Go Pro
→ Your book is inside (From Profits Run) (Ad)tc pixel Free NTWK Stock Alerts

NetSol Technologies (NTWK) Financials

NetSol Technologies logo
$4.42 -0.03 (-0.67%)
Closing price 07/17/2026 04:00 PM Eastern
Extended Trading
$4.42 0.00 (-0.09%)
As of 07/17/2026 05:49 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for NetSol Technologies

Annual Income Statements for NetSol Technologies

This table shows NetSol Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 -5.55 3.40 -4.98 4.31 8.58 0.94 1.78 -0.85 -5.24 0.68 2.92
Consolidated Net Income / (Loss)		 -5.25 5.06 -1.74 7.15 12 1.19 2.26 1.10 -4.14 2.08 4.57
Net Income / (Loss) Continuing Operations		 -5.25 5.06 -1.74 7.15 12 3.53 2.26 1.10 -4.14 2.08 4.57
Total Pre-Tax Income 		-4.84 5.71 -0.80 8.02 13 2.33 3.29 2.09 -3.22 3.22 6.05
Total Operating Income		 -5.17 6.30 -1.00 3.05 6.83 1.07 2.72 -1.08 -8.78 3.49 3.50
Total Gross Profit		 17 31 28 29 35 54 26 24 17 29 33
Total Revenue		 51 65 65 61 68 113 55 57 52 61 66
Operating Revenue		 51 65 65 61 68 113 55 57 52 61 66
Total Cost of Revenue		 34 34 37 32 33 59 29 34 35 32 34
Total Operating Expenses		 23 24 29 26 28 52 24 25 26 26 29
Selling, General & Admin Expense		 14 15 17 16 17 43 15 - - 24 28
Research & Development Expense		 0.31 0.49 0.39 0.85 1.97 1.47 0.67 1.34 1.60 1.40 1.28
Total Other Income / (Expense), net		 0.33 -0.59 0.20 4.97 6.25 2.50 0.57 3.17 5.56 -0.27 2.55
Interest Expense		 0.17 0.26 0.31 0.42 0.31 0.35 0.39 0.37 0.77 1.14 0.87
Interest & Investment Income		 -0.12 -0.58 0.49 5.60 0.96 1.57 0.76 -0.37 6.93 1.91 1.87
Other Income / (Expense), net		 0.62 0.25 0.02 -0.21 5.60 1.28 0.20 3.90 -0.61 -1.04 1.55
Income Tax Expense		 0.41 0.65 0.93 0.87 1.06 1.14 1.03 0.99 0.93 1.15 1.48
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.30 1.65 3.24 2.84 3.43 0.25 0.48 1.95 1.10 1.39 1.65
Basic Earnings per Share		 ($0.57) $0.33 ($0.46) $0.38 $0.74 $0.08 $0.15 ($0.08) ($0.46) $0.06 $0.25
Weighted Average Basic Shares Outstanding		 9.73M 10.39M 10.91M 11.20M 11.60M 11.73M 11.50M 11.25M 11.28M 11.38M 11.58M
Diluted Earnings per Share		 ($0.57) $0.32 ($0.46) $0.38 $0.74 $0.08 $0.15 ($0.08) ($0.46) $0.06 $0.25
Weighted Average Diluted Shares Outstanding		 9.73M 10.58M 10.91M 11.20M 11.62M 11.78M 11.50M 11.25M 11.28M 11.42M 11.58M
Weighted Average Basic & Diluted Shares Outstanding		 10.31M 10.74M 11.11M 11.50M 11.66M 11.73M 11.27M 11.26M 11.35M 11.43M 11.79M

Quarterly Income Statements for NetSol Technologies

This table shows NetSol Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.03 0.41 0.33 -0.08 0.07 -1.15 1.42 2.58 -2.36 0.25 1.30
Consolidated Net Income / (Loss)		 0.29 0.98 0.32 0.49 0.22 -1.19 1.83 3.70 -2.22 0.96 2.31
Net Income / (Loss) Continuing Operations		 0.29 0.98 0.32 0.49 0.22 -1.19 1.83 3.70 -2.22 0.96 2.31
Total Pre-Tax Income 		0.41 1.13 0.46 1.22 0.45 -0.85 1.99 4.47 -2.00 1.44 3.10
Total Operating Income		 0.35 1.03 1.32 0.80 -0.76 -0.49 1.55 3.20 -1.84 1.30 3.01
Total Gross Profit		 6.16 7.18 7.47 8.47 6.56 6.92 8.74 10 5.91 9.03 11
Total Revenue		 14 15 15 16 15 16 18 18 15 19 20
Operating Revenue		 14 15 15 16 15 16 18 18 15 19 20
Total Cost of Revenue		 8.08 8.06 7.99 7.98 8.03 8.62 8.80 8.06 9.10 9.78 8.80
Total Operating Expenses		 5.81 6.15 6.16 7.67 7.32 7.41 7.19 7.15 7.75 7.73 8.02
Selling, General & Admin Expense		 - - - - 6.96 7.07 6.88 - 7.54 7.48 7.86
Research & Development Expense		 0.38 0.34 0.35 0.34 0.36 0.33 0.30 0.28 0.21 0.25 0.17
Total Other Income / (Expense), net		 0.06 0.11 -0.86 0.42 1.21 -0.37 0.43 1.27 -0.16 0.14 0.09
Interest Expense		 0.28 0.29 0.29 0.29 0.26 0.24 0.19 0.18 0.17 0.18 0.15
Interest & Investment Income		 0.28 0.45 -0.59 1.76 0.77 0.53 0.62 0.43 0.28 0.21 0.13
Other Income / (Expense), net		 0.06 -0.06 0.02 -1.06 0.70 -0.66 0.01 1.02 -0.27 0.11 0.11
Income Tax Expense		 0.12 0.15 0.15 0.73 0.23 0.33 0.15 0.76 0.22 0.48 0.78
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.26 0.57 -0.01 0.57 0.15 -0.04 0.41 1.13 0.14 0.72 1.01
Basic Earnings per Share		 $0.00 $0.04 $0.03 ($0.01) $0.01 ($0.10) $0.12 $0.22 ($0.20) $0.02 $0.11
Weighted Average Basic Shares Outstanding		 11.35M 11.37M 11.39M 11.38M 11.43M 11.48M 11.68M 11.58M 11.77M 11.80M 11.82M
Diluted Earnings per Share		 $0.00 $0.04 $0.03 ($0.01) $0.01 ($0.10) $0.12 $0.22 ($0.20) $0.02 $0.11
Weighted Average Diluted Shares Outstanding		 11.35M 11.37M 11.43M 11.42M 11.48M 11.48M 11.68M 11.58M 11.77M 11.81M 11.84M
Weighted Average Basic & Diluted Shares Outstanding		 - 11.39M 11.41M 11.43M 11.47M 11.67M 11.71M 11.79M 11.80M 11.82M 11.88M

Annual Cash Flow Statements for NetSol Technologies

This table details how cash moves in and out of NetSol Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Net Change in Cash & Equivalents		 2.71 -2.61 2.62 7.92 1.30 3.62 14 -9.74 -8.43 3.59 -1.77
Net Cash From Operating Activities		 5.08 1.66 0.45 16 4.93 3.97 16 3.06 2.01 2.91 0.45
Net Cash From Continuing Operating Activities		 5.08 1.66 0.45 16 4.93 3.97 16 3.06 2.01 2.91 0.45
Net Income / (Loss) Continuing Operations		 -5.25 5.06 -1.74 7.15 12 1.19 2.26 1.10 -4.14 2.08 4.57
Consolidated Net Income / (Loss)		 -5.25 5.06 -1.74 7.15 12 1.19 2.26 1.10 -4.14 2.08 4.57
Depreciation Expense		 10 7.15 6.56 5.57 4.42 3.73 3.96 3.81 3.24 1.72 1.46
Non-Cash Adjustments To Reconcile Net Income		 1.61 0.86 4.41 9.62 -8.48 -1.57 2.83 1.29 5.67 -1.03 -4.60
Changes in Operating Assets and Liabilities, net		 -1.63 -11 -8.78 -6.62 -3.03 0.62 6.68 -3.15 -2.76 0.14 -0.99
Net Cash From Investing Activities		 -3.03 -3.67 -2.73 -3.69 -3.65 -2.05 -2.52 -2.26 -1.40 -0.29 -1.27
Net Cash From Continuing Investing Activities		 -3.03 -3.67 -2.73 -3.69 -3.65 -2.05 -2.52 -2.26 -1.40 -0.29 -1.27
Purchase of Property, Plant & Equipment		 -3.56 -3.34 -2.20 -2.45 -2.73 -1.38 -2.55 -2.61 -1.64 -0.52 -1.38
Acquisitions		 - - - - - - - - - 0.00 -0.01
Sale of Property, Plant & Equipment		 1.10 0.99 0.78 0.94 1.17 0.11 0.19 0.35 0.24 0.22 0.12
Net Cash From Financing Activities		 1.46 0.60 4.38 -1.02 0.02 1.70 -1.17 -1.38 -0.72 0.24 0.82
Net Cash From Continuing Financing Activities		 1.46 0.60 4.38 -1.02 0.02 1.70 -1.17 -1.38 -0.72 0.24 0.82
Repayment of Debt		 -4.08 -0.95 -0.55 -1.63 -0.48 -0.61 -0.70 -1.27 -0.93 -0.52 -0.77
Repurchase of Common Equity		 - - -0.04 -0.75 -0.25 0.00 -2.36 -0.10 -0.06 0.00 -1.50
Payment of Dividends		 -0.81 -1.00 -2.16 -0.42 -0.57 -1.92 - - - 0.00 -0.31
Issuance of Debt		 1.41 1.33 6.18 1.46 1.23 4.22 1.90 0.94 0.27 0.76 2.92
Other Financing Activities, net		 2.64 1.15 0.94 0.32 0.09 0.01 0.00 -0.95 - 0.00 0.49
Effect of Exchange Rate Changes		 -0.80 -1.20 0.51 - - - 1.50 -9.16 -8.32 0.74 -1.76
Cash Interest Paid		 0.16 0.25 0.23 0.39 0.29 0.36 0.46 0.43 0.68 1.58 0.84
Cash Income Taxes Paid		 0.50 0.39 0.20 0.70 0.85 1.03 0.60 1.23 0.98 0.70 1.41

Quarterly Cash Flow Statements for NetSol Technologies

This table details how cash moves in and out of NetSol Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 1.02 -0.89 -3.32 6.79 5.40 -3.26 -2.50 -1.42 5.33 -4.56 -3.39
Net Cash From Operating Activities		 1.66 -1.06 -4.21 6.51 5.52 -5.15 -0.36 0.44 5.30 -4.75 -1.34
Net Cash From Continuing Operating Activities		 1.66 -1.06 -4.21 6.51 5.52 -5.15 -0.36 0.44 5.30 -4.75 -1.34
Net Income / (Loss) Continuing Operations		 0.29 0.98 0.32 0.49 0.22 -1.19 1.83 3.70 -2.22 0.96 2.31
Consolidated Net Income / (Loss)		 0.29 0.98 0.32 0.49 0.22 -1.19 1.83 3.70 -2.22 0.96 2.31
Depreciation Expense		 0.53 0.43 0.39 0.37 0.37 0.37 0.36 0.36 0.32 0.30 0.31
Non-Cash Adjustments To Reconcile Net Income		 0.07 0.07 0.13 -1.30 1.22 2.01 -3.48 -5.77 4.41 -2.72 -2.78
Changes in Operating Assets and Liabilities, net		 0.77 -2.54 -5.04 6.95 3.71 -6.35 0.92 2.15 2.79 -3.29 -1.18
Net Cash From Investing Activities		 -0.37 -0.20 -0.25 0.53 -0.11 -0.42 -0.31 -0.43 -0.44 -0.31 -1.55
Net Cash From Continuing Investing Activities		 -0.37 -0.20 -0.25 0.53 -0.11 -0.42 -0.31 -0.43 -0.44 -0.31 -1.55
Purchase of Property, Plant & Equipment		 -0.37 -0.20 -0.38 0.43 -0.10 -0.47 -0.33 -0.49 -0.49 -0.37 -1.56
Sale of Property, Plant & Equipment		 0.00 0.00 0.12 0.10 0.00 0.05 0.02 0.05 0.02 0.06 0.01
Net Cash From Financing Activities		 -0.04 0.02 0.06 0.21 0.15 2.48 -1.77 -0.04 0.19 0.53 -0.36
Net Cash From Continuing Financing Activities		 -0.04 0.02 0.06 0.21 0.15 2.48 -1.77 -0.04 0.19 0.53 -0.36
Repayment of Debt		 -0.04 -0.12 -0.14 -0.21 -0.12 -0.04 -0.09 -0.53 -0.12 -0.31 -0.67
Issuance of Debt		 0.00 0.14 0.21 0.42 0.25 2.43 -0.23 0.47 0.24 0.55 0.28
Other Financing Activities, net		 0.00 - - - 0.02 0.41 0.04 0.01 0.06 0.29 0.03
Effect of Exchange Rate Changes		 -0.23 0.35 1.08 -0.46 -0.16 -0.17 -0.05 -1.38 0.28 -0.03 -0.14
Cash Interest Paid		 0.32 0.36 - - 0.29 0.22 0.12 - 0.17 0.30 0.15
Cash Income Taxes Paid		 0.11 0.23 - - 0.26 0.68 0.24 - 0.10 0.24 0.65

Annual Balance Sheets for NetSol Technologies

This table presents NetSol Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Total Assets		 89 93 100 - 87 88 87 73 58 64 62
Total Current Assets		 31 40 44 - 51 52 56 49 42 47 46
Cash & Equivalents		 14 12 14 22 17 20 34 24 16 19 17
Accounts Receivable		 15 26 27 16 16 11 19 8.67 12 13 7.53
Other Current Assets		 1.89 3.02 2.54 2.70 18 20 3.01 17 14 15 21
Plant, Property, & Equipment, net		 25 23 20 16 12 11 12 9.38 6.16 5.11 5.07
Total Noncurrent Assets		 32 30 35 - 24 25 19 14 11 12 11
Goodwill		 9.52 9.52 9.52 9.52 9.52 9.52 9.52 9.30 9.30 9.30 9.30
Intangible Assets		 23 20 17 12 7.33 5.39 3.90 1.59 0.13 - 0.00
Other Noncurrent Operating Assets		 0.14 0.93 5.42 0.07 1.31 3.70 2.36 1.85 1.18 2.31 1.75
Total Liabilities & Shareholders' Equity		 89 93 100 - 87 88 87 73 58 64 62
Total Liabilities		 15 16 21 - 21 23 25 22 22 25 20
Total Current Liabilities		 15 15 21 - 20 20 23 21 21 24 20
Short-Term Debt		 3.90 4.44 10 8.60 0.00 - 0.86 8.57 5.78 6.28 8.24
Accounts Payable		 5.95 5.96 6.88 7.87 7.48 5.77 6.70 6.81 6.55 8.23 8.01
Current Deferred Revenue		 4.90 4.74 3.93 - 5.98 4.10 4.56 4.90 7.93 8.75 3.03
Other Current Liabilities		 0.09 0.09 0.09 0.09 6.99 10 11 0.55 0.51 0.61 0.43
Total Noncurrent Liabilities		 0.49 0.48 0.37 - 0.56 2.88 1.26 0.92 0.83 0.78 0.47
Long-Term Debt		 0.49 0.48 0.37 - - - - 0.48 0.18 0.10 0.13
Other Noncurrent Operating Liabilities		 - - - - 0.56 2.88 1.26 0.45 0.65 0.69 0.33
Total Equity & Noncontrolling Interests		 74 78 78 - 66 65 62 51 37 40 42
Total Preferred & Common Equity		 60 64 63 - 58 59 55 45 34 35 38
Preferred Stock		 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 60 64 63 - 58 59 55 45 34 35 38
Common Stock		 118 121 124 126 128 129 129 128 129 129 130
Retained Earnings		 -41 -37 -42 - -35 -34 -39 -40 -45 -44 -41
Treasury Stock		 -0.42 -0.42 -0.45 -1.21 -1.46 -1.46 -3.82 -3.92 -3.92 -3.92 -3.92
Accumulated Other Comprehensive Income / (Loss)		 -17 -19 -18 -24 -33 -34 -32 -39 -46 -46 -47
Noncontrolling Interest		 14 13 15 - 8.41 6.49 7.22 5.45 2.98 4.69 4.43

Quarterly Balance Sheets for NetSol Technologies

This table presents NetSol Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Total Assets		 56 57 63 63 59 58 63 63 72
Total Current Assets		 39 40 46 47 43 42 47 46 52
Cash & Equivalents		 17 16 12 25 21 19 23 18 15
Accounts Receivable		 6.87 5.98 16 5.94 7.83 5.44 6.32 7.78 35
Other Current Assets		 15 18 18 16 14 18 18 21 2.77
Plant, Property, & Equipment, net		 5.77 5.67 5.51 4.85 4.93 4.77 5.19 5.19 5.56
Total Noncurrent Assets		 11 12 12 11 11 11 11 11 14
Goodwill		 9.30 9.30 9.30 9.30 9.30 9.30 9.30 9.30 9.30
Intangible Assets		 0.00 0.00 0.00 - 0.00 - - - 1.04
Other Noncurrent Operating Assets		 2.12 2.43 2.28 2.12 1.88 1.66 1.54 1.79 3.70
Total Liabilities & Shareholders' Equity		 56 57 63 63 59 58 63 63 72
Total Liabilities		 19 19 24 23 21 19 22 21 28
Total Current Liabilities		 18 18 23 22 20 19 22 20 27
Short-Term Debt		 5.76 5.98 6.05 6.44 8.78 8.46 8.33 8.51 8.24
Accounts Payable		 6.80 6.71 6.71 8.41 7.33 7.10 9.19 8.06 8.13
Current Deferred Revenue		 5.17 4.43 9.50 6.92 3.32 2.71 3.74 2.88 10
Other Current Liabilities		 0.54 0.69 0.64 0.59 0.52 0.48 0.40 0.54 0.48
Total Noncurrent Liabilities		 0.93 1.12 0.97 0.69 0.60 0.51 0.44 0.75 0.61
Long-Term Debt		 0.14 0.10 0.13 0.09 0.09 0.09 0.22 0.34 0.25
Other Noncurrent Operating Liabilities		 0.80 1.02 0.84 0.59 0.51 0.42 0.22 0.41 0.36
Total Equity & Noncontrolling Interests		 37 39 39 40 39 39 41 42 44
Total Preferred & Common Equity		 33 34 35 35 34 35 36 36 37
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 33 34 35 35 34 35 36 36 37
Common Stock		 129 129 129 129 129 129 130 130 130
Retained Earnings		 -45 -44 -44 -44 -45 -44 -44 -43 -42
Treasury Stock		 -3.92 -3.92 -3.92 -3.92 -3.92 -3.92 -3.92 -3.92 -3.92
Accumulated Other Comprehensive Income / (Loss)		 -46 -46 -46 -46 -46 -46 -46 -46 -47
Noncontrolling Interest		 3.20 4.07 4.14 5.02 4.59 3.44 4.73 6.00 7.10

Annual Metrics And Ratios for NetSol Technologies

This table displays calculated financial ratios and metrics derived from NetSol Technologies' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
DEI Shares Outstanding		 0.00 0.00 0.00 0.00 11,673,203.00 11,791,194.00 11,306,680.00 11,252,539.00 11,299,011.00 11,405,240.00 11,709,543.00
DEI Adjusted Shares Outstanding		 0.00 0.00 0.00 0.00 11,673,203.00 11,791,194.00 11,306,680.00 11,252,539.00 11,299,011.00 11,405,240.00 11,709,543.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.00 0.00 0.74 0.08 0.16 -0.08 -0.46 0.06 0.25
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 40.30% 26.45% 1.26% -6.79% 11.31% 66.24% -51.29% 4.24% -8.48% 17.18% 7.65%
EBITDA Growth		 214.04% 136.36% -59.27% 50.79% 100.28% -63.92% 13.04% -3.46% -192.52% 168.00% 55.92%
EBIT Growth		 67.09% 244.08% -114.98% 389.79% 337.32% -81.10% 24.21% -3.21% -432.21% 126.15% 105.66%
NOPAT Growth		 60.54% 254.35% -112.56% 488.46% 130.51% -91.29% 242.21% -130.35% -981.99% 136.64% 17.53%
Net Income Growth		 59.43% 196.34% -134.34% 511.76% 68.08% -90.08% 89.73% -51.33% -476.50% 150.14% 119.97%
EPS Growth		 54.40% 156.14% -243.75% 182.61% 94.74% -89.19% 87.50% -153.33% -475.00% 113.04% 316.67%
Operating Cash Flow Growth		 -72.75% -67.33% -72.61% 3,358.52% -68.61% -19.48% 295.88% -80.54% -34.34% 44.78% -84.63%
Free Cash Flow Firm Growth		 2.46% -135.15% 24.32% 1,957.38% -53.46% -62.23% 363.05% -150.60% 115.91% 75.73% -243.78%
Invested Capital Growth		 -11.55% 11.35% 0.78% -28.71% -8.92% -7.62% -39.75% 34.85% -21.99% -1.57% 24.27%
Revenue Q/Q Growth		 12.94% 6.05% -6.57% 3.64% 33.63% 0.00% -59.52% 23.32% -2.40% 7.33% 3.06%
EBITDA Q/Q Growth		 489.96% 18.40% -54.66% 27.21% 3,200.38% 0.00% -22.98% -10.07% -1,977.51% 343.91% 101.77%
EBIT Q/Q Growth		 63.43% 118.56% -117.33% 305.86% 1,489.84% 0.00% -42.93% -18.13% -199.38% 164.78% 187.71%
NOPAT Q/Q Growth		 58.80% 134.94% -115.43% 352.92% 58.27% 0.00% 0.29% -141.49% -488.02% 230.87% 394.45%
Net Income Q/Q Growth		 60.56% 102.07% -149.53% 106.71% 73.91% 0.00% 50.14% -78.68% -1,688.75% 144.34% 237.56%
EPS Q/Q Growth		 54.40% 433.33% -2,400.00% 0.00% 146.67% 0.00% 66.67% -127.59% -170.59% 113.95% 2,400.00%
Operating Cash Flow Q/Q Growth		 -13.55% -54.46% 130.49% 232.58% -63.36% 0.00% 12.74% -71.83% 1,923.94% 169.98% -93.14%
Free Cash Flow Firm Q/Q Growth		 35.02% -196.42% 78.38% 1,361.97% -47.05% -93.07% 171.78% -308.84% 122.06% 165.02% -174.76%
Invested Capital Q/Q Growth		 -5.07% 4.68% -8.46% -32.43% -21.27% 0.00% -8.42% 39.38% -11.92% -19.55% 16.07%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 34.20% 47.72% 43.46% 47.94% 51.44% 47.83% 47.98% 41.46% 32.29% 47.70% 49.29%
EBITDA Margin		 11.36% 21.23% 8.54% 13.81% 24.85% 5.39% 12.52% 11.59% -11.72% 6.80% 9.85%
Operating Margin		 -10.12% 9.76% -1.53% 5.01% 10.07% 0.95% 4.95% -1.88% -16.76% 5.69% 5.30%
EBIT Margin		 -8.91% 10.15% -1.50% 4.67% 18.33% 2.08% 5.31% 4.93% -17.91% 4.00% 7.64%
Profit (Net Income) Margin		 -10.28% 7.83% -2.66% 11.73% 17.72% 1.06% 4.12% 1.92% -7.91% 3.38% 6.92%
Tax Burden Percent		 108.55% 88.57% 215.84% 89.12% 91.91% 51.09% 68.78% 52.68% 128.79% 64.46% 75.59%
Interest Burden Percent		 106.36% 87.16% 82.01% 282.22% 105.17% 99.28% 112.65% 73.97% 34.29% 131.34% 119.81%
Effective Tax Rate		 0.00% 11.43% 0.00% 10.88% 8.09% 48.91% 31.22% 47.32% 0.00% 35.54% 24.41%
Return on Invested Capital (ROIC)		 -5.32% 8.28% -0.98% 4.44% 12.88% 1.22% 5.44% -1.87% -19.80% 8.34% 8.81%
ROIC Less NNEP Spread (ROIC-NNEP)		 14.42% 14.63% 14.61% 24.40% 49.93% -1.81% 4.11% -8.29% -35.46% 9.90% -8.89%
Return on Net Nonoperating Assets (RNNOA)		 -1.57% -1.60% -1.25% 13.85% 23.28% 0.58% -1.89% 3.82% 10.34% -2.90% 2.36%
Return on Equity (ROE)		 -6.89% 6.69% -2.23% 18.29% 36.15% 1.81% 3.55% 1.95% -9.46% 5.45% 11.18%
Cash Return on Invested Capital (CROIC)		 6.93% -2.46% -1.76% 37.96% 22.21% 9.15% 55.05% -31.55% 4.91% 9.92% -12.83%
Operating Return on Assets (OROA)		 -4.95% 7.19% -1.02% 5.70% 28.42% 2.67% 3.33% 3.55% -14.33% 4.01% 7.97%
Return on Assets (ROA)		 -5.71% 5.55% -1.80% 14.35% 27.47% 1.35% 2.58% 1.38% -6.33% 3.39% 7.22%
Return on Common Equity (ROCE)		 -5.53% 5.48% -1.83% 14.83% 31.58% 1.60% 3.17% 1.73% -8.55% 4.90% 9.93%
Return on Equity Simple (ROE_SIMPLE)		 -8.78% 7.86% -2.74% 0.00% 20.70% 2.02% 4.14% 2.42% -12.26% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -3.62 5.58 -0.70 2.72 6.28 0.55 1.87 -0.57 -6.15 2.25 2.65
NOPAT Margin		 -7.08% 8.65% -1.07% 4.47% 9.25% 0.49% 3.41% -0.99% -11.73% 3.67% 4.01%
Net Nonoperating Expense Percent (NNEP)		 -19.74% -6.35% -15.60% -19.96% -37.05% 3.03% 1.33% 6.42% 15.66% -1.56% 17.70%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 4.91% 5.23%
Cost of Revenue to Revenue		 65.80% 52.28% 56.54% 52.07% 48.56% 52.17% 52.02% 58.54% 67.71% 52.30% 50.71%
SG&A Expenses to Revenue		 27.83% 22.82% 25.62% 26.68% 25.59% 38.17% 28.11% 0.00% 0.00% 39.73% 42.06%
R&D to Revenue		 0.62% 0.75% 0.60% 1.40% 2.91% 1.30% 1.23% 2.34% 3.06% 2.28% 1.93%
Operating Expenses to Revenue		 44.32% 37.95% 44.99% 42.92% 41.37% 45.91% 43.03% 43.35% 49.04% 42.01% 43.99%
Earnings before Interest and Taxes (EBIT)		 -4.55 6.55 -0.98 2.84 12 2.35 2.92 2.83 -9.39 2.45 5.05
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5.80 14 5.58 8.42 17 6.08 6.88 6.64 -6.14 4.18 6.51
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 1.12 0.54 0.97 0.79 0.79 0.83 0.96
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 1.58 0.72 1.29 1.04 1.09 1.13 1.28
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.96 0.28 0.97 0.63 0.51 0.47 0.55
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 7.60 33.97 29.95 0.00 0.00 42.36 12.46
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 13.15% 2.94% 3.34% 0.00% 0.00% 2.36% 8.03%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 1.15 0.37 0.95 0.73 0.74 0.78 0.96
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.79 0.14 0.45 0.44 0.38 0.34 0.48
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 3.18 2.59 3.56 3.81 0.00 5.01 4.89
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 4.32 6.71 8.38 8.96 0.00 8.52 6.31
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 8.55 28.84 13.07 0.00 0.00 9.28 12.04
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 10.87 3.97 1.56 8.27 9.98 7.19 71.23
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 4.96 3.86 1.29 0.00 13.16 7.81 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.06 0.06 0.14 0.00 0.00 0.00 0.01 0.18 0.16 0.16 0.20
Long-Term Debt to Equity		 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00
Financial Leverage		 -0.11 -0.11 -0.09 0.57 0.47 -0.32 -0.46 -0.46 -0.29 -0.29 -0.27
Leverage Ratio		 1.21 1.21 1.24 1.27 1.32 1.33 1.37 1.41 1.49 1.61 1.55
Compound Leverage Factor		 1.28 1.05 1.02 3.60 1.38 1.32 1.55 1.04 0.51 2.11 1.85
Debt to Total Capital		 5.62% 5.96% 11.93% 100.00% 0.00% 0.00% 1.37% 15.10% 13.94% 13.88% 16.54%
Short-Term Debt to Total Capital		 4.99% 5.38% 11.51% 100.00% 0.00% 0.00% 1.37% 14.30% 13.52% 13.67% 16.27%
Long-Term Debt to Total Capital		 0.62% 0.58% 0.41% 0.00% 0.00% 0.00% 0.00% 0.80% 0.41% 0.21% 0.27%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 17.74% 16.16% 16.67% 0.00% 12.66% 9.91% 11.50% 9.10% 6.96% 10.23% 8.74%
Common Equity to Total Capital		 76.64% 77.89% 71.40% 0.00% 87.34% 90.09% 87.13% 75.80% 79.10% 75.89% 74.72%
Debt to EBITDA		 0.76 0.36 1.90 1.02 0.00 0.00 0.12 1.36 -0.97 1.53 1.29
Net Debt to EBITDA		 -1.70 -0.48 -1.19 -1.99 0.00 0.00 -5.24 -2.41 1.56 -3.05 -1.38
Long-Term Debt to EBITDA		 0.08 0.03 0.07 0.00 0.00 0.00 0.00 0.07 -0.03 0.02 0.02
Debt to NOPAT		 -1.21 0.88 -15.11 3.16 0.00 0.00 0.46 -15.92 -0.97 2.83 3.16
Net Debt to NOPAT		 2.73 -1.19 9.47 -6.14 0.00 0.00 -19.24 28.13 1.56 -5.66 -3.39
Long-Term Debt to NOPAT		 -0.13 0.09 -0.52 0.00 0.00 0.00 0.00 -0.84 -0.03 0.04 0.05
Altman Z-Score		 0.00 0.00 0.00 0.00 2.96 2.08 1.85 1.61 0.46 1.26 1.99
Noncontrolling Interest Sharing Ratio		 19.66% 17.97% 18.06% 18.93% 12.66% 11.29% 10.76% 11.24% 9.61% 10.05% 11.15%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.11 2.66 2.10 0.00 2.49 2.58 2.37 2.37 2.00 1.99 2.35
Quick Ratio		 1.98 2.46 1.98 0.00 1.61 1.57 2.24 1.57 1.31 1.35 1.26
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 4.71 -1.65 -1.25 23 11 4.09 19 -9.58 1.52 2.68 -3.85
Operating Cash Flow to CapEx		 206.76% 70.61% 31.95% 1,043.31% 317.11% 312.55% 665.49% 135.42% 143.62% 997.94% 35.33%
Free Cash Flow to Firm to Interest Expense		 28.20 -6.26 -4.04 55.08 34.72 11.79 48.01 -25.91 1.99 2.35 -4.42
Operating Cash Flow to Interest Expense		 30.42 6.27 1.47 37.21 15.82 11.45 39.88 8.28 2.63 2.55 0.51
Operating Cash Flow Less CapEx to Interest Expense		 15.71 -2.61 -3.12 33.64 10.83 7.79 33.89 2.16 0.80 2.29 -0.94
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.56 0.71 0.68 1.22 1.55 1.28 0.63 0.72 0.80 1.00 1.04
Accounts Receivable Turnover		 4.05 3.14 2.46 2.80 4.27 8.34 3.63 4.16 5.14 4.96 6.42
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 1.86 2.70 3.03 3.34 4.80 9.63 4.69 5.33 6.74 10.90 12.98
Accounts Payable Turnover		 6.01 5.66 5.76 4.30 4.29 8.88 4.58 4.96 5.31 4.34 4.13
Days Sales Outstanding (DSO)		 90.22 116.20 148.62 130.31 85.44 43.74 100.64 87.77 71.00 73.61 56.82
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 60.78 64.43 63.42 84.88 85.07 41.10 79.63 73.57 68.75 84.03 88.45
Cash Conversion Cycle (CCC)		 29.44 51.76 85.20 45.43 0.37 2.64 21.01 14.20 2.25 -10.42 -31.63
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 64 71 72 51 46 43 26 35 27 27 33
Invested Capital Turnover		 0.75 0.96 0.92 0.99 1.39 2.52 1.60 1.89 1.69 2.27 2.20
Increase / (Decrease) in Invested Capital		 -8.32 7.24 0.55 -21 -4.55 -3.54 -17 9.01 -7.67 -0.43 6.50
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 54 16 24 25 20 21 32
Market Capitalization		 0.00 0.00 0.00 0.00 65 32 53 36 27 29 36
Book Value per Share		 $6.15 $6.19 $5.81 $0.00 $4.97 $5.00 $4.83 $4.04 $2.99 $3.05 $3.23
Tangible Book Value per Share		 $2.82 $3.38 $3.38 $0.00 $3.53 $3.74 $3.65 $3.07 $2.16 $2.24 $2.44
Total Capital		 78 83 89 8.60 66 65 63 60 43 46 51
Total Debt		 4.38 4.92 11 8.60 0.00 0.00 0.86 9.04 5.96 6.37 8.37
Total Long-Term Debt		 0.49 0.48 0.37 0.00 0.00 0.00 0.00 0.48 0.18 0.10 0.13
Net Debt		 -9.88 -6.64 -6.64 -17 -20 -23 -36 -16 -9.58 -13 -8.98
Capital Expenditures (CapEx)		 2.46 2.35 1.42 1.51 1.56 1.27 2.36 2.26 1.40 0.29 1.27
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 6.08 18 19 -13 13 12 -0.75 13 11 11 17
Debt-free Net Working Capital (DFNWC)		 20 30 33 8.60 30 32 33 37 27 30 35
Net Working Capital (NWC)		 16 25 23 0.00 30 32 32 29 21 24 27
Net Nonoperating Expense (NNE)		 1.63 0.52 1.04 -4.43 -5.74 -0.65 -0.39 -1.67 -2.00 0.17 -1.92
Net Nonoperating Obligations (NNO)		 -9.88 -6.64 -6.64 51 -20 -23 -36 -16 -9.58 -13 -8.98
Total Depreciation and Amortization (D&A)		 10 7.15 6.56 5.57 4.42 3.73 3.96 3.81 3.24 1.72 1.46
Debt-free, Cash-free Net Working Capital to Revenue		 11.91% 28.05% 29.38% -22.14% 19.36% 10.30% -1.36% 23.06% 21.15% 17.50% 26.46%
Debt-free Net Working Capital to Revenue		 39.85% 45.95% 51.06% 14.11% 44.96% 28.19% 60.01% 64.92% 50.80% 48.65% 52.73%
Net Working Capital to Revenue		 32.21% 39.07% 35.42% 0.00% 44.96% 28.19% 58.45% 49.95% 39.77% 38.43% 40.26%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.57) $0.33 ($0.46) $0.38 $0.90 $0.08 $0.15 ($0.08) ($0.46) $0.06 $0.25
Adjusted Weighted Average Basic Shares Outstanding		 9.73M 10.39M 10.91M 11.20M 11.60M 11.73M 11.50M 11.25M 11.28M 11.38M 11.58M
Adjusted Diluted Earnings per Share		 ($0.57) $0.32 ($0.46) $0.38 $0.90 $0.08 $0.15 ($0.08) ($0.46) $0.06 $0.25
Adjusted Weighted Average Diluted Shares Outstanding		 9.73M 10.58M 10.91M 11.20M 11.62M 11.78M 11.50M 11.25M 11.28M 11.42M 11.58M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 10.31M 10.74M 11.11M 11.50M 11.66M 11.73M 11.27M 11.26M 11.35M 11.43M 11.79M
Normalized Net Operating Profit after Tax (NOPAT)		 -3.62 5.58 -0.70 2.72 6.28 0.54 1.87 -0.57 -6.15 2.25 2.65
Normalized NOPAT Margin		 -7.08% 8.65% -1.07% 4.47% 9.25% 0.47% 3.41% -0.99% -11.73% 3.67% 4.01%
Pre Tax Income Margin		 -9.47% 8.85% -1.23% 13.17% 19.28% 2.07% 5.99% 3.65% -6.14% 5.25% 9.15%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -27.23 24.76 -3.16 6.73 39.87 6.78 7.40 7.64 -12.27 2.15 5.79
NOPAT to Interest Expense		 -21.66 21.10 -2.26 6.45 20.13 1.58 4.75 -1.54 -8.03 1.97 3.04
EBIT Less CapEx to Interest Expense		 -41.94 15.88 -7.75 3.16 34.88 3.11 1.41 1.53 -14.10 1.89 4.34
NOPAT Less CapEx to Interest Expense		 -36.37 12.22 -6.85 2.88 15.14 -2.09 -1.25 -7.65 -9.86 1.72 1.58
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -15.37% 19.85% -124.18% 5.84% 4.71% 161.12% 0.00% 0.00% 0.00% 0.00% 6.71%
Augmented Payout Ratio		 -15.37% 19.85% -126.42% 16.34% 6.80% 161.12% 104.56% 9.09% -1.47% 0.00% 39.61%

Quarterly Metrics And Ratios for NetSol Technologies

This table displays calculated financial ratios and metrics derived from NetSol Technologies' official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 11,345,856.00 11,372,819.00 11,390,888.00 11,405,240.00 11,430,891.00 11,474,841.00 11,670,015.00 11,709,543.00 11,785,540.00 11,796,775.00 11,816,519.00
DEI Adjusted Shares Outstanding		 11,345,856.00 11,372,819.00 11,390,888.00 11,405,240.00 11,430,891.00 11,474,841.00 11,670,015.00 11,709,543.00 11,785,540.00 11,796,775.00 11,816,519.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.04 0.03 -0.01 0.01 -0.10 0.12 0.22 -0.20 0.02 0.11
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.09% 22.98% 14.50% 19.28% 2.50% 1.96% 13.45% 11.92% 2.83% 21.06% 13.05%
EBITDA Growth		 223.75% 199.69% 922.60% 102.23% -67.86% -155.39% 11.38% 4,165.78% -690.76% 320.67% 77.55%
EBIT Growth		 173.62% 142.25% 234.85% 95.25% -115.70% -218.33% 16.77% 1,702.19% -3,187.41% 222.88% 99.16%
NOPAT Growth		 118.62% 141.77% 201.94% 115.76% -249.63% -138.26% 59.41% 726.23% -248.06% 354.35% 56.62%
Net Income Growth		 166.46% 140.92% -92.55% 108.80% -25.20% -220.69% 480.75% 658.94% -1,118.50% 181.10% 26.18%
EPS Growth		 105.00% 121.05% -86.96% 97.73% 100.00% -350.00% 300.00% 2,300.00% -3,433.33% 120.00% -8.33%
Operating Cash Flow Growth		 28.08% -371.05% -580.80% 1,273.24% 231.67% -386.15% 91.36% -93.23% -3.88% 7.76% -268.80%
Free Cash Flow Firm Growth		 1,430.39% 399.56% 77.79% -86.74% -184.26% 26.75% 503.78% -615.16% 73.25% -326.56% -217.40%
Invested Capital Growth		 0.00% -3.61% 7.77% -1.57% 0.00% -9.82% -13.87% 24.27% 21.29% 25.03% 32.62%
Revenue Q/Q Growth		 3.28% 6.99% 1.49% 6.36% -11.25% 6.43% 12.92% 4.93% -18.45% 25.29% 5.45%
EBITDA Q/Q Growth		 119.50% 48.91% 23.75% -93.80% 181.23% -356.63% 348.84% 103.57% -138.95% 195.86% 100.22%
EBIT Q/Q Growth		 107.37% 137.33% 38.16% -119.65% 75.64% -1,689.21% 236.34% 123.63% -149.98% 166.88% 120.99%
NOPAT Q/Q Growth		 112.15% 260.46% 1.05% -64.38% -215.32% 7.82% 520.99% 84.63% -148.58% 167.36% 159.24%
Net Income Q/Q Growth		 105.25% 237.66% -67.86% 54.55% -55.40% -644.86% 254.65% 101.97% -159.85% 143.39% 140.60%
EPS Q/Q Growth		 100.68% 1,233.33% -25.00% -133.33% 160.00% -1,766.67% 220.00% 83.33% -190.91% 110.00% 450.00%
Operating Cash Flow Q/Q Growth		 399.73% -163.65% -297.32% 254.78% -15.27% -193.30% 92.94% 221.34% 1,102.75% -189.54% 71.78%
Free Cash Flow Firm Q/Q Growth		 365.86% -92.48% -175.90% 149.85% -3,060.96% 111.31% 141.78% -163.60% -53.77% 4.19% -25.29%
Invested Capital Q/Q Growth		 -100.00% 0.00% 14.93% -19.55% -18.77% 20.07% 9.77% 16.07% -20.72% 23.77% 16.43%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 43.27% 47.09% 48.34% 51.51% 44.96% 44.54% 49.83% 56.21% 39.38% 48.01% 55.61%
EBITDA Margin		 6.60% 9.18% 11.19% 0.65% 2.07% -4.99% 10.99% 24.87% -11.88% 9.09% 17.26%
Operating Margin		 2.46% 6.74% 8.52% 4.85% -5.21% -3.13% 8.85% 17.36% -12.25% 6.91% 15.16%
EBIT Margin		 2.87% 6.36% 8.66% -1.60% -0.44% -7.38% 8.92% 22.91% -14.04% 7.50% 15.71%
Profit (Net Income) Margin		 2.04% 6.45% 2.04% 2.97% 1.49% -7.63% 10.46% 20.13% -14.77% 5.11% 11.67%
Tax Burden Percent		 70.48% 86.75% 68.31% 40.17% 48.65% 138.80% 92.38% 82.91% 110.78% 66.70% 74.77%
Interest Burden Percent		 101.09% 116.85% 34.52% -461.66% -697.93% 74.49% 126.95% 105.96% 94.95% 102.31% 99.37%
Effective Tax Rate		 29.52% 13.25% 31.69% 59.83% 51.35% 0.00% 7.62% 17.09% 0.00% 33.30% 25.24%
Return on Invested Capital (ROIC)		 0.00% 11.25% 10.38% 4.43% -14.38% -4.94% 16.93% 31.68% -23.69% 10.95% 24.49%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 10.48% 17.55% 2.93% -20.91% 2.75% 12.06% 21.96% -17.90% 10.07% 23.68%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -3.02% -3.55% -0.86% 9.47% -0.78% -2.52% -5.84% 7.17% -2.71% -4.69%
Return on Equity (ROE)		 0.00% 8.23% 6.82% 3.58% -4.92% -5.73% 14.41% 25.84% -16.53% 8.23% 19.80%
Cash Return on Invested Capital (CROIC)		 0.00% 4.01% -12.84% 9.92% -186.52% 9.92% 16.63% -12.83% -13.27% -11.83% -16.50%
Operating Return on Assets (OROA)		 0.00% 5.91% 8.07% -1.60% -0.43% -7.86% 9.42% 23.91% -14.89% 8.59% 17.41%
Return on Assets (ROA)		 0.00% 5.99% 1.90% 2.97% 1.47% -8.13% 11.04% 21.01% -15.66% 5.86% 12.93%
Return on Common Equity (ROCE)		 0.00% 7.42% 6.19% 3.22% -4.29% -5.08% 13.02% 22.96% -14.52% 7.15% 17.29%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -0.09% -13.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.25 0.89 0.90 0.32 -0.37 -0.34 1.44 2.65 -1.29 0.87 2.25
NOPAT Margin		 1.74% 5.85% 5.82% 1.95% -2.53% -2.19% 8.18% 14.39% -8.57% 4.61% 11.33%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.77% -7.17% 1.50% 6.53% -7.69% 4.87% 9.71% -5.79% 0.88% 0.81%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.00% 1.97% 0.70% -0.80% -0.72% 3.02% 5.23% -2.62% 1.71% 4.26%
Cost of Revenue to Revenue		 56.73% 52.91% 51.66% 48.49% 55.04% 55.46% 50.17% 43.79% 60.62% 51.99% 44.39%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 47.71% 45.53% 39.24% 0.00% 50.20% 39.78% 39.61%
R&D to Revenue		 2.66% 2.24% 2.23% 2.05% 2.47% 2.15% 1.74% 1.51% 1.43% 1.32% 0.84%
Operating Expenses to Revenue		 40.80% 40.35% 39.81% 46.66% 50.17% 47.68% 40.97% 38.86% 51.63% 41.10% 40.45%
Earnings before Interest and Taxes (EBIT)		 0.41 0.97 1.34 -0.26 -0.06 -1.15 1.56 4.22 -2.11 1.41 3.12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 0.94 1.40 1.73 0.11 0.30 -0.77 1.93 4.58 -1.78 1.71 3.42
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.73 0.89 0.83 0.94 0.89 0.80 0.96 1.56 0.99 1.08
Price to Tangible Book Value (P/TBV)		 0.00 0.99 1.21 1.13 1.28 1.22 1.08 1.28 2.11 1.34 1.49
Price to Revenue (P/Rev)		 0.38 0.44 0.55 0.47 0.53 0.48 0.44 0.55 0.84 0.51 0.56
Price to Earnings (P/E)		 0.00 0.00 0.00 42.36 45.01 0.00 106.64 12.46 113.06 18.92 22.68
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 2.36% 2.22% 0.00% 0.94% 8.03% 0.88% 5.28% 4.41%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.67 0.89 0.78 0.90 0.85 0.75 0.96 1.77 0.99 1.08
Enterprise Value to Revenue (EV/Rev)		 0.00 0.34 0.52 0.34 0.32 0.36 0.33 0.48 0.70 0.47 0.57
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 5.01 5.54 16.30 13.73 4.89 10.52 4.70 4.87
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 8.52 9.89 0.00 239.43 6.31 15.50 5.84 5.75
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 195.24 0.00 9.28 13.37 0.00 40.08 12.04 32.38 10.61 10.62
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 21.11 0.00 7.19 2.90 8.32 3.29 71.23 199.79 51.32 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 16.49 0.00 7.81 0.00 8.15 4.17 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.16 0.16 0.16 0.16 0.23 0.22 0.20 0.21 0.21 0.19
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01
Financial Leverage		 0.00 -0.29 -0.20 -0.29 -0.45 -0.29 -0.21 -0.27 -0.40 -0.27 -0.20
Leverage Ratio		 0.00 1.48 1.53 1.61 1.58 1.51 1.55 1.55 1.56 1.51 1.56
Compound Leverage Factor		 0.00 1.72 0.53 -7.41 -11.03 1.13 1.97 1.64 1.48 1.55 1.55
Debt to Total Capital		 0.00% 13.63% 13.54% 13.88% 14.13% 18.72% 18.02% 16.54% 17.42% 17.42% 16.09%
Short-Term Debt to Total Capital		 0.00% 13.41% 13.26% 13.67% 13.92% 18.54% 17.83% 16.27% 16.98% 16.76% 15.62%
Long-Term Debt to Total Capital		 0.00% 0.22% 0.29% 0.21% 0.20% 0.18% 0.18% 0.27% 0.44% 0.66% 0.47%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 9.13% 9.08% 10.23% 10.84% 9.69% 7.25% 8.74% 9.64% 11.81% 13.45%
Common Equity to Total Capital		 0.00% 77.24% 77.38% 75.89% 75.03% 71.59% 74.73% 74.72% 72.94% 70.77% 70.46%
Debt to EBITDA		 0.00 -2.26 -3.61 1.53 1.85 6.50 5.47 1.29 1.93 1.28 1.01
Net Debt to EBITDA		 0.00 3.56 3.60 -3.05 -5.08 -9.08 -6.55 -1.38 -3.20 -1.34 -0.74
Long-Term Debt to EBITDA		 0.00 -0.04 -0.08 0.02 0.03 0.06 0.06 0.02 0.05 0.05 0.03
Debt to NOPAT		 0.00 60.84 -3.59 2.83 4.46 -78.87 15.97 3.16 5.94 2.89 2.20
Net Debt to NOPAT		 0.00 -95.81 3.58 -5.66 -12.27 110.25 -19.11 -3.39 -9.83 -3.03 -1.62
Long-Term Debt to NOPAT		 0.00 1.00 -0.08 0.04 0.06 -0.77 0.16 0.05 0.15 0.11 0.06
Altman Z-Score		 0.00 1.22 1.23 1.12 1.31 1.26 1.50 1.95 1.97 1.76 1.62
Noncontrolling Interest Sharing Ratio		 0.00% 9.80% 9.25% 10.05% 12.63% 11.25% 9.68% 11.15% 12.14% 13.16% 12.67%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 2.25 2.02 1.99 2.08 2.15 2.26 2.35 2.15 2.32 1.94
Quick Ratio		 0.00 1.21 1.23 1.35 1.36 1.46 1.29 1.26 1.34 1.30 1.83
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 26 1.97 -1.50 0.75 -22 2.50 6.05 -3.85 -5.92 -5.67 -7.10
Operating Cash Flow to CapEx		 449.14% -532.30% -1,662.23% 0.00% 5,477.38% -1,220.31% -116.64% 102.11% 1,131.80% -1,530.78% -86.21%
Free Cash Flow to Firm to Interest Expense		 95.11 6.80 -5.17 2.61 -85.67 10.59 31.07 -21.15 -33.89 -32.17 -46.88
Operating Cash Flow to Interest Expense		 6.03 -3.65 -14.52 22.76 21.37 -21.78 -1.87 2.42 30.37 -26.94 -8.84
Operating Cash Flow Less CapEx to Interest Expense		 4.69 -4.33 -15.40 24.61 20.98 -23.56 -3.47 0.05 27.69 -28.70 -19.10
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.93 0.93 1.00 0.98 1.06 1.06 1.04 1.06 1.15 1.11
Accounts Receivable Turnover		 0.00 10.74 4.57 4.96 10.40 8.99 6.03 6.42 10.85 8.94 3.58
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 7.89 9.24 10.90 12.74 11.71 12.48 12.98 13.25 13.79 13.96
Accounts Payable Turnover		 0.00 4.80 4.85 4.34 3.81 4.64 4.84 4.13 3.93 4.64 4.69
Days Sales Outstanding (DSO)		 0.00 33.98 79.92 73.61 35.09 40.61 60.53 56.82 33.64 40.82 101.94
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 76.07 75.26 84.03 95.79 78.59 75.37 88.45 92.92 78.59 77.76
Cash Conversion Cycle (CCC)		 0.00 -42.09 4.67 -10.42 -60.71 -37.99 -14.84 -31.63 -59.28 -37.77 24.18
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 29 33 27 22 26 29 33 26 33 38
Invested Capital Turnover		 0.00 1.92 1.78 2.27 5.68 2.25 2.07 2.20 2.76 2.37 2.16
Increase / (Decrease) in Invested Capital		 -26 -1.08 2.40 -0.43 22 -2.84 -4.62 6.50 4.63 6.54 9.35
Enterprise Value (EV)		 0.00 20 30 21 20 22 21 32 47 32 41
Market Capitalization		 21 25 32 29 33 30 28 36 56 36 40
Book Value per Share		 $0.00 $3.03 $3.10 $3.05 $3.04 $2.96 $3.04 $3.23 $3.04 $3.05 $3.15
Tangible Book Value per Share		 $0.00 $2.21 $2.28 $2.24 $2.23 $2.15 $2.24 $2.44 $2.25 $2.26 $2.27
Total Capital		 0.00 45 46 46 46 47 47 51 49 51 53
Total Debt		 0.00 6.08 6.18 6.37 6.54 8.87 8.55 8.37 8.55 8.85 8.49
Total Long-Term Debt		 0.00 0.10 0.13 0.10 0.09 0.09 0.09 0.13 0.22 0.34 0.25
Net Debt		 0.00 -9.58 -6.16 -13 -18 -12 -10 -8.98 -14 -9.29 -6.25
Capital Expenditures (CapEx)		 0.37 0.20 0.25 -0.53 0.10 0.42 0.31 0.43 0.47 0.31 1.55
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 13 17 11 6.08 11 13 17 11 17 19
Debt-free Net Working Capital (DFNWC)		 0.00 28 29 30 31 32 32 35 33 35 34
Net Working Capital (NWC)		 0.00 22 23 24 24 23 24 27 25 26 25
Net Nonoperating Expense (NNE)		 -0.04 -0.09 0.58 -0.17 -0.59 0.85 -0.40 -1.06 0.93 -0.10 -0.07
Net Nonoperating Obligations (NNO)		 0.00 -9.58 -6.16 -13 -18 -12 -10 -8.98 -14 -9.29 -6.25
Total Depreciation and Amortization (D&A)		 0.53 0.43 0.39 0.37 0.37 0.37 0.36 0.36 0.32 0.30 0.31
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 22.17% 29.79% 17.50% 9.85% 16.94% 20.83% 26.46% 15.90% 24.07% 26.06%
Debt-free Net Working Capital to Revenue		 0.00% 49.75% 51.36% 48.65% 49.56% 51.22% 50.11% 52.73% 50.02% 50.06% 46.52%
Net Working Capital to Revenue		 0.00% 39.21% 40.79% 38.43% 39.13% 37.07% 36.92% 40.26% 37.49% 37.86% 35.09%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.04 $0.03 ($0.01) $0.01 ($0.10) $0.12 $0.22 ($0.20) $0.02 $0.11
Adjusted Weighted Average Basic Shares Outstanding		 0.00 11.37M 11.39M 11.38M 11.43M 11.48M 11.68M 11.58M 11.77M 11.80M 11.82M
Adjusted Diluted Earnings per Share		 $0.00 $0.04 $0.03 ($0.01) $0.01 ($0.10) $0.12 $0.22 ($0.20) $0.02 $0.11
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 11.37M 11.43M 11.42M 11.48M 11.48M 11.68M 11.58M 11.77M 11.81M 11.84M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 11.39M 11.41M 11.43M 11.47M 11.67M 11.71M 11.79M 11.80M 11.82M 11.88M
Normalized Net Operating Profit after Tax (NOPAT)		 0.25 0.89 0.90 0.56 -0.53 -0.34 1.44 2.65 -1.29 0.87 2.25
Normalized NOPAT Margin		 1.74% 5.85% 5.82% 3.40% -3.65% -2.19% 8.18% 14.39% -8.57% 4.61% 11.33%
Pre Tax Income Margin		 2.90% 7.43% 2.99% 7.39% 3.07% -5.50% 11.32% 24.27% -13.33% 7.67% 15.61%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.48 3.34 4.62 -0.92 -0.25 -4.85 8.03 23.17 -12.07 8.00 20.56
NOPAT to Interest Expense		 0.90 3.07 3.11 1.12 -1.43 -1.44 7.37 14.56 -7.37 4.92 14.83
EBIT Less CapEx to Interest Expense		 0.14 2.65 3.75 0.94 -0.64 -6.64 6.43 20.80 -14.76 6.24 10.30
NOPAT Less CapEx to Interest Expense		 -0.45 2.38 2.23 2.98 -1.82 -3.23 5.77 12.18 -10.05 3.16 4.57
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -186.57% 22.66% 6.71% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -186.57% 133.70% 39.61% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

NetSol Technologies (NASDAQ: NTWK) showed a meaningful improvement in profitability in the latest quarter, but the cash flow picture remains weak and the balance sheet still carries several moving parts that investors should watch closely.

For Q3 2026, revenue rose to $19.8 million from $18.8 million in Q2 2026 and $15.5 million in Q3 2025. Net income attributable to common shareholders improved to $1.3 million, up from $246,757 in Q2 2026 and $1.4 million in Q3 2025. However, operating cash flow was still negative in the quarter at -$1.34 million, compared with a much stronger $5.30 million in Q1 2026 and -$363,401 in Q3 2025.

  • Revenue growth improved sequentially and year over year. Q3 2026 revenue of $19.8 million topped both Q2 2026 and Q3 2025, showing continued top-line momentum.
  • Operating income strengthened sharply. Operating income reached $3.0 million in Q3 2026, up from $1.3 million in Q2 2026 and $1.6 million in Q3 2025.
  • Gross profit margin remained solid. Gross profit was $11.0 million on $19.8 million of revenue, reflecting a healthy gross margin profile.
  • Net income improved versus the prior quarter. Common shareholder earnings climbed to $1.3 million from $246,757 in Q2 2026.
  • Cash and equivalents increased from the previous quarter. Cash rose to $14.7 million in Q3 2026 from $11.8 million in Q2 2026, helping near-term liquidity.
  • Deferred revenue remains meaningful. Current deferred revenue was $10.2 million in Q3 2026, which can be a sign of future revenue already booked, but it also reflects customer prepayments that must be earned over time.
  • Balance sheet leverage is modest but not zero. Total debt was about $8.5 million of short-term debt plus $0.25 million of long-term debt, so the company is not highly levered, but it still carries debt obligations.
  • Operating cash flow was negative in Q3 2026. Net cash from operating activities was -$1.34 million, which is a concern even with reported earnings growth.
  • Cash declined sharply over the last year. Cash and equivalents fell from $24.5 million in Q1 2025 to $14.7 million in Q3 2026, showing pressure on liquidity over time.
  • Working capital volatility remains high. Changes in operating assets and liabilities heavily influenced cash flow across the period, suggesting earnings are not yet translating consistently into cash.

Looking at the last four years of quarterly data, NetSol has shown lumpy but improving profitability at times, with several quarters of positive net income and operating income. That said, the company’s cash generation has been inconsistent, and some quarters show sharp swings driven by working capital, foreign exchange effects, and financing activity.

On the balance sheet, total assets were $71.9 million in Q3 2026 versus $58.1 million in Q3 2025, while total liabilities increased to $27.7 million from $19.2 million. Equity also rose, but a large accumulated other comprehensive loss and the presence of noncontrolling interests make the capital structure more complex than a simple software company balance sheet.

Bottom line: NetSol Technologies appears to be delivering better operating performance in the latest quarter, but investors should be cautious until that improvement shows up more consistently in operating cash flow. The stock may appeal to investors looking for earnings recovery, but the uneven cash conversion keeps the story from being fully de-risked.

07/18/26 01:35 AM ETAI Generated. May Contain Errors.

NetSol Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, NetSol Technologies' financial year ends in June. Their financial year 2025 ended on June 30, 2025.

NetSol Technologies' net income appears to be on an upward trend, with a most recent value of $4.57 million in 2025, falling from -$5.25 million in 2015. The previous period was $2.08 million in 2024. View NetSol Technologies' forecast to see where analysts expect NetSol Technologies to go next.

NetSol Technologies' total operating income in 2025 was $3.50 million, based on the following breakdown:
  • Total Gross Profit: $32.57 million
  • Total Operating Expenses: $29.07 million

Over the last 10 years, NetSol Technologies' total revenue changed from $51.05 million in 2015 to $66.09 million in 2025, a change of 29.5%.

NetSol Technologies' total liabilities were at $20.18 million at the end of 2025, a 18.1% decrease from 2024, and a 31.7% increase since 2015.

In the past 10 years, NetSol Technologies' cash and equivalents has ranged from $11.56 million in 2016 to $33.71 million in 2021, and is currently $17.36 million as of their latest financial filing in 2025.

Over the last 10 years, NetSol Technologies' book value per share changed from 6.15 in 2015 to 3.23 in 2025, a change of -47.4%.


Related Companies

Financial statements for NASDAQ:NTWK last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Trump's gold order: the announcement they won't put on the front page
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel
Central banks bought 710 tonnes - this fund pays monthly
Gold is hitting new highs, fueled by tariffs and record central bank demand - 710 tonnes per quarter. JPMorgan...
Investors Alley | Sponsoredtc pixel
Buy this stock today
Marc Chaikin, founder of Chaikin Analytics, is sharing a strategy he calls 'Sell This, Buy That' - a way to mo...
Chaikin Analytics | Sponsoredtc pixel
The REAL Reason Trump is Invading Iran
For a moment… Forget about Trump’s ties to Israel. Forget about reports of Iran’s nuclear program. Be...
Banyan Hill Publishing | Sponsoredtc pixel
3 AI stocks to buy before August 2026
Alexander Green bought Apple in 1996, recommended Nvidia at a split-adjusted 66 cents in 2004, and picked up A...
The Oxford Club | Sponsoredtc pixel
SPCX Warning - and Worst News for Stocks in 50 Years
Goldman Sachs and Morgan Stanley are now predicting what could be the worst news for the U.S. stock market in ...
TradeSmith | Sponsoredtc pixel
Elon’s message for America
Elon Musk bought Super Bowl ad time at $266,000 per second - something he has never done before. 125 million A...
Stansberry Research | Sponsoredtc pixel
One thing connects them all
MP Materials jumped 111% in one week. Lithium Americas surged 194% in two weeks. Trilogy Metals popped 211% ov...
Behind the Markets | Sponsoredtc pixel