NaaS Technology (NAAS) Equity Average (2017 - 2025)
NaaS Technology (NAAS) posted quarterly Equity Average of -$107.4 million for Q4 2025, down 57.65% YoY from -$253.7 million in Q4 2024, and down 10.76% sequentially from -$97.0 million in Q2 2025.
NaaS Technology (NAAS) Equity Average (2017 - 2025) Analysis & Trends
NaaS Technology has disclosed Equity Average across 8 years of filings, most recently posting -$107.4 million for Q4 2025.
- In Q4 2025, Equity Average fell 57.65% year-over-year to -$107.4 million; the TTM figure through Dec 2025 stood at -$107.4 million (down 57.65% YoY), while the FY2025 annual figure was -$115.5 million, down 193.24% from the prior year.
- Equity Average fell to -$107.4 million in Q4 2025, from -$97.0 million in the prior quarter.
- Over the last five years, Equity Average for NAAS reached as high as $69.7 million in Q2 2021 and fell as low as -$107.4 million in Q4 2025.
- The 4-year median for Equity Average is $22.1 million (2023), against an average of -$1.9 million.
- Annual changes were most pronounced in 2021 — Equity Average advanced 2.14% — and 2024, when it slumped 886.91%.
- A 4-year view of Equity Average shows it stood at $35.6 million in 2021, then tumbled by 75.68% to $8.7 million in 2023, then tumbled by 886.91% to -$68.1 million in 2024, then slumped by 57.65% to -$107.4 million in 2025.
- According to Business Quant data, Equity Average over the past three periods registered -$107.4 million, -$97.0 million, and -$68.1 million for Q4 2025, Q2 2025, and Q4 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | NaaS Technology | 29.20 Bn | 29.20 Bn | - | -107.43 Mn |
| 2 | Caseys General Stores | 28.94 Bn | 28.48 Bn | 1.08 Bn | 3.90 Bn |
| 3 | Williams Sonoma | 27.71 Bn | 26.69 Bn | 1.10 Bn | 2.08 Bn |
| 4 | Dick'S Sporting Goods | 19.10 Bn | 17.75 Bn | 1.77 Bn | 5.53 Bn |
| 5 | Tractor Supply | 16.98 Bn | 16.76 Bn | 1.30 Bn | 2.55 Bn |
| 6 | Best Buy | 16.25 Bn | 14.50 Bn | 2.10 Bn | 3.02 Bn |
| 7 | Murphy USA | 10.35 Bn | 10.23 Bn | 3.98 Bn | 641.10 Mn |
| 8 | Five Below | 10.07 Bn | 9.13 Bn | 696.98 Mn | 2.07 Bn |
| 9 | Winmark | 8.93 Bn | 8.93 Bn | 20.23 Mn | -49.95 Mn |
| 10 | Academy Sports & Outdoors | 3.04 Bn | 2.71 Bn | 479.35 Mn | 2.15 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -107.43 Mn |
| Jun 30, 2025 | -96.99 Mn |
| Dec 31, 2024 | -68.14 Mn |
| Jun 30, 2024 | -27.89 Mn |
| Mar 31, 2024 | -14.23 Mn |
| Dec 31, 2023 | 8.66 Mn |
| Sep 30, 2023 | 37.13 Mn |
| Jun 30, 2023 | 49.14 Mn |
| Mar 31, 2023 | 54.56 Mn |
| Dec 31, 2021 | 35.61 Mn |
| Jun 30, 2021 | 69.68 Mn |
| Mar 31, 2021 | 37.47 Mn |
| Dec 31, 2020 | 36.89 Mn |
| Sep 30, 2020 | 67.80 Mn |
| Jun 30, 2020 | 68.22 Mn |
| Mar 31, 2020 | 37.92 Mn |
| Dec 31, 2019 | 41.06 Mn |
| Sep 30, 2019 | 75.75 Mn |
| Jun 30, 2019 | 71.45 Mn |
| Mar 31, 2019 | 66.92 Mn |