NASDAQ · Specialty Retail · USD

NaaS Technology Inc. (NAAS) Stock Analysis

NaaS Technology Inc. (NAAS) is a Specialty Retail stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

NAAS

$2.92

−$0.06 (−2.01%)

Oct 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare NAAS with… →

NAAS Key Statistics

As of Oct 21, 2026

Trading

Open: $3.00
Previous Close: $2.98
Day's Range: 2.90–3.02
52-Week Range: 1.80–4.10
Volume: 14.79K
Beta: 1.52

Valuation

Market Cap: $71.72M
P/E Ratio: unprofitable
Forward P/E: 292.00
P/S ratio: 0.69
EPS (ttm): −25.52

Financials (FY)

Revenue (FY): $125.14M−37.73%
Net Income (FY): −$438.96M
Shares Outstanding: 24.15M
1-Year Return: −15.36%

Dividend and dates

Avg Volume: 17.91K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NAAS closed at $2.92, −15.36% over 1 year.

NaaS Technology Inc. (NAAS) has a market capitalization of $71.72M.

In fiscal 2025, NAAS reported revenue of $125.14M.

NAAS Stock Return by Calendar Year

NaaS Technology Inc. (NAAS) return since Oct 2017: what $10,000 became

1 year: $10,000 $8,464; −15.36%
5 years: $10,000 $26; −99.74%
Since Oct 2017: $10,000 $1; −99.99%

If you had invested $10,000 in NaaS Technology Inc. (NAAS) at the close on October 20, 2017, the earliest close on record here, it would have been worth $1 at the close on October 21, 2026: −99.99% in total, −63.68% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+57.17%−93.42%−13.61%

2017*201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−13.61%
2025	−89.44%
2024	−93.42%
2023	−60.93%
2022	+57.17%
2021	−91.87%
2020	−12.88%
2019	−12.19%
2018	−46.18%
2017 (partial year)	−10.96%

As of October 21, 2026.

NAAS Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$125.14M	−$438.96M	−350.8%
2024	$200.98M	−$913.48M	−454.5%
2023	$233.36M	−$1.31B	−560.0%
2022	$92.81M	−$5.64B	−6,073.8%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$125.14M	$107.52M	−$190.72M	−$438.96M	−350.8%
2024	$200.98M	$88.54M	−$527.04M	−$913.48M	−454.5%
2023	$233.36M	$63.19M	−$1.01B	−$1.31B	−560.0%
2022	$92.81M	$6.17M	−$2.45B	−$5.64B	−6,073.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

NAAS Valuation vs Specialty Retail Median

Median of 51 stocks

Metric	NAAS	Specialty Retail median	vs median
P/S ratio	0.69	0.59	17% above

Medians across 51 Specialty Retail stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values NaaS Technology Inc. (NAAS) at $71.72M. 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 $2.92, dated October 21, 2026. That is −$0.06 (−2.01%) against the previous close. Over the past 52 weeks the price has ranged from $1.80 to $4.10. The latest close sits 62.22% 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. Earnings per share on a trailing basis come to −25.52.

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 292. Measured against sales, the shares trade at 0.69 times revenue. On price-to-sales that is 17.19% above the Specialty Retail median of 0.59. The medians here are taken across 51 Specialty Retail companies that report the metric.

Over the trailing twelve months the total return is −15.36%. Measured over 5 years, that is −69.70% a year compounded. The reported beta is 1.52. Daily returns over the trailing 9 years annualize to a volatility of 115.81%.

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 total return is −13.61%.

Peer Comparison

NaaS Technology Inc. (NAAS) operates in the Specialty Retail industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
NaaS Technology Inc.	NAAS	$71.72M	—
Alimentation Couche-Tard Inc.	ATD.TO	CA$76.52B	17.5
Williams-Sonoma, Inc.	WSM	$29.84B	26.0
Ulta Beauty, Inc.	ULTA	$25.95B	22.1

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Specialty Retail industry average P/E ratio is 17.0x. NaaS Technology Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

Related Specialty Retail Stocks

ATD.TO

Alimentation Couche-Tard Inc.

CA$76.52B

WSM

Williams-Sonoma, Inc.

$29.84B

ULTA

Ulta Beauty, Inc.

$25.95B

CASY

Casey's General Stores, Inc.

$25.47B

BBY

Best Buy Co., Inc.

$19.69B

TSCO

Tractor Supply Company

$17.03B

View all Specialty Retail stocks →

Popular Consumer Cyclical Stocks

AMZN

Amazon.com, Inc.

$2.83T

TSLA

Tesla, Inc.

$1.53T

The Home Depot, Inc.

$313.41B

BABA

Alibaba Group Holding Limited

$270.19B

Toyota Motor Corporation

$229.51B

View all Consumer Cyclical stocks →

About NaaS Technology Inc.

NaaS Technology Inc. provides electric vehicle (EV) charging services in China. It offers online EV charging solutions to charging stations, including mobility connectivity services through Kuaidian; SaaS products, such as traffic support and management, marketing, payment, chargers management, order management, load management, and membership management; and operates full station. The company also provides energy solutions comprising site selection; hardware procurement; engineering, procurement, and construction for charging stations. In addition, it integrates smart photovoltaics energy storage and power charging for station upgrade, as well as offline operational and management services. Further, the company is involved in providing electricity procurement services to charging stations; cloud-based virtual power plant platform to facilitate the establishment of a modern energy system for charging stations. Additionally, it offers other amenities and ancillary services, such as vending machines, massage chairs, and car wash tunnels, as well as design and decoration, furniture, ands fixture procurement. The company is headquartered in Beijing, China.

Visit website →