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

New Gold Inc. is the larger business by last-quarter revenue ($44.1M vs $25.9M, roughly 1.7× NaaS Technology Inc.).

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.

JB Hi-Fi Limited is an Australian consumer electronics retail company. It is publicly listed on the Australian Securities Exchange. Its headquarters are located in Southbank, Melbourne, Victoria.

NAAS vs NGD — Head-to-Head

Bigger by revenue
NGD
NGD
1.7× larger
NGD
$44.1M
$25.9M
NAAS

Income Statement — Q2 FY2024 vs Q3 FY2025

Metric
NAAS
NAAS
NGD
NGD
Revenue
$25.9M
$44.1M
Net Profit
$-50.0M
Gross Margin
29.2%
Operating Margin
-144.2%
Net Margin
-193.3%
Revenue YoY
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.

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAAS
NAAS
NGD
NGD
Q3 25
Q2 24
$24.7M
Stockholders' Equity
NAAS
NAAS
NGD
NGD
Q3 25
Q2 24
$-33.4M
Total Assets
NAAS
NAAS
NGD
NGD
Q3 25
Q2 24
$180.2M

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
NGD
NGD
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
NAAS
NAAS
NGD
NGD
Q3 25
Q2 24
$-25.7M

Financial Flow Comparison

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

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