Income Statement NetClass Technology Inc

Stocks

NTCL

KYG6427C1160

Miscellaneous Educational Service Providers

Market Closed - Nasdaq 02:00:00 10/09/2026 am IST			5-day change	1st Jan Change
2.110 ^USD	+0.48%		+12.23%	-87.79%

31/07	NetClass Technology Inc Enters Outdoor Advertising, Technology Services, And Consulting Services Agreements With China Outdoor Media Development Limited, Gang Zhu, And Zen Song	CI
23/07	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	1.16Cr	92.58L	1.11Cr	1.01Cr	98.05L
Total Revenues	1.16Cr	92.58L	1.11Cr	1.01Cr	98.05L
Cost of Goods Sold, Total	75.8L	62.17L	87.3L	77.87L	75.65L
Gross Profit	39.77L	30.41L	23.6L	23.15L	22.4L
Selling General & Admin Expenses, Total	23.63L	21.64L	14.05L	10.89L	1.02Cr
R&D Expenses	4L	8L	6L	25.15L	16.78L
Other Operating Expenses, Total	27.7L	29.92L	19.73L	36.04L	1.19Cr
Operating Income	12.08L	48.37T	4L	-12.89L	-96.84L
Interest Expense, Total	-13.2T	-9.68T	-5.78T	-	-1L
Interest And Investment Income	1.29T	1.11T	1.22T	-	-
Net Interest Expenses	-11.91T	-8.57T	-4.56T	-	-1L
Other Non Operating Income (Expenses)	34.29T	24.35T	37.42T	-14.58T	-10.64T
EBT, Excl. Unusual Items	12.3L	64.15T	4L	-13.03L	-98.43L
Asset Writedown	-	-	-	-	-12.5L
Other Unusual Items	-	-	-	-	1L
EBT, Incl. Unusual Items	12.3L	64.15T	4L	-13.03L	-1.1Cr
Income Tax Expense	2L	-68.54T	3L	86.31T	-86.74T
Earnings From Continuing Operations	10.67L	1L	2L	-13.9L	-1.09Cr
Net Income to Company	10.67L	1L	2L	-13.9L	-1.09Cr
Minority Interest	41	-	-	-88.09T	41.81T
Net Income - (IS)	10.67L	1L	2L	-14.78L	-1.08Cr
Net Income to Common Incl Extra Items	10.67L	1L	2L	-14.78L	-1.08Cr
Net Income to Common Excl. Extra Items	10.67L	1L	2L	-14.78L	-1.08Cr
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	-	3L	3L	3L	4L
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	-	3L	3L	3L	4L
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	13.38L	2L	5L	-12.78L	-91.49L
EBITA	12.08L	48.37T	4L	-12.89L	-96.84L
EBIT	12.08L	48.37T	4L	-12.89L	-96.84L
EBITDAR	14.23L	2L	5L	-12.34L	-88.26L
Effective Tax Rate - (Ratio)	13.29	-106.84	61.33	-6.62	0.79
Current Domestic Taxes	63.72T	33.59T	2L	45.59T	-38.19T
Current Foreign Taxes	-	-	-	-	18.95T
Total Current Taxes	63.72T	33.59T	2L	45.59T	-19.25T
Deferred Domestic Taxes	99.76T	-1L	58.72T	-483	-2.68T
Deferred Foreign Taxes	-	-	-	41.2T	-64.81T
Total Deferred Taxes	99.76T	-1L	58.72T	40.72T	-67.49T
Normalized Net Income	8L	40.09T	3L	-9L	-61.1L
Supplemental Operating Expense Items
Advertising Expense	15.71L	12.02L	5L	3L	8L
Selling and Marketing Expenses	17.77L	12.98L	6L	4L	10.16L
General and Administrative Expenses	5L	8L	8L	7L	89.08L
Research And Development Expense From Footnotes	4L	8L	6L	25.15L	16.78L
Net Rental Expense, Total	84.1T	42.54T	43.54T	43.69T	3L
Imputed Operating Lease Interest Expense	62.17T	28.72T	21.73T	-	3L
Imputed Operating Lease Depreciation	21.93T	13.82T	21.8T	-	48.11T
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	51.55L
Total Stock-Based Compensation	-	-	-	-	51.55L

Fiscal Period: September	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	10.42L	2L	5L	4L	17.64L
Total Cash And Short Term Investments	10.42L	2L	5L	4L	17.64L
Accounts Receivable, Total	25.12L	33.67L	22.87L	52.98L	55.81L
Other Receivables	-	-	-	-	-
Total Receivables	25.12L	33.67L	22.87L	52.98L	55.81L
Inventory	2L	94.57T	10.58L	11.95L	12.32L
Prepaid Expenses	1L	37.94T	4L	40.99T	3L
Restricted Cash	-	93.5T	-	4.56T	-
Other Current Assets, Total	-	2L	20.05L	1L	-
Total Current Assets	38.37L	40.24L	63.15L	70.87L	88.58L
Gross Property Plant And Equipment	7L	6L	7L	7L	17.86L
Accumulated Depreciation	-4L	-5L	-6L	-6L	-76.47T
Net Property Plant And Equipment	3L	1L	1L	52.83T	17.1L
Other Intangibles, Total	-	-	-	-	11.1L
Deferred Tax Assets Long-Term	1L	2L	1L	88.44T	1L
Other Long-Term Assets, Total	-	-	-	-	20.24L
Total Assets	42.18L	43.54L	65.41L	72.29L	1.38Cr
Liabilities
Accounts Payable, Total	10.06L	10.1L	11.54L	28.61L	19.01L
Accrued Expenses, Total	1L	4L	4L	5L	6L
Short-term Borrowings	-	1L	-	-	16.02L
Current Portion of Long-Term Debt	98.55T	-	-	-	-
Current Portion of Leases	-	-	41.65T	13.12T	1L
Current Income Taxes Payable	70.39T	92.72T	3L	3L	3L
Unearned Revenue Current, Total	4L	3L	2L	4L	19.19L
Other Current Liabilities	688	-	-	-	3L
Total Current Liabilities	16.92L	19.43L	20.85L	41.66L	68.53L
Long-Term Debt	-	-	-	-	4L
Long-Term Leases	-	-	12.71T	-	6L
Total Liabilities	16.92L	19.43L	20.97L	41.66L	78.31L
Common Stock, Total	10T	3.75T	3.94T	3.94T	5.12T
Additional Paid In Capital	29.16L	29.22L	48.22L	48.22L	2.2Cr
Retained Earnings	-4L	-3L	-1L	-16.69L	-1.25Cr
Comprehensive Income and Other	24.79T	-2L	-3L	-2L	-36.91L
Total Common Equity	25.26L	24.11L	44.44L	29.71L	57.82L
Minority Interest	-	-	-	91.07T	2L
Total Equity	25.26L	24.11L	44.44L	30.62L	59.79L
Total Liabilities And Equity	42.18L	43.54L	65.41L	72.29L	1.38Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	3L	3L	4L	4L
ECS Total Common Shares Outstanding	-	3L	3L	3L	4L
Book Value / Share	-	8.04	14.1	9.43	14.11
Tangible Book Value	25.26L	24.11L	44.44L	29.71L	46.71L
Tangible Book Value Per Share	-	8.04	14.1	9.43	11.4
Total Debt	98.55T	1L	54.36T	13.12T	27.24L
Net Debt	-9L	-77.27T	-5L	-4L	10L
Debt Equivalent Oper. Leases	7L	3L	3L	3L	25.81L
Minority Interest, Total (Incl. Fin. Div)	-	-	-	91.07T	2L
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	2L	-	-	-	-
Machinery, Total	7L	6L	6L	6L	87.36T
Full Time Employees	41	35	32	37	46
Accumulated Allowance for Doubtful Accounts (Supple)	7L	7L	6L	8L	12.89L

Fiscal Period: September	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	10.67L	1L	2L	-14.78L	-1.08Cr
Depreciation & Amortization - CF	1L	1L	1L	52.97T	6L
Depreciation & Amortization, Total	1L	1L	1L	52.97T	6L
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	3L
(Gain) Loss From Sale Of Asset	-	-	-	-	26.48T
Asset Writedown & Restructuring Costs	-	-	-	-	12.5L
Stock-Based Compensation (CF)	-	-	-	-	51.55L
Provision and Write-off of Bad Debts	40.09T	29.13T	-44.08T	52.64T	5L
Other Operating Activities, Total	2L	-1L	3L	1L	-1L
Change In Accounts Receivable	-7L	-12.14L	10.81L	-30.33L	-7L
Change In Inventories	5L	2L	-	-60.04T	-2L
Change In Accounts Payable	-5L	1L	2L	16.44L	-9L
Change In Income Taxes	63.72T	31.42T	2L	45.6T	-19.25T
Change in Other Net Operating Assets	62.43T	2L	-15.96L	25.11L	-7L
Cash from Operations	7L	-6L	4L	-1L	-57.19L
Capital Expenditure	-3.48T	-	-	-	-6.47T
Sale of Property, Plant, and Equipment	-	-	-	-	2.77T
Cash Acquisitions	-	-	-	-	17.33T
Sale (Purchase) of Intangible assets	23.06T	-	-	-	-23L
Cash from Investing	19.57T	-	-	-	-22.86L
Short Term Debt Issued, Total	70.84T	2L	73.07T	42.15T	2.44T
Long-Term Debt Issued, Total	-	-	-	-	21.56L
Total Debt Issued	70.84T	2L	73.07T	42.15T	21.59L
Short Term Debt Repaid, Total	-7.78T	-1L	-1L	-420	-1L
Long-Term Debt Repaid, Total	-97.6T	-	-	-	-12.8L
Total Debt Repaid	-1L	-1L	-1L	-420	-14.02L
Issuance of Common Stock	-	-	-	-	1.04Cr
Other Financing Activities, Total	4T	-2L	-92.53T	-30.86T	-17.47L
Cash from Financing	-30.54T	-1L	-2L	10.87T	93.6L
Foreign Exchange Rate Adjustments	329	-43.2T	-16.07T	15.47T	-5.8T
Net Change in Cash	7L	-7L	2L	-1L	13.49L
Supplemental Items
Cash Interest Paid	13.99T	9.68T	5.78T	-	10.04T
Cash Income Tax Paid (Refund)	-	1.62T	578	289	-
Levered Free Cash Flow	4L	-7L	-13.71L	5L	-18.19L
Unlevered Free Cash Flow	4L	-7L	-13.67L	5L	-17.26L
Change In Net Working Capital	5L	8L	17.43L	-12.24L	-6L
Net Debt Issued / Repaid	-34.54T	45.21T	-60.38T	41.73T	8L

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 %	1.52T	-95.99	699.47	-433.29	651.4
EBIT, 1 Yr. Growth %	1.52T	-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	-1.01T	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	1.02T	12.96	3.13
Net Property, Plant and Equip., 1 Yr. Growth %	-27.7	-48.26	-29.04	-48.82	3.14T
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 %	-1.24T	-176.62	-168.58	-134.62	4.12T
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