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NaaS Technology Inc. (NAAS)
NASDAQ: NAAS · Real-Time Price · USD
3.270
+0.170 (5.48%)
Sep 9, 2026, 1:17 PM EDT - Market open

NaaS Technology Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
104125.14200.98233.3692.8133.45
Revenue Growth
-16.89%-37.73%-13.88%151.43%177.45%442.80%
Gross Profit
87.52107.5288.5463.196.173.87
Operating Income
-96.33-184.24-506.11-981.39-4,351-254.05
Net Income
-488.92-438.96-913.48-1,307-5,637-260.46
Earnings Per Share
-66.82-144.30-1127.79-1850.69-9357.85-512.00
EPS Growth
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Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
77.2382.45135.79534.3513.358.49
Total Debt
573.5585.31841.21,063519.3419.63
Net Cash (Debt)
-496.26-502.87-705.41-528.87-5.98-11.14
Net Cash Growth
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Net Cash Per Share
-67.83-165.31-858.05-748.92-9.93-21.64

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-0.53-179.14-567.6-586.12-219.11
Capital Expenditures
----6.33-17.13-0.61
Free Cash Flow
-0.53-179.14-573.93-603.25-219.72
Free Cash Flow Growth
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Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
84.15%85.92%44.06%27.08%6.64%11.56%
Operating Margin
-92.63%-147.22%-251.83%-420.54%-4688.02%-759.41%
Pretax Margin
-475.83%-339.71%-461.34%-553.10%-6063.21%-762.69%
Profit Margin
-470.12%-350.77%-454.52%-560.03%-6073.83%-778.59%
FCF Margin
-0.43%-89.13%-245.94%-649.96%-656.80%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
P/FCF Ratio
960.43468.93----
PS Ratio
4.971.990.9611.3061.91-