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NANano Labs Ltd
$1.81$122M
Overview & Verdict
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NA logoNano Labs Ltd(NA)Earnings, Financials & Key Ratios

NA•NASDAQ
$1.81
Price updated Jul 7, 2026
SectorTechnologyIndustrySemiconductorsSub-IndustryCompute Processors and AI Accelerators
AboutNano Labs Ltd operates as a fabless integrated circuit design company and product solution provider in the People's Republic of China and internationally. The company develops high throughput computing and high-performance computing chips. It also offers distributed computing and storage solutions, smart network interface cards, and vision computing chips, as well as distributed rendering technology. In addition, the company engages in the research and development of software. Its customers include enterprises and individual buyers. The company was incorporated in 2019 and is headquartered in Hangzhou, the People's Republic of China.Show more
  • Revenue$41M-48.2%
  • EBITDA-$87M+65.3%
  • Net Income-$113M+55.2%
  • EPS (Diluted)-1.67+61.1%
  • Gross Margin28.58%+121.6%
  • EBITDA Margin-214.01%+33.1%
  • Operating Margin-242.66%+27.1%
  • Net Margin-278.81%+13.6%
  • ROE-104.49%+69.4%

NA Price & Volume

Nano Labs Ltd (NA) stock price & volume — 10-year historical chart

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Persistent Revenue Contraction Masks Deep Structural Insolvency

Investment Thesis • Updated 2025Q2

VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Existential liquidity and insolvency

Key Thesis Takeaways

  • Nano Labs faces an existential crisis characterized by a 66.5% year-over-year revenue decline and a gross margin of -129.3% in 2025Q2, indicating that its core ASIC hardware business lacks market viability.
  • The company's reliance on external financing to offset a $572.3M accumulated deficit suggests that current operations are fundamentally unsustainable.
  • Investors should remain cautious as the firm's attempt to pivot its product strategy has yet to yield positive free cash flow, which remained at -$25.7M in the most recent quarter.

Verdict Logic

the company's fundamental instability is underscored by a TTM net margin of -278.81% and a reliance on debt-fueled financing to sustain operations despite a 66.5% revenue contraction.

NA Growth Metrics

Nano Labs Ltd (NA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years0.97%
TTM-52.49%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM64.46%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-130.94%

Return on Capital

10 Years-63.89%
5 Years-63.89%
3 Years-63.89%
Last Year-38.31%

NA Recent Earnings

Nano Labs Ltd (NA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
Q3 2025Latest
Aug 15, 2025
Metric
Actual
Est
EPS
$0.03
—
Rev
$577,558
—
Q4 2024
Sep 18, 2024
Metric
Actual
Est
EPS
$0.06
—
Rev
$2M
—
Q3 2024
Aug 21, 2024
Metric
Actual
Est
EPS
$0.06
—
Rev
$2M
—
Q2 2024
Mar 18, 2024
Metric
Actual
Est
EPS
$0.68
—
Rev
$2M
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q3 2025LatestAug 15, 2025
$0.03
$577,558
Q4 2024Sep 18, 2024
$0.06
$2M
Q3 2024Aug 21, 2024
$0.06
$2M
Q2 2024Mar 18, 2024
$0.68
$2M
Based on last 12 quarters of dataView full earnings history →

Latest NA News

Recent stock market news and headlines for Nano Labs Ltd (NA)

GlobeNewsWire·Jun 22, 2026
THEON receives new orders of c.€70 million and continues acceleration on all fronts

PRESS RELEASE Bloomberg (THEON:NA) / Reuters (THEON.AS) 22 June 2026 – THEON International Plc is pleased to announce total new order intake of approximately €70 million. A significant part of this new order intake comes from Rheinmetall for the Bundeswehr's Future Soldier program (Infanterist der Zukunft - IdZ), with a mix of a new firm order and exercised option for various products of it's A.R.M.E.D ecosystem portfolio.

GlobeNewsWire·Jun 17, 2026
THEON Enters into Exclusivity Agreement for the Acquisition of HGH Systèmes Infrarouges, Accelerating Expansion into Multi-Domain ISR & Counter-UAS Solutions

PRESS RELEASE Bloomberg (THEON:NA) / Reuters (THEON.AS) 17 June 2026 –  Theon International Plc (THEON)  announces that it has entered into an exclusivity agreement with Carlyle for the acquisition of SAS Stéropès, the holding company of SAS HGH Systèmes Infrarouges (HGH) for an enterprise value of approximately €300 million.  HGH designs, develops, assembles and markets electro-optical and infrared solutions systems for Defense and Civil applications.

Peers Comparison

Key metrics vs top competitors for Nano Labs Ltd (NA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NA logoNANano Labs LtdCurrent
$1.81$122.48M-7.36-48.18%-278.81%-104.49%—
MARA logoMARAMarathon Digital Holdings, Inc.
$12.05$4.59B-3.2738.2%-234.83%-51.65%—
RIOT logoRIOTRiot Platforms, Inc.
$21.17$8.03B-10.8671.89%-132.76%-28.78%—
CLSK logoCLSKCleanSpark, Inc.
$12.48$3.2B11.14102.21%-67.66%-29.93%—
HUT logoHUTHut 8 Corp.
$96.74$10.89B-45.21-90.71%—-17.66%—
CIFR logoCIFRCipher Mining Inc.
$20.47$8.31B-9.5248.04%-512.96%-115.53%—

Compare NA vs Peers

Nano Labs Ltd (NA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MARA

Most directly comparable listed peer for NA.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare NA against a more recognizable public peer.

Peer Set

Compare Top 5

vs MARA, RIOT, CLSK, HUT

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NA Frequently Asked Questions

Nano Labs Ltd (NA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Nano Labs Ltd's revenue?

Nano Labs Ltd (NA) reported $24.1M in revenue for fiscal year 2024.

How fast is Nano Labs Ltd growing?

Nano Labs Ltd (NA) saw revenue decline by 48.2% over the past year.

Is NA profitable?

Nano Labs Ltd (NA) reported a net loss of $63.0M for fiscal year 2024.

Dividend & Returns
What is NA's return on equity?

Nano Labs Ltd (NA) has a return on equity (ROE) of -104.5%. Negative ROE indicates the company is unprofitable.

What is Nano Labs Ltd's free cash flow?

Nano Labs Ltd (NA) had negative free cash flow of $117.4M in fiscal year 2024, likely due to heavy capital investments.

What if you invested $1,000 in NA back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

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