Nano Labs Ltd NA
Last close
—
Market cap
—
52-week range
— - —
No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.97
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $3.8M | $5.6M | $11.1M | $141.2M | — | — |
| Cost of revenue | $9.5M | $4.0M | $25.7M | $108.1M | — | — |
| Gross profit | -$5.7M | $1.6M | -$14.6M | $33.0M | — | — |
| R&D | $1.1M | $7.0M | $12.5M | $18.9M | — | — |
| SG&A | $7.8M | $7.1M | $7.5M | $7.6M | — | — |
| Total operating expenses | -$15.8M | $15.3M | $22.2M | $30.1M | — | — |
| Operating income | $10.2M | -$13.7M | -$36.8M | $3.0M | — | — |
| Interest expense | $2.4M | $961.7K | — | — | — | — |
| Pre-tax income | $17.9M | -$16.6M | -$35.9M | $4.5M | — | — |
| Income tax | — | — | $2.5K | $0 | — | — |
| Net income | $19.3M | -$15.7M | -$35.7M | $4.5M | — | — |
| EPS, basic | 0.97 | -1.96 | -0.61 | 0.04 | — | — |
| EPS, diluted | 0.97 | -1.96 | -0.61 | 0.04 | — | — |
| Shares, diluted (wtd. avg.) | 19.9M | 8.0M | 5.9M | 5.3M | 44.9M | 79.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $1.2M | $4.7M | $6.8M | $12.4M | $33.6M | — |
| Short-term investments | $3.7M | — | — | $0 | — | — |
| Receivables | $40.0K | $79.7K | $245.5K | — | — | — |
| Inventory | $1.9M | $4.2M | $1.8M | $14.7M | — | — |
| Total current assets | $61.3M | $51.0M | $17.7M | $41.4M | — | — |
| Property, plant and equipment | $26.0M | $27.5M | $24.0M | $3.1M | — | — |
| Other intangibles | $6.5M | $6.5M | $6.7M | $7.0M | — | — |
| Total assets | $159.3M | $85.7M | $49.5M | $52.7M | — | — |
| Accounts payable | $2.8M | $2.5M | $2.4M | $2.2M | — | — |
| Short-term debt | $980.3K | $744.3K | $481.5K | $40.2K | — | — |
| Total current liabilities | $29.3M | $29.1M | $34.2M | $26.4M | — | — |
| Long-term debt | $24.3M | $23.7M | $17.0M | — | — | — |
| Total liabilities | $53.9M | $53.3M | $51.8M | $29.1M | — | — |
| Retained earnings | -$61.1M | -$78.6M | -$63.8M | -$28.6M | — | — |
| Total equity | $106.5M | $32.1M | -$2.1M | $23.6M | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$15.4M | -$19.4M | -$18.8M | -$39.5M | — | — |
| Depreciation and amortisation | — | — | $624.4K | $564.0K | — | — |
| Stock-based compensation | $10.4K | $55.9K | $101.4K | $1.3M | — | — |
| Capital expenditure | $6.6K | $5.1M | $14.9M | $2.5M | — | — |
| Investing cash flow | -$42.1M | -$35.7M | -$14.9M | -$4.8M | — | — |
| Financing cash flow | $54.4M | $52.3M | $28.2M | $23.1M | — | — |
| Buybacks | $237.1K | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-042816.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | $141.2M | $11.1M | $5.6M | $3.8M |
| Gross profit | — | — | $33.0M | -$14.6M | $1.6M | -$5.7M |
| Net income | — | — | $4.5M | -$35.7M | -$15.7M | $19.3M |
Others in SIC 3674
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| NVDA | NVIDIA CORP | $5.08T | 43.1x | 65.5% |
| AVGO | Broadcom Inc. | $1.53T | 67.4x | 23.9% |
| MU | MICRON TECHNOLOGY INC | $991.10B | 115.6x | 48.9% |
| AMD | ADVANCED MICRO DEVICES INC | $843.65B | 195.0x | 34.3% |
| INTC | INTEL CORP | $438.63B | — | -0.5% |
| AMAT | APPLIED MATERIALS INC /DE | $299.38B | 43.6x | 4.4% |
| TXN | TEXAS INSTRUMENTS INC | $259.99B | 52.2x | 13.0% |
| MRVL | Marvell Technology, Inc. | $200.38B | 74.4x | 42.1% |