NetClass Technology Inc (NTCL) Revenue History
Annual and quarterly revenue from 2020 to 2024
Compound Annual Growth Rate (CAGR)
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NTCL Revenue Growth
Revenue Breakdown (FY 2024)
NTCL's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
NTCL Revenue Analysis (2020–2024)
As of May 8, 2026, NetClass Technology Inc (NTCL) generated trailing twelve-month (TTM) revenue of $17.9 million, reflecting significant decline in growth of -19.1% year-over-year. The most recent quarter (Q4 2024) recorded $6.3 million in revenue, up 68.2% sequentially.
Looking at the longer-term picture, NTCL's historical revenue data shows a 3-year CAGR of -4.4%. The company achieved its highest annual revenue of $11.6 million in 2021.
Revenue diversification analysis shows NTCL's business is primarily driven by Application Development Services (77%), Subscription Service (23%), and Finance Income (0%). With over half of revenue concentrated in Application Development Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including GOTU (+50.2% YoY), EDTK (-86.1% YoY), and TAL (+44.4% YoY), NTCL has underperformed the peer group in terms of revenue growth. Compare NTCL vs GOTU →
NTCL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NTCLCurrent | $18M | -19.1% | - | -12.8% | |
 GOTU | $4.6B | +50.2% | +17.0% | -26.0% | |
 EDTK | $893,690 | -86.1% | -50.0% | -116.4% | |
 TAL | $2.3B | +44.4% | -7.2% | -0.3% | |
 EDU | $4.9B | +7.3% | +6.5% | 8.7% | |
 DAO | $5.9B | +4.8% | +19.9% | 3.7% |
NTCL Historical Revenue Data (2020–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $10.1M | -8.9% | $2.3M | 22.9% | $-1,288,831 | -12.8% |
| 2023 | $11.1M | +19.8% | $2.4M | 21.3% | $387K | 3.5% |
| 2022 | $9.3M | -19.9% | $3.0M | 32.8% | $48K | 0.5% |
| 2021 | $11.6M | +288.4% | $4.0M | 34.4% | $1.2M | 10.4% |
| 2020 | $3.0M | - | $1.1M | 35.9% | $75K | 2.5% |
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Start ComparisonNTCL — Frequently Asked Questions
Quick answers to the most common questions about buying NTCL stock.
Is NTCL's revenue growth accelerating or slowing?
NTCL revenue declined -19.1% year-over-year, contrasting with the 5-year CAGR of N/A. TTM revenue fell to $18M. This reverses the prior growth trend.
What is NTCL's long-term revenue growth rate?
NetClass Technology Inc's 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of -19.1% is below this long-term average.
How is NTCL's revenue distributed by segment?
NTCL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2024 are available for download. Segment mix reveals concentration and diversification trends.