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 2026. That is unchanged from 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 (NTWK) Financials

NTWK NASDAQ

FY2026 annual

Revenue $78.1M +6.9% YoY

Net Income $3.0M +0.9% YoY

EPS (Diluted) $0.25 0.0% YoY

Free Cash Flow $11.9M n/m YoY

Market Cap $99.2M as of Oct 27, 2026

Price / Sales 1.3x on $78.1M revenue, FY2026

Price / Earnings 33.6x on $3.0M net income, FY2026

Price / Book 2.4x on $41.6M equity, Q4 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 Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jun 30, 2026 Reported Sep 28, 2026 Currency USD FYE June

Newest figures come from the 10-K for FY2026, filed Sep 28, 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 $78.1M in revenue for fiscal year 2026, up 6.9% from the prior fiscal year. 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 FY2026 2026-10-24

NetSol’s 2026 performance improved through margin expansion and cash conversion, while liabilities grew faster than equity and revenue.

Cash generation materially exceeded reported profit: FY2026 operating cash flow was $13.9M against net income of $3.0M, producing free cash flow of $11.9M. With capital spending equal to just 14.5% of operating cash flow, the year’s earnings translated into cash unusually well despite receivables rising 36.6%.

Margin expansion, not merely sales growth, changed the operating model. Revenue increased 6.9%, but gross profit grew 20.2% and gross margin widened 5.5 percentage points; lower R&D spending and greater gross profit helped operating income nearly double to $6.9M.

Growth was accompanied by heavier short-term balance-sheet funding. Total liabilities rose 40.1% to $28.3M, faster than equity’s 9.9% increase, while current liabilities reached $27.6M. Liquidity remained buffered by a 2.1x current ratio, and long-term debt was only $208K, so the main financing shift appears concentrated in operating obligations rather than conventional borrowing.

Financial Health Signals

Financial Health Score 62/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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 8.9%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 39/100, indicating healthy but not exceptional operating efficiency. This is up from 4.8% the prior year.

Growth

NetSol Technologies, Inc.'s revenue grew 6.9% year-over-year to $78.1M, a solid pace of expansion. This earns a growth score of 65/100.

Leverage

NetSol Technologies, Inc. carries a low D/E ratio of 0.01, meaning only $0.01 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

NetSol Technologies, Inc.'s current ratio of 2.06 indicates adequate short-term liquidity, earning a score of 60/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

NetSol Technologies, Inc. has a free cash flow margin of 15.2%, earning a moderate score of 59/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

NetSol Technologies, Inc.'s ROE of 7.1% shows moderate profitability relative to equity, earning a score of 50/100. This is down from 7.7% the prior year.

Altman Z-Score Safe

3.16

NetSol Technologies, Inc. scores 3.16, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $99.2M against total liabilities of $28.3M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

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

Piotroski F-Score Neutral

4/9

NetSol Technologies, Inc. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 operating efficiency signals passes.

Earnings Quality Cash-Backed

4.71x

For every $1 of reported earnings, NetSol Technologies, Inc. generates $4.71 in operating cash flow ($13.9M OCF vs $3.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$20.7M

YoY+6.4%

QoQ-2.7%

5Y CAGR+6.2%

10Y CAGR+0.8%

NetSol Technologies, Inc. generated $20.7M in revenue in Q4 2026. This represents an increase of 6.4% from the same quarter a year earlier. Against the prior quarter it is down 2.7%.

EBITDA

$4.8M

YoY+34.1%

QoQ+43.6%

5Y CAGR+28.0%

10Y CAGR+3.6%

NetSol Technologies, Inc.'s EBITDA was $4.8M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.1% from the same quarter a year earlier. Against the prior quarter it is up 43.6%.

Net Income

$3.8M

YoY+46.0%

QoQ+189.0%

5Y CAGR+14.3%

10Y CAGR+6.1%

NetSol Technologies, Inc. reported $3.8M in net income in Q4 2026. This represents an increase of 46.0% from the same quarter a year earlier. Against the prior quarter it is up 189.0%.

EPS (Diluted)

$0.32

YoY+45.5%

QoQ+190.9%

5Y CAGR+14.9%

10Y CAGR+4.8%

NetSol Technologies, Inc. earned $0.32 per diluted share (EPS) in Q4 2026. This represents an increase of 45.5% from the same quarter a year earlier. Against the prior quarter it is up 190.9%.

Cash & Balance Sheet

Free Cash Flow

$14.0M

YoYn/m

QoQn/m

5Y CAGR+23.5%

10Y CAGRn/m

NetSol Technologies, Inc. generated $14.0M in free cash flow in Q4 2026, representing cash available after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Debt

$27.1M

YoY+56.3%

QoQ+84.0%

5Y CAGR-4.3%

10Y CAGR+8.9%

NetSol Technologies, Inc. held $27.1M in cash against $208K in long-term debt as of Q4 2026, with $27.6M of liabilities due within a year.

Shares Outstanding

12M

YoY+1.4%

QoQ+0.6%

5Y CAGR+1.2%

10Y CAGR+1.1%

NetSol Technologies, Inc. had 12M shares outstanding in Q4 2026. This represents an increase of 1.4% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.

Dividends Per Share

Not reported for Q4 2026.

Margins & Returns

Gross Margin

63.6%

YoY+10.5pp

QoQ+11.8pp

5Y change+14.8pp

10Y change-30.6pp

NetSol Technologies, Inc.'s gross margin was 63.6% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is up 10.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.8 percentage points.

Operating Margin

21.6%

YoY+5.2pp

QoQ+7.5pp

5Y change+14.2pp

10Y change+5.7pp

NetSol Technologies, Inc.'s operating margin was 21.6% in Q4 2026, reflecting core business profitability. This is up 5.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.5 percentage points.

Net Margin

18.1%

YoY+4.9pp

QoQ+12.0pp

5Y change+5.6pp

10Y change+7.2pp

NetSol Technologies, Inc.'s net profit margin was 18.1% in Q4 2026, showing the share of revenue converted to profit. This is up 4.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.0 percentage points.

Return on Equity

9.0%

YoY+2.2pp

QoQ+5.5pp

5Y change+5.5pp

10Y change+5.8pp

NetSol Technologies, Inc.'s quarterly ROE was 9.0% in Q4 2026: one quarter's net income over shareholder equity, not annualized. This is up 2.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.5 percentage points.

Capital Allocation

R&D Spending

$154K

YoY-44.6%

QoQ-7.7%

5Y CAGR-8.8%

10Y CAGR+2.2%

NetSol Technologies, Inc. invested $154K in research and development in Q4 2026. This represents a decrease of 44.6% from the same quarter a year earlier. Against the prior quarter it is down 7.7%.

Capital Expenditures

$628K

YoY+29.4%

QoQ+20.1%

5Y CAGR+7.3%

10Y CAGR-2.5%

NetSol Technologies, Inc. invested $628K in capex in Q4 2026, funding long-term assets and infrastructure. This represents an increase of 29.4% from the same quarter a year earlier. Against the prior quarter it is up 20.1%.

Share Buybacks

Not reported for Q4 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	FY2610-K	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
Revenue	$78.1M+6.9%	$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
Cost of Revenue	$35.2M+5.1%	$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
Gross Profit	$39.1M+20.2%	$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
R&D Expenses	$782K-38.7%	$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
SG&A Expenses	$31.4M+13.0%	$27.8M+14.0%	$24.4M	N/A	$38.9M+76.7%	$22.0M-6.8%	$23.6M-6.4%	$25.2M+3.5%	$24.3M-8.1%	$26.5M+17.5%	$22.6M+11.1%	$20.3M+3.5%	$19.6M+36.4%	$14.4M+84.1%	$7.8M
Operating Income	$6.9M+98.4%	$3.5M+0.2%	$3.5Mn/m	-$8.8Mn/m	-$1.1M-139.6%	$2.7M+154.2%	$1.1M-84.3%	$6.8M+123.5%	$3.1Mn/m	-$1.0M-115.9%	$6.3Mn/m	-$5.2Mn/m	-$13.1M-197.3%	$13.5M	N/A
EBITDA	$8.2M+64.8%	$5.0M-4.8%	$5.2Mn/m	-$5.5Mn/m	-$215K-105.8%	$3.7M+93.5%	$1.9M-75.3%	$7.7M+92.3%	$4.0M+3453.5%	$113K-98.5%	$7.5Mn/m	-$3.2Mn/m	-$11.2M-174.7%	$15.0M	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
Income Tax	$1.6M+10.4%	$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
Net Income	$3.0M+0.9%	$2.9M+327.5%	$684Kn/m	-$5.2Mn/m	-$851K-147.9%	$1.8M+89.8%	$937K-89.1%	$8.6M+99.3%	$4.3Mn/m	-$5.0M-246.3%	$3.4Mn/m	-$5.5Mn/m	-$11.4M-244.4%	$7.9M+221.4%	$2.4M
EPS (Basic)	$0.250.0%	$0.25+316.7%	$0.06n/m	-$0.46n/m	-$0.08-153.3%	$0.15+87.5%	$0.08-89.2%	$0.74+94.7%	$0.38n/m	-$0.46-239.4%	$0.33n/m	-$0.57n/m	-$1.25-230.2%	$0.96+146.2%	$0.39
EPS (Diluted)	$0.250.0%	$0.25+316.7%	$0.06n/m	-$0.46n/m	-$0.08-153.3%	$0.15+87.5%	$0.08-89.2%	$0.74+94.7%	$0.38n/m	-$0.46-243.8%	$0.32n/m	-$0.57n/m	-$1.25-231.6%	$0.95+143.6%	$0.39
Diluted Shares (Avg)	12M+2.2%	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

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Revenue	$20.7M+6.4%	$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%
Cost of Revenue	$7.5M-6.5%	$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%
Gross Profit	$13.2M+27.3%	$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%
R&D Expenses	$154K-44.6%	$166K-45.4%	$248K-25.8%	$214K-40.5%	$277K-17.7%	$305K-11.8%	$334K-2.3%	$360K-4.9%
SG&A Expenses	$8.5M+24.3%	$7.9M+14.1%	$7.5M+5.8%	$7.5M+8.2%	$6.9M	$6.9M	$7.1M	$7.0M
Operating Income	$4.5M+40.2%	$3.0M+93.5%	$1.3Mn/m	-$1.8Mn/m	$3.2M+300.3%	$1.6M+17.9%	-$487K-147.4%	-$760K-316.8%
EBITDA	$4.8M+34.1%	$3.3M+73.3%	$1.6Mn/m	-$1.5Mn/m	$3.6M+204.4%	$1.9M+12.2%	-$114K-107.9%	-$394K-144.7%
Interest Expense	N/A	N/A	N/A	N/A	N/A	$195K-32.8%	$236K-18.6%	$258K-6.4%
Income Tax	$153K-79.9%	$781K+416.2%	$480K+44.8%	$216K-6.1%	$764K+5.0%	$151K+3.3%	$332K+121.0%	$230K+88.5%
Net Income	$3.8M+46.0%	$1.3M-8.6%	$247Kn/m	-$2.4M-3429.7%	$2.6Mn/m	$1.4M+334.7%	-$1.1M-380.9%	$71K+129.2%
EPS (Basic)	$0.32+45.5%	$0.11-8.3%	$0.02n/m	-$0.20-3433.3%	$0.22n/m	$0.12+300.0%	-$0.10-350.0%	$0.01+100.0%
EPS (Diluted)	$0.32+45.5%	$0.11-8.3%	$0.02n/m	-$0.20-3433.3%	$0.22n/m	$0.12+300.0%	-$0.10-350.0%	$0.01+100.0%
Diluted Shares (Avg)	N/A	12M+1.3%	12M+2.9%	12M+2.5%	N/A	12M+2.2%	11M+1.0%	11M+1.2%

NTWK Balance Sheet

NTWK quarterly balance sheet

Metric	FY2610-K	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
Total Assets	$77.8M+24.7%	$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
Current Assets	$56.9M+22.8%	$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
Cash & Equivalents	$27.1M+56.3%	$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
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Accounts Receivable	$10.3M+36.6%	$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
Long-Term Investments	$0n/m	$0n/m	$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%	$720Kn/m	$0n/m	$0n/m	$0n/m	$0
Goodwill	$9.3M0.0%	$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
Total Liabilities	$28.3M+40.1%	$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
Current Liabilities	$27.6M+40.2%	$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
Non-Current Liabilities	$641K+37.1%	$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
Long-Term Debt	$208K+343.2%	$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
Total Equity	$41.6M+9.9%	$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
Retained Earnings	-$38.3Mn/m	-$41.3Mn/m	-$44.2Mn/m	-$44.9Mn/m	-$39.7Mn/m	-$38.8Mn/m	-$34.3Mn/m	-$35.2Mn/m	-$38.0Mn/m	-$42.3Mn/m	-$37.3Mn/m	-$40.7Mn/m	-$35.2Mn/m	-$23.8Mn/m	-$31.7M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Total Assets	$77.8M+24.7%	$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%
Current Assets	$56.9M+22.8%	$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%
Cash & Equivalents	$27.1M+56.3%	$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%
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Accounts Receivable	$10.3M+36.6%	$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%
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
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	$28.3M+40.1%	$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%
Current Liabilities	$27.6M+40.2%	$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%
Non-Current Liabilities	$641K+37.1%	$613K+20.4%	$752K+25.5%	$443K-35.6%	$468K-40.3%	$509K-47.4%	$599K-46.6%	$687K-26.4%
Long-Term Debt	$208K+343.2%	$244K+181.4%	$257K+196.0%	$135K+2623.1%	$47K+384.9%	$87K+109.4%	$87K-12.6%	$5K-96.4%
Total Equity	$41.6M+9.9%	$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%
Retained Earnings	-$38.3Mn/m	-$42.1Mn/m	-$43.4Mn/m	-$43.6Mn/m	-$41.3Mn/m	-$43.9Mn/m	-$45.3Mn/m	-$44.1Mn/m

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

NTWK Cash Flow Statement

NTWK quarterly cash flow statement

Metric	FY2610-K	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
Operating Cash Flow	$13.9M+3004.2%	$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
Depreciation & Amortization	$1.2M-15.4%	$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
Stock-Based Compensation	$759K+264.7%	$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
Capital Expenditures	$2.0M+45.2%	$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
Free Cash Flow	$11.9Mn/m	-$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%	$13.3Mn/m	-$1.7Mn/m	-$1.7M-210.4%	$1.5M-71.9%	$5.4M+10.5%	$4.9M+52.7%	$3.2M
Investing Cash Flow	-$4.6Mn/m	-$1.3Mn/m	-$292Kn/m	-$1.4Mn/m	-$2.3Mn/m	-$2.5Mn/m	-$2.1Mn/m	-$3.6Mn/m	-$3.7Mn/m	-$2.7Mn/m	-$3.7Mn/m	-$3.0Mn/m	-$14.7Mn/m	-$14.5Mn/m	-$11.4M
Financing Cash Flow	$269K-67.3%	$823K+243.5%	$240Kn/m	-$719Kn/m	-$1.4Mn/m	-$1.2M-168.6%	$1.7M+9804.4%	$17Kn/m	-$1.0M-123.2%	$4.4M+631.8%	$598K-59.1%	$1.5Mn/m	-$233K-113.8%	$1.7M-81.4%	$9.1M
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
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

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Operating Cash Flow	$14.7M+3226.8%	-$1.3Mn/m	-$4.7Mn/m	$5.3M-3.9%	$441K-93.2%	-$363Kn/m	-$5.1Mn/m	$5.5M+231.7%
Depreciation & Amortization	$307K-15.2%	$316K-13.2%	$308K-17.4%	$325K-11.3%	$362K-2.4%	$364K-7.1%	$373K-13.2%	$366K-31.0%
Stock-Based Compensation	N/A	N/A	N/A	$145K+204.3%	N/A	N/A	N/A	$48K-20.8%
Capital Expenditures	$628K+29.4%	$523K+58.7%	$371K-20.6%	$485K+381.7%	$485K+12.0%	$330K-12.7%	$467K+134.9%	$101K-72.9%
Free Cash Flow	$14.0Mn/m	-$1.9Mn/m	-$5.1Mn/m	$4.8M-11.1%	-$44K-100.7%	-$693Kn/m	-$5.6Mn/m	$5.4M+319.3%
Investing Cash Flow	-$2.3Mn/m	-$1.6Mn/m	-$310Kn/m	-$443Kn/m	-$432K-181.3%	-$312Kn/m	-$423Kn/m	-$109Kn/m
Financing Cash Flow	-$101Kn/m	-$355Kn/m	$534K-78.5%	$191K+24.8%	-$43K-121.1%	-$1.8M-3005.4%	$2.5M+14416.9%	$153Kn/m
Share Buybacks	N/A	N/A	N/A	N/A	$0	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	FY2610-K	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
Gross Margin	50.1%+5.5pp	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%
Operating Margin	8.9%+4.1pp	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
Net Margin	3.8%-0.2pp	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%
Return on Equity	7.1%-0.6pp	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%
Return on Assets	3.8%-0.9pp	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%
Current Ratio	2.06-0.3x	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
Debt-to-Equity	0.010.0x	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	0.03
Liabilities-to-Equity	0.68+0.1x	0.53-0.2x	0.71+0.1x	0.64+0.2x	0.480.0x	0.45+0.1x	0.390.0x	0.360.0x	0.360.0x	0.34+0.1x	0.240.0x	0.260.0x	0.26+0.1x	0.18-0.1x	0.27
Asset Turnover	1.00-0.2x	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	0.44
FCF Margin	15.2%+16.5pp	-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%

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Gross Margin	63.6%+10.5pp	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
Operating Margin	21.6%+5.2pp	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
Net Margin	18.1%+4.9pp	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
Return on Equity	9.0%+2.2pp	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
Return on Assets	4.8%+0.7pp	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
Current Ratio	2.06-0.3x	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
Debt-to-Equity	0.010.0x	0.010.0x	0.010.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x
Liabilities-to-Equity	0.68+0.1x	0.74+0.2x	0.580.0x	0.620.0x	0.53-0.2x	0.54-0.1x	0.61+0.1x	0.66+0.1x
Asset Turnover	0.270.0x	0.30-0.1x	0.320.0x	0.260.0x	0.310.0x	0.35+0.1x	0.300.0x	0.240.0x
FCF Margin	67.8%+68.0pp	-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

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	FY2026	$78.1M	$3.0M	3.8%	$99.2M	62/100
Phunware, Inc. PHUN	FY2025	$2.6M	-$11.4M	N/A	$38.9M	51/100
mF International Limited MFI	FY2025	$4.3M	$10.1M	N/A	$421.0M	37/100
YXT.COM GROUP HOLDING LIMITED YXT	FY2025	$48.7M	-$22.7M	-46.7%	$9.1M	44/100
Intellinetics, Inc. INLX	FY2025	$16.6M	-$1.9M	-11.3%	$18.4M	34/100

Where NetSol Technologies, Inc. Ranks

Frequently Asked Questions

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

NetSol Technologies, Inc. (NTWK) reported $78.1M in total revenue for fiscal year 2026. This represents a 6.9% 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 6.9% year-over-year, from $73.1M to $78.1M in fiscal year 2026.

Is NetSol Technologies, Inc. profitable?

Yes, NetSol Technologies, Inc. (NTWK) reported a net income of $3.0M in fiscal year 2026, with a net profit margin of 3.8%.

What is NetSol Technologies, Inc.'s EBITDA?

NetSol Technologies, Inc. (NTWK) had EBITDA of $8.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does NetSol Technologies, Inc. have?

As of fiscal year 2026, NetSol Technologies, Inc. (NTWK) had $27.1M in cash and equivalents against $208K in long-term debt.

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

NetSol Technologies, Inc. (NTWK) had a gross margin of 50.1% in fiscal year 2026, 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 8.9% in fiscal year 2026, 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 3.8% in fiscal year 2026, 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 7.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

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

NetSol Technologies, Inc. (NTWK) generated $11.9M in free cash flow during fiscal year 2026. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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 $13.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

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

NetSol Technologies, Inc. (NTWK) had $77.8M in total assets as of fiscal year 2026, including both current and long-term assets.

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

NetSol Technologies, Inc. (NTWK) invested $2.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

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

NetSol Technologies, Inc. (NTWK) invested $782K in research and development during fiscal year 2026.

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

NetSol Technologies, Inc. (NTWK) had 12M shares outstanding as of fiscal year 2026.

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

NetSol Technologies, Inc. (NTWK) had a current ratio of 2.06 as of fiscal year 2026, 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 0.01 as of fiscal year 2026. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

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

NetSol Technologies, Inc. (NTWK) had a liabilities-to-equity ratio of 0.68 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

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

NetSol Technologies, Inc. (NTWK) had a return on assets of 3.8% for fiscal year 2026, 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 33.6x earnings, its market capitalization divided by $3.0M net income, FY2026. The market capitalization is $99.2M as of Oct 27, 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 1.3x sales, its market capitalization divided by $78.1M revenue, FY2026. The market capitalization is $99.2M as of Oct 27, 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 3.16, placing it in the Safe Zone (low bankruptcy 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 4 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 4.71x, considered cash-backed (high quality). 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 62 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average 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.