---
title: "Northann (NCL.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/NCL.US/norm.md"
symbol: "NCL.US"
name: "Northann"
parent: "https://longbridge.com/en/quote/NCL.US.md"
datetime: "2026-03-17T10:48:54.615Z"
locales:
  - [en](https://longbridge.com/en/quote/NCL.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/NCL.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/NCL.US/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/NCL.US/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/NCL.US/norm.md)


# Northann (NCL.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.5731 | -0.1895 | -0.2208 | -0.8788 | 0.1600 |
| ROE | -1132.77% | -218.49% | -323.78% | -792.09% | 169.54% |
| Revenue | 3.55M | 1.71M | 3.44M | 4.31M | 2.56M |
| Net income | -8.80M | -2.26M | -2.63M | -3.94M | 496565.00 |
| Operating income | -8.76M | -2.19M | -2.57M | -1.39M | 553465.00 |
| Gross margin | -40.64% | -53.56% | 11.36% | -2.17% | 63.68% |
| Net margin | -248.19% | -132.55% | -76.53% | -91.44% | 19.42% |
| Profit quality | - | - | - | - | 326.09% |

## Balance Sheet (USD)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 14.95M | 16.50M | 16.49M | 13.88M | 14.56M |
| Leverage | 8.11 | 3.77 | 4.22 | 5.34 | 10.48 |
| BVPS | 0.0819 | 0.3666 | 0.3273 | 0.3742 | 0.4545 |
| Turnover | 0.8808 | 0.8103 | 0.9548 | 1.12 | 1.05 |
| Cash & STI | 90808.00 | 1.13M | 1.90M | 320148.00 | 156834.00 |
| Inv & Rec | 3.48M | 3.52M | 2.34M | 2.00M | 3.81M |
| LT assets | 7.39M | 7.37M | 6.94M | 6.98M | 7.49M |
| Net debt | 6.36M | 6.24M | 5.91M | 7.75M | 9.09M |

## Cash Flow Statement (USD)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -15589.00 | -2.82M | -1.01M | -1.58M | 169728.00 |
| Investing CF | -233331.00 | -636198.00 | -149042.00 | 52432.00 | -21966.00 |
| Financing CF | -673179.00 | 1.30M | 3.15M | -110225.00 | -186802.00 |
| Free CF | 3.23M | -2.61M | -183671.00 | -254715.00 | 258820.00 |
| OCF coverage | -0.42% | -610.04% | -245.10% | -215.19% | -521.28% |
| Repaid & issued | 2.77M | -79276.00 | 79276.00 | 675940.00 | -241328.00 |
| CapEx | -233331.00 | -636198.00 | -149042.00 | 52432.00 | -21966.00 |