NetClass Technology (NTCL) Invested Capital (2023 - 2026)
NetClass Technology's (NTCL) quarterly Invested Capital came in at -$2.8 million in Q1 2026, down 139.32% on a YoY basis from $7.1 million in Q1 2025, and down 134.81% quarter-over-quarter from $8.0 million in Q3 2025.
Analysis
NetClass Technology (NTCL) Invested Capital (2023 - 2026) Analysis & Trends
NetClass Technology (NTCL) has reported Invested Capital for 4 consecutive years, with -$2.8 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital fell 139.32% year-over-year to -$2.8 million; the trailing twelve-month figure through Mar 2026 stood at -$2.8 million (down 139.32% YoY), and the FY2025 full-year result was $8.0 million, up 142.83% from the prior year.
- Invested Capital retreated to -$2.8 million in Q1 2026 per NTCL's latest filing, from $8.0 million in the prior quarter.
- Across five years, Invested Capital topped out at $8.0 million in Q3 2025 and bottomed at -$2.8 million in Q1 2026.
- Historically, Invested Capital has averaged $4.0 million across 4 years, with a median of $4.6 million in 2023.
- The sharpest annual moves came in 2025 and 2026: Invested Capital jumped 142.83% in 2025, then slumped 139.32% in 2026.
- Over 4 years, Invested Capital stood at $4.6 million in 2023, then slipped by 28.82% to $3.3 million in 2024, then surged by 142.83% to $8.0 million in 2025, then slumped by 134.81% to -$2.8 million in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered -$2.8 million, $8.0 million, and $7.1 million for Q1 2026, Q3 2025, and Q1 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | - |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | -23.45 Mn |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | - |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 87.64 Mn |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | -30.48 Mn |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | 138.80 Mn |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | 45.52 Mn |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 152.46 Mn |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 502.75 Mn |
| 10 | NetClass Technology | 669,307.99 | -912,689.01 | - | -2.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -2.78 Mn |
| Sep 30, 2025 | 7.99 Mn |
| Mar 31, 2025 | 7.07 Mn |
| Sep 30, 2024 | 3.29 Mn |
| Sep 30, 2023 | 4.62 Mn |