Northann Corp. (NCL) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | -1.4M | -1.84M | -15.59K | -2.82M | -1.01M | -1.58M | 169.73K | -122.22K | 297.9K | -3.23M | -384.59K | -167.53K | -895.44K | 1.57M | -1.64M | -964.37K | 136.86K |
| Operating CF Margin % | -28.24% | -37.37% | -0.44% | -165.25% | -29.39% | -36.65% | 6.64% | -3.14% | 6.48% | -71.25% | -17.8% | -3.69% | -32.74% | 136.63% | -29.9% | -12.59% | 1.92% |
| Operating CF Growth % | -38.66% | -16.27% | -109.18% | -2206.82% | -439.2% | 51.14% | 144.13% | 27.05% | 133.27% | -305.56% | 76.53% | - | 7.15% | 1048.49% | - | - | - |
| Net Income | -2.9M | 2.02M | -8.8M | -2.26M | -2.63M | -3.94M | 496.56K | -997.5K | 60.03K | -3.7M | -2.92M | -697.09K | 185.47K | 694.98K | 499.3K | 949.44K | 31.22K |
| Depreciation & Amortization | 1.08M | 163.94K | 165.2K | 84.88K | 247.69K | 140.55K | 347.03K | 23.09K | 134.82K | 260.48K | 199.56K | -18.89K | 239.02K | 0 | 0 | 272.72K | 309.07K |
| Stock-Based Compensation | 458.7K | 2.39M | 0 | 0 | 816.75K | 859.61K | 20.9K | 1.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 111.71K | 111.71K | 6.5M | -539.5K | 0 | 2.51M | 0 | -263.89K | 13.89K | -631.68K | 0 | 522.29K | 123.29K | -328.12K | 978.91K | 0 | 13.89K |
| Working Capital Changes | -151.28K | -6.52M | 2.12M | -103.28K | 555.82K | -1.15M | -694.77K | -45.52K | 89.15K | 839.39K | 2.34M | 26.15K | -1.44M | 1.2M | -3.12M | -2.19M | -217.32K |
| Change in Receivables | -313.08K | -1.05M | 317.04K | 837.55K | -595.37K | -1.17M | 674.75M | -8.34K | 159.55K | -1.16M | -502.6K | -46.59K | 552.09K | 1.37M | -2.17M | 1.33M | -630.61K |
| Change in Inventory | 142.45K | -2.68M | 50.77K | -1.15M | -345.34K | 1.81M | -1.16B | -202.04K | -198.32K | 3.13M | 179.12K | -155.26K | -1.23M | 714.76K | -654.62K | -1.65M | -2.01M |
| Change in Payables | 1.6M | -130.12K | -1.05M | -1.26M | 1.08M | 167.48K | -209.64M | 60.29K | -262.05K | -1.62M | -212.39K | 228.01K | -775.74K | -295.73K | 816.6K | 351.78K | 159.3K |
| Cash from Investing | -210.58K | 126.8K | -233.33K | -636.2K | -149.04K | 52.43K | -21.97K | -56.59K | -270.24K | 7.64K | -49 | 151.81K | -159.4K | -1.36M | 1.87M | -239.64K | -345.26K |
| Capital Expenditures | -210.58K | -934.28K | -233.33K | -636.2K | -149.04K | 52.43K | 326.83K | -56.59K | -270.24K | 7.64K | -49 | 136.54K | -28.4K | 0 | 0 | -91.45K | -325.51K |
| CapEx % of Revenue | 4.24% | 19.02% | 6.58% | 37.29% | 4.34% | 1.22% | 12.78% | 1.46% | 5.88% | 0.17% | 0% | 3.01% | 1.04% | 136.63% | 29.9% | 1.19% | 4.57% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.32M | 1.65M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 1.06M | 0 | 0 | 0 | 0 | -348.8K | 0 | 0 | 0 | 0 | 15.26K | -131K | -40K | 218.68K | -148.19K | -19.75K |
| Cash from Financing | 818.29K | 3.68M | -673.18K | 1.3M | 3.15M | -110.22K | -186.8K | -247.78K | -641.78K | 4.08M | 1.23M | -463.88K | 521.94K | 935.07K | 671.88K | -470.02K | 866.99K |
| Debt Issued (Net) | -8.41K | -10.54K | -673.18K | -168.49K | 79.28K | -816.41K | 54.53K | -592.18K | -1.73M | -997.19K | 608.48K | -266.08K | -28.39K | 935.07K | 471.63K | -78.77K | 899.88K |
| Equity Issued (Net) | 0 | -12.71M | 15.02M | 4.8M | 3.33M | 0 | 0 | 0 | 0 | 5.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 826.7K | 16.4M | -15.02M | -3.33M | -263.23K | 706.18K | -241.33K | 344.4K | 1.08M | -883.86K | 625.25K | -197.8K | 550.34K | 0 | 200.25K | -391.25K | -32.89K |
| Net Change in Cash | -790.97K | 989.73K | -1.02M | -804.27K | 1.62M | 157.42K | -136.34K | -369.85K | -511.28K | 1.01M | 62.89K | -64.3K | -159.16K | 219.21K | 35.72K | -409.54K | 301.31K |
| Free Cash Flow | -1.61M | -2.77M | -248.92K | -3.46M | -1.16M | -1.53M | 147.76K | -178.81K | 27.66K | -3.22M | -384.64K | -30.99K | -923.84K | 0 | 0 | -1.2M | -208.4K |
| FCF Margin % | -32.48% | -56.39% | -7.02% | -202.53% | -33.73% | -35.43% | 5.78% | -4.6% | 0.6% | -71.08% | -17.81% | -0.68% | -33.78% | - | - | -15.72% | -2.93% |
| FCF Growth % | -39% | -81.47% | -268.46% | -1832.59% | -4292.76% | 52.65% | 138.42% | -477.03% | 102.99% | - | - | - | 23.27% | 100% | - | - | - |
| FCF per Share | -0.11 | -0.19 | -0.02 | -0.17 | -0.06 | -0.06 | 0.01 | -0.01 | 0.00 | -0.15 | -0.02 | -0.00 | -0.04 | - | - | -0.05 | -0.01 |
| FCF Conversion (FCF/Net Income) | 0.48x | -0.91x | 0.00x | 1.25x | 0.38x | 0.40x | 0.34x | 0.12x | 4.96x | 0.87x | 0.13x | 0.24x | -4.83x | 2.26x | -3.28x | -1.02x | 4.38x |
| Interest Paid | 0 | -165.65K | 0 | 76.77K | 51.47K | 100.81K | 44.28K | -238.77K | 0 | 21.96K | 116.63K | 46.39K | 70.24K | 0 | 0 | 87.22K | 7.68K |
| Taxes Paid | 0 | 216.99K | 0 | 0 | 0 | -40.37K | 37.57K | 2.8K | 0 | 281K | -5 | 389 | 5.38K | 0 | 0 | 227 | 1.59K |