For the quarter ending 2025-09-30, NCL made $3,545,412 in revenue. -$8,879,499 in net income. Net profit margin of -250.45%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Revenue | 3,545,412 | 1,706,221 | 3,437,727 | 4,451,688 |
| Cost of revenue | 4,986,401 | 2,620,029 | 3,047,069 | 3,726,380 |
| Gross profit | -1,440,989 | -913,808 | 390,658 | 725,308 |
| Selling | 6,362,313 | 243,479 | 1,021,999 | 362,601.5 |
| General and administrative | 662,331 | 780,428 | 1,481,255 | 880,937 |
| Research and development | 289,545 | 256,176 | 462,062 | 11,848 |
| Total operating expenses | 7,314,189 | 1,280,083 | 2,965,315 | 1,255,386.5 |
| Income (loss) from operations | -8,755,178 | -2,193,891 | -2,574,658 | -530,078.5 |
| Interest income | 4 | 11 | - | - |
| Interest expense | 45,988 | 67,678 | 56,056 | 169,864 |
| Impairment loss on goodwill | - | - | - | 3,009.583 |
| Amortization of debt discounts | - | - | - | 0 |
| Other income | 1,849 | 0 | - | 18,718.667 |
| Other expenses | 0 | 0 | 15 | 8,092.75 |
| Interest income | - | - | - | -30 |
| Total other income (expense) | -44,135 | -67,667 | -56,070 | -1,409,926 |
| Income (loss) before taxes | -8,799,313 | -2,261,558 | -2,630,729 | -1,940,004.5 |
| Income tax expense | 0 | 0 | 0 | -532 |
| Net income (loss) | -8,799,313 | -2,261,558 | -2,630,729 | -1,939,472.5 |
| Foreign currency translation adjustment | -80,186 | 1,522,347 | - | 914,104.5 |
| Total comprehensive income (loss) | -8,879,499 | -739,211 | - | -1,025,368 |
| Earnings per share, basic | -0.07 | -0.02 | -0.028 | -0.075 |
| Earnings per share, diluted | -0.07 | -0.02 | -0.028 | -0.075 |
| Weighted average number of shares outstanding, basic | 122,826,901 | 95,464,000 | 95,464,000 | -10,460,324.5 |
| Weighted average number of shares outstanding, diluted | 122,826,901 | 95,464,000 | 95,464,000 | -10,460,324.5 |
Northann Corp. (NCL)
Northann Corp. (NCL)