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Sunday 8 November 2026
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NetClass Technology Inc
NTCLTechnology Software Application
NetClass Technology Inc’s revenue for fiscal 2025 (year ended September 2025) was $9.8 million, down 2.94% from fiscal 2024.
0.23
0.09
−28.13%
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Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Mar ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 9 | 9 | 11 | 10 | 10 | — | +1.4% | — | — | — | — | |
| Gross margin, % | — | — | — | — | — | 32.85 | 32.85 | 21.28 | 22.92 | 22.85 | — | (10.0) pt | ||||||
| EBT | — | — | — | — | — | 0 | 0 | 0 | (1) | (11) | — | n/m | ||||||
| EBT margin, % | — | — | — | — | — | 0.69 | 0.69 | 3.78 | (12.90) | (111.71) | — | (112.4) pt | ||||||
| Net income | — | — | — | — | — | 0 | 0 | 0 | (1) | (11) | (12) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 30.86 | 36.92 | 32.05 | 27.25 | — | n/m | |||||
| Earnings | — | — | — | — | — | — | 0.44 | 0.54 | (4.50) | (30.00) | — | n/m | ||||||
| Cash flow | — | — | — | — | — | — | (1.90) | 1.30 | (0.43) | (15.89) | 0.00 | +102.8% | ||||||
| Capex | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | (6.40) | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | — | — | — | (1.90) | 1.30 | (0.43) | (22.30) | 0.00 | +127.1% | ||||||
| Book value | — | — | — | — | — | 0.00 | 8.04 | 14.79 | 9.72 | 16.62 | 0.00 | n/m | ||||||
| Shares, m | — | — | — | — | — | — | 0 | 0 | 0 | 0 | — | +6.2% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| P/S | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| P/B | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/FCF | — | — | — | — | — | 0.54 | 0.54 | 0.54 | 0.54 | (0.02) | (0.05) | 0.4 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | (1) | 0 | 0 | (6) | (15) | +115.5% | |||||
| Capex | — | — | — | — | — | — | — | — | — | (2) | 0 | — | ||||||
| Free cash flow | — | — | — | — | — | — | (1) | 0 | 0 | (8) | (15) | +141.2% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 2 | 2 | 4 | 3 | 2 | (1) | (0.9%) | |||||
| Net debt | — | — | — | — | — | 0 | 0 | (1) | 0 | 0 | 1 | n/m | ||||||
| Shareholders’ equity | — | — | — | — | — | 2 | 2 | 4 | 3 | 6 | 5 | +25.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | 0.00 | 3.05 | 2.98 | (21.46) | (102.90) | 0.00 | (102.9) pt | |||||
| ROIC | — | — | — | — | — | 25.97 | 1.35 | 6.17 | (30.43) | (109.72) | 0.00 | (135.7) pt | ||||||
| ROE | — | — | — | — | — | 0.00 | 12.74 | 4.73 | (39.38) | (239.45) | 0.00 | (239.4) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | 32 | 37 | 46 | — | +19.9% | |||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.00 | 0.35 | 0.27 | 0.21 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Sep 2025
NetClass Technology Inc vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| OMQS OMNIQ Corp. | $2.4M | — (loss-making) | — (loss-making) | −5.47% (below 0%: shrinking) | n/m | −81.56% (below 0%: shrinking) | 20.61% | (30.06%) | Compare |
| RCT RedCloud Holdings plc | $2.3M | — | — | — | — | −194.13% (below 0%: shrinking) | — | — | Compare |
| LGCL Lucas GC Limited | $1.6M | — | — | — | — | — | — | — | Compare |
| AMZE Amaze Holdings, Inc. | $1.6M | — (loss-making) | — (loss-making) | −28.77% (below 0%: shrinking) | n/m | −72.72% (below 0%: shrinking) | 87.67% | (753.03%) | Compare |
| FRGT Freight Technologies, Inc. | $1.5M | — (loss-making) | — | −5.40% (below 0%: shrinking) | −97.99% (below 0%: shrinking) | +71.03% (above 0%: growing) | 10.61% | (46.21%) | Compare |
| AIXI XIAO-I Corporation Unsponsored ADR | $1.5M | — | — | — | — | +66.94% (above 0%: growing) | — | — | Compare |
| TGL Treasure Global Inc. | $930.0K | — (loss-making) | — (loss-making) | +108.30% (above 0%: growing) | n/m | +53.70% (above 0%: growing) | 0.00% | (117.69%) | Compare |
| NTCL NetClass Technology Inc | $690.0K | — | — | — | — | −1,210.52% (below 0%: shrinking) | — | — | |
| PRST Presto Automation Inc. | $640.0K | — (loss-making) | — (loss-making) | −32.62% (below 0%: shrinking) | n/m | −10.44% (below 0%: shrinking) | 3.73% | (343.67%) | Compare |
| Median of peers | $1.5M | — | — | −5.47% | — | −10.44% | 10.61% | (117.69%) |