NetClass Technology
Builds customized smart-campus, online-learning, examination, and education-record systems for institutions.
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Profile
Sells customized smart-campus and educational software, hosted learning subscriptions, and AI-computing support to institutions, earning most revenue from project work while operating through a Cayman holding company with services concentrated in mainland China and Hong Kong.
Delivers customized application development, SaaS subscriptions, and AI-computing support to schools, training institutions, enterprises, and government agencies. Its offerings link smart-campus workflows with hosted mobile learning, online examinations, education-record blockchain, data storage and computing, and language assessment.
Earns most revenue from application-development and systems contracts, while subscriptions are priced by users or usage and recognized over time. Services are concentrated in mainland China and Hong Kong despite a Singapore executive office, while Japan and Southeast Asia form newer expansion areas. Operations remain subject to PRC rules on offshore offerings, cybersecurity, and data privacy; public holders own the Cayman issuer rather than the operating entities.
Company facts
Key statistics
Year to date −90.8% · Average volume (30d) 62.6K
Analysts
No analyst consensus on record.
Earnings
Not reported.
Financial highlights
| 7 quarters | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $7.8M | $3.8M | $6.3M | $3.7M | $6.2M | $6.4M | |
| Gross profit | $1.9M | $583.4K | $1.7M | $305.4K | $1.9M | $2.2K | |
| Operating income | $1.1M | −$2.2M | $946.1K | −$5.2M | −$5.8M | −$5.5M | |
| Net income | $983.8K | −$2.1M | $587.2K | −$4.9M | −$5.9M | −$6.0M | |
| Diluted EPS | $3.27 | −$6.55 | $1.86 | −$14.50 | −$17.50 | −$14.01 | |
| Gross margin | 24.7% | 15.5% | 27.3% | 8.4% | 31.5% | 0.0% | |
| Operating margin | 14.5% | -59.3% | 14.9% | -141.8% | -93.5% | -85.9% |
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Mar 31, 2026Cash & short-term investments $1.7M · Total debt $3.1M · Total assets $15.9M · Shareholders' equity $4.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 425.4K · Float 251.0K · 59.0% free float
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Microsoft
Institutional learning, smart-campus, and AI-cloud suite overlap.
- Alphabet Class A
Horizontal classroom suite and education-cloud alternative.
- Cisco Systems
Campus networks and education collaboration-suite alternative.
- Coursera
Institutional learning-platform and credential alternative.
- Docebo
Enterprise learning SaaS alternative for training customers.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NetClass Technology | $2.40 | −1.23% | $1.0M | — | — | 0.1 | — |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Cisco Systems | $109.95 | +0.01% | $433.28B | 33.0 | 21.4 | 6.8 | +17.6% |
| Coursera | $6.47 | −0.08% | $1.19B | — | 8.3 | 1.3 | +59.6% |
| Docebo | $25.59 | 0.00% | $649.5M | 22.0 | 15.4 | 2.5 | +11.0% |
| Median | 25.3 | 21.4 | 6.8 | +17.8% |







