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NetClass Technology Inc (NTCL) 10-Year Financial Performance & Capital Metrics

NTCL • • Industrial / General
TechnologyApplication SoftwareEducation & Learning PlatformsOnline Education Platforms
AboutNetClass 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 management, campus management, online teaching, online examination, epidemic prevention and control, data storage and computing system, EDC blockchain system, and lecturer evaluation services. The company also offers smart education information technology (IT) solutions to schools, training institutions, corporations, public agencies, other institutions, and corporate customers; and software as a service (SaaS) subscription service and application development services. In addition, it provides NetClass mobile learning platforms for online leaning; artificial intelligence assisted online education systems; and IT consulting and data analysis solutions. The company was incorporated in 2022 and is headquartered in Shanghai, the People's Republic of China. NetClass Technology Inc operates as a subsidiary of Dragonsoft Holding Limited.Show more
  • Revenue $10M -8.9%
  • EBITDA -$1M -364.7%
  • Net Income -$1M -1010.9%
  • EPS (Diluted) -0.09 -968.5%
  • Gross Margin 22.92% +7.7%
  • EBITDA Margin -12.65% -390.6%
  • Operating Margin -12.76% -465.9%
  • Net Margin -14.63% -1100.0%
  • ROE -39.38% -931.9%
  • ROIC -29.12% -416.7%
  • Debt/Equity 0.00 -65.0%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 1 (bottom 1%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Thin 5Y average net margin of 0.9%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-4.39%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-

EPS CAGR

10Y-
5Y-
3Y-
TTM-

ROCE

10Y Avg8.89%
5Y Avg8.89%
3Y Avg-7.02%
Latest-34.28%

Peer Comparison

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Sector-Specific
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DUOLDuolingo, Inc.6.47B161.7486.0340.84%40.03%29.52%4.22%0.07
RSSSResearch Solutions, Inc.96.3M2.9373.259.94%2.73%8.63%7.27%
DCBODocebo Inc.620.1M21.5825.0919.96%9.53%49.74%4.52%0.03
SGNSigning Day Sports, Inc.2.5M0.59-0.03100.13%-18.22%-19.73%
AMSTAmesite Inc.9.05M1.98-1.92-33.81%-17.32%-154.55%
NRDYNerdy, Inc.130.31M1.06-2.79-1.64%-22.95%-110.17%0.02
COE51Talk Online Education Group121.21M29.33-3.2692.65%-46.11%4.56%
NTCLNetClass Technology Inc8.76M0.44-4.67-8.91%-14.63%-39.38%0.00

Profit & Loss

Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Sales/Revenue+2.98M11.56M9.26M11.09M10.1M
Revenue Growth %-2.88%-0.2%0.2%-0.09%
Cost of Goods Sold+1.91M7.58M6.22M8.73M7.79M
COGS % of Revenue0.64%0.66%0.67%0.79%0.77%
Gross Profit+1.07M3.98M3.04M2.36M2.31M
Gross Margin %0.36%0.34%0.33%0.21%0.23%
Gross Profit Growth %-2.72%-0.24%-0.22%-0.02%
Operating Expenses+993.85K2.77M2.99M1.97M3.6M
OpEx % of Revenue0.33%0.24%0.32%0.18%0.36%
Selling, General & Admin557.87K2.36M2.16M1.41M1.09M
SG&A % of Revenue0.19%0.2%0.23%0.13%0.11%
Research & Development435.98K406.75K828.31K567.81K2.52M
R&D % of Revenue0.15%0.04%0.09%0.05%0.25%
Other Operating Expenses00000
Operating Income+74.59K1.21M48.37K386.7K-1.29M
Operating Margin %0.03%0.1%0.01%0.03%-0.13%
Operating Income Growth %-15.19%-0.96%6.99%-4.33%
EBITDA+190.53K1.34M166.93K482.83K-1.28M
EBITDA Margin %0.06%0.12%0.02%0.04%-0.13%
EBITDA Growth %-6.02%-0.88%1.89%-3.65%
D&A (Non-Cash Add-back)115.94K130.83K118.56K96.13K10.82K
EBIT74.59K1.21M48.37K386.7K-1.29M
Net Interest Income+-234-11.91K-8.57K-4.56K209
Interest Income0000209
Interest Expense23411.91K8.57K4.56K0
Other Income/Expense150.44K22.38K15.78K32.86K-14.58K
Pretax Income+225.03K1.23M64.15K419.56K-1.3M
Pretax Margin %0.08%0.11%0.01%0.04%-0.13%
Income Tax+17.26K163.48K-68.54K257.33K86.31K
Effective Tax Rate %0.92%0.87%2.07%0.39%1.13%
Net Income+207.86K1.07M132.69K162.23K-1.48M
Net Margin %0.07%0.09%0.01%0.01%-0.15%
Net Income Growth %-4.13%-0.88%0.22%-10.11%
Net Income (Continuing)207.78K1.07M132.69K162.23K-1.39M
Discontinued Operations00000
Minority Interest-45.18K00091.07K
EPS (Diluted)+0.010.070.010.01-0.09
EPS Growth %-4.12%-0.88%--9.69%
EPS (Basic)0.010.070.010.01-0.09
Diluted Shares Outstanding15M15M15M15.02M15.76M
Basic Shares Outstanding15M15M15M15.02M15.76M
Dividend Payout Ratio-----

Balance Sheet

Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Total Current Assets+3.33M3.84M4.02M6.31M7.09M
Cash & Short-Term Investments306.46K1.04M208.21K524.6K410.72K
Cash Only306.46K1.04M208.21K524.6K410.72K
Short-Term Investments00000
Accounts Receivable1.74M2.51M3.37M2.29M5.3M
Days Sales Outstanding213.1879.32132.7575.28191.43
Inventory656.98K249.15K94.57K1.06M1.19M
Days Inventory Outstanding125.74125.5544.2256
Other Current Assets67.02K0315.86K2M143.03K
Total Non-Current Assets+579.51K381.26K330.25K226.6K141.27K
Property, Plant & Equipment388.89K281.16K145.47K103.23K52.83K
Fixed Asset Turnover7.65x41.11x63.64x107.42x191.21x
Goodwill00000
Intangible Assets00000
Long-Term Investments00000
Other Non-Current Assets190.61K0184.78K123.37K88.44K
Total Assets+3.91M4.22M4.35M6.54M7.23M
Asset Turnover0.76x2.74x2.13x1.70x1.40x
Asset Growth %-0.08%0.03%0.5%0.11%
Total Current Liabilities+2.44M1.69M1.94M2.08M4.17M
Accounts Payable1.46M1.01M1.01M1.15M2.86M
Days Payables Outstanding279.6548.4459.3148.24134.09
Short-Term Debt93.54K98.55K130.94K00
Deferred Revenue (Current)0413.01K000
Other Current Liabilities841.42K70.39K395.15K472.67K766.33K
Current Ratio1.36x2.27x2.07x3.03x1.70x
Quick Ratio1.10x2.12x2.02x2.52x1.41x
Cash Conversion Cycle59.2742.8878.9971.26113.34
Total Non-Current Liabilities+93.53K0012.71K0
Long-Term Debt93.53K0000
Capital Lease Obligations00012.71K0
Deferred Tax Liabilities00000
Other Non-Current Liabilities00000
Total Liabilities2.53M1.69M1.94M2.1M4.17M
Total Debt+187.07K98.55K130.94K54.36K13.12K
Net Debt-119.39K-943.38K-77.27K-470.25K-397.59K
Debt / Equity0.14x0.04x0.05x0.01x0.00x
Debt / EBITDA0.98x0.07x0.78x0.11x-
Net Debt / EBITDA-0.63x-0.70x-0.46x-0.97x-
Interest Coverage318.76x101.39x5.64x84.84x-
Total Equity+1.38M2.53M2.41M4.44M3.06M
Equity Growth %-0.84%-0.05%0.84%-0.31%
Book Value per Share0.090.170.160.300.19
Total Shareholders' Equity1.42M2.53M2.41M4.44M2.97M
Common Stock10K3.75K3.75K3.94K3.94K
Retained Earnings-1.49M-424.28K-291.59K-129.36K-1.67M
Treasury Stock00000
Accumulated OCI-59.49K24.79K-223.31K-252.75K-186.13K
Minority Interest-45.18K00091.07K

Cash Flow

Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Cash from Operations+-65.53K745.8K-571.45K391.88K-135.66K
Operating CF Margin %-0.02%0.06%-0.06%0.04%-0.01%
Operating CF Growth %-12.38%-1.77%1.69%-1.35%
Net Income207.86K1.07M132.69K162.23K-1.48M
Depreciation & Amortization115.94K130.83K118.56K134.79K52.97K
Stock-Based Compensation00000
Deferred Taxes00000
Other Non-Cash Items1.25M-266.13K65.76K609.83K1.87M
Working Capital Changes-1.64M-185.44K-888.46K-514.97K-581.46K
Change in Receivables-1.3M-714.03K-1.21M1.08M-3.03M
Change in Inventory-636.47K466.16K159.46K0-60.04K
Change in Payables00000
Cash from Investing+-21.64K19.57K000
Capital Expenditures-40.91K-3.48K000
CapEx % of Revenue0.01%0%---
Acquisitions-----
Investments-----
Other Investing19.27K23.05K000
Cash from Financing+176.52K-30.23K-125.58K-152.91K10.87K
Debt Issued (Net)-----
Equity Issued (Net)-----
Dividends Paid00000
Share Repurchases-----
Other Financing-4.71K67.37K-170.79K-20.88K10.87K
Net Change in Cash-----
Free Cash Flow+-106.43K742.32K-571.45K391.88K-135.66K
FCF Margin %-0.04%0.06%-0.06%0.04%-0.01%
FCF Growth %-7.97%-1.77%1.69%-1.35%
FCF per Share-0.010.05-0.040.03-0.01
FCF Conversion (FCF/Net Income)-0.32x0.70x-4.31x2.42x0.09x
Interest Paid013.99K9.68K5.78K0
Taxes Paid001.62K578289

Key Ratios

Metric20202021202220232024
Return on Equity (ROE)15.11%54.66%5.37%4.73%-39.38%
Return on Invested Capital (ROIC)4.45%63.8%1.85%9.2%-29.12%
Gross Margin35.91%34.41%32.85%21.28%22.92%
Net Margin6.99%9.23%1.43%1.46%-14.63%
Debt / Equity0.14x0.04x0.05x0.01x0.00x
Interest Coverage318.76x101.39x5.64x84.84x-
FCF Conversion-0.32x0.70x-4.31x2.42x0.09x
Revenue Growth-288.41%-19.9%19.79%-8.91%

Revenue by Segment

2024
Application Development Services7.8M
Application Development Services Growth-
Subscription Service2.29M
Subscription Service Growth-
Finance Income13.98K
Finance Income Growth-

Frequently Asked Questions

Growth & Financials

NetClass Technology Inc (NTCL) reported $10.1M in revenue for fiscal year 2024. This represents a 239% increase from $3.0M in 2020.

NetClass Technology Inc (NTCL) saw revenue decline by 8.9% over the past year.

NetClass Technology Inc (NTCL) reported a net loss of $1.5M for fiscal year 2024.

Dividend & Returns

NetClass Technology Inc (NTCL) has a return on equity (ROE) of -39.4%. Negative ROE indicates the company is unprofitable.

NetClass Technology Inc (NTCL) had negative free cash flow of $0.1M in fiscal year 2024, likely due to heavy capital investments.

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