NETSOL TECHNOLOGIES INC NTWK

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

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 7.86 2026-10-23
Market cap $93.3M 2026-03-31 share count
52-week range 2.73 - 8.20

Valuation FY2025 figures against the last close

P/S1.4x
P/E31.4x
P/FCF—
EV/EBITDA15.3x
Dividend yield—
Diluted EPS0.25

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • China
  • United Kingdom
  • United States
  • Australia And New Zealand
  • Indonesia
  • Thailand
  • Pakistan And India
  • Other Countries
  • Korea, Republic Of
  • Mexico
  • South Africa
Revenue by geography, 11 categories over 2 years. The same figures are in the table below. FY2025 China, FY2025: 17M (25.8%) 26% China United Kingdom, FY2025: 14.6M (22.2%) 22% United Kingdom United States, FY2025: 10.8M (16.3%) 16% United States Australia And New Zealand, FY2025: 8.6M (13.0%) 13% Indonesia, FY2025: 4.1M (6.3%) 6% Thailand, FY2025: 2.7M (4.2%) 4% Pakistan And India, FY2025: 2.3M (3.5%) 3% Other Countries, FY2025: 2.3M (3.5%) 3% Korea, Republic Of, FY2025: 1.5M (2.3%) Mexico, FY2025: 1.2M (1.9%) South Africa, FY2025: 814.8K (1.2%) FY2024 China, FY2024: 20.7M (33.8%) 34% United Kingdom, FY2024: 12M (19.5%) 19% United States, FY2024: 4.9M (7.9%) 8% Australia And New Zealand, FY2024: 5.5M (8.9%) 9% Indonesia, FY2024: 4.5M (7.3%) 7% Thailand, FY2024: 3.6M (5.9%) 6% Pakistan And India, FY2024: 2.2M (3.6%) 4% Other Countries, FY2024: 3.6M (5.9%) 6% Korea, Republic Of, FY2024: 2.5M (4.1%) 4% Mexico, FY2024: 1.1M (1.8%) South Africa, FY2024: 857.2K (1.4%)
Region FY2025FY2024
China $17.0M $20.7M
United Kingdom $14.6M $12.0M
United States $10.8M $4.9M
Australia And New Zealand $8.6M $5.5M
Indonesia $4.1M $4.5M
Thailand $2.7M $3.6M
Pakistan And India $2.3M $2.2M
Other Countries $2.3M $3.6M
Korea, Republic Of $1.5M $2.5M
Mexico $1.2M $1.1M
South Africa $814.8K $857.2K

As the company reported it, from the “SCHEDULE OF GEOGRAPHIC INFORMATION (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 0.250.06-0.46-0.080.150.080.740.38-0.460.33
EPS, diluted 0.250.06-0.46-0.080.150.080.740.38-0.460.32
Shares, diluted (wtd. avg.) 11.6M11.4M11.3M11.3M11.5M11.8M11.6M11.2M10.9M10.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20M 0 20M 40M 60M 80M Revenue, FY2016: 64.6M Gross profit, FY2016: 30.8M Net income, FY2016: 3.4M Revenue, FY2017: 65.4M Gross profit, FY2017: 28.4M Net income, FY2017: -5M Revenue, FY2018: 60.9M Gross profit, FY2018: 29.2M Net income, FY2018: 4.3M Revenue, FY2019: 67.8M Gross profit, FY2019: 34.9M Net income, FY2019: 8.6M Revenue, FY2020: 56.4M Gross profit, FY2020: 27M Net income, FY2020: 937.1K Revenue, FY2021: 54.9M Gross profit, FY2021: 26.4M Net income, FY2021: 1.8M Revenue, FY2022: 57.2M Gross profit, FY2022: 23.7M Net income, FY2022: -851.2K Revenue, FY2023: 52.4M Gross profit, FY2023: 16.9M Net income, FY2023: -5.2M Revenue, FY2024: 61.4M Gross profit, FY2024: 29.3M Net income, FY2024: 683.9K Revenue, FY2025: 66.1M Gross profit, FY2025: 32.6M Net income, FY2025: 2.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $64.6M $65.4M $60.9M $67.8M $56.4M $54.9M $57.2M $52.4M $61.4M $66.1M
Gross profit $30.8M $28.4M $29.2M $34.9M $27.0M $26.4M $23.7M $16.9M $29.3M $32.6M
Net income $3.4M -$5.0M $4.3M $8.6M $937.1K $1.8M -$851.2K -$5.2M $683.9K $2.9M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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