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NetClass Technology Inc Class A (NTCL) AI Stock Analysis
NetClass Technology Inc Class A
(NASDAQ:NTCL)
The overall score is at the minimum of 37, reflecting a convergence of severe risks. The primary driver is the company's extremely poor financial performance, marked by accelerating cash burn and deep unprofitability. This is compounded by a bearish technical breakdown and a negative P/E ratio, leaving no fundamental or market-based support for the stock.
NetClass Technology Inc Class A (NTCL) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $171.27K
- Dividend Yield
- ―
- Average Volume (3M)
- 346.56K
- Price to Earnings (P/E)
- -0.0
- Beta (1Y)
- -1.11
- Revenue Growth
- 25.23%
- EPS Growth
- -144.16%
- Country
- US
- Employees
- 46
- Sector
- General
- Sector Strength
- 55
- Industry
- Software - Application
NetClass Technology Inc Class A Business Overview & Revenue Model
Company Description
NetClass Technology Inc, operating through its subsidiaries, provides an online platform for professional education and accompanying courseware. Its services span the People's Republic of China, Hong Kong, Singapore, and the Cayman Islands. The compa...
How the Company Makes Money
NetClass Technology generates revenue by providing education-technology solutions and related services to customers. Its revenue model primarily consists of (1) fees from delivering technology-enabled education services and solutions (e.g., providing...
NetClass Technology Inc Class A Financial Statement Overview
Summary
Financial health is critically weak. Revenue is declining, gross margins are far below industry norms at 22.8%, and the net margin is -110%. Cash burn is severe with -$8.0M in free cash flow, and return on equity is -187%, indicating an unsustainable trajectory despite a manageable debt load.
Income Statement
12Very NegativeBalance Sheet
30NegativeCash Flow
8Very Negative| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.51M | 9.81M | 10.10M | 11.09M | 9.26M | 11.56M |
| Gross Profit | 1.94M | 2.24M | 2.31M | 2.36M | 3.04M | 3.98M |
| EBITDA | -8.57M | -9.11M | -1.28M | 521.49K | 166.93K | 1.34M |
| Net Income | -11.89M | -10.82M | -1.48M | 162.23K | 132.69K | 1.07M |
Balance Sheet | ||||||
| Total Assets | 15.93M | 13.81M | 7.23M | 6.54M | 4.35M | 4.22M |
| Cash, Cash Equivalents and Short-Term Investments | 1.70M | 1.76M | 410.72K | 524.60K | 208.21K | 1.04M |
| Total Debt | 3.07M | 2.71M | 13.12K | 54.36K | 130.94K | 98.55K |
| Total Liabilities | 11.21M | 7.83M | 4.17M | 2.10M | 1.94M | 1.69M |
| Stockholders Equity | 4.60M | 5.78M | 2.97M | 4.44M | 2.41M | 2.53M |
Cash Flow | ||||||
| Free Cash Flow | -10.55M | -8.03M | -135.66K | 391.88K | -571.45K | 742.32K |
| Operating Cash Flow | -8.25M | -5.72M | -135.66K | 391.88K | -571.45K | 745.80K |
| Investing Cash Flow | -2.54M | -2.29M | 0 | 0 | 0 | 19.57K |
| Financing Cash Flow | 12.07M | 9.36M | 10.87K | -152.91K | -125.58K | -30.23K |
NetClass Technology Inc Class A Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NTCL, the sentiment is Negative. The current price of 0.40 is below the 20-day moving average (MA) of 1.01, below the 50-day MA of 1.66, and below the 200-day MA of 14.85, indicating a bearish trend. The MACD of -0.40 indicates Negative momentum. The RSI at 17.07 is Positive, neither overbought nor oversold. The STOCH value of 19.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NTCL.
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.
Latest Risks Added
1 New RiskNetClass Technology Inc Class A Peers Comparison
Overall Rating
IDAI45Neutral
CSAI42Neutral
RYDE41Neutral- NTCL37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IDAI | 45Neutral | $16.03M | -1.16 | -141.04% | ― | 2.13% | 95.54% |
| CSAI | 42Neutral | $1.88M | -0.15 | -138.21% | ― | 117.68% | -0.39% |
| RYDE | 41Neutral | $96.74M | -2.07 | -63.13% | ― | 34.88% | 12.77% |
| NTCL | 37Underperform | $853.52K | -0.01 | -228.97% | ― | 25.23% | -144.16% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| NTCL | NetClass Technology Inc Class A | 0.40 | -53.60 | -99.26% | |
| IDAI | T Stamp, Inc. Class A | 2.82 | -1.02 | -26.56% | |
| SPPL | Simpple Ltd. | 2.32 | -3.53 | -60.34% | |
| RYDE | Ryde Group Limited Class A | 0.57 | 0.13 | 29.55% | |
| CSAI | Cloudastructure, Inc. Class A | 2.15 | -55.75 | -96.29% | |
| WETO | Webus International Limited | 0.74 | -135.26 | -99.46% |
NetClass Technology Inc Class A Corporate Events
NetClass Technology Boosts Dragonsoft’s Control With New Class B Share Issuance
On September 2, 2026, NetClass Technology Inc entered into a securities purchase agreement with controlling shareholder Dragonsoft Holding Limited to issue and sell 300,000 Class B ordinary shares at $1.88 per share, the closing price of its Class A...
NetClass Technology Extends Maturity of $2.2 Million Convertible Note to November 2026
On August 13, 2026, NetClass Technology Inc. amended a previously issued $2.2 million convertible promissory note, originally dated August 4, 2025, with an accredited investor by extending the note’s maturity date to November 5, 2026. In return...
NetClass Technology CEO Tightens Control With August Class B Share Issuance
On August 1, 2026, NetClass Technology Inc. signed a securities purchase agreement with Dragonsoft Holding Limited, an entity wholly owned and controlled by Chief Executive Officer and chairman Jianbiao Dai. The deal set the purchase price at $2.69 p...
NetClass Technology Taps Share-Based Deals for Shanghai Advertising and AI Product Support
On July 20, 2026, NetClass Technology Inc entered into three year-long service agreements with unaffiliated providers, effective from July 21, 2026, to support its marketing and product development efforts. The company is paying for these services by...
NetClass Technology Files Interim Results and Details July Reverse Stock Split
NetClass Technology Inc. filed a Form 6-K for July 2026, furnishing unaudited interim condensed consolidated financial statements and related management discussion for the six months ended March 31, 2026. The filing, signed on July 21, 2026, also not...
NetClass Technology Regains Nasdaq Compliance After 50-for-1 Reverse Stock Split
On January 27, 2026, NetClass Technology Inc. disclosed it had fallen below Nasdaq’s $1.00 minimum closing bid price requirement for its Class A ordinary shares for 30 consecutive business days, triggering a 180-day grace period to restore comp...
NetClass Technology Enacts 1-for-50 Reverse Split to Safeguard Nasdaq Listing
On February 13, 2026, NetClass Technology shareholders approved a framework allowing one or more share consolidations over two years, with the board empowered to set ratios up to 1-for-2000 and adjust governing documents accordingly. Acting under thi...
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.
Date of analysis: Jul 30, 2026