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NetClass Technology Inc

NTCL

$2.04 ▼ -0.02 (-0.97%) at close

4 Visible periods

29 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

NetClass Technology Inc faces fundamental challenges with weakness in Return on Common Equity (%) and Profit Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $36.7M

Dividend Yield —

Revenue Growth -2.9% ↗

Op. Margin -111.5% ↘

ROIC -187.6% ↘

FCF / Share $-0.32 ↘

Trailing P/E —

Price / Book 6.4x

FCF Yield —

Debt / Equity 0.28

info Valuation on last close. End-of-day price, Sep 23, 2026.

4-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$9.81M

↓ -2.9% —

Net Income Profit after all expenses

$-10.82M

↓ -632.5% —

Operating Margin Operating profit as % of sales

-111.5%

↓ -774.1% 2th

FCF / Share Free cash flow per share

$-0.32

↓ -3596.9% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns

Financial Health

Cash Quality

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📈 Is growth accelerating? 5 metrics

Metric	FY 2025 Sep 30, 2025 20-F ↗	FY 2024 Sep 30, 2024 20-F ↗	FY 2023 Sep 30, 2023 20-F ↗	FY 2022 Sep 30, 2022 20-F ↗
Revenue Growth YoY (%)	-2.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-124%)	-8.9% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-174%)	19.8% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+65%)	—
EPS Growth YoY (%)	-566.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	0.0% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	—
Net Income Growth YoY (%)	-632.5% Weak Weak Year-over-year change in net income	N/M	22.3% Good Good Year-over-year change in net income	—
FCF Growth YoY (%)	-3596.9% Weak Weak Year-over-year change in free cash flow	N/M	N/M	—
Revenue CAGR 3Y (%)	1.9% Weak Weak Compound annual revenue growth over 3 years	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Sep 30, 2025 20-F ↗	FY 2024 Sep 30, 2024 20-F ↗	FY 2023 Sep 30, 2023 20-F ↗	FY 2022 Sep 30, 2022 20-F ↗
Operating Margin (%) (%)	-111.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-658%)	-12.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-164%)	3.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-83%)	0.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)
Effective Tax Rate (%) (%)	0.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-6.6% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	61.3% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	-106.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%
Profit Margin (%) (%)	-110.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-836%)	-14.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-198%)	1.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)	1.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)
FCF Margin (%) (%)	-58.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-1.3% Weak → Weak Stable Free cash flow as a percentage of revenue Optimal: > 10%	3.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-6.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%
FCF / Net Income (x)	0.53x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.09x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	2.42x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-4.31x Weak Weak Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Sep 30, 2025 20-F ↗	FY 2024 Sep 30, 2024 20-F ↗	FY 2023 Sep 30, 2023 20-F ↗	FY 2022 Sep 30, 2022 20-F ↗
Return on Invested Capital (%)	-187.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-46.3% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	3.4% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-79.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-17.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	5.9% Caution Caution Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-187.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1112%)	-49.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-369%)	3.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-80%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Sep 30, 2025 20-F ↗	FY 2024 Sep 30, 2024 20-F ↗	FY 2023 Sep 30, 2023 20-F ↗	FY 2022 Sep 30, 2022 20-F ↗
Debt to Equity (x)	0.28x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-39%)	—	—	—
Interest Coverage (x)	-73.30x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	—	66.89x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	5.00x Fair Fair Operating income divided by interest expense Optimal: > 5x
Net Debt (USD)	$-171.98K	$-410.72K	$-524.60K	$-208.21K
Debt / EBITDA (x)	-0.15x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Sep 30, 2025 20-F ↗	FY 2024 Sep 30, 2024 20-F ↗	FY 2023 Sep 30, 2023 20-F ↗	FY 2022 Sep 30, 2022 20-F ↗
Revenue per Share (USD)	$0.54	$0.64	$0.74	$0.62
Basic EPS, GAAP (USD)	$-0.60	$-0.09	$0.01	$0.01
Free Cash Flow per Share (USD)	$-0.32	$-0.01	$0.03	$-0.04
Book Value per Share (USD)	$0.32	$0.19	$0.30	—
Tangible Book Value per Share (USD)	$0.26	$0.19	$0.30	—
Basic Weighted Avg Shares (shares)	17.99M	15.76M	15.02M	15.00M

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Sep 30, 2025 20-F ↗	FY 2024 Sep 30, 2024 20-F ↗	FY 2023 Sep 30, 2023 20-F ↗	FY 2022 Sep 30, 2022 20-F ↗
Working Capital (USD)	$2.00M	$2.92M	$4.23M	—
Total Equity (USD)	$5.78M	$2.97M	$4.44M	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Sep 30, 2025 20-F ↗	FY 2024 Sep 30, 2024 20-F ↗	FY 2023 Sep 30, 2023 20-F ↗	FY 2022 Sep 30, 2022 20-F ↗
Sales/Revenue/Turnover (USD)	$9.81M	$10.10M	$11.09M	$9.26M
Depreciation Expense (USD)	$279.64K	$10.82K	$96.13K	$118.56K
Net Income, GAAP (USD)	$-10.82M	$-1.48M	$162.23K	$132.69K
Operating Cash Flow (USD)	$-5.72M	$-135.66K	$391.88K	$-571.45K

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Synced yesterday 4 years · 4 quarters

NetClass Technology Inc

Analytical Summary

4-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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