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 | 5,680,137* |
| Cost of revenue | 4,986,401 | 2,620,029 | 3,047,069 | 5,494,126* |
| Gross profit | -1,440,989 | -913,808 | 390,658 | 186,011* |
| Selling | 6,362,313 | 243,479 | 1,021,999 | 551,988* |
| General and administrative | 662,331 | 780,428 | 1,481,255 | 743,422.5* |
| Research and development | 289,545 | 256,176 | 462,062 | -356,134* |
| Total operating expenses | 7,314,189 | 1,280,083 | 2,965,315 | 939,276.5* |
| Income (loss) from operations | -8,755,178 | -2,193,891 | -2,574,658 | -753,265.5* |
| Interest income | 4 | 11 | - | - |
| Interest expense | 45,988 | 67,678 | 56,056 | 274,142* |
| Impairment loss on goodwill | - | - | - | 2,151,132.25* |
| Amortization of debt discounts | - | - | - | 0* |
| Other income | 1,849 | 0 | - | -444,340* |
| Other expenses | 0 | 0 | 15 | 8,092.75* |
| Interest income | - | - | - | -30* |
| Total other income (expense) | -44,135 | -67,667 | -56,070 | -2,877,677* |
| Income (loss) before taxes | -8,799,313 | -2,261,558 | -2,630,729 | -3,630,942.5* |
| Income tax expense | 0 | 0 | 0 | -2,462.5* |
| Net income (loss) | -8,799,313 | -2,261,558 | -2,630,729 | -3,628,480* |
| Foreign currency translation adjustment | -80,186 | 1,522,347 | - | 1,830,587* |
| Total comprehensive income (loss) | -8,879,499 | -739,211 | - | -1,797,893 |
| Basic EPS | -0.07 | -0.02 | -0.028 | -0.057 |
| Diluted EPS | -0.07 | -0.02 | -0.028 | -0.057 |
| Basic Average Shares | 122,826,901 | 95,464,000 | 95,464,000 | 31,615,331 |
| Diluted Average Shares | 122,826,901 | 95,464,000 | 95,464,000 | 31,615,331 |
Northann Corp. (NCL)
Northann Corp. (NCL)