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Side-by-side financial comparison of Gorilla Technology Group Inc. (GRRR) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.

Gorilla Technology Group Inc. is the larger business by last-quarter revenue ($39.3M vs $25.9M, roughly 1.5× NaaS Technology Inc.). Gorilla Technology Group Inc. runs the higher net margin — -21.6% vs -193.3%, a 171.6% gap on every dollar of revenue. On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs 90.2%).

Gorilla Technology Group Inc. is a global AI technology solutions provider specializing in intelligent video analytics, smart city platforms, and cybersecurity products. It caters to government agencies, enterprise clients, and commercial partners across Asia Pacific, North America, and Europe, delivering scalable tools to boost operational efficiency and security for diverse industry use cases.

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

GRRR vs NAAS — Head-to-Head

Bigger by revenue
GRRR
GRRR
1.5× larger
GRRR
$39.3M
$25.9M
NAAS
Growing faster (revenue YoY)
NAAS
NAAS
+31.0% gap
NAAS
121.2%
90.2%
GRRR
Higher net margin
GRRR
GRRR
171.6% more per $
GRRR
-21.6%
-193.3%
NAAS

Income Statement — Q2 FY2025 vs Q2 FY2024

Metric
GRRR
GRRR
NAAS
NAAS
Revenue
$39.3M
$25.9M
Net Profit
$-8.5M
$-50.0M
Gross Margin
34.2%
29.2%
Operating Margin
-23.1%
-144.2%
Net Margin
-21.6%
-193.3%
Revenue YoY
90.2%
121.2%
Net Profit YoY
-627.6%
18.4%
EPS (diluted)
$-0.43
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GRRR
GRRR
NAAS
NAAS
Q2 25
$39.3M
Q2 24
$20.7M
$25.9M
Q3 23
$18.5M
Net Profit
GRRR
GRRR
NAAS
NAAS
Q2 25
$-8.5M
Q2 24
$1.6M
$-50.0M
Q3 23
Gross Margin
GRRR
GRRR
NAAS
NAAS
Q2 25
34.2%
Q2 24
85.5%
29.2%
Q3 23
33.2%
Operating Margin
GRRR
GRRR
NAAS
NAAS
Q2 25
-23.1%
Q2 24
8.6%
-144.2%
Q3 23
-454.8%
Net Margin
GRRR
GRRR
NAAS
NAAS
Q2 25
-21.6%
Q2 24
7.8%
-193.3%
Q3 23
EPS (diluted)
GRRR
GRRR
NAAS
NAAS
Q2 25
$-0.43
Q2 24
$0.15
$-0.02
Q3 23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GRRR
GRRR
NAAS
NAAS
Cash + ST InvestmentsLiquidity on hand
$10.1M
$24.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$98.2M
$-33.4M
Total Assets
$162.7M
$180.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRRR
GRRR
NAAS
NAAS
Q2 25
$10.1M
Q2 24
$11.2M
$24.7M
Q3 23
$23.0M
Total Debt
GRRR
GRRR
NAAS
NAAS
Q2 25
Q2 24
$7.4M
Q3 23
$10.4M
Stockholders' Equity
GRRR
GRRR
NAAS
NAAS
Q2 25
$98.2M
Q2 24
$72.1M
$-33.4M
Q3 23
$28.5M
Total Assets
GRRR
GRRR
NAAS
NAAS
Q2 25
$162.7M
Q2 24
$133.1M
$180.2M
Q3 23
$65.3M
Debt / Equity
GRRR
GRRR
NAAS
NAAS
Q2 25
Q2 24
0.10×
Q3 23
0.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GRRR
GRRR
NAAS
NAAS
Operating Cash FlowLast quarter
$-12.5M
$-25.7M
Free Cash FlowOCF − Capex
$-12.8M
FCF MarginFCF / Revenue
-32.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRRR
GRRR
NAAS
NAAS
Q2 25
$-12.5M
Q2 24
$-11.3M
$-25.7M
Q3 23
Free Cash Flow
GRRR
GRRR
NAAS
NAAS
Q2 25
$-12.8M
Q2 24
$-11.6M
Q3 23
FCF Margin
GRRR
GRRR
NAAS
NAAS
Q2 25
-32.7%
Q2 24
-56.2%
Q3 23
Capex Intensity
GRRR
GRRR
NAAS
NAAS
Q2 25
0.8%
Q2 24
1.8%
Q3 23
Cash Conversion
GRRR
GRRR
NAAS
NAAS
Q2 25
Q2 24
-6.99×
Q3 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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