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

Nano Labs has disclosed Operating Expenses across 5 years of filings, most recently posting $12.8 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at $12.8 million, up 78.9% year-over-year; the trailing twelve-month figure through Dec 2025 was $19.9 million (up 5.02% YoY), and the FY2025 annual result was -$15.8 million, down 203.26% from the prior year.
• Operating Expenses came in at $12.8 million for Q4 2025 at Nano Labs, up from $7.1 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $17.7 million in Q4 2021 to a low of $2.5 million in Q3 2021.
• The 5-year median for Operating Expenses is $11.3 million (2022), against an average of $10.3 million.
• Peak annual rise in Operating Expenses reached 351.56% in 2022, while the deepest fall reached 51.0% in 2022.
• Nano Labs' Operating Expenses stood at $17.7 million in 2021, then slumped by 51.0% to $8.7 million in 2022, then soared by 36.67% to $11.8 million in 2023, then slumped by 39.6% to $7.1 million in 2024, then surged by 78.9% to $12.8 million in 2025.
• The last three Operating Expenses figures came in at $12.8 million (Q4 2025), $7.1 million (Q4 2024), and $11.8 million (Q4 2023), per Business Quant data.