NaaS Technology Inc. NAAS
Annual
Quarterly
FY2024 · ended Dec 31, 2024 · Revenue $27.53M, -38.9% YoY · Filed Jul 9, 2025
NaaS Technology Inc. (NAAS) files with the SEC under industry code 5990, Retail-Retail Stores, NEC. In fiscal 2024, which ended Dec 31, 2024, it reported revenue of $27.5 million and a net loss of $125.3 million. As of Dec 31, 2024 it held $17.3 million in cash and investments and $624,000 in total debt.
Revenue
$27.53M
-38.9% vs prior year
Net income
$-125.28M
+32.0% vs prior year
Operating cash flow
$-24.54M
+69.2% vs prior year
Free cash flow
$-86.68M
-146.3% vs prior year
EPS
$-0.05
+37.5% vs prior year
Dividend per share
None
Shares outstanding
113.03M
+0.1% vs prior year
Net cash
$16.72M
FY 2024
Operating margin
-401.5%
FY 2024
Company profile
- Industry
- Retail-Retail Stores, NEC (SIC 5990)
- Listed as
- NAAS (Nasdaq)
- Incorporated in
- Cayman Islands
- Headquarters
- Chaoyang District, Beijing
- SEC filer status
- Non-accelerated filer
- SEC CIK
- 1712178
- Former names
- RISE Education Cayman Ltd (until Jun 10, 2022)
Other Retail-Retail Stores, NEC companies
- JD.com, Inc. JD
- Ulta Beauty, Inc. ULTA
- Bath & Body Works, Inc. BBWI
- Sally Beauty Holdings, Inc. SBH
- ATRenew Inc. RERE
- Petco Health & Wellness Company, Inc. WOOF
- Titan Machinery Inc. TITN
- Star Group, L.P. SGU
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
FY 2020 Dec 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $27.5M | $45.1M | $13.5M | — | $146.9M |
| Operating income | -$110.6M | -$150.2M | -$356.7M | — | — |
| Net income | -$125.3M | -$184.1M | -$817.3M | -$40.5M | -$21.7M |
| Diluted EPS | -$0.05 | -$0.08 | -$0.42 | — | — |
| Operating cash flow | -$24.5M | -$79.6M | -$84.2M | -$84.7M | -$31.5M |
| Free cash flow | — | — | -$86.7M | — | -$35.2M |
| Total assets | $89.1M | $206.4M | $160.3M | $4.8M | $371.9M |
| Total liabilities | $192.5M | $212.5M | $96.7M | $18.8M | $295.0M |
| Stockholders' equity | -$103.3M | -$6.1M | $63.6M | — | — |
| Cash and investments | $17.3M | $61.4M | $72.3M | $2.5M | $85.0M |
| Total debt | $624,000 | $2.0M | $2.3M | — | $163.6M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Nov 5, 2026 | Jun 30, 2026 |
| 6-K | Current report (foreign issuer) | Aug 31, 2026 | Aug 31, 2026 |
| 6-K | Current report (foreign issuer) | Aug 14, 2026 | Aug 14, 2026 |
| 6-K | Current report (foreign issuer) | Aug 5, 2026 | Aug 5, 2026 |
| 6-K | Current report (foreign issuer) | Jul 29, 2026 | Jul 29, 2026 |
| 6-K | Current report (foreign issuer) | Jul 22, 2026 | Jul 22, 2026 |
All 304 NaaS Technology Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.