Northann Corp.
Financial highlights
| Metric | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | $15.3M | $14.0M | $21.0M | — |
| Cost of revenue | $11.4M | $12.7M | $15.2M | — |
| Gross profit | $4.0M | $1.2M | $5.8M | — |
| Research and development | $783,356 | $1.9M | $1.5M | — |
| Operating expenses | $5.7M | $6.0M | $3.7M | — |
| Operating income | -$1.7M | -$4.8M | $2.1M | — |
| Interest expense | $470,900 | $1.7M | $366,881 | — |
| Pretax income | -$4.4M | -$7.1M | $1.1M | — |
| Income tax expense | $1,733 | $14,361 | $126,984 | — |
| Net income | -$4.4M | -$7.1M | $929,059 | — |
| Balance Sheet | ||||
| Current assets | $5.9M | $6.8M | $6.6M | — |
| Total assets | $13.9M | $13.6M | $14.4M | — |
| Current liabilities | $9.7M | $12.9M | $12.0M | — |
| Total liabilities | $11.3M | $13.0M | $12.4M | — |
| Stockholders' equity | $2.6M | $582,612 | $2.0M | -$402,997 |
| Cash Flow Statement | ||||
| Cash from operations | -$1.2M | -$4.7M | -$3.4M | — |
| Depreciation and amortization | $645,493 | $680,166 | $598,144 | — |
| Stock-based compensation | $2.0M | $0 | — | — |
| Impairments | $2.5M | $0 | $0 | — |
Shares outstanding 53.7M · Free float 8.8%
Annual filing data through FY ended December 31, 2024; float as of July 16, 2026.