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

MicroAlgo Inc. is the larger business by last-quarter revenue ($26.3M vs $25.9M, roughly 1.0× NaaS Technology Inc.). On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs -35.5%).

MicroAlgo Inc. is a technology enterprise specializing in custom algorithm optimization solutions. It mainly serves clients across smart city management, industrial internet, and e-commerce sectors, helping enterprises improve operational efficiency, reduce operating costs, and optimize data processing performance for real business scenarios.

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.

MLGO vs NAAS — Head-to-Head

Bigger by revenue
MLGO
MLGO
1.0× larger
MLGO
$26.3M
$25.9M
NAAS
Growing faster (revenue YoY)
NAAS
NAAS
+156.7% gap
NAAS
121.2%
-35.5%
MLGO

Income Statement — Q2 FY2025 vs Q2 FY2024

Metric
MLGO
MLGO
NAAS
NAAS
Revenue
$26.3M
$25.9M
Net Profit
$-50.0M
Gross Margin
29.2%
Operating Margin
-144.2%
Net Margin
-193.3%
Revenue YoY
-35.5%
121.2%
Net Profit YoY
18.4%
EPS (diluted)
$-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
MLGO
MLGO
NAAS
NAAS
Q2 25
$26.3M
Q4 24
$34.6M
Q2 24
$40.8M
$25.9M
Q2 23
$20.2M
Q1 23
$17.8M
Q2 22
$28.2M
Q1 22
$23.4M
Net Profit
MLGO
MLGO
NAAS
NAAS
Q2 25
Q4 24
$4.2M
Q2 24
$-50.0M
Q2 23
$-4.8M
Q1 23
$-1.3M
Q2 22
$-23.6K
Q1 22
$888.4K
Gross Margin
MLGO
MLGO
NAAS
NAAS
Q2 25
Q4 24
26.4%
Q2 24
29.2%
Q2 23
33.0%
Q1 23
27.8%
Q2 22
-0.1%
Q1 22
23.1%
Operating Margin
MLGO
MLGO
NAAS
NAAS
Q2 25
Q4 24
7.0%
Q2 24
-144.2%
Q2 23
-7.7%
Q1 23
-7.9%
Q2 22
-0.1%
Q1 22
5.0%
Net Margin
MLGO
MLGO
NAAS
NAAS
Q2 25
Q4 24
12.1%
Q2 24
-193.3%
Q2 23
-23.7%
Q1 23
-7.1%
Q2 22
-0.1%
Q1 22
3.8%
EPS (diluted)
MLGO
MLGO
NAAS
NAAS
Q2 25
Q4 24
$0.56
Q2 24
$-0.02
Q2 23
Q1 23
Q2 22
Q1 22

Balance Sheet & Financial Strength

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

Metric
MLGO
MLGO
NAAS
NAAS
Cash + ST InvestmentsLiquidity on hand
$319.4M
$24.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$317.6M
$-33.4M
Total Assets
$330.8M
$180.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLGO
MLGO
NAAS
NAAS
Q2 25
$319.4M
Q4 24
$164.9M
Q2 24
$66.7M
$24.7M
Q2 23
$19.2M
Q1 23
$21.0M
Q2 22
$10.9K
Q1 22
$28.7K
Stockholders' Equity
MLGO
MLGO
NAAS
NAAS
Q2 25
$317.6M
Q4 24
$144.9M
Q2 24
$76.0M
$-33.4M
Q2 23
$60.4M
Q1 23
$66.7M
Q2 22
$-3.0M
Q1 22
$-2.5M
Total Assets
MLGO
MLGO
NAAS
NAAS
Q2 25
$330.8M
Q4 24
$176.3M
Q2 24
$107.6M
$180.2M
Q2 23
$71.8M
Q1 23
$75.6M
Q2 22
$47.3M
Q1 22
$46.8M

Cash Flow & Capital Efficiency

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

Metric
MLGO
MLGO
NAAS
NAAS
Operating Cash FlowLast quarter
$-25.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLGO
MLGO
NAAS
NAAS
Q2 25
Q4 24
$4.8M
Q2 24
$-25.7M
Q2 23
$-3.8M
Q1 23
$-2.8M
Q2 22
$-747.8K
Q1 22
$456.6K
Free Cash Flow
MLGO
MLGO
NAAS
NAAS
Q2 25
Q4 24
$4.8M
Q2 24
Q2 23
Q1 23
$-2.8M
Q2 22
Q1 22
$270.9K
FCF Margin
MLGO
MLGO
NAAS
NAAS
Q2 25
Q4 24
13.8%
Q2 24
Q2 23
Q1 23
-15.8%
Q2 22
Q1 22
1.2%
Capex Intensity
MLGO
MLGO
NAAS
NAAS
Q2 25
Q4 24
0.0%
Q2 24
0.0%
Q2 23
Q1 23
0.3%
Q2 22
Q1 22
0.8%
Cash Conversion
MLGO
MLGO
NAAS
NAAS
Q2 25
Q4 24
1.15×
Q2 24
Q2 23
Q1 23
Q2 22
Q1 22
0.51×

Financial Flow Comparison

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

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