NETCLASS TECHNOLOGY INC Class A (NTCL) AI Stock Analysis
NTCL AI stock analysis summary
AI ResearchNetClass Technology Inc Class A (NTCL) is an online professional education and IT solutions provider headquartered in Singapore. Over the trailing twelve months, the company generated $12.5M in revenue while recording an operating margin of -85.9% and a net loss per share of -$28.19. The company holds a market capitalization of $1.7M with net debt of $1.4M as of March 31, 2026.
- Market cap
- $1.7M
- Revenue (TTM)
- $12.5M
- P/E
- —
- 1Y return
- -98.7% S&P 500 16.8%
- Avg. target
- —
Bull case
- Quarterly revenue growth expanded by 74.0% year-over-year for the period ending March 31, 2026.
- NetClass achieved a 5-year revenue CAGR of 26.9% between FY2020 and FY2025.
- The stock trades at a price-to-sales ratio of 0.1x, below the US-listed Technology peer median of 2.8x.
Bear case
- Net income worsened from -$1.5M in FY2024 to -$10.8M in FY2025, leading to an operating margin of -111.5%.
- Free cash flow dropped to -$8.0M in FY2025, leaving cash and short-term investments at $1.7M as of March 31, 2026.
- The stock has declined 98.7% over the past 1-year period to $0.80, near its 52-week low of $0.73.
What NETCLASS TECHNOLOGY INC does
NetClass Technology Inc, through its subsidiaries, provides an online professional education platform and related courseware across the People's Republic of China, Hong Kong, Singapore, Japan, and the Cayman Islands. Its solution modules encompass teaching management, campus management, online teaching, online examination, control, data storage and computing systems, EDC blockchain systems, and lecturer evaluation services. The company also supplies smart education information technology solutions to schools, training institutions, corporations, and public agencies, alongside software as a service subscription services and application development. Additional offerings include NetClass mobile learning platforms, artificial intelligence assisted online education systems, and IT consulting and data analysis solutions.
Growth and profitability
NetClass Technology generated $11.6M in revenue in FY2021 before declining to $9.3M in FY2022. Revenue reached $11.1M in FY2023, then decreased to $10.1M in FY2024 and $9.8M in FY2025. Between FY2020 and FY2025, revenue grew at a 5-year CAGR of 26.9%. Profitability contracted significantly in FY2025, when operating margin fell to -111.5% and net income dropped to -$10.8M, compared to net income of $1.1M in FY2021. For the trailing twelve months ending March 31, 2026, revenue stood at $12.5M with a profit margin of -94.6%, even as quarterly revenue growth was 74.0% year-over-year.
Balance sheet and cash flow
As of March 31, 2026, NetClass Technology held $1.7M in cash and short-term investments against total debt of $3.1M, yielding net debt of $1.4M. Shareholders' equity was $4.6M and total assets stood at $15.9M. The company reported a current ratio of 0.92 and a debt-to-equity ratio of 0.67. Cash flow turned negative in FY2025, with operating cash flow of -$5.7M and free cash flow of -$8.0M, alongside capital expenditures of $2.3M.
Valuation and performance
NetClass Technology trades at a price-to-sales multiple of 0.1x and an EV-to-revenue ratio of 0.5x, compared to a median price-to-sales of 2.8x for US-listed Technology peers. The company carries a price-to-book ratio of 1.0x and an enterprise value of $5.8M. Over the past year, the stock fell 98.7% to its last close of $0.80, while the S&P 500 returned 16.8%. The stock traded 95.0% below its 200-day average and down 95.4% year-to-date.
What analysts expect
Wall Street analyst coverage for NetClass Technology lacks reported price targets, consensus ratings, or upcoming earnings dates. Over the last four quarters, the company recorded 1 EPS beat. The company reported diluted EPS of -$0.54 in FY2025 and trailing twelve-month EPS of -$28.19.
Key risks and what to watch
- Liquidity may be pressured by a current ratio of 0.92 alongside -$5.7M in operating cash flow in FY2025.
- Total debt of $3.1M exceeds total cash of $1.7M, resulting in net debt of $1.4M as of March 31, 2026.
- Return on equity for the trailing twelve months stands at -205.7%, reflecting prolonged net losses.
- With a market capitalization of $1.7M, the company has high institutional non-participation, with institutions holding only 0.4%.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this NTCL AI stock analysis
This page is an AI-written research summary of NETCLASS TECHNOLOGY INC Class A (NTCL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: NTCL income statement, NTCL balance sheet, NTCL key metrics, NTCL chart. See the NTCL stock overview for the latest quote and news.
NTCL AI stock analysis FAQ
What is NetClass Technology's main business?
NetClass Technology Inc provides online professional education platforms, courseware, smart education IT solutions, and SaaS subscription services across China, Hong Kong, Singapore, Japan, and the Cayman Islands.
Does NTCL pay a dividend?
NTCL does not pay a dividend.
What is NetClass Technology's current financial position?
As of March 31, 2026, the company held $1.7M in cash and short-term investments, $3.1M in total debt, and shareholders' equity of $4.6M, with a current ratio of 0.92.
How has NTCL stock performed recently?
The stock closed at $0.80 on October 16, 2026, reflecting a 1-year return of -98.7% and a year-to-date return of -95.4%.