Stocks Technology NA
NASDAQ · TechnologyNano Labs Ltd (NA)
Nano Labs Ltd reported revenue of $3.8M in fiscal 2025, down 32.0% from a year earlier. Net income was $19.3M, a net margin of 501.6%. In fiscal 2025 capital spending exceeded operating cash flow by $15.4M. At December 31, 2025 it held $1.2M in cash against $25.3M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 13, 2026.
Key facts about Nano Labs Ltd
- Net worth
- Nano Labs Ltd has a market value (market cap) of $32.3M at the latest share price, and shareholders' equity of $106.5M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations used $15.4M of cash.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 13, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Nano Labs Ltd does
Nano Labs Ltd is registered with the SEC under industry code SIC 3674 (Semiconductors & Related Devices). Its shares trade on NASDAQ under the ticker NA.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $3.8M | $19.3M | $0.97 | -$15.4M |
| 2024 | $5.6M | -$15.7M | -$1.96 | -$24.4M |
| 2023 | $11.1M | -$35.7M | -$0.61 | -$33.7M |
| 2022 | $141.2M | $4.5M | $0.04 | -$42M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NA ranks in Technology
Latest SEC filings
What Nano Labs Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 15, 2026
- August 31, 2026
- August 28, 2026
- August 5, 2026
- April 24, 2026
- April 13, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue fell 32% to $3.8M versus the prior year; diluted EPS $0.97 versus -$1.96.
- March 30, 2026
- March 6, 2026
- December 31, 2025
- December 30, 2025
Insider trades
What the people running Nano Labs Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $25.2K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 1, 2026 | Hu NanDirector | Sold | 1,000 | $2.3K |
| September 1, 2026 | Hu NanDirector | Sold | 1,000 | $2.3K |
| September 1, 2026 | Hu NanDirector | Sold | 1,000 | $2.3K |
| September 1, 2026 | Hu NanDirector | Sold | 1,000 | $2.3K |
| September 1, 2026 | Hu NanDirector | Sold | 1,000 | $2.3K |
| September 1, 2026 | Hu NanDirector | Sold | 3,000 | $6.8K |
| September 1, 2026 | Hu NanDirector | Sold | 3,165 | $7K |
| April 28, 2026 | Hu NanDirector | Sold | 46 | $92.5 |
Who owns NA
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Qifeng Sun13D, may seek influence with 3 related filers | 22.9% | September 25, 2024 |
| Jianping Kong13D, may seek influence with 6 related filers | 21.2% | November 26, 2025 |
| FENBUSHI Inc13G, passive with 1 related filers | 9.8% | January 2, 2025 |
| Golden Forest Management Limited13G, passive with 2 related filers | 9.6% | December 23, 2024 |
| Longling Capital Ltd13G, passive with 1 related filers | 9.6% | December 23, 2024 |
| CVI Investments, Inc.13G, passive with 1 related filers | 8.1% | November 7, 2025 |
| Kenneth Griffin13G, passive with 6 related filers | 6.2% | November 14, 2025 |
Largest institutional holders
Insiders
1 insiders reported holding 27,651 shares in total, about $38.5K at the last price.
| Holder | Shares |
|---|---|
| Hu NanDirector | 27,651 |
Questions about NA
What does Nano Labs Ltd do?
Nano Labs Ltd is a company in the Technology sector, listed on NASDAQ as NA. Its shares trade on NASDAQ under the ticker NA.
What is Nano Labs Ltd's net worth?
Nano Labs Ltd has a market value (market cap) of $32.3M at the latest share price, and shareholders' equity of $106.5M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Nano Labs Ltd profitable?
Yes. In fiscal 2025 it reported net income of $19.3M on revenue of $3.8M, a net margin of 501.6%.
How much revenue does Nano Labs Ltd make?
In fiscal 2025 Nano Labs Ltd reported revenue of $3.8M. That is 32.0% less than a year earlier.
When did Nano Labs Ltd last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 13, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from September 15, 2026.
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Where the numbers come from
Financial figures are the values Nano Labs Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.