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Nano Labs (NA) investor relations material
Nano Labs H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net revenue for H1 2026 was RMB 2.8 million ($0.4 million), down sharply from RMB 8.3 million in H1 2025, mainly due to lower sales volume of iPollo V Series.
Net loss widened to RMB 316.7 million ($46.5 million) from RMB 11.8 million year-over-year, driven by a significant loss on the change in fair value of cryptocurrencies and higher operating expenses.
Launched the iPollo ClawPC A1 Mini and advanced the OpenClaw Ecosystem, targeting AI and Web3.0 applications and new business models.
Incorporated digital assets, specifically BNB, into the capital allocation framework as a strategic reserve, with 70,000 BNB held as of the report date.
Continued execution of a share repurchase program, with $3.2 million in shares repurchased as of August 26, 2026.
Financial highlights
Gross loss was RMB 5.8 million ($0.9 million), improved from RMB 10.7 million loss in H1 2025.
Loss from operations was RMB 291.7 million ($42.8 million), compared to operating income of RMB 10.6 million in H1 2025.
Loss from change in fair value of cryptocurrencies was RMB 250.5 million ($36.8 million), compared to a gain of RMB 48.6 million in H1 2025, mainly due to decreased BNB price.
Total operating expenses rose to RMB 285.8 million ($42 million), compared to operating income of RMB 21.3 million in H1 2025.
Cash and cash equivalents stood at RMB 9.0 million ($1.3 million) as of June 30, 2026.
Outlook and guidance
Plans to continue advancing digital asset initiatives and expanding the AI product ecosystem in H2 2026, focusing on technology innovation, strategic partnerships, and ecosystem development.
Management remains confident in long-term strategy and will continue disciplined execution of share repurchase and capital management.
- Net income surged to RMB 137.7 million on crypto gains and iPollo sales, despite higher costs.NA
H2 2025 - Offering up to $500M in securities, with major exposure to BNB, crypto volatility, and China risk.NA
Registration Filing - Offering up to 5.95M shares via warrants, with high regulatory and crypto market risks.NA
Registration Filing - Up to 5.95M Class A shares offered via warrants, with proceeds dependent on exercise price.NA
Registration Filing - Crypto-focused China-based issuer seeks up to $500M in flexible offerings amid high regulatory risk.NA
Registration Filing - Registers shares underlying warrants for a Web3 chip and crypto reserve firm facing China and crypto risks.NA
Registration Filing - 2023 revenue and profit fell sharply amid crypto volatility; warrant exercise may raise funds.NA
Registration Filing - Net loss narrowed, gross profit turned positive, and Cuckoo 3.0 chip to drive future growth.NA
H1 2024 - Net loss narrowed and gross margin turned positive amid Bitcoin investment and new chip launch.NA
H2 2024
Next Nano Labs earnings date
Next Nano Labs earnings date
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