Northann Corp.

NCLAMEXConsumer Cyclical● Active

$0.16

$-0.00(-0.76%)

Market Cap$14930570

P/E Ratio—

52W High$97.28

52W Low$0.102

Avg Volume392K

Open$0.16

Beta0.91

Free Cash Flow Financials Revenue

Northann Corp. (NCL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NCL · free cash flow · updated Jun 8, 2026

Core FCF metrics

NCL · FCF · TTM · margin & CAGR

Free cash flow was −$6.6M for FY2025 (fiscal year ending 2025-12-31), down 329.6% year-over-year The FCF margin was -48.3%.

FY2025 Free Cash Flow−$6.6M▼ -329.6% YoY

Trailing 12M (TTM)−$8.1Mtrailing 4 quarters sum

FCF Margin-48.3%−$6.6M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NCL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$5.7M(1M)−$6.6M▼ 329.6%-48.3%

FY2024−$1.2M(0M)−$1.5M▲ +67.3%-10.0%

FY2023−$4.7M(0M)−$4.7M—-33.5%

FY2022−$3.6M(4M)$0▼ 100.0%0.0%

FY2021$4.6M(1M)$3.2M▲ +295.3%9.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NCL · P/FCF · FCF yield · FCF per share

Northann Corp. (NCL) reported negative free cash flow of −$0.01B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

NCL · cash flow statement · operating / investing / financing

For FY2025, Northann Corp. generated −$5.7M in operating cash flow and spent 1M in capital expenditures, yielding −$6.6M in free cash flow.

Operating Activities

−$5.7M

Cash from core business operations

2025-12-31

Investing Activities

−$0.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$7.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$5.7M) − |CapEx| (1M) = FCF (−$6.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

NCL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Northann Corp.YOU

NCL

−$6.6M-329.6%-48.3%

Loss

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Northann Corp. (NCL) reported free cash flow of −$6.6M for FY2025 (fiscal year ending 2025-12-31), down 329.6% year-over-year. The FCF margin was -48.3%.

Based on available data, Northann Corp. has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $3.2M in FY2021.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NCL free cash flow · 8 questions

Northann Corp. free cash flow was −$6.6M for FY2025, down 329.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$8.1M.

NCL free cash flowNCL FCFNCL FCF 2025NCL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Northann Corp. · Northann Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026