---
title: "NetClass Technology reports FY net income loss of USD 1.39 million, down nearly 10 times"
description: "NetClass Technology Inc. reported a net income loss of USD 1.39 million for the fiscal year ending September 30, 2025, a decline of nearly 10 times compared to the previous year. The company experienc"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/274504166.md"
published_at: "2026-02-02T11:07:24.000Z"
---

# NetClass Technology reports FY net income loss of USD 1.39 million, down nearly 10 times

> NetClass Technology Inc. reported a net income loss of USD 1.39 million for the fiscal year ending September 30, 2025, a decline of nearly 10 times compared to the previous year. The company experienced a significant increase in net other expenses due to higher interest costs and a decrease in revenue amid market competition. The income tax benefit for the period was USD 86,736, contrasting with an income tax expense of USD 86,311 the prior year. The company noted a decline in government subsidies and highlighted issues with revenue recognition from application development service contracts.

NetClass Technology Inc. reported its financial results for the fiscal year ended September 30, 2025. The company posted a net income (loss) that decreased by approximately USD 1.6 million, representing a decline of 956.6% compared to the previous year. The income tax benefit for the period was USD 86,736, while the previous year saw an income tax expense of USD 86,311. Net other expense increased to USD 18,821, due primarily to higher interest expenses related to a convertible note and an increase in other expenses, partially offset by gains from the acquisition of a subsidiary and fair value changes in a derivative liability. NetClass Technology Inc.’s major operating subsidiary, Shanghai NetClass Information Technology Co., Ltd., continued to benefit from a preferential income tax rate of 15%, while other PRC subsidiaries were subject to a 25% tax rate. Hong Kong subsidiaries were taxed at 8.25% for the first HKD 2 million of corporate taxable income and 16.5% for income above that threshold. The company noted a decline in government subsidy income and a decrease in revenue at certain subsidiaries amid intensifying market competition. Application development service contracts with significant financing components were highlighted as impacting the revenue recognition process, with no significant returns, refunds, or similar obligations reported for the period. Financial income from these contracts was nil for the year ended September 30, 2025. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NetClass Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-008806), on February 02, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.