NaaS Technology Inc.(NAAS)Earnings, Financials & Key Ratios
NAAS•NASDAQ
$3.00
Price updated Jul 2, 2026
AboutNaaS Technology Inc. provides electric vehicle (EV) charging services in China. It serves charging station operators, charger manufacturers, EV OEMs, and other end-users. The company was founded in 2019 and is based in Beijing, China.Show more
- Revenue$125M-37.7%
- EBITDA-$185M+76.6%
- Net Income-$439M+51.9%
- EPS (Diluted)-140.48+87.5%
- Gross Margin85.92%+95.0%
- EBITDA Margin-147.95%+62.4%
- Operating Margin-152.41%+62.0%
- Net Margin-350.77%+22.8%
NAAS Price & Volume
NaaS Technology Inc. (NAAS) stock price & volume — 10-year historical chart
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Structural Revenue Contraction Masks Deep Solvency Risks
Investment Thesis • Updated 2025Q2
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and solvency risk
Key Thesis Takeaways
- NaaS Technology faces a precarious outlook as its aggregator model struggles with a 63.7% revenue decline in 2025Q2 and an inability to achieve operational scale.
- The company's reliance on share-based compensation to offset cash burn, alongside a negative equity position of $637.1 million, suggests significant long-term solvency concerns.
- Investors should monitor the company's inability to convert earnings into positive operating cash flow, which remains at $0 for eight of the last ten quarters.
Verdict Logic
the company's current ratio of 0.35 and the collapse of equity into a $637.1 million deficit present severe risks to long-term capital preservation.
NAAS Growth Metrics
NaaS Technology Inc. (NAAS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-13.43%
5 Years82.61%
3 Years10.47%
TTM-55.5%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM60.46%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM58.66%
Return on Capital
10 Years-157.8%
5 Years-354.35%
3 Years-148.86%
Last Year-
Peers Comparison
Key metrics vs top competitors for NaaS Technology Inc. (NAAS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $3.00 | $10.65M | -0.15 | -37.73% | -350.77% | — | — | |
| $0.65 | $77.58M | -0.86 | -16.08% | -71.8% | -106.04% | — | |
| $1.89 | $592.67M | -6.10 | 49.55% | -11.15% | -12.2% | — | |
| $5.96 | $154.35M | -0.63 | -1.4% | -49.66% | -680.26% | — | |
| $3.96 | $163.5M | 3.84 | -10.63% | 5.12% | 2.78% | — | |
| $5.07 | $205.84M | 4.16 | 36.55% | -19.55% | -3.39% | — |
Compare NAAS vs Peers
NaaS Technology Inc. (NAAS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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NAAS Frequently Asked Questions
NaaS Technology Inc. (NAAS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is NaaS Technology Inc.'s revenue?
NaaS Technology Inc. (NAAS) reported $156.3M in revenue for fiscal year 2025. This represents a 70% decrease from $529.5M in 2015.
How fast is NaaS Technology Inc. growing?
NaaS Technology Inc. (NAAS) saw revenue decline by 37.7% over the past year.
Is NAAS profitable?
NaaS Technology Inc. (NAAS) reported a net loss of $484.5M for fiscal year 2025.
Dividend & Returns
What is NaaS Technology Inc.'s free cash flow?
NaaS Technology Inc. (NAAS) had negative free cash flow of $31.4M in fiscal year 2025, likely due to heavy capital investments.