NetSol Technologies, Inc. (NTWK) 10-Year Financial Performance & Capital Metrics

NTWK • • Industrial / General

TechnologyApplication SoftwareFinancial Technology & PaymentsDigital Banking Platforms

AboutNetSol Technologies, Inc. designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry. Its NFS Ascent constituent applications include Omni Point of Sale, a web-based application; Contract Management System (CMS), an application for managing and maintaining credit contracts; Wholesale Finance System (WFS), a system for automating and managing the lifecycle of wholesale finance; Dealer Auditor Access System, a web-based solution that could be used in conjunction with WFS or any third-party wholesale finance system; NFS Ascent On The Cloud, a cloud-version of NFS Ascent; and NFS Digital solutions covering Self Point of Sale, Mobile Account, Mobile Point of Sale, Mobile Dealer, Mobile Auditor, Mobile Collector, and Mobile Field Investigator. The company also provides Otoz Digital Auto-Retail, a white-labelled SaaS platform; Otoz Ecosystem, an API-based architecture; and Otoz Platform, a white label platform, which includes Dealer Tool and Customer App portals. In addition, it offers system integration, consulting, and IT products and services. It serves blue chip organizations, Dow-Jones 30 Industrials, Fortune 500 manufacturers and financial institutions, vehicle manufacturers, and enterprise technology providers. The company was incorporated in 1997 and is headquartered in Calabasas, California.Show more

Revenue $66M +7.6%
EBITDA $5M -4.8%
Net Income $3M +327.5%
EPS (Diluted) 0.25 +316.7%
Gross Margin 49.29% +3.3%
EBITDA Margin 7.51% -11.6%
Operating Margin 5.3% -6.9%
Net Margin 4.42% +297.1%
ROE 7.15% +298.8%
ROIC 8.46% -8.9%
Debt/Equity 0.22 +11.5%
Interest Coverage 4.02 +31.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 25.6%
✓Trading at only 0.9x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.62%

5Y3.23%

3Y4.9%

TTM7.7%

Profit (Net Income) CAGR

10Y-

5Y25.55%

3Y-

TTM-31.59%

EPS CAGR

10Y-

5Y25.75%

3Y-

TTM-36.85%

ROCE

10Y Avg2.2%

5Y Avg0%

3Y Avg-0.75%

Latest8.43%

Peer Comparison

Digital Banking Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GWREGuidewire Software, Inc.	14.12B	166.09	205.05	22.64%	7.23%	6%	2.09%	0.49
DAVEDave Inc.	2.34B	192.06	45.84	33.96%	29.87%	50.37%	5.33%	0.41
INTUIntuit Inc.	154.33B	554.58	40.57	15.63%	21.19%	21.31%	3.94%	0.34
CCBCoastal Financial Corporation	1.72B	113.69	34.98	30.92%	7.84%	10.04%	14.54%	0.12
SPNSSapiens International Corporation N.V.	2.43B	43.45	33.68	5.4%	11.4%	12.2%	2.97%	0.13
SSNCSS&C Technologies Holdings, Inc.	21B	86.05	28.68	6.89%	13.86%	12.2%	6.32%	1.09
TBBKThe Bancorp, Inc.	3.09B	70.39	16.41	16.11%	30.63%	29.28%	7.2%	0.16
CWANClearwater Analytics Holdings, Inc.	6.98B	24.19	14.40	22.72%	61.25%	19.6%	0.99%	0.07

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	64.55M	65.37M	60.93M	67.82M	56.37M	54.92M	57.25M	52.39M	61.39M	66.09M
Revenue Growth %	0.26%	0.01%	-0.07%	0.11%	-0.17%	-0.03%	0.04%	-0.08%	0.17%	0.08%
Cost of Goods Sold+	33.75M	36.96M	31.72M	33.37M	29.41M	28.57M	33.51M	35.48M	32.11M	33.51M
COGS % of Revenue	0.52%	0.57%	0.52%	0.49%	0.52%	0.52%	0.59%	0.68%	0.52%	0.51%
Gross Profit+	30.8M	28.41M	29.21M	34.45M	26.96M	26.35M	23.74M	16.92M	29.28M	32.57M
Gross Margin %	0.48%	0.43%	0.48%	0.51%	0.48%	0.48%	0.41%	0.32%	0.48%	0.49%
Gross Profit Growth %	0.71%	-0.08%	0.03%	0.18%	-0.22%	-0.02%	-0.1%	-0.29%	0.73%	0.11%
Operating Expenses+	24.5M	29.41M	26.15M	27.62M	25.89M	23.63M	24.82M	25.7M	25.79M	29.07M
OpEx % of Revenue	0.38%	0.45%	0.43%	0.41%	0.46%	0.43%	0.43%	0.49%	0.42%	0.44%
Selling, General & Admin	22.79M	26.49M	23.87M	24.75M	23.59M	21.99M	22.61M	24.09M	24.39M	27.8M
SG&A % of Revenue	0.35%	0.41%	0.39%	0.36%	0.42%	0.4%	0.39%	0.46%	0.4%	0.42%
Research & Development	485.78K	393.35K	854K	1.97M	1.47M	674.17K	1.34M	1.6M	1.4M	1.28M
R&D % of Revenue	0.01%	0.01%	0.01%	0.03%	0.03%	0.01%	0.02%	0.03%	0.02%	0.02%
Other Operating Expenses	224.93K	50.38K	42.85K	897.8K	834.58K	965.63K	863.18K	0	0	0
Operating Income+	6.3M	-1M	3.05M	6.83M	1.07M	2.72M	-1.08M	-8.78M	3.49M	3.5M
Operating Margin %	0.1%	-0.02%	0.05%	0.1%	0.02%	0.05%	-0.02%	-0.17%	0.06%	0.05%
Operating Income Growth %	2.22%	-1.16%	4.05%	1.24%	-0.84%	1.54%	-1.4%	-7.14%	1.4%	0%
EBITDA+	13.45M	5.56M	8.63M	11.25M	4.8M	6.68M	2.73M	-5.54M	5.22M	4.97M
EBITDA Margin %	0.21%	0.09%	0.14%	0.17%	0.09%	0.12%	0.05%	-0.11%	0.08%	0.08%
EBITDA Growth %	1.6%	-0.59%	0.55%	0.3%	-0.57%	0.39%	-0.59%	-3.02%	1.94%	-0.05%
D&A (Non-Cash Add-back)	7.15M	6.56M	5.57M	4.42M	3.73M	3.96M	3.81M	3.24M	1.72M	1.46M
EBIT	5.97M	-494.44K	8.45M	13.39M	2.68M	3.68M	2.46M	-2.45M	4.37M	3.5M
Net Interest Income+	-102.72K	-130.32K	169.83K	643.26K	1.22M	623.14K	1.29M	452.82K	769.09K	999.68K
Interest Income	161.79K	179.72K	592.15K	955.06K	1.57M	1.02M	1.66M	1.22M	1.91M	1.87M
Interest Expense	264.51K	310.04K	422.33K	311.8K	346.86K	394.29K	369.8K	765.03K	1.14M	871.36K
Other Income/Expense	-592.01K	196.73K	4.97M	6.25M	1.26M	567.4K	3.17M	5.56M	-270.11K	2.55M
Pretax Income+	5.71M	-804.49K	8.02M	13.08M	2.33M	3.29M	2.09M	-3.22M	3.22M	6.05M
Pretax Margin %	0.09%	-0.01%	0.13%	0.19%	0.04%	0.06%	0.04%	-0.06%	0.05%	0.09%
Income Tax+	652.55K	931.95K	873.03K	1.06M	1.14M	1.03M	988.94K	926.56K	1.15M	1.48M
Effective Tax Rate %	0.6%	6.19%	0.54%	0.92%	0.4%	0.54%	-0.41%	1.63%	0.21%	0.48%
Net Income+	3.4M	-4.98M	4.31M	12.02M	937.08K	1.78M	-851.16K	-5.24M	683.87K	2.92M
Net Margin %	0.05%	-0.08%	0.07%	0.18%	0.02%	0.03%	-0.01%	-0.1%	0.01%	0.04%
Net Income Growth %	1.61%	-2.46%	1.87%	1.79%	-0.92%	0.9%	-1.48%	-5.16%	1.13%	3.27%
Net Income (Continuing)	5.06M	-1.74M	7.15M	12.02M	1.19M	2.26M	1.1M	-4.14M	2.08M	4.57M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	13.34M	14.8M	14.15M	8.41M	6.49M	7.22M	5.45M	2.98M	4.69M	4.43M
EPS (Diluted)+	0.32	-0.46	0.38	1.03	0.08	0.15	-0.08	-0.46	0.06	0.25
EPS Growth %	1.56%	-2.44%	1.83%	1.71%	-0.92%	0.89%	-1.5%	-5.08%	1.13%	3.17%
EPS (Basic)	0.33	-0.46	0.38	1.04	0.08	0.15	-0.08	-0.46	0.06	0.25
Diluted Shares Outstanding	10.58M	10.91M	11.2M	11.62M	11.78M	11.5M	11.25M	11.28M	11.42M	11.58M
Basic Shares Outstanding	10.39M	10.82M	11.2M	11.6M	11.73M	11.5M	11.25M	11.28M	11.38M	11.58M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	40.45M	44.27M	57.35M	54.59M	51.9M	55.58M	49.43M	41.6M	47.46M	46.32M
Cash & Short-Term Investments	11.56M	14.17M	22.09M	17.37M	20.17M	33.71M	23.96M	15.53M	19.13M	17.36M
Cash Only	11.56M	14.17M	22.09M	17.37M	20.17M	33.71M	23.96M	15.53M	19.13M	17.36M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	26.68M	28.02M	33.1M	34.85M	29.9M	19.01M	23.24M	24.09M	25.73M	25.76M
Days Sales Outstanding	150.86	156.44	198.31	187.54	193.62	126.32	148.18	167.84	153	142.26
Inventory	0	0	0	1.97M	1.71M	0	1.92M	1.69M	-559.25K	0
Days Inventory Outstanding	-	-	-	21.59	21.17	-	20.88	17.38	-	-
Other Current Assets	1.83M	2.07M	4.16M	586.33K	-916.59K	223.6K	-1.08M	-1.01M	1.55M	3.2M
Total Non-Current Assets+	52.9M	55.41M	42.42M	32.91M	36.58M	31.03M	23.18M	16.78M	16.72M	16.12M
Property, Plant & Equipment	22.77M	20.37M	16.17M	12.1M	13.69M	13.44M	10.35M	7.31M	6.44M	5.88M
Fixed Asset Turnover	2.83x	3.21x	3.77x	5.61x	4.12x	4.09x	5.53x	7.16x	9.54x	11.23x
Goodwill	9.52M	9.52M	9.52M	9.52M	9.52M	9.52M	9.3M	9.3M	9.3M	9.3M
Intangible Assets	19.67M	17.04M	12.25M	7.33M	5.39M	3.9M	1.59M	127.93K	0	0
Long-Term Investments	720.35K	3.06M	3.22M	2.65M	2.39M	3.16M	1.06M	25.4K	979.42K	903.77K
Other Non-Current Assets	-264.44K	4.08M	862.12K	23.57K	41.99K	55.13K	879.15K	6.93K	6.94K	32.33K
Total Assets+	93.35M	99.68M	99.77M	87.5M	88.47M	86.61M	72.61M	58.38M	64.19M	62.44M
Asset Turnover	0.69x	0.66x	0.61x	0.78x	0.64x	0.63x	0.79x	0.90x	0.96x	1.06x
Asset Growth %	0.05%	0.07%	0%	-0.12%	0.01%	-0.02%	-0.16%	-0.2%	0.1%	-0.03%
Total Current Liabilities+	15.23M	21.12M	22.51M	20.45M	20.12M	23.48M	20.83M	20.77M	23.87M	19.71M
Accounts Payable	1.35M	1.47M	1.67M	1.16M	1.35M	1.07M	1.18M	1.11M	1.43M	8.01M
Days Payables Outstanding	14.56	14.48	19.17	12.65	16.77	13.64	12.8	11.47	16.22	87.25
Short-Term Debt	3.95M	10.22M	8.6M	6.91M	10.25M	11.22M	8.34M	5.61M	6.21M	8.24M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	4.47M	4.62M	5.68M	5.25M	88.32K	1.18M	4.09M	759.29K	455.6K	0
Current Ratio	2.66x	2.10x	2.55x	2.67x	2.58x	2.37x	2.37x	2.00x	1.99x	2.35x
Quick Ratio	2.66x	2.10x	2.55x	2.57x	2.50x	2.37x	2.28x	1.92x	2.01x	2.35x
Cash Conversion Cycle	-	-	-	196.48	198.03	-	156.25	173.75	-	-
Total Non-Current Liabilities+	477.69K	366.76K	330.6K	564.57K	2.88M	1.26M	923.48K	828.42K	784.52K	467.98K
Long-Term Debt	0	0	0	67.13K	1.36M	651.23K	12.87K	0	0	134.61K
Capital Lease Obligations	477.69K	366.76K	330.6K	497.44K	1.52M	612.87K	910.62K	828.42K	784.52K	333.37K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	15.71M	21.48M	22.84M	21.01M	23M	24.74M	21.75M	21.6M	24.65M	20.18M
Total Debt+	4.92M	10.59M	8.93M	7.47M	14.54M	13.49M	10.04M	7.11M	7.67M	9.14M
Net Debt	-6.64M	-3.58M	-13.16M	-9.9M	-5.63M	-20.22M	-13.92M	-8.42M	-11.46M	-8.22M
Debt / Equity	0.06x	0.14x	0.12x	0.11x	0.22x	0.22x	0.20x	0.19x	0.19x	0.22x
Debt / EBITDA	0.37x	1.90x	1.03x	0.66x	3.03x	2.02x	3.67x	-	1.47x	1.84x
Net Debt / EBITDA	-0.49x	-0.64x	-1.53x	-0.88x	-1.17x	-3.03x	-5.09x	-	-2.20x	-1.65x
Interest Coverage	23.82x	-3.23x	7.23x	21.90x	3.09x	6.90x	-2.92x	-11.48x	3.06x	4.02x
Total Equity+	77.64M	78.19M	76.94M	66.48M	65.48M	61.87M	50.85M	36.78M	39.53M	42.26M
Equity Growth %	0.05%	0.01%	-0.02%	-0.14%	-0.02%	-0.06%	-0.18%	-0.28%	0.07%	0.07%
Book Value per Share	7.34	7.17	6.87	5.72	5.56	5.38	4.52	3.26	3.46	3.65
Total Shareholders' Equity	64.3M	63.39M	62.79M	58.07M	58.99M	54.65M	45.4M	33.81M	34.84M	37.83M
Common Stock	107.13K	112.25K	117.08K	119.12K	121.22K	121.82K	121.97K	122.85K	123.6K	127.01K
Retained Earnings	-37.32M	-42.3M	-37.99M	-35.21M	-34.27M	-38.8M	-39.65M	-44.9M	-44.21M	-41.29M
Treasury Stock	-415.43K	-454.31K	-1.21M	-1.46M	-1.46M	-3.82M	-3.92M	-3.92M	-3.92M	-3.92M
Accumulated OCI	-18.73M	-18.07M	-24.39M	-33.13M	-34.09M	-31.87M	-39.36M	-45.98M	-45.94M	-46.61M
Minority Interest	13.34M	14.8M	14.15M	8.41M	6.49M	7.22M	5.45M	2.98M	4.69M	4.43M

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	1.66M	454.37K	15.71M	4.93M	3.97M	15.73M	3.06M	2.01M	2.91M	447.27K
Operating CF Margin %	0.03%	0.01%	0.26%	0.07%	0.07%	0.29%	0.05%	0.04%	0.05%	0.01%
Operating CF Growth %	-0.67%	-0.73%	33.59%	-0.69%	-0.19%	2.96%	-0.81%	-0.34%	0.45%	-0.85%
Net Income	5.06M	-1.74M	7.15M	12.02M	937.08K	2.26M	1.1M	-4.14M	2.08M	4.57M
Depreciation & Amortization	7.15M	6.56M	5.57M	4.42M	3.73M	3.96M	3.81M	3.24M	1.72M	1.46M
Stock-Based Compensation	1.53M	2.76M	1.86M	1.13M	0	342.15K	104.35K	317.45K	308.57K	208.12K
Deferred Taxes	0	0	-2.84M	0	0	0	0	0	0	0
Other Non-Cash Items	1.75M	4.2M	3.73M	1.28M	1.83M	-356.29K	2.46M	3.84M	-131K	397.61K
Working Capital Changes	-12.3M	-8.57M	241.23K	-13.92M	-2.53M	9.52M	-4.42M	-1.24M	-1.07M	-6.19M
Change in Receivables	-6.32M	5.1M	-10.47M	-2.81M	846.44K	6.86M	-5.67M	-6.86M	-1.9M	245.29K
Change in Inventory	0	0	0	47.82K	0	-474.1K	-1.12M	-709.76K	0	0
Change in Payables	558.03K	751.84K	1.65M	-47.82K	-1.4M	474.1K	1.12M	709.76K	1.61M	-197.31K
Cash from Investing+	-3.67M	-2.73M	-3.69M	-3.65M	-2.05M	-2.52M	-2.26M	-1.4M	-291.54K	-1.27M
Capital Expenditures	-3.34M	-2.2M	-2.45M	-2.73M	-1.38M	-2.55M	-2.61M	-1.64M	-515.4K	-1.38M
CapEx % of Revenue	0.05%	0.03%	0.04%	0.04%	0.02%	0.05%	0.05%	0.03%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	986.43K	581.02K	-1.92M	-355.62K	-600K	188.23K	950.35K	61.12K	223.87K	107.91K
Cash from Financing+	598.18K	4.38M	-1.02M	17.17K	1.7M	-1.17M	-1.38M	-718.99K	239.55K	822.88K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	150.37K	-1.21M	-5.19K	-478.82K	-1.92M	0	0	0	0	-306.8K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.68M	-1.75M	13.26M	2.21M	2.6M	13.17M	451.42K	370.13K	2.39M	-935.5K
FCF Margin %	-0.03%	-0.03%	0.22%	0.03%	0.05%	0.24%	0.01%	0.01%	0.04%	-0.01%
FCF Growth %	-2.1%	-0.04%	8.58%	-0.83%	0.18%	4.08%	-0.97%	-0.18%	5.47%	-1.39%
FCF per Share	-0.16	-0.16	1.18	0.19	0.22	1.15	0.04	0.03	0.21	-0.08
FCF Conversion (FCF/Net Income)	0.49x	-0.09x	3.65x	0.41x	4.24x	8.84x	-3.60x	-0.38x	4.25x	0.15x
Interest Paid	251.55K	225.64K	390.65K	293.97K	0	455.65K	433.08K	679.92K	1.58M	841.96K
Taxes Paid	391.29K	195.73K	700.13K	848.5K	0	601.7K	1.23M	982.73K	704.87K	1.41M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	4.5%	-6.39%	5.55%	16.76%	1.42%	2.79%	-1.51%	-11.97%	1.79%	7.15%
Return on Invested Capital (ROIC)	7.01%	-1.03%	3.31%	8.51%	1.38%	4.02%	-2.06%	-20.17%	9.29%	8.46%
Gross Margin	47.72%	43.46%	47.94%	50.79%	47.83%	47.98%	41.46%	32.29%	47.7%	49.29%
Net Margin	5.27%	-7.62%	7.07%	17.72%	1.66%	3.24%	-1.49%	-10.01%	1.11%	4.42%
Debt / Equity	0.06x	0.14x	0.12x	0.11x	0.22x	0.22x	0.20x	0.19x	0.19x	0.22x
Interest Coverage	23.82x	-3.23x	7.23x	21.90x	3.09x	6.90x	-2.92x	-11.48x	3.06x	4.02x
FCF Conversion	0.49x	-0.09x	3.65x	0.41x	4.24x	8.84x	-3.60x	-0.38x	4.25x	0.15x
Revenue Growth	26.45%	1.26%	-6.79%	11.31%	-16.88%	-2.58%	4.24%	-8.48%	17.18%	7.65%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Subscription and Support	-	-	-	-	-	22.17M	-	25.98M	27.95M	32.93M
Subscription and Support Growth	-	-	-	-	-	-	-	-	7.59%	17.82%
Service	-	-	-	-	-	-	24.42M	24.14M	27.99M	32.55M
Service Growth	-	-	-	-	-	-	-	-1.15%	15.94%	16.31%
License	-	-	-	-	4.56M	-	4.54M	2.27M	5.45M	598.63K
License Growth	-	-	-	-	-	-	-	-50.00%	140.13%	-89.02%
Subscription And Support	-	-	-	-	-	-	28.28M	-	-	-
Subscription And Support Growth	-	-	-	-	-	-	-	-	-	-
Services	-	-	33.61M	34.19M	32.56M	26.45M	-	-	-	-
Services Growth	-	-	-	1.71%	-4.77%	-18.76%	-	-	-	-
License Fees	-	-	6.6M	16.77M	-	6.25M	-	-	-	-
License Fees Growth	-	-	-	154.14%	-	-	-	-	-	-
Services - Related Party	-	-	5.66M	1.34M	300.82K	48.77K	-	-	-	-
Services - Related Party Growth	-	-	-	-76.26%	-77.60%	-83.79%	-	-	-	-
Maintenance	-	-	-	-	18.95M	-	-	-	-	-
Maintenance Growth	-	-	-	-	-	-	-	-	-	-
Maintenance Fees	-	-	14.38M	15.01M	-	-	-	-	-	-
Maintenance Fees Growth	-	-	-	4.37%	-	-	-	-	-	-
Maintenance Fees - Related Party	-	-	418.44K	511.24K	-	-	-	-	-	-
Maintenance Fees - Related Party Growth	-	-	-	22.18%	-	-	-	-	-	-
License Fees - Related Party	-	-	261.51K	-	-	-	-	-	-	-
License Fees - Related Party Growth	-	-	-	-	-	-	-	-	-	-
Unaffiliated Customers	51.95M	57.18M	-	-	-	-	-	-	-	-
Unaffiliated Customers Growth	-	10.06%	-	-	-	-	-	-	-	-
Affiliated Customers	12.6M	8.19M	-	-	-	-	-	-	-	-
Affiliated Customers Growth	-	-34.99%	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Asia - Pacific	48.42M	52.89M	-	-	-	-	-	35.52M	43.49M	46.44M
Asia - Pacific Growth	-	9.25%	-	-	-	-	-	-	22.45%	6.78%
Europe	10.67M	6.85M	-	-	-	-	10.43M	10.76M	11.97M	14.64M
Europe Growth	-	-35.80%	-	-	-	-	-	3.17%	11.24%	22.36%
North America	5.46M	5.62M	-	-	-	-	-	6.12M	5.93M	12M
North America Growth	-	2.92%	-	-	-	-	-	-	-3.00%	102.30%
Australia & New Zealand	4.31M	6.62M	3.55M	5.68M	3.15M	4.77M	6.55M	-	-	-
Australia & New Zealand Growth	-	53.61%	-46.32%	59.99%	-44.59%	51.48%	37.20%	-	-	-
Other Countries	4.21M	4.39M	2.07M	5.36M	4.51M	2.28M	3.9M	-	-	-
Other Countries Growth	-	4.10%	-52.75%	158.57%	-15.79%	-49.40%	71.02%	-	-	-
China	17.28M	27.17M	18.44M	31.62M	20.07M	22.72M	-	-	-	-
China Growth	-	57.27%	-32.12%	71.46%	-36.55%	13.21%	-	-	-	-
UK	16.89M	13.15M	12.97M	9.85M	12.28M	11.28M	-	-	-	-
UK Growth	-	-22.15%	-1.36%	-24.06%	24.60%	-8.08%	-	-	-	-
Thailand	6.43M	3.89M	7.05M	3.3M	3.81M	4.52M	-	-	-	-
Thailand Growth	-	-39.53%	81.36%	-53.13%	15.24%	18.66%	-	-	-	-
Indonesia	6.2M	3.27M	8.29M	3.91M	5.61M	3.22M	-	-	-	-
Indonesia Growth	-	-47.35%	154.02%	-52.87%	43.54%	-42.59%	-	-	-	-
Pakistan & India	1.84M	1.65M	2.1M	2.01M	2.01M	1.48M	-	-	-	-
Pakistan & India Growth	-	-10.24%	26.75%	-4.24%	0.10%	-26.42%	-	-	-	-
Mexico	1.54M	1.84M	1.24M	1.04M	987.19K	1.03M	-	-	-	-
Mexico Growth	-	18.98%	-32.63%	-16.19%	-4.73%	4.61%	-	-	-	-
South Africa	-	3.45M	2.28M	2.14M	496.48K	924.32K	-	-	-	-
South Africa Growth	-	-	-33.97%	-6.33%	-76.75%	86.17%	-	-	-	-
USA	5.84M	4.38M	2.93M	2.91M	-	-	-	-	-	-
USA Growth	-	-25.07%	-33.02%	-0.74%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

NetSol Technologies, Inc. (NTWK) has a price-to-earnings (P/E) ratio of 13.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

NetSol Technologies, Inc. (NTWK) reported $66.5M in revenue for fiscal year 2025. This represents a 67% increase from $39.8M in 2012.

NetSol Technologies, Inc. (NTWK) grew revenue by 7.6% over the past year. This is steady growth.

Yes, NetSol Technologies, Inc. (NTWK) is profitable, generating $0.5M in net income for fiscal year 2025 (4.4% net margin).

Dividend & Returns

NetSol Technologies, Inc. (NTWK) has a return on equity (ROE) of 7.1%. This is below average, suggesting room for improvement.

NetSol Technologies, Inc. (NTWK) had negative free cash flow of $1.5M in fiscal year 2025, likely due to heavy capital investments.

US Stock Screener

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NetSol Technologies, Inc. (NTWK) 10-Year Financial Performance & Capital Metrics

NTWK • • Industrial / General

TechnologyApplication SoftwareFinancial Technology & PaymentsDigital Banking Platforms

Revenue $66M +7.6%
EBITDA $5M -4.8%
Net Income $3M +327.5%
EPS (Diluted) 0.25 +316.7%
Gross Margin 49.29% +3.3%
EBITDA Margin 7.51% -11.6%
Operating Margin 5.3% -6.9%
Net Margin 4.42% +297.1%
ROE 7.15% +298.8%
ROIC 8.46% -8.9%
Debt/Equity 0.22 +11.5%
Interest Coverage 4.02 +31.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 25.6%
✓Trading at only 0.9x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y2.62%

5Y3.23%

3Y4.9%

TTM7.7%

Profit (Net Income) CAGR

10Y-

5Y25.55%

3Y-

TTM-31.59%

EPS CAGR

10Y-

5Y25.75%

3Y-

TTM-36.85%

ROCE

10Y Avg2.2%

5Y Avg0%

3Y Avg-0.75%

Latest8.43%

Peer Comparison

Digital Banking Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GWREGuidewire Software, Inc.	14.12B	166.09	205.05	22.64%	7.23%	6%	2.09%	0.49
DAVEDave Inc.	2.34B	192.06	45.84	33.96%	29.87%	50.37%	5.33%	0.41
INTUIntuit Inc.	154.33B	554.58	40.57	15.63%	21.19%	21.31%	3.94%	0.34
CCBCoastal Financial Corporation	1.72B	113.69	34.98	30.92%	7.84%	10.04%	14.54%	0.12
SPNSSapiens International Corporation N.V.	2.43B	43.45	33.68	5.4%	11.4%	12.2%	2.97%	0.13
SSNCSS&C Technologies Holdings, Inc.	21B	86.05	28.68	6.89%	13.86%	12.2%	6.32%	1.09
TBBKThe Bancorp, Inc.	3.09B	70.39	16.41	16.11%	30.63%	29.28%	7.2%	0.16
CWANClearwater Analytics Holdings, Inc.	6.98B	24.19	14.40	22.72%	61.25%	19.6%	0.99%	0.07

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	64.55M	65.37M	60.93M	67.82M	56.37M	54.92M	57.25M	52.39M	61.39M	66.09M
Revenue Growth %	0.26%	0.01%	-0.07%	0.11%	-0.17%	-0.03%	0.04%	-0.08%	0.17%	0.08%
Cost of Goods Sold+	33.75M	36.96M	31.72M	33.37M	29.41M	28.57M	33.51M	35.48M	32.11M	33.51M
COGS % of Revenue	0.52%	0.57%	0.52%	0.49%	0.52%	0.52%	0.59%	0.68%	0.52%	0.51%
Gross Profit+	30.8M	28.41M	29.21M	34.45M	26.96M	26.35M	23.74M	16.92M	29.28M	32.57M
Gross Margin %	0.48%	0.43%	0.48%	0.51%	0.48%	0.48%	0.41%	0.32%	0.48%	0.49%
Gross Profit Growth %	0.71%	-0.08%	0.03%	0.18%	-0.22%	-0.02%	-0.1%	-0.29%	0.73%	0.11%
Operating Expenses+	24.5M	29.41M	26.15M	27.62M	25.89M	23.63M	24.82M	25.7M	25.79M	29.07M
OpEx % of Revenue	0.38%	0.45%	0.43%	0.41%	0.46%	0.43%	0.43%	0.49%	0.42%	0.44%
Selling, General & Admin	22.79M	26.49M	23.87M	24.75M	23.59M	21.99M	22.61M	24.09M	24.39M	27.8M
SG&A % of Revenue	0.35%	0.41%	0.39%	0.36%	0.42%	0.4%	0.39%	0.46%	0.4%	0.42%
Research & Development	485.78K	393.35K	854K	1.97M	1.47M	674.17K	1.34M	1.6M	1.4M	1.28M
R&D % of Revenue	0.01%	0.01%	0.01%	0.03%	0.03%	0.01%	0.02%	0.03%	0.02%	0.02%
Other Operating Expenses	224.93K	50.38K	42.85K	897.8K	834.58K	965.63K	863.18K	0	0	0
Operating Income+	6.3M	-1M	3.05M	6.83M	1.07M	2.72M	-1.08M	-8.78M	3.49M	3.5M
Operating Margin %	0.1%	-0.02%	0.05%	0.1%	0.02%	0.05%	-0.02%	-0.17%	0.06%	0.05%
Operating Income Growth %	2.22%	-1.16%	4.05%	1.24%	-0.84%	1.54%	-1.4%	-7.14%	1.4%	0%
EBITDA+	13.45M	5.56M	8.63M	11.25M	4.8M	6.68M	2.73M	-5.54M	5.22M	4.97M
EBITDA Margin %	0.21%	0.09%	0.14%	0.17%	0.09%	0.12%	0.05%	-0.11%	0.08%	0.08%
EBITDA Growth %	1.6%	-0.59%	0.55%	0.3%	-0.57%	0.39%	-0.59%	-3.02%	1.94%	-0.05%
D&A (Non-Cash Add-back)	7.15M	6.56M	5.57M	4.42M	3.73M	3.96M	3.81M	3.24M	1.72M	1.46M
EBIT	5.97M	-494.44K	8.45M	13.39M	2.68M	3.68M	2.46M	-2.45M	4.37M	3.5M
Net Interest Income+	-102.72K	-130.32K	169.83K	643.26K	1.22M	623.14K	1.29M	452.82K	769.09K	999.68K
Interest Income	161.79K	179.72K	592.15K	955.06K	1.57M	1.02M	1.66M	1.22M	1.91M	1.87M
Interest Expense	264.51K	310.04K	422.33K	311.8K	346.86K	394.29K	369.8K	765.03K	1.14M	871.36K
Other Income/Expense	-592.01K	196.73K	4.97M	6.25M	1.26M	567.4K	3.17M	5.56M	-270.11K	2.55M
Pretax Income+	5.71M	-804.49K	8.02M	13.08M	2.33M	3.29M	2.09M	-3.22M	3.22M	6.05M
Pretax Margin %	0.09%	-0.01%	0.13%	0.19%	0.04%	0.06%	0.04%	-0.06%	0.05%	0.09%
Income Tax+	652.55K	931.95K	873.03K	1.06M	1.14M	1.03M	988.94K	926.56K	1.15M	1.48M
Effective Tax Rate %	0.6%	6.19%	0.54%	0.92%	0.4%	0.54%	-0.41%	1.63%	0.21%	0.48%
Net Income+	3.4M	-4.98M	4.31M	12.02M	937.08K	1.78M	-851.16K	-5.24M	683.87K	2.92M
Net Margin %	0.05%	-0.08%	0.07%	0.18%	0.02%	0.03%	-0.01%	-0.1%	0.01%	0.04%
Net Income Growth %	1.61%	-2.46%	1.87%	1.79%	-0.92%	0.9%	-1.48%	-5.16%	1.13%	3.27%
Net Income (Continuing)	5.06M	-1.74M	7.15M	12.02M	1.19M	2.26M	1.1M	-4.14M	2.08M	4.57M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	13.34M	14.8M	14.15M	8.41M	6.49M	7.22M	5.45M	2.98M	4.69M	4.43M
EPS (Diluted)+	0.32	-0.46	0.38	1.03	0.08	0.15	-0.08	-0.46	0.06	0.25
EPS Growth %	1.56%	-2.44%	1.83%	1.71%	-0.92%	0.89%	-1.5%	-5.08%	1.13%	3.17%
EPS (Basic)	0.33	-0.46	0.38	1.04	0.08	0.15	-0.08	-0.46	0.06	0.25
Diluted Shares Outstanding	10.58M	10.91M	11.2M	11.62M	11.78M	11.5M	11.25M	11.28M	11.42M	11.58M
Basic Shares Outstanding	10.39M	10.82M	11.2M	11.6M	11.73M	11.5M	11.25M	11.28M	11.38M	11.58M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	40.45M	44.27M	57.35M	54.59M	51.9M	55.58M	49.43M	41.6M	47.46M	46.32M
Cash & Short-Term Investments	11.56M	14.17M	22.09M	17.37M	20.17M	33.71M	23.96M	15.53M	19.13M	17.36M
Cash Only	11.56M	14.17M	22.09M	17.37M	20.17M	33.71M	23.96M	15.53M	19.13M	17.36M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	26.68M	28.02M	33.1M	34.85M	29.9M	19.01M	23.24M	24.09M	25.73M	25.76M
Days Sales Outstanding	150.86	156.44	198.31	187.54	193.62	126.32	148.18	167.84	153	142.26
Inventory	0	0	0	1.97M	1.71M	0	1.92M	1.69M	-559.25K	0
Days Inventory Outstanding	-	-	-	21.59	21.17	-	20.88	17.38	-	-
Other Current Assets	1.83M	2.07M	4.16M	586.33K	-916.59K	223.6K	-1.08M	-1.01M	1.55M	3.2M
Total Non-Current Assets+	52.9M	55.41M	42.42M	32.91M	36.58M	31.03M	23.18M	16.78M	16.72M	16.12M
Property, Plant & Equipment	22.77M	20.37M	16.17M	12.1M	13.69M	13.44M	10.35M	7.31M	6.44M	5.88M
Fixed Asset Turnover	2.83x	3.21x	3.77x	5.61x	4.12x	4.09x	5.53x	7.16x	9.54x	11.23x
Goodwill	9.52M	9.52M	9.52M	9.52M	9.52M	9.52M	9.3M	9.3M	9.3M	9.3M
Intangible Assets	19.67M	17.04M	12.25M	7.33M	5.39M	3.9M	1.59M	127.93K	0	0
Long-Term Investments	720.35K	3.06M	3.22M	2.65M	2.39M	3.16M	1.06M	25.4K	979.42K	903.77K
Other Non-Current Assets	-264.44K	4.08M	862.12K	23.57K	41.99K	55.13K	879.15K	6.93K	6.94K	32.33K
Total Assets+	93.35M	99.68M	99.77M	87.5M	88.47M	86.61M	72.61M	58.38M	64.19M	62.44M
Asset Turnover	0.69x	0.66x	0.61x	0.78x	0.64x	0.63x	0.79x	0.90x	0.96x	1.06x
Asset Growth %	0.05%	0.07%	0%	-0.12%	0.01%	-0.02%	-0.16%	-0.2%	0.1%	-0.03%
Total Current Liabilities+	15.23M	21.12M	22.51M	20.45M	20.12M	23.48M	20.83M	20.77M	23.87M	19.71M
Accounts Payable	1.35M	1.47M	1.67M	1.16M	1.35M	1.07M	1.18M	1.11M	1.43M	8.01M
Days Payables Outstanding	14.56	14.48	19.17	12.65	16.77	13.64	12.8	11.47	16.22	87.25
Short-Term Debt	3.95M	10.22M	8.6M	6.91M	10.25M	11.22M	8.34M	5.61M	6.21M	8.24M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	4.47M	4.62M	5.68M	5.25M	88.32K	1.18M	4.09M	759.29K	455.6K	0
Current Ratio	2.66x	2.10x	2.55x	2.67x	2.58x	2.37x	2.37x	2.00x	1.99x	2.35x
Quick Ratio	2.66x	2.10x	2.55x	2.57x	2.50x	2.37x	2.28x	1.92x	2.01x	2.35x
Cash Conversion Cycle	-	-	-	196.48	198.03	-	156.25	173.75	-	-
Total Non-Current Liabilities+	477.69K	366.76K	330.6K	564.57K	2.88M	1.26M	923.48K	828.42K	784.52K	467.98K
Long-Term Debt	0	0	0	67.13K	1.36M	651.23K	12.87K	0	0	134.61K
Capital Lease Obligations	477.69K	366.76K	330.6K	497.44K	1.52M	612.87K	910.62K	828.42K	784.52K	333.37K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	15.71M	21.48M	22.84M	21.01M	23M	24.74M	21.75M	21.6M	24.65M	20.18M
Total Debt+	4.92M	10.59M	8.93M	7.47M	14.54M	13.49M	10.04M	7.11M	7.67M	9.14M
Net Debt	-6.64M	-3.58M	-13.16M	-9.9M	-5.63M	-20.22M	-13.92M	-8.42M	-11.46M	-8.22M
Debt / Equity	0.06x	0.14x	0.12x	0.11x	0.22x	0.22x	0.20x	0.19x	0.19x	0.22x
Debt / EBITDA	0.37x	1.90x	1.03x	0.66x	3.03x	2.02x	3.67x	-	1.47x	1.84x
Net Debt / EBITDA	-0.49x	-0.64x	-1.53x	-0.88x	-1.17x	-3.03x	-5.09x	-	-2.20x	-1.65x
Interest Coverage	23.82x	-3.23x	7.23x	21.90x	3.09x	6.90x	-2.92x	-11.48x	3.06x	4.02x
Total Equity+	77.64M	78.19M	76.94M	66.48M	65.48M	61.87M	50.85M	36.78M	39.53M	42.26M
Equity Growth %	0.05%	0.01%	-0.02%	-0.14%	-0.02%	-0.06%	-0.18%	-0.28%	0.07%	0.07%
Book Value per Share	7.34	7.17	6.87	5.72	5.56	5.38	4.52	3.26	3.46	3.65
Total Shareholders' Equity	64.3M	63.39M	62.79M	58.07M	58.99M	54.65M	45.4M	33.81M	34.84M	37.83M
Common Stock	107.13K	112.25K	117.08K	119.12K	121.22K	121.82K	121.97K	122.85K	123.6K	127.01K
Retained Earnings	-37.32M	-42.3M	-37.99M	-35.21M	-34.27M	-38.8M	-39.65M	-44.9M	-44.21M	-41.29M
Treasury Stock	-415.43K	-454.31K	-1.21M	-1.46M	-1.46M	-3.82M	-3.92M	-3.92M	-3.92M	-3.92M
Accumulated OCI	-18.73M	-18.07M	-24.39M	-33.13M	-34.09M	-31.87M	-39.36M	-45.98M	-45.94M	-46.61M
Minority Interest	13.34M	14.8M	14.15M	8.41M	6.49M	7.22M	5.45M	2.98M	4.69M	4.43M

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	1.66M	454.37K	15.71M	4.93M	3.97M	15.73M	3.06M	2.01M	2.91M	447.27K
Operating CF Margin %	0.03%	0.01%	0.26%	0.07%	0.07%	0.29%	0.05%	0.04%	0.05%	0.01%
Operating CF Growth %	-0.67%	-0.73%	33.59%	-0.69%	-0.19%	2.96%	-0.81%	-0.34%	0.45%	-0.85%
Net Income	5.06M	-1.74M	7.15M	12.02M	937.08K	2.26M	1.1M	-4.14M	2.08M	4.57M
Depreciation & Amortization	7.15M	6.56M	5.57M	4.42M	3.73M	3.96M	3.81M	3.24M	1.72M	1.46M
Stock-Based Compensation	1.53M	2.76M	1.86M	1.13M	0	342.15K	104.35K	317.45K	308.57K	208.12K
Deferred Taxes	0	0	-2.84M	0	0	0	0	0	0	0
Other Non-Cash Items	1.75M	4.2M	3.73M	1.28M	1.83M	-356.29K	2.46M	3.84M	-131K	397.61K
Working Capital Changes	-12.3M	-8.57M	241.23K	-13.92M	-2.53M	9.52M	-4.42M	-1.24M	-1.07M	-6.19M
Change in Receivables	-6.32M	5.1M	-10.47M	-2.81M	846.44K	6.86M	-5.67M	-6.86M	-1.9M	245.29K
Change in Inventory	0	0	0	47.82K	0	-474.1K	-1.12M	-709.76K	0	0
Change in Payables	558.03K	751.84K	1.65M	-47.82K	-1.4M	474.1K	1.12M	709.76K	1.61M	-197.31K
Cash from Investing+	-3.67M	-2.73M	-3.69M	-3.65M	-2.05M	-2.52M	-2.26M	-1.4M	-291.54K	-1.27M
Capital Expenditures	-3.34M	-2.2M	-2.45M	-2.73M	-1.38M	-2.55M	-2.61M	-1.64M	-515.4K	-1.38M
CapEx % of Revenue	0.05%	0.03%	0.04%	0.04%	0.02%	0.05%	0.05%	0.03%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	986.43K	581.02K	-1.92M	-355.62K	-600K	188.23K	950.35K	61.12K	223.87K	107.91K
Cash from Financing+	598.18K	4.38M	-1.02M	17.17K	1.7M	-1.17M	-1.38M	-718.99K	239.55K	822.88K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	150.37K	-1.21M	-5.19K	-478.82K	-1.92M	0	0	0	0	-306.8K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.68M	-1.75M	13.26M	2.21M	2.6M	13.17M	451.42K	370.13K	2.39M	-935.5K
FCF Margin %	-0.03%	-0.03%	0.22%	0.03%	0.05%	0.24%	0.01%	0.01%	0.04%	-0.01%
FCF Growth %	-2.1%	-0.04%	8.58%	-0.83%	0.18%	4.08%	-0.97%	-0.18%	5.47%	-1.39%
FCF per Share	-0.16	-0.16	1.18	0.19	0.22	1.15	0.04	0.03	0.21	-0.08
FCF Conversion (FCF/Net Income)	0.49x	-0.09x	3.65x	0.41x	4.24x	8.84x	-3.60x	-0.38x	4.25x	0.15x
Interest Paid	251.55K	225.64K	390.65K	293.97K	0	455.65K	433.08K	679.92K	1.58M	841.96K
Taxes Paid	391.29K	195.73K	700.13K	848.5K	0	601.7K	1.23M	982.73K	704.87K	1.41M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	4.5%	-6.39%	5.55%	16.76%	1.42%	2.79%	-1.51%	-11.97%	1.79%	7.15%
Return on Invested Capital (ROIC)	7.01%	-1.03%	3.31%	8.51%	1.38%	4.02%	-2.06%	-20.17%	9.29%	8.46%
Gross Margin	47.72%	43.46%	47.94%	50.79%	47.83%	47.98%	41.46%	32.29%	47.7%	49.29%
Net Margin	5.27%	-7.62%	7.07%	17.72%	1.66%	3.24%	-1.49%	-10.01%	1.11%	4.42%
Debt / Equity	0.06x	0.14x	0.12x	0.11x	0.22x	0.22x	0.20x	0.19x	0.19x	0.22x
Interest Coverage	23.82x	-3.23x	7.23x	21.90x	3.09x	6.90x	-2.92x	-11.48x	3.06x	4.02x
FCF Conversion	0.49x	-0.09x	3.65x	0.41x	4.24x	8.84x	-3.60x	-0.38x	4.25x	0.15x
Revenue Growth	26.45%	1.26%	-6.79%	11.31%	-16.88%	-2.58%	4.24%	-8.48%	17.18%	7.65%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Subscription and Support	-	-	-	-	-	22.17M	-	25.98M	27.95M	32.93M
Subscription and Support Growth	-	-	-	-	-	-	-	-	7.59%	17.82%
Service	-	-	-	-	-	-	24.42M	24.14M	27.99M	32.55M
Service Growth	-	-	-	-	-	-	-	-1.15%	15.94%	16.31%
License	-	-	-	-	4.56M	-	4.54M	2.27M	5.45M	598.63K
License Growth	-	-	-	-	-	-	-	-50.00%	140.13%	-89.02%
Subscription And Support	-	-	-	-	-	-	28.28M	-	-	-
Subscription And Support Growth	-	-	-	-	-	-	-	-	-	-
Services	-	-	33.61M	34.19M	32.56M	26.45M	-	-	-	-
Services Growth	-	-	-	1.71%	-4.77%	-18.76%	-	-	-	-
License Fees	-	-	6.6M	16.77M	-	6.25M	-	-	-	-
License Fees Growth	-	-	-	154.14%	-	-	-	-	-	-
Services - Related Party	-	-	5.66M	1.34M	300.82K	48.77K	-	-	-	-
Services - Related Party Growth	-	-	-	-76.26%	-77.60%	-83.79%	-	-	-	-
Maintenance	-	-	-	-	18.95M	-	-	-	-	-
Maintenance Growth	-	-	-	-	-	-	-	-	-	-
Maintenance Fees	-	-	14.38M	15.01M	-	-	-	-	-	-
Maintenance Fees Growth	-	-	-	4.37%	-	-	-	-	-	-
Maintenance Fees - Related Party	-	-	418.44K	511.24K	-	-	-	-	-	-
Maintenance Fees - Related Party Growth	-	-	-	22.18%	-	-	-	-	-	-
License Fees - Related Party	-	-	261.51K	-	-	-	-	-	-	-
License Fees - Related Party Growth	-	-	-	-	-	-	-	-	-	-
Unaffiliated Customers	51.95M	57.18M	-	-	-	-	-	-	-	-
Unaffiliated Customers Growth	-	10.06%	-	-	-	-	-	-	-	-
Affiliated Customers	12.6M	8.19M	-	-	-	-	-	-	-	-
Affiliated Customers Growth	-	-34.99%	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Asia - Pacific	48.42M	52.89M	-	-	-	-	-	35.52M	43.49M	46.44M
Asia - Pacific Growth	-	9.25%	-	-	-	-	-	-	22.45%	6.78%
Europe	10.67M	6.85M	-	-	-	-	10.43M	10.76M	11.97M	14.64M
Europe Growth	-	-35.80%	-	-	-	-	-	3.17%	11.24%	22.36%
North America	5.46M	5.62M	-	-	-	-	-	6.12M	5.93M	12M
North America Growth	-	2.92%	-	-	-	-	-	-	-3.00%	102.30%
Australia & New Zealand	4.31M	6.62M	3.55M	5.68M	3.15M	4.77M	6.55M	-	-	-
Australia & New Zealand Growth	-	53.61%	-46.32%	59.99%	-44.59%	51.48%	37.20%	-	-	-
Other Countries	4.21M	4.39M	2.07M	5.36M	4.51M	2.28M	3.9M	-	-	-
Other Countries Growth	-	4.10%	-52.75%	158.57%	-15.79%	-49.40%	71.02%	-	-	-
China	17.28M	27.17M	18.44M	31.62M	20.07M	22.72M	-	-	-	-
China Growth	-	57.27%	-32.12%	71.46%	-36.55%	13.21%	-	-	-	-
UK	16.89M	13.15M	12.97M	9.85M	12.28M	11.28M	-	-	-	-
UK Growth	-	-22.15%	-1.36%	-24.06%	24.60%	-8.08%	-	-	-	-
Thailand	6.43M	3.89M	7.05M	3.3M	3.81M	4.52M	-	-	-	-
Thailand Growth	-	-39.53%	81.36%	-53.13%	15.24%	18.66%	-	-	-	-
Indonesia	6.2M	3.27M	8.29M	3.91M	5.61M	3.22M	-	-	-	-
Indonesia Growth	-	-47.35%	154.02%	-52.87%	43.54%	-42.59%	-	-	-	-
Pakistan & India	1.84M	1.65M	2.1M	2.01M	2.01M	1.48M	-	-	-	-
Pakistan & India Growth	-	-10.24%	26.75%	-4.24%	0.10%	-26.42%	-	-	-	-
Mexico	1.54M	1.84M	1.24M	1.04M	987.19K	1.03M	-	-	-	-
Mexico Growth	-	18.98%	-32.63%	-16.19%	-4.73%	4.61%	-	-	-	-
South Africa	-	3.45M	2.28M	2.14M	496.48K	924.32K	-	-	-	-
South Africa Growth	-	-	-33.97%	-6.33%	-76.75%	86.17%	-	-	-	-
USA	5.84M	4.38M	2.93M	2.91M	-	-	-	-	-	-
USA Growth	-	-25.07%	-33.02%	-0.74%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

NetSol Technologies, Inc. (NTWK) has a price-to-earnings (P/E) ratio of 13.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

NetSol Technologies, Inc. (NTWK) reported $66.5M in revenue for fiscal year 2025. This represents a 67% increase from $39.8M in 2012.

NetSol Technologies, Inc. (NTWK) grew revenue by 7.6% over the past year. This is steady growth.

Yes, NetSol Technologies, Inc. (NTWK) is profitable, generating $0.5M in net income for fiscal year 2025 (4.4% net margin).

Dividend & Returns

NetSol Technologies, Inc. (NTWK) has a return on equity (ROE) of 7.1%. This is below average, suggesting room for improvement.

NetSol Technologies, Inc. (NTWK) had negative free cash flow of $1.5M in fiscal year 2025, likely due to heavy capital investments.