NANasdaqSemiconductors & Related DevicesFiscal year ends December 31

Nano Labs Ltd

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 13, 2026

$1.80−0.12 (-6.25%)

Close on Oct 19, 2026

Nano Labs Ltd income statement

AnnualQuarterlyTTM

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Revenue	27	41	78	983	39	2.13
Cost of Revenue	67	29	182	753	44	1.27
Gross Profit	-40	12	-103	230	-4.09	0.86
Research & Development	8.06	50	89	132	145	34
Selling, General & Admin	59	60	69	78	29	3.30
Selling & Marketing	4.72	9.14	15	24	5.12	0.11
General & Administrative	55	51	53	53	24	3.19
Advertising Expenses	0.66	0.36	1.28	11	0.99	0.11
Operating Expenses	-111	126	157	209	175	38
Operating Income	71	-114	-261	21	-179	-37
Interest Expense	17	6.91	–	–	–	–
Interest & Investment Income	0.05	0.50	0.49	2.01	3.50	0.02
Other Non-Operating Income	55	-5.28	6.42	10	3.84	-0.79
Gain (Loss) on Sale of Assets	0.10	0.01	–	–	–	–
Pretax Income	126	-120	-254	31	-175	-38
Income Tax Expense	–	–	-0.02	0	0	0.00
Net Income incl. Noncontrolling Interests	126	-120	-254	31	-175	-38
Minority Interest in Earnings	-9.52	-6.35	-1.53	–	–	–
Net Income	135	-113	-253	31	-175	-38
Net Income to Common	135	-113	-253	31	–	–
EPS (Basic)(per share)	6.82	-14.06	-42.94	5.84	-38.90	-9.60
EPS (Diluted)(per share)	6.82	-14.06	-42.94	5.84	-38.90	-9.60
Shares Outstanding (Basic, Weighted)(shares)	20	8.05	5.89	5.32	4.49	3.96
Shares Outstanding (Diluted, Weighted)(shares)	20	8.05	5.89	5.33	4.49	3.96
EBITDA	82	-105	-256	25	-176	-37

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, FY2025

Gross margin: -147.3%
Operating margin: 264.4%
Net margin: 501.6%
Return on equity, FY2025: 27.7%

Financial strength

Current ratio: 1.20
Debt to equity: 0.51
Debt to assets: 27.9%
Cash to current liabilities: 5.2%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.