Northann 2025 Form 10-K: Revenues $13.6M, Net Loss $(11.67) M
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Northann reported 2025 revenues of $13.6 million, a decline of 11.4% year-over-year, with a net loss of $11.67 million due to lower demand and higher operating expenses. Gross profit was $3.58 million, maintaining a gross margin of 26.3%. The operating loss widened to $(11.46) million, influenced by significant share-based compensation and tariff-related cost pressures. The company continues to focus on wholesale and retail vinyl flooring, primarily in the U.S. and Canada, while investing in operational growth and fulfillment initiatives.
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