Netclass Technology Inc. Financials
This page shows Netclass Technology Inc. (NTCL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Netclass Technology Inc. has an operating margin of -111.5%, meaning the company retains $-112 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -12.8% the prior year.
Netclass Technology Inc.'s revenue declined 2.9% year-over-year, from $10.1M to $9.8M. This contraction results in a growth score of 20/100.
Netclass Technology Inc. has a moderate D/E ratio of 1.35. This balance of debt and equity financing earns a leverage score of 61/100.
Netclass Technology Inc.'s current ratio of 1.29 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.
While Netclass Technology Inc. generated -$5.7M in operating cash flow, capex of $6K consumed most of it, leaving -$5.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Netclass Technology Inc. passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Netclass Technology Inc. generates $0.53 in operating cash flow (-$5.7M OCF vs -$10.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Netclass Technology Inc. earns $-73.3 in operating income for every $1 of interest expense (-$10.9M vs $149K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Netclass Technology Inc. generated $9.8M in revenue in fiscal year 2025. This represents a decrease of 2.9% from the prior year.
Netclass Technology Inc.'s EBITDA was -$10.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 733.7% from the prior year.
Netclass Technology Inc. generated -$5.7M in free cash flow in fiscal year 2025, representing cash available after capex.
Netclass Technology Inc. reported -$10.8M in net income in fiscal year 2025. This represents a decrease of 632.5% from the prior year.
Netclass Technology Inc. earned $-0.60 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 566.7% from the prior year.
Netclass Technology Inc. held $1.8M in cash against $0 in long-term debt as of fiscal year 2025.
Netclass Technology Inc. had 10,000 shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Netclass Technology Inc.'s gross margin was 22.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.
Netclass Technology Inc.'s operating margin was -111.5% in fiscal year 2025, reflecting core business profitability. This is down 98.8 percentage points from the prior year.
Netclass Technology Inc.'s net profit margin was -110.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 95.8 percentage points from the prior year.
Netclass Technology Inc. invested $1.7M in research and development in fiscal year 2025. This represents a decrease of 33.3% from the prior year.
Netclass Technology Inc. invested $6K in capex in fiscal year 2025, funding long-term assets and infrastructure.
NTCL Income Statement
| Metric | Q3'25 | Q2'25 | Q3'24 | Q3'23 |
|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A |
NTCL Balance Sheet
| Metric | Q3'25 | Q2'25 | Q3'24 | Q3'23 |
|---|---|---|---|---|
| Total Assets | $13.8M+22.0% | $11.3M+56.5% | $7.2M+10.5% | $6.5M |
| Current Assets | $8.9M-4.2% | $9.3M+30.5% | $7.1M+12.2% | $6.3M |
| Cash & Equivalents | $1.8M-2.3% | $1.8M+339.6% | $411K-21.7% | $525K |
| Inventory | $306K+53.0% | $200K+182.8% | $71K | N/A |
| Accounts Receivable | $5.6M+19.9% | $4.7M-12.1% | $5.3M+131.6% | $2.3M |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $7.8M+69.8% | $4.6M+10.7% | $4.2M+98.7% | $2.1M |
| Current Liabilities | $6.9M+61.6% | $4.2M+1.8% | $4.2M+99.9% | $2.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A |
| Total Equity | $5.8M-11.5% | $6.5M+120.0% | $3.0M-33.1% | $4.4M |
| Retained Earnings | -$12.5M-90.2% | -$6.6M-286.6% | -$1.7M-934.0% | -$165K |
NTCL Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q3'24 | Q3'23 |
|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
NTCL Financial Ratios
| Metric | Q3'25 | Q2'25 | Q3'24 | Q3'23 |
|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A |
| Current Ratio | 1.29-0.9 | 2.18+0.5 | 1.70-1.3 | 3.03 |
| Debt-to-Equity | 1.35+0.6 | 0.71-0.7 | 1.40+0.9 | 0.47 |
| FCF Margin | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Netclass Technology Inc.'s annual revenue?
Netclass Technology Inc. (NTCL) reported $9.8M in total revenue for fiscal year 2025. This represents a -2.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Netclass Technology Inc.'s revenue growing?
Netclass Technology Inc. (NTCL) revenue declined by 2.9% year-over-year, from $10.1M to $9.8M in fiscal year 2025.
Is Netclass Technology Inc. profitable?
No, Netclass Technology Inc. (NTCL) reported a net income of -$10.8M in fiscal year 2025, with a net profit margin of -110.4%.
What is Netclass Technology Inc.'s earnings per share (EPS)?
Netclass Technology Inc. (NTCL) reported diluted earnings per share of $-0.60 for fiscal year 2025. This represents a -566.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Netclass Technology Inc.'s EBITDA?
Netclass Technology Inc. (NTCL) had EBITDA of -$10.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Netclass Technology Inc.'s gross margin?
Netclass Technology Inc. (NTCL) had a gross margin of 22.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Netclass Technology Inc.'s operating margin?
Netclass Technology Inc. (NTCL) had an operating margin of -111.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Netclass Technology Inc.'s net profit margin?
Netclass Technology Inc. (NTCL) had a net profit margin of -110.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Netclass Technology Inc.'s free cash flow?
Netclass Technology Inc. (NTCL) generated -$5.7M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Netclass Technology Inc.'s operating cash flow?
Netclass Technology Inc. (NTCL) generated -$5.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Netclass Technology Inc.'s total assets?
Netclass Technology Inc. (NTCL) had $13.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Netclass Technology Inc.'s capital expenditures?
Netclass Technology Inc. (NTCL) invested $6K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Netclass Technology Inc. spend on research and development?
Netclass Technology Inc. (NTCL) invested $1.7M in research and development during fiscal year 2025.
How many shares does Netclass Technology Inc. have outstanding?
Netclass Technology Inc. (NTCL) had 10,000 shares outstanding as of fiscal year 2025.
What is Netclass Technology Inc.'s current ratio?
Netclass Technology Inc. (NTCL) had a current ratio of 1.29 as of fiscal year 2025, which is considered adequate.
What is Netclass Technology Inc.'s debt-to-equity ratio?
Netclass Technology Inc. (NTCL) had a debt-to-equity ratio of 1.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Netclass Technology Inc.'s return on assets (ROA)?
Netclass Technology Inc. (NTCL) had a return on assets of -78.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Netclass Technology Inc.'s cash runway?
Based on fiscal year 2025 data, Netclass Technology Inc. (NTCL) had $1.8M in cash against an annual operating cash burn of $5.7M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Netclass Technology Inc.'s Piotroski F-Score?
Netclass Technology Inc. (NTCL) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Netclass Technology Inc.'s earnings high quality?
Netclass Technology Inc. (NTCL) has an earnings quality ratio of 0.53x, considered low quality (accrual-driven). 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.
Can Netclass Technology Inc. cover its interest payments?
Netclass Technology Inc. (NTCL) has an interest coverage ratio of -73.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Netclass Technology Inc.?
Netclass Technology Inc. (NTCL) scores 23 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.