NetClass Technology Inc Class A (NTCL)
NASDAQ:NTCL
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NetClass Technology Inc Class A
(NASDAQ:NTCL)
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Rating:47Neutral
Price Target:
$2.00
▲(440.54% Upside)
Action:Reiterated
Date:06/05/26
The score is primarily held down by deteriorating financial performance, including a large recent loss and significant cash burn. Technicals are supportive due to strong momentum and price strength versus moving averages, but extreme overbought readings raise near-term pullback risk. Valuation remains constrained by negative earnings and no dividend support.
Positive Factors
Education Software Market Tailwind
NetClass’s focus on online learning platforms targets a structural shift toward digital education and corporate training. This end-market tailwind supports durable addressable demand, recurring service needs, and long-term adoption opportunities that can sustain revenue streams if product-market fit and distribution hold.
Negative Factors
Cash Burn and Negative Cash Flow
Sustained negative operating and free cash flows signal that core operations do not generate sufficient cash to fund growth or cover expenses, requiring continued external funding. Over 2-6 months this erodes financial flexibility, raises dilution or refinancing risk, and constrains the company’s ability to invest in durable growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Education Software Market Tailwind
NetClass’s focus on online learning platforms targets a structural shift toward digital education and corporate training. This end-market tailwind supports durable addressable demand, recurring service needs, and long-term adoption opportunities that can sustain revenue streams if product-market fit and distribution hold.
Read all positive factors
NetClass Technology Inc Class A (NTCL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$42.18M
Dividend YieldN/A
Average Volume (3M)94.10K
Price to Earnings (P/E)―
Beta (1Y)-1.61
Revenue Growth-2.94%
EPS Growth-614.49%
CountryUS
Employees37
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding19,992,031
10 Day Avg. Volume157,756
30 Day Avg. Volume94,096
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)4.27
Price to Sales (P/S)2.52
P/FCF Ratio-3.08
Enterprise Value/Market Cap0.49
Enterprise Value/Revenue2.11
Enterprise Value/Gross Profit9.22
Enterprise Value/Ebitda-2.27
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NetClass Technology Inc Class A Business Overview & Revenue Model
Company Description
NetClass Technology Inc, through its subsidiaries, provides online professional education platform and related courseware in the People's Republic of China, Hong Kong, Singapore, and the Cayman Islands. Its solutions modules include teaching manag...
How the Company Makes Money
Publicly available, verifiable detail about NTCL’s specific revenue model (e.g., exact revenue streams by product line, pricing approach such as subscriptions vs. licensing vs. services, customer segments, contract structure, or named strategic pa...
NetClass Technology Inc Class A Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
14
Very Negative
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.81M | 10.10M | 11.09M | 9.26M | 11.56M |
| Gross Profit | 2.24M | 2.31M | 2.36M | 3.04M | 3.98M |
| EBITDA | -9.11M | -1.28M | 482.83K | 166.93K | 1.34M |
| Net Income | -10.82M | -1.48M | 162.23K | 132.69K | 1.07M |
Balance Sheet | |||||
| Total Assets | 13.81M | 7.23M | 6.54M | 4.35M | 4.22M |
| Cash, Cash Equivalents and Short-Term Investments | 1.76M | 410.72K | 524.60K | 208.21K | 1.04M |
| Total Debt | 2.71M | 13.12K | 54.36K | 130.94K | 98.55K |
| Total Liabilities | 7.83M | 4.17M | 2.10M | 1.94M | 1.69M |
| Stockholders Equity | 5.78M | 2.97M | 4.44M | 2.41M | 2.53M |
Cash Flow | |||||
| Free Cash Flow | -8.03M | -135.66K | 391.88K | -571.45K | 742.32K |
| Operating Cash Flow | -5.72M | -135.66K | 391.88K | -571.45K | 745.80K |
| Investing Cash Flow | -2.29M | 0.00 | 0.00 | 0.00 | 19.57K |
| Financing Cash Flow | 9.36M | 10.87K | -152.91K | -125.58K | -30.23K |
NetClass Technology Inc Class A Risk Analysis
NetClass Technology Inc Class A disclosed 54 risk factors in its most recent earnings report. NetClass Technology Inc Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
The market price of our Class A Ordinary Shares has recently declined significantly, and our Class A Ordinary Shares could be delisted from the Nasdaq or trading could be suspended. Q3, 2025
NetClass Technology Inc Class A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | $42.18M | -3.28 | -174.91% | ― | -2.94% | -614.49% | |
45 Neutral | $152.93M | -1.30 | -195.02% | ― | 43.04% | 59.79% | |
43 Neutral | $9.75M | -0.74 | -147.57% | ― | 271.41% | -19.81% | |
42 Neutral | $13.22M | -0.81 | -302.04% | ― | 9.71% | 95.35% |
* Technology Sector Average
NTCL
NetClass Technology Inc Class A
2.10
-0.52
-19.85%
IDAI
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SPPL
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3.78
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29.90%
RYDE
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300.97%
CSAI
Cloudastructure, Inc. Class A
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WETO
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1.05
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NetClass Technology Inc Class A Corporate Events
NetClass Technology Raises $6 Million in Private Share Offering and Enters Standstill Deal With Noteholder
Apr 3, 2026
On March 18, 2026, NetClass Technology Inc. entered into a standstill agreement with a prior accredited investor noteholder, paying an aggregate $268,518.81 so that the investor would temporarily refrain from converting a $2.2 million convertible ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.