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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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EEDGAR/calls
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Home›Stocks›NAAS

NAAS

NaaS Technology Inc.

Next earnings Oct 12, 2026

Avoid
$2.95
▼ -5.29%
$2.95▼ -4.12%
over 1Y
L $1.97EODHDH $4.37
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-5.3%
1W-4.7%
1M-6.2%
3M+21.7%
YTD-7.7%
1Y-4.1%
OverviewFinancialsValuationQualityFilings
Rating
Avoid
Quality
F
Valuation
Fair value
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 7 analysts
Buy

Conservative balance sheet (liabilities/equity -1.34x); but revenue fell -33.1% YoY.

Revenue (FY2020) $147M · FY2020

NaaS Technology Inc. shows $147M in FY2020 revenue (-33.1% YoY), a -26.5% net margin.

Supporting the case: conservative balance sheet (liabilities/equity -1.34x).

Financials · annual, by fiscal year

Line itemFY17FY18FY19FY20FY21
Revenue$149M$185M$220M$147M—
Gross profit$79.5M$101M$120M$54.5M—
Operating income-$96.0K$30.2M$32.0M-$21.2M-$4.71M
Net income-$7.37M$20.8M$21.3M-$20.3M-$39.0M
Diluted EPS—$0.18$0.18-$0.18-$0.34
Net margin-4.9%11.2%9.7%-13.8%—

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$97.1M
EV / EBITDA11.8
EV / Sales0.7
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-109.8%
FCF yield-248.8%

Quality & risk

ROIC (est.)—
Free cash flow-$88.4M
Total debt$64.1M
Net cash-$61.6M
Altman Z-Score10.89 safe
Piotroski F-Score2/9

Capital returns

Buyback yield19.4%
Dividend yield (est.)247.5%
Shareholder yield266.9%
Shares Δ YoY+0.1%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Recent filings

all on EDGAR ↗
6-KPeriod ending 2026-06-292026-06-29open ↗S-8Filing2026-06-05open ↗6-KPeriod ending 2026-06-052026-06-05open ↗6-KPeriod ending 2026-06-012026-06-01open ↗6-KPeriod ending 2026-05-202026-05-20open ↗SCHEDULE 13GFiling2026-05-13open ↗SCHEDULE 13GFiling2026-05-13open ↗EFFECTFiling2026-05-01open ↗6-KPeriod ending 2026-05-012026-05-01open ↗CORRESPFiling2026-04-30open ↗CORRESPFiling2026-04-24open ↗F-1/AFiling2026-04-24open ↗

Quality score

F
ValueGrowthProfitHealthMom.
ValueA+
GrowthF
ProfitabilityF
Financial healthF
MomentumD
  • ✗Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✓Liabilities below 2× equity
1.9752-week4.37
Revenue
$147M
-33.1% YoY
Net margin
-26.5%
ROE
—
P/E
—

SEC fundamentals · FY 2021

'17'18'19'20'21

■ revenue · ■ net income, by fiscal year

Revenue$147M-33.1%
Net income-$39.0M-92.1%
Gross profit$54.5M-54.6%
Operating income-$4.71M+77.8%
Diluted EPS-$0.34-88.9%
Cash & equivalents$2.52M-97.0%
Total assets$4.81M-98.7%
Total liabilities$18.8M-93.6%
Stockholders' equity-$14.0M-118.4%
Gross: 37.1%Op.: -3.2%L/E: -1.34x

Frequently asked

Is NaaS Technology Inc. (NAAS) a buy?
NAAS currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Conservative balance sheet (liabilities/equity -1.34x); but revenue fell -33.1% YoY.
What is NaaS Technology Inc.'s quality score?
NAAS scores 36.97440413987139/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001712178, latest 6-K filed 2026-06-29) · EODHD · as of 7/1/2026, 12:40:15 AM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

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Vs tracked universe

compare →

1192 tracked peers · median

EDGAR Score37 vs 67
Revenue growth-33.1% vs 7.5%
Net margin-26.5% vs 10.0%
Return on equity— vs 12.0%
P/E— vs 25.7