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Side-by-side financial comparison of NaaS Technology Inc. (NAAS) and NewAmsterdam Pharma Co N.V. (NAMS). Click either name above to swap in a different company.

NaaS Technology Inc. is the larger business by last-quarter revenue ($25.9M vs $19.1M, roughly 1.4× NewAmsterdam Pharma Co N.V.). NewAmsterdam Pharma Co N.V. runs the higher net margin — -90.7% vs -193.3%, a 102.6% gap on every dollar of revenue. On growth, NewAmsterdam Pharma Co N.V. posted the faster year-over-year revenue change (740.1% vs 121.2%).

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.

Kite Pharma, Inc. is an American biotechnology company that develops cancer immunotherapy products with a primary focus on genetically engineered autologous CAR T cell therapy - a cell-based therapy which relies on chimeric antigen receptors and T cells. Founded in 2009, and based in Santa Monica, California, it was acquired by Gilead Sciences in 2017.

NAAS vs NAMS — Head-to-Head

Bigger by revenue
NAAS
NAAS
1.4× larger
NAAS
$25.9M
$19.1M
NAMS
Growing faster (revenue YoY)
NAMS
NAMS
+618.8% gap
NAMS
740.1%
121.2%
NAAS
Higher net margin
NAMS
NAMS
102.6% more per $
NAMS
-90.7%
-193.3%
NAAS

Income Statement — Q2 FY2024 vs Q2 FY2025

Metric
NAAS
NAAS
NAMS
NAMS
Revenue
$25.9M
$19.1M
Net Profit
$-50.0M
$-17.4M
Gross Margin
29.2%
Operating Margin
-144.2%
-186.1%
Net Margin
-193.3%
-90.7%
Revenue YoY
121.2%
740.1%
Net Profit YoY
18.4%
55.5%
EPS (diluted)
$-0.02
$-0.15

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
NAAS
NAAS
NAMS
NAMS
Q2 25
$19.1M
Q4 24
$12.8M
Q3 24
$29.1M
Q2 24
$25.9M
Q2 23
$8.6M
Net Profit
NAAS
NAAS
NAMS
NAMS
Q2 25
$-17.4M
Q4 24
$-92.2M
Q3 24
$-16.6M
Q2 24
$-50.0M
Q2 23
$-42.0M
Gross Margin
NAAS
NAAS
NAMS
NAMS
Q2 25
Q4 24
Q3 24
Q2 24
29.2%
Q2 23
Operating Margin
NAAS
NAAS
NAMS
NAMS
Q2 25
-186.1%
Q4 24
-338.5%
Q3 24
-85.9%
Q2 24
-144.2%
Q2 23
-461.8%
Net Margin
NAAS
NAAS
NAMS
NAMS
Q2 25
-90.7%
Q4 24
-721.7%
Q3 24
-57.2%
Q2 24
-193.3%
Q2 23
-486.9%
EPS (diluted)
NAAS
NAAS
NAMS
NAMS
Q2 25
$-0.15
Q4 24
$-0.91
Q3 24
$-0.18
Q2 24
$-0.02
Q2 23
$-0.51

Balance Sheet & Financial Strength

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

Metric
NAAS
NAAS
NAMS
NAMS
Cash + ST InvestmentsLiquidity on hand
$24.7M
$739.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-33.4M
$778.5M
Total Assets
$180.2M
$815.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAAS
NAAS
NAMS
NAMS
Q2 25
$739.2M
Q4 24
$834.2M
Q3 24
$422.7M
Q2 24
$24.7M
Q2 23
Stockholders' Equity
NAAS
NAAS
NAMS
NAMS
Q2 25
$778.5M
Q4 24
$757.5M
Q3 24
$378.9M
Q2 24
$-33.4M
Q2 23
$398.4M
Total Assets
NAAS
NAAS
NAMS
NAMS
Q2 25
$815.1M
Q4 24
$864.6M
Q3 24
$439.2M
Q2 24
$180.2M
Q2 23

Cash Flow & Capital Efficiency

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

Metric
NAAS
NAAS
NAMS
NAMS
Operating Cash FlowLast quarter
$-25.7M
$-37.7M
Free Cash FlowOCF − Capex
$-37.8M
FCF MarginFCF / Revenue
-197.2%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-119.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAAS
NAAS
NAMS
NAMS
Q2 25
$-37.7M
Q4 24
$-37.5M
Q3 24
$-12.5M
Q2 24
$-25.7M
Q2 23
$-31.9M
Free Cash Flow
NAAS
NAAS
NAMS
NAMS
Q2 25
$-37.8M
Q4 24
$-37.5M
Q3 24
$-12.6M
Q2 24
Q2 23
$-31.9M
FCF Margin
NAAS
NAAS
NAMS
NAMS
Q2 25
-197.2%
Q4 24
-293.5%
Q3 24
-43.2%
Q2 24
Q2 23
-369.3%
Capex Intensity
NAAS
NAAS
NAMS
NAMS
Q2 25
0.5%
Q4 24
0.0%
Q3 24
0.3%
Q2 24
Q2 23
0.1%

Financial Flow Comparison

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

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