Northann (NCL) Cost of Revenue (2022 - 2026)

Northann's (NCL) quarterly Cost of Revenue came in at $5.5 million in Q1 2026, up 433.9% year-on-year from $1.0 million in Q1 2025, and up 967.41% quarter-over-quarter from -$629046.0 in Q4 2025.

Northann (NCL) Cost of Revenue (2022 - 2026) Analysis & Trends

Northann's Cost of Revenue history runs 5 years deep, the most recent figure standing at $5.5 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 433.9% year-over-year to $5.5 million in Q1 2026; TTM through Mar 2026 was $11.4 million, a 509.69% increase from a year earlier, with the FY2025 full-year figure at $10.0 million, up 835.44% from the prior year.
  • Cost of Revenue improved to $5.5 million in Q1 2026 per NCL's latest filing, from -$629046.0 in the prior quarter.
  • Across five years, Cost of Revenue topped out at $6.4 million in Q3 2025 and bottomed at -$629046.0 in Q4 2025.
  • The 5-year median for Cost of Revenue is $506828.0 (2024), against an average of $1.6 million.
  • Biggest YoY gain for Cost of Revenue was 3892.21% in 2025; the steepest drop was 224.11% in 2025.
  • Year by year, Cost of Revenue stood at $227447.0 in 2022, then jumped by 172.5% to $619795.0 in 2023, then declined by 18.23% to $506828.0 in 2024, then tumbled by 224.11% to -$629046.0 in 2025, then surged by 967.41% to $5.5 million in 2026.
  • Per Business Quant, the three latest NCL Cost of Revenue figures stand at $5.5 million (Q1 2026), -$629046.0 (Q4 2025), and $6.4 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 SharkNinja 21.64 Bn 21.13 Bn 694.97 Mn 717.84 Mn
2 Somnigroup International 15.32 Bn 15.21 Bn 776.90 Mn 1.02 Bn
3 Mohawk Industries 7.12 Bn 6.25 Bn 641.90 Mn 2.09 Bn
4 Alliance Laundry Holdings 5.18 Bn 5.04 Bn 157.19 Mn 259.46 Mn
5 Hni 3.09 Bn 3.01 Bn 499.90 Mn 847.60 Mn
6 Whirlpool 2.24 Bn 1.62 Bn 415.00 Mn 2.86 Bn
7 Interface 1.96 Bn 1.90 Bn 126.72 Mn 204.31 Mn
8 La-Z-Boy 1.66 Bn 1.36 Bn 262.76 Mn 307.58 Mn
9 Millerknoll 1.56 Bn 1.39 Bn 395.60 Mn 608.60 Mn
10 Northann 399,999.99 160,358.99 -494,653.00 5.46 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 5.46 Mn
Mar 31, 2026 5.46 Mn
Dec 31, 2025 -629,046.00
Dec 31, 2025 -629,046.00
Sep 30, 2025 6.36 Mn
Sep 30, 2025 6.36 Mn
Jun 30, 2025 243,479.00
Jun 30, 2025 243,479.00
Mar 31, 2025 1.02 Mn
Mar 31, 2025 1.02 Mn
Dec 31, 2024 506,828.00
Dec 31, 2024 506,828.00
Sep 30, 2024 159,368.00
Sep 30, 2024 159,368.00
Jun 30, 2024 187,062.00
Jun 30, 2024 187,062.00
Mar 31, 2024 3.05 Mn
Mar 31, 2024 3.05 Mn
Dec 31, 2023 619,795.00
Dec 31, 2023 619,795.00