NaaS Technology Inc. (NAAS) Revenue History
Annual and quarterly revenue from 2015 to 2024
Compound Annual Growth Rate (CAGR)
Loading revenue history...
NAAS Revenue Growth
Revenue Breakdown (FY 2024)
NAAS's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
NAAS Revenue Analysis (2015–2024)
As of May 9, 2026, NaaS Technology Inc. (NAAS) generated trailing twelve-month (TTM) revenue of $277.6 million, reflecting significant decline in growth of -29.7% year-over-year. The most recent quarter (Q4 2024) recorded $45.2 million in revenue, up 1.8% sequentially.
Looking at the longer-term picture, NAAS's 5-year compound annual growth rate (CAGR) stands at -33.4%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $1.53 billion in 2019.
Revenue diversification analysis shows NAAS's business is primarily driven by Energy Solutions (100%). With over half of revenue concentrated in Energy Solutions, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including BLNK (-22.3% YoY), EVGO (+51.0% YoY), and CHPT (-1.4% YoY), NAAS has underperformed the peer group in terms of revenue growth. Compare NAAS vs BLNK →
NAAS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NAASCurrent | $278M | -29.7% | -33.4% | -401.6% | |
 BLNK | $124M | -22.3% | +114.6% | -160.6% | |
 EVGO | $384M | +51.0% | +96.7% | -28.8% | |
 CHPT | $411M | -1.4% | +22.9% | -51.1% | |
 AMPY | $263M | -10.6% | +5.4% | 29.2% | |
 TPVG | $97M | - | - | 77.9% |
NAAS Historical Revenue Data (2015–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $201.0M | -37.2% | $88.5M | 44.1% | $-807,028,000 | -401.6% |
| 2023 | $320.1M | +244.9% | $88.8M | 27.7% | $-1,066,365,000 | -333.2% |
| 2022 | $92.8M | +177.4% | $6.2M | 6.6% | $-2,460,484,000 | -2651.0% |
| 2021 | $33.5M | +442.8% | $3.9M | 11.6% | $-254,047,000 | -759.4% |
| 2020 | $6.2M | -99.6% | $-384,000 | -6.2% | $-76,123,000 | -1235.2% |
| 2019 | $1.53B | +20.3% | $834.8M | 54.6% | $-15,275,000 | -1.0% |
| 2018 | $1.27B | +31.2% | $695.4M | 54.7% | $207.6M | 16.3% |
| 2017 | $969.3M | +36.3% | $517.1M | 53.3% | $-628,000 | -0.1% |
| 2016 | $711.0M | +34.3% | $347.4M | 48.9% | $70.8M | 10.0% |
| 2015 | $529.5M | - | $182.8M | 34.5% | $-49,493,000 | -9.3% |
See NAAS's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs NAAS Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare NAAS vs AMZN
Side-by-side business, growth, and profitability comparison vs Amazon.com, Inc..
Start ComparisonNAAS — Frequently Asked Questions
Quick answers to the most common questions about buying NAAS stock.
Is NAAS's revenue growth accelerating or slowing?
NAAS revenue declined -29.7% year-over-year, contrasting with the 5-year CAGR of -33.4%. TTM revenue fell to $278M. This reverses the prior growth trend.
What is NAAS's long-term revenue growth rate?
NaaS Technology Inc.'s 5-year revenue CAGR of -33.4% reflects the variable expansion pattern. Current YoY growth of -29.7% is below this long-term average.
How is NAAS's revenue distributed by segment?
NAAS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2024 are available for download. Segment mix reveals concentration and diversification trends.