Nano Labs H1 Earnings Call Highlights

Nano Labs H1 Earnings Call Highlights

Nano Labs H1 Earnings Call Highlights Written by MarketBeat August 28, 2026

Key Points Nano Labs reported a significantly wider net loss of RMB316.7 million ($46.5 million) in the first half of 2026, compared with RMB11.8 million a year earlier. Results were hurt by lower iPollo V Series sales and a RMB250.5 million loss from cryptocurrency fair-value changes, primarily due to a decline in BNB. The company is expanding into AI and Web3 with the iPollo ClawPC A1 Mini and its OpenClaw ecosystem, aiming to develop connected hardware, software and commercial applications that combine blockchain and AI capabilities. Nano Labs held 30,000 BNB in long-term reserves and continued its up-to-$25 million share-repurchase program. As of Aug. 26, it had repurchased shares totaling $3.2 million, including 1,117,401 shares as of June 30.

Nano Labs NASDAQ: NA reported a wider net loss for the first half of 2026 as lower sales of its iPollo V Series products and a decline in the value of its cryptocurrency holdings weighed on results, while management outlined plans to expand its artificial intelligence and Web3-related product ecosystem. Chairman and Chief Executive Officer Jianping Kong said the company sees opportunities in the convergence of AI and Web3 as digital-asset markets and blockchain infrastructure continue to evolve. During the first half, Nano Labs launched the iPollo ClawPC A1 Mini and continued developing its OpenClaw Ecosystem, which spans smart devices, operating systems, hardware, software and application layers.

First-Half Financial Results Chief Financial Officer and Senior Vice President Bing Chen said the company’s reported “net value” was RMB2.8 million, or $0.4 million, for the first half of 2026, down from RMB8.3 million in the prior-year period. Chen attributed the decrease primarily to lower sales volume for the iPollo V Series. Nano Labs recorded a gross loss of RMB5.8 million, or $0.9 million, compared with RMB10.7 million in the first half of 2025. Cost of revenue fell to RMB8.6 million, or $1.3 million, from RMB19 million a year earlier, reflecting the decline in sales volume, according to Chen.

Total operating expenses were RMB285.8 million, or $42 million, in the first half of 2026. Selling and marketing expenses increased 17% to RMB3.1 million, or $0.4 million, from RMB2.6 million a year earlier, which Chen said was due to expanded sales and marketing activity. General and administrative expenses rose 29.5% to RMB27.9 million, or $4.1 million, from RMB21.5 million, driven primarily by higher professional fees and real-estate-related taxes. Research and development expenses increased 39.8% to RMB4.4 million, or $0.6 million, from RMB3.2 million, reflecting higher system-development service fees. The company reported a RMB250.5 million, or $36.8 million, loss from changes in the fair value of cryptocurrencies, compared with a RMB48.6 million gain in the prior-year period. Chen said the loss was primarily attributable to a decrease in the price of BNB during the first half. Loss from operations was RMB291.7 million, or $42.8 million, compared with operating profit of RMB10.6 million a year earlier. Other expenses totaled RMB18.3 million, or $2.5 million, compared with none in the prior-year period, mainly because of losses from changes in the fair value of short investments. Net loss was RMB316.7 million, or $46.5 million, compared with RMB11.8 million in the first half of 2025. Basic and diluted loss per share was RMB13.65, or $2, compared with a loss per share of RMB0.43 a year earlier. As of June 30, Nano Labs had cash and cash equivalents of RMB9 ...