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NA: financial statements from SEC — TradeAlmanac

NA

Nano Labs Ltd: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Revenue	27M	41M	78M	983M
Cost of revenue	67M	4M	182M	753M
Gross profit	−40M	2M	−103M	230M
Research and development	8M	50M	89M	132M
Selling, general and administrative	55M	7M	53M	53M
Operating expenses	−111M	15M	157M	209M
Operating income	71M	−99M	−261M	21M
Pre-tax income	126M	−120M	−254M	31M
Income tax	—	—	−17,394	—
Net income	135M	−16M	−253M	31M
Earnings per share	6.82	−1.96	−42.94	5.84
Earnings per share, diluted	6.82	−14.06	−42.94	5.84
Weighted average shares	20M	8M	6M	5M
Weighted average shares, diluted	20M	8M	6M	5M

Balance sheet

Metric	19/08/2026	18/08/2026	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Cash and equivalents	—	—	9M	5M	48M	88M	234M
Short-term investments	—	—	26M

Cash flow

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Operating cash flow	−108M	−19M	−133M	−275M
Depreciation and amortisation	11M	10M	4M	4M
Share-based compensation	73,013	55,857	718,411	9M
Capital expenditure

Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator