NaaS Technology Inc. (NAAS)
NASDAQ: NAAS · Real-Time Price · USD
3.120
-0.090 (-2.80%)
Jul 30, 2026, 1:08 PM EDT - Market open

NaaS Technology Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
125.14125.14200.98233.3692.8133.45
Revenue Growth
-37.73%-37.73%-13.88%151.43%177.45%442.80%
Gross Profit
107.52107.5288.5463.196.173.87
Operating Income
-265.79-265.79-807.03-1,055-2,460-254.05
Net Income
-438.96-438.96-913.48-1,307-5,637-260.46
Earnings Per Share
-160.00-160.00-1120.00-1856.00-9344.00-512.00
EPS Growth
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Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
82.4582.45135.79534.3513.358.49
Total Debt
585.31585.31828.61,042519.3419.63
Net Cash (Debt)
-502.87-502.87-692.81-507.24-5.98-11.14
Net Cash Growth
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Net Cash Per Share
-165.31-165.31-842.72-718.30-9.93-21.64

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
0.530.53-179.14-567.6-586.12-219.11
Capital Expenditures
----6.33-17.13-0.61
Free Cash Flow
0.530.53-179.14-573.93-603.25-219.72
Free Cash Flow Growth
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Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
85.92%85.92%44.06%27.08%6.64%11.56%
Operating Margin
-212.40%-212.40%-401.55%-452.17%-2650.98%-759.41%
Pretax Margin
-339.71%-339.71%-461.34%-553.10%-6063.21%-762.69%
Profit Margin
-339.71%-339.71%-451.81%-554.51%-6073.83%-778.59%
FCF Margin
0.43%0.43%-89.13%-245.94%-649.96%-656.80%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
P/FCF Ratio
672.45469.19----
PS Ratio
2.961.991.0036224.00203261.0026.56