NaaS Technology Inc. (NAAS) 10-Year Financial Performance & Capital Metrics

NAAS • • Industrial / General

Consumer CyclicalSpecialty RetailEV Charging ServicesEV Charging Infrastructure

AboutNaaS Technology Inc. provides electric vehicle (EV) charging services in China. It serves charging station operators, charger manufacturers, EV OEMs, and other end-users. The company was founded in 2019 and is based in Beijing, China.Show more

Revenue $201M -37.2%
EBITDA -$791M +25.2%
Net Income -$913M +30.1%
EPS (Diluted) -1120.00 +39.7%
Gross Margin 44.06% +58.9%
EBITDA Margin -393.66% -19.2%
Operating Margin -401.55% -20.5%
Net Margin -454.52% -11.3%
ROE -
ROIC -161.17% -1.4%
Debt/Equity -
Interest Coverage -21.23 +38.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 33.4% over 5 years
✗Shares diluted 16.4% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-33.36%

3Y81.79%

TTM11.91%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM30.1%

EPS CAGR

10Y-

5Y-

3Y-

TTM38.32%

ROCE

10Y Avg-142.67%

5Y Avg-289.99%

3Y Avg-270.86%

Latest-161.17%

Peer Comparison

EV Charging Infrastructure

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NAASNaaS Technology Inc.	33.05M	3.26	-0.00	-37.21%	-329.04%
NVVENuvve Holding Corp.	4.91M	3.78	-0.14	-36.56%	-6.41%	-6.1%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	529.47M	710.99M	969.27M	1.27B	1.53B	6.16M	33.45M	92.81M	320.08M	200.98M
Revenue Growth %	-	0.34%	0.36%	0.31%	0.2%	-1%	4.43%	1.77%	2.45%	-0.37%
Cost of Goods Sold+	346.67M	363.58M	452.22M	576.53M	694.69M	6.55M	29.59M	86.65M	231.32M	112.43M
COGS % of Revenue	0.65%	0.51%	0.47%	0.45%	0.45%	1.06%	0.88%	0.93%	0.72%	0.56%
Gross Profit+	182.8M	347.41M	517.05M	695.36M	834.75M	-384K	3.87M	6.17M	88.76M	88.54M
Gross Margin %	0.35%	0.49%	0.53%	0.55%	0.55%	-0.06%	0.12%	0.07%	0.28%	0.44%
Gross Profit Growth %	-	0.9%	0.49%	0.34%	0.2%	-1%	11.07%	0.6%	13.39%	-0%
Operating Expenses+	232.29M	276.57M	517.68M	487.75M	15.28M	75.74M	257.91M	2.47B	1.16B	895.57M
OpEx % of Revenue	0.44%	0.39%	0.53%	0.38%	0.01%	12.29%	7.71%	26.58%	3.61%	4.46%
Selling, General & Admin	232.29M	276.57M	517.68M	487.75M	15.28M	58.41M	227.8M	2.44B	1.12B	573.51M
SG&A % of Revenue	0.44%	0.39%	0.53%	0.38%	0.01%	9.48%	6.81%	26.26%	3.49%	2.85%
Research & Development	0	0	0	0	0	20.45M	37.16M	36.56M	63.05M	42.07M
R&D % of Revenue	-	-	-	-	-	3.32%	1.11%	0.39%	0.2%	0.21%
Other Operating Expenses	0	0	0	0	0	-3.12M	-7.04M	-7.32M	-24.47M	279.99M
Operating Income+	-49.49M	70.85M	-628K	207.61M	-15.28M	-76.12M	-254.05M	-2.46B	-1.07B	-807.03M
Operating Margin %	-0.09%	0.1%	-0%	0.16%	-0.01%	-12.35%	-7.59%	-26.51%	-3.33%	-4.02%
Operating Income Growth %	-	2.43%	-1.01%	331.59%	-1.07%	-3.98%	-2.34%	-8.69%	0.57%	0.24%
EBITDA+	42.01M	140.67M	49.08M	265.84M	54.75M	-72.59M	-247.47M	-2.46B	-1.06B	-791.16M
EBITDA Margin %	0.08%	0.2%	0.05%	0.21%	0.04%	-11.78%	-7.4%	-26.51%	-3.3%	-3.94%
EBITDA Growth %	-	2.35%	-0.65%	4.42%	-0.79%	-2.33%	-2.41%	-8.94%	0.57%	0.25%
D&A (Non-Cash Add-back)	91.51M	69.82M	49.71M	58.23M	70.02M	3.54M	6.57M	377K	8.87M	15.87M
EBIT	0	89.12M	25.91M	248M	188.78M	-76.12M	-254.05M	-547.79M	-1.06B	-889.17M
Net Interest Income+	0	10.55M	-7.03M	-7.43M	34.17M	-300K	-1.1M	-10.28M	-31.16M	-38.01M
Interest Income	17.85M	16.62M	19.56M	26.38M	80K	0	0	0	0	0
Interest Expense	0	6.07M	26.59M	33.8M	-34.09M	300K	1.1M	10.28M	31.16M	38.01M
Other Income/Expense	16.63M	12.2M	-48K	6.59M	-237.98M	-300K	-1.1M	-3.17B	-223.88M	-120.16M
Pretax Income+	-32.86M	83.05M	-676K	214.2M	-15.2M	-76.42M	-255.14M	-5.63B	-1.29B	-927.19M
Pretax Margin %	-0.06%	0.12%	-0%	0.17%	-0.01%	-12.4%	-7.63%	-60.63%	-4.03%	-4.61%
Income Tax+	-1.12M	32.2M	52.92M	71.76M	-163.38M	1.47M	5.32M	9.86M	3.79M	-19.15M
Effective Tax Rate %	0.8%	0.65%	70.97%	0.67%	-9.75%	1.02%	1.02%	1%	1.01%	0.99%
Net Income+	-26.29M	53.92M	-47.97M	142.96M	148.1M	-77.9M	-260.46M	-5.64B	-1.31B	-913.48M
Net Margin %	-0.05%	0.08%	-0.05%	0.11%	0.1%	-12.64%	-7.79%	-60.74%	-4.08%	-4.55%
Net Income Growth %	-	3.05%	-1.89%	3.98%	0.04%	-1.53%	-2.34%	-20.64%	0.77%	0.3%
Net Income (Continuing)	-26.29M	53.92M	-47.97M	142.96M	148.1M	-77.9M	-260.46M	-5.64B	-1.29B	-908.04M
Discontinued Operations	0	0	0	0	0	0	0	0	-13.12M	-6.4M
Minority Interest	0	0	0	0	0	0	0	0	3.43M	321K
EPS (Diluted)+	-840.00	1800.00	-1504.00	4096.00	4064.00	-2208.00	-384.00	-8192.00	-1856.00	-1120.00
EPS Growth %	-	3.14%	-1.84%	3.72%	-0.01%	-1.54%	0.83%	-20.33%	0.77%	0.4%
EPS (Basic)	-840.00	1800.00	-1504.00	4176.00	4128.00	-2208.00	-384.00	-8192.00	-1856.00	-1088.00
Diluted Shares Outstanding	31.25K	31.25K	31.84K	36.21K	36.31K	35.25K	669.25K	686.55K	706.17K	822.11K
Basic Shares Outstanding	31.25K	31.25K	31.84K	35.57K	35.91K	35.25K	669.25K	686.55K	706.17K	822.11K
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	553.22M	707.74M	1.14B	1.4B	1.08B	48.36M	152.78M	930.79M	1.14B	439.5M
Cash & Short-Term Investments	518.47M	640M	1.06B	1.29B	999.01M	3.67M	8.49M	513.35M	534.3M	135.79M
Cash Only	517.44M	640M	1.06B	1.29B	999.01M	3.67M	8.49M	513.35M	436.24M	126.61M
Short-Term Investments	1.03M	0	0	0	0	0	0	0	98.06M	9.17M
Accounts Receivable	740K	976K	11.2M	12.76M	7.47M	21.66M	38.46M	156.66M	355.64M	113.16M
Days Sales Outstanding	0.51	0.5	4.22	3.66	1.78	1.28K	419.59	616.08	405.55	205.51
Inventory	5.96M	5.53M	7.91M	11.32M	8.69M	0	48.13M	-130M	22.46M	0
Days Inventory Outstanding	6.28	5.55	6.38	7.17	4.56	-	593.78	-	35.44	-
Other Current Assets	28.05M	61.23M	67.36M	90.11M	69.7M	0	13.73M	130M	7.14M	55.03M
Total Non-Current Assets+	782.51M	792.56M	813.89M	878.5M	1.72B	19.25M	25.31M	175.15M	321.13M	211.15M
Property, Plant & Equipment	70.86M	75.67M	100.18M	128.41M	747.66M	19.24M	21.1M	19.63M	18.4M	7.41M
Fixed Asset Turnover	7.47x	9.40x	9.68x	9.90x	2.05x	0.32x	1.59x	4.73x	17.39x	27.14x
Goodwill	444.41M	461.69M	475.73M	491.97M	665.42M	328.29M	0	0	40.09M	0
Intangible Assets	244.8M	225.95M	200.62M	198.06M	210.35M	14.51M	25.31M	833K	13.32M	2.33M
Long-Term Investments	0	0	0	0	33M	-2.02B	5M	140.81M	240.74M	199.36M
Other Non-Current Assets	22.07M	25.16M	34.97M	53.35M	49.64M	1.68B	-26.44M	13.87M	8.58M	2.05M
Total Assets+	1.34B	1.5B	1.96B	2.28B	2.8B	67.6M	178.09M	1.11B	1.47B	650.64M
Asset Turnover	0.40x	0.47x	0.50x	0.56x	0.55x	0.09x	0.19x	0.08x	0.22x	0.31x
Asset Growth %	-	0.12%	0.3%	0.17%	0.23%	-0.98%	1.63%	5.21%	0.32%	-0.56%
Total Current Liabilities+	571.43M	763.37M	1.03B	1.28B	1.23B	1.17B	136.09M	192.14M	817.03M	1.35B
Accounts Payable	452.44K	585.37K	0	1.23M	7.55M	11.03M	16.87M	49.24M	152.07M	104.22M
Days Payables Outstanding	0.48	0.59	-	0.78	3.97	614.82	208.14	207.42	239.95	338.35
Short-Term Debt	9.69M	38.19M	29.73M	82.51M	291.93M	226.74M	0	38M	345.64M	1.01B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	68.88M	119.79M	182.1M	185.14M	217.4M	333.25M	0	0	0	50.59M
Current Ratio	0.97x	0.93x	1.11x	1.10x	0.88x	0.04x	1.12x	4.84x	1.40x	0.33x
Quick Ratio	0.96x	0.92x	1.10x	1.09x	0.87x	0.04x	0.77x	5.52x	1.37x	0.33x
Cash Conversion Cycle	6.31	5.47	-	10.05	2.38	-	805.23	-	201.04	-
Total Non-Current Liabilities+	12.99M	338.5M	629.91M	561.07M	944.14M	13.9M	12.57M	474.92M	691.67M	54.37M
Long-Term Debt	0	333.1M	623.44M	502.36M	834.47M	0	0	465.15M	681.82M	51.07M
Capital Lease Obligations	0	0	0	0	0	13.9M	12.57M	9.33M	6.94M	3.3M
Deferred Tax Liabilities	4.12M	3.07M	3.79M	14.54M	31.12M	0	0	438K	2.92M	0
Other Non-Current Liabilities	8.87M	2.33M	2.68M	8.13M	39.16M	0	0	0	2.92M	0
Total Liabilities	584.41M	1.1B	1.66B	1.84B	2.18B	1.92B	148.65M	667.06M	1.51B	1.4B
Total Debt+	0	371.29M	623.44M	584.86M	1.13B	244.86M	19.63M	519.34M	1.04B	1.07B
Net Debt	-517.44M	-268.71M	-432.54M	-703.22M	127.38M	241.2M	4.08M	5.98M	605.31M	943.51M
Debt / Equity	-	0.91x	2.01x	1.28x	1.85x	16.82x	0.67x	1.18x	-	-
Debt / EBITDA	-	2.64x	12.70x	2.20x	20.57x	-	-	-	-	-
Net Debt / EBITDA	-12.32x	-1.91x	-8.81x	-2.65x	2.33x	-	-	-	-	-
Interest Coverage	-	11.67x	-0.02x	6.14x	-	-253.74x	-231.58x	-239.46x	-34.23x	-21.23x
Total Equity+	757.02M	407.2M	310.13M	455.75M	608.9M	14.56M	29.44M	438.87M	-43.6M	-754.13M
Equity Growth %	-	-0.46%	-0.24%	0.47%	0.34%	-0.98%	1.02%	13.91%	-1.1%	-16.29%
Book Value per Share	24224.58	13030.40	9740.30	12585.40	16771.22	412.95	43.99	639.24	-61.75	-917.32
Total Shareholders' Equity	757.02M	407.2M	310.13M	455.75M	608.9M	495.11M	29.44M	438.87M	-47.04M	-754.46M
Common Stock	6.12M	6.12M	6.78M	7.07M	6.95M	6.96M	0	146.73M	165.18M	186.68M
Retained Earnings	-181.55M	-134.26M	-315.53M	-248.67M	-127.06M	-138.22M	-393.89M	-6.03B	-7.34B	-8.25B
Treasury Stock	0	0	0	0	0	0	0	0	0	-6.86M
Accumulated OCI	54.06M	82.97M	86.41M	120.8M	145.75M	145M	5.18M	-35.2M	-65.7M	-97.19M
Minority Interest	0	0	0	0	0	0	0	0	3.43M	321K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	163.72M	240.08M	345.27M	380.03M	-39.85M	-63.01M	-250.03M	-580.7M	-565.24M	-179.14M
Operating CF Margin %	0.31%	0.34%	0.36%	0.3%	-0.03%	-10.22%	-7.47%	-6.26%	-1.77%	-0.89%
Operating CF Growth %	-	0.47%	0.44%	0.1%	-1.1%	-0.58%	-2.97%	-1.32%	0.03%	0.68%
Net Income	-26.29M	53.92M	-47.97M	142.96M	-15.2M	-82.14M	-251.91M	-5.63B	-1.3B	-932.4M
Depreciation & Amortization	91.51M	69.82M	49.71M	58.23M	70.02M	3.54M	6.75M	9.6M	17.03M	15.87M
Stock-Based Compensation	0	0	95.31M	18.63M	47.89M	18M	10.79M	2.13B	399.08M	160.42M
Deferred Taxes	-12M	-4.76M	1.15M	6.74M	6.47M	-31.15M	-10.79M	-2.13B	0	0
Other Non-Cash Items	-4.97M	-3.06M	-464K	7.61M	-144.08M	13.39M	2.16M	5.33B	316.74M	382.35M
Working Capital Changes	115.47M	124.17M	247.54M	145.87M	-4.96M	15.34M	-7.04M	-293.74M	5.28M	194.63M
Change in Receivables	12.99M	12.1M	-1.7M	112K	706K	-647K	-740K	-111.33M	-66.48M	15.2M
Change in Inventory	1.52M	430K	-2.37M	-3.42M	3.1M	871K	0	0	-36.84M	22.82M
Change in Payables	-659K	1.13M	1.97M	2.38M	-873K	3.48M	0	0	0	0
Cash from Investing+	-38.23M	-42.54M	-53.07M	-100.88M	-114.72M	5.44M	-5.61M	-161.34M	-339.61M	-201.67M
Capital Expenditures	-43.39M	-43.77M	-53.08M	-73.99M	-50.85M	-23.88M	-606K	-17.13M	-6.33M	0
CapEx % of Revenue	0.08%	0.06%	0.05%	0.06%	0.03%	3.87%	0.02%	0.18%	0.02%	-
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-8.22M	-8.13M	-2.73M	100K	-14.09M	53.22M	-15.93M	0	0	4.27M
Cash from Financing+	98K	-80.21M	129M	-57.31M	-140.73M	64.56M	229.54M	1.25B	827.74M	71.27M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	98K	-80.21M	129M	-57.31M	4.65M	64.56M	231.43M	-9.54M	-30.69M	-72.34M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	120.33M	196.32M	292.19M	306.04M	-90.7M	-86.89M	-250.64M	-597.83M	-571.57M	-179.14M
FCF Margin %	0.23%	0.28%	0.3%	0.24%	-0.06%	-14.1%	-7.49%	-6.44%	-1.79%	-0.89%
FCF Growth %	-	0.63%	0.49%	0.05%	-1.3%	0.04%	-1.88%	-1.39%	0.04%	0.69%
FCF per Share	3850.62	6282.11	9176.79	8451.22	-2498.29	-2464.68	-374.51	-870.76	-809.39	-217.90
FCF Conversion (FCF/Net Income)	-6.23x	4.45x	-7.20x	2.66x	-0.27x	0.81x	0.96x	0.10x	0.43x	0.20x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-3.47%	9.26%	-13.38%	37.33%	27.82%	-24.99%	-1184%	-2407.52%	-661.28%	-
Return on Invested Capital (ROIC)	-15.49%	28.11%	-5.86%	-	-4.69%	-11.51%	-128.59%	-760.28%	-158.91%	-161.17%
Gross Margin	34.52%	48.86%	53.34%	54.67%	54.58%	-6.23%	11.56%	6.64%	27.73%	44.06%
Net Margin	-4.96%	7.58%	-4.95%	11.24%	9.68%	-1263.95%	-778.59%	-6073.83%	-408.31%	-454.52%
Debt / Equity	-	0.91x	2.01x	1.28x	1.85x	16.82x	0.67x	1.18x	-	-
Interest Coverage	-	11.67x	-0.02x	6.14x	-	-253.74x	-231.58x	-239.46x	-34.23x	-21.23x
FCF Conversion	-6.23x	4.45x	-7.20x	2.66x	-0.27x	0.81x	0.96x	0.10x	0.43x	0.20x
Revenue Growth	-	34.28%	36.33%	31.22%	20.25%	-99.6%	442.8%	177.45%	244.86%	-37.21%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Energy Solutions	-	-	-	-	-	187.26M	25.52M
Energy Solutions Growth	-	-	-	-	-	-	-86.37%
Online EV Charging Solutions	-	-	-	153.25M	50.15M	-	-
Online EV Charging Solutions Growth	-	-	-	-	-67.27%	-	-
Offline EV Charging Solutions	-	-	-	7.06M	40.55M	-	-
Offline EV Charging Solutions Growth	-	-	-	-	474.42%	-	-
NonChargingSolutions and Other Services	-	-	-	610K	-	-	-
NonChargingSolutions and Other Services Growth	-	-	-	-	-	-	-
Educational Programs	1.07B	1.32B	872.88M	-	-	-	-
Educational Programs Growth	-	23.61%	-34.11%	-	-	-	-
Franchise	125.21M	156.51M	82.08M	-	-	-	-
Franchise Growth	-	24.99%	-47.55%	-	-	-	-
Product and Service, Other	75.07M	48.28M	3.51M	-	-	-	-
Product and Service, Other Growth	-	-35.68%	-92.74%	-	-	-	-

Frequently Asked Questions

Growth & Financials

NaaS Technology Inc. (NAAS) reported $277.6M in revenue for fiscal year 2024. This represents a 48% decrease from $529.5M in 2015.

NaaS Technology Inc. (NAAS) saw revenue decline by 37.2% over the past year.

NaaS Technology Inc. (NAAS) reported a net loss of $913.5M for fiscal year 2024.

Dividend & Returns

NaaS Technology Inc. (NAAS) had negative free cash flow of $179.1M in fiscal year 2024, likely due to heavy capital investments.

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NaaS Technology Inc. (NAAS) 10-Year Financial Performance & Capital Metrics

NAAS • • Industrial / General

Consumer CyclicalSpecialty RetailEV Charging ServicesEV Charging Infrastructure

Revenue $201M -37.2%
EBITDA -$791M +25.2%
Net Income -$913M +30.1%
EPS (Diluted) -1120.00 +39.7%
Gross Margin 44.06% +58.9%
EBITDA Margin -393.66% -19.2%
Operating Margin -401.55% -20.5%
Net Margin -454.52% -11.3%
ROE -
ROIC -161.17% -1.4%
Debt/Equity -
Interest Coverage -21.23 +38.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 33.4% over 5 years
✗Shares diluted 16.4% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-33.36%

3Y81.79%

TTM11.91%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM30.1%

EPS CAGR

10Y-

5Y-

3Y-

TTM38.32%

ROCE

10Y Avg-142.67%

5Y Avg-289.99%

3Y Avg-270.86%

Latest-161.17%

Peer Comparison

EV Charging Infrastructure

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NAASNaaS Technology Inc.	33.05M	3.26	-0.00	-37.21%	-329.04%
NVVENuvve Holding Corp.	4.91M	3.78	-0.14	-36.56%	-6.41%	-6.1%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	529.47M	710.99M	969.27M	1.27B	1.53B	6.16M	33.45M	92.81M	320.08M	200.98M
Revenue Growth %	-	0.34%	0.36%	0.31%	0.2%	-1%	4.43%	1.77%	2.45%	-0.37%
Cost of Goods Sold+	346.67M	363.58M	452.22M	576.53M	694.69M	6.55M	29.59M	86.65M	231.32M	112.43M
COGS % of Revenue	0.65%	0.51%	0.47%	0.45%	0.45%	1.06%	0.88%	0.93%	0.72%	0.56%
Gross Profit+	182.8M	347.41M	517.05M	695.36M	834.75M	-384K	3.87M	6.17M	88.76M	88.54M
Gross Margin %	0.35%	0.49%	0.53%	0.55%	0.55%	-0.06%	0.12%	0.07%	0.28%	0.44%
Gross Profit Growth %	-	0.9%	0.49%	0.34%	0.2%	-1%	11.07%	0.6%	13.39%	-0%
Operating Expenses+	232.29M	276.57M	517.68M	487.75M	15.28M	75.74M	257.91M	2.47B	1.16B	895.57M
OpEx % of Revenue	0.44%	0.39%	0.53%	0.38%	0.01%	12.29%	7.71%	26.58%	3.61%	4.46%
Selling, General & Admin	232.29M	276.57M	517.68M	487.75M	15.28M	58.41M	227.8M	2.44B	1.12B	573.51M
SG&A % of Revenue	0.44%	0.39%	0.53%	0.38%	0.01%	9.48%	6.81%	26.26%	3.49%	2.85%
Research & Development	0	0	0	0	0	20.45M	37.16M	36.56M	63.05M	42.07M
R&D % of Revenue	-	-	-	-	-	3.32%	1.11%	0.39%	0.2%	0.21%
Other Operating Expenses	0	0	0	0	0	-3.12M	-7.04M	-7.32M	-24.47M	279.99M
Operating Income+	-49.49M	70.85M	-628K	207.61M	-15.28M	-76.12M	-254.05M	-2.46B	-1.07B	-807.03M
Operating Margin %	-0.09%	0.1%	-0%	0.16%	-0.01%	-12.35%	-7.59%	-26.51%	-3.33%	-4.02%
Operating Income Growth %	-	2.43%	-1.01%	331.59%	-1.07%	-3.98%	-2.34%	-8.69%	0.57%	0.24%
EBITDA+	42.01M	140.67M	49.08M	265.84M	54.75M	-72.59M	-247.47M	-2.46B	-1.06B	-791.16M
EBITDA Margin %	0.08%	0.2%	0.05%	0.21%	0.04%	-11.78%	-7.4%	-26.51%	-3.3%	-3.94%
EBITDA Growth %	-	2.35%	-0.65%	4.42%	-0.79%	-2.33%	-2.41%	-8.94%	0.57%	0.25%
D&A (Non-Cash Add-back)	91.51M	69.82M	49.71M	58.23M	70.02M	3.54M	6.57M	377K	8.87M	15.87M
EBIT	0	89.12M	25.91M	248M	188.78M	-76.12M	-254.05M	-547.79M	-1.06B	-889.17M
Net Interest Income+	0	10.55M	-7.03M	-7.43M	34.17M	-300K	-1.1M	-10.28M	-31.16M	-38.01M
Interest Income	17.85M	16.62M	19.56M	26.38M	80K	0	0	0	0	0
Interest Expense	0	6.07M	26.59M	33.8M	-34.09M	300K	1.1M	10.28M	31.16M	38.01M
Other Income/Expense	16.63M	12.2M	-48K	6.59M	-237.98M	-300K	-1.1M	-3.17B	-223.88M	-120.16M
Pretax Income+	-32.86M	83.05M	-676K	214.2M	-15.2M	-76.42M	-255.14M	-5.63B	-1.29B	-927.19M
Pretax Margin %	-0.06%	0.12%	-0%	0.17%	-0.01%	-12.4%	-7.63%	-60.63%	-4.03%	-4.61%
Income Tax+	-1.12M	32.2M	52.92M	71.76M	-163.38M	1.47M	5.32M	9.86M	3.79M	-19.15M
Effective Tax Rate %	0.8%	0.65%	70.97%	0.67%	-9.75%	1.02%	1.02%	1%	1.01%	0.99%
Net Income+	-26.29M	53.92M	-47.97M	142.96M	148.1M	-77.9M	-260.46M	-5.64B	-1.31B	-913.48M
Net Margin %	-0.05%	0.08%	-0.05%	0.11%	0.1%	-12.64%	-7.79%	-60.74%	-4.08%	-4.55%
Net Income Growth %	-	3.05%	-1.89%	3.98%	0.04%	-1.53%	-2.34%	-20.64%	0.77%	0.3%
Net Income (Continuing)	-26.29M	53.92M	-47.97M	142.96M	148.1M	-77.9M	-260.46M	-5.64B	-1.29B	-908.04M
Discontinued Operations	0	0	0	0	0	0	0	0	-13.12M	-6.4M
Minority Interest	0	0	0	0	0	0	0	0	3.43M	321K
EPS (Diluted)+	-840.00	1800.00	-1504.00	4096.00	4064.00	-2208.00	-384.00	-8192.00	-1856.00	-1120.00
EPS Growth %	-	3.14%	-1.84%	3.72%	-0.01%	-1.54%	0.83%	-20.33%	0.77%	0.4%
EPS (Basic)	-840.00	1800.00	-1504.00	4176.00	4128.00	-2208.00	-384.00	-8192.00	-1856.00	-1088.00
Diluted Shares Outstanding	31.25K	31.25K	31.84K	36.21K	36.31K	35.25K	669.25K	686.55K	706.17K	822.11K
Basic Shares Outstanding	31.25K	31.25K	31.84K	35.57K	35.91K	35.25K	669.25K	686.55K	706.17K	822.11K
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	553.22M	707.74M	1.14B	1.4B	1.08B	48.36M	152.78M	930.79M	1.14B	439.5M
Cash & Short-Term Investments	518.47M	640M	1.06B	1.29B	999.01M	3.67M	8.49M	513.35M	534.3M	135.79M
Cash Only	517.44M	640M	1.06B	1.29B	999.01M	3.67M	8.49M	513.35M	436.24M	126.61M
Short-Term Investments	1.03M	0	0	0	0	0	0	0	98.06M	9.17M
Accounts Receivable	740K	976K	11.2M	12.76M	7.47M	21.66M	38.46M	156.66M	355.64M	113.16M
Days Sales Outstanding	0.51	0.5	4.22	3.66	1.78	1.28K	419.59	616.08	405.55	205.51
Inventory	5.96M	5.53M	7.91M	11.32M	8.69M	0	48.13M	-130M	22.46M	0
Days Inventory Outstanding	6.28	5.55	6.38	7.17	4.56	-	593.78	-	35.44	-
Other Current Assets	28.05M	61.23M	67.36M	90.11M	69.7M	0	13.73M	130M	7.14M	55.03M
Total Non-Current Assets+	782.51M	792.56M	813.89M	878.5M	1.72B	19.25M	25.31M	175.15M	321.13M	211.15M
Property, Plant & Equipment	70.86M	75.67M	100.18M	128.41M	747.66M	19.24M	21.1M	19.63M	18.4M	7.41M
Fixed Asset Turnover	7.47x	9.40x	9.68x	9.90x	2.05x	0.32x	1.59x	4.73x	17.39x	27.14x
Goodwill	444.41M	461.69M	475.73M	491.97M	665.42M	328.29M	0	0	40.09M	0
Intangible Assets	244.8M	225.95M	200.62M	198.06M	210.35M	14.51M	25.31M	833K	13.32M	2.33M
Long-Term Investments	0	0	0	0	33M	-2.02B	5M	140.81M	240.74M	199.36M
Other Non-Current Assets	22.07M	25.16M	34.97M	53.35M	49.64M	1.68B	-26.44M	13.87M	8.58M	2.05M
Total Assets+	1.34B	1.5B	1.96B	2.28B	2.8B	67.6M	178.09M	1.11B	1.47B	650.64M
Asset Turnover	0.40x	0.47x	0.50x	0.56x	0.55x	0.09x	0.19x	0.08x	0.22x	0.31x
Asset Growth %	-	0.12%	0.3%	0.17%	0.23%	-0.98%	1.63%	5.21%	0.32%	-0.56%
Total Current Liabilities+	571.43M	763.37M	1.03B	1.28B	1.23B	1.17B	136.09M	192.14M	817.03M	1.35B
Accounts Payable	452.44K	585.37K	0	1.23M	7.55M	11.03M	16.87M	49.24M	152.07M	104.22M
Days Payables Outstanding	0.48	0.59	-	0.78	3.97	614.82	208.14	207.42	239.95	338.35
Short-Term Debt	9.69M	38.19M	29.73M	82.51M	291.93M	226.74M	0	38M	345.64M	1.01B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	68.88M	119.79M	182.1M	185.14M	217.4M	333.25M	0	0	0	50.59M
Current Ratio	0.97x	0.93x	1.11x	1.10x	0.88x	0.04x	1.12x	4.84x	1.40x	0.33x
Quick Ratio	0.96x	0.92x	1.10x	1.09x	0.87x	0.04x	0.77x	5.52x	1.37x	0.33x
Cash Conversion Cycle	6.31	5.47	-	10.05	2.38	-	805.23	-	201.04	-
Total Non-Current Liabilities+	12.99M	338.5M	629.91M	561.07M	944.14M	13.9M	12.57M	474.92M	691.67M	54.37M
Long-Term Debt	0	333.1M	623.44M	502.36M	834.47M	0	0	465.15M	681.82M	51.07M
Capital Lease Obligations	0	0	0	0	0	13.9M	12.57M	9.33M	6.94M	3.3M
Deferred Tax Liabilities	4.12M	3.07M	3.79M	14.54M	31.12M	0	0	438K	2.92M	0
Other Non-Current Liabilities	8.87M	2.33M	2.68M	8.13M	39.16M	0	0	0	2.92M	0
Total Liabilities	584.41M	1.1B	1.66B	1.84B	2.18B	1.92B	148.65M	667.06M	1.51B	1.4B
Total Debt+	0	371.29M	623.44M	584.86M	1.13B	244.86M	19.63M	519.34M	1.04B	1.07B
Net Debt	-517.44M	-268.71M	-432.54M	-703.22M	127.38M	241.2M	4.08M	5.98M	605.31M	943.51M
Debt / Equity	-	0.91x	2.01x	1.28x	1.85x	16.82x	0.67x	1.18x	-	-
Debt / EBITDA	-	2.64x	12.70x	2.20x	20.57x	-	-	-	-	-
Net Debt / EBITDA	-12.32x	-1.91x	-8.81x	-2.65x	2.33x	-	-	-	-	-
Interest Coverage	-	11.67x	-0.02x	6.14x	-	-253.74x	-231.58x	-239.46x	-34.23x	-21.23x
Total Equity+	757.02M	407.2M	310.13M	455.75M	608.9M	14.56M	29.44M	438.87M	-43.6M	-754.13M
Equity Growth %	-	-0.46%	-0.24%	0.47%	0.34%	-0.98%	1.02%	13.91%	-1.1%	-16.29%
Book Value per Share	24224.58	13030.40	9740.30	12585.40	16771.22	412.95	43.99	639.24	-61.75	-917.32
Total Shareholders' Equity	757.02M	407.2M	310.13M	455.75M	608.9M	495.11M	29.44M	438.87M	-47.04M	-754.46M
Common Stock	6.12M	6.12M	6.78M	7.07M	6.95M	6.96M	0	146.73M	165.18M	186.68M
Retained Earnings	-181.55M	-134.26M	-315.53M	-248.67M	-127.06M	-138.22M	-393.89M	-6.03B	-7.34B	-8.25B
Treasury Stock	0	0	0	0	0	0	0	0	0	-6.86M
Accumulated OCI	54.06M	82.97M	86.41M	120.8M	145.75M	145M	5.18M	-35.2M	-65.7M	-97.19M
Minority Interest	0	0	0	0	0	0	0	0	3.43M	321K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	163.72M	240.08M	345.27M	380.03M	-39.85M	-63.01M	-250.03M	-580.7M	-565.24M	-179.14M
Operating CF Margin %	0.31%	0.34%	0.36%	0.3%	-0.03%	-10.22%	-7.47%	-6.26%	-1.77%	-0.89%
Operating CF Growth %	-	0.47%	0.44%	0.1%	-1.1%	-0.58%	-2.97%	-1.32%	0.03%	0.68%
Net Income	-26.29M	53.92M	-47.97M	142.96M	-15.2M	-82.14M	-251.91M	-5.63B	-1.3B	-932.4M
Depreciation & Amortization	91.51M	69.82M	49.71M	58.23M	70.02M	3.54M	6.75M	9.6M	17.03M	15.87M
Stock-Based Compensation	0	0	95.31M	18.63M	47.89M	18M	10.79M	2.13B	399.08M	160.42M
Deferred Taxes	-12M	-4.76M	1.15M	6.74M	6.47M	-31.15M	-10.79M	-2.13B	0	0
Other Non-Cash Items	-4.97M	-3.06M	-464K	7.61M	-144.08M	13.39M	2.16M	5.33B	316.74M	382.35M
Working Capital Changes	115.47M	124.17M	247.54M	145.87M	-4.96M	15.34M	-7.04M	-293.74M	5.28M	194.63M
Change in Receivables	12.99M	12.1M	-1.7M	112K	706K	-647K	-740K	-111.33M	-66.48M	15.2M
Change in Inventory	1.52M	430K	-2.37M	-3.42M	3.1M	871K	0	0	-36.84M	22.82M
Change in Payables	-659K	1.13M	1.97M	2.38M	-873K	3.48M	0	0	0	0
Cash from Investing+	-38.23M	-42.54M	-53.07M	-100.88M	-114.72M	5.44M	-5.61M	-161.34M	-339.61M	-201.67M
Capital Expenditures	-43.39M	-43.77M	-53.08M	-73.99M	-50.85M	-23.88M	-606K	-17.13M	-6.33M	0
CapEx % of Revenue	0.08%	0.06%	0.05%	0.06%	0.03%	3.87%	0.02%	0.18%	0.02%	-
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-8.22M	-8.13M	-2.73M	100K	-14.09M	53.22M	-15.93M	0	0	4.27M
Cash from Financing+	98K	-80.21M	129M	-57.31M	-140.73M	64.56M	229.54M	1.25B	827.74M	71.27M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	98K	-80.21M	129M	-57.31M	4.65M	64.56M	231.43M	-9.54M	-30.69M	-72.34M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	120.33M	196.32M	292.19M	306.04M	-90.7M	-86.89M	-250.64M	-597.83M	-571.57M	-179.14M
FCF Margin %	0.23%	0.28%	0.3%	0.24%	-0.06%	-14.1%	-7.49%	-6.44%	-1.79%	-0.89%
FCF Growth %	-	0.63%	0.49%	0.05%	-1.3%	0.04%	-1.88%	-1.39%	0.04%	0.69%
FCF per Share	3850.62	6282.11	9176.79	8451.22	-2498.29	-2464.68	-374.51	-870.76	-809.39	-217.90
FCF Conversion (FCF/Net Income)	-6.23x	4.45x	-7.20x	2.66x	-0.27x	0.81x	0.96x	0.10x	0.43x	0.20x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-3.47%	9.26%	-13.38%	37.33%	27.82%	-24.99%	-1184%	-2407.52%	-661.28%	-
Return on Invested Capital (ROIC)	-15.49%	28.11%	-5.86%	-	-4.69%	-11.51%	-128.59%	-760.28%	-158.91%	-161.17%
Gross Margin	34.52%	48.86%	53.34%	54.67%	54.58%	-6.23%	11.56%	6.64%	27.73%	44.06%
Net Margin	-4.96%	7.58%	-4.95%	11.24%	9.68%	-1263.95%	-778.59%	-6073.83%	-408.31%	-454.52%
Debt / Equity	-	0.91x	2.01x	1.28x	1.85x	16.82x	0.67x	1.18x	-	-
Interest Coverage	-	11.67x	-0.02x	6.14x	-	-253.74x	-231.58x	-239.46x	-34.23x	-21.23x
FCF Conversion	-6.23x	4.45x	-7.20x	2.66x	-0.27x	0.81x	0.96x	0.10x	0.43x	0.20x
Revenue Growth	-	34.28%	36.33%	31.22%	20.25%	-99.6%	442.8%	177.45%	244.86%	-37.21%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Energy Solutions	-	-	-	-	-	187.26M	25.52M
Energy Solutions Growth	-	-	-	-	-	-	-86.37%
Online EV Charging Solutions	-	-	-	153.25M	50.15M	-	-
Online EV Charging Solutions Growth	-	-	-	-	-67.27%	-	-
Offline EV Charging Solutions	-	-	-	7.06M	40.55M	-	-
Offline EV Charging Solutions Growth	-	-	-	-	474.42%	-	-
NonChargingSolutions and Other Services	-	-	-	610K	-	-	-
NonChargingSolutions and Other Services Growth	-	-	-	-	-	-	-
Educational Programs	1.07B	1.32B	872.88M	-	-	-	-
Educational Programs Growth	-	23.61%	-34.11%	-	-	-	-
Franchise	125.21M	156.51M	82.08M	-	-	-	-
Franchise Growth	-	24.99%	-47.55%	-	-	-	-
Product and Service, Other	75.07M	48.28M	3.51M	-	-	-	-
Product and Service, Other Growth	-	-35.68%	-92.74%	-	-	-	-

Frequently Asked Questions

Growth & Financials

NaaS Technology Inc. (NAAS) reported $277.6M in revenue for fiscal year 2024. This represents a 48% decrease from $529.5M in 2015.

NaaS Technology Inc. (NAAS) saw revenue decline by 37.2% over the past year.

NaaS Technology Inc. (NAAS) reported a net loss of $913.5M for fiscal year 2024.

Dividend & Returns

NaaS Technology Inc. (NAAS) had negative free cash flow of $179.1M in fiscal year 2024, likely due to heavy capital investments.