Northann (NCL) Operating Expenses (2022 - 2026)

Northann's Operating Expenses history runs 5 years deep, the most recent figure standing at $2.4 million for Q1 2026.

• In Q1 2026, Operating Expenses fell 20.52% year-over-year to $2.4 million; the TTM figure through Mar 2026 stood at $14.4 million (up 94.83% YoY), while the FY2025 annual figure was $15.0 million, up 165.88% from the prior year.
• Operating Expenses was $2.4 million for Q1 2026 at Northann, down from $3.5 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $7.3 million in Q3 2025 to a low of -$505664.0 in Q4 2022.
• Historically, Operating Expenses has averaged $2.0 million across 5 years, with a median of $1.3 million in 2024.
• Biggest YoY gain for Operating Expenses was 838.77% in 2023; the steepest drop was 69.86% in 2023.
• A 5-year view of Operating Expenses shows it stood at -$505664.0 in 2022, then soared by 838.77% to $3.7 million in 2023, then slumped by 65.34% to $1.3 million in 2024, then jumped by 168.21% to $3.5 million in 2025, then plunged by 32.14% to $2.4 million in 2026.
• The last three Operating Expenses figures came in at $2.4 million (Q1 2026), $3.5 million (Q4 2025), and $7.3 million (Q3 2025), per Business Quant data.