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
DateValue
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