Nano Labs Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	27.01	40.6	78.34	983.17	39.44
Revenue Growth (YoY)	-33.47%	-48.18%	-92.03%	2392.76%	1754.58%
Cost of Revenue	66.8	18.08	121.02	568.93	16.78
Gross Profit	-39.79	22.52	-42.68	414.24	22.66
Selling, General & Admin	59.32	59.97	68.73	77.63	29.24
Research & Development	8.06	50.15	88.6	131.85	145.46
Operating Expenses	67.38	110.11	157.34	209.48	174.7
Operating Income	-107.17	-87.6	-200.02	204.76	-152.03
Interest Expense	-16.94	-8.3	-0.92	-	-0.51
Interest & Investment Income	0.05	0.5	0.49	2.01	3.5
Other Non Operating Income (Expenses)	250.01	-13.23	6.85	8.43	0.86
EBT Excluding Unusual Items	125.95	-108.62	-193.6	215.19	-148.19
Asset Writedown	-	-10.91	-60.77	-184.07	-26.75
Pretax Income	125.95	-119.54	-254.37	31.12	-174.94
Income Tax Expense	-	-	-0.02	-	-
Earnings From Continuing Operations	125.95	-119.54	-254.35	31.12	-174.94
Minority Interest in Earnings	9.52	6.35	1.53	-	-
Net Income	135.47	-113.19	-252.82	31.12	-174.94
Net Income to Common	135.47	-113.19	-252.82	31.12	-174.94
Shares Outstanding (Basic)	20	8	6	5	4
Shares Outstanding (Diluted)	20	8	6	5	4
Shares Change (YoY)	146.75%	36.70%	10.46%	18.62%	13.41%
EPS (Basic)	6.82	-14.06	-42.94	5.84	-38.93
EPS (Diluted)	6.82	-14.06	-42.94	5.84	-38.93
Free Cash Flow	-108.32	-175.7	-238.96	-292.47	63.04
Free Cash Flow Per Share	-5.45	-21.83	-40.58	-54.87	14.03
Gross Margin	-147.33%	55.46%	-54.48%	42.13%	57.46%
Operating Margin	-396.84%	-215.78%	-255.34%	20.83%	-385.47%
Profit Margin	501.60%	-278.81%	-322.75%	3.16%	-443.56%
Free Cash Flow Margin	-401.07%	-432.79%	-305.04%	-29.75%	159.83%
EBITDA	-96.21	-77.94	-195.59	208.69	-149.42
EBITDA Margin	-	-191.99%	-249.69%	21.23%	-
D&A For EBITDA	10.96	9.66	4.42	3.93	2.61
EBIT	-107.17	-87.6	-200.02	204.76	-152.03
EBIT Margin	-	-215.78%	-255.33%	20.83%	-
Revenue as Reported	-	-	-	-	39.44

Updated Sep 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q