NETSOL TECHNOLOGIES INC NTWK
Technologies' solutions and services enable original equipment manufacturers (OEMs), dealerships and financial institutions to
sell, finance and lease assets. The company serves customers across over 30 countries. NETSOL has been at the cutting edge of technology,
pioneering innovations with its asset finance solutions and leveraging advanced AI and cloud services to meet the complex needs of the
global market. Renowned for its deep industry expertise, customer-centric approach and commitment to excellence, NETSOL fosters strong
Last close
4.08
2026-09-04
Market cap
$48.5M
2026-03-31 share count
52-week range
2.73 - 5.75
Valuation FY2025 figures against the last close
P/S0.7x
P/E16.3x
P/FCF—
EV/EBITDA6.3x
Dividend yield—
Diluted EPS0.25
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $66.1M | $61.4M | $52.4M | $57.2M | $54.9M | $56.4M | $67.8M | $60.9M | $65.4M | $64.6M |
| Cost of revenue | $33.5M | $32.1M | $35.5M | $33.5M | $28.6M | $29.4M | $32.9M | $31.7M | $37.0M | $33.7M |
| Gross profit | $32.6M | $29.3M | $16.9M | $23.7M | $26.4M | $27.0M | $34.9M | $29.2M | $28.4M | $30.8M |
| R&D | $1.3M | $1.4M | $1.6M | $1.3M | $674.2K | $1.5M | $2.0M | $854.0K | $393.3K | $485.8K |
| SG&A | $27.8M | $24.4M | — | $15.4M | $15.4M | $17.1M | $17.4M | $16.7M | $16.7M | $14.7M |
| Total operating expenses | $29.1M | $25.8M | $25.7M | $24.8M | $23.6M | $25.9M | $28.1M | $26.2M | $29.4M | $24.5M |
| Operating income | $3.5M | $3.5M | -$8.8M | -$1.1M | $2.7M | $1.1M | $6.8M | $3.1M | -$1.0M | $6.3M |
| Interest expense | — | $1.1M | $765.0K | $369.8K | $394.3K | $346.9K | $311.8K | $422.3K | $310.0K | $264.5K |
| Pre-tax income | $6.0M | $3.2M | -$3.2M | $2.1M | $3.3M | $2.3M | $13.1M | $8.0M | -$804.5K | $5.7M |
| Income tax | $1.5M | $1.1M | $926.6K | $988.9K | $1.0M | $1.1M | $1.1M | $873.0K | $932.0K | $652.5K |
| Net income | $2.9M | $683.9K | -$5.2M | -$851.2K | $1.8M | $937.1K | $8.6M | $4.3M | -$5.0M | $3.4M |
| EPS, basic | 0.25 | 0.06 | -0.46 | -0.08 | 0.15 | 0.08 | 0.74 | 0.38 | -0.46 | 0.33 |
| EPS, diluted | 0.25 | 0.06 | -0.46 | -0.08 | 0.15 | 0.08 | 0.74 | 0.38 | -0.46 | 0.32 |
| Shares, diluted (wtd. avg.) | $11.6M | $11.4M | $11.3M | $11.3M | $11.5M | $11.8M | $11.6M | $11.2M | $10.9M | $10.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $17.4M | $19.1M | $15.5M | $24.0M | $33.7M | $20.2M | $17.4M | $22.1M | $14.2M | $11.6M |
| Receivables | $7.5M | $13.0M | $11.7M | $8.7M | $4.2M | $10.1M | $12.3M | $12.8M | $6.6M | $9.7M |
| Total current assets | $46.3M | $47.5M | $41.6M | $49.4M | $55.6M | $51.9M | $50.9M | $57.4M | $44.3M | $40.5M |
| Property, plant and equipment | $5.1M | $5.1M | $6.2M | $9.4M | $12.1M | $11.3M | $12.1M | $16.2M | $20.4M | $22.8M |
| Goodwill | $9.3M | $9.3M | $9.3M | $9.3M | $9.5M | $9.5M | $9.5M | $9.5M | $9.5M | $9.5M |
| Other intangibles | — | — | $127.9K | $1.6M | $3.9M | $5.4M | $7.3M | $12.2M | $17.0M | $19.7M |
| Total assets | $62.4M | $64.2M | $58.4M | $72.6M | $86.6M | $88.5M | $87.5M | $99.8M | $99.7M | $93.3M |
| Accounts payable | $981.5K | $1.4M | $1.1M | $1.2M | $1.1M | $1.4M | $1.2M | $1.7M | $1.5M | $1.3M |
| Short-term debt | $29.7K | $47.2K | $161.6K | $630.7K | $1.1M | $553.4K | — | — | — | — |
| Total current liabilities | $19.7M | $23.9M | $20.8M | $20.8M | $23.5M | $20.1M | $20.4M | $22.5M | $21.1M | $15.2M |
| Long-term debt | $47.0K | $9.7K | $172.8K | $1.1M | $1.8M | $1.9M | — | — | — | — |
| Total liabilities | $20.2M | $24.7M | $21.6M | $21.8M | $24.7M | $23.0M | $21.0M | $22.8M | $21.5M | $15.7M |
| Retained earnings | -$41.3M | -$44.2M | -$44.9M | -$39.7M | -$38.8M | -$34.3M | -$35.2M | -$38.0M | -$42.3M | -$37.3M |
| Total equity | $37.8M | $34.8M | $36.8M | $50.9M | $61.9M | $65.5M | $66.5M | $76.9M | $78.2M | $77.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $447.3K | $2.9M | $2.0M | $3.1M | $15.7M | $4.0M | $4.9M | $15.7M | $454.4K | $1.7M |
| Depreciation and amortisation | $1.5M | $1.7M | $3.2M | $3.8M | $965.6K | $834.6K | $897.8K | $962.7K | $1.1M | $1.2M |
| Stock-based compensation | $208.1K | $308.6K | $317.5K | $104.3K | $342.2K | $808.6K | $1.1M | $1.9M | $2.5M | $1.3M |
| Capital expenditure | $1.4M | $515.4K | $1.6M | $2.6M | $2.6M | $1.4M | $2.7M | $2.4M | $2.2M | $3.3M |
| Investing cash flow | -$1.3M | -$291.5K | -$1.4M | -$2.3M | -$2.5M | -$2.1M | -$3.6M | -$3.7M | -$2.7M | -$3.7M |
| Financing cash flow | $822.9K | $239.6K | -$719.0K | -$1.4M | -$1.2M | $1.7M | $17.2K | -$1.0M | $4.4M | $598.2K |
| Dividends paid | — | — | — | — | — | $1.9M | $566.5K | $417.9K | $2.2M | $1.0M |
| Buybacks | $1.5M | — | $61.1K | $100.1K | $2.4M | — | $250.9K | $750.7K | $38.9K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-25-015950.
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