NAAS
NaaS Technology Inc.
There isn't enough reported data to score NAAS yet.
RIVN
Rivian Automotive, Inc.
RIVN lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
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.
RIVN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
RIVN's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
NAAS PE Valuation
NAAS has no meaningful PE right now: it lost money over the past year.
RIVN PE Valuation
RIVN 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.
RIVN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect RIVN's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
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 has the stronger earnings trend. Trailing diluted EPS is down 162% for NAAS versus RIVN down 173%.
RIVN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.25 | +$0.83 |
| Q2 2026 | -$2.58 | +$0.62 |
| Q1 2026 | -$2.92 | +$0.77 |
| Q4 2025 | -$3.07 | +$1.62 |
| Q3 2025 | -$3.08 | +$2.52 |
| Q2 2025 | -$3.20 | +$2.76 |
| Q1 2025 | -$3.69 | +$2.08 |
| Q4 2024 | -$4.69 | +$1.05 |
RIVN is still losing money, but far less than before: $2.25 per share over the past year, against $7.40 at its worst in late 2022.
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 has the edge over RIVN on profitability, with a higher operating margin.
RIVN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +38% |
| Q2 2026 | $1.7B | +27% |
| Q1 2026 | $1.4B | +11% |
| Q4 2025 | $1.3B | -26% |
| Q3 2025 | $1.6B | +78% |
| Q2 2025 | $1.3B | +13% |
| Q1 2025 | $1.2B | +3% |
| Q4 2024 | $1.7B | +32% |
RIVN has the edge over NAAS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -41% | +22 points |
| Q2 2026 | -50% | +35 points |
| Q1 2026 | -64% | -11 points |
| Q4 2025 | -65% | -27 points |
| Q3 2025 | -63% | +71 points |
| Q2 2025 | -86% | +33 points |
| Q1 2025 | -53% | +70 points |
| Q4 2024 | -38% | +82 points |
RIVN's operating margin was −41% last quarter, up 22 points from the same quarter a year ago, near the top of its range since 2021.
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.
RIVN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.1B | -$703M |
| Q2 2026 | -$849M | -$451M |
| Q1 2026 | -$1.1B | -$549M |
| Q4 2025 | -$1.1B | -234% |
| Q3 2025 | -$421M | +$732M |
| Q2 2025 | -$398M | +$639M |
| Q1 2025 | -$526M | +$997M |
| Q4 2024 | $856M | +$2.3B |
RIVN has the edge over NAAS on cash flow, with more consistent year-over-year improvement.
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 the edge over RIVN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
RIVN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.1% | +121M shares |
| 1 year | +19% | +226M shares |
| 3 years | +52% | +494M shares |
RIVN has 1.4B diluted shares, up 19% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | $6M |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
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).
RIVN Net Leverage
RIVN's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
RIVN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 25.6 | Neutral |
RIVN's weekly RSI is 41 (neutral) and its Stochastic is 26 (neutral).
NAAS PE vs Consumer Cyclical Sector
NAAS has no meaningful PE right now: it lost money over the past year.
RIVN PE vs Consumer Cyclical Sector
RIVN 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.
RIVN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.3 | 3.9% below |
| 20 week MA | $15.1 | 15% below |
| 50 week MA | $15.9 | 19% below |
| 100 week MA | $14.7 | 13% below |
| 200 week MA | $15.1 | 15% below |
RIVN is in a downtrend: it's below all five of its weekly moving averages, and 15% 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.
RIVN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $130.0 | $96.8 | -25% |
| 2022 | $96.8 | $19.1 | -80% |
| 2023 | $19.1 | $23.5 | +23% |
| 2024 | $23.5 | $13.7 | -42% |
| 2025 | $13.7 | $20.9 | +53% |
| 2026 YTD | $20.9 | $12.8 | -39% |
RIVN has the edge over NAAS on returns for 2026, with the stronger performance.