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Sunday 1 November 2026
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NaaS Technology Inc. Sponsored ADR
NAAS Consumer Cyclical Specialty Retail
NaaS Technology Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $17.9 million, down 35.0% from fiscal 2024.
- Revenue
- −36.0%
- EPS
- +5.85%
- Free cash flow
- −165.5%
Quarter to December 2024, against a year earlier
2.35
0.08
−3.29%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
4 | 4 | 5 | 3 | 2 | 2 | 3 | 7 | — | — |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 73.58 | 86.05 | 297.60 | 332.20 |
Altman Z-Score |
(44.68) | (21.37) | (5.05) | 4.52 | (16.13) | 2.71 | 3.81 | 4.88 | 7.45 | — |
P/S ratio |
0.30 | 2.81 | 28.87 | 87.83 | 0.60 | 9.37 | 7.31 | 9.80 | 0.00 | 0.00 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 166.09 | 4.28 | 52.67 | 16.59 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
(116.21) | (56.32) | (19.79) | (27.66) | (45.51) | (1.46) | 0.46 | 0.97 | 0.11 | 0.23 |
Beneish M-Score |
(9.85) | (8.44) | (3.95) | 211.31 | 116.13 | (1.04) | (2.00) | (3.44) | (1.83) | — |
P/Operating CF |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/B ratio |
0.00 | 0.00 | 0.00 | 68.72 | 1.68 | 17.90 | 17.91 | 28.29 | 0.00 | 0.00 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 68.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
3.09 | 6.12 | 30.41 | 87.85 | 0.48 | 9.14 | 6.97 | 9.23 | 0.00 | 0.00 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 47.86 | 56.54 | 0.00 | 0.00 |
EV/Operating CF |
(0.83) | (1.64) | (10.49) | 77.99 | 1.62 | 24.12 | 12.49 | 0.00 | 0.00 | 0.00 |
EV/FCF |
(0.52) | (1.03) | (9.26) | 166.13 | 3.45 | 51.38 | 15.82 | 0.00 | 0.00 | 0.00 |
Quick Ratio |
0.09 | 0.13 | 0.74 | 3.35 | 1.88 | 0.55 | 0.83 | 1.03 | 1.06 | 0.86 |
Current Ratio |
0.19 | 0.33 | 1.40 | 4.84 | 3.56 | 0.64 | 0.88 | 1.10 | 1.11 | 0.93 |
Net Debt/EBITDA |
(1.92) | (1.90) | (0.47) | 0.00 | (3.31) | 4.62 | (1.73) | (2.67) | (8.51) | (2.03) |
Debt/Assets |
186.43% | 163.77% | 70.13% | 45.50% | 376.40% | 17.23% | 17.99% | 25.64% | 31.87% | 24.75% |
Debt/Equity |
(0.65) | (1.41) | (23.57) | 1.15 | (1.29) | 0.83 | 0.81 | 1.33 | 2.11 | 0.93 |
Asset Turnover |
0.27 | 0.19 | 0.25 | 0.16 | 0.03 | 0.38 | 0.60 | 0.59 | 0.57 | 0.41 |
Operating CF/Net income |
0.00 | 0.20 | 0.43 | 0.10 | 2.17 | 1.55 | (0.27) | 2.66 | (7.20) | 4.45 |
Capex/Depreciation |
0.00 | (34.11) | (0.37) | (45.39) | 0.00 | (0.41) | (0.80) | (1.11) | (0.97) | (0.62) |
Interest Coverage |
(8.16) | (12.70) | (32.36) | (239.42) | (15,693.33) | (5.86) | 6.54 | 6.14 | (0.02) | 11.66 |
| 54.35% | 228.67% | (640.39%) | (3,292.95%) | (124.04%) | (24.37%) | 27.66% | 37.95% | (14.15%) | 14.98% | |
| (93.80%) | (84.70%) | (100.40%) | (989.78%) | (20.70%) | (5.24%) | 5.79% | 6.58% | (2.82%) | 3.08% | |
ROIC |
0.00% | (180.09%) | (148.25%) | (358.74%) | (183.13%) | (30.84%) | 131.79% | 0.00% | 0.00% | 39.17% |
Return on Tangible Assets |
48.34% | 100.57% | (394.47%) | (760.54%) | (586.78%) | 41.88% | (1,309.91%) | 56.77% | (22.64%) | 269.08% |
Average Days of Receivables |
63.34 | 80.82 | 83.41 | 511.25 | 1.97 | 1.15 | 0.46 | 0.76 | 3.42 | 1.33 |
Research and Development Expense of Revenue |
11.67% | 20.93% | 19.70% | 39.38% | 90.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
226.67% | 285.36% | 348.84% | 2,626.08% | 90.77% | 51.53% | 40.01% | 38.35% | 53.41% | 38.90% |
Intangible Assets out of Total Assets |
0.01 | 0.00 | 0.04 | 0.00 | 0.00 | 0.35 | 0.31 | 0.30 | 0.35 | 0.46 |
Share Based Compensation of Revenue |
(13.99%) | 79.82% | 124.68% | 2,060.74% | 0.00% | 1.88% | 3.13% | 1.46% | 9.83% | 0.00% |
Graham Net Nets |
(10.45) | (1.22) | (0.04) | 0.01 | (1.71) | (0.13) | (0.10) | (0.04) | (0.04) | (0.04) |
Graham Number |
0.00 | 162.16 | 55.60 | 0.00 | 0.00 | 0.00 | 1,461.42 | 1,224.49 | 0.00 | 0.00 |
Earnings Yield |
(1,132.42%) | (119.61%) | (13.72%) | (7.90%) | (8.31%) | (1.50%) | 1.36% | 1.16% | 0.34% | 0.30% |
Free Cash Flow Yield |
(1,993.17%) | (210.53%) | (11.38%) | 0.60% | 23.37% | 1.90% | 6.03% | 0.00% | 0.00% | 0.00% |
Revenue per Share |
1.47 | 8.37 | 15.96 | 5.58 | 36.74 | 1,040.30 | 1,529.88 | 1,299.08 | 1,171.19 | 837.68 |
Operating CF per Share |
0.01 | (7.46) | (28.18) | (34.94) | (599.87) | (223.31) | (39.87) | 388.16 | 417.19 | 282.86 |
Capex per Share |
0.00 | (22.55) | (0.32) | (1.03) | 0.00 | (40.03) | (62.45) | (75.47) | (64.12) | (51.34) |
Free Cash Flow per Share |
0.01 | (30.02) | (28.50) | (35.97) | (599.87) | (263.34) | (102.32) | 312.69 | 353.07 | 231.52 |
Cash per Share |
0.97 | 5.66 | 26.64 | 30.89 | 17.81 | 693.76 | 1,023.12 | 1,344.93 | 1,310.89 | 773.70 |
Shareholders Equity per Share |
(10.49) | (31.42) | (2.17) | 26.41 | (99.06) | 544.33 | 624.48 | 450.26 | 357.33 | 469.42 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
(10.49) | (31.42) | (2.17) | 26.41 | (99.06) | 544.33 | 624.48 | 450.26 | 357.33 | 469.42 |
Free Cash Flow |
0.07 | (98.70) | (80.51) | (86.68) | (84.70) | (37.18) | (14.69) | 44.53 | 44.91 | 28.99 |
Working Capital |
(130.00) | (124.79) | 46.05 | 107.09 | 3.46 | (64.95) | (21.35) | 17.95 | 17.18 | (8.21) |
Capital Expenditures |
— | (74.16) | (0.89) | (2.48) | (0.09) | (5.65) | (8.97) | (10.75) | (8.16) | (6.43) |
Net Current Asset Value |
(141.74) | (132.24) | (51.37) | 38.24 | (13.99) | (180.89) | (156.97) | (63.66) | (79.64) | (58.14) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 47.86 | 56.54 | 0.00 | 0.00 |
Capex to Sales |
0.00 | 2.69 | 0.02 | 0.18 | 0.00 | 0.04 | 0.04 | 0.06 | 0.05 | 0.06 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 50.19 | 60.06 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
4.95 | 6.11 | 3.89 | 0.15 | 0.32 | 0.84 | 0.57 | 0.52 | 0.55 | 0.92 |
Cash ROIC |
(0.23%) | (161.10%) | (37.65%) | (41.08%) | (1,276.23%) | (15.56%) | (4.75%) | 13.07% | 14.58% | 13.78% |
Accounts Receivable Turnover |
3.89 | 3.36 | 3.09 | 1.43 | 21.17 | 397.00 | 664.72 | 208.09 | 167.59 | 88.38 |
Accounts Payable Turnover |
0.11 | 0.86 | 2.28 | 2.57 | 2.12 | 66.60 | 86.39 | 77.89 | 90.98 | 70.89 |
Inventory Turnover |
1.59 | 0.00 | 14.94 | 0.00 | 0.00 | 75.55 | 68.96 | 58.62 | 68.44 | 16.92 |
Average Days of Payables |
4,782.96 | 338.36 | 239.94 | 207.41 | 210.63 | 6.68 | 3.97 | 5.33 | 4.87 | 4.08 |
Days of Inventory on Hand |
0.29 | 0.00 | 35.43 | 0.00 | 0.00 | 4.73 | 4.57 | 7.16 | 6.38 | 5.55 |
Average Receivables |
4.60 | 8.20 | 14.58 | 9.44 | 0.25 | 0.37 | 0.33 | 0.89 | 0.89 | 1.19 |
Average Payables |
23.64 | 17.85 | 14.28 | 4.89 | 2.17 | 1.39 | 1.16 | 1.08 | 0.76 | 0.76 |
Average Inventory |
1.58 | — | 2.18 | — | — | 1.22 | 1.45 | 1.43 | 1.02 | 3.17 |
Average Assets |
66.92 | 147.75 | 183.35 | 82.58 | 188.34 | 387.17 | 367.10 | 316.20 | 261.00 | 258.15 |
Average Common Equity |
(115.48) | (54.73) | 28.74 | 24.82 | 31.44 | 83.27 | 76.90 | 54.79 | 52.11 | 53.11 |
Columns are period end dates · fundamentals updated 26 Oct 2026