NASDAQ : NTWK
NetSol Technologies, Inc. — Financial statements
Technology · Software - Application · United States
Last price 7.68 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 91.80M
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Financial statements
NetSol Technologies, Inc. (NTWK) reported revenue of 74.37M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 74.37M | 74.37M | 66.09M | 61.39M | 52.39M | 57.25M |
| Cost of Revenue | 35.22M | 35.22M | 33.51M | 32.11M | 35.48M | 33.51M |
| Gross Profit | 39.15M | 39.15M | 32.57M | 29.28M | 16.92M | 23.74M |
| Selling, General & Admin | 31.42M | 31.42M | 27.80M | 24.39M | 24.09M | 23.47M |
| Research & Development | 782.08K | 782.08K | 1.28M | 1.40M | 1.60M | 1.34M |
| Operating Expenses | 32.20M | 32.20M | 29.07M | 25.79M | 25.70M | 24.82M |
| Operating Income | 6.95M | 6.95M | 3.50M | 3.49M | -8.78M | -1.08M |
| Interest Expense | -605.62K | -605.62K | -871.36K | -1.14M | -765.03K | -369.80K |
| Interest & Investment Income | 1.07M | 1.07M | 1.87M | 1.91M | 1.22M | 1.66M |
| Earnings From Equity Investments | -1.03M | -2.02M | ||||
| Currency Exchange Gain (Loss) | -389.81K | -389.81K | 1.30M | -1.19M | 6.10M | 4.33M |
| Other Non Operating Income (Expenses) | 203.18K | 203.18K | 244.24K | 148.12K | 44.67K | -424.13K |
| EBT Excluding Unusual Items | 7.23M | 7.23M | 6.05M | 3.22M | -3.22M | 2.09M |
| Pretax Income | 7.23M | 7.23M | 6.05M | 3.22M | -3.22M | 2.09M |
| Income Tax Expense | 1.63M | 1.63M | 1.48M | 1.15M | 926.56K | 988.94K |
| Earnings From Continuing Operations | 5.60M | 5.60M | 4.57M | 2.08M | -4.14M | 1.10M |
| Minority Interest in Earnings | -2.65M | -2.65M | -1.65M | -1.39M | -1.10M | -1.95M |
| Net Income | 2.95M | 2.95M | 2.92M | 683.87K | -5.24M | -851.16K |
| Net Income to Common | 2.95M | 2.95M | 2.92M | 683.87K | -5.24M | -851.16K |
| Shares Outstanding (Basic) | 11.81M | 11.81M | 11.58M | 11.38M | 11.28M | 11.25M |
| Shares Outstanding (Diluted) | 11.83M | 11.83M | 11.58M | 11.42M | 11.28M | 11.25M |
| EPS (Basic) | 0.25 | 0.25 | 0.25 | 0.06 | -0.46 | -0.08 |
| EPS (Diluted) | 0.25 | 0.25 | 0.25 | 0.06 | -0.46 | -0.08 |
| Free Cash Flow | 11.88M | 11.88M | -935.50K | 2.39M | 370.13K | 451.42K |
| Free Cash Flow Per Share | 1.00 | 1.00 | -0.08 | 0.21 | 0.03 | 0.04 |
| Gross Margin | 52.64% | 52.64% | 49.29% | 47.70% | 32.29% | 41.46% |
| Operating Margin | 9.34% | 9.34% | 5.30% | 5.69% | -16.76% | -1.88% |
| Profit Margin | 3.97% | 3.97% | 4.42% | 1.11% | -10.01% | -1.49% |
| Free Cash Flow Margin | 15.97% | 15.97% | -1.42% | 3.90% | 0.71% | 0.79% |
| EBITDA | 8.19M | 8.19M | 4.97M | 5.22M | -5.54M | 2.73M |
| EBITDA Margin | 11.01% | 11.01% | 7.51% | 8.49% | -10.56% | 4.78% |
| D&A For EBITDA | 1.24M | 1.24M | 1.46M | 1.72M | 3.24M | 3.81M |
| EBIT | 6.95M | 6.95M | 3.50M | 3.49M | -8.78M | -1.08M |
| EBIT Margin | 9.34% | 9.34% | 5.30% | 5.69% | -16.76% | -1.88% |
| Effective Tax Rate | 22.56% | 22.56% | 24.41% | 35.54% | 47.32% | |
| Revenue as Reported | 74.37M | 74.37M | 66.09M | 61.39M | 52.39M | 57.25M |
| Advertising Expenses | 534.24K | 534.24K | 346.23K | 148.95K | 64.56K | 119.59K |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 27.12M | 27.12M | 17.36M | 19.13M | 15.53M | 23.96M |
| Cash & Short-Term Investments | 27.12M | 27.12M | 17.36M | 19.13M | 15.53M | 23.96M |
| Accounts Receivable | 26.53M | 26.53M | 25.76M | 25.73M | 24.09M | 23.24M |
| Other Receivables | 371.53K | 371.53K | 410.49K | 258.88K | 92.72K | 21.58K |
| Receivables | 26.90M | 26.90M | 26.17M | 25.99M | 24.18M | 23.26M |
| Prepaid Expenses | 1.23M | 1.23M | 1.76M | 1.31M | 1.30M | 1.39M |
| Other Current Assets | 1.61M | 1.61M | 1.03M | 1.03M | 586.46K | 812.41K |
| Total Current Assets | 56.86M | 56.86M | 46.32M | 47.46M | 41.60M | 49.43M |
| Property, Plant & Equipment | 6.51M | 6.51M | 5.88M | 6.44M | 7.31M | 10.35M |
| Long-Term Investments | 25.40K | 1.06M | ||||
| Goodwill | 9.30M | 9.30M | 9.30M | 9.30M | 9.30M | 9.30M |
| Other Intangible Assets | 2.69M | 2.69M | 127.93K | 1.59M | ||
| Long-Term Accounts Receivable | 2.47M | 2.47M | 903.77K | 954.03K | 853.60K | |
| Other Long-Term Assets | 7.24K | 7.24K | 32.33K | 32.34K | 6.93K | 25.55K |
| Total Assets | 77.84M | 77.84M | 62.44M | 64.19M | 58.38M | 72.61M |
| Accounts Payable | 1.27M | 1.27M | 981.50K | 1.43M | 1.11M | 1.18M |
| Accrued Expenses | 6.58M | 6.58M | 6.15M | 5.93M | 4.85M | 5.06M |
| Short-Term Debt | 7.96M | 7.96M | 8.20M | 6.21M | 5.59M | 7.90M |
| Current Portion of Long-Term Debt | 13.36K | 441.44K | ||||
| Current Portion of Leases | 672.86K | 672.86K | 476.76K | 670.24K | 678.45K | 773.00K |
| Current Income Taxes Payable | 575.04K | 575.04K | 600.20K | 634.03K | 195.49K | 328.75K |
| Current Unearned Revenue | 10.29M | 10.29M | 3.03M | 8.75M | 7.93M | 4.90M |
| Other Current Liabilities | 279.51K | 279.51K | 284.03K | 240.41K | 393.74K | 250.82K |
| Total Current Liabilities | 27.63M | 27.63M | 19.71M | 23.87M | 20.77M | 20.83M |
| Long-Term Debt | 12.87K | |||||
| Long-Term Leases | 641.47K | 641.47K | 467.98K | 784.52K | 828.42K | 910.62K |
| Total Liabilities | 28.27M | 28.27M | 20.18M | 24.65M | 21.60M | 21.75M |
| Common Stock | 128.25K | 128.25K | 127.01K | 123.60K | 122.85K | 121.97K |
| Additional Paid-In Capital | 130.19M | 130.19M | 129.53M | 128.78M | 128.48M | 128.22M |
| Retained Earnings | -38.34M | -38.34M | -41.29M | -44.21M | -44.90M | -39.65M |
| Treasury Stock | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M |
| Comprehensive Income & Other | -46.46M | -46.46M | -46.61M | -45.94M | -45.98M | -39.36M |
| Total Common Equity | 41.59M | 41.59M | 37.83M | 34.84M | 33.81M | 45.40M |
| Minority Interest | 7.97M | 7.97M | 4.43M | 4.69M | 2.98M | 5.45M |
| Shareholders' Equity | 49.57M | 49.57M | 42.26M | 39.53M | 36.78M | 50.85M |
| Total Liabilities & Equity | 77.84M | 77.84M | 62.44M | 64.19M | 58.38M | 72.61M |
| Total Debt | 9.28M | 9.28M | 9.14M | 7.67M | 7.11M | 10.04M |
| Net Cash (Debt) | 17.85M | 17.85M | 8.22M | 11.46M | 8.42M | 13.92M |
| Net Cash Per Share | 1.51 | 1.51 | 0.71 | 1.00 | 0.75 | 1.24 |
| Filing Date Shares Outstanding | 11.95M | 11.95M | 11.79M | 11.43M | 11.35M | 11.26M |
| Total Common Shares Outstanding | 11.89M | 11.89M | 11.76M | 11.42M | 11.35M | 11.26M |
| Working Capital | 29.23M | 29.23M | 26.61M | 23.59M | 20.83M | 28.60M |
| Book Value Per Share | 3.50 | 3.50 | 3.22 | 3.05 | 2.98 | 4.03 |
| Tangible Book Value | 29.61M | 29.61M | 28.53M | 25.54M | 24.38M | 34.51M |
| Tangible Book Value Per Share | 2.49 | 2.49 | 2.43 | 2.24 | 2.15 | 3.07 |
| Land | 914.36K | 914.36K | 894.70K | 913.47K | 885.47K | 1.24M |
| Buildings | 3.61M | 3.61M | 3.53M | 3.60M | 3.50M | 4.82M |
| Machinery | 14.99M | 14.99M | 13.55M | 12.69M | 12.94M | 16.91M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 2.95M | 2.95M | 2.92M | 683.87K | -5.24M | -851.16K |
| Depreciation & Amortization | 1.24M | 1.24M | 1.46M | 1.72M | 3.24M | 3.81M |
| Loss (Gain) From Sale of Assets | -86.30K | -86.30K | -69.36K | -101.86K | 19.72K | 205.29K |
| Asset Writedown & Restructuring Costs | 214.04K | |||||
| Loss (Gain) on Equity Investments | 2.11M | 2.02M | ||||
| Stock-Based Compensation | 758.89K | 758.89K | 208.12K | 308.57K | 317.45K | 104.35K |
| Provision & Write-off of Bad Debts | 301.04K | 301.04K | 466.96K | -29.13K | 1.70M | 23.39K |
| Other Operating Activities | 2.65M | 2.65M | 1.65M | 1.39M | 1.10M | 1.95M |
| Change in Accounts Receivable | -2.13M | -2.13M | 245.29K | -3.11M | -5.35M | -6.94M |
| Change in Accounts Payable | 756.17K | 756.17K | -197.31K | 1.61M | 709.76K | 1.12M |
| Change in Unearned Revenue | 6.48M | 6.48M | -6.26M | 645.12K | 3.52M | 931.45K |
| Change in Other Net Operating Assets | 977.01K | 977.01K | 15.26K | -216.94K | -131.11K | 469.19K |
| Operating Cash Flow | 13.88M | 13.88M | 447.27K | 2.91M | 2.01M | 3.06M |
| Capital Expenditures | -2.01M | -2.01M | -1.38M | -515.40K | -1.64M | -2.61M |
| Sale of Property, Plant & Equipment | 86.99K | 86.99K | 116.78K | 223.87K | 240.21K | 349.06K |
| Sale (Purchase) of Intangibles | -2.69M | -2.69M | ||||
| Investment in Securities | 25.40K | 25.40K | -8.88K | |||
| Investing Cash Flow | -4.58M | -4.58M | -1.27M | -291.54K | -1.40M | -2.26M |
| Short-Term Debt Issued | 1.04M | 1.04M | 2.92M | 756.94K | ||
| Long-Term Debt Issued | 270.29K | 941.84K | ||||
| Total Debt Issued | 1.04M | 1.04M | 2.92M | 756.94K | 270.29K | 941.84K |
| Long-Term Debt Repaid | -1.19M | -1.19M | -773.53K | -517.38K | -928.16K | -1.27M |
| Net Debt Issued (Repaid) | -144.16K | -144.16K | 2.15M | 239.55K | -657.87K | -328.26K |
| Issuance of Common Stock | 473.00K | |||||
| Repurchase of Common Stock | -100.11K | |||||
| Other Financing Activities | 413.24K | 413.24K | -1.80M | -61.12K | -950.35K | |
| Financing Cash Flow | 269.08K | 269.08K | 822.88K | 239.55K | -718.99K | -1.38M |
| Foreign Exchange Rate Adjustments | 193.87K | 193.87K | -1.76M | 736.51K | -8.32M | -9.16M |
| Net Cash Flow | 9.77M | 9.77M | -1.77M | 3.59M | -8.43M | -9.74M |
| Free Cash Flow | 11.88M | 11.88M | -935.50K | 2.39M | 370.13K | 451.42K |
| Free Cash Flow Margin | 15.97% | 15.97% | -1.42% | 3.90% | 0.71% | 0.79% |
| Free Cash Flow Per Share | 1.00 | 1.00 | -0.08 | 0.21 | 0.03 | 0.04 |
| Levered Free Cash Flow | 8.45M | 8.45M | -4.64M | 3.22M | -1.88M | -2.73M |
| Unlevered Free Cash Flow | 8.82M | 8.82M | -4.09M | 3.93M | -1.40M | -2.49M |
| Cash Interest Paid | 720.82K | 720.82K | 841.96K | 1.58M | 679.92K | 433.08K |
| Cash Income Tax Paid | 1.52M | 1.52M | 1.41M | 704.87K | 982.73K | 1.23M |
| Change in Working Capital | 6.08M | 6.08M | -6.19M | -1.07M | -1.24M | -4.42M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 91.80M | 54.87M | 36.42M | 28.97M | 26.67M | 35.84M |
| Enterprise Value | 73.95M | 56.56M | 30.53M | 28.42M | 21.97M | 23.02M |
| Last Close Price | 7.68 | 4.62 | 3.11 | 2.54 | 2.36 | 3.19 |
| PE Ratio | 30.75 | 18.60 | 12.46 | 42.36 | ||
| Forward PE | 17.86 | 197.50 | 197.50 | 197.50 | 197.50 | 197.50 |
| PS Ratio | 1.23 | 0.74 | 0.55 | 0.47 | 0.51 | 0.63 |
| PB Ratio | 2.19 | 1.11 | 0.86 | 0.73 | 0.72 | 0.70 |
| P/TBV Ratio | 3.10 | 1.85 | 1.28 | 1.13 | 1.09 | 1.04 |
| P/FCF Ratio | 7.73 | 4.62 | 12.10 | 72.04 | 79.39 | |
| P/OCF Ratio | 6.61 | 3.95 | 81.42 | 9.96 | 13.27 | 11.71 |
| PEG Ratio | 5.62 | 5.62 | 5.62 | 5.62 | 5.62 | |
| EV/Sales Ratio | 0.99 | 0.76 | 0.46 | 0.46 | 0.42 | 0.40 |
| EV/EBITDA Ratio | 9.03 | 6.91 | 6.15 | 5.45 | 8.42 | |
| EV/EBIT Ratio | 10.65 | 8.14 | 8.72 | 8.14 | ||
| EV/FCF Ratio | 6.23 | 4.76 | 11.87 | 59.35 | 50.99 | |
| Debt / Equity Ratio | 0.19 | 0.19 | 0.22 | 0.19 | 0.19 | 0.20 |
| Debt / EBITDA Ratio | 1.02 | 1.02 | 1.65 | 1.30 | 2.78 | |
| Debt / FCF Ratio | 0.78 | 0.78 | 3.20 | 19.22 | 22.24 | |
| Net Debt / Equity Ratio | -0.36 | -0.36 | -0.19 | -0.29 | -0.23 | -0.27 |
| Net Debt / EBITDA Ratio | -2.18 | -2.18 | -1.66 | -2.20 | 1.52 | -5.09 |
| Net Debt / FCF Ratio | -1.50 | -1.50 | 8.78 | -4.79 | -22.75 | -30.85 |
| Asset Turnover | 1.06 | 1.06 | 1.04 | 1.00 | 0.80 | 0.72 |
| Quick Ratio | 1.96 | 1.96 | 2.21 | 1.89 | 1.91 | 2.27 |
| Current Ratio | 2.06 | 2.06 | 2.35 | 1.99 | 2.00 | 2.37 |
| Return on Equity (ROE) | 12.19% | 12.19% | 11.18% | 5.45% | -9.46% | 1.95% |
| Return on Assets (ROA) | 6.19% | 6.19% | 3.46% | 3.56% | -8.38% | -0.85% |
| Return on Invested Capital (ROIC) | 15.24% | 16.36% | 8.52% | 7.98% | -26.90% | -1.45% |
| Return on Capital Employed (ROCE) | 13.80% | 13.80% | 8.20% | 8.70% | -23.30% | -2.10% |
| Earnings Yield | 3.25% | 5.38% | 8.03% | 2.36% | -19.66% | -2.38% |
| FCF Yield | 12.94% | 21.65% | -2.57% | 8.26% | 1.39% | 1.26% |
| Buyback Yield / Dilution | -2.17% | -2.17% | -1.35% | -1.26% | -0.26% | 2.17% |