NETCLASS TECHNOLOGY INC Class A (NTCL) Income Statement
NTCL FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsNTCL revenue and net income
Where NTCL's revenue goes
FY2025Each bar shows an amount and its share of revenue. NTCL kept −110.4% of revenue as net income.
NTCL profit margins
NTCL growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.9% | +1.9% | +26.9% | — |
| Gross profit | −3.2% | −9.7% | +16.0% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NTCL quarterly EPS vs estimates
NETCLASS TECHNOLOGY INC beat the analyst EPS estimate in 1 of the last 3 quarters.
NTCL income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | $9.8M | $10.1M | $11.1M | $9.3M | $11.6M | $3.0M |
| Cost of revenue | $7.6M | $7.8M | $8.7M | $6.2M | $7.6M | $1.9M |
| Gross profit | $2.2M | $2.3M | $2.4M | $3.0M | $4.0M | $1.1M |
| Research & development | $1.7M | $2.5M | $567,809 | $828,311 | $406,754 | $435,982 |
| Sales, general & admin | $10.2M | $1.1M | $1.4M | $2.2M | $2.4M | $557,869 |
| Total operating expenses | $13.2M | $3.6M | $2.0M | $3.0M | $2.8M | $993,851 |
| Operating income | −$10.9M | −$1.3M | $386,703 | $48,370 | $1.2M | $74,591 |
| Interest expense | — | — | $4,558 | $8,572 | $11,911 | $234 |
| Income before taxes | −$11.0M | −$1.3M | $419,560 | $64,151 | $1.2M | $225,035 |
| Income taxes | −$86,736 | $86,311 | $257,330 | −$68,536 | $163,481 | $17,256 |
| Net income | −$10.8M | −$1.5M | $162,229 | $132,687 | $1.1M | $207,858 |
| EBITDA | −$9.1M | −$1.3M | $521,489 | $166,934 | $1.3M | $190,529 |
| EPS (diluted) | −$0.54 | −$0.09 | $0.01 | — | — | — |
| Gross margin | 22.8% | 22.9% | 21.3% | 32.8% | 34.4% | 35.9% |
| Operating margin | −111.5% | −12.8% | 3.5% | 0.5% | 10.4% | 2.5% |
| Net margin | −110.4% | −14.6% | 1.5% | 1.4% | 9.2% | 7.0% |
| Mar '26 | Dec '25 | Sep '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.4M | $6.2M | $3.7M | $3.2M | $6.3M | $3.2M | $3.8M | $1.9M | $7.8M | $3.9M | $3.3M |
| Cost of revenue | $6.4M | $4.2M | $3.3M | $2.3M | $4.6M | $2.3M | $3.2M | $1.6M | $5.9M | $2.9M | $2.8M |
| Gross profit | $2,230 | $1.9M | $305,390 | $865,741 | $1.7M | $865,741 | $583,448 | $291,724 | $1.9M | $968,226 | $423,220 |
| Research & development | $707,938 | $638,582 | $1.0M | $150,819 | $301,638 | $150,819 | $2.2M | $1.1M | $257,078 | $128,539 | $310,731 |
| Sales, general & admin | — | $5.8M | $4.4M | $231,149 | $483,712 | $231,149 | $605,034 | $291,379 | $543,062 | $271,531 | $862,098 |
| Total operating expenses | $5.5M | $7.7M | $5.5M | $392,676 | $785,352 | $392,676 | $2.8M | $1.4M | $800,140 | $400,070 | $1.2M |
| Operating income | −$5.5M | −$5.8M | −$5.2M | $473,065 | $946,130 | $473,065 | −$2.2M | −$1.1M | $1.1M | $568,156 | −$749,609 |
| Interest expense | $469,917 | — | $2,939 | — | $210 | — | — | — | — | — | $4,558 |
| Income before taxes | −$6.0M | −$6.0M | −$5.0M | $470,505 | $941,010 | $470,505 | −$2.2M | −$1.1M | $1.2M | $579,873 | −$740,186 |
| Income taxes | −$84,347 | −$186,063 | −$99,327 | $132,863 | $265,726 | $132,863 | −$179,414 | $89,707 | $175,994 | $87,997 | $81,336 |
| Net income | −$6.0M | −$5.9M | −$4.9M | $293,599 | $587,198 | $293,599 | −$2.1M | −$1.0M | $983,754 | $491,877 | −$821,525 |
| EBITDA | −$4.1M | −$4.5M | −$5.2M | $475,233 | $950,466 | $475,233 | −$2.2M | −$1.1M | $1.2M | $589,377 | −$695,920 |
| EPS (diluted) | — | −$0.31 | −$0.29 | $0.04 | — | — | — | — | — | — | — |
| Gross margin | 0.0% | 31.5% | 8.4% | 27.3% | 27.3% | 27.3% | 15.5% | 15.5% | 24.7% | 24.7% | 13.0% |
| Operating margin | −85.9% | −93.5% | −141.8% | 14.9% | 14.9% | 14.9% | −59.3% | −59.3% | 14.5% | 14.5% | −23.0% |
| Net margin | −93.7% | −96.4% | −134.0% | 9.3% | 9.3% | 9.3% | −54.8% | −54.8% | 12.6% | 12.6% | −25.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NTCL's financial statements (latest annual report filed February 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NTCL financial results
In fiscal year 2025 (ended September 30, 2025), NETCLASS TECHNOLOGY INC reported revenue of $9.8 million, down 2.9% from the year before. It had a net loss of $10.8 million, a net profit margin of −110.4%. Diluted earnings per share came to −$0.54. Over five years revenue grew at an average rate of 26.9% a year.
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NTCL income statement FAQ
What is NETCLASS TECHNOLOGY INC's annual revenue?
NETCLASS TECHNOLOGY INC reported total revenue of $9.8 million for fiscal year 2025, which ended on September 30, 2025. That was down 2.9% from $10.1 million the previous year.
Is NETCLASS TECHNOLOGY INC profitable?
No. NETCLASS TECHNOLOGY INC reported a net loss of $10.8 million in fiscal 2025, a net profit margin of −110.4%; its operating margin was −111.5%.
What is NETCLASS TECHNOLOGY INC's gross margin?
NETCLASS TECHNOLOGY INC's gross margin was 22.8% in fiscal 2025: for every $100 of revenue, NETCLASS TECHNOLOGY INC kept $23 after the direct cost of its products and services.
How much does NETCLASS TECHNOLOGY INC spend on research and development?
NETCLASS TECHNOLOGY INC spent $1.7 million on research and development in fiscal 2025, 17.1% of revenue.
How fast is NETCLASS TECHNOLOGY INC growing?
Revenue grew 26.9% a year on average over the last five fiscal years, from $3.0 million to $9.8 million.
What are NETCLASS TECHNOLOGY INC's earnings per share?
NETCLASS TECHNOLOGY INC earned $-0.54 per diluted share in fiscal 2025, compared with $-0.09 a year earlier.
When does NETCLASS TECHNOLOGY INC's fiscal year end?
NETCLASS TECHNOLOGY INC's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on February 2, 2026.