Nano Labs Ltd income statement

In fiscal 2025, Nano Labs Ltd reported revenue of $3.8m, down 33.4% on the year before, operating income of $9.9m (a 264.4% margin) and net income of $18.8m, or $0.95 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Nano Labs Ltd: income statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	0	6	146	11	6	4
Cost of revenue	0	7	112	26	4	9
Gross profit	0	−1	34	−15	2	−6
Research and development	5	23	20	13	7	1
Selling and marketing	0	1	4	2	1	1
General and administrative	0	4	8	8	7	8
Operating income	−5	−28	3	−37	−16	10
Interest expense	—	—	—	—	1	2
Income before tax	−5	−27	5	−36	−17	18
Income tax	0	0	0	−0	—	—
Net income	−5	−27	5	−36	−16	19
Diluted EPS	−$0.70	−$6.03	$0.87	−$6.07	−$1.95	$0.95
Diluted shares (average)	8m	4m	5m	6m	8m	20m
EBITDA	−5	−27	4	−36	−15	11

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Nano Labs Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Nano Labs Ltd.