What is NetSol Technologies, Inc.'s earnings per share (EPS)?

NetSol Technologies, Inc. (NTWK) reported diluted earnings per share of $0.25 for fiscal year 2025. This represents a 316.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

NetSol Technologies, Inc. (NTWK) Financials

NTWK

Trailing 12 months to March 31, 2026

Revenue $76.9M +5.2% YoY

Net Income $1.8M +566.8% YoY

EPS (Diluted) $0.15 +837.5% YoY

Free Cash Flow -$2.2M -142.6% YoY

Market Cap $47.5M as of Sep 11, 2026

Price / Sales 0.6x on $76.9M revenue, trailing 12 months to March 31, 2026

Price / Earnings 26.9x on $1.8M net income, trailing 12 months to March 31, 2026

Price / Book 1.3x on $37.2M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Mar 31, 2026 Reported May 14, 2026 Currency USD FYE June

Newest figures come from the 10-Q for Q3 FY2026, filed May 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NTWK SEC filings page.

NetSol Technologies, Inc. (NTWK) reported $76.9M in revenue over the twelve months to Mar 31, 2026, up 5.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NTWK FY2025 2026-08-30

Revenue recovery is translating into accounting profit, but heavier overhead and reinvestment are limiting operating cash conversion.

From FY2024 to FY2025, revenue grew 13.4% while operating income was essentially unchanged at $3.5M, indicating incremental gross profit was largely absorbed by SG&A rather than converted into operating leverage. Net income reached $2.9M, but operating cash flow was only $447K; after capital spending, free cash flow turned negative, so reported earnings did not translate into distributable cash.

Gross margin recovery from 32.3% in FY2023 to 44.6% in FY2025 restored room above operating costs. Operating margin reached 4.8% in FY2025 even as SG&A rose to $27.8M, leaving profitability sensitive to overhead discipline.

FY2025 debt-to-equity of 0.0012x and current ratio of 2.3x point to limited financial leverage and substantial current-asset coverage. Liabilities fell 18.1% from FY2024 to FY2025, so the improved earnings profile was not accompanied by a debt build.

Financial Health Signals

Financial Health Score 55/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of NetSol Technologies, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

NetSol Technologies, Inc. has an operating margin of 4.8%, meaning the company retains $5 of operating profit per $100 of revenue. This below-average margin results in a low score of 28/100, suggesting thin profitability after operating expenses. This is down from 5.4% the prior year.

Growth

NetSol Technologies, Inc.'s revenue grew 13.4% year-over-year to $73.1M, a solid pace of expansion. This earns a growth score of 80/100.

Leverage

NetSol Technologies, Inc. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.35, NetSol Technologies, Inc. holds $2.35 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 67/100.

Cash Flow

While NetSol Technologies, Inc. generated $447K in operating cash flow, capex of $1.4M consumed most of it, leaving -$936K in free cash flow. This results in a low score of 27/100, reflecting heavy capital investment rather than weak cash generation.

Returns

NetSol Technologies, Inc. generates a 7.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is up from 2.0% the prior year.

Altman Z-Score Grey Zone

2.35

NetSol Technologies, Inc. scores 2.35, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($47.5M) relative to total liabilities ($20.2M). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

NetSol Technologies, Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.15x

For every $1 of reported earnings, NetSol Technologies, Inc. generates $0.15 in operating cash flow ($447K OCF vs $2.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$21.3M

YoY+3.8%

QoQ+6.2%

5Y CAGR+9.1%

10Y CAGR+2.9%

NetSol Technologies, Inc. generated $21.3M in revenue in Q3 2026. This represents an increase of 3.8% from the same quarter a year earlier. Against the prior quarter it is up 6.2%.

EBITDA

$3.3M

YoY+73.3%

QoQ+106.6%

5Y CAGR+35.2%

10Y CAGR+7.9%

NetSol Technologies, Inc.'s EBITDA was $3.3M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 73.3% from the same quarter a year earlier. Against the prior quarter it is up 106.6%.

Net Income

$1.3M

YoY-8.6%

QoQ+427.2%

10Y CAGR+4.4%

NetSol Technologies, Inc. reported $1.3M in net income in Q3 2026. This represents a decrease of 8.6% from the same quarter a year earlier. Against the prior quarter it is up 427.2%.

EPS (Diluted)

$0.11

YoY-8.3%

QoQ+450.0%

10Y CAGR+3.2%

NetSol Technologies, Inc. earned $0.11 per diluted share (EPS) in Q3 2026. This represents a decrease of 8.3% from the same quarter a year earlier. Against the prior quarter it is up 450.0%.

Cash & Balance Sheet

Free Cash Flow

-$1.9M

YoY-168.9%

QoQ+63.6%

NetSol Technologies, Inc. recorded an outflow of $1.9M in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents a decrease of 168.9% from the same quarter a year earlier. Against the prior quarter it is up 63.6%.

Cash & Debt

$14.7M

YoY-21.5%

QoQ-18.7%

5Y CAGR-13.6%

10Y CAGR+2.2%

NetSol Technologies, Inc. held $14.7M in cash against $244K in long-term debt as of Q3 2026, with $27.0M of liabilities due within a year.

Shares Outstanding

12M

YoY+1.4%

QoQ+0.5%

5Y CAGR+1.0%

NetSol Technologies, Inc. had 12M shares outstanding in Q3 2026. This represents an increase of 1.4% from the same quarter a year earlier. Against the prior quarter it is up 0.5%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

51.8%

YoY+9.2pp

QoQ+6.8pp

5Y change+5.2pp

10Y change+5.5pp

NetSol Technologies, Inc.'s gross margin was 51.8% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 9.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.8 percentage points.

Operating Margin

14.1%

YoY+6.5pp

QoQ+7.6pp

5Y change+10.8pp

10Y change+6.4pp

NetSol Technologies, Inc.'s operating margin was 14.1% in Q3 2026, reflecting core business profitability. This is up 6.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.6 percentage points.

Net Margin

6.1%

YoY-0.8pp

QoQ+4.9pp

5Y change+10.6pp

10Y change+0.8pp

NetSol Technologies, Inc.'s net profit margin was 6.1% in Q3 2026, showing the share of revenue converted to profit. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.9 percentage points.

Return on Equity

3.5%

YoY-0.5pp

QoQ+2.8pp

5Y change+4.7pp

10Y change+2.1pp

NetSol Technologies, Inc.'s ROE was 3.5% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.8 percentage points.

Capital Allocation

R&D Spending

$166K

YoY-45.4%

QoQ-32.8%

5Y CAGR-6.6%

10Y CAGR+2.3%

NetSol Technologies, Inc. invested $166K in research and development in Q3 2026. This represents a decrease of 45.4% from the same quarter a year earlier. Against the prior quarter it is down 32.8%.

Capital Expenditures

$523K

YoY+58.7%

QoQ+40.9%

5Y CAGR-9.5%

10Y CAGR-9.0%

NetSol Technologies, Inc. invested $523K in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 58.7% from the same quarter a year earlier. Against the prior quarter it is up 40.9%.

Share Buybacks

Not reported for Q3 2026.

NTWK Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NTWK quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$76.9M	$73.1M+13.4%	$64.5M+23.0%	$52.4M-8.5%	$57.2M+4.2%	$54.9M-2.6%	$56.4M-16.9%	$67.8M+11.3%	$60.9M-6.8%	$65.4M+1.3%	$64.6M+26.4%	$51.0M+40.3%	$36.4M-27.0%	$49.8M+25.3%	$39.8M+8.8%	$36.5M
Cost of Revenue	$35.7M	$33.5M+4.4%	$32.1M-9.5%	$35.5M+5.9%	$33.5M+17.3%	$28.6M-2.9%	$29.4M-10.7%	$32.9M+3.8%	$31.7M-14.2%	$37.0M+9.5%	$33.7M+0.5%	$33.6M+21.2%	$27.7M+36.5%	$20.3M+11.1%	$18.3M+23.5%	$14.8M
Gross Profit	$36.3M	$32.6M+11.2%	$29.3M+73.1%	$16.9M-28.7%	$23.7M-9.9%	$26.4M-2.3%	$27.0M-22.7%	$34.9M+19.4%	$29.2M+2.8%	$28.4M-7.8%	$30.8M+76.4%	$17.5M+101.5%	$8.7M-70.7%	$29.5M+37.4%	$21.5M-1.1%	$21.7M
R&D Expenses	$906K	$1.3M-9.0%	$1.4M-12.4%	$1.6M+19.3%	$1.3M+99.1%	$674K-54.1%	$1.5M-25.5%	$2.0M+130.8%	$854K+117.1%	$393K-19.0%	$486K+54.3%	$315K+26.1%	$250K+57.2%	$159K	N/A	N/A
SG&A Expenses	$29.7M	$27.8M+14.0%	$24.4M	N/A	$15.4M-0.3%	$15.4M-9.9%	$17.1M-1.3%	$17.4M+3.8%	$16.7M-0.2%	$16.7M+13.7%	$14.7M+3.7%	$14.2M-5.6%	$15.0M+36.9%	$11.0M+134.9%	$4.7M+25.8%	$3.7M
Operating Income	$5.7M	$3.5M+0.2%	$3.5M+139.8%	-$8.8M-714.2%	-$1.1M-139.6%	$2.7M+154.2%	$1.1M-84.3%	$6.8M+123.5%	$3.1M+405.1%	-$1.0M-115.9%	$6.3M+222.0%	-$5.2M+60.5%	-$13.1M-197.3%	$13.5M	N/A	N/A
EBITDA	N/A	$5.0M-4.8%	$5.2M+194.2%	-$5.5M-2472.9%	-$215K-105.8%	$3.7M+93.5%	$1.9M-75.3%	$7.7M+92.3%	$4.0M+3453.5%	$113K-98.5%	$7.5M+338.3%	-$3.2M+71.8%	-$11.2M-174.7%	$15.0M	N/A	N/A
Interest Expense	N/A	N/A	$1.1M+49.3%	$765K+106.9%	$370K-6.2%	$394K+13.7%	$347K+11.2%	$312K-26.2%	$422K+36.2%	$310K+17.2%	$265K+58.4%	$167K-34.7%	$256K-61.5%	$664K-19.4%	$824K-4.6%	$864K
Income Tax	$2.2M	$1.5M+28.9%	$1.1M+23.6%	$927K-6.3%	$989K-3.7%	$1.0M-10.0%	$1.1M+7.9%	$1.1M+21.2%	$873K-6.3%	$932K+42.8%	$653K+57.8%	$413K+22.2%	$338K-27.3%	$465K+740.4%	$55K-54.1%	$121K
Net Income	$1.8M	$2.9M+327.5%	$684K+113.0%	-$5.2M-516.1%	-$851K-147.9%	$1.8M+89.8%	$937K-89.1%	$8.6M+99.3%	$4.3M+186.5%	-$5.0M-246.3%	$3.4M+161.3%	-$5.5M+51.1%	-$11.4M-244.4%	$7.9M+221.4%	$2.4M-57.3%	$5.7M
EPS (Basic)	N/A	$0.25+316.7%	$0.06+113.0%	-$0.46-475.0%	-$0.08-153.3%	$0.15+87.5%	$0.08-89.2%	$0.74+94.7%	$0.38+182.6%	-$0.46-239.4%	$0.33+157.9%	-$0.57+54.4%	-$1.25-230.2%	$0.96+146.2%	$0.39-66.9%	$1.18
EPS (Diluted)	$0.15	$0.25+316.7%	$0.06+113.0%	-$0.46-475.0%	-$0.08-153.3%	$0.15+87.5%	$0.08-89.2%	$0.74+94.7%	$0.38+182.6%	-$0.46-243.8%	$0.32+156.1%	-$0.57+54.4%	-$1.25-231.6%	$0.95+143.6%	$0.39-66.4%	$1.16
Diluted Shares (Avg)	N/A	12M+1.4%	11M+1.3%	11M+0.3%	11M-2.2%	11M-2.4%	12M+1.4%	12M+3.8%	11M+2.6%	11M+3.1%	11M+8.8%	10M+7.3%	9M+9.3%	8M+32.7%	6M+26.0%	5M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$21.3M+3.8%	$20.1M+12.2%	$16.1M+5.6%	$19.5M-0.1%	$20.5M+32.7%	$17.9M+17.2%	$15.2M+6.9%	$19.5M+41.5%
Cost of Revenue	$8.8M0.0%	$9.8M+13.5%	$9.1M+13.3%	$8.1M+1.1%	$8.8M+10.2%	$8.6M+6.9%	$8.0M-0.6%	$8.0M-11.1%
Gross Profit	$11.0M+26.2%	$9.0M+30.5%	$5.9M-9.9%	$10.3M+22.1%	$8.7M+16.9%	$6.9M-3.6%	$6.6M+6.5%	$8.5M+75.9%
R&D Expenses	$166K-45.4%	$248K-25.8%	$214K-40.5%	$277K-17.7%	$305K-11.8%	$334K-2.3%	$360K-4.9%	$337K-5.5%
SG&A Expenses	$7.9M+14.1%	$7.5M+5.8%	$7.5M+8.2%	$6.9M	$6.9M	$7.1M	$7.0M	N/A
Operating Income	$3.0M+93.5%	$1.3M+366.9%	-$1.8M-141.9%	$3.2M+300.3%	$1.6M+17.9%	-$487K-147.4%	-$760K-316.8%	$798K+127.5%
EBITDA	$3.3M+73.3%	$1.6M+1505.6%	-$1.5M-284.1%	$3.6M+204.4%	$1.9M+12.2%	-$114K-107.9%	-$394K-144.7%	$1.2M+604.7%
Interest Expense	N/A	N/A	N/A	N/A	$195K-32.8%	$236K-18.6%	$258K-6.4%	$286K+13.1%
Income Tax	$781K+416.2%	$480K+44.8%	$216K-6.1%	$764K+5.0%	$151K+3.3%	$332K+121.0%	$230K+88.5%	$727K+154.7%
Net Income	$1.3M-8.6%	$247K+121.5%	-$2.4M-3429.7%	$2.6M+3207.4%	$1.4M+334.7%	-$1.1M-380.9%	$71K+129.2%	-$83K+98.4%
EPS (Basic)	$0.11-8.3%	$0.02+120.0%	-$0.20-3433.3%	$0.22+2300.0%	$0.12+300.0%	-$0.10-350.0%	$0.01+100.0%	-$0.01+97.8%
EPS (Diluted)	$0.11-8.3%	$0.02+120.0%	-$0.20-3433.3%	$0.22+2300.0%	$0.12+300.0%	-$0.10-350.0%	$0.01+100.0%	-$0.01+97.8%
Diluted Shares (Avg)	12M+1.3%	12M+2.9%	12M+2.5%	N/A	12M+2.2%	11M+1.0%	11M+1.2%	N/A

NTWK Balance Sheet

NTWK quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$62.4M-2.7%	$64.2M+9.9%	$58.4M-19.6%	$72.6M-16.2%	$86.6M-2.1%	$88.5M+1.1%	$87.5M-12.3%	$99.8M+0.1%	$99.7M+6.8%	$93.3M+4.9%	$89.0M-6.3%	$94.9M-7.6%	$102.7M+12.4%	$91.3M+6.7%	$85.6M
Current Assets	$46.3M-2.4%	$47.5M+14.1%	$41.6M-15.8%	$49.4M-11.1%	$55.6M+7.1%	$51.9M+1.9%	$50.9M-11.2%	$57.4M+29.5%	$44.3M+9.4%	$40.5M+29.3%	$31.3M+16.4%	$26.9M-36.2%	$42.1M+16.0%	$36.3M+4.9%	$34.6M
Cash & Equivalents	$17.4M-9.2%	$19.1M+23.1%	$15.5M-35.2%	$24.0M-28.9%	$33.7M+67.1%	$20.2M+16.1%	$17.4M-21.4%	$22.1M+55.9%	$14.2M+22.6%	$11.6M-18.4%	$14.2M+23.6%	$11.5M+45.6%	$7.9M+3.6%	$7.6M+82.1%	$4.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$7.5M-42.3%	$13.0M+11.4%	$11.7M+35.1%	$8.7M+107.2%	$4.2M-58.7%	$10.1M-17.8%	$12.3M-3.5%	$12.8M+94.1%	$6.6M-32.1%	$9.7M+49.5%	$6.5M+24.2%	$5.2M-59.1%	$12.8M-7.2%	$13.8M-8.7%	$15.1M
Long-Term Investments	$0	$0-100.0%	$25K-97.6%	$1.1M-66.4%	$3.2M+32.2%	$2.4M-10.0%	$2.7M-17.5%	$3.2M+5.2%	$3.1M+324.4%	$720K	$0	$0	$0	$0	$0
Goodwill	$9.3M0.0%	$9.3M0.0%	$9.3M0.0%	$9.3M-2.2%	$9.5M0.0%	$9.5M0.0%	$9.5M0.0%	$9.5M0.0%	$9.5M0.0%	$9.5M0.0%	$9.5M0.0%	$9.5M-1.4%	$9.7M0.0%	$9.7M+2.3%	$9.4M
Total Liabilities	$20.2M-18.1%	$24.7M+14.1%	$21.6M-0.7%	$21.8M-12.1%	$24.7M+7.6%	$23.0M+9.4%	$21.0M-8.0%	$22.8M+6.3%	$21.5M+36.8%	$15.7M+2.5%	$15.3M-5.1%	$16.1M+21.6%	$13.3M-18.8%	$16.4M-21.1%	$20.7M
Current Liabilities	$19.7M-17.4%	$23.9M+14.9%	$20.8M-0.3%	$20.8M-11.3%	$23.5M+16.7%	$20.1M-1.6%	$20.4M-9.1%	$22.5M+6.6%	$21.1M+38.7%	$15.2M+2.7%	$14.8M+1.5%	$14.6M+23.1%	$11.9M-11.0%	$13.3M-33.3%	$20.0M
Non-Current Liabilities	$468K-40.3%	$785K-5.3%	$828K-10.3%	$923K-26.9%	$1.3M-56.1%	$2.9M+410.1%	$565K+70.8%	$331K-9.9%	$367K-23.2%	$478K-2.0%	$487K-68.2%	$1.5M+8.5%	$1.4M-53.1%	$3.0M+318.2%	$720K
Long-Term Debt	$47K+384.9%	$10K-94.4%	$173K-63.7%	$476K-73.4%	$1.8M-6.6%	$1.9M+239.4%	$565K+70.8%	$331K-9.9%	$367K-23.2%	$478K-2.0%	$487K-68.2%	$1.5M+8.5%	$1.4M-32.0%	$2.1M+377.4%	$435K
Total Equity	$37.8M+8.6%	$34.8M+3.1%	$33.8M-25.5%	$45.4M-16.9%	$54.7M-7.4%	$59.0M+1.6%	$58.1M-7.5%	$62.8M-1.0%	$63.4M-1.4%	$64.3M+7.5%	$59.8M-4.5%	$62.6M-13.2%	$72.2M+21.1%	$59.6M+13.7%	$52.4M
Retained Earnings	-$41.3M+6.6%	-$44.2M+1.5%	-$44.9M-13.2%	-$39.7M-2.2%	-$38.8M-13.2%	-$34.3M+2.7%	-$35.2M+7.3%	-$38.0M+10.2%	-$42.3M-13.3%	-$37.3M+8.4%	-$40.7M-15.8%	-$35.2M-47.7%	-$23.8M+24.8%	-$31.7M+7.2%	-$34.1M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$71.9M+23.7%	$62.7M+6.1%	$62.6M-0.3%	$62.4M-2.7%	$58.1M-8.2%	$59.1M+2.8%	$62.8M+12.4%	$64.2M+9.9%
Current Assets	$52.3M+23.4%	$46.4M+8.1%	$46.6M+0.1%	$46.3M-2.4%	$42.4M-8.2%	$43.0M+7.2%	$46.5M+20.3%	$47.5M+14.1%
Cash & Equivalents	$14.7M-21.5%	$18.1M-14.8%	$22.7M-7.5%	$17.4M-9.2%	$18.8M+52.2%	$21.3M+35.8%	$24.5M+48.2%	$19.1M+23.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$16.6M+205.8%	$7.8M-0.7%	$6.3M+6.5%	$7.5M-42.3%	$5.4M-65.6%	$7.8M+31.0%	$5.9M-13.6%	$13.0M+11.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0-100.0%
Goodwill	$9.3M0.0%	$9.3M0.0%	$9.3M0.0%	$9.3M0.0%	$9.3M0.0%	$9.3M0.0%	$9.3M0.0%	$9.3M0.0%
Total Liabilities	$27.7M+43.7%	$20.7M+0.9%	$22.1M-4.2%	$20.2M-18.1%	$19.2M-19.3%	$20.6M+8.6%	$23.1M+20.1%	$24.7M+14.1%
Current Liabilities	$27.0M+44.3%	$20.0M+0.2%	$21.7M-3.2%	$19.7M-17.4%	$18.7M-18.2%	$20.0M+12.0%	$22.4M+22.5%	$23.9M+14.9%
Non-Current Liabilities	$613K+20.4%	$752K+25.5%	$443K-35.6%	$468K-40.3%	$509K-47.4%	$599K-46.6%	$687K-26.4%	$785K-5.3%
Long-Term Debt	$244K+181.4%	$257K+196.0%	$135K+2623.1%	$47K+384.9%	$87K+109.4%	$87K-12.6%	$5K-96.4%	$10K-94.4%
Total Equity	$37.2M+4.9%	$35.9M+5.9%	$35.8M+3.1%	$37.8M+8.6%	$35.5M+0.4%	$33.9M-1.6%	$34.7M+3.8%	$34.8M+3.1%
Retained Earnings	-$42.1M+4.0%	-$43.4M+4.2%	-$43.6M+1.1%	-$41.3M+6.6%	-$43.9M+0.6%	-$45.3M-1.9%	-$44.1M+1.6%	-$44.2M+1.5%

Not reported in any period shown, so not listed: Inventory.

NTWK Cash Flow Statement

NTWK quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$344K	$447K-84.6%	$2.9M+44.8%	$2.0M-34.3%	$3.1M-80.5%	$15.7M+295.9%	$4.0M-19.5%	$4.9M-68.6%	$15.7M+3358.5%	$454K-72.6%	$1.7M-67.3%	$5.1M-72.7%	$18.6M+34.6%	$13.8M+70.7%	$8.1M-41.7%	$13.9M
Depreciation & Amortization	N/A	$1.5M-15.0%	$1.7M-46.9%	$3.2M+275.9%	$863K-10.6%	$966K+15.7%	$835K-7.0%	$898K-6.7%	$963K-13.6%	$1.1M-9.1%	$1.2M-39.0%	$2.0M+6.4%	$1.9M+21.3%	$1.6M+39.7%	$1.1M-5.6%	$1.2M
Stock-Based Compensation	N/A	$208K-32.6%	$309K-2.8%	$317K+204.2%	$104K-69.5%	$342K-57.7%	$809K-28.5%	$1.1M-39.2%	$1.9M-26.2%	$2.5M+99.4%	$1.3M-8.0%	$1.4M+29.8%	$1.1M+15362.6%	$7K	N/A	N/A
Capital Expenditures	$1.9M	$1.4M+168.3%	$515K-68.6%	$1.6M-37.2%	$2.6M+2.3%	$2.6M+85.3%	$1.4M-49.5%	$2.7M+11.3%	$2.4M+11.2%	$2.2M-34.0%	$3.3M-6.3%	$3.6M-73.1%	$13.2M+47.7%	$9.0M+82.4%	$4.9M-45.9%	$9.1M
Free Cash Flow	-$2.2M	-$936K-139.1%	$2.4M+546.8%	$370K-18.0%	$451K-96.6%	$13.2M+407.6%	$2.6M+17.6%	$2.2M-83.4%	$13.3M+858.5%	-$1.7M-4.3%	-$1.7M-210.4%	$1.5M-71.9%	$5.4M+10.5%	$4.9M+52.7%	$3.2M-33.8%	$4.8M
Investing Cash Flow	-$2.7M	-$1.3M-337.3%	-$292K+79.2%	-$1.4M+38.1%	-$2.3M+10.3%	-$2.5M-22.6%	-$2.1M+43.7%	-$3.6M+1.2%	-$3.7M-35.4%	-$2.7M+25.7%	-$3.7M-21.1%	-$3.0M+79.4%	-$14.7M-1.8%	-$14.5M-26.9%	-$11.4M+35.9%	-$17.8M
Financing Cash Flow	$326K	$823K+243.5%	$240K+133.3%	-$719K+47.9%	-$1.4M-18.3%	-$1.2M-168.6%	$1.7M+9804.4%	$17K+101.7%	-$1.0M-123.2%	$4.4M+631.8%	$598K-59.1%	$1.5M+726.7%	-$233K-113.8%	$1.7M-81.4%	$9.1M+113.1%	$4.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	$1.9M+239.1%	$566K+35.6%	$418K-80.6%	$2.2M+114.8%	$1.0M+24.4%	$807K-20.0%	$1.0M+159.3%	$389K+13.9%	$342K-73.5%	$1.3M
Share Buybacks	N/A	$1.5M	N/A	$61K-38.9%	$100K-95.8%	$2.4M	N/A	$251K-66.6%	$751K+1830.6%	$39K	N/A	N/A	N/A	N/A	$19K	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	-$1.3M-268.8%	-$4.7M+7.8%	$5.3M-3.9%	$441K-93.2%	-$363K+91.4%	-$5.1M-386.2%	$5.5M+231.7%	$6.5M+1273.2%
Depreciation & Amortization	$316K-13.2%	$308K-17.4%	$325K-11.3%	$362K-2.4%	$364K-7.1%	$373K-13.2%	$366K-31.0%	$371K-48.9%
Stock-Based Compensation	N/A	N/A	$145K+204.3%	N/A	N/A	N/A	$48K-20.8%	N/A
Capital Expenditures	$523K+58.7%	$371K-20.6%	$485K+381.7%	$485K+12.0%	$330K-12.7%	$467K+134.9%	$101K-72.9%	-$433K+572.5%
Free Cash Flow	-$1.9M-168.9%	-$5.1M+8.8%	$4.8M-11.1%	-$44K-100.7%	-$693K+84.9%	-$5.6M-346.4%	$5.4M+319.3%	$6.1M+1081.4%
Investing Cash Flow	-$1.6M-399.0%	-$310K+26.6%	-$443K-308.0%	-$432K-181.3%	-$312K-23.1%	-$423K-112.6%	-$109K+70.7%	$531K+2267.4%
Financing Cash Flow	-$355K+80.0%	$534K-78.5%	$191K+24.8%	-$43K-121.1%	-$1.8M-3005.4%	$2.5M+14416.9%	$153K+444.4%	$206K+202.1%
Share Buybacks	N/A	N/A	N/A	$0	N/A	N/A	N/A	N/A

Not reported in any period shown, so not listed: Dividends Paid.

NTWK Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NTWK quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	44.6%-0.9pp	45.4%+13.1pp	32.3%-9.2pp	41.5%-6.5pp	48.0%+0.2pp	47.8%-3.6pp	51.4%+3.5pp	47.9%+4.5pp	43.5%-4.3pp	47.7%+13.5pp	34.2%+10.4pp	23.8%-35.5pp	59.3%+5.2pp	54.0%-5.4pp	59.5%
Operating Margin	4.8%-0.6pp	5.4%+22.2pp	-16.8%-14.9pp	-1.9%-6.8pp	5.0%+3.1pp	1.9%-8.2pp	10.1%+5.1pp	5.0%+6.5pp	-1.5%-11.3pp	9.8%+19.9pp	-10.1%+25.9pp	-36.0%-63.0pp	27.0%	N/A	N/A
Net Margin	4.0%+2.9pp	1.1%+11.1pp	-10.0%-8.5pp	-1.5%-4.7pp	3.2%+1.6pp	1.7%-11.0pp	12.7%+5.6pp	7.1%+14.7pp	-7.6%-12.9pp	5.3%+16.1pp	-10.9%+20.3pp	-31.2%-47.0pp	15.8%+9.6pp	6.2%-9.5pp	15.7%
Return on Equity	7.7%+5.8pp	2.0%+17.5pp	-15.5%-13.6pp	-1.9%-5.1pp	3.3%+1.7pp	1.6%-13.2pp	14.8%+7.9pp	6.9%+14.7pp	-7.8%-13.1pp	5.3%+14.6pp	-9.3%+8.8pp	-18.1%-29.0pp	10.9%+6.8pp	4.1%-6.8pp	10.9%
Return on Assets	4.7%+3.6pp	1.1%+10.1pp	-9.0%-7.8pp	-1.2%-3.2pp	2.1%+1.0pp	1.1%-8.8pp	9.8%+5.5pp	4.3%+9.3pp	-5.0%-8.6pp	3.6%+9.9pp	-6.2%+5.7pp	-12.0%-19.6pp	7.7%+5.0pp	2.7%-4.0pp	6.7%
Current Ratio	2.35+0.4x	1.990.0x	2.00-0.4x	2.370.0x	2.37-0.2x	2.58+0.1x	2.49-0.1x	2.55+0.5x	2.10-0.6x	2.66+0.5x	2.11+0.3x	1.84-1.7x	3.54+0.8x	2.72+1.0x	1.73
Debt-to-Equity	0.000.0x	0.000.0x	0.010.0x	0.010.0x	0.030.0x	0.030.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.020.0x	0.020.0x	0.030.0x	0.01
Asset Turnover	1.17+0.2x	1.00+0.1x	0.90+0.1x	0.79+0.2x	0.630.0x	0.64-0.1x	0.78+0.2x	0.610.0x	0.660.0x	0.69+0.1x	0.57+0.2x	0.38-0.1x	0.490.0x	0.440.0x	0.43
FCF Margin	-1.3%-5.0pp	3.7%+3.0pp	0.7%-0.1pp	0.8%-23.2pp	24.0%+19.4pp	4.6%+1.3pp	3.3%-18.5pp	21.8%+24.4pp	-2.7%-0.1pp	-2.6%-5.6pp	3.0%-11.9pp	14.8%+5.0pp	9.8%+1.8pp	8.1%-5.2pp	13.2%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	51.8%+9.2pp	45.0%+6.3pp	36.8%-6.3pp	53.1%+9.7pp	42.6%-5.7pp	38.7%-8.3pp	43.1%-0.1pp	43.4%+8.5pp
Operating Margin	14.1%+6.5pp	6.5%+9.2pp	-11.4%-6.5pp	16.4%+12.3pp	7.6%-0.9pp	-2.7%-9.5pp	-5.0%-7.4pp	4.1%+25.2pp
Net Margin	6.1%-0.8pp	1.2%+7.6pp	-14.7%-15.1pp	13.2%+13.6pp	6.9%+4.8pp	-6.4%-9.1pp	0.5%+0.3pp	-0.4%+36.4pp
Return on Equity	3.5%-0.5pp	0.7%+4.1pp	-6.6%-6.8pp	6.8%+7.0pp	4.0%+3.1pp	-3.4%-4.6pp	0.2%+0.1pp	-0.2%+14.8pp
Return on Assets	1.8%-0.6pp	0.4%+2.3pp	-3.8%-3.9pp	4.1%+4.3pp	2.5%+1.9pp	-1.9%-2.7pp	0.1%+0.1pp	-0.1%+8.6pp
Current Ratio	1.94-0.3x	2.32+0.2x	2.15+0.1x	2.35+0.4x	2.26+0.2x	2.15-0.1x	2.080.0x	1.990.0x
Debt-to-Equity	0.010.0x	0.010.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x
Asset Turnover	0.30-0.1x	0.320.0x	0.260.0x	0.310.0x	0.35+0.1x	0.300.0x	0.240.0x	0.30+0.1x
FCF Margin	-8.8%-5.4pp	-25.5%+5.9pp	30.0%-5.6pp	-0.2%-31.4pp	-3.4%+26.3pp	-31.4%-23.2pp	35.6%+26.5pp	31.2%+35.6pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
NetSol Technologies, Inc. NTWK	FY2025	$73.1M	$2.9M	4.0%	$47.5M	55/100
HiTek Global Inc. HKIT	FY2025	$6.5M	$180K	2.8%	$22.7M	50/100
Phunware Inc PHUN	FY2025	$2.6M	-$11.4M	N/A	$41.3M	50/100
mF International Ltd MFI	FY2025	$4.3M	$10.1M	N/A	$465.6M	38/100
YXT.COM GROUP HOLDING LIMITED YXT	FY2025	$48.7M	-$22.7M	-46.7%	$15.9M	33/100
Intellinetics INLX	FY2025	$16.6M	-$1.9M	-11.3%	$24.1M	34/100

Where NetSol Technologies, Inc. Ranks

Frequently Asked Questions

What is NetSol Technologies, Inc.'s annual revenue?

NetSol Technologies, Inc. (NTWK) reported $73.1M in total revenue for fiscal year 2025. This represents a 13.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is NetSol Technologies, Inc.'s revenue growing?

NetSol Technologies, Inc. (NTWK) revenue grew by 13.4% year-over-year, from $64.5M to $73.1M in fiscal year 2025.

Is NetSol Technologies, Inc. profitable?

Yes, NetSol Technologies, Inc. (NTWK) reported a net income of $2.9M in fiscal year 2025, with a net profit margin of 4.0%.

What is NetSol Technologies, Inc.'s EBITDA?

NetSol Technologies, Inc. (NTWK) had EBITDA of $5.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does NetSol Technologies, Inc. have?

As of fiscal year 2025, NetSol Technologies, Inc. (NTWK) had $17.4M in cash and equivalents against $47K in long-term debt.

What is NetSol Technologies, Inc.'s gross margin?

NetSol Technologies, Inc. (NTWK) had a gross margin of 44.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is NetSol Technologies, Inc.'s operating margin?

NetSol Technologies, Inc. (NTWK) had an operating margin of 4.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is NetSol Technologies, Inc.'s net profit margin?

NetSol Technologies, Inc. (NTWK) had a net profit margin of 4.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is NetSol Technologies, Inc.'s return on equity (ROE)?

NetSol Technologies, Inc. (NTWK) has a return on equity of 7.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is NetSol Technologies, Inc.'s free cash flow?

NetSol Technologies, Inc. (NTWK) recorded an outflow of $936K in free cash flow during fiscal year 2025. This represents a -139.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is NetSol Technologies, Inc.'s operating cash flow?

NetSol Technologies, Inc. (NTWK) generated $447K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are NetSol Technologies, Inc.'s total assets?

NetSol Technologies, Inc. (NTWK) had $62.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are NetSol Technologies, Inc.'s capital expenditures?

NetSol Technologies, Inc. (NTWK) invested $1.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does NetSol Technologies, Inc. spend on research and development?

NetSol Technologies, Inc. (NTWK) invested $1.3M in research and development during fiscal year 2025.

Does NetSol Technologies, Inc. buy back shares?

Yes, NetSol Technologies, Inc. (NTWK) spent $1.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does NetSol Technologies, Inc. have outstanding?

NetSol Technologies, Inc. (NTWK) had 12M shares outstanding as of fiscal year 2025.

What is NetSol Technologies, Inc.'s current ratio?

NetSol Technologies, Inc. (NTWK) had a current ratio of 2.35 as of fiscal year 2025, which is generally considered healthy.

What is NetSol Technologies, Inc.'s debt-to-equity ratio?

NetSol Technologies, Inc. (NTWK) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is NetSol Technologies, Inc.'s return on assets (ROA)?

NetSol Technologies, Inc. (NTWK) had a return on assets of 4.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is NetSol Technologies, Inc.'s P/E ratio?

NetSol Technologies, Inc. (NTWK) trades at 26.9x earnings, its market capitalization divided by net income of $1.8M net income, trailing 12 months to March 31, 2026. The market capitalization is $47.5M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is NetSol Technologies, Inc.'s price-to-sales ratio?

NetSol Technologies, Inc. (NTWK) trades at 0.6x sales, its market capitalization divided by revenue of $76.9M revenue, trailing 12 months to March 31, 2026. The market capitalization is $47.5M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is NetSol Technologies, Inc.'s Altman Z-Score?

NetSol Technologies, Inc. (NTWK) has an Altman Z-Score of 2.35, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is NetSol Technologies, Inc.'s Piotroski F-Score?

NetSol Technologies, Inc. (NTWK) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are NetSol Technologies, Inc.'s earnings high quality?

NetSol Technologies, Inc. (NTWK) has an earnings quality ratio of 0.15x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is NetSol Technologies, Inc.?

NetSol Technologies, Inc. (NTWK) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.