Northann Corp. (NCLX)

Northann Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	0.24	1.03	0.25	1.1	0.25	0.75
Short-Term Investments	0.03	0.05	0.07	0.13	0.11	-
Cash & Short-Term Investments	0.27	1.08	0.32	1.23	0.36	0.75
Cash Growth	-85.87%	237.56%	-73.95%	239.07%	-51.60%	113.43%
Accounts Receivable	3.85	3.51	3.11	2.62	1.43	1.25
Other Receivables	1.66	0.99	-	-	-	0.07
Receivables	5.51	4.5	3.11	2.62	1.43	2.23
Inventory	6.07	6.19	2	2.65	4.56	2.86
Prepaid Expenses	0.71	0.57	0.49	0.31	0.24	0.55
Restricted Cash	-	-	-	0	0	-
Total Current Assets	12.55	12.34	5.91	6.8	6.59	6.39
Property, Plant & Equipment	7.14	7.1	6.98	5.77	6.52	6.94
Other Intangible Assets	11.09	0.99	0.98	1.03	1.07	1.12
Long-Term Deferred Charges	-	-	-	-	0.22	-
Other Long-Term Assets	0.01	0.01	0.01	0.01	0.01	0.01
Total Assets	30.79	20.44	13.88	13.62	14.41	14.46

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	5.97	4.32	2.6	4.54	4.73	6.39
Short-Term Debt	1.3	1.29	6.12	6.59	5.67	4.8
Current Portion of Long-Term Debt	0.01	0.02	-	-	1.5	1.41
Current Portion of Leases	0.37	0.37	0.36	0.03	0.02	0.03
Current Income Taxes Payable	-	0.02	0.6	0.61	0.07	0.41
Current Unearned Revenue	0.67	1.35	-	1.08	0	1.67
Total Current Liabilities	8.34	7.37	9.67	12.86	11.99	14.7
Long-Term Debt	3	2.97	0.14	0.12	0.45	0.14
Long-Term Leases	1	1.09	1.47	0.06	-	0.02
Total Liabilities	12.34	11.43	11.28	13.04	12.44	14.86

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.05	0.02	0.01	0.02	0.02	0.02
Additional Paid-In Capital	53.14	41.71	15.54	6.67	0.93	-
Retained Earnings	-24.26	-21.37	-9.69	-5.31	1.82	0.89
Comprehensive Income & Other	-10.48	-11.36	-3.25	-0.8	-0.79	-1.32
Total Common Equity	18.45	9.01	2.6	0.58	1.97	-0.41
Shareholders' Equity	18.45	9.01	2.6	0.58	1.97	-0.4
Total Liabilities & Equity	30.79	20.44	13.88	13.62	14.41	14.46

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	5.7	5.74	8.07	6.8	7.64	6.39
Net Cash (Debt)	-5.43	-4.66	-7.75	-5.58	-7.28	-5.65
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.16	-0.33	-2.36	-2.20	-2.86	-2.26
Filing Date Shares Outstanding	53.73	53.73	11.93	2.67	2.5	2.5
Total Common Shares Outstanding	53.73	22.93	6.93	2.67	2.5	2.5
Working Capital	4.22	4.97	-3.76	-6.05	-5.39	-8.32
Book Value Per Share	0.34	0.39	0.37	0.22	0.79	-0.16
Tangible Book Value	7.36	8.01	1.62	-0.45	0.9	-1.53
Tangible Book Value Per Share	0.14	0.35	0.23	-0.17	0.36	-0.61
Machinery	9.23	9.1	8.63	9.11	9.25	9.59
Construction In Progress	2.36	2.13	1.26	0.96	0.97	0.38

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 25, 2026

Data Sources Report a data error