NetClass Technology Inc
netclasstech.comWhat Do They Do?
Develops customized software and IT solutions for educational institutions, businesses, and public agencies.
20-F for FY2025, filed Feb 2, 2026We are a B2B (Business-to-Business) smart education specialist, providing IT solutions to schools, training institutions, corporations…View ↗
Smart Campus is information systems designed for schools that includes the basic network infrastructure and the digital education resources…View ↗
The Company’s application development service contracts are primarily on a fixed-price basis with no variable consideration, which require…View ↗
How Do They Make Money?
The company charges a fixed price for customized software-development projects and related IT equipment; project revenue comes when customers accept the delivered work. It also sells software through subscriptions.
20-F for FY2025, filed Feb 2, 2026The Company’s application development service contracts are primarily on a fixed-price basis with no variable consideration, which require…View ↗
For the application development service contract, except for the financial income revenue, the Company believes the application development…View ↗
We are a B2B (Business-to-Business) smart education specialist, providing IT solutions to schools, training institutions, corporations…View ↗
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20-F for FY2025, filed Feb 2, 2026
FY2025 revenue by product or service ↗
$9.8M
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20-F for FY2025, filed Feb 2, 2026
$9.8M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Application development services
Sold outright
20-F for FY2025, filed Feb 2, 2026 |
81%
FY2022: 37%
|
Application development services, FY2025
$7.9M Sources
|
Sold outright |
|
Subscription service
Recurring
20-F for FY2025, filed Feb 2, 2026 |
18%
FY2022: 63%
|
Subscription service, FY2025
$1.8M Sources
|
Recurring |
|
AI Computing Power support services
|
1.5% |
AI Computing Power support services, FY2025
$147.7K Sources
|
Who Are Their Customers?
Serves enterprises, educational institutions such as schools and training companies, and government agencies, mainly municipal education commissions. Sales include purchase orders and service agreements with institutional customers.
20-F for FY2025, filed Feb 2, 2026We have a B2B business model and we mainly serve enterprise/institutional customers, including: enterprises (including in-house on-job…View ↗
Gallop Trading Limited mainly purchases computer storage and computing systems, including equipment as well as the system software and…View ↗
The application development service contracts including technical service agreements, software development agreements and equipment sales…View ↗
20-F for FY2025, filed Feb 2, 2026
2025 2024 2023 Percentage of the Company’s revenue Gallop Trading Limited 27.0 % 35.6 % 43.1 %…View ↗
Do Revenues Turn Into Profits?
No. It lost $10.8M in FY2025.
20-F for FY2025, filed Feb 2, 2026
−$10.9MView ↗
20-F for FY2025, filed Feb 2, 2026
−$10.8MView ↗
20-F for FY2025, filed Feb 2, 2026
−$5.7MView ↗
How Are They Changing?
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