NetClass Technology (NTCL) Total Liabilities (2023 - 2026)
NetClass Technology's (NTCL) quarterly Total Liabilities came in at $11.1 million in Q1 2026, up 140.61% on a YoY basis from $4.6 million in Q1 2025, and up 41.72% quarter-over-quarter from $7.8 million in Q3 2025.
Analysis
NetClass Technology (NTCL) Total Liabilities (2023 - 2026) Analysis & Trends
NetClass Technology (NTCL) has reported Total Liabilities for 4 consecutive years, with $11.1 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Total Liabilities rose 140.61% year-over-year to $11.1 million; the trailing twelve-month figure through Mar 2026 stood at $11.1 million (up 140.61% YoY), and the FY2025 full-year result was $7.8 million, up 87.96% from the prior year.
- Total Liabilities grew to $11.1 million in Q1 2026 per NTCL's latest filing, from $7.8 million in the prior quarter.
- Across five years, Total Liabilities topped out at $11.1 million in Q1 2026 and bottomed at $2.1 million in Q3 2023.
- Historically, Total Liabilities has averaged $6.0 million across 4 years, with a median of $4.6 million in 2025.
- The sharpest annual moves came in 2025 and 2026: Total Liabilities soared 87.96% in 2025, then jumped 140.61% in 2026.
- Over 4 years, Total Liabilities stood at $2.1 million in 2023, then surged by 98.65% to $4.2 million in 2024, then jumped by 87.96% to $7.8 million in 2025, then jumped by 41.72% to $11.1 million in 2026.
- According to Business Quant data, Total Liabilities over the past three periods registered $11.1 million, $7.8 million, and $4.6 million for Q1 2026, Q3 2025, and Q1 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | 664.21 Mn |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | 554.65 Mn |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | 780.80 Mn |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 243.02 Mn |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | 98.81 Mn |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | 53.40 Mn |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | 38.64 Mn |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 109.01 Mn |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 925.83 Mn |
| 10 | NetClass Technology | 669,307.99 | -912,689.01 | - | 11.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 11.10 Mn |
| Sep 30, 2025 | 7.83 Mn |
| Mar 31, 2025 | 4.61 Mn |
| Sep 30, 2024 | 4.17 Mn |
| Sep 30, 2023 | 2.10 Mn |