Nano Labs (NA) Research & Development (2021 - 2025)

Nano Labs has disclosed Research & Development across 5 years of filings, most recently posting -$696315.0 for Q4 2025.

• Research & Development for Q4 2025 came in at -$696315.0, down 123.6% year-over-year; the trailing twelve-month figure through Dec 2025 was $15.7 million (down 33.34% YoY), and the FY2025 annual result was $1.1 million, down 83.57% from the prior year.
• Research & Development came in at -$696315.0 for Q4 2025 at Nano Labs, down from $3.0 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $15.6 million in Q4 2021 to a low of -$696315.0 in Q4 2025.
• The 5-year median for Research & Development is $5.6 million (2022), against an average of $5.8 million.
• Across the five-year window, Research & Development jumped 290.17% in 2022 and sank 123.6% in 2025, its largest moves.
• Nano Labs' Research & Development stood at $15.6 million in 2021, then slumped by 63.87% to $5.6 million in 2022, then surged by 39.57% to $7.9 million in 2023, then sank by 62.44% to $3.0 million in 2024, then tumbled by 123.6% to -$696315.0 in 2025.
• The last three Research & Development figures came in at -$696315.0 (Q4 2025), $3.0 million (Q4 2024), and $7.9 million (Q4 2023), per Business Quant data.