Company research
NetClass Technology Inc
CIK 1927578Updated Nov 11, 2026
SecurityNTCL · NASDAQ · equity
NTCL price & chart
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NASDAQ:NTCL on TradingView ↗About the company
NETCLASS TECHNOLOGY INC was incorporated on January 4, 2022 under the laws of the Cayman Islands. We conduct business primarily through our wholly-owned subsidiaries, NetClass HK in Hong Kong, NetClass China and its subsidiaries in the PRC, and NetClass Asia in Singapore. Our primary offices are located in Shanghai, Hong Kong and Singapore, where we serve a large customer base throughout Hong Kong, PRC and Singapore. We are a B2B (Business-to-Business) smart education specialist, providing IT solutions to schools, training institutions, corporations, government agencies (mainly the Shanghai Municipal Education Commission), and other institutions or corporate customers. We offer SaaS subscription services and application software development. Our solutions modules include teaching management, campus management, data storage and computing system, online teaching, online examination, epidemic prevention and control, EDC (Education Chain) blockchain system, and lecturer evaluation services, etc. Our mission is to provide high-quality and reliable products to our customers to maintain sustainable business growth over the long term.
In the news
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q2 2025 | FY 2025 | FY 2024 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 11,315,632Source | 13,810,140Source | 7,228,724Source |
| Property, Plant and Equipment, NetUSD | 32,764Source | 10,887Source | 39,707Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 327,071Source | 1,110,411Source | — |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,805,463Source | 1,763,888Source | 410,716Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 4,654,356Source | 5,580,570Source | 5,298,006Source |
| Inventory, NetUSD | 199,869Source | 305,741Source | 70,681Source |
| Assets, CurrentUSD | 9,250,817Source | 8,857,837Source | 7,087,450Source |
| Prepaid Expense and Other Assets, CurrentUSD | 441,534Source | 281,230Source | 40,990Source |
| Operating Lease, Right-of-Use AssetUSD | 1,153,272Source | 674,885Source | 13,122Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 4,612,733Source | 7,831,274Source | 4,166,469Source |
| Stockholders’ equity: | |||
| Additional Paid in CapitalUSD | 13,285,824Source | 21,960,872Source | 4,821,992Source |
| Retained Earnings (Accumulated Deficit)USD | -6,588,434Source | -12,528,647Source | -1,704,065Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -202,103Source | -204,656Source | -186,134Source |
| Stockholders' Equity Attributable to ParentUSD | 6,535,193Source | 5,781,700Source | 2,971,181Source |
| Liabilities and EquityUSD | 11,315,632Source | 13,810,140Source | 7,228,724Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 4,240,663Source | 6,853,282Source | 4,166,469Source |
| Operating Lease, Liability, CurrentUSD | 1,272Source | 144,408Source | 13,122Source |
| Accounts Payable, CurrentUSD | 1,766,033Source | 1,901,377Source | 2,860,703Source |
| Operating Lease, Liability, NoncurrentUSD | — | 556,584Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 167,706Source | 197,166Source | 91,074Source |
| Additional Financial Items | |||
| Deferred Compensation EquityUSD | — | 3,486,439Source | — |
cash flow · annual statements
| Line item | Q2 2025 | Q2 2024 | FY 2025 | FY 2024 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -10,866,396Source | -1,389,724Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | — | — | 279,636Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 3,063,600Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | 739,537Source | 3,032,651Source |
| Increase (Decrease) in InventoriesUSD | — | — | 234,746Source | 60,039Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | -930,203Source | 1,643,599Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | -68,034Source | 40,722Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | -5,718,817Source | -135,655Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | -2,286,365Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | 6,466Source | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | 9,359,595Source | 10,867Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | 1,348,608Source | -109,321Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,309,521Source | 316,095Source | 1,763,888Source | 415,280Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | 10,041Source | — |
| Income Taxes Paid, NetUSD | — | — | — | 289Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | -5,805Source | 15,467Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | 118,258Source | — |
| DepreciationUSD | — | — | — | 10,821Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | -26,485Source | — |
| General and Administrative ExpenseUSD | — | — | 9,230,797Source | 703,233Source |
| Income Tax Expense (Benefit)USD | — | — | -86,736Source | 86,311Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -10,824,582Source | -1,477,813Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -41,814Source | 88,089Source |
| Nonoperating Income (Expense)USD | — | — | -18,821Source | -14,582Source |
| Operating ExpensesUSD | — | — | 13,174,726Source | 3,603,761Source |
| Operating Lease, ExpenseUSD | — | — | 292,135Source | 43,691Source |
| Other Nonoperating Income (Expense)USD | — | — | -43,993Source | -14,791Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | 2,985Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | 33,348Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Total RevenueUSD | 9,805,037Source | 10,101,647Source |
| Cost of Goods and Services Sold | —Source | —Source |
| Operating Income (Loss)USD | -10,934,311Source | -1,288,831Source |
| Other Nonoperating Income (Expense)USD | -43,993Source | -14,791Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -10,953,132Source | -1,303,413Source |
| Income Tax Expense (Benefit)USD | -86,736Source | 86,311Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -41,814Source | 88,089Source |
| Net Income (Loss) Attributable to ParentUSD | -10,824,582Source | -1,477,813Source |
| Earnings Per Share, BasicUSD per share | -0.6Source | -0.09Source |
| Earnings Per Share, DilutedUSD per share | -0.6Source | -0.09Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 17,992,169Source | 15,760,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 17,992,169Source | 15,760,000Source |
| Additional Financial Items | ||
| Current Income Tax Expense (Benefit)USD | -19,247Source | 45,589Source |
| General and Administrative ExpenseUSD | 9,230,797Source | 703,233Source |
| Gross ProfitUSD | 2,240,415Source | 2,314,930Source |
| Interest Expense, DebtUSD | 149,179Source | — |
| Interest Income (Expense), Nonoperating, NetUSD | -147,900Source | 209Source |
| Nonoperating Income (Expense)USD | -18,821Source | -14,582Source |
| Operating ExpensesUSD | 13,174,726Source | 3,603,761Source |
| Operating Lease, ExpenseUSD | 292,135Source | 43,691Source |
| Research and Development ExpenseUSD | 1,678,110Source | 2,515,015Source |
| Selling and Marketing ExpenseUSD | 1,015,819Source | 385,513Source |
Offerings
Registration 333-295192
Registration 333-292458
Registration 333-290951
Filing attachments
tm2629249d1_ex4-1.htm · 6-K · 2026-11-06
Exhibit 4.1 PRE-FUNDED ORDINARY SHARE PURCHASE WARRANT NETCLASS TECHNOLOGY INC Warrant Issuance Date: Shares: __________ __________, 2026 THIS PRE-FUNDED ORDINARY SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received, ________________ or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the Issuance Date (the “Initial Exercise Date”) a…
Read attachment ↗tm2629249d1_ex99-1.htm · 6-K · 2026-11-06
Exhibit 99.1 NetClass Technology Inc Announces Pricing of $1.2 Million Registered Direct Offering SINGAPORE and HONG KONG, November 6, 2026 (GLOBE NEWSWIRE) -- NetClass Technology Inc (NASDAQ: NTCL) (the "Company"), a B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore and Tokyo, today announced that it has entered into securities purchase agreements with a single institutional investor for the purchase and sale of 3,000,000 Class A Ordinary Shares (the “Sh…
Read attachment ↗tm2628649d1_ex99-1.htm · 6-K · 2026-10-30
Exhibit 99.1 NETCLASS TECHNOLOGY INC Receives Outstanding Case Award for Its Multi-Agent AI Language Teaching System at 2026 Digital Lifelong Learning Conference Project Recognized by UNESCO IITE, UIL, and Shanghai Open University for AI-Driven Education Innovation Proprietary AI English Go and CEPA Platforms Combine Multi-Agent Architecture with Automated Diagnostics and Teacher Review System Scaled to Nearly 100 Institutions, Supporting Over 40,000 Students and Three Accredited Sha…
Read attachment ↗tm2628291d1_ex99-1.htm · 6-K · 2026-10-26
Exhibit 99.1 NETCLASS TECHNOLOGY INC Important Notice Regarding the Availability of Proxy Materials for the Extraordinary General Meeting of Shareholders to be held on November 10, 2026 at 10 a.m. Singapore Time (November 9, 2026 at 9 p.m. Eastern Time) This communication presents only an overview of the more complete proxy materials that are available to you on the Internet. We encourage you to access and review all of the important information contained in the proxy materials before votin…
Read attachment ↗tm2628114d1_ex99-1.htm · 6-K · 2026-10-23
Exhibit 99.1 NETCLASS TECHNOLOGY INC Unit 11-03, ABI Plaza 11 Keppel Road Singapore 089057 PROXY STATEMENT AND NOTICE OF AN EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS To be held on November 10, 2026 at 10 a.m. Singapore Time (November 9, 2026 at 9 p.m. Eastern Time) (or any adjournment(s) or postponement(s) thereof) NOTICE OF AN EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS October 23, 2026 Dear Shareholders: Notice is hereby given that an extraordinary general meeting (the “EGM” or…
Read attachment ↗tm2628114d1_ex99-2.htm · 6-K · 2026-10-23
Exhibit 99.2 VOTE ON INTERNET Go to http://www.vstocktransfer.com/proxy Click on Proxy Voter Login and log-on using the below control number. Voting will be open until 11:59 p.m. Eastern Time on November 8, 2026. CONTROL # VOTE BY MAIL * SPECIMEN * 1 MAIN STREET ANYWHERE PA 99999-9999 Mark, sign and date your proxy card and return it in the envelope we have provided. VOTE IN PERSON If you would like to vote in person, please attend the Extraordinary General Meeting…
Read attachment ↗