72
Long-Term Investments
- - - 0.00 0.29
Noncurrent Note & Lease Receivables
- - - 3.97 4.35
Intangible Assets
0.00 7.06 6.72 6.40 6.54
Other Noncurrent Operating Assets
1.44 1.22 1.05 0.71 61
Total Liabilities & Shareholders' Equity
143 53 49 84 160
Total Liabilities
147 29 52 52 54
Total Current Liabilities
146 27 34 29 29
Short-Term Debt
0.00 0.04 3.30 3.20 8.84
Accounts Payable
0.45 2.22 2.38 2.48 2.78
Other Current Liabilities
1.91 24 28 23 7.93
Total Noncurrent Liabilities
0.33 2.78 17 24 35
Long-Term Debt
- 2.42 17 23 24
Noncurrent Deferred Revenue
- - - - 9.91
Other Noncurrent Operating Liabilities
0.33 0.36 0.53 0.40 0.24
Total Equity & Noncontrolling Interests
-3.87 24 -2.29 32 106
Total Preferred & Common Equity
-3.87 24 -2.08 32 107
Total Common Equity
-3.87 24 -2.08 32 107
Common Stock
32 51 60 107 169
Retained Earnings
-35 -29 -64 -77 -61
Treasury Stock
- - - 0.00 -0.24
Accumulated Other Comprehensive Income / (Loss)
-0.39 0.30 0.32 1.18 -1.07
Other Equity Adjustments
0.00 0.96 0.94 0.91 0.95
Noncontrolling Interest
- 0.00 -0.22 0.29 -1.06

Quarterly Balance Sheets for Nano Labs

No quarterly balance sheets for Nano Labs are available.


Annual Metrics And Ratios for Nano Labs

This table displays calculated financial ratios and metrics derived from Nano Labs' official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
0.00 0.00 111,496,668.00 111,496,668.00 131,662,874.00 131,662,874.00
DEI Adjusted Shares Outstanding
0.00 0.00 11,149,667.00 11,149,667.00 13,166,287.00 13,166,287.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 0.00 0.40 -3.19 -1.18 1.47
Growth Metrics
- - - - - -
Revenue Growth
0.00% 1,792.16% 2,203.17% -92.26% -49.59% -30.56%
EBITDA Growth
0.00% -375.60% 120.60% -716.65% 59.65% 259.40%
EBIT Growth
0.00% -382.70% 115.07% -950.41% 56.82% 231.79%
NOPAT Growth
0.00% -394.12% 115.27% -957.36% 57.38% 193.17%
Net Income Growth
0.00% -373.40% 116.43% -894.02% 54.29% 209.97%
EPS Growth
0.00% -27.17% 116.43% -894.02% 68.15% 150.63%
Operating Cash Flow Growth
0.00% 2,517.07% -454.13% 52.84% -1.54% 18.89%
Free Cash Flow Firm Growth
0.00% 0.00% -316.45% 58.57% -131.52% -29.23%
Invested Capital Growth
0.00% 0.00% 129.75% -18.11% 386.29% 147.80%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics
- - - - - -
Gross Margin
40.26% -10.37% 23.41% -132.06% 28.58% -147.33%
EBITDA Margin
-1,744.18% -438.40% 3.92% -312.35% -250.02% 573.94%
Operating Margin
-1,735.85% -453.30% 2.10% -332.91% -281.45% 264.35%
EBIT Margin
-1,773.47% -452.42% 2.96% -325.34% -278.67% 528.90%
Profit (Net Income) Margin
-1,772.91% -443.56% 3.17% -324.70% -294.46% 466.36%
Tax Burden Percent
100.01% 100.00% 100.00% 99.99% 100.00% 100.00%
Interest Burden Percent
99.96% 98.04% 106.89% 99.81% 105.67% 88.17%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% -208.53% -33.67% 10.87%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% -858.38% -64.22% 42.13%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% -123.99% -76.92% 15.26%
Return on Equity (ROE)
0.00% 709.38% 45.19% -332.52% -110.59% 26.13%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% -414.01% -188.62% -165.44% -74.12%
Operating Return on Assets (OROA)
0.00% -19.61% 4.31% -69.98% -23.18% 16.71%
Return on Assets (ROA)
0.00% -19.23% 4.60% -69.84% -24.49% 14.73%
Return on Common Equity (ROCE)
0.00% 709.38% 45.19% -335.84% -110.31% 26.27%
Return on Equity Simple (ROE_SIMPLE)
0.00% 709.38% 18.93% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
-3.97 -20 3.00 -26 -11 10
NOPAT Margin
-1,215.10% -317.31% 2.10% -233.04% -197.01% 264.35%
Net Nonoperating Expense Percent (NNEP)
0.00% -37.48% 5.82% 649.85% 30.56% -31.25%
Return On Investment Capital (ROIC_SIMPLE)
- - 11.40% -143.28% -18.73% 7.33%
Cost of Revenue to Revenue
59.74% 110.37% 76.59% 232.06% 71.42% 247.33%
SG&A Expenses to Revenue
149.86% 61.16% 5.41% 68.17% 125.22% 202.19%
R&D to Revenue
1,621.14% 368.79% 13.41% 113.11% 123.52% 29.84%
Operating Expenses to Revenue
1,776.11% 442.93% 21.31% 200.85% 310.03% -411.69%
Earnings before Interest and Taxes (EBIT)
-5.80 -28 4.22 -36 -15 20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-5.71 -27 5.59 -34 -14 22
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.85 0.00 1.86 0.19
Price to Tangible Book Value (P/TBV)
0.00 0.00 1.21 0.00 2.34 0.21
Price to Revenue (P/Rev)
62.23 3.29 0.14 0.00 10.60 5.37
Price to Earnings (P/E)
0.00 0.00 4.51 0.00 0.00 1.07
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 22.17% 0.00% 0.00% 93.42%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.74 0.00 1.51 0.36
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.07 0.00 14.62 12.30
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 1.80 0.00 0.00 2.14
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 2.39 0.00 0.00 2.33
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 3.36 0.00 0.00 4.65
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 0.00 0.10 -8.84 0.83 0.31
Long-Term Debt to Equity
0.00 0.00 0.10 -7.40 0.73 0.23
Financial Leverage
0.00 10.78 -2.60 0.14 1.20 0.36
Leverage Ratio
0.00 -36.89 9.82 4.76 4.51 1.77
Compound Leverage Factor
0.00 -36.17 10.49 4.75 4.77 1.56
Debt to Total Capital
0.00% 0.00% 9.35% 112.76% 45.45% 23.90%
Short-Term Debt to Total Capital
0.00% 0.00% 0.15% 18.37% 5.47% 6.35%
Long-Term Debt to Total Capital
0.00% 0.00% 9.19% 94.39% 39.98% 17.55%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% -1.20% 0.50% -0.76%
Common Equity to Total Capital
0.00% 100.00% 90.65% -11.56% 54.06% 76.86%
Debt to EBITDA
0.00 0.00 0.44 -0.59 -1.91 1.50
Net Debt to EBITDA
0.00 0.00 -1.84 -0.39 -1.59 1.26
Long-Term Debt to EBITDA
0.00 0.00 0.43 -0.49 -1.68 1.10
Debt to NOPAT
0.00 0.00 0.82 -0.79 -2.43 3.26
Net Debt to NOPAT
0.00 0.00 -3.43 -0.52 -2.02 2.73
Long-Term Debt to NOPAT
0.00 0.00 0.81 -0.66 -2.13 2.39
Altman Z-Score
0.00 -0.92 2.94 0.00 -0.90 0.38
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% -1.00% 0.25% -0.56%
Liquidity Ratios
- - - - - -
Current Ratio
0.00 0.96 1.57 0.52 1.61 2.09
Quick Ratio
0.00 0.29 0.48 0.21 0.16 0.17
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 26 -56 -23 -54 -70
Operating Cash Flow to CapEx
-323.23% 880.95% -1,568.30% -126.54% -383.29% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 -56.85 -28.73
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 -20.15 -6.39
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 -25.41 -6.29
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 0.04 1.45 0.22 0.08 0.03
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 34.39 65.06
Inventory Turnover
0.00 0.20 4.51 3.08 1.35 3.16
Fixed Asset Turnover
0.00 5.44 67.17 0.82 0.22 0.15
Accounts Payable Turnover
0.00 15.34 82.01 11.15 1.64 3.63
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 10.61 5.61
Days Inventory Outstanding (DIO)
0.00 1,793.28 80.87 118.55 271.31 115.59
Days Payable Outstanding (DPO)
0.00 23.79 4.45 32.75 223.15 100.45
Cash Conversion Cycle (CCC)
0.00 1,769.48 76.42 85.80 58.78 20.75
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 -46 14 11 54 134
Invested Capital Turnover
0.00 -0.27 -8.91 0.89 0.17 0.04
Increase / (Decrease) in Invested Capital
0.00 -46 59 -2.45 43 80
Enterprise Value (EV)
0.00 -21 10 0.00 81 48
Market Capitalization
20 20 20 0.00 59 21
Book Value per Share
$0.00 ($0.09) $4.48 ($0.02) $0.48 $5.39
Tangible Book Value per Share
$0.00 ($0.09) $3.15 ($0.08) $0.38 $5.06
Total Capital
0.00 -3.87 26 18 58 139
Total Debt
0.00 0.00 2.46 20 27 33
Total Long-Term Debt
0.00 0.00 2.42 17 23 24
Net Debt
0.00 -42 -10 13 22 28
Capital Expenditures (CapEx)
0.14 1.28 2.54 15 4.98 -0.26
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -48 2.53 -20 16 36
Debt-free Net Working Capital (DFNWC)
0.00 -6.11 15 -13 21 41
Net Working Capital (NWC)
0.00 -6.11 15 -16 18 32
Net Nonoperating Expense (NNE)
1.82 7.81 -1.51 10 5.42 -7.80
Net Nonoperating Obligations (NNO)
0.00 -42 -10 13 22 28
Total Depreciation and Amortization (D&A)
0.10 0.87 1.37 1.43 1.59 1.74
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -772.51% 1.77% -181.59% 292.56% 928.04%
Debt-free Net Working Capital to Revenue
0.00% -98.74% 10.71% -119.57% 373.48% 1,061.58%
Net Working Capital to Revenue
0.00% -98.74% 10.68% -149.46% 315.96% 832.60%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $2.90 $0.00 ($1.93) $0.98
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 10.65M 0.00 8.05M 19.86M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $2.90 $0.00 ($1.93) $0.98
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 10.66M 0.00 8.05M 19.86M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 11.15M 0.00 15.67M 23.50M
Normalized Net Operating Profit after Tax (NOPAT)
-3.97 -20 2.10 -26 -11 7.15
Normalized NOPAT Margin
-1,215.10% -317.31% 1.47% -233.04% -197.01% 185.05%
Pre Tax Income Margin
-1,772.80% -443.56% 3.17% -324.72% -294.46% 466.36%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 -16.36 8.43
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 -11.57 4.21
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 -21.62 8.54
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 -16.83 4.32
Payout Ratios
- - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 1.32%

Quarterly Metrics And Ratios for Nano Labs

No quarterly metrics and ratios for Nano Labs are available.



Financials Breakdown Chart

Nano Labs Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Nano Labs' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Nano Labs' net income appears to be on a downward trend, with a most recent value of $18.01 million in 2025, falling from -$5.80 million in 2020. The previous period was -$16.38 million in 2024. Check out Nano Labs' forecast to explore projected trends and price targets.

Nano Labs' total operating income in 2025 was $10.21 million, based on the following breakdown:
  • Total Gross Profit: -$5.69 million
  • Total Operating Expenses: -$15.90 million

Over the last 5 years, Nano Labs' total revenue changed from $327.09 thousand in 2020 to $3.86 million in 2025, a change of 1,080.7%.

Nano Labs' total liabilities were at $54.14 million at the end of 2025, a 3.2% increase from 2024, and a 63.1% decrease since 2021.

In the past 4 years, Nano Labs' cash and equivalents has ranged from $1.22 million in 2025 to $36.70 million in 2021, and is currently $1.22 million as of their latest financial filing in 2025.

Over the last 5 years, Nano Labs' book value per share changed from 0.00 in 2020 to 5.39 in 2025, a change of 538.9%.



Financial statements for NASDAQ:NA last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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