Security
NETCLASS TECHNOLOGY INC Class A Ordinary Shares · NTCL
NTCLNASDAQCommon stockCurrentCIK 1927578Updated Oct 12, 2026
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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.
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| ASSETS | ||
| AssetsUSD | 13,810,140Source | 7,228,724Source |
| Property, Plant and Equipment, NetUSD | 10,887Source | 39,707Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 1,110,411Source | — |
| Current assets: | ||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,763,888Source | 410,716Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 5,580,570Source | 5,298,006Source |
| Inventory, NetUSD | 305,741Source | 70,681Source |
| Assets, CurrentUSD | 8,857,837Source | 7,087,450Source |
| Prepaid Expense and Other Assets, CurrentUSD | 281,230Source | 40,990Source |
| Operating Lease, Right-of-Use AssetUSD | 674,885Source | 13,122Source |
| LIABILITIES AND EQUITY | ||
| LiabilitiesUSD | 7,831,274Source | 4,166,469Source |
| Stockholders’ equity: | ||
| Additional Paid in CapitalUSD | 21,960,872Source | 4,821,992Source |
| Retained Earnings (Accumulated Deficit)USD | -12,528,647Source | -1,704,065Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -204,656Source | -186,134Source |
| Stockholders' Equity Attributable to ParentUSD | 5,781,700Source | 2,971,181Source |
| Liabilities and EquityUSD | 13,810,140Source | 7,228,724Source |
| Current liabilities: | ||
| Liabilities, CurrentUSD | 6,853,282Source | 4,166,469Source |
| Operating Lease, Liability, CurrentUSD | 144,408Source | 13,122Source |
| Accounts Payable, CurrentUSD | 1,901,377Source | 2,860,703Source |
| Operating Lease, Liability, NoncurrentUSD | 556,584Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 197,166Source | 91,074Source |
| Additional Financial Items | ||
| Deferred Compensation EquityUSD | 3,486,439Source | — |
cash flow · annual statements
| Line item | 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 | 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 | — | — |
| 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
tm2627126d1_ex99-1.htm · 6-K · 2026-10-09
Exhibit 99.1 NETCLASS TECHNOLOGY INC Expands Business Horizons with Strategic Entry into AI Companion Smart Hardware Leveraging an Asset-Light Model, the Company Launches "LinkeeBot" Targeting Its Established Student Demographic Strategic Expansion into Interactive AI Smart Pets Intended to Diversify Core Revenue Streams Alongside Existing SaaS Operations Initial Commercialization Planned in Select Asian Markets, Including Southeast Asia, Mainland China, Hong Kong, and Japan SINGA…
Read attachment ↗tm2621734d1_ex99-1.htm · 6-K · 2026-07-30
Exhibit 99.1 JINMAO OUTDOOR ADVERTISING SERVICES AGREEMENT This Outdoor Advertising Services Agreement (the “Agreement”) is made and entered into on July 20, 2026 (the “Execution Date”), by and between: Party A: NETCLASS TECHNOLOGY INC Address: 4th Floor, Harbour Place, 103 South Church Street, PO Box 10240, Grand Cayman, Cayman Islands Party B: CHINA OUTDOOR MEDIA DEVELOPMENT LIMITED Address: ROOM 2914, 29TH FLOOR, HO KING COMMERCIAL CENTRE, 2-16 FA YUEN STREET, MONG KOK, HONG KONG, 99907…
Read attachment ↗tm2621734d1_ex99-2.htm · 6-K · 2026-07-30
Exhibit 99.2 TECHNOLOGY SERVICES AGREEMENT This Technology Services Agreement (the “Agreement”) is made and entered into on July 20, 2026 (the “Execution Date”), by and between: Party A: NETCLASS TECHNOLOGY INC Address： 4th Floor, Harbour Place, 103 South Church Street, PO Box 10240, Grand Cayman, Cayman Islands Party B: Gang Zhu Address: No.86, East Yangzhuang Villa, Xuecheng District, Zaozhuang, Shandong, China WHEREAS, Party A intends to engage Party B to provide professional technolog…
Read attachment ↗ntcl-20260331xex99d1.htm · 6-K · 2026-07-22
Table of Contents Exhibit 99.1 NETCLASS TECHNOLOGY INC INDEX TO UNAUDITED CONDENSED FINANCIAL STATEMENTS Unaudited Condensed Consolidated Financial Statements Unaudited Condensed Consolidated Balance Sheets as of March 31, 2026 and September 30, 2025 F-2 Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the Six Months Ended March 31, 2026 and 2025 F-3 Unaudited Condensed Consolidated Statements of Chan…
Read attachment ↗ntcl-20260331xex99d2.htm · 6-K · 2026-07-22
Exhibit 99.2 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes that appear in this prospectus. In addition to historical consolidated financial information, the following discussion contains forward-looking statements that reflect our plans, estimates, and beliefs. Our actual res…
Read attachment ↗tm2619858d1_ex99-1.htm · 6-K · 2026-07-07
Exhibit 99.1 NETCLASS TECHNOLOGY INC Announces 1 for 50 Share Consolidation SINGAPORE and HONG KONG, July 1, 2026 - NETCLASS TECHNOLOGY INC (Nasdaq: NTCL; the “Company” or “NetClass”), a B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore and Tokyo, today announced a share consolidation of the Company’s issued and outstanding Class A ordinary shares and Class B ordinary shares at a ratio of 1 for 50 shares (the “Reverse Split”), which will take effect at th…
Read attachment ↗