NTCLNasdaqServices-Prepackaged SoftwareUS GAAP · USD

NetClass Technology Inc

NetClass Technology Inc is a U.S.-listed B2B software company focused on smart education and training technology. It develops SaaS subscription services and application software for teaching management, campus administration, online learning, examinations, and related digital education workflows through offices in Shanghai, Hong Kong, Singapore, and Tokyo.

Kysy yhtiöstä
Liikevaihto9,8milj. USD
−2,9 %v/v
Liikevoitto (EBIT)−10,9milj. USD
−748,4 %v/v
EBIT-marginaali−111,5%
−98,8 %-yks.v/v
Nettotulos−10,8milj. USD
−632,5 %v/v
Vapaa kassavirta−5,7milj. USD

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−15−10−5051015milj. USD2022: 9,3 milj. USD2022: EBIT 0,05 milj. USD20222023: 11 milj. USD2023: EBIT 0,39 milj. USD20232024: 10 milj. USD2024: EBIT −1,3 milj. USD20242025: 9,8 milj. USD2025: EBIT −11 milj. USD20259,8−11
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: NetClass Technology Inc

Liiketoiminta

Osuus liikevaihdosta
SaaS subscription services45 %

Recurring software access for education and training management workflows.

Custom application software20 %

Tailored software development for schools and other institutions.

Teaching and campus management15 %

Systems used to manage classes, students, and campus operations.

Assessment and online learning tools15 %

Platforms for online teaching, examinations, and lecturer evaluation.

Blockchain and data services5 %

EDC blockchain systems and data storage solutions for education records.

Tuotteet

Raportoitu · osuus liikevaihdosta
80,5%18,0%FY2025100 %
  • Application Development Services80,5 %
  • Subscription Service18,0 %
  • Artificial Intelligence Power Support Services1,5 %

Lähde: 20-F FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

NetClass sells to institutions that need software to manage learning, assessment, and campus operations. Its customer base includes schools, training institutions, corporations, public agencies, and other organizations that buy software to digitize education and workforce development processes. The company also targets multilingual and cross-border use cases where standardized assessment and teaching tools are needed.

Schools and universities

Buy teaching, campus management, online learning, and exam systems to digitize academic operations.

Training institutions

Use subscription software for course delivery, assessment, and learner administration.

Corporations

Purchase evaluation and training tools for employee learning and certification workflows.

Public agencies

Adopt software for education administration, testing, and digital workflow management.

International language programs

Use multilingual assessment tools such as Portuguese proficiency testing.

Strategia

NetClass is building a broader smart-education platform around SaaS, custom software, and AI-enabled assessment tools. Its strategy appears centered on expanding multilingual education use cases, deepening institutional partnerships, and extending its product set across teaching, testing, and campus management. These priorities are meant to strengthen customer stickiness and make the platform useful across more education scenarios and geographies.

Multilingual product expansionLyhyt aikaväli

Broader language coverage increases addressable institutional demand and supports international sales.

Institutional partnershipsKeskipitkä aikaväli

Partnerships help validate products, deepen adoption, and create repeatable education-use cases.

Platform breadth across education workflowsKeskipitkä aikaväli

A wider product stack increases switching costs and expands wallet share at existing customers.

Maantiede

2025

The company operates from offices in Shanghai, Hong Kong, Singapore, and Tokyo, reflecting an Asia-centered operating footprint with cross-border service capability. Its products are positioned for schools and institutions in multiple languages and jurisdictions, including recent collaboration activity in Portugal. Geography matters because customer adoption, language localization, and regulatory requirements differ by market and education system.

Kina49 %
Hong Kong34 %
Cayman Islands7,1 %
Japan5,3 %
Singapore4,2 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

NetClass faces the typical risks of a niche software provider serving education customers, including sales-cycle variability, localization complexity, and reliance on continued institution adoption. The company also carries specific listing and financial reporting risks, including Nasdaq compliance matters, receivable collection, and derivative-related valuation volatility.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Nasdaq continued listing compliance1Accounts receivable collection2Customer budget sensitivity3Derivative liability fair value changes4Localized product adoption5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Nasdaq continued listing complianceVaikutus: KorkeaTodennäköisyys: Korkea

    The company has disclosed efforts to regain compliance with Nasdaq requirements, creating listing uncertainty.

    Kohdistuu: Capital markets access and trading status

  2. Accounts receivable collectionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Management identifies allowance for doubtful accounts as a critical estimate, indicating meaningful credit risk.

    Kohdistuu: Institutional customer payments

  3. Customer budget sensitivityVaikutus: KeskitasoTodennäköisyys: Korkea

    Schools and public institutions often face procurement delays and budget constraints.

    Kohdistuu: SaaS renewals and project timing

  4. Derivative liability fair value changesVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company reports a derivative liability measured at fair value, which can move with assumptions and market inputs.

    Kohdistuu: Warrants or embedded derivatives

  5. Localized product adoptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Education software must fit local language, curriculum, and administrative requirements.

    Kohdistuu: International expansion

Kysy Clarifolta: NetClass Technology Inc

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

SaaS and software development contracts may recognize revenue over time or at delivery.

Vaikutus: Timing of revenue and gross profit

Allowance for doubtful accounts

Institutional customers may pay slowly or default, requiring expected credit loss estimates.

Vaikutus: Receivable net value and expense recognition

Deferred tax asset valuation allowance

Realization depends on future taxable income, which is uncertain for a small software company.

Vaikutus: Tax expense and balance sheet assets

Derivative liability fair value

The company carries a level 3 derivative liability that must be remeasured periodically.

Vaikutus: Non-cash gains or losses in earnings

Foreign currency translation

Operations span multiple Asian offices while the company does not use USD as its functional currency.

Vaikutus: Other comprehensive income and equity

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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17 Education & Technology Group Inc.

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Päivitetty: 28.9.2026

NetClass Technology Inc (NTCL) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo