Netclass Technology Inc is classed by the SEC under Services-Prepackaged Software (industry code 7372), based in Singapore. In its latest annual figures on file, for the fiscal year ended 2025-09-30, it reported revenue of $10 million and a loss of $11 million (its filed statements).
Subscription businessServices-Prepackaged SoftwareSingaporefilings since 20227 of 9 filed, 2 estimated
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a subscription business: prior from its industry code (SEC 7372, Services-Prepackaged Software); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 3.1 out of ten, 7 of 9 metrics filed and 2 estimated: past 3.1 out of ten, present 2.6 out of ten, future 3.6 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 3.3 out of ten. 1 warning event since 2022; the latest 2025-01-31. 33rd percentile among 230 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 3.1 out of ten. +1.9% a year over 4 filed years; profitable in 2 of 4. 31st percentile among 213 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 3.0 out of ten. CrossAssetData estimate 3.0/10, confidence 35 of 100 (one part). 30th percentile among 216 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Financial health (present): 2.1 out of ten. ROE -181%: lost 181¢ per shareholder dollar. Leverage 57%: owes 57¢ per asset dollar. 22nd percentile among 217 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 1.6 out of ten. bottom 16% of 218 in its family; net margin -110.4%. 16th percentile among 218 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Leadership (present): 4.8 out of ten. CrossAssetData estimate 4.8/10, confidence 20 of 100 (family median). 50th percentile among 156 sector filers. A CrossAssetData estimate, not a filed reading: family median, confidence 20 of 100; its next annual report on file with the inputs replaces this estimate with the filed reading.
Room to expand (future): 2.7 out of ten. bottom 27% of 216 in its family for room to expand. 27th percentile among 216 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Growth drivers (future): 5.8 out of ten. top 42% of 213 in its family for growth drivers. 58th percentile among 213 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 1.1 out of ten. bottom 11% of 194 in its family for expectations against reality. 11th percentile among 194 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 20-F filed 2026-02-02 for the period ended 2025-09-30 (on EDGAR). Newest filing: Form 6-K, 2026-10-09. Filings on record since 2022. Read from EDGAR 2026-10-12.
Where the revenue comes from
Product and service lines in fiscal 2025: Application Development Services 81%, Subscription Service 18%, Artificial Intelligence Power Support Services 2%. By geography: China 49%, Hong Kong 34%, Cayman Islands 7%, Japan 5%, Singapore 4%. As tagged in its annual report (Form 20-F, filed 2026-02-02).
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