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Side-by-side financial comparison of NaaS Technology Inc. (NAAS) and OFF THE HOOK YS INC. (OTH). Click either name above to swap in a different company.

NaaS Technology Inc. is the larger business by last-quarter revenue ($25.9M vs $24.0M, roughly 1.1× OFF THE HOOK YS INC.). OFF THE HOOK YS INC. runs the higher net margin — -0.3% vs -193.3%, a 193.0% gap on every dollar of revenue.

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.

NAAS vs OTH — Head-to-Head

Bigger by revenue
NAAS
NAAS
1.1× larger
NAAS
$25.9M
$24.0M
OTH
Higher net margin
OTH
OTH
193.0% more per $
OTH
-0.3%
-193.3%
NAAS

Income Statement — Q2 FY2024 vs Q3 FY2025

Metric
NAAS
NAAS
OTH
OTH
Revenue
$25.9M
$24.0M
Net Profit
$-50.0M
$-66.7K
Gross Margin
29.2%
12.6%
Operating Margin
-144.2%
1.3%
Net Margin
-193.3%
-0.3%
Revenue YoY
121.2%
Net Profit YoY
18.4%
EPS (diluted)
$-0.02
$-0.00

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
OTH
OTH
Cash + ST InvestmentsLiquidity on hand
$24.7M
$2.3M
Total DebtLower is stronger
$287.2K
Stockholders' EquityBook value
$-33.4M
$-610.5K
Total Assets
$180.2M
$32.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAAS
NAAS
OTH
OTH
Q3 25
$2.3M
Q2 24
$24.7M
Total Debt
NAAS
NAAS
OTH
OTH
Q3 25
$287.2K
Q2 24
Stockholders' Equity
NAAS
NAAS
OTH
OTH
Q3 25
$-610.5K
Q2 24
$-33.4M
Total Assets
NAAS
NAAS
OTH
OTH
Q3 25
$32.6M
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
OTH
OTH
Operating Cash FlowLast quarter
$-25.7M
$-664.2K
Free Cash FlowOCF − Capex
$-867.2K
FCF MarginFCF / Revenue
-3.6%
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
NAAS
NAAS
OTH
OTH
Q3 25
$-664.2K
Q2 24
$-25.7M
Free Cash Flow
NAAS
NAAS
OTH
OTH
Q3 25
$-867.2K
Q2 24
FCF Margin
NAAS
NAAS
OTH
OTH
Q3 25
-3.6%
Q2 24
Capex Intensity
NAAS
NAAS
OTH
OTH
Q3 25
0.8%
Q2 24

Financial Flow Comparison

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

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