Nano Labs (NA) Operating Expenses (2021 - 2025)

Nano Labs has reported Operating Expenses for 5 years, with the latest figure at $12.8 million in Q4 2025.

• Quarterly Operating Expenses rose 78.9% year-over-year to $12.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $19.9 million (up 5.02% YoY) and the FY2025 annual result came in at -$15.8 million, down 203.26% from the prior year.
• Operating Expenses climbed to $12.8 million in Q4 2025 per NA's latest filing, from $7.1 million in the prior quarter.
• Over five years, Operating Expenses peaked at $17.7 million in Q4 2021 and troughed at $2.5 million in Q3 2021.
• A 5-year average of $10.3 million and a median of $11.3 million in 2022 frame the typical range for Operating Expenses.
• The widest YoY moves for Operating Expenses: up 351.56% in 2022, down 51.0% in 2022.
• Over 5 years, Operating Expenses stood at $17.7 million in 2021, then slumped by 51.0% to $8.7 million in 2022, then surged by 36.67% to $11.8 million in 2023, then slumped by 39.6% to $7.1 million in 2024, then jumped by 78.9% to $12.8 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered $12.8 million, $7.1 million, and $11.8 million for Q4 2025, Q4 2024, and Q4 2023 respectively.