Northann Corp. (NCLX) AI Stock Analysis
NCLX AI stock analysis summary
AI ResearchNorthann Corp. (NCLX) sells vinyl flooring products directly to retail consumers via dotfloor.com and other brand channels. The company generated $15.1M in trailing twelve-month revenue, but remains unprofitable with a net margin of -78.9% and an operating margin of -57.5%. Its market cap stands at $53,733, with cash reserves of $239,641 alongside $3.0M in total debt as of March 31, 2026.
- Market cap
- $53,733
- Revenue (TTM)
- $15.1M
- P/E
- —
- 1Y return
- — S&P 500 16.8%
- Avg. target
- —
Bull case
- Quarterly revenue grew 44.3% year-over-year in the latest quarter ended March 31, 2026.
- Gross margin held stable at 26.3% in FY2025, compared to 25.9% in FY2024.
- The company's balance sheet maintains a current ratio of 1.51 and total debt-to-equity of 0.16 as of March 31, 2026.
Bear case
- Northann Corp. generated negative free cash flow of -$6.6M in FY2025, while cash and short-term investments stood at $239,641 on March 31, 2026.
- Net income worsened significantly in FY2025 to -$11.7M, translating to a negative profit margin of -85.8%.
- Three-year revenue CAGR from FY2022 to FY2025 was -13.4%, with annual sales dropping from $21.0M to $13.6M.
What Northann does
Northann Corp. operates dotfloor.com, an online store providing vinyl flooring products to retail customers across North America and Europe. The company markets its product portfolio under brand names including Benchwick, Northann, SuperOak, and Dotfloor. Founded in 2013, Northann Corp. is headquartered in Fort Lawn, South Carolina, and employs 63 people.
Growth and profitability
Northann Corp. experienced a 3-year revenue CAGR of -13.4% from FY2022 to FY2025. Annual revenue decreased from $21.0M in FY2022 to $14.0M in FY2023, recovered to $15.3M in FY2024, and then fell 11.4% to $13.6M in FY2025. Net income declined from $929,059 in FY2022 to -$11.7M in FY2025, with net margin worsening to -85.8%. For the trailing twelve months ended March 31, 2026, revenue stood at $15.1M with EPS of -$0.40, while quarterly revenue growth reached 44.3% year-over-year.
Balance sheet and cash flow
As of March 31, 2026, Northann Corp. held $239,641 in cash and short-term investments against total debt of $3.0M, resulting in net debt of $2.8M. The company reported a current ratio of 1.51, shareholders' equity of $18.4M, and total assets of $30.8M, with a debt-to-equity ratio of 0.16. Operating cash flow in FY2025 was -$5.7M, and free cash flow was -$6.6M after capital expenditures of $891,768.
Valuation and performance
Northann Corp. has a market capitalization of $53,733 and an enterprise value of $5.6M. The stock trades at a price-to-sales ratio of 0.0x and an EV-to-revenue ratio of 0.4x, compared to a median price-to-sales ratio of 0.7x for its US-listed Consumer Cyclical peers. The stock last closed at $0.00 on October 16, 2026, below its 52-week high of $0.05, while the S&P 500 (SPY) returned 16.8% over the past year.
What analysts expect
Northann Corp. currently lacks analyst coverage and consensus earnings estimates. Insiders hold 3.5% of the company's shares, while institutional ownership stands at 1.9%, and short interest represents 0.2% of the float. For the trailing twelve months ended March 31, 2026, diluted EPS was -$0.40, following an annual net loss of -$11.7M reported for FY2025.
Key risks and what to watch
- Operating cash burn of -$5.7M in FY2025 contrasts with limited liquidity of $239,641 in cash and short-term investments.
- Total debt of $3.0M exceeds the company's cash reserves of $239,641, yielding net debt of $2.8M.
- Trailing twelve months return on equity is -106.8%, reflecting ongoing operational losses.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this NCLX AI stock analysis
This page is an AI-written research summary of Northann Corp. (NCLX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: NCLX income statement, NCLX balance sheet, NCLX key metrics, NCLX chart. See the NCLX stock overview for the latest quote and news.
NCLX AI stock analysis FAQ
What products does Northann Corp. sell?
Northann Corp. operates dotfloor.com to sell vinyl flooring products directly to retail customers under brand names including Benchwick, Northann, SuperOak, and Dotfloor.
Does Northann Corp. pay a dividend?
Northann Corp. does not pay a dividend.
What is Northann Corp.'s cash and debt position?
As of March 31, 2026, Northann Corp. had $239,641 in cash and short-term investments, $3.0M in total debt, and net debt of $2.8M.
How fast is Northann Corp. growing?
While quarterly revenue increased 44.3% year-over-year in the period ended March 31, 2026, the company experienced a 3-year revenue CAGR of -13.4% between FY2022 and FY2025.