Cash flow NetClass Technology Inc

Stocks

NTCL

KYG6427C1160

Miscellaneous Educational Service Providers

Delayed Nasdaq 14:54:47 2026-08-31 EDT			5-day change	1st Jan Change
2.240 ^USD	-6.67%		-7.05%	-87.03%

07-30	NetClass Technology Inc Enters Outdoor Advertising, Technology Services, And Consulting Services Agreements With China Outdoor Media Development Limited, Gang Zhu, And Zen Song	CI
07-22	NetClass Technology Inc Reports Earnings Results for the Half Year Ended March 31, 2026	CI

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Published financial data: NETCLASS TECHNOLOGY INC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	11.56M	9.26M	11.09M	10.1M	9.81M
Total Revenues	11.56M	9.26M	11.09M	10.1M	9.81M
Cost of Goods Sold, Total	7.58M	6.22M	8.73M	7.79M	7.56M
Gross Profit	3.98M	3.04M	2.36M	2.31M	2.24M
Selling General & Admin Expenses, Total	2.36M	2.16M	1.41M	1.09M	10.25M
R&D Expenses	407K	828K	568K	2.52M	1.68M
Other Operating Expenses, Total	2.77M	2.99M	1.97M	3.6M	11.92M
Operating Income	1.21M	48.37K	387K	-1.29M	-9.68M
Interest Expense, Total	-13.2K	-9.68K	-5.78K	-	-148K
Interest And Investment Income	1.29K	1.11K	1.22K	-	-
Net Interest Expenses	-11.91K	-8.57K	-4.56K	-	-148K
Other Non Operating Income (Expenses)	34.29K	24.35K	37.42K	-14.58K	-10.64K
EBT, Excl. Unusual Items	1.23M	64.15K	420K	-1.3M	-9.84M
Asset Writedown	-	-	-	-	-1.25M
Other Unusual Items	-	-	-	-	140K
EBT, Incl. Unusual Items	1.23M	64.15K	420K	-1.3M	-10.95M
Income Tax Expense	163K	-68.54K	257K	86.31K	-86.74K
Earnings From Continuing Operations	1.07M	133K	162K	-1.39M	-10.87M
Net Income to Company	1.07M	133K	162K	-1.39M	-10.87M
Minority Interest	41	-	-	-88.09K	41.81K
Net Income - (IS)	1.07M	133K	162K	-1.48M	-10.82M
Net Income to Common Incl Extra Items	1.07M	133K	162K	-1.48M	-10.82M
Net Income to Common Excl. Extra Items	1.07M	133K	162K	-1.48M	-10.82M
Per Share Items
Net EPS - Basic	-	0.44	0.54	-4.69	-30.08
Basic EPS - Continuing Operations	-	0.44	0.54	-4.69	-30.08
Basic Weighted Average Shares Outstanding	-	300K	300K	315K	360K
Net EPS - Diluted	-	0.44	0.54	-4.69	-30.08
Diluted EPS - Continuing Operations	-	0.44	0.54	-4.69	-30.08
Diluted Weighted Average Shares Outstanding	-	300K	300K	315K	360K
Normalized Basic EPS	-	0.13	0.87	-2.86	-16.98
Normalized Diluted EPS	-	0.13	0.87	-2.86	-16.98
Supplemental Items
EBITDA	1.34M	167K	483K	-1.28M	-9.15M
EBITA	1.21M	48.37K	387K	-1.29M	-9.68M
EBIT	1.21M	48.37K	387K	-1.29M	-9.68M
EBITDAR	1.42M	209K	526K	-1.23M	-8.83M
Effective Tax Rate - (Ratio)	13.29	-106.84	61.33	-6.62	0.79
Current Domestic Taxes	63.72K	33.59K	199K	45.59K	-38.19K
Current Foreign Taxes	-	-	-	-	18.95K
Total Current Taxes	63.72K	33.59K	199K	45.59K	-19.25K
Deferred Domestic Taxes	99.76K	-102K	58.72K	-483	-2.68K
Deferred Foreign Taxes	-	-	-	41.2K	-64.81K
Total Deferred Taxes	99.76K	-102K	58.72K	40.72K	-67.49K
Normalized Net Income	769K	40.09K	262K	-903K	-6.11M
Supplemental Operating Expense Items
Advertising Expense	1.57M	1.2M	513K	297K	797K
Selling and Marketing Expenses	1.78M	1.3M	607K	386K	1.02M
General and Administrative Expenses	502K	823K	755K	660K	8.91M
Research And Development Expense From Footnotes	407K	828K	568K	2.52M	1.68M
Net Rental Expense, Total	84.1K	42.54K	43.54K	43.69K	323K
Imputed Operating Lease Interest Expense	62.17K	28.72K	21.73K	-	274K
Imputed Operating Lease Depreciation	21.93K	13.82K	21.8K	-	48.11K
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	5.16M
Total Stock-Based Compensation	-	-	-	-	5.16M

Fiscal Period: September	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	1.04M	208K	525K	411K	1.76M
Total Cash And Short Term Investments	1.04M	208K	525K	411K	1.76M
Accounts Receivable, Total	2.51M	3.37M	2.29M	5.3M	5.58M
Other Receivables	-	-	-	-	-
Total Receivables	2.51M	3.37M	2.29M	5.3M	5.58M
Inventory	162K	94.57K	1.06M	1.19M	1.23M
Prepaid Expenses	121K	37.94K	441K	40.99K	281K
Restricted Cash	-	93.5K	-	4.56K	-
Other Current Assets, Total	-	222K	2M	138K	-
Total Current Assets	3.84M	4.02M	6.31M	7.09M	8.86M
Gross Property Plant And Equipment	698K	632K	671K	654K	1.79M
Accumulated Depreciation	-417K	-487K	-568K	-601K	-76.47K
Net Property Plant And Equipment	281K	145K	103K	52.83K	1.71M
Other Intangibles, Total	-	-	-	-	1.11M
Deferred Tax Assets Long-Term	100K	185K	123K	88.44K	108K
Other Long-Term Assets, Total	-	-	-	-	2.02M
Total Assets	4.22M	4.35M	6.54M	7.23M	13.81M
Liabilities
Accounts Payable, Total	1.01M	1.01M	1.15M	2.86M	1.9M
Accrued Expenses, Total	103K	406K	417K	526K	641K
Short-term Borrowings	-	131K	-	-	1.6M
Current Portion of Long-Term Debt	98.55K	-	-	-	-
Current Portion of Leases	-	-	41.65K	13.12K	144K
Current Income Taxes Payable	70.39K	92.72K	288K	341K	319K
Unearned Revenue Current, Total	413K	302K	184K	425K	1.92M
Other Current Liabilities	688	-	-	-	326K
Total Current Liabilities	1.69M	1.94M	2.08M	4.17M	6.85M
Long-Term Debt	-	-	-	-	421K
Long-Term Leases	-	-	12.71K	-	557K
Total Liabilities	1.69M	1.94M	2.1M	4.17M	7.83M
Common Stock, Total	10K	3.75K	3.94K	3.94K	5.12K
Additional Paid In Capital	2.92M	2.92M	4.82M	4.82M	21.96M
Retained Earnings	-424K	-292K	-129K	-1.67M	-12.49M
Comprehensive Income and Other	24.79K	-223K	-253K	-186K	-3.69M
Total Common Equity	2.53M	2.41M	4.44M	2.97M	5.78M
Minority Interest	-	-	-	91.07K	197K
Total Equity	2.53M	2.41M	4.44M	3.06M	5.98M
Total Liabilities And Equity	4.22M	4.35M	6.54M	7.23M	13.81M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	300K	315K	357K	440K
ECS Total Common Shares Outstanding	-	300K	315K	315K	410K
Book Value / Share	-	8.04	14.1	9.43	14.11
Tangible Book Value	2.53M	2.41M	4.44M	2.97M	4.67M
Tangible Book Value Per Share	-	8.04	14.1	9.43	11.4
Total Debt	98.55K	131K	54.36K	13.12K	2.72M
Net Debt	-943K	-77.27K	-470K	-398K	961K
Debt Equivalent Oper. Leases	673K	340K	348K	350K	2.58M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	91.07K	197K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	162K	-	-	-	-
Machinery, Total	698K	632K	616K	641K	87.36K
Full Time Employees	41	35	32	37	46
Accumulated Allowance for Doubtful Accounts (Supple)	737K	694K	634K	780K	1.29M

Fiscal Period: September	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	1.07M	133K	162K	-1.48M	-10.82M
Depreciation & Amortization - CF	131K	119K	135K	52.97K	571K
Depreciation & Amortization, Total	131K	119K	135K	52.97K	571K
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	326K
(Gain) Loss From Sale Of Asset	-	-	-	-	26.48K
Asset Writedown & Restructuring Costs	-	-	-	-	1.25M
Stock-Based Compensation (CF)	-	-	-	-	5.16M
Provision and Write-off of Bad Debts	40.09K	29.13K	-44.08K	52.64K	514K
Other Operating Activities, Total	158K	-102K	281K	129K	-134K
Change In Accounts Receivable	-714K	-1.21M	1.08M	-3.03M	-740K
Change In Inventories	466K	159K	-	-60.04K	-235K
Change In Accounts Payable	-528K	107K	175K	1.64M	-930K
Change In Income Taxes	63.72K	31.42K	198K	45.6K	-19.25K
Change in Other Net Operating Assets	62.43K	166K	-1.6M	2.51M	-680K
Cash from Operations	746K	-571K	392K	-136K	-5.72M
Capital Expenditure	-3.48K	-	-	-	-6.47K
Sale of Property, Plant, and Equipment	-	-	-	-	2.77K
Cash Acquisitions	-	-	-	-	17.33K
Sale (Purchase) of Intangible assets	23.06K	-	-	-	-2.3M
Cash from Investing	19.57K	-	-	-	-2.29M
Short Term Debt Issued, Total	70.84K	178K	73.07K	42.15K	2.44K
Long-Term Debt Issued, Total	-	-	-	-	2.16M
Total Debt Issued	70.84K	178K	73.07K	42.15K	2.16M
Short Term Debt Repaid, Total	-7.78K	-132K	-133K	-420	-122K
Long-Term Debt Repaid, Total	-97.6K	-	-	-	-1.28M
Total Debt Repaid	-105K	-132K	-133K	-420	-1.4M
Issuance of Common Stock	-	-	-	-	10.35M
Other Financing Activities, Total	4K	-171K	-92.53K	-30.86K	-1.75M
Cash from Financing	-30.54K	-126K	-153K	10.87K	9.36M
Foreign Exchange Rate Adjustments	329	-43.2K	-16.07K	15.47K	-5.8K
Net Change in Cash	735K	-740K	223K	-109K	1.35M
Supplemental Items
Cash Interest Paid	13.99K	9.68K	5.78K	-	10.04K
Cash Income Tax Paid (Refund)	-	1.62K	578	289	-
Levered Free Cash Flow	372K	-659K	-1.37M	471K	-1.82M
Unlevered Free Cash Flow	380K	-653K	-1.37M	471K	-1.73M
Change In Net Working Capital	525K	802K	1.74M	-1.22M	-580K
Net Debt Issued / Repaid	-34.54K	45.21K	-60.38K	41.73K	757K

Fiscal Period: September	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	18.57	0.71	4.44	-11.7	-57.54
Return on Total Capital	36.05	1.17	6.87	-21.27	-102.39
Return On Equity %	54.66	5.37	4.73	-37.03	-240.38
Return on Common Equity	54.04	5.37	4.73	-39.86	-247.34
Margin Analysis
Gross Profit Margin %	34.41	32.85	21.28	22.92	22.85
SG&A Margin	20.45	23.38	12.67	10.78	104.5
EBITDA Margin %	11.58	1.8	4.35	-12.65	-93.31
EBITA Margin %	10.45	0.52	3.49	-12.76	-98.77
EBIT Margin %	10.45	0.52	3.49	-12.76	-98.77
Income From Continuing Operations Margin %	9.23	1.43	1.46	-13.76	-110.82
Net Income Margin %	9.23	1.43	1.46	-14.63	-110.4
Net Avail. For Common Margin %	9.23	1.43	1.46	-14.63	-110.4
Normalized Net Income Margin	6.65	0.43	2.36	-8.94	-62.31
Levered Free Cash Flow Margin	3.22	-7.12	-12.36	4.66	-18.55
Unlevered Free Cash Flow Margin	3.29	-7.05	-12.33	4.66	-17.61
Asset Turnover
Asset Turnover	2.84	2.16	2.04	1.47	0.93
Fixed Assets Turnover	34.5	43.4	89.18	129.46	11.13
Receivables Turnover (Average Receivables)	5.44	3.15	3.92	2.66	1.8
Inventory Turnover (Average Inventory)	18.51	36.17	15.15	6.91	6.23
Short Term Liquidity
Current Ratio	2.27	2.07	3.03	1.7	1.29
Quick Ratio	2.1	1.84	1.35	1.37	1.07
Operating Cash Flow to Current Liabilities	0.44	-0.29	0.19	-0.03	-0.83
Days Sales Outstanding (Average Receivables)	67.1	115.89	93.05	137.41	202.48
Days Outstanding Inventory (Average Inventory)	19.72	10.09	24.09	52.93	58.55
Average Days Payable Outstanding	63.55	60.69	40.74	92.71	114.32
Cash Conversion Cycle (Average Days)	23.27	65.28	76.39	97.63	146.71
Long Term Solvency
Total Debt/Equity	3.9	5.43	1.22	0.43	45.57
Total Debt / Total Capital	3.75	5.15	1.21	0.43	31.3
LT Debt/Equity	-	-	0.29	-	16.36
Long-Term Debt / Total Capital	-	-	0.28	-	11.24
Total Liabilities / Total Assets	40.1	44.62	32.06	57.64	56.71
EBIT / Interest Expense	91.51	5	66.89	-	-65.48
EBITDA / Interest Expense	101.42	17.24	91.05	-	-59.68
(EBITDA - Capex) / Interest Expense	101.16	17.24	91.05	-	-59.72
Total Debt / EBITDA	0.07	0.78	0.1	-0.01	-0.31
Net Debt / EBITDA	-0.7	-0.46	-0.89	0.32	-0.11
Total Debt / (EBITDA - Capex)	0.07	0.78	0.1	-0.01	-0.31
Net Debt / (EBITDA - Capex)	-0.71	-0.46	-0.89	0.32	-0.11
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	288.41	-19.9	19.79	-8.91	-2.94
Gross Profit, 1 Yr. Growth %	272.26	-23.55	-22.4	-1.9	-3.22
EBITDA, 1 Yr. Growth %	602.49	-87.53	189.24	-364.69	615.85
EBITA, 1 Yr. Growth %	1.52K	-95.99	699.47	-433.29	651.4
EBIT, 1 Yr. Growth %	1.52K	-95.99	699.47	-433.29	651.4
Earnings From Cont. Operations, 1 Yr. Growth %	413.29	-87.56	22.26	-956.64	681.91
Net Income, 1 Yr. Growth %	413.11	-87.56	22.26	-1.01K	632.47
Normalized Net Income, 1 Yr. Growth %	446.3	-94.78	554.03	-444.25	576.84
Diluted EPS Before Extra, 1 Yr. Growth %	-	-87.56	22.1	-968.22	541.6
Accounts Receivable, 1 Yr. Growth %	44.52	34.05	-32.07	131.64	5.33
Inventory, 1 Yr. Growth %	-75.32	-62.04	1.02K	12.96	3.13
Net Property, Plant and Equip., 1 Yr. Growth %	-27.7	-48.26	-29.04	-48.82	3.14K
Total Assets, 1 Yr. Growth %	7.88	3.22	50.24	10.51	91.05
Tangible Book Value, 1 Yr. Growth %	77.8	-4.57	84.31	-33.14	57.22
Common Equity, 1 Yr. Growth %	77.8	-4.57	84.31	-33.14	94.59
Cash From Operations, 1 Yr. Growth %	-1.24K	-176.62	-168.58	-134.62	4.12K
Capital Expenditures, 1 Yr. Growth %	-91.49	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-	-277.16	107.99	-134.46	-525.48
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-271.72	109.37	-134.46	-503.85
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	76.39	-2.05	4.46	-5.97
Gross Profit, 2 Yr. CAGR %	-	68.7	-22.98	-12.75	-2.56
EBITDA, 2 Yr. CAGR %	-	-6.4	-39.94	176.69	335.29
EBITA, 2 Yr. CAGR %	-	-19.47	-43.41	416.19	400.43
EBIT, 2 Yr. CAGR %	-	-19.47	-43.41	416.19	400.43
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-20.09	-61	223.63	718.42
Net Income, 2 Yr. CAGR %	-	-20.1	-61	233.73	716.85
Normalized Net Income, 2 Yr. CAGR %	-	-46.62	-41.6	374.5	382.71
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-61.03	225.58	646.36
Accounts Receivable, 2 Yr. CAGR %	-	39.19	-4.57	25.44	56.2
Inventory, 2 Yr. CAGR %	-	-62.06	106.04	255.42	7.93
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-38.84	-39.41	-39.74	306.97
Total Assets, 2 Yr. CAGR %	-	5.52	24.53	28.85	45.3
Tangible Book Value, 2 Yr. CAGR %	-	30.26	32.62	11.01	2.53
Common Equity, 2 Yr. CAGR %	-	30.26	32.62	11.01	14.06
Cash From Operations, 2 Yr. CAGR %	-	195.31	-27.51	-51.28	282.01
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	91.96	-15.06	15.23
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	89.61	-15.06	12.38
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	55.04	-4.39	1.93
Gross Profit, 3 Yr. CAGR %	-	-	30.23	-16.51	-9.68
EBITDA, 3 Yr. CAGR %	-	-	36.34	-1.53	279.84
EBITA, 3 Yr. CAGR %	-	-	73.07	2.19	485.01
EBIT, 3 Yr. CAGR %	-	-	73.07	2.19	485.01
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-7.92	9.22	334.26
Net Income, 3 Yr. CAGR %	-	-	-7.93	11.48	333.7
Normalized Net Income, 3 Yr. CAGR %	-	-	23.06	5.5	434.14
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	9.66	308.19
Accounts Receivable, 3 Yr. CAGR %	-	-	9.59	28.25	18.34
Inventory, 3 Yr. CAGR %	-	-	17.2	68.63	135.31
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-35.73	-42.72	127.36
Total Assets, 3 Yr. CAGR %	-	-	18.71	19.67	46.93
Tangible Book Value, 3 Yr. CAGR %	-	-	46.24	5.55	24.66
Common Equity, 3 Yr. CAGR %	-	-	46.24	5.55	33.85
Cash From Operations, 3 Yr. CAGR %	-	-	81.51	-43.34	115.5
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	8.19	40.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	7.4	38.28
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	26.93
Gross Profit, 5 Yr. CAGR %	-	-	-	-	15.96
EBITDA, 5 Yr. CAGR %	-	-	-	-	116.91
EBITA, 5 Yr. CAGR %	-	-	-	-	164.65
EBIT, 5 Yr. CAGR %	-	-	-	-	164.65
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	120.65
Net Income, 5 Yr. CAGR %	-	-	-	-	120.46
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	112.59
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	26.28
Inventory, 5 Yr. CAGR %	-	-	-	-	13.4
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	34.47
Total Assets, 5 Yr. CAGR %	-	-	-	-	28.71
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	26.87
Common Equity, 5 Yr. CAGR %	-	-	-	-	32.4
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	144.44
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-30.85