NetClass Technology Inc Class A (NTCL)
NASDAQ:NTCL
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NetClass Technology Inc Class A
(NASDAQ:NTCL)
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Rating:45Neutral
Price Target:
$0.49
▲(32.43% Upside)
Action:UpgradedDate:04/02/26
The score is held down primarily by weak financial performance (large FY2025 loss and significant cash burn, with rising leverage risk). Technicals provide some offset due to strong short-term momentum, but overbought indicators and a weaker longer-term trend temper that support; valuation is also constrained by loss-making earnings and no dividend yield.
Positive Factors
Edtech-focused business model and product suite
NetClass's core focus on digital learning platforms and services positions it within a durable secular trend toward online education and corporate training. This business model can generate recurring SaaS and service revenues from institutions and enterprises, supporting long-term customer relationships and scalable unit economics if adoption grows.
Negative Factors
Significant cash burn and negative free cash flow
Sustained negative operating and free cash flow indicate the business currently consumes cash to run and grow, increasing reliance on external financing. Continued burn depletes runway, forces dilutive equity raises or costly debt, and constrains reinvestment in product and sales until operations return to sustainable cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Edtech-focused business model and product suite
NetClass's core focus on digital learning platforms and services positions it within a durable secular trend toward online education and corporate training. This business model can generate recurring SaaS and service revenues from institutions and enterprises, supporting long-term customer relationships and scalable unit economics if adoption grows.
Read all positive factors
NetClass Technology Inc Class A (NTCL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.60M
Dividend YieldN/A
Average Volume (3M)94.10K
Price to Earnings (P/E)―
Beta (1Y)-1.26
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees37
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding19,992,031
10 Day Avg. Volume157,756
30 Day Avg. Volume94,096
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)4.27
Price to Sales (P/S)2.52
P/FCF Ratio-3.08
Enterprise Value/Market Cap1.12
Enterprise Value/Revenue1.10
Enterprise Value/Gross Profit4.81
Enterprise Value/Ebitda-1.18
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NetClass Technology Inc Class A Business Overview & Revenue Model
Company Description
NetClass Technology Inc, through its subsidiaries, provides online professional education platform and related courseware in the People's Republic of China, Hong Kong, Singapore, and the Cayman Islands. Its solutions modules include teaching manag...
How the Company Makes Money
NetClass Technology Inc. generates revenue primarily by providing technology products and services tied to its digital learning/education offerings. Key revenue streams typically include (1) fees for access to or use of its software/platform (e.g....
NetClass Technology Inc Class A Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
14
Very Negative
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.81M | 10.10M | 11.09M | 9.26M | 11.56M |
| Gross Profit | 2.24M | 2.31M | 2.36M | 3.04M | 3.98M |
| EBITDA | -9.11M | -1.28M | 482.83K | 166.93K | 1.34M |
| Net Income | -10.82M | -1.48M | 162.23K | 132.69K | 1.07M |
Balance Sheet | |||||
| Total Assets | 13.81M | 7.23M | 6.54M | 4.35M | 4.22M |
| Cash, Cash Equivalents and Short-Term Investments | 1.76M | 410.72K | 524.60K | 208.21K | 1.04M |
| Total Debt | 2.71M | 13.12K | 54.36K | 130.94K | 98.55K |
| Total Liabilities | 7.83M | 4.17M | 2.10M | 1.94M | 1.69M |
| Stockholders Equity | 5.78M | 2.97M | 4.44M | 2.41M | 2.53M |
Cash Flow | |||||
| Free Cash Flow | -8.03M | -135.66K | 391.88K | -571.45K | 742.32K |
| Operating Cash Flow | -5.72M | -135.66K | 391.88K | -571.45K | 745.80K |
| Investing Cash Flow | -2.29M | 0.00 | 0.00 | 0.00 | 19.57K |
| Financing Cash Flow | 9.36M | 10.87K | -152.91K | -125.58K | -30.23K |
NetClass Technology Inc Class A Risk Analysis
NetClass Technology Inc Class A disclosed 54 risk factors in its most recent earnings report. NetClass Technology Inc Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
The market price of our Class A Ordinary Shares has recently declined significantly, and our Class A Ordinary Shares could be delisted from the Nasdaq or trading could be suspended. Q3, 2025
NetClass Technology Inc Class A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
45 Neutral | $9.60M | -2.28 | -174.91% | ― | ― | ― | |
43 Neutral | $13.16M | -1.46 | -302.04% | ― | 72.57% | -261.66% | |
43 Neutral | $14.29M | -1.79 | -147.57% | ― | ― | ― | |
38 Underperform | $126.51M | -0.54 | -337.15% | ― | 34.50% | 70.55% |
* Technology Sector Average
NTCL
NetClass Technology Inc Class A
0.48
-9.57
-95.22%
IDAI
T Stamp, Inc. Class A
2.49
0.76
43.93%
SPPL
Simpple Ltd.
1.95
-1.49
-43.46%
RYDE
Ryde Group Limited Class A
1.04
0.81
358.15%
CSAI
Cloudastructure, Inc. Class A
0.58
-4.12
-87.62%
WETO
Webus International Limited
0.48
-3.27
-87.23%
NetClass Technology Inc Class A Corporate Events
NetClass Technology Raises $6 Million in Private Share Offering and Enters Standstill Deal With Noteholder
Apr 3, 2026
On March 18, 2026, NetClass Technology Inc. entered into a standstill agreement with a prior accredited investor noteholder, paying an aggregate $268,518.81 so that the investor would temporarily refrain from converting a $2.2 million convertible ...
NetClass Technology Pays Advisors and Advertiser With 10.1 Million Shares for English Assessment Push
Mar 2, 2026
In February 2026, NetClass Technology Inc. signed a series of share-based service agreements to support marketing and development of its AI-driven English assessment offerings. The company agreed to pay all four counterparties in newly issued Clas...
NetClass Technology Wins Shareholder Approval for Massive Capital Increase and Flexible Share Consolidation Plan
Feb 17, 2026
On February 13, 2026, NetClass Technology Inc. held an extraordinary general meeting in Singapore for holders of its Class A and Class B ordinary shares, with attendees representing about 91.1% of total voting power, thereby satisfying quorum requ...
NetClass Technology Standardizes Director Pay with New Cash-Based Agreement
Jan 30, 2026
NetClass Technology Inc., a Cayman Islands-registered company with principal executive offices in Singapore, has updated the compensation arrangements for one of its independent directors as part of its ongoing post-IPO governance and board-remune...
NetClass Technology Faces Nasdaq Bid-Price Deficiency, Given Until July 27 to Regain Compliance
Jan 29, 2026
On January 27, 2026, NetClass Technology Inc received a notice from Nasdaq’s Listing Qualifications Department that its Class A ordinary shares had traded below the US$1.00 minimum bid price requirement for 30 consecutive business days, putt...
NetClass Technology Calls February EGM to Approve Massive Capital Increase and Flexible Reverse Stock Split Authority
Jan 23, 2026
On January 23, 2026, NetClass Technology Inc called an extraordinary general meeting (EGM) of shareholders to be held on February 13, 2026 in Singapore, asking investors to vote on a sweeping set of capital and governance changes. The board is see...
Glossary
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Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.