Northann Corp. 1Q 2026: Revenue $4.96M, Net income $(2.90M) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Northann Corp. reported Q1 2026 revenue of $4.96M, a 44.3% increase from $3.44M in Q1 2025, driven by new retail rollouts. However, the company recorded a net loss of $(2.90M), slightly worse than the $(2.63M) loss in the prior year. The growth was supported by the launch of SuperOak 3D-printed flooring in major retail chains, despite margin pressures from launch-related costs.
Northann Corp. reported first-quarter 2026 results with revenue rising to $4.96M driven by new retail rollouts, while the company recorded a net loss of $(2.90M), slightly larger than the prior-year loss.
Financial Highlights
- Revenue: $4.96M for Q1 2026, up from $3.44M in Q1 2025 (44.3% YoY).
- Net income: Net loss of $(2.90M) for Q1 2026, versus net loss of $(2.63M) in Q1 2025 (worse YoY).
Business Highlights
- Revenue growth was driven by new major retail rollouts, including the launch of SuperOak 3D-printed flooring into multiple U.S. national retail chains and a $2.0M Midwest purchase order.
- SuperOak's acceptance by major retailers and continued Benchwick sales indicate growing traction in the retail channel.
- Launch-related costs — vendor setup, listing fees, inbound freight and higher tariffs — pressured margins during the rollout period.
- R&D and IP: the company maintains a 43-patent portfolio for 3D-printing flooring; R&D spending decreased after completing its 2025 patent cycle.
Original SEC Filing: Northann Corp. [ NCL ] - 10-Q - May. 19, 2026
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