Want to see NA full AI Analyst Report?
Top Page
Nano Labs Ltd. Sponsored ADR Class A
(NASDAQ:NA)
Select Model
Select Model
Rating:46Neutral
Price Target:
$2.00
▼(-4.76% Downside)
Action:Reiterated
Date:08/17/26
The score is held down primarily by weak financial performance quality—persistent negative operating/free cash flow, operating losses, and volatile/unclear fundamentals—despite an improved 2025 balance sheet. Technicals add a mild negative bias given the longer-term downtrend and slightly bearish MACD. Valuation looks optically cheap (very low P/E), but the earnings call suggests the profitability rebound may rely on non-recurring items and comes with notable liquidity and execution risks.
Positive Factors
Improved balance sheet
The stronger 2025 equity position and moderate leverage provide more financial resilience than during the 2021–2023 stress period. This improved base may support product investment and strategic execution, although historical volatility remains a constraint.
Negative Factors
Persistent cash burn and reduced liquidity
Recurring operating and free-cash-flow deficits show that the business is not currently self-funding. The sharp cash decline reduces flexibility for research, inventory and commercialization, increasing dependence on financing or asset monetization over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved balance sheet
The stronger 2025 equity position and moderate leverage provide more financial resilience than during the 2021–2023 stress period. This improved base may support product investment and strategic execution, although historical volatility remains a constraint.
Read all positive factors
Nano Labs Ltd. Sponsored ADR Class A (NA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$48.75M
Dividend YieldN/A
Average Volume (3M)155.07K
Price to Earnings (P/E)1.5
Beta (1Y)0.23
Revenue Growth-33.13%
EPS GrowthN/A
CountryUS
Employees67
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)9.48
Shares Outstanding20,355,180
10 Day Avg. Volume118,044
30 Day Avg. Volume155,067
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.69
Price to Sales (P/S)19.25
P/FCF Ratio-4.80
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nano Labs Ltd. Sponsored ADR Class A Business Overview & Revenue Model
Company Description
Nano Labs Ltd functions as a fabless integrated circuit (IC) design firm and a provider of comprehensive product solutions, serving markets both within China and internationally. The company specializes in developing chips for high-throughput and ...
How the Company Makes Money
Nano Labs’ revenue model is tied to selling specialized computing hardware and related solutions. Historically, this has centered on monetizing proprietary chip designs and hardware products used for high-performance computing and/or blockchain-re...
Nano Labs Ltd. Sponsored ADR Class A Earnings Call Summary
Earnings Call Date:Mar 30, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 28, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture: strong bottom-line recovery and operational turnaround driven in part by sizable other income and operating income growth, successful capital raises, accumulation of BNB reserves, and product/ecosystem initiatives. However, material gross loss, large inventory write-downs, a sharp fall in cash balances, heavy reliance on potentially non-recurring crypto airdrop/launchpool income, steep cuts in R&D, and inconsistencies in reported revenue figures introduce meaningful risks and sustainability concerns. These balancing factors point to a cautiously optimistic near-term performance but with notable execution and liquidity risks to monitor.Positive Updates
Net Income Turnaround
Reported net income of RMB 137.7 million (USD 19.6M) for 2H 2025 compared with a net loss of RMB 60.4 million in the same period of 2024 — a large positive swing to profitability.
Negative Updates
Gross Loss Recorded
The company reported a gross loss of RMB 29.1 million (USD 4.1M) for 2H 2025 versus a gross profit of RMB 11.6 million in 2H 2024, indicating margin pressure at the gross level.
Read all updates
Q4-2025 Updates
Positive
Negative
Net Income Turnaround
Reported net income of RMB 137.7 million (USD 19.6M) for 2H 2025 compared with a net loss of RMB 60.4 million in the same period of 2024 — a large positive swing to profitability.
Read all positive updates
Company Guidance
Management’s guidance emphasized a BNB‑centered reserve strategy and steady capital execution: as of Dec 31, 2025 the company held 126,662 BNB plus 3,338 BNB receivable collateral, completed 2 financing rounds in 2025, and in Oct 2025 announced a share repurchase program of up to USD 25 million to be implemented steadily; product roadmap includes the Mar 2026 launch of the iPollo ClawPC A1 Mini (supporting OpenClaw) and plans to roll out Claw OS and additional hardware to build an AI‑agent ecosystem. Reported H2 2025 financials included net revenue RMB 18.7M (USD 2.7M) vs RMB 50.9M prior (reported +18.1%), gross loss RMB 29.1M (USD 4.1M) vs prior gross profit RMB 11.6M, cost of revenues RMB 47.8M (USD 6.8M) vs RMB 4.3M prior, total operating income up 233.9% to RMB 89.9M (USD 12.8M), profit from operations RMB 60.8M (USD 8.7M) vs prior loss RMB 55.6M, other income RMB 38.2M (USD 5.4M), net income RMB 137.7M (USD 19.6M), basic/diluted EPS RMB 6.2 (USD 0.9) vs prior loss per share RMB 6, and cash and equivalents RMB 8.5M (USD 1.2M) as of Dec 31, 2025 (RMB 32.4M a year earlier).Nano Labs Ltd. Sponsored ADR Class A Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 27.01M | 40.60M | 78.34M | 983.17M | 39.44M |
| Gross Profit | -39.79M | 11.60M | -103.45M | 230.16M | -4.09M |
| EBITDA | -92.42M | -100.99M | -243.27M | 208.69M | -168.90M |
| Net Income | 135.47M | -113.19M | -252.82M | 31.12M | -174.94M |
Balance Sheet | |||||
| Total Assets | 1.12B | 615.93M | 350.30M | 367.24M | 909.83M |
| Cash, Cash Equivalents and Short-Term Investments | 36.09M | 275.32M | 50.53M | 91.25M | 265.74M |
| Total Debt | 235.71M | 198.87M | 150.88M | 23.67M | 7.35M |
| Total Liabilities | 378.85M | 383.03M | 366.56M | 202.83M | 934.49M |
| Stockholders Equity | 748.77M | 230.79M | -14.73M | 164.41M | -24.66M |
Cash Flow | |||||
| Free Cash Flow | -108.32M | -175.70M | -238.96M | -341.76M | 63.04M |
| Operating Cash Flow | -108.27M | -139.33M | -133.47M | -274.94M | 71.73M |
| Investing Cash Flow | -296.19M | -256.77M | -105.48M | -33.18M | -36.05M |
| Financing Cash Flow | 382.39M | 375.98M | 199.52M | 161.00M | 164.90M |
Nano Labs Ltd. Sponsored ADR Class A Technical Analysis
Positive
2.10
Price Trends
1.86
Positive
2.11
Negative
2.75
Negative
Market Momentum
0.04
Negative
63.14
Neutral
72.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NA, the sentiment is Positive. The current price of 2.1 is above the 20-day moving average (MA) of 1.89, above the 50-day MA of 1.86, and below the 200-day MA of 2.75, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 63.14 is Neutral, neither overbought nor oversold. The STOCH value of 72.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NA.
Nano Labs Ltd. Sponsored ADR Class A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $265.60M | 57.96 | 4.95% | ― | -2.35% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | $57.01M | -4.03 | -4.92% | ― | -21.88% | -203.29% | |
53 Neutral | $224.06M | -12.98 | -21.96% | ― | 13.65% | 15.74% | |
46 Neutral | $48.75M | 1.50 | 9999.00% | ― | -33.13% | ― | |
46 Neutral | $119.02M | -3.86 | -12.72% | ― | -18.29% | 8.69% | |
45 Neutral | $175.61M | -6.77 | -77.91% | ― | 369.39% | 1.34% |
* Technology Sector Average
NA
Nano Labs Ltd. Sponsored ADR Class A
2.12
-3.56
-62.68%
ASYS
Amtech Systems
15.83
9.44
147.73%
GSIT
GSI Technology
5.94
2.86
92.86%
MX
MagnaChip
3.24
0.10
3.18%
ATOM
Atomera
4.47
1.14
34.23%
ICG
Intchains Group Ltd. ADR
0.98
-0.99
-50.10%
Nano Labs Ltd. Sponsored ADR Class A Corporate Events
Nano Labs Joins Canton Network as Validator Node to Bolster Institutional Blockchain Infrastructure
Aug 5, 2026
Nano Labs Ltd, a leading Web 3.0 infrastructure and crypto treasury company specializing in advanced computing chips, has built a flow processing unit architecture that integrates high-throughput and high-performance computing capabilities. The co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.