Northann Corp.
NCLX Consumer Cyclical Furnishings Fixtures & Appliances
Northann Corp.’s revenue for fiscal 2025 (year ended December 2025) was $13.6 million, down 11.4% from fiscal 2024. In the quarter to March 2026, revenue grew 44.3%, EPS fell 117.4%, free cash flow fell 39.0% and total debt fell 12.1%, each against the same quarter a year earlier.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|
Cash and Short Term Investments |
0.25 | 1.10 | 0.25 | 1.03 |
Receivables |
1.54 | 2.74 | 3.18 | 3.56 |
Inventory |
4.56 | 2.65 | 2.00 | 6.19 |
Other current assets |
0.00 | 0.00 | — | 0.99 |
Total current assets |
6.59 | 6.80 | 5.91 | 12.34 |
Property, Plant, Equpment (Net) |
6.50 | 5.69 | 5.15 | 5.63 |
Goodwill and Intangible Assets (Total) |
1.07 | 1.03 | 0.98 | 0.99 |
Long-term assets (Other) |
0.01 | 0.01 | 0.01 | 0.01 |
Total non-current assets |
7.82 | 6.81 | 7.96 | 8.11 |
Total Assets |
14.41 | 13.62 | 13.88 | 20.44 |
Accounts Payable |
4.73 | 4.54 | 2.60 | 4.32 |
Current Part of Debt |
6.99 | 5.69 | 4.70 | 1.30 |
Current Part of Taxes to Pay |
0.07 | 0.61 | 0.60 | 0.02 |
Current Revenue (Deferred) |
0.00 | 1.08 | — | 1.35 |
Other current liabilities |
0.18 | 0.90 | 1.42 | — |
Total current liabilities |
11.99 | 12.86 | 9.67 | 7.37 |
Long Term Debt (Total) |
0.45 | 0.12 | 0.14 | 2.97 |
Total non-current liabilities |
0.45 | 0.18 | 1.60 | 4.06 |
Total liabilities |
12.44 | 13.04 | 11.28 | 11.43 |
Additional Paid In Capital |
0.93 | 6.67 | 15.54 | 41.71 |
Preferred Stock (Total) |
0.01 | 0.01 | 0.00 | 0.00 |
Common Stock (Net) |
0.02 | 0.02 | 0.01 | 0.02 |
Retained Earnings |
1.82 | (5.31) | (9.69) | (21.37) |
Equity Equivalent |
(0.02) | (0.02) | (1.37) | (12.71) |
Common Equity (Total) |
1.97 | 0.58 | 2.60 | 9.01 |
Shareholders Equity (Total) |
1.97 | 0.58 | 2.60 | 9.01 |
Shareholders Equity and Liabilities (Total) |
14.41 | 13.62 | 13.88 | 20.44 |
Shares (Common) |
2.50 | 2.67 | 6.93 | 22.93 |
Shares (Preferred) |
0.63 | 0.63 | 0.63 | 0.63 |
Shareholders Equity (Tangible) |
0.90 | (0.45) | 1.62 | 8.02 |
Net Debt |
7.19 | 4.71 | 4.59 | 3.24 |
Total Debt |
7.44 | 5.81 | 4.84 | 4.27 |