For the quarter ending 2026-03-31, NCL made $4,961,778 in revenue. -$2,845,660 in net income. Net profit margin of -57.35%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenue | 4,961,778 | 4,912,091 | 3,545,412 | 1,706,221 |
| Cost of revenue | 5,456,431 | -629,046 | 4,986,401 | 2,620,029 |
| Gross profit | -494,653 | 5,541,137 | -1,440,989 | -913,808 |
| Selling | 388,664 | 2,246,492 | 6,362,313 | 243,479 |
| General and administrative | 1,734,321 | 143,204 | 662,331 | 780,428 |
| Research and development | 233,754 | 1,083,052 | 289,545 | 256,176 |
| Total operating expenses | 2,356,739 | 3,472,749 | 7,314,189 | 1,280,083 |
| Gain from operations | -2,851,392 | 2,068,389 | -8,755,178 | -2,193,891 |
| Other income | - | 14.5* | 1,849 | 0 |
| Interest income | 2 | 565.5* | 4 | 11 |
| Interest expense | 43,935 | 42,760 | 45,988 | 67,678 |
| Other expenses | 0 | 10 | 0 | 0 |
| Impairment loss in goodwill | - | 0* | - | - |
| Total other income (expense) | -43,933 | -42,190 | -44,135 | -67,667 |
| Gainbefore taxes | -2,895,325 | 2,026,200 | -8,799,313 | -2,261,558 |
| Income tax expense | 0 | 8,581 | 0 | 0 |
| Net gain | -2,895,325 | 2,017,619 | -8,799,313 | -2,261,558 |
| Foreign currency translation adjustment | 49,665 | -1,138,434 | -80,186 | 1,522,347 |
| Total comprehensive gain | -2,845,660 | 879,185 | -8,879,499 | -739,211 |
| Basic EPS | -0.064 | -0.003 | -0.07 | -0.02 |
| Diluted EPS | -0.064 | -0.003 | -0.07 | -0.02 |
| Basic Average Shares | 45,115,306 | -256,536,217 | 122,826,901 | 95,464,000 |
| Diluted Average Shares | 45,115,306 | -256,536,217 | 122,826,901 | 95,464,000 |
Northann Corp. (NCL)
Northann Corp. (NCL)