NaaS Technology Inc. (NAAS) Stock Analysis

Company Overview

The market values NaaS Technology Inc. (NAAS) at $51.64M. The company sits in the Consumer Cyclical sector, in the Specialty Retail industry. The company reports 181 employees.

The most recent close on file for NAAS is $3.03, dated September 4, 2026. That is −$0.11 (−3.57%) against the previous close. Over the past 52 weeks the price has ranged from $1.80 to $4.55. The latest close sits 68.22% above that 52-week low.

Financial Health

In fiscal 2025, NaaS Technology Inc. reported revenue of $125.14M. That is −37.73% against the prior fiscal year, when revenue was $200.98M. The same year closed with a net loss of $438.96M. Profit margin runs at 0%. That is 2.8 percentage points below the Specialty Retail median of 2.77%. Earnings per share on a trailing basis come to −26.05.

Across the 4 fiscal years on file, revenue moves from $92.81M in 2022 to $125.14M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. The forward P/E on file is 302.8. Measured against sales, the shares trade at 0.5 times revenue. On price-to-sales that is 11.89% below the Specialty Retail median of 0.56. The medians here are taken across 54 Specialty Retail companies that report the metric.

Over the trailing twelve months the price has returned −2.32%. Measured over 5 years, that is −70.60% a year compounded. The reported beta is 1.54. Daily returns over the trailing 8 years annualize to a volatility of 121.01%.

Growth & Income

The record shows no dividend for NAAS.

Across the complete calendar years on file, 2022 returned +57.17% and 2024 returned −93.42%. Of the 8 complete calendar years on file, 1 finished higher. So far in 2026 the price is −10.41%.