Northann (NCL) Tax Rate (2022 - 2025)

Northann has reported Tax Rate for 4 years, with the latest figure at 0.42% in Q4 2025.

• For the quarter ending Q4 2025, Tax Rate rose 40.0% year-over-year to 0.42%; the trailing twelve-month figure through Mar 2026 stood at 0.07% (down 5.0% YoY), and the FY2025 full-year result was 0.07%, down 3.0% from the prior year.
• Tax Rate for Q4 2025 stood at 0.42%, up from 0.03% in the prior quarter.
• The five-year high for Tax Rate was 8.56% in Q4 2022, with the low at 15.2% in Q3 2022.
• Average Tax Rate over 4 years is 0.44%, with a median of 0.0% recorded in 2024.
• Year-over-year, Tax Rate tumbled 879 bps in 2023 and soared 40 bps in 2025.
• Tracing NCL's Tax Rate over 4 years: stood at 8.56% in 2022, then sank by 103 bps to 0.23% in 2023, then soared by 112 bps to 0.03% in 2024, then surged by 1468 bps to 0.42% in 2025.
• The last three Tax Rate figures came in at 0.42% (Q4 2025), 0.03% (Q4 2024), and 0.0% (Q3 2024), per Business Quant data.

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