NETCLASS TECHNOLOGY Financials

NTCL Stock

0.28 0.0048 1.71%

Analysis of capital structure and cash generation suggests that NETCLASS TECHNOLOGY maintains balanced financial characteristics. Current profitability metrics are under pressure, reflecting a period of reduced earnings capacity. Consumer-oriented businesses are often evaluated through revenue consistency, margin stability, and inventory management. Recent disclosures position Reconciled Depreciation within a falling cycle. Year-ago financials show NETCLASS TECHNOLOGY with Reconciled Depreciation of 656,948. As of 03/17/2026, Minority Interest is forecasted to advance to approximately 39.5 K this year, whereas Total Revenue is moving lower toward about 10 M.

Cash Flow Balance Sheet Income Statement

Macro event markers

Covid

Interest Hikes

NETCLASS TECHNOLOGY Balance Sheet Account Activities

Cash is tracking at 2.13 Million after a 4.76% move from the prior year. The prior-year reading for Cash was 2.03 Million. As of 03/17/2026, Non Current Assets Total is forecasted to advance to approximately 6 M this year, whereas Total Stockholder Equity is moving lower toward about 3.6 M.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

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Key indicators impacting NETCLASS TECHNOLOGY's financial strength

Current Value

Last Year

Change From Last Year

10 Year Trend

Debt-to-Equity Ratio

0.44

0.42

Sufficiently Up

Slightly volatile

Current Ratio

2.15

1.49

Way Up

Slightly volatile

Net Receivables

3.8 M

6.4 M

Way Down

Slightly volatile

Total Revenue

10 M

11.3 M

Fairly Down

Slightly volatile

Total Assets

16.7 M

15.9 M

Sufficiently Up

Slightly volatile

Investors should not underestimate NETCLASS TECHNOLOGY's ability to pay suppliers on time, meet interest obligations, and allocate excess cash efficiently. Individual investors should research NETCLASS TECHNOLOGY's cash flow, debt, and profitability before forming an investment view. NETCLASS TECHNOLOGY INC reported $-0.52 in Free Cash Flow Per Share, a Cash Ratio of 0.26, and a CAPEX To Operating Cash Flow of -0.38x.

Net Income

-9.26 Million

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Financial statements for NETCLASS TECHNOLOGY are prepared by management under accounting rules that allow significant discretion. Look beyond reported numbers and use analytical tools like the Beneish M Score to assess earnings quality.

NETCLASS TECHNOLOGY Stock Summary

NETCLASS TECHNOLOGY competes with Firefly Neuroscience, Nextplat Corp, ConnectM Technology, SAGTEC GLOBAL, and Real Messenger. NETCLASS TECHNOLOGY is publicly traded on the NASDAQ Exchange in United States.

Specialization	Consumer Discretionary, Software - Application
Instrument	USA Stock View All
Exchange	NASDAQ Exchange
ISIN	KYG6427C1087
Business Address	Unit 11-03, ABI
Sector	Diversified Consumer Services
Industry	Consumer Discretionary
Benchmark	Dow Jones Industrial
Website	www.netclass.cn
Phone	65 9182 1823

Key Financial Ratios

	Return On Equity	-2.4
	Profit Margin	-1.10 %
	Operating Margin	-0.73 %
	Price To Sales	0.65 X
	Revenue	9.81 M

More Fundamentals

Key Balance Sheet Accounts

Leverage shapes both risk and opportunity. NETCLASS TECHNOLOGY's debt and equity mix reflects management's philosophy on financing growth versus preserving shareholder capital. The accounts below show how that balance plays out.

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	4.4M	6.5M	7.2M	13.8M	15.9M	16.7M
Other Current Liab	801.6K	889.2K	951.4K	976.9K	1.1M	857.9K
Net Debt	-77.3K	-470.2K	-397.6K	950.4K	1.1M	1.1M
Retained Earnings	-291.6K	-129.4K	-1.7M	-12.5M	-11.3M	-10.7M
Accounts Payable	1.0M	1.2M	2.9M	1.9M	2.2M	1.7M
Cash	208.2K	524.6K	410.7K	1.8M	2.0M	2.1M
Net Receivables	3.4M	2.3M	5.3M	5.6M	6.4M	3.8M
Inventory	94.6K	1.1M	1.2M	305.7K	351.6K	652.5K
Other Current Assets	353.8K	2.4M	184.0K	1.2M	1.4M	889.8K
Total Liab	1.9M	2.1M	4.2M	7.8M	9.0M	9.5M
Total Current Assets	4.0M	6.3M	7.1M	8.9M	10.2M	6.1M
Short Term Debt	130.9K	41.7K	13.1K	1.7M	2.0M	2.1M
Net Invested Capital	2.5M	4.4M	3.0M	7.8M	9.0M	4.5M
Net Working Capital	2.1M	4.2M	2.9M	2.0M	2.3M	2.9M

Key Income Statement Accounts

Revenue of 9.8 M sets the scale of NETCLASS TECHNOLOGY's operations, but the income statement below is where investors see how efficiently NETCLASS converts that revenue into earnings through operating costs, interest, and taxes.

	2021	2022	2023	2024	2025	2026 (projected)
Total Revenue	9.3M	11.1M	10.1M	9.8M	11.3M	10.0M
Gross Profit	3.0M	2.4M	2.3M	2.2M	2.6M	2.8M
Operating Income	48.4K	386.7K	-1.3M	-10.9M	-9.8M	-9.3M
Ebit	48.4K	386.7K	-1.3M	-9.7M	-8.7M	-8.3M
Research Development	828.3K	567.8K	2.5M	1.7M	1.9M	1.2M
Ebitda	166.9K	482.8K	-1.3M	-9.1M	-8.2M	-7.8M
Cost Of Revenue	6.2M	8.7M	7.8M	7.6M	8.7M	7.3M
Income Before Tax	64.2K	419.6K	-1.3M	-11.0M	-9.9M	-9.4M
Net Income	132.7K	162.2K	-1.5M	-10.8M	-9.7M	-9.3M
Income Tax Expense	-68.5K	257.3K	86.3K	-86.7K	-78.1K	-74.2K
Tax Provision	-68.5K	257.3K	86.3K	-86.7K	-78.1K	-74.2K
Net Interest Income	-8.6K	-4.6K	209.0	-147.9K	-133.1K	-126.5K

Key Cash Accounts

Earnings can be managed, but cash is harder to fabricate. NETCLASS TECHNOLOGY's cash flow statement strips away accrual accounting to show the real movement of money - -5.7 M from operations versus -10.9 M in reported net income.

	2021	2022	2023	2024	2025	2026 (projected)
Change To Inventory	159.5K	0.0	-60.0K	-234.7K	-270.0K	-256.5K
Change In Cash	-740.2K	222.9K	-109.3K	1.3M	1.6M	1.6M
Free Cash Flow	-571.4K	391.9K	-135.7K	-8.0M	-7.2M	-6.9M
Depreciation	118.6K	134.8K	53.0K	571.3K	656.9K	689.8K
Other Non Cash Items	65.8K	609.8K	1.9M	2.1M	2.4M	2.5M
Net Income	132.7K	162.2K	-1.5M	-10.9M	-9.8M	-9.3M
End Period Cash Flow	301.7K	524.6K	415.3K	1.8M	2.0M	2.1M
Net Borrowings	45.2K	-132.0K	0.0	876.2K	1.0M	1.1M

Financial Ratios Relationships

Comparative market metrics assess NETCLASS TECHNOLOGY's pricing relative to peers. You can analyze the relationship between different fundamental ratios across NETCLASS TECHNOLOGY competition to find correlations between indicators driving NETCLASS TECHNOLOGY's intrinsic value. More Info.

NETCLASS TECHNOLOGY INC sits atop the peer group for return on equity within its peer group. It also sits atop the peer group for return on asset within its peer group . Return On Equity is showing structural movement consistent with a falling trend. NETCLASS TECHNOLOGY entered the current period with Return On Equity of -2.15 on the books. Earnings-based multiples benchmark NETCLASS TECHNOLOGY's market valuation.

Core Fundamental Drivers

Individual fundamental indicators provide only partial insight. Studying the full set highlights NETCLASS TECHNOLOGY INC underlying financial trends. NETCLASS TECHNOLOGY INC currently reports revenue of 9.81 M, profit margin of -110.4%, ROE of -2.4%. NETCLASS TECHNOLOGY has a market cap of 6.35 M, operating margin of -73.19%, ROE of -2.4%. See Correlation Analysis for portfolio-level analysis. This suggests a position in NETCLASS TECHNOLOGY INC inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in poverty.

Fiscal trend analysis indicates Selling General Administrative is set to increase significantly relative to last year. NETCLASS TECHNOLOGY last posted Selling General Administrative of 10.62 Million. As of 03/17/2026, Issuance Of Capital Stock is forecasted to advance to approximately 12.5 M this year, although Enterprise Value Over EBITDA is expected to rise to -3.08 .

	2025	2026 (projected)
Interest Expense	5.2K	7.0K
Depreciation And Amortization	656.9K	689.8K

Interest Expense Depreciation And Amortization

Financial Account Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Current Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		0.97	0.32	0.98	0.85	0.93	0.86	-0.94	0.5	0.95	0.96	0.97	0.95	0.82	0.9	0.96	-0.16	0.41	0.99	0.98	0.87	0.97	-0.61	0.68	0.86	0.97
Short Long Term Debt Total	0.97		0.32	0.97	0.77	0.99	0.93	-0.98	0.39	0.95	1.0	1.0	0.95	0.72	0.89	1.0	-0.32	0.35	0.99	0.98	0.76	1.0	-0.45	0.53	0.84	1.0
Other Current Liab	0.32	0.32		0.41	0.25	0.32	0.58	-0.37	0.52	0.07	0.32	0.33	0.07	0.29	0.4	0.35	0.32	0.43	0.32	0.4	0.37	0.3	0.22	0.33	0.4	0.3
Total Current Liabilities	0.98	0.97	0.41		0.76	0.95	0.91	-0.96	0.6	0.92	0.96	0.97	0.92	0.8	0.91	0.97	-0.14	0.3	0.98	1.0	0.82	0.97	-0.47	0.59	0.82	0.97
Total Stockholder Equity	0.85	0.77	0.25	0.76		0.7	0.62	-0.77	0.41	0.82	0.76	0.77	0.82	0.87	0.85	0.75	-0.19	0.6	0.82	0.76	0.97	0.78	-0.74	0.86	0.95	0.77
Property Plant And Equipment Net	0.93	0.99	0.32	0.95	0.7		0.94	-0.97	0.35	0.93	0.99	0.99	0.93	0.65	0.87	1.0	-0.34	0.31	0.97	0.96	0.69	0.99	-0.34	0.42	0.81	0.99
Net Debt	0.86	0.93	0.58	0.91	0.62	0.94		-0.93	0.4	0.78	0.93	0.93	0.78	0.61	0.81	0.94	-0.28	0.33	0.9	0.92	0.64	0.92	-0.21	0.45	0.76	0.92
Retained Earnings	-0.94	-0.98	-0.37	-0.96	-0.77	-0.97	-0.93		-0.47	-0.92	-0.98	-0.98	-0.92	-0.75	-0.88	-0.98	0.3	-0.32	-0.97	-0.97	-0.79	-0.98	0.39	-0.52	-0.87	-0.97
Accounts Payable	0.5	0.39	0.52	0.6	0.41	0.35	0.4	-0.47		0.34	0.39	0.4	0.34	0.69	0.56	0.4	0.41	-0.03	0.45	0.57	0.63	0.39	-0.22	0.45	0.43	0.4
Cash	0.95	0.95	0.07	0.92	0.82	0.93	0.78	-0.92	0.34		0.95	0.95	1.0	0.74	0.87	0.94	-0.32	0.32	0.96	0.92	0.78	0.96	-0.6	0.54	0.83	0.96
Non Current Assets Total	0.96	1.0	0.32	0.96	0.76	0.99	0.93	-0.98	0.39	0.95		1.0	0.95	0.71	0.89	1.0	-0.32	0.34	0.99	0.97	0.75	1.0	-0.43	0.51	0.84	1.0
Non Current Assets Other	0.97	1.0	0.33	0.97	0.77	0.99	0.93	-0.98	0.4	0.95	1.0		0.95	0.73	0.9	1.0	-0.32	0.35	0.99	0.98	0.77	1.0	-0.45	0.54	0.85	1.0
Cash And Short Term Investments	0.95	0.95	0.07	0.92	0.82	0.93	0.78	-0.92	0.34	1.0	0.95	0.95		0.74	0.87	0.94	-0.32	0.32	0.96	0.92	0.78	0.96	-0.6	0.54	0.83	0.96
Net Receivables	0.82	0.72	0.29	0.8	0.87	0.65	0.61	-0.75	0.69	0.74	0.71	0.73	0.74		0.85	0.7	-0.18	0.2	0.78	0.79	0.94	0.74	-0.73	0.86	0.82	0.72
Common Stock Shares Outstanding	0.9	0.89	0.4	0.91	0.85	0.87	0.81	-0.88	0.56	0.87	0.89	0.9	0.87	0.85		0.89	-0.25	0.35	0.91	0.91	0.88	0.9	-0.49	0.65	0.91	0.9
Non Current Liabilities Total	0.96	1.0	0.35	0.97	0.75	1.0	0.94	-0.98	0.4	0.94	1.0	1.0	0.94	0.7	0.89		-0.3	0.35	0.99	0.98	0.75	1.0	-0.4	0.5	0.84	1.0
Inventory	-0.16	-0.32	0.32	-0.14	-0.19	-0.34	-0.28	0.3	0.41	-0.32	-0.32	-0.32	-0.32	-0.18	-0.25	-0.3		0.23	-0.24	-0.16	-0.05	-0.33	0.17	-0.05	-0.27	-0.29
Other Current Assets	0.41	0.35	0.43	0.3	0.6	0.31	0.33	-0.32	-0.03	0.32	0.34	0.35	0.32	0.2	0.35	0.35	0.23		0.39	0.31	0.5	0.34	-0.25	0.48	0.57	0.35
Other Stockholder Equity	0.99	0.99	0.32	0.98	0.82	0.97	0.9	-0.97	0.45	0.96	0.99	0.99	0.96	0.78	0.91	0.99	-0.24	0.39		0.98	0.82	0.99	-0.53	0.61	0.86	0.99
Total Liab	0.98	0.98	0.4	1.0	0.76	0.96	0.92	-0.97	0.57	0.92	0.97	0.98	0.92	0.79	0.91	0.98	-0.16	0.31	0.98		0.81	0.97	-0.46	0.58	0.82	0.98
Total Current Assets	0.87	0.76	0.37	0.82	0.97	0.69	0.64	-0.79	0.63	0.78	0.75	0.77	0.78	0.94	0.88	0.75	-0.05	0.5	0.82	0.81		0.77	-0.7	0.87	0.92	0.76
Short Term Debt	0.97	1.0	0.3	0.97	0.78	0.99	0.92	-0.98	0.39	0.96	1.0	1.0	0.96	0.74	0.9	1.0	-0.33	0.34	0.99	0.97	0.77		-0.47	0.55	0.85	1.0
Common Stock	-0.61	-0.45	0.22	-0.47	-0.74	-0.34	-0.21	0.39	-0.22	-0.6	-0.43	-0.45	-0.6	-0.73	-0.49	-0.4	0.17	-0.25	-0.53	-0.46	-0.7	-0.47		-0.83	-0.5	-0.46
Current Deferred Revenue	0.68	0.53	0.33	0.59	0.86	0.42	0.45	-0.52	0.45	0.54	0.51	0.54	0.54	0.86	0.65	0.5	-0.05	0.48	0.61	0.58	0.87	0.55	-0.83		0.71	0.53
Net Invested Capital	0.86	0.84	0.4	0.82	0.95	0.81	0.76	-0.87	0.43	0.83	0.84	0.85	0.83	0.82	0.91	0.84	-0.27	0.57	0.86	0.82	0.92	0.85	-0.5	0.71		0.84
Property Plant And Equipment Gross	0.97	1.0	0.3	0.97	0.77	0.99	0.92	-0.97	0.4	0.96	1.0	1.0	0.96	0.72	0.9	1.0	-0.29	0.35	0.99	0.98	0.76	1.0	-0.46	0.53	0.84

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Account Relationship Matchups

fundamental Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	4.4M	6.5M	7.2M	13.8M	15.9M	16.7M
Other Current Liab	801.6K	889.2K	951.4K	976.9K	1.1M	857.9K
Net Debt	-77.3K	-470.2K	-397.6K	950.4K	1.1M	1.1M
Retained Earnings	-291.6K	-129.4K	-1.7M	-12.5M	-11.3M	-10.7M
Accounts Payable	1.0M	1.2M	2.9M	1.9M	2.2M	1.7M
Cash	208.2K	524.6K	410.7K	1.8M	2.0M	2.1M
Net Receivables	3.4M	2.3M	5.3M	5.6M	6.4M	3.8M
Inventory	94.6K	1.1M	1.2M	305.7K	351.6K	652.5K
Other Current Assets	353.8K	2.4M	184.0K	1.2M	1.4M	889.8K
Total Liab	1.9M	2.1M	4.2M	7.8M	9.0M	9.5M
Total Current Assets	4.0M	6.3M	7.1M	8.9M	10.2M	6.1M
Short Term Debt	130.9K	41.7K	13.1K	1.7M	2.0M	2.1M
Net Invested Capital	2.5M	4.4M	3.0M	7.8M	9.0M	4.5M
Net Working Capital	2.1M	4.2M	2.9M	2.0M	2.3M	2.9M

Financial Metrics, Fundamentals & Methodology

NETCLASS TECHNOLOGY reports annual revenue of 9.81 M, a profit margin of -110.4%, ROE of -2.4%, an operating margin of -73.19%. Long-term financial strength of NETCLASS TECHNOLOGY depends on its ability to manage growth and leverage cycles. Cash-flow generation trends help validate reported earnings quality. NETCLASS TECHNOLOGY financial statements indicate revenue of 9.81 M, EPS loss of 0.6, negative operating margin of 73.19%.

For NETCLASS TECHNOLOGY INC, this section uses periodic company reporting and market reference feeds with Macroaxis normalization rules applied to keep cross-asset comparisons consistent. Intraday timing differences may exist. Statement-level metrics reflect company-reported GAAP or IFRS formats for the relevant filing period.

This content is curated and reviewed by:

Gabriel Shpitalnik - Member of Macroaxis Editorial Board

Last reviewed on February 23rd, 2026

More Resources for NETCLASS Stock Analysis

Understanding NETCLASS TECHNOLOGY INC typically begins with financial statements and long-term trend review. Key ratios help frame profitability, efficiency, and growth context for NETCLASS TECHNOLOGY INC Stock. Outlined below are key reports that provide context for NETCLASS TECHNOLOGY INC Stock:

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What is NETCLASS TECHNOLOGY's Net Worth?

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NETCLASS TECHNOLOGY has a market cap of 6.35 M, operating margin of -73.19%, ROE of -2.4%. See Correlation Analysis for portfolio-level analysis. This suggests a position in NETCLASS TECHNOLOGY INC inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in poverty.

NETCLASS TECHNOLOGY currently shows ROE of -2.4%, market cap of 6.35 Million. Investors get more value from NETCLASS TECHNOLOGY analysis when it is combined with the construction and diversification tools listed below. For NETCLASS TECHNOLOGY, the analytical tools below add portfolio-level context that single-security review alone cannot provide. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Earnings Share

-0.60

Revenue Per Share

0.545

Quarterly Revenue Growth

-0.03

Return On Assets

-0.58

Return On Equity

-2.40

Investors evaluate NETCLASS TECHNOLOGY INC using market value and book value, each describing different facets of the business. NETCLASS TECHNOLOGY's market capitalization is 6.35 M. At P/B 1.1, NETCLASS TECHNOLOGY trades moderately above book value. Enterprise value stands at 7.3 M. Intrinsic value represents an estimate of underlying worth and can differ from both market price and book value. Valuation methods compare these perspectives to frame context.

Note that NETCLASS TECHNOLOGY's intrinsic value and market price are different measures derived from different inputs. For NETCLASS TECHNOLOGY, key inputs include a P/B ratio of 1.1, a profit margin of -110.4%, ROE of -2.4%, and revenue of 9.81 M. NETCLASS TECHNOLOGY market price reflects the current exchange level formed by active bids and offers.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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NETCLASS TECHNOLOGY Financials

NETCLASS TECHNOLOGY Balance Sheet Account Activities

Key indicators impacting NETCLASS TECHNOLOGY's financial strength

Net Income

NETCLASS TECHNOLOGY Stock Summary

Key Financial Ratios

Key Balance Sheet Accounts

Key Income Statement Accounts

Key Cash Accounts

Financial Ratios Relationships

Core Fundamental Drivers

Financial Account Correlations

Account Relationship Matchups

High Positive Relationship

High Negative Relationship

fundamental Accounts

Financial Metrics, Fundamentals & Methodology

This content is curated and reviewed by:

More Resources for NETCLASS Stock Analysis

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Non Current Assets Total	+ 1.0	Short Long Term Debt Total
Non Current Assets Other	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Short Term Debt	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities

Short Term Debt	- 0.98	Retained Earnings
Non Current Liabilities Total	- 0.98	Retained Earnings
Non Current Assets Other	- 0.98	Retained Earnings
Non Current Assets Total	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Short Long Term Debt Total
Property Plant And Equipment Gross	- 0.97	Retained Earnings