Symbols / NA Stock $2.21 -8.30% Nano Labs Ltd

Technology • Semiconductors • China • NGM
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Stock Fundamentals
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Index EQUITY
Sector Technology
Industry Semiconductors
CEO Mr. Jianping Kong
Exch · Country NGM · China
Market Cap 51.30M
Enterprise Value 242.14M
Income 135.47M
Sales 27.01M
FCF (ttm) -176.95M
Book/sh 4.76
Cash/sh 1.60
Employees 67
Insider 10d —
IPO Jul 12, 2022
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 2.21
Forward P/E —
PEG —
P/S 1.90
P/B 0.46
P/C —
EV/EBITDA -3.81
EV/Sales 8.97
Quick Ratio 0.31
Current Ratio 2.09
Debt/Eq 31.79
LT Debt/Eq —
EPS (ttm) 1.00
EPS next Y —
EPS Growth —
Revenue Growth 18.10%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-03-30
Earnings (prior) 2026-03-30
ROA -5.37%
ROE 25.87%
ROIC —
Gross Margin -26.49%
Oper. Margin -194.95%
Profit Margin 5.02%
Shs Outstand 20.36M
Shs Float 9.74M
Insider Own 53.23%
Instit Own 15.45%
Short Float 3.78%
Short Ratio 13.96
Short Interest 573.75K
52W High 31.48
vs 52W High -92.98%
52W Low 2.13
vs 52W Low 3.76%
Beta 5.31
Impl. Vol. 1.93%
Rel Volume 4.93
Avg Volume 65.15K
Volume 321.15K
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $2.41
Price $2.21
Change -8.30%
About

Nano Labs Ltd operates as a fabless integrated circuit design company and product solution provider in the People's Republic of China, Hong Kong, Singapore, the United States and internationally. The company develops computing chips. It also provides application specific integrated circuit chips, smart network interface cards, and vision computing chips. In addition, the company engages in the research and development of software. Its customers include enterprises and individual buyers. Nano Labs Ltd was founded in 2019 and is headquartered in Hangzhou, the People's Republic of China.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$2.21
Latest analyst target
3. DCF / Fair value
$-156.47
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.21
Low
—
High
—
Mean
—
News
RSS: Latest NA news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-20 HU NAN Director — 4,092 $2.57 $11,080
2026-04-17 HU NAN Director — 1,633 $2.77 $4,664
2026-04-16 HU NAN Director — 3,900 $2.98 $11,688
2026-04-15 HU NAN Director — 2,557 $3.08 $7,925
2026-04-15 HU NAN Director — 893 $3.14 $2,804
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
27.01
-33.47%
40.60
-48.18%
78.34
-92.03%
983.17
Operating Revenue
27.01
-33.47%
40.60
-48.18%
78.34
-92.03%
983.17
Cost Of Revenue
66.80
+130.39%
28.99
-84.05%
181.78
-75.86%
753.00
Reconciled Cost Of Revenue
66.80
+130.39%
28.99
-84.05%
181.78
-75.86%
753.00
Gross Profit
-39.79
-442.95%
11.60
+111.22%
-103.45
-144.95%
230.16
Operating Expense
67.38
-38.81%
110.11
-30.01%
157.34
-24.89%
209.48
Research And Development
8.06
-83.93%
50.15
-43.40%
88.60
-32.80%
131.85
Selling General And Administration
59.32
-1.07%
59.97
-12.75%
68.73
-11.46%
77.63
Selling And Marketing Expense
4.72
-48.35%
9.14
-40.41%
15.33
-37.24%
24.43
General And Administrative Expense
54.61
+7.42%
50.83
-4.81%
53.40
+0.39%
53.20
Other Gand A
54.61
+7.42%
50.83
-4.81%
53.40
+0.39%
53.20
Total Expenses
134.18
-3.54%
139.11
-58.98%
339.12
-64.77%
962.48
Operating Income
-107.17
-8.79%
-98.51
+62.22%
-260.79
-1360.79%
20.68
Total Operating Income As Reported
71.39
+162.49%
-114.26
+56.19%
-260.79
-1360.79%
20.68
EBITDA
155.05
+253.52%
-100.99
+58.64%
-244.19
-702.17%
40.55
Normalized EBITDA
-23.52
+72.41%
-85.25
+65.09%
-244.19
-702.17%
40.55
Reconciled Depreciation
12.16
+4.57%
11.63
+14.31%
10.18
+7.86%
9.43
EBIT
142.89
+226.87%
-112.63
+55.72%
-254.37
-917.41%
31.12
Total Unusual Items
178.57
+1234.17%
-15.74
—
—
Total Unusual Items Excluding Goodwill
178.57
+1234.17%
-15.74
—
—
Net Income
135.47
+219.68%
-113.19
+55.23%
-252.82
-912.44%
31.12
Pretax Income
125.95
+205.36%
-119.54
+53.01%
-254.37
-917.41%
31.12
Net Non Operating Interest Income Expense
-17.51
-124.61%
-7.80
-1708.87%
-0.43
-106.72%
6.41
Interest Expense Non Operating
16.94
+145.01%
6.91
0.00
0.00
Net Interest Income
-17.51
-124.61%
-7.80
-1708.87%
-0.43
-106.72%
6.41
Interest Expense
16.94
+145.01%
6.91
0.00
0.00
Interest Income Non Operating
0.05
-90.72%
0.50
+3.12%
0.49
-75.61%
2.01
Interest Income
0.05
-90.72%
0.50
+3.12%
0.49
-75.61%
2.01
Other Income Expense
250.63
+1994.14%
-13.23
-293.26%
6.85
+70.25%
4.02
Other Non Operating Income Expenses
72.06
+2768.43%
2.51
-63.31%
6.85
+70.25%
4.02
Gain On Sale Of Security
178.57
+1234.17%
-15.74
—
—
Tax Provision
0.00
0.00
+100.00%
-0.02
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
125.95
+205.36%
-119.54
+53.00%
-254.35
-917.36%
31.12
Net Income From Continuing Operation Net Minority Interest
135.47
+219.68%
-113.19
+55.23%
-252.82
-912.44%
31.12
Net Income From Continuing And Discontinued Operation
135.47
+219.68%
-113.19
+55.23%
-252.82
-912.44%
31.12
Net Income Continuous Operations
125.95
+205.36%
-119.54
+53.00%
-254.35
-917.36%
31.12
Minority Interests
9.52
+49.85%
6.35
+315.63%
1.53
0.00
Normalized Income
-43.10
+55.77%
-97.44
+61.46%
-252.82
-912.44%
31.12
Net Income Common Stockholders
135.47
+219.68%
-113.19
+55.23%
-252.82
-912.44%
31.12
Diluted EPS
6.82
+148.51%
-14.06
+67.26%
-42.94
-835.27%
5.84
Basic EPS
6.82
+148.51%
-14.06
+67.26%
-42.94
-835.27%
5.84
Basic Average Shares
19.86
+146.70%
8.05
+36.70%
5.89
+10.59%
5.32
Diluted Average Shares
19.86
+146.75%
8.05
+36.70%
5.89
+10.46%
5.33
Diluted NI Availto Com Stockholders
135.47
+219.68%
-113.19
+55.23%
-252.82
-912.44%
31.12
Total Other Finance Cost
0.62
-55.42%
1.39
+50.70%
0.92
+120.87%
-4.41
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
1,119.50
+81.76%
615.93
+75.83%
350.30
Current Assets
430.87
+27.59%
337.69
+169.10%
125.49
Cash Cash Equivalents And Short Term Investments
378.53
+37.49%
275.32
+471.62%
48.16
Cash And Cash Equivalents
8.50
-73.78%
32.43
-32.67%
48.16
Other Short Term Investments
370.03
+52.34%
242.89
0.00
Receivables
26.05
+16.03%
22.45
-37.25%
35.78
Accounts Receivable
0.28
-50.87%
0.57
-67.06%
1.74
Other Receivables
20.39
—
—
Taxes Receivable
5.38
-75.39%
21.88
-35.72%
34.04
Inventory
13.69
-54.15%
29.87
+131.97%
12.87
Raw Materials
2.67
-75.87%
11.06
-80.57%
56.95
Work In Process
6.86
-31.27%
9.98
-92.36%
130.61
Finished Goods
4.16
-52.80%
8.82
-90.24%
90.38
Prepaid Assets
9.81
+44.09%
6.81
-74.54%
26.75
Current Deferred Assets
—
—
—
Restricted Cash
1.35
+221.88%
0.42
+0.18%
0.42
Other Current Assets
1.43
-49.36%
2.82
+87.77%
1.50
Total Non Current Assets
688.64
+147.50%
278.24
+23.77%
224.81
Net PPE
185.72
-8.31%
202.55
+14.38%
177.08
Gross PPE
212.92
-3.53%
220.71
+18.28%
186.60
Accumulated Depreciation
-27.20
-49.74%
-18.17
-90.72%
-9.52
Properties
0.00
0.00
0.00
Buildings And Improvements
191.86
-1.56%
194.89
0.00
Machinery Furniture Equipment
15.18
-14.82%
17.82
+43.65%
12.41
Construction In Progress
—
0.00
-100.00%
165.22
Other Properties
3.09
-40.60%
5.20
-29.91%
7.42
Leases
2.79
+0.00%
2.79
+80.21%
1.55
Goodwill And Other Intangible Assets
45.76
-2.11%
46.75
-2.07%
47.73
Other Intangible Assets
45.76
-2.11%
46.75
-2.07%
47.73
Investments And Advances
2.00
0.00
—
Non Current Accounts Receivable
30.41
+5.06%
28.95
—
Non Current Prepaid Assets
—
—
—
Other Non Current Assets
424.74
—
—
Total Liabilities Net Minority Interest
378.61
-1.15%
383.03
+4.49%
366.56
Current Liabilities
206.01
-1.63%
209.42
-13.66%
242.57
Payables And Accrued Expenses
57.70
-10.95%
64.80
-22.56%
83.67
Payables
54.47
-10.41%
60.80
-20.69%
76.66
Accounts Payable
19.42
+7.31%
18.10
+7.26%
16.88
Other Payable
18.46
-30.40%
26.52
-42.57%
46.18
Current Accrued Expenses
3.23
-19.15%
4.00
-42.95%
7.01
Total Tax Payable
16.58
+2.52%
16.17
+18.88%
13.60
Current Debt And Capital Lease Obligation
62.96
+149.23%
25.26
-6.05%
26.89
Current Debt
61.84
+164.83%
23.35
-0.26%
23.41
Other Current Borrowings
18.84
+252.13%
5.35
+56.89%
3.41
Current Capital Lease Obligation
1.13
-41.19%
1.91
-44.99%
3.48
Current Deferred Liabilities
69.31
-29.91%
98.90
-8.28%
107.83
Current Deferred Revenue
69.31
-29.91%
98.90
-8.28%
107.83
Other Current Liabilities
16.03
-21.69%
20.47
-15.35%
24.18
Total Non Current Liabilities Net Minority Interest
172.60
-0.58%
173.60
+40.01%
123.99
Long Term Debt And Capital Lease Obligation
172.60
-0.58%
173.60
+40.01%
123.99
Long Term Debt
170.90
+0.13%
170.68
+41.93%
120.26
Long Term Capital Lease Obligation
1.70
-41.84%
2.92
-21.80%
3.73
Stockholders Equity
748.29
+224.23%
230.79
+1666.48%
-14.73
Common Stock Equity
748.29
+224.23%
230.79
+1666.48%
-14.73
Capital Stock
0.32
+49.93%
0.21
+145.67%
0.09
Common Stock
0.32
+49.93%
0.21
+145.67%
0.09
Share Issued
23.57
+46.11%
16.13
-63.98%
44.79
Ordinary Shares Number
23.04
+47.03%
15.67
-60.91%
40.10
Treasury Shares Number
0.53
+14.96%
0.46
-90.21%
4.68
Additional Paid In Capital
1,180.20
+51.21%
780.50
+82.23%
428.31
Retained Earnings
-429.75
+23.97%
-565.22
-25.04%
-452.03
Gains Losses Not Affecting Retained Earnings
-0.80
-105.25%
15.29
+71.82%
8.90
Treasury Stock
1.67
0.00
—
Minority Interest
-7.40
-449.07%
2.12
+238.63%
-1.53
Other Equity Adjustments
-0.80
-105.25%
15.29
+71.82%
8.90
Total Equity Gross Minority Interest
740.90
+218.11%
232.91
+1532.28%
-16.26
Total Capitalization
919.20
+128.96%
401.47
+280.44%
105.53
Working Capital
224.86
+75.30%
128.27
+209.56%
-117.08
Invested Capital
981.04
+130.93%
424.82
+229.48%
128.94
Total Debt
235.56
+18.45%
198.87
+31.80%
150.88
Net Debt
224.24
+38.76%
161.60
+69.21%
95.51
Capital Lease Obligations
2.82
-41.58%
4.83
-32.99%
7.21
Net Tangible Assets
702.53
+281.72%
184.04
+394.64%
-62.46
Tangible Book Value
702.53
+281.72%
184.04
+394.64%
-62.46
Duefrom Related Parties Current
—
—
—
Dueto Related Parties Current
—
—
—
Inventories Adjustments Allowances
—
-221.19
+16.55%
-265.06
Line Of Credit
43.00
+138.89%
18.00
-10.00%
20.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-108.27
+22.29%
-139.33
-4.39%
-133.47
+51.45%
-274.94
Cash Flow From Continuing Operating Activities
-108.27
+22.29%
-139.33
-4.39%
-133.47
+51.45%
-274.94
Net Income From Continuing Operations
125.95
+205.36%
-119.54
+53.00%
-254.35
-917.36%
31.12
Depreciation Amortization Depletion
12.16
+4.57%
11.63
+14.31%
10.18
+7.86%
9.43
Depreciation
12.16
+4.57%
11.63
+14.31%
10.18
+14.86%
8.86
Amortization Cash Flow
—
—
0.99
+71.43%
0.58
Depreciation And Amortization
12.16
+4.57%
11.63
+14.31%
10.18
+7.86%
9.43
Amortization Of Intangibles
—
—
0.99
+71.43%
0.58
Other Non Cash Items
-33.86
-32858.85%
-0.10
-190.44%
0.11
—
Stock Based Compensation
0.07
-81.82%
0.40
-44.11%
0.72
-92.31%
9.35
Asset Impairment Charge
32.64
+199.03%
10.91
-82.04%
60.77
-66.99%
184.07
Operating Gains Losses
-0.10
-1366.23%
-0.01
—
—
Unrealized Gain Loss On Investment Securities
-211.47
-1443.16%
15.74
0.00
0.00
Gain Loss On Sale Of PPE
-0.10
-1366.23%
-0.01
0.00
0.00
Change In Working Capital
-33.66
+42.34%
-58.37
-218.88%
49.10
+109.65%
-508.91
Change In Receivables
0.29
-75.65%
1.18
+167.86%
-1.73
0.00
Changes In Account Receivables
0.29
-75.65%
1.18
+167.86%
-1.73
0.00
Change In Inventory
-16.48
+40.91%
-27.88
-196.88%
28.78
+140.29%
-71.45
Change In Prepaid Assets
-3.35
-116.74%
20.01
-57.57%
47.16
-84.50%
304.30
Change In Payables And Accrued Expense
1.37
+27.18%
1.08
+20.14%
0.90
-91.52%
10.59
Change In Payable
1.37
+27.18%
1.08
+20.14%
0.90
-91.52%
10.59
Change In Account Payable
1.37
+27.18%
1.08
+20.14%
0.90
-91.52%
10.59
Change In Other Working Capital
-29.52
-227.15%
-9.02
+45.85%
-16.66
+97.90%
-794.30
Change In Other Current Assets
22.44
+846.71%
-3.01
-687.68%
0.51
-99.01%
51.74
Change In Other Current Liabilities
-8.41
+79.34%
-40.73
-313.28%
-9.85
-0.58%
-9.80
Investing Cash Flow
-296.19
-15.35%
-256.77
-143.42%
-105.48
-217.88%
-33.18
Cash Flow From Continuing Investing Activities
-296.19
-15.35%
-256.77
-143.42%
-105.48
-217.88%
-33.18
Net PPE Purchase And Sale
1.80
+104.96%
-36.35
+65.54%
-105.48
-501.69%
-17.53
Purchase Of PPE
-0.05
+99.87%
-36.37
+65.52%
-105.48
-501.69%
-17.53
Sale Of PPE
1.85
+10803.43%
0.02
0.00
0.00
Capital Expenditure
-0.05
+99.87%
-36.37
+65.52%
-105.48
-57.85%
-66.82
Net Investment Purchase And Sale
-297.99
-35.20%
-220.41
0.00
-100.00%
33.64
Purchase Of Investment
-353.43
-60.35%
-220.41
0.00
0.00
Sale Of Investment
55.44
0.00
0.00
-100.00%
33.64
Net Intangibles Purchase And Sale
—
0.00
0.00
+100.00%
-49.29
Purchase Of Intangibles
—
0.00
0.00
+100.00%
-49.29
Net Other Investing Changes
—
—
—
—
Financing Cash Flow
382.39
+1.70%
375.98
+88.44%
199.52
+23.93%
161.00
Cash Flow From Continuing Financing Activities
382.39
+1.70%
375.98
+88.44%
199.52
+23.93%
161.00
Net Issuance Payments Of Debt
26.76
-46.87%
50.36
-60.26%
126.72
+647.45%
16.95
Issuance Of Debt
50.11
-77.23%
220.03
+71.57%
128.25
+650.28%
17.09
Repayment Of Debt
-23.35
+86.24%
-169.67
-10989.39%
-1.53
-992.86%
-0.14
Long Term Debt Issuance
50.11
-77.23%
220.03
+71.57%
128.25
+650.28%
17.09
Long Term Debt Payments
-23.35
+86.24%
-169.67
-10989.39%
-1.53
-992.86%
-0.14
Net Long Term Debt Issuance
26.76
-46.87%
50.36
-60.26%
126.72
+647.45%
16.95
Short Term Debt Payments
—
—
0.00
0.00
Net Short Term Debt Issuance
—
—
0.00
0.00
Net Common Stock Issuance
355.37
+12.60%
315.62
+333.53%
72.80
-49.46%
144.04
Common Stock Payments
-1.67
0.00
0.00
—
Repurchase Of Capital Stock
-1.67
0.00
0.00
—
Net Other Financing Charges
0.26
-97.41%
10.00
—
—
Changes In Cash
-22.07
-9.73%
-20.11
+49.00%
-39.44
+73.20%
-147.13
Effect Of Exchange Rate Changes
-0.93
-121.27%
4.38
+2639.84%
0.16
-85.89%
1.13
Beginning Cash Position
32.85
-32.38%
48.58
-44.70%
87.86
-62.43%
233.85
End Cash Position
9.85
-70.01%
32.85
-32.38%
48.58
-44.70%
87.86
Free Cash Flow
-108.32
+38.35%
-175.70
+26.47%
-238.96
+30.08%
-341.76
Interest Paid Supplemental Data
10.58
+14.03%
9.28
+145.99%
3.77
+1988.94%
0.18
Income Tax Paid Supplemental Data
0.00
0.00
0.00
-100.00%
0.09
Common Stock Issuance
357.04
+13.12%
315.62
+333.53%
72.80
-49.46%
144.04
Issuance Of Capital Stock
357.04
+13.12%
315.62
+333.53%
72.80
-49.46%
144.04
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
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