NAAS
NaaS Technology Inc.
There isn't enough reported data to score NAAS yet.
NAAS Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Under pressure | |
| Stable | |
| Strong |
NAAS's balance sheet is currently strong, and its cash flow is stable, but its revenue and profitability are under pressure.
NAAS PE Valuation
NAAS has no meaningful PE right now: it lost money over the past year.
NAAS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect NAAS's revenue to grow, but its earnings to decline.
NAAS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2024 | -$165.87 | +$103.06 |
| Q3 2024 | -$165.87 | +$34.63 |
| Q2 2024 | -$241.36 | -$93.69 |
| Q1 2024 | -$289.63 | -$63.92 |
| Q4 2023 | -$268.93 | -$37.22 |
| Q3 2023 | -$200.50 | +$24.01 |
| Q2 2023 | -$147.67 | +$73.23 |
| Q1 2023 | -$225.71 | -$109.25 |
NAAS is still losing money, but far less than before: $165.87 per share over the past year, against $566.61 at its worst in late 2020.
NAAS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $3.4M | -32% |
| Q1 2026 | $3.4M | -32% |
| Q4 2025 | $4.4M | -35% |
| Q3 2025 | $4.4M | -34% |
| Q2 2025 | $5M | -64% |
| Q1 2025 | $5M | -65% |
| Q4 2024 | $6.8M | -30% |
| Q3 2024 | $6.7M | -55% |
NAAS's revenue has slid since its 2019 peak: $3M last quarter, down 32% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 64% | +122 points |
| Q1 2026 | 64% | +122 points |
| Q4 2025 | -387% | +675 points |
| Q3 2025 | -387% | -274 points |
| Q2 2025 | -59% | +33 points |
| Q1 2025 | -59% | +135 points |
| Q4 2024 | -1062% | -462 points |
| Q3 2024 | -113% | +133 points |
NAAS's operating margin was 64% last quarter, up 122 points from the same quarter a year ago, near the top of its range since 2019.
NAAS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
NAAS's free cash flow was $0 over the past year, against $0 the year before.
NAAS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -14.3K shares |
| 1 year | +7.8% | +60.2K shares |
| 3 years | +63% | +319K shares |
| 5 years | +2223% | +792K shares |
NAAS has 827,465 diluted shares, up 7.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NAAS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2021 | 0.2x | Very low |
| Q2 2021 | 4.5x | High |
| Q1 2021 | 19.7x | High |
| Q1 2020 | 3.0x | Elevated |
| Q4 2019 | 0.5x | Very low |
| Q3 2019 | 1.1x | Healthy |
NAAS's net debt is less than a year of its operating earnings (EBITDA).
NAAS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 28.9 | Oversold |
| Stochastic | 21.2 | Neutral |
NAAS's weekly RSI is 29 (oversold) and its Stochastic is 21 (neutral).
NAAS PE vs Consumer Cyclical Sector
NAAS has no meaningful PE right now: it lost money over the past year.
NAAS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.64 | 34% below |
| 20 week MA | $2.98 | 42% below |
| 50 week MA | $2.87 | 40% below |
| 100 week MA | $6.46 | 73% below |
| 200 week MA | $478.7 | 100% below |
NAAS is in a downtrend: it's below all five of its weekly moving averages, and 100% below its 200-week average.
NAAS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $6,480.0 | $4,240.0 | -35% |
| 2022 | $4,240.0 | $1,206.4 | -72% |
| 2023 | $1,206.4 | $486.4 | -60% |
| 2024 | $486.4 | $32.6 | -93% |
| 2025 | $32.6 | $3.50 | -89% |
| 2026 YTD | $3.50 | $1.73 | -51% |
NAAS has finished every year since 2021 lower, and it's down 51% so far in 2026.