NetClass Technology Inc

NTCL Technology Software Application

NetClass Technology Inc’s revenue for fiscal 2025 (year ended September 2025) was $9.8 million, down 2.94% from fiscal 2024.

0.80 0.07 −8.05%
Market cap
$1.8M
P/E
—
Fwd P/E
—
Dividend yield
—
F-score
1/9
Altman Z
−0.99
Beneish M
4.16
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership —

Capital & Financial Ratios $m

Market Cap 1.84
Revenue —
Net Income (12.26)
Free Cash Flow (15.40)
Net Debt 0.72
Current Ratio 0.92 (below 1: weak)
Debt/Equity 0.51
P/E ratio —
Fwd P/E —
P/S ratio —
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth —
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1 0 2 2
Receivables 4 5 6 6
Inventory — 0 0 0
Other 1 1 1 1
6 7 9 9
2023 2024 2025 Q'26
Payables 1 3 2 2
ST’ Debt — — 2 2
Other 0 0 2 4
2 4 7 10

Compound Annual Growth %

10y 5y 3y
Sales — — 1.93%
Cash Flow — — 0.00%
Earnings — — 0.00%
Book Value — — 35.36%

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 10
’24 — — — — 10
’23 — — — — 11
’22 — — — — 9
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — (6)
’24 — — — — 0
’23 — — — — 0
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) — — — —
’25 (7) — (6) — (8)
’24 0 — 0 — 0
’23 — — 0 — 0
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — (30.00)
’24 — — — — (4.50)
’23 — — — — 0.54
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — — — — 229.50 17.00

Analyst estimates 2026–2028

Powerpack
High — — — — — — — — 299.50 2,590.00
People
People Employees — — — — — — — 32 37 46
Revenue/emp, $m — — — — — 0.00 0.00 0.35 0.27 0.21
Income, $m
Income, $m Revenue — — — — — 9 9 11 10 10
Gross margin, % — — — — — 32.85 32.85 21.28 22.92 22.85
EBT — — — — — 0 0 0 (1) (11)
EBT margin, % — — — — — 0.69 0.69 3.78 (12.90) (111.71)
Net income — — — — — 0 0 0 (1) (11)
Depreciation — — — — — — 0 0 0 3
Per share, $
Per share, $ Revenue — — — — — 0.00 30.86 36.92 32.05 27.25
Earnings — — — — — — 0.44 0.54 (4.50) (30.00)
Cash flow — — — — — — (1.90) 1.30 (0.43) (15.89)
Capex — — — — — — 0.00 0.00 0.00 (6.40)
Free cash flow — — — — — — (1.90) 1.30 (0.43) (22.30)
Book value — — — — — 0.00 8.04 14.79 9.72 16.62
Shares, m — — — — — — 0 0 0 0
Valuation, ×
Valuation, × P/E — — — — — — — — — —
P/S — — — — — — — — — —
P/B — — — — — 0.00 0.00 0.00 0.00 0.00
EV/Sales — — — — — 0.00 0.00 0.00 0.00 0.00
EV/FCF — — — — — 0.54 0.54 0.54 0.54 (0.02)
Cash, $m
Cash, $m Operating cash flow — — — — — — (1) 0 0 (6)
Capex — — — — — — — — — (2)
Free cash flow — — — — — — (1) 0 0 (8)
Balance, $m
Balance, $m Working capital — — — — — 2 2 4 3 2
Total debt — — — — — — 0 — — 2
Net debt — — — — — 0 0 (1) 0 0
Shareholders’ equity — — — — — 2 2 4 3 6
Returns, %
Returns, % ROA — — — — — 0.00 3.05 2.98 (21.46) (102.90)
ROIC — — — — — 25.97 1.35 6.17 (30.43) (109.72)
ROE — — — — — 0.00 12.74 4.73 (39.38) (239.45)
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025

Charts ten years each

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
EPWKF EPWK Holdings Ltd. $2.8M — — — — — — — Compare
HTCR HeartCore Enterprises, Inc. $2.5M 0.8× 1.7× +71.60% (above 0%: growing) n/m −383.28% (below 0%: shrinking) (21.84%) (256.38%) Compare
LGCL Lucas GC Limited $2.4M — — — — — — — 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
PARA Parabolic Technologies, Inc. $2.4M — (loss-making) — (loss-making) −27.31% (below 0%: shrinking) n/m +4.54% (above 0%: growing) 80.20% (192.96%) Compare
NTCL NetClass Technology Inc $1.8M — — — — −1,210.52% (below 0%: shrinking) — —
AIXI XIAO-I Corporation Unsponsored ADR $1.6M — — — — +66.94% (above 0%: growing) — — 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
TGL Treasure Global Inc. $1.6M — (loss-making) — (loss-making) +108.30% (above 0%: growing) n/m +53.70% (above 0%: growing) 0.00% (117.69%) Compare
Median of peers $2.4M — — −5.47% — −34.09% 20.61% (192.96%)

All 237 Software Application stocks →

NetClass Technology Inc (NTCL) key facts

  • Concern: NetClass Technology Inc’s revenue for fiscal 2025 (year ended September 2025) was $9.8 million, down 2.94% from fiscal 2024.
  • Concern: NetClass Technology Inc reported a net loss of $10.9 million, or a loss of $30.00 per share, for fiscal 2025.
  • NetClass Technology Inc (NTCL) is a Software Application company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, NTCL traded at $0.80, a market capitalization of $1.8 million.
  • Return on equity was −239.5% and debt-to-equity 0.51.
  • Its Piotroski F-score is 1 out of 9 and its Altman Z-score is −0.99 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/NTCL · Data as of Sep 30, 2025 · For information only; not investment advice. · © 2026 stockrow.com