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NetSol Technologies (NTWK) Financials

NetSol Technologies logo
$5.93 -0.11 (-1.82%)
Closing price 10/9/2026 04:00 PM Eastern
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$5.94 +0.01 (+0.22%)
As of 10/9/2026 07:56 PM Eastern
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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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 3.40 -4.98 4.31 8.58 0.94 1.78 -0.85 -5.24 0.68 2.92 2.95
Consolidated Net Income / (Loss)		 5.06 -1.74 7.15 12 1.19 2.26 1.10 -4.14 2.08 4.57 5.60
Net Income / (Loss) Continuing Operations		 5.06 -1.74 7.15 12 3.53 2.26 1.10 -4.14 2.08 4.57 5.60
Total Pre-Tax Income 		5.71 -0.80 8.02 13 2.33 3.29 2.09 -3.22 3.22 6.05 7.23
Total Operating Income		 6.30 -1.00 3.05 6.83 1.07 2.72 -1.08 -8.78 3.49 3.50 6.95
Total Gross Profit		 31 28 29 35 54 26 24 17 29 33 39
Total Revenue		 65 65 61 68 113 55 57 52 61 66 74
Operating Revenue		 65 65 61 68 113 55 57 52 61 66 74
Total Cost of Revenue		 34 37 32 33 59 29 34 35 32 34 35
Total Operating Expenses		 24 29 26 28 52 24 25 26 26 29 32
Selling, General & Admin Expense		 15 17 16 17 43 15 - - 24 28 31
Research & Development Expense		 0.49 0.39 0.85 1.97 1.47 0.67 1.34 1.60 1.40 1.28 0.78
Total Other Income / (Expense), net		 -0.59 0.20 4.97 6.25 2.50 0.57 3.17 5.56 -0.27 2.55 0.28
Interest Expense		 0.26 0.31 0.42 0.31 0.35 0.39 0.37 0.77 1.14 0.87 0.61
Interest & Investment Income		 -0.58 0.49 5.60 0.96 1.57 0.76 -0.37 6.93 1.91 1.87 1.07
Other Income / (Expense), net		 0.25 0.02 -0.21 5.60 1.28 0.20 3.90 -0.61 -1.04 1.55 -0.19
Income Tax Expense		 0.65 0.93 0.87 1.06 1.14 1.03 0.99 0.93 1.15 1.48 1.63
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.65 3.24 2.84 3.43 0.25 0.48 1.95 1.10 1.39 1.65 2.65
Basic Earnings per Share		 $0.33 ($0.46) $0.38 $0.74 $0.08 $0.15 ($0.08) ($0.46) $0.06 $0.25 $0.25
Weighted Average Basic Shares Outstanding		 10.39M 10.91M 11.20M 11.60M 11.73M 11.50M 11.25M 11.28M 11.38M 11.58M 11.81M
Diluted Earnings per Share		 $0.32 ($0.46) $0.38 $0.74 $0.08 $0.15 ($0.08) ($0.46) $0.06 $0.25 $0.25
Weighted Average Diluted Shares Outstanding		 10.58M 10.91M 11.20M 11.62M 11.78M 11.50M 11.25M 11.28M 11.42M 11.58M 11.83M
Weighted Average Basic & Diluted Shares Outstanding		 10.74M 11.11M 11.50M 11.66M 11.73M 11.27M 11.26M 11.35M 11.43M 11.79M 11.95M

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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.41 0.33 -0.08 0.07 -1.15 1.42 2.58 -2.36 0.25 1.30 3.76
Consolidated Net Income / (Loss)		 0.98 0.32 0.49 0.22 -1.19 1.83 3.70 -2.22 0.96 2.31 4.54
Net Income / (Loss) Continuing Operations		 0.98 0.32 0.49 0.22 -1.19 1.83 3.70 -2.22 0.96 2.31 4.54
Total Pre-Tax Income 		1.13 0.46 1.22 0.45 -0.85 1.99 4.47 -2.00 1.44 3.10 4.69
Total Operating Income		 1.03 1.32 0.80 -0.76 -0.49 1.55 3.20 -1.84 1.30 3.01 4.48
Total Gross Profit		 7.18 7.47 8.47 6.56 6.92 8.74 10 5.91 9.03 11 13
Total Revenue		 15 15 16 15 16 18 18 15 19 20 21
Operating Revenue		 15 15 16 15 16 18 18 15 19 20 21
Total Cost of Revenue		 8.06 7.99 7.98 8.03 8.62 8.80 8.06 9.10 9.78 8.80 7.54
Total Operating Expenses		 6.15 6.16 7.67 7.32 7.41 7.19 7.15 7.75 7.73 8.02 8.70
Selling, General & Admin Expense		 - - - 6.96 7.07 6.88 - 7.54 7.48 7.86 8.54
Research & Development Expense		 0.34 0.35 0.34 0.36 0.33 0.30 0.28 0.21 0.25 0.17 0.15
Total Other Income / (Expense), net		 0.11 -0.86 0.42 1.21 -0.37 0.43 1.27 -0.16 0.14 0.09 0.21
Interest Expense		 0.29 0.29 0.29 0.26 0.24 0.19 0.18 0.17 0.18 0.15 0.10
Interest & Investment Income		 0.45 -0.59 1.76 0.77 0.53 0.62 0.43 0.28 0.21 0.13 0.45
Other Income / (Expense), net		 -0.06 0.02 -1.06 0.70 -0.66 0.01 1.02 -0.27 0.11 0.11 -0.14
Income Tax Expense		 0.15 0.15 0.73 0.23 0.33 0.15 0.76 0.22 0.48 0.78 0.15
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.57 -0.01 0.57 0.15 -0.04 0.41 1.13 0.14 0.72 1.01 0.78
Basic Earnings per Share		 $0.04 $0.03 ($0.01) $0.01 ($0.10) $0.12 $0.22 ($0.20) $0.02 $0.11 $0.32
Weighted Average Basic Shares Outstanding		 11.37M 11.39M 11.38M 11.43M 11.48M 11.68M 11.58M 11.77M 11.80M 11.82M 11.81M
Diluted Earnings per Share		 $0.04 $0.03 ($0.01) $0.01 ($0.10) $0.12 $0.22 ($0.20) $0.02 $0.11 $0.32
Weighted Average Diluted Shares Outstanding		 11.37M 11.43M 11.42M 11.48M 11.48M 11.68M 11.58M 11.77M 11.81M 11.84M 11.83M
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 11.95M

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 -2.61 2.62 7.92 1.30 3.62 14 -9.74 -8.43 3.59 -1.77 9.77
Net Cash From Operating Activities		 1.66 0.45 16 4.93 3.97 16 3.06 2.01 2.91 0.45 14
Net Cash From Continuing Operating Activities		 1.66 0.45 16 4.93 3.97 16 3.06 2.01 2.91 0.45 14
Net Income / (Loss) Continuing Operations		 5.06 -1.74 7.15 12 1.19 2.26 1.10 -4.14 2.08 4.57 5.60
Consolidated Net Income / (Loss)		 5.06 -1.74 7.15 12 1.19 2.26 1.10 -4.14 2.08 4.57 5.60
Depreciation Expense		 7.15 6.56 5.57 4.42 3.73 3.96 3.81 3.24 1.72 1.46 1.24
Non-Cash Adjustments To Reconcile Net Income		 0.86 4.41 9.62 -8.48 -1.57 2.83 1.29 5.67 -1.03 -11 8.08
Changes in Operating Assets and Liabilities, net		 -11 -8.78 -6.62 -3.03 0.62 6.68 -3.15 -2.76 0.14 5.27 -1.03
Net Cash From Investing Activities		 -3.67 -2.73 -3.69 -3.65 -2.05 -2.52 -2.26 -1.40 -0.29 -1.27 -4.58
Net Cash From Continuing Investing Activities		 -3.67 -2.73 -3.69 -3.65 -2.05 -2.52 -2.26 -1.40 -0.29 -1.27 -4.58
Purchase of Property, Plant & Equipment		 -3.34 -2.20 -2.45 -2.73 -1.38 -2.55 -2.61 -1.64 -0.52 -1.38 -4.69
Purchase of Investments		 -0.56 -1.11 -0.26 -0.57 -0.18 -0.16 - - - -0.01 0.03
Sale of Property, Plant & Equipment		 0.99 0.78 0.94 1.17 0.11 0.19 0.35 0.24 0.22 0.12 0.09
Net Cash From Financing Activities		 0.60 4.38 -1.02 0.02 1.70 -1.17 -1.38 -0.72 0.24 0.82 0.27
Net Cash From Continuing Financing Activities		 0.60 4.38 -1.02 0.02 1.70 -1.17 -1.38 -0.72 0.24 0.82 0.27
Repayment of Debt		 -0.95 -0.55 -1.63 -0.48 -0.61 -0.70 -1.27 -0.93 -0.52 -0.77 -1.19
Repurchase of Common Equity		 - -0.04 -0.75 -0.25 0.00 -2.36 -0.10 -0.06 0.00 -1.50 0.00
Payment of Dividends		 -1.00 -2.16 -0.42 -0.57 -1.92 - - - 0.00 -0.31 0.00
Issuance of Debt		 1.33 6.18 1.46 1.23 4.22 1.90 0.94 0.27 0.76 2.92 1.04
Other Financing Activities, net		 1.15 0.94 0.32 0.09 0.01 0.00 -0.95 - 0.00 0.49 0.41
Effect of Exchange Rate Changes		 -1.20 0.51 - - - 1.50 -9.16 -8.32 0.74 -1.76 0.19
Cash Interest Paid		 0.25 0.23 0.39 0.29 0.36 0.46 0.43 0.68 1.58 0.84 0.72
Cash Income Taxes Paid		 0.39 0.20 0.70 0.85 1.03 0.60 1.23 0.98 0.70 1.41 1.52

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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 -0.89 -3.32 6.79 5.40 -3.26 -2.50 -1.42 5.33 -4.56 -3.39 12
Net Cash From Operating Activities		 -1.06 -4.21 6.51 5.52 -5.15 -0.36 0.44 5.30 -4.75 -1.34 15
Net Cash From Continuing Operating Activities		 -1.06 -4.21 6.51 5.52 -5.15 -0.36 0.44 5.30 -4.75 -1.34 15
Net Income / (Loss) Continuing Operations		 0.98 0.32 0.49 0.22 -1.19 1.83 3.70 -2.22 0.96 2.31 4.54
Consolidated Net Income / (Loss)		 0.98 0.32 0.49 0.22 -1.19 1.83 3.70 -2.22 0.96 2.31 4.54
Depreciation Expense		 0.43 0.39 0.37 0.37 0.37 0.36 0.36 0.32 0.30 0.31 0.31
Non-Cash Adjustments To Reconcile Net Income		 0.07 0.13 -1.30 1.22 2.01 -3.48 -5.77 4.41 -2.72 -2.78 9.18
Changes in Operating Assets and Liabilities, net		 -2.54 -5.04 6.95 3.71 -6.35 0.92 2.15 2.79 -3.29 -1.18 0.65
Net Cash From Investing Activities		 -0.20 -0.25 0.53 -0.11 -0.42 -0.31 -0.43 -0.44 -0.31 -1.55 -2.27
Net Cash From Continuing Investing Activities		 -0.20 -0.25 0.53 -0.11 -0.42 -0.31 -0.43 -0.44 -0.31 -1.55 -2.27
Purchase of Property, Plant & Equipment		 -0.20 -0.38 0.43 -0.10 -0.47 -0.33 -0.49 -0.49 -0.37 -1.56 -2.27
Sale of Property, Plant & Equipment		 0.00 0.12 0.10 0.00 0.05 0.02 0.05 0.02 0.06 0.01 0.00
Net Cash From Financing Activities		 0.02 0.06 0.21 0.15 2.48 -1.77 -0.04 0.19 0.53 -0.36 -0.10
Net Cash From Continuing Financing Activities		 0.02 0.06 0.21 0.15 2.48 -1.77 -0.04 0.19 0.53 -0.36 -0.10
Repayment of Debt		 -0.12 -0.14 -0.21 -0.12 -0.04 -0.09 -0.53 -0.12 -0.31 -0.67 -0.10
Issuance of Debt		 0.14 0.21 0.42 0.25 2.43 -0.23 0.47 0.24 0.55 0.28 -0.03
Other Financing Activities, net		 - - - 0.02 0.41 0.04 0.01 0.06 0.29 0.03 0.03
Effect of Exchange Rate Changes		 0.35 1.08 -0.46 -0.16 -0.17 -0.05 -1.38 0.28 -0.03 -0.14 0.08
Cash Interest Paid		 0.36 - - 0.29 0.22 0.12 - 0.17 0.30 0.15 0.10
Cash Income Taxes Paid		 0.23 - - 0.26 0.68 0.24 - 0.10 0.24 0.65 0.52

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 6/30/2026
Total Assets		 93 100 - 87 88 87 73 58 64 62 78
Total Current Assets		 40 44 - 51 52 56 49 42 47 46 57
Cash & Equivalents		 12 14 22 17 20 34 24 16 19 17 27
Accounts Receivable		 26 27 16 16 11 19 8.67 12 13 7.53 10
Other Current Assets		 3.02 2.54 2.70 18 20 3.01 17 14 15 21 19
Plant, Property, & Equipment, net		 23 20 16 12 11 12 9.38 6.16 5.11 5.07 5.68
Total Noncurrent Assets		 30 35 - 24 25 19 14 11 12 11 15
Goodwill		 9.52 9.52 9.52 9.52 9.52 9.52 9.30 9.30 9.30 9.30 9.30
Intangible Assets		 20 17 12 7.33 5.39 3.90 1.59 0.13 - 0.00 2.69
Other Noncurrent Operating Assets		 0.93 5.42 0.07 1.31 3.70 2.36 1.85 1.18 2.31 1.75 3.31
Total Liabilities & Shareholders' Equity		 93 100 - 87 88 87 73 58 64 62 78
Total Liabilities		 16 21 - 21 23 25 22 22 25 20 28
Total Current Liabilities		 15 21 - 20 20 23 21 21 24 20 28
Short-Term Debt		 4.44 10 8.60 0.00 - 0.86 8.57 5.78 6.28 8.24 8.19
Accounts Payable		 5.96 6.88 7.87 7.48 5.77 6.70 6.81 6.55 8.23 8.01 8.71
Current Deferred Revenue		 4.74 3.93 - 5.98 4.10 4.56 4.90 7.93 8.75 3.03 10
Other Current Liabilities		 0.09 0.09 0.09 6.99 10 11 0.55 0.51 0.61 0.43 0.45
Total Noncurrent Liabilities		 0.48 0.37 - 0.56 2.88 1.26 0.92 0.83 0.78 0.47 0.64
Long-Term Debt		 0.48 0.37 - - - - 0.48 0.18 0.10 0.13 0.21
Other Noncurrent Operating Liabilities		 - - - 0.56 2.88 1.26 0.45 0.65 0.69 0.33 0.43
Total Equity & Noncontrolling Interests		 78 78 - 66 65 62 51 37 40 42 50
Total Preferred & Common Equity		 64 63 - 58 59 55 45 34 35 38 42
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		 64 63 - 58 59 55 45 34 35 38 42
Common Stock		 121 124 126 128 129 129 128 129 129 130 130
Retained Earnings		 -37 -42 - -35 -34 -39 -40 -45 -44 -41 -38
Treasury Stock		 -0.42 -0.45 -1.21 -1.46 -1.46 -3.82 -3.92 -3.92 -3.92 -3.92 -3.92
Accumulated Other Comprehensive Income / (Loss)		 -19 -18 -24 -33 -34 -32 -39 -46 -46 -47 -46
Noncontrolling Interest		 13 15 - 8.41 6.49 7.22 5.45 2.98 4.69 4.43 7.97

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 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 11,876,414.00
DEI Adjusted Shares Outstanding		 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 11,876,414.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.00 0.74 0.08 0.16 -0.08 -0.46 0.06 0.25 0.25
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 26.45% 1.26% -6.79% 11.31% 66.24% -51.29% 4.24% -8.48% 17.18% 7.65% 12.53%
EBITDA Growth		 136.36% -59.27% 50.79% 100.28% -63.92% 13.04% -3.46% -192.52% 168.00% 55.92% 22.84%
EBIT Growth		 244.08% -114.98% 389.79% 337.32% -81.10% 24.21% -3.21% -432.21% 126.15% 105.66% 33.93%
NOPAT Growth		 254.35% -112.56% 488.46% 130.51% -91.29% 242.21% -130.35% -981.99% 136.64% 17.53% 103.24%
Net Income Growth		 196.34% -134.34% 511.76% 68.08% -90.08% 89.73% -51.33% -476.50% 150.14% 119.97% 22.42%
EPS Growth		 156.14% -243.75% 182.61% 94.74% -89.19% 87.50% -153.33% -475.00% 113.04% 316.67% 0.00%
Operating Cash Flow Growth		 -67.33% -72.61% 3,358.52% -68.61% -19.48% 295.88% -80.54% -34.34% 44.78% -84.63% 3,004.23%
Free Cash Flow Firm Growth		 -135.15% 24.32% 1,957.38% -53.46% -62.23% 363.05% -150.60% 115.91% 75.73% -243.78% 302.82%
Invested Capital Growth		 11.35% 0.78% -28.71% -8.92% -7.62% -39.75% 34.85% -21.99% -1.57% 24.27% -7.31%
Revenue Q/Q Growth		 6.05% -6.57% 3.64% 33.63% 0.00% -59.52% 23.32% -2.40% 7.33% 3.06% 3.20%
EBITDA Q/Q Growth		 18.40% -54.66% 27.21% 3,200.38% 0.00% -22.98% -10.07% -1,977.51% 343.91% 101.77% -4.84%
EBIT Q/Q Growth		 118.56% -117.33% 305.86% 1,489.84% 0.00% -42.93% -18.13% -199.38% 164.78% 187.71% -4.95%
NOPAT Q/Q Growth		 134.94% -115.43% 352.92% 58.27% 0.00% 0.29% -141.49% -488.02% 230.87% 394.45% 39.68%
Net Income Q/Q Growth		 102.07% -149.53% 106.71% 73.91% 0.00% 50.14% -78.68% -1,688.75% 144.34% 237.56% 17.45%
EPS Q/Q Growth		 433.33% -2,400.00% 0.00% 146.67% 0.00% 66.67% -127.59% -170.59% 113.95% 2,400.00% 66.67%
Operating Cash Flow Q/Q Growth		 -54.46% 130.49% 232.58% -63.36% 0.00% 12.74% -71.83% 1,923.94% 169.98% -93.14% 4,131.43%
Free Cash Flow Firm Q/Q Growth		 -196.42% 78.38% 1,361.97% -47.05% -93.07% 171.78% -308.84% 122.06% 165.02% -174.76% 242.02%
Invested Capital Q/Q Growth		 4.68% -8.46% -32.43% -21.27% 0.00% -8.42% 39.38% -11.92% -19.55% 16.07% -18.87%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 47.72% 43.46% 47.94% 51.44% 47.83% 47.98% 41.46% 32.29% 47.70% 49.29% 52.64%
EBITDA Margin		 21.23% 8.54% 13.81% 24.85% 5.39% 12.52% 11.59% -11.72% 6.80% 9.85% 10.75%
Operating Margin		 9.76% -1.53% 5.01% 10.07% 0.95% 4.95% -1.88% -16.76% 5.69% 5.30% 9.34%
EBIT Margin		 10.15% -1.50% 4.67% 18.33% 2.08% 5.31% 4.93% -17.91% 4.00% 7.64% 9.09%
Profit (Net Income) Margin		 7.83% -2.66% 11.73% 17.72% 1.06% 4.12% 1.92% -7.91% 3.38% 6.92% 7.52%
Tax Burden Percent		 88.57% 215.84% 89.12% 91.91% 51.09% 68.78% 52.68% 128.79% 64.46% 75.59% 77.44%
Interest Burden Percent		 87.16% 82.01% 282.22% 105.17% 99.28% 112.65% 73.97% 34.29% 131.34% 119.81% 106.89%
Effective Tax Rate		 11.43% 0.00% 10.88% 8.09% 48.91% 31.22% 47.32% 0.00% 35.54% 24.41% 22.56%
Return on Invested Capital (ROIC)		 8.28% -0.98% 4.44% 12.88% 1.22% 5.44% -1.87% -19.80% 8.34% 8.81% 16.78%
ROIC Less NNEP Spread (ROIC-NNEP)		 14.63% 14.61% 24.40% 49.93% -1.81% 4.11% -8.29% -35.46% 9.90% -8.89% 15.22%
Return on Net Nonoperating Assets (RNNOA)		 -1.60% -1.25% 13.85% 23.28% 0.58% -1.89% 3.82% 10.34% -2.90% 2.36% -4.59%
Return on Equity (ROE)		 6.69% -2.23% 18.29% 36.15% 1.81% 3.55% 1.95% -9.46% 5.45% 11.18% 12.19%
Cash Return on Invested Capital (CROIC)		 -2.46% -1.76% 37.96% 22.21% 9.15% 55.05% -31.55% 4.91% 9.92% -12.83% 24.36%
Operating Return on Assets (OROA)		 7.19% -1.02% 5.70% 28.42% 2.67% 3.33% 3.55% -14.33% 4.01% 7.97% 9.64%
Return on Assets (ROA)		 5.55% -1.80% 14.35% 27.47% 1.35% 2.58% 1.38% -6.33% 3.39% 7.22% 7.98%
Return on Common Equity (ROCE)		 5.48% -1.83% 14.83% 31.58% 1.60% 3.17% 1.73% -8.55% 4.90% 9.93% 10.54%
Return on Equity Simple (ROE_SIMPLE)		 7.86% -2.74% 0.00% 20.70% 2.02% 4.14% 2.42% -12.26% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 5.58 -0.70 2.72 6.28 0.55 1.87 -0.57 -6.15 2.25 2.65 5.38
NOPAT Margin		 8.65% -1.07% 4.47% 9.25% 0.49% 3.41% -0.99% -11.73% 3.67% 4.01% 7.23%
Net Nonoperating Expense Percent (NNEP)		 -6.35% -15.60% -19.96% -37.05% 3.03% 1.33% 6.42% 15.66% -1.56% 17.70% 1.56%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 4.91% 5.23% 9.28%
Cost of Revenue to Revenue		 52.28% 56.54% 52.07% 48.56% 52.17% 52.02% 58.54% 67.71% 52.30% 50.71% 47.36%
SG&A Expenses to Revenue		 22.82% 25.62% 26.68% 25.59% 38.17% 28.11% 0.00% 0.00% 39.73% 42.06% 42.25%
R&D to Revenue		 0.75% 0.60% 1.40% 2.91% 1.30% 1.23% 2.34% 3.06% 2.28% 1.93% 1.05%
Operating Expenses to Revenue		 37.95% 44.99% 42.92% 41.37% 45.91% 43.03% 43.35% 49.04% 42.01% 43.99% 43.30%
Earnings before Interest and Taxes (EBIT)		 6.55 -0.98 2.84 12 2.35 2.92 2.83 -9.39 2.45 5.05 6.76
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 14 5.58 8.42 17 6.08 6.88 6.64 -6.14 4.18 6.51 8.00
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 1.12 0.54 0.97 0.79 0.79 0.83 0.96 1.32
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 1.58 0.72 1.29 1.04 1.09 1.13 1.28 1.85
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.96 0.28 0.97 0.63 0.51 0.47 0.55 0.74
Price to Earnings (P/E)		 0.00 0.00 0.00 7.60 33.97 29.95 0.00 0.00 42.36 12.46 18.60
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% 13.15% 2.94% 3.34% 0.00% 0.00% 2.36% 8.03% 5.38%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 1.15 0.37 0.95 0.73 0.74 0.78 0.96 1.43
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.79 0.14 0.45 0.44 0.38 0.34 0.48 0.59
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 3.18 2.59 3.56 3.81 0.00 5.01 4.89 5.52
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 4.32 6.71 8.38 8.96 0.00 8.52 6.31 6.53
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 8.55 28.84 13.07 0.00 0.00 9.28 12.04 8.20
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 10.87 3.97 1.56 8.27 9.98 7.19 71.23 3.18
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 4.96 3.86 1.29 0.00 13.16 7.81 0.00 5.65
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.06 0.14 0.00 0.00 0.00 0.01 0.18 0.16 0.16 0.20 0.17
Long-Term Debt to Equity		 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00
Financial Leverage		 -0.11 -0.09 0.57 0.47 -0.32 -0.46 -0.46 -0.29 -0.29 -0.27 -0.30
Leverage Ratio		 1.21 1.24 1.27 1.32 1.33 1.37 1.41 1.49 1.61 1.55 1.53
Compound Leverage Factor		 1.05 1.02 3.60 1.38 1.32 1.55 1.04 0.51 2.11 1.85 1.63
Debt to Total Capital		 5.96% 11.93% 100.00% 0.00% 0.00% 1.37% 15.10% 13.94% 13.88% 16.54% 14.49%
Short-Term Debt to Total Capital		 5.38% 11.51% 100.00% 0.00% 0.00% 1.37% 14.30% 13.52% 13.67% 16.27% 14.12%
Long-Term Debt to Total Capital		 0.58% 0.41% 0.00% 0.00% 0.00% 0.00% 0.80% 0.41% 0.21% 0.27% 0.37%
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		 16.16% 16.67% 0.00% 12.66% 9.91% 11.50% 9.10% 6.96% 10.23% 8.74% 13.76%
Common Equity to Total Capital		 77.89% 71.40% 0.00% 87.34% 90.09% 87.13% 75.80% 79.10% 75.89% 74.72% 71.75%
Debt to EBITDA		 0.36 1.90 1.02 0.00 0.00 0.12 1.36 -0.97 1.53 1.29 1.05
Net Debt to EBITDA		 -0.48 -1.19 -1.99 0.00 0.00 -5.24 -2.41 1.56 -3.05 -1.38 -2.34
Long-Term Debt to EBITDA		 0.03 0.07 0.00 0.00 0.00 0.00 0.07 -0.03 0.02 0.02 0.03
Debt to NOPAT		 0.88 -15.11 3.16 0.00 0.00 0.46 -15.92 -0.97 2.83 3.16 1.56
Net Debt to NOPAT		 -1.19 9.47 -6.14 0.00 0.00 -19.24 28.13 1.56 -5.66 -3.39 -3.48
Long-Term Debt to NOPAT		 0.09 -0.52 0.00 0.00 0.00 0.00 -0.84 -0.03 0.04 0.05 0.04
Altman Z-Score		 0.00 0.00 0.00 2.96 2.08 1.85 1.61 0.46 1.26 1.99 2.17
Noncontrolling Interest Sharing Ratio		 17.97% 18.06% 18.93% 12.66% 11.29% 10.76% 11.24% 9.61% 10.05% 11.15% 13.50%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.66 2.10 0.00 2.49 2.58 2.37 2.37 2.00 1.99 2.35 2.06
Quick Ratio		 2.46 1.98 0.00 1.61 1.57 2.24 1.57 1.31 1.35 1.26 1.35
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1.65 -1.25 23 11 4.09 19 -9.58 1.52 2.68 -3.85 7.81
Operating Cash Flow to CapEx		 70.61% 31.95% 1,043.31% 317.11% 312.55% 665.49% 135.42% 143.62% 997.94% 35.33% 301.40%
Free Cash Flow to Firm to Interest Expense		 -6.26 -4.04 55.08 34.72 11.79 48.01 -25.91 1.99 2.35 -4.42 12.90
Operating Cash Flow to Interest Expense		 6.27 1.47 37.21 15.82 11.45 39.88 8.28 2.63 2.55 0.51 22.93
Operating Cash Flow Less CapEx to Interest Expense		 -2.61 -3.12 33.64 10.83 7.79 33.89 2.16 0.80 2.29 -0.94 15.32
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.71 0.68 1.22 1.55 1.28 0.63 0.72 0.80 1.00 1.04 1.06
Accounts Receivable Turnover		 3.14 2.46 2.80 4.27 8.34 3.63 4.16 5.14 4.96 6.42 8.35
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		 2.70 3.03 3.34 4.80 9.63 4.69 5.33 6.74 10.90 12.98 13.83
Accounts Payable Turnover		 5.66 5.76 4.30 4.29 8.88 4.58 4.96 5.31 4.34 4.13 4.21
Days Sales Outstanding (DSO)		 116.20 148.62 130.31 85.44 43.74 100.64 87.77 71.00 73.61 56.82 43.71
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)		 64.43 63.42 84.88 85.07 41.10 79.63 73.57 68.75 84.03 88.45 86.62
Cash Conversion Cycle (CCC)		 51.76 85.20 45.43 0.37 2.64 21.01 14.20 2.25 -10.42 -31.63 -42.91
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 71 72 51 46 43 26 35 27 27 33 31
Invested Capital Turnover		 0.96 0.92 0.99 1.39 2.52 1.60 1.89 1.69 2.27 2.20 2.32
Increase / (Decrease) in Invested Capital		 7.24 0.55 -21 -4.55 -3.54 -17 9.01 -7.67 -0.43 6.50 -2.43
Enterprise Value (EV)		 0.00 0.00 0.00 54 16 24 25 20 21 32 44
Market Capitalization		 0.00 0.00 0.00 65 32 53 36 27 29 36 55
Book Value per Share		 $6.19 $5.81 $0.00 $4.97 $5.00 $4.83 $4.04 $2.99 $3.05 $3.23 $3.50
Tangible Book Value per Share		 $3.38 $3.38 $0.00 $3.53 $3.74 $3.65 $3.07 $2.16 $2.24 $2.44 $2.49
Total Capital		 83 89 8.60 66 65 63 60 43 46 51 58
Total Debt		 4.92 11 8.60 0.00 0.00 0.86 9.04 5.96 6.37 8.37 8.40
Total Long-Term Debt		 0.48 0.37 0.00 0.00 0.00 0.00 0.48 0.18 0.10 0.13 0.21
Net Debt		 -6.64 -6.64 -17 -20 -23 -36 -16 -9.58 -13 -8.98 -19
Capital Expenditures (CapEx)		 2.35 1.42 1.51 1.56 1.27 2.36 2.26 1.40 0.29 1.27 4.61
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 18 19 -13 13 12 -0.75 13 11 11 17 10
Debt-free Net Working Capital (DFNWC)		 30 33 8.60 30 32 33 37 27 30 35 37
Net Working Capital (NWC)		 25 23 0.00 30 32 32 29 21 24 27 29
Net Nonoperating Expense (NNE)		 0.52 1.04 -4.43 -5.74 -0.65 -0.39 -1.67 -2.00 0.17 -1.92 -0.22
Net Nonoperating Obligations (NNO)		 -6.64 -6.64 51 -20 -23 -36 -16 -9.58 -13 -8.98 -19
Total Depreciation and Amortization (D&A)		 7.15 6.56 5.57 4.42 3.73 3.96 3.81 3.24 1.72 1.46 1.24
Debt-free, Cash-free Net Working Capital to Revenue		 28.05% 29.38% -22.14% 19.36% 10.30% -1.36% 23.06% 21.15% 17.50% 26.46% 13.84%
Debt-free Net Working Capital to Revenue		 45.95% 51.06% 14.11% 44.96% 28.19% 60.01% 64.92% 50.80% 48.65% 52.73% 50.31%
Net Working Capital to Revenue		 39.07% 35.42% 0.00% 44.96% 28.19% 58.45% 49.95% 39.77% 38.43% 40.26% 39.30%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.33 ($0.46) $0.38 $0.90 $0.08 $0.15 ($0.08) ($0.46) $0.06 $0.25 $0.25
Adjusted Weighted Average Basic Shares Outstanding		 10.39M 10.91M 11.20M 11.60M 11.73M 11.50M 11.25M 11.28M 11.38M 11.58M 11.81M
Adjusted Diluted Earnings per Share		 $0.32 ($0.46) $0.38 $0.90 $0.08 $0.15 ($0.08) ($0.46) $0.06 $0.25 $0.25
Adjusted Weighted Average Diluted Shares Outstanding		 10.58M 10.91M 11.20M 11.62M 11.78M 11.50M 11.25M 11.28M 11.42M 11.58M 11.83M
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		 10.74M 11.11M 11.50M 11.66M 11.73M 11.27M 11.26M 11.35M 11.43M 11.79M 11.95M
Normalized Net Operating Profit after Tax (NOPAT)		 5.58 -0.70 2.72 6.28 0.54 1.87 -0.57 -6.15 2.25 2.65 5.38
Normalized NOPAT Margin		 8.65% -1.07% 4.47% 9.25% 0.47% 3.41% -0.99% -11.73% 3.67% 4.01% 7.23%
Pre Tax Income Margin		 8.85% -1.23% 13.17% 19.28% 2.07% 5.99% 3.65% -6.14% 5.25% 9.15% 9.72%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 24.76 -3.16 6.73 39.87 6.78 7.40 7.64 -12.27 2.15 5.79 11.16
NOPAT to Interest Expense		 21.10 -2.26 6.45 20.13 1.58 4.75 -1.54 -8.03 1.97 3.04 8.88
EBIT Less CapEx to Interest Expense		 15.88 -7.75 3.16 34.88 3.11 1.41 1.53 -14.10 1.89 4.34 3.56
NOPAT Less CapEx to Interest Expense		 12.22 -6.85 2.88 15.14 -2.09 -1.25 -7.65 -9.86 1.72 1.58 1.28
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 19.85% -124.18% 5.84% 4.71% 161.12% 0.00% 0.00% 0.00% 0.00% 6.71% 0.00%
Augmented Payout Ratio		 19.85% -126.42% 16.34% 6.80% 161.12% 104.56% 9.09% -1.47% 0.00% 39.61% 0.00%

Quarterly Metrics And Ratios for NetSol Technologies

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 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 11,876,414.00
DEI Adjusted Shares Outstanding		 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 11,876,414.00
DEI Earnings Per Adjusted Shares Outstanding		 0.04 0.03 -0.01 0.01 -0.10 0.12 0.22 -0.20 0.02 0.11 0.32
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 22.98% 14.50% 19.28% 2.50% 1.96% 13.45% 11.92% 2.83% 21.06% 13.05% 12.54%
EBITDA Growth		 199.69% 922.60% 102.23% -67.86% -155.39% 11.38% 4,165.78% -690.76% 320.67% 77.55% -8.05%
EBIT Growth		 142.25% 234.85% 95.25% -115.70% -218.33% 16.77% 1,702.19% -3,187.41% 222.88% 99.16% -7.49%
NOPAT Growth		 141.77% 201.94% 115.76% -249.63% -138.26% 59.41% 726.23% -248.06% 354.35% 56.62% 63.55%
Net Income Growth		 140.92% -92.55% 108.80% -25.20% -220.69% 480.75% 658.94% -1,118.50% 181.10% 26.18% 22.44%
EPS Growth		 121.05% -86.96% 97.73% 100.00% -350.00% 300.00% 2,300.00% -3,433.33% 120.00% -8.33% 45.45%
Operating Cash Flow Growth		 -371.05% -580.80% 1,273.24% 231.67% -386.15% 91.36% -93.23% -3.88% 7.76% -268.80% 3,226.79%
Free Cash Flow Firm Growth		 399.56% 77.79% -86.74% -184.26% 26.75% 503.78% -615.16% 73.25% -326.56% -217.40% 275.78%
Invested Capital Growth		 -3.61% 7.77% -1.57% 0.00% -9.82% -13.87% 24.27% 21.29% 25.03% 32.62% -7.31%
Revenue Q/Q Growth		 6.99% 1.49% 6.36% -11.25% 6.43% 12.92% 4.93% -18.45% 25.29% 5.45% 4.47%
EBITDA Q/Q Growth		 48.91% 23.75% -93.80% 181.23% -356.63% 348.84% 103.57% -138.95% 195.86% 100.22% 35.84%
EBIT Q/Q Growth		 137.33% 38.16% -119.65% 75.64% -1,689.21% 236.34% 123.63% -149.98% 166.88% 120.99% 39.40%
NOPAT Q/Q Growth		 260.46% 1.05% -64.38% -215.32% 7.82% 520.99% 84.63% -148.58% 167.36% 159.24% 92.80%
Net Income Q/Q Growth		 237.66% -67.86% 54.55% -55.40% -644.86% 254.65% 101.97% -159.85% 143.39% 140.60% 95.98%
EPS Q/Q Growth		 1,233.33% -25.00% -133.33% 160.00% -1,766.67% 220.00% 83.33% -190.91% 110.00% 450.00% 190.91%
Operating Cash Flow Q/Q Growth		 -163.65% -297.32% 254.78% -15.27% -193.30% 92.94% 221.34% 1,102.75% -189.54% 71.78% 1,194.55%
Free Cash Flow Firm Q/Q Growth		 -92.48% -175.90% 149.85% -3,060.96% 111.31% 141.78% -163.60% -53.77% 4.19% -25.29% 195.23%
Invested Capital Q/Q Growth		 0.00% 14.93% -19.55% -18.77% 20.07% 9.77% 16.07% -20.72% 23.77% 16.43% -18.87%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 47.09% 48.34% 51.51% 44.96% 44.54% 49.83% 56.21% 39.38% 48.01% 55.61% 63.60%
EBITDA Margin		 9.18% 11.19% 0.65% 2.07% -4.99% 10.99% 24.87% -11.88% 9.09% 17.26% 22.44%
Operating Margin		 6.74% 8.52% 4.85% -5.21% -3.13% 8.85% 17.36% -12.25% 6.91% 15.16% 21.62%
EBIT Margin		 6.36% 8.66% -1.60% -0.44% -7.38% 8.92% 22.91% -14.04% 7.50% 15.71% 20.96%
Profit (Net Income) Margin		 6.45% 2.04% 2.97% 1.49% -7.63% 10.46% 20.13% -14.77% 5.11% 11.67% 21.89%
Tax Burden Percent		 86.75% 68.31% 40.17% 48.65% 138.80% 92.38% 82.91% 110.78% 66.70% 74.77% 96.73%
Interest Burden Percent		 116.85% 34.52% -461.66% -697.93% 74.49% 126.95% 105.96% 94.95% 102.31% 99.37% 107.98%
Effective Tax Rate		 13.25% 31.69% 59.83% 51.35% 0.00% 7.62% 17.09% 0.00% 33.30% 25.24% 3.27%
Return on Invested Capital (ROIC)		 11.25% 10.38% 4.43% -14.38% -4.94% 16.93% 31.68% -23.69% 10.95% 24.49% 48.52%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.48% 17.55% 2.93% -20.91% 2.75% 12.06% 21.96% -17.90% 10.07% 23.68% 47.05%
Return on Net Nonoperating Assets (RNNOA)		 -3.02% -3.55% -0.86% 9.47% -0.78% -2.52% -5.84% 7.17% -2.71% -4.69% -14.20%
Return on Equity (ROE)		 8.23% 6.82% 3.58% -4.92% -5.73% 14.41% 25.84% -16.53% 8.23% 19.80% 34.32%
Cash Return on Invested Capital (CROIC)		 4.01% -12.84% 9.92% -186.52% 9.92% 16.63% -12.83% -13.27% -11.83% -16.50% 24.36%
Operating Return on Assets (OROA)		 5.91% 8.07% -1.60% -0.43% -7.86% 9.42% 23.91% -14.89% 8.59% 17.41% 22.23%
Return on Assets (ROA)		 5.99% 1.90% 2.97% 1.47% -8.13% 11.04% 21.01% -15.66% 5.86% 12.93% 23.22%
Return on Common Equity (ROCE)		 7.42% 6.19% 3.22% -4.29% -5.08% 13.02% 22.96% -14.52% 7.15% 17.29% 29.69%
Return on Equity Simple (ROE_SIMPLE)		 -0.09% -13.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.89 0.90 0.32 -0.37 -0.34 1.44 2.65 -1.29 0.87 2.25 4.33
NOPAT Margin		 5.85% 5.82% 1.95% -2.53% -2.19% 8.18% 14.39% -8.57% 4.61% 11.33% 20.91%
Net Nonoperating Expense Percent (NNEP)		 0.77% -7.17% 1.50% 6.53% -7.69% 4.87% 9.71% -5.79% 0.88% 0.81% 1.47%
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% 7.48%
Cost of Revenue to Revenue		 52.91% 51.66% 48.49% 55.04% 55.46% 50.17% 43.79% 60.62% 51.99% 44.39% 36.40%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 47.71% 45.53% 39.24% 0.00% 50.20% 39.78% 39.61% 41.24%
R&D to Revenue		 2.24% 2.23% 2.05% 2.47% 2.15% 1.74% 1.51% 1.43% 1.32% 0.84% 0.74%
Operating Expenses to Revenue		 40.35% 39.81% 46.66% 50.17% 47.68% 40.97% 38.86% 51.63% 41.10% 40.45% 41.98%
Earnings before Interest and Taxes (EBIT)		 0.97 1.34 -0.26 -0.06 -1.15 1.56 4.22 -2.11 1.41 3.12 4.34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.40 1.73 0.11 0.30 -0.77 1.93 4.58 -1.78 1.71 3.42 4.65
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.73 0.89 0.83 0.94 0.89 0.80 0.96 1.56 0.99 1.08 1.32
Price to Tangible Book Value (P/TBV)		 0.99 1.21 1.13 1.28 1.22 1.08 1.28 2.11 1.34 1.49 1.85
Price to Revenue (P/Rev)		 0.44 0.55 0.47 0.53 0.48 0.44 0.55 0.84 0.51 0.56 0.74
Price to Earnings (P/E)		 0.00 0.00 42.36 45.01 0.00 106.64 12.46 113.06 18.92 22.68 18.60
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% 2.36% 2.22% 0.00% 0.94% 8.03% 0.88% 5.28% 4.41% 5.38%
Enterprise Value to Invested Capital (EV/IC)		 0.67 0.89 0.78 0.90 0.85 0.75 0.96 1.77 0.99 1.08 1.43
Enterprise Value to Revenue (EV/Rev)		 0.34 0.52 0.34 0.32 0.36 0.33 0.48 0.70 0.47 0.57 0.59
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 5.01 5.54 16.30 13.73 4.89 10.52 4.70 4.87 5.52
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 8.52 9.89 0.00 239.43 6.31 15.50 5.84 5.75 6.53
Enterprise Value to NOPAT (EV/NOPAT)		 195.24 0.00 9.28 13.37 0.00 40.08 12.04 32.38 10.61 10.62 8.20
Enterprise Value to Operating Cash Flow (EV/OCF)		 21.11 0.00 7.19 2.90 8.32 3.29 71.23 199.79 51.32 0.00 3.18
Enterprise Value to Free Cash Flow (EV/FCFF)		 16.49 0.00 7.81 0.00 8.15 4.17 0.00 0.00 0.00 0.00 5.65
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.16 0.16 0.16 0.16 0.23 0.22 0.20 0.21 0.21 0.19 0.17
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.00
Financial Leverage		 -0.29 -0.20 -0.29 -0.45 -0.29 -0.21 -0.27 -0.40 -0.27 -0.20 -0.30
Leverage Ratio		 1.48 1.53 1.61 1.58 1.51 1.55 1.55 1.56 1.51 1.56 1.53
Compound Leverage Factor		 1.72 0.53 -7.41 -11.03 1.13 1.97 1.64 1.48 1.55 1.55 1.65
Debt to Total Capital		 13.63% 13.54% 13.88% 14.13% 18.72% 18.02% 16.54% 17.42% 17.42% 16.09% 14.49%
Short-Term Debt to Total Capital		 13.41% 13.26% 13.67% 13.92% 18.54% 17.83% 16.27% 16.98% 16.76% 15.62% 14.12%
Long-Term Debt to Total Capital		 0.22% 0.29% 0.21% 0.20% 0.18% 0.18% 0.27% 0.44% 0.66% 0.47% 0.37%
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		 9.13% 9.08% 10.23% 10.84% 9.69% 7.25% 8.74% 9.64% 11.81% 13.45% 13.76%
Common Equity to Total Capital		 77.24% 77.38% 75.89% 75.03% 71.59% 74.73% 74.72% 72.94% 70.77% 70.46% 71.75%
Debt to EBITDA		 -2.26 -3.61 1.53 1.85 6.50 5.47 1.29 1.93 1.28 1.01 1.05
Net Debt to EBITDA		 3.56 3.60 -3.05 -5.08 -9.08 -6.55 -1.38 -3.20 -1.34 -0.74 -2.34
Long-Term Debt to EBITDA		 -0.04 -0.08 0.02 0.03 0.06 0.06 0.02 0.05 0.05 0.03 0.03
Debt to NOPAT		 60.84 -3.59 2.83 4.46 -78.87 15.97 3.16 5.94 2.89 2.20 1.56
Net Debt to NOPAT		 -95.81 3.58 -5.66 -12.27 110.25 -19.11 -3.39 -9.83 -3.03 -1.62 -3.48
Long-Term Debt to NOPAT		 1.00 -0.08 0.04 0.06 -0.77 0.16 0.05 0.15 0.11 0.06 0.04
Altman Z-Score		 1.22 1.23 1.12 1.31 1.26 1.50 1.95 1.97 1.76 1.62 2.07
Noncontrolling Interest Sharing Ratio		 9.80% 9.25% 10.05% 12.63% 11.25% 9.68% 11.15% 12.14% 13.16% 12.67% 13.50%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.25 2.02 1.99 2.08 2.15 2.26 2.35 2.15 2.32 1.94 2.06
Quick Ratio		 1.21 1.23 1.35 1.36 1.46 1.29 1.26 1.34 1.30 1.83 1.35
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1.97 -1.50 0.75 -22 2.50 6.05 -3.85 -5.92 -5.67 -7.10 6.77
Operating Cash Flow to CapEx		 -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% 645.35%
Free Cash Flow to Firm to Interest Expense		 6.80 -5.17 2.61 -85.67 10.59 31.07 -21.15 -33.89 -32.17 -46.88 65.55
Operating Cash Flow to Interest Expense		 -3.65 -14.52 22.76 21.37 -21.78 -1.87 2.42 30.37 -26.94 -8.84 142.15
Operating Cash Flow Less CapEx to Interest Expense		 -4.33 -15.40 24.61 20.98 -23.56 -3.47 0.05 27.69 -28.70 -19.10 120.12
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.93 0.93 1.00 0.98 1.06 1.06 1.04 1.06 1.15 1.11 1.06
Accounts Receivable Turnover		 10.74 4.57 4.96 10.40 8.99 6.03 6.42 10.85 8.94 3.58 8.35
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		 7.89 9.24 10.90 12.74 11.71 12.48 12.98 13.25 13.79 13.96 13.83
Accounts Payable Turnover		 4.80 4.85 4.34 3.81 4.64 4.84 4.13 3.93 4.64 4.69 4.21
Days Sales Outstanding (DSO)		 33.98 79.92 73.61 35.09 40.61 60.53 56.82 33.64 40.82 101.94 43.71
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)		 76.07 75.26 84.03 95.79 78.59 75.37 88.45 92.92 78.59 77.76 86.62
Cash Conversion Cycle (CCC)		 -42.09 4.67 -10.42 -60.71 -37.99 -14.84 -31.63 -59.28 -37.77 24.18 -42.91
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 29 33 27 22 26 29 33 26 33 38 31
Invested Capital Turnover		 1.92 1.78 2.27 5.68 2.25 2.07 2.20 2.76 2.37 2.16 2.32
Increase / (Decrease) in Invested Capital		 -1.08 2.40 -0.43 22 -2.84 -4.62 6.50 4.63 6.54 9.35 -2.43
Enterprise Value (EV)		 20 30 21 20 22 21 32 47 32 41 44
Market Capitalization		 25 32 29 33 30 28 36 56 36 40 55
Book Value per Share		 $3.03 $3.10 $3.05 $3.04 $2.96 $3.04 $3.23 $3.04 $3.05 $3.15 $3.50
Tangible Book Value per Share		 $2.21 $2.28 $2.24 $2.23 $2.15 $2.24 $2.44 $2.25 $2.26 $2.27 $2.49
Total Capital		 45 46 46 46 47 47 51 49 51 53 58
Total Debt		 6.08 6.18 6.37 6.54 8.87 8.55 8.37 8.55 8.85 8.49 8.40
Total Long-Term Debt		 0.10 0.13 0.10 0.09 0.09 0.09 0.13 0.22 0.34 0.25 0.21
Net Debt		 -9.58 -6.16 -13 -18 -12 -10 -8.98 -14 -9.29 -6.25 -19
Capital Expenditures (CapEx)		 0.20 0.25 -0.53 0.10 0.42 0.31 0.43 0.47 0.31 1.55 2.27
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 13 17 11 6.08 11 13 17 11 17 19 10
Debt-free Net Working Capital (DFNWC)		 28 29 30 31 32 32 35 33 35 34 37
Net Working Capital (NWC)		 22 23 24 24 23 24 27 25 26 25 29
Net Nonoperating Expense (NNE)		 -0.09 0.58 -0.17 -0.59 0.85 -0.40 -1.06 0.93 -0.10 -0.07 -0.20
Net Nonoperating Obligations (NNO)		 -9.58 -6.16 -13 -18 -12 -10 -8.98 -14 -9.29 -6.25 -19
Total Depreciation and Amortization (D&A)		 0.43 0.39 0.37 0.37 0.37 0.36 0.36 0.32 0.30 0.31 0.31
Debt-free, Cash-free Net Working Capital to Revenue		 22.17% 29.79% 17.50% 9.85% 16.94% 20.83% 26.46% 15.90% 24.07% 26.06% 13.84%
Debt-free Net Working Capital to Revenue		 49.75% 51.36% 48.65% 49.56% 51.22% 50.11% 52.73% 50.02% 50.06% 46.52% 50.31%
Net Working Capital to Revenue		 39.21% 40.79% 38.43% 39.13% 37.07% 36.92% 40.26% 37.49% 37.86% 35.09% 39.30%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.04 $0.03 ($0.01) $0.01 ($0.10) $0.12 $0.22 ($0.20) $0.02 $0.11 $0.32
Adjusted Weighted Average Basic Shares Outstanding		 11.37M 11.39M 11.38M 11.43M 11.48M 11.68M 11.58M 11.77M 11.80M 11.82M 11.81M
Adjusted Diluted Earnings per Share		 $0.04 $0.03 ($0.01) $0.01 ($0.10) $0.12 $0.22 ($0.20) $0.02 $0.11 $0.32
Adjusted Weighted Average Diluted Shares Outstanding		 11.37M 11.43M 11.42M 11.48M 11.48M 11.68M 11.58M 11.77M 11.81M 11.84M 11.83M
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		 11.39M 11.41M 11.43M 11.47M 11.67M 11.71M 11.79M 11.80M 11.82M 11.88M 11.95M
Normalized Net Operating Profit after Tax (NOPAT)		 0.89 0.90 0.56 -0.53 -0.34 1.44 2.65 -1.29 0.87 2.25 4.33
Normalized NOPAT Margin		 5.85% 5.82% 3.40% -3.65% -2.19% 8.18% 14.39% -8.57% 4.61% 11.33% 20.91%
Pre Tax Income Margin		 7.43% 2.99% 7.39% 3.07% -5.50% 11.32% 24.27% -13.33% 7.67% 15.61% 22.63%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.34 4.62 -0.92 -0.25 -4.85 8.03 23.17 -12.07 8.00 20.56 42.08
NOPAT to Interest Expense		 3.07 3.11 1.12 -1.43 -1.44 7.37 14.56 -7.37 4.92 14.83 41.99
EBIT Less CapEx to Interest Expense		 2.65 3.75 0.94 -0.64 -6.64 6.43 20.80 -14.76 6.24 10.30 20.06
NOPAT Less CapEx to Interest Expense		 2.38 2.23 2.98 -1.82 -3.23 5.77 12.18 -10.05 3.16 4.57 19.96
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% -186.57% 22.66% 6.71% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% -186.57% 133.70% 39.61% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

NetSol Technologies (NASDAQ:NTWK) showed a significant improvement in operating performance through fiscal 2026. Quarterly revenue increased from $14.2 million in Q1 fiscal 2024 to $20.7 million in Q4 fiscal 2026. The latest quarter also produced the company’s strongest reported profitability in the period provided, with operating income of $4.5 million and net income attributable to common shareholders of $3.8 million, or $0.32 per diluted share.

Profitability improved as gross margins expanded and operating expenses became a smaller percentage of revenue. In Q4 fiscal 2026, gross margin was approximately 63.6%, compared with about 43.3% in Q1 fiscal 2026. Operating margin rose to approximately 21.6% from a negative 12.2% in Q1.

Cash generation was also strong in the latest quarter, although investors should examine the quality and sustainability of that cash flow. The balance sheet remains reasonably liquid, but the sharp increase in accounts receivable and the company’s history of volatile operating cash flow warrant continued monitoring.

  • Revenue growth accelerated: Quarterly revenue rose to $20.7 million in Q4 fiscal 2026 from $15.0 million in Q1 fiscal 2026 and $14.2 million in Q1 fiscal 2024.
  • Gross-margin expansion was substantial: Gross profit increased to $13.2 million in Q4 fiscal 2026, while gross margin reached approximately 63.6%, well above the roughly 39% margin reported in Q1 fiscal 2026.
  • Operating profitability recovered: NetSol moved from an operating loss of $1.8 million in Q1 fiscal 2026 to operating income of $4.5 million in Q4. Selling, general and administrative expense also declined as a percentage of revenue.
  • Common-shareholder earnings improved: Net income attributable to common shareholders increased from a $2.4 million loss in Q1 fiscal 2026 to $3.8 million of profit in Q4. Diluted EPS improved from a loss of $0.20 to earnings of $0.32 over the same period.
  • Latest-quarter operating cash flow was strong: Net cash from operating activities was $14.7 million in Q4 fiscal 2026, compared with cash outflows of $4.7 million in Q2 and $1.3 million in Q3.
  • Liquidity appears adequate: At March 31, 2026, current assets of $52.3 million were nearly twice current liabilities of $27.0 million. The company also reported $14.7 million of cash and equivalents before the latest quarter’s reported cash increase.
  • Capital spending increased: Capital expenditures rose to $2.3 million in Q4 fiscal 2026 from $0.4 million in Q2. This may support future growth, but it also reduces free cash flow in periods when operating cash generation weakens.
  • Noncontrolling interests materially affect shareholder returns: Noncontrolling interests received $776,000 of Q4 consolidated net income, reducing the amount available to NetSol’s common shareholders.
  • Accounts receivable expanded sharply: Accounts receivable rose to $34.8 million at March 31, 2026, compared with $6.3 million at September 30, 2025. The increase could reflect growth, but it also creates collection and working-capital risk.
  • Cash flow remains volatile and may include significant noncash effects: Q4 operating cash flow included $9.2 million of noncash adjustments, while earlier quarters recorded sizable operating cash outflows despite reported profits. Investors should determine whether the latest cash conversion is repeatable.

Overall, the statements indicate a sharp fiscal 2026 turnaround, led by stronger revenue, improved gross margins and a return to meaningful operating profits. However, the rise in receivables, volatile cash conversion and the company’s relatively large accumulated other comprehensive loss and goodwill balances remain important risks for investors to track.

10/10/26 11:31 PM 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 2026 ended on June 30, 2026.

NetSol Technologies' net income appears to be on a downward trend, with a most recent value of $5.60 million in 2026, rising from $5.06 million in 2016. The previous period was $4.57 million in 2025. Find out what analysts predict for NetSol Technologies in the coming months.

NetSol Technologies' total operating income in 2026 was $6.95 million, based on the following breakdown:
  • Total Gross Profit: $39.15 million
  • Total Operating Expenses: $32.20 million

Over the last 10 years, NetSol Technologies' total revenue changed from $64.55 million in 2016 to $74.37 million in 2026, a change of 15.2%.

In the past 14 quarters, NetSol Technologies' cash and equivalents has ranged from $12.34 million in Q3 2024 to $24.53 million in Q1 2025, and is currently $14.74 million as of their latest financial filing in Q3 2026.

NetSol Technologies had total debt of $8.40 million at the end of 2026, a 0.3% increase from 2025, and a 70.8% increase since 2016.

Over the last 10 years, NetSol Technologies' book value per share changed from 6.19 in 2016 to 3.50 in 2026, a change of -43.4%.


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Financial statements for NASDAQ:NTWK last updated on 9/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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