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Friday 6 November 2026
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Nano Labs Ltd. Sponsored ADR
Nano Labs Ltd. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $3.8 million, down 32.0% from fiscal 2024.
1.35
0.05
−3.57%
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Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 0 | 6 | 141 | 11 | 6 | 4 | — | +65.6% | 9,611 | — | — | +250,037.4% | |
| Gross margin, % | — | — | — | — | 40.25 | (10.37) | 23.41 | (132.06) | 28.58 | (147.33) | — | (187.6) pt | ||||||
| EBT | — | — | — | — | (5) | (27) | 4 | (36) | (17) | 18 | — | n/m | ||||||
| EBT margin, % | — | — | — | — | (1,772.90) | (443.56) | 3.17 | (324.72) | (294.46) | 466.36 | — | +2,239.3 pt | ||||||
| Net income | — | — | — | — | (5) | (27) | 4 | (36) | (17) | 18 | (47) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.08 | 1.38 | 26.51 | 1.88 | 0.70 | 0.19 | 0.00 | +20.0% | |||||
| Earnings | — | — | — | — | — | (6.11) | 0.84 | (6.10) | (1.96) | 0.97 | — | n/m | ||||||
| Cash flow | — | — | — | — | (0.11) | 2.50 | (7.41) | (3.20) | (2.41) | (0.78) | 0.00 | +47.6% | ||||||
| Capex | — | — | — | — | 0.00 | (0.30) | (1.80) | (2.53) | (0.63) | 0.01 | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | — | (0.11) | 2.20 | (9.22) | (5.73) | (3.04) | (0.76) | 0.00 | +47.1% | ||||||
| Book value | — | — | — | — | (1.87) | (0.86) | 4.43 | (0.39) | 4.02 | 5.31 | 0.00 | n/m | ||||||
| Shares, m | — | — | — | — | 4 | 4 | 5 | 6 | 8 | 20 | — | +38.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| P/S | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| P/B | — | — | — | — | 0.00 | 0.00 | 1.39 | 0.00 | 0.77 | 0.08 | 0.07 | 0.4 | ||||||
| EV/Sales | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/FCF | — | — | — | — | 0.00 | 0.00 | 0.00 | (0.75) | (0.50) | (0.50) | (0.47) | (0.3) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 0 | 11 | (39) | (19) | (19) | (15) | (50) | +103.7% | |||||
| Capex | — | — | — | — | 0 | (1) | (10) | (15) | (5) | 0 | (5) | n/m | ||||||
| Free cash flow | — | — | — | — | 0 | 10 | (49) | (34) | (24) | (15) | (55) | +103.1% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (8) | (6) | 15 | (17) | 22 | 32 | 5 | n/m | |||||
| Net debt | — | — | — | — | (5) | (41) | (10) | 13 | 20 | 22 | 21 | n/m | ||||||
| Shareholders’ equity | — | — | — | — | (7) | (4) | 24 | (2) | 32 | 105 | 57 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | (36.08) | 4.57 | (69.86) | (23.30) | 15.74 | 0.00 | +15.7 pt | |||||
| ROIC | — | — | — | — | 0.00 | 0.00 | 13.83 | (206.77) | (16.37) | (7.49) | 0.00 | (7.5) pt | ||||||
| ROE | — | — | — | — | 0.00 | 486.20 | 45.27 | (335.00) | (104.61) | 27.97 | 0.00 | +28.0 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 122 | 179 | 157 | 88 | 67 | — | (13.9%) | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.05 | 0.79 | 0.07 | 0.06 | 0.06 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Dec 2022 · fundamentals updated 2 Nov 2026
Nano Labs Ltd. Sponsored ADR vs peers in Semiconductors (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| GCTS GCT Semiconductor Holding, Inc. | $95.7M | — (loss-making) | — (loss-making) | −17.85% (below 0%: shrinking) | n/m | −93.34% (below 0%: shrinking) | (23.27%) | (763.65%) | Compare |
| MX Magnachip Semiconductor Corp. | $78.0M | — (loss-making) | — (loss-making) | −6.13% (below 0%: shrinking) | n/m | +84.00% (above 0%: growing) | 19.35% | (22.32%) | Compare |
| SQNS Sequans Communications S.A. | $37.5M | — (loss-making) | — (loss-making) | +182.83% (above 0%: growing) | n/m | +66.06% (above 0%: growing) | 33.03% | (11.47%) | Compare |
| IPWR Ideal Power Inc. | $34.5M | — (loss-making) | — (loss-making) | +7.41% (above 0%: growing) | n/m | −1.57% (below 0%: shrinking) | 31.03% | (62,467.24%) | Compare |
| NA Nano Labs Ltd. Sponsored ADR | $30.8M | — | — | — | n/m | +46.67% (above 0%: growing) | 100.00% | 100.00% | |
| PXLW Pixelworks, Inc. | $29.5M | 0.5× | — (loss-making) | −99.22% (below 0%: shrinking) | n/m | +63.54% (above 0%: growing) | 60.94% | (5,256.25%) | Compare |
| LEDS SemiLEDS Corporation | $18.4M | — (loss-making) | — (loss-making) | −48.59% (below 0%: shrinking) | +500.00% (above 0%: growing) | +455.26% (above 0%: growing) | 27.11% | 15.62% | Compare |
| MOBX Mobix Labs, Inc. | $13.3M | — (loss-making) | — | −66.43% (below 0%: shrinking) | n/m | −40.77% (below 0%: shrinking) | 12.93% | (932.07%) | Compare |
| FABC Fabric.AI, Inc. | $10.7M | — (loss-making) | — (loss-making) | −96.13% (below 0%: shrinking) | n/m | −79.60% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| Median of peers | $32.0M | — | — | −33.22% | — | +30.98% | 23.23% | (392.98%) |