NaaS Technology ADR Financials
NaaS Technology ADR (NAAS) reported $17.0M in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Near-term obligations dominate the business picture as a small revenue base sits against liabilities that require constant balance-sheet support.
The most revealing pairing is a net loss of$64.3M with operating cash flow of just$74K , which implies the reported loss was driven more by non-cash accounting hits than by cash leaving day-to-day operations. Even so, liquidity is thin: cash of$11.6M is only about 0.1x current liabilities, so the accounting loss and the cash picture tell two very different stories.
This is not mainly a term-debt story: long-term debt is only
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Financial Health Signals
NaaS Technology ADR does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
NaaS Technology ADR passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 3 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
NaaS Technology ADR reported a net loss of $64.3M while generating $74K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
NaaS Technology ADR generated $17.0M in revenue in fiscal year 2025.
NaaS Technology ADR reported -$64.3M in net income in fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
NaaS Technology ADR held $11.6M in cash against $160K in long-term debt as of fiscal year 2025, with $160.6M of liabilities due within a year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
NAAS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|
| Revenue | $17.0M | N/A | $146.9M-33.1% | $219.7M+18.8% | $185.0M+24.2% | $149.0M |
| Cost of Revenue | N/A | N/A | $92.4M-7.4% | $99.8M+19.0% | $83.9M+20.6% | $69.5M |
| Gross Profit | N/A | N/A | $54.5M-54.6% | $119.9M+18.6% | $101.1M+27.3% | $79.5M |
| SG&A Expenses | N/A | $4.7M-88.2% | $39.9M-8.9% | $43.8M+24.3% | $35.2M-32.6% | $52.2M |
| Operating Income | N/A | -$4.7M+77.8% | -$21.2M-166.3% | $32.0M+6.0% | $30.2M+31554.2% | -$96K |
| Interest Expense | -$4.7M | N/A | $3.6M-26.1% | $4.9M-0.4% | $4.9M+20.3% | $4.1M |
| Income Tax | N/A | N/A | -$2.4M-123.7% | $10.2M-2.7% | $10.4M+28.3% | $8.1M |
| Net Income | -$64.3M | N/A | -$20.3M-195.4% | $21.3M+2.3% | $20.8M+382.0% | -$7.4M |
| EPS (Diluted) | $0.01 | -$0.34-88.9% | -$0.18-200.0% | $0.180.0% | $0.18 | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
No annual filing on record for: FY2022, FY2023, FY2024.
NAAS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|
| Total Assets | $44.7M | $4.8M-98.7% | $371.9M-7.6% | $402.5M+21.3% | $331.7M+10.3% | $300.7M |
| Current Assets | $30.6M | $4.8M-95.8% | $114.1M-26.8% | $155.8M-23.6% | $204.0M+16.2% | $175.6M |
| Cash & Equivalents | $11.6M | $2.5M-97.0% | $85.0M-40.8% | $143.5M-23.4% | $187.3M+15.4% | $162.3M |
| Inventory | $2K | N/A | $1.2M-4.0% | $1.2M-24.2% | $1.6M+35.5% | $1.2M |
| Accounts Receivable | N/A | N/A | $350K+39.4% | $251K-29.3% | $355K-6.6% | $380K |
| Goodwill | N/A | N/A | $101.0M+5.7% | $95.6M+33.6% | $71.6M-2.1% | $73.1M |
| Total Liabilities | $172.3M | $18.8M-93.6% | $295.0M-5.7% | $312.8M+16.9% | $267.6M+4.8% | $255.2M |
| Current Liabilities | $160.6M | $1.4M-99.2% | $179.1M+1.1% | $177.2M-4.7% | $186.0M+17.4% | $158.4M |
| Long-Term Debt | $160K | N/A | $29.3M-44.8% | $53.2M-27.2% | $73.1M-23.7% | $95.8M |
| Total Equity | -$127.7M | -$14.0M-118.4% | $75.9M-13.2% | $87.5M+31.9% | $66.3M+39.1% | $47.7M |
| Retained Earnings | -$1.2B | -$63.3M-58.8% | -$39.9M-118.3% | -$18.3M+49.5% | -$36.2M+25.4% | -$48.5M |
No annual filing on record for: FY2022, FY2023, FY2024.
NAAS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $74K | N/A | -$31.5M-450.8% | -$5.7M-110.4% | $55.3M+4.2% | $53.1M |
| Capital Expenditures | N/A | N/A | $3.7M-49.9% | $7.3M-23.0% | $9.5M+22.6% | $7.7M |
| Free Cash Flow | N/A | N/A | -$35.2M-170.1% | -$13.0M-128.5% | $45.8M+1.0% | $45.3M |
| Investing Cash Flow | $1.7M | -$5.9M+65.6% | -$17.1M-4.0% | -$16.5M-12.3% | -$14.7M-79.9% | -$8.2M |
| Financing Cash Flow | -$8.2M | -$6.1M+33.9% | -$9.3M+54.0% | -$20.2M-142.5% | -$8.3M-142.0% | $19.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | $87.9M |
| Share Buybacks | N/A | N/A | N/A | $6.9M+122.0% | $3.1M | N/A |
No annual filing on record for: FY2022, FY2023, FY2024.
NAAS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 37.1%-17.5pp | 54.6%-0.1pp | 54.7%+1.3pp | 53.3% |
| Operating Margin | N/A | N/A | -14.4%-29.0pp | 14.6%-1.8pp | 16.3%+16.4pp | -0.1% |
| Net Margin | -378.7% | N/A | -13.8%-23.5pp | 9.7%-1.6pp | 11.2%+16.2pp | -5.0% |
| Return on Equity | N/A | N/A | -26.8%-51.1pp | 24.3%-7.0pp | 31.4%+46.8pp | -15.5% |
| Return on Assets | -144.0% | N/A | -5.5%-10.8pp | 5.3%-1.0pp | 6.3%+8.7pp | -2.5% |
| Current Ratio | 0.19 | 3.56+2.9x | 0.64-0.2x | 0.88-0.2x | 1.100.0x | 1.11 |
| Debt-to-Equity | N/A | N/A | 0.39-0.2x | 0.61-0.5x | 1.10-0.9x | 2.01 |
| FCF Margin | N/A | N/A | -24.0%-18.0pp | -5.9%-30.7pp | 24.8%-5.7pp | 30.4% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
No annual filing on record for: FY2022, FY2023, FY2024.
Note: Shareholder equity is negative (-$127.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.19), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where NaaS Technology ADR Ranks
Frequently Asked Questions
What is NaaS Technology ADR's annual revenue?
NaaS Technology ADR (NAAS) reported $17.0M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is NaaS Technology ADR profitable?
No, NaaS Technology ADR (NAAS) reported a net income of -$64.3M in fiscal year 2025.
How much debt does NaaS Technology ADR have?
As of fiscal year 2025, NaaS Technology ADR (NAAS) had $11.6M in cash and equivalents against $160K in long-term debt.
What is NaaS Technology ADR's operating cash flow?
NaaS Technology ADR (NAAS) generated $74K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are NaaS Technology ADR's total assets?
NaaS Technology ADR (NAAS) had $44.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What is NaaS Technology ADR's current ratio?
NaaS Technology ADR (NAAS) had a current ratio of 0.19 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is NaaS Technology ADR's return on assets (ROA)?
NaaS Technology ADR (NAAS) had a return on assets of -144.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is NaaS Technology ADR's debt-to-equity ratio negative or not reported?
NaaS Technology ADR (NAAS) has negative shareholder equity of -$127.7M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is NaaS Technology ADR's Piotroski F-Score?
NaaS Technology ADR (NAAS) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NaaS Technology ADR's earnings high quality?
NaaS Technology ADR (NAAS) reported a net loss of $64.3M while generating $74K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.