NetSol Technologies, Inc. (NTWK) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 19.83M | 18.81M | 15.01M | 18.41M | 17.54M | 15.54M | 14.6M | 16.45M | 15.46M | 15.24M | 14.24M | 13.79M | 13.51M | 12.39M | 12.71M | 13.54M | 14.81M | 15.47M | 13.42M | 15.37M |
| Revenue Growth % | 13.05% | 21.06% | 2.83% | 11.92% | 13.45% | 1.96% | 2.5% | 19.28% | 14.5% | 22.98% | 12.09% | 1.82% | -8.8% | -19.92% | -5.32% | -11.86% | 7.44% | 17.92% | 6.12% | 13.17% |
| Cost of Goods Sold | 8.8M | 9.78M | 9.1M | 8.06M | 8.8M | 8.62M | 8.03M | 7.98M | 7.99M | 8.06M | 8.08M | 8.97M | 8.8M | 9.25M | 8.45M | 8.73M | 8.98M | 7.83M | 7.98M | 7.86M |
| COGS % of Revenue | 44.39% | 51.99% | 60.62% | 43.79% | 50.17% | 55.46% | 55.04% | 48.49% | 51.66% | 52.91% | 56.73% | 65.08% | 65.16% | 74.64% | 66.54% | 64.44% | 60.6% | 50.61% | 59.44% | 51.17% |
| Gross Profit | 11.03M | 9.03M | 5.91M | 10.35M | 8.74M | 6.92M | 6.56M | 8.47M | 7.47M | 7.18M | 6.16M | 4.82M | 4.71M | 3.14M | 4.25M | 4.82M | 5.83M | 7.64M | 5.44M | 7.5M |
| Gross Margin % | 55.61% | 48.01% | 39.38% | 56.21% | 49.83% | 44.54% | 44.96% | 51.51% | 48.34% | 47.09% | 43.27% | 34.92% | 34.84% | 25.36% | 33.46% | 35.56% | 39.4% | 49.39% | 40.56% | 48.83% |
| Gross Profit Growth % | 26.16% | 30.47% | -9.93% | 22.14% | 16.95% | -3.56% | 6.53% | 75.92% | 58.87% | 128.35% | 44.92% | -0.02% | -19.36% | -58.88% | -21.88% | -35.8% | -9.2% | 26.48% | -14.71% | 6.76% |
| Operating Expenses | 8.02M | 7.73M | 7.75M | 7.15M | 7.19M | 7.41M | 7.32M | 7.67M | 6.16M | 6.15M | 5.81M | 7.72M | 5.64M | 6.19M | 6.15M | 6.37M | 6.37M | 5.99M | 6.08M | 6.37M |
| OpEx % of Revenue | 40.45% | 41.1% | 51.63% | 38.86% | 40.97% | 47.68% | 50.17% | 46.66% | 39.81% | 40.35% | 40.8% | 56% | 41.72% | 49.95% | 48.39% | 47.03% | 43.04% | 38.7% | 45.32% | 41.44% |
| Selling, General & Admin | 7.86M | 7.48M | 7.54M | 6.88M | 6.88M | 7.07M | 6.96M | 7.78M | 5.81M | 5.81M | 5.43M | 7.94M | 5.15M | 5.72M | 5.68M | 5.56M | 5.92M | 5.54M | 5.59M | 5.87M |
| SG&A % of Revenue | 39.61% | 39.78% | 50.2% | 37.35% | 39.24% | 45.53% | 47.71% | 47.3% | 37.58% | 38.11% | 38.15% | 57.54% | 38.15% | 46.13% | 44.69% | 41.05% | 39.95% | 35.81% | 41.68% | 38.23% |
| Research & Development | 166.38K | 247.71K | 214.34K | 277.47K | 304.79K | 333.67K | 359.95K | 337.19K | 345.58K | 341.41K | 378.42K | 356.82K | 302.26K | 472.9K | 469.63K | 580.53K | 251K | 235.39K | 275.23K | 243.08K |
| R&D % of Revenue | 0.84% | 1.32% | 1.43% | 1.51% | 1.74% | 2.15% | 2.47% | 2.05% | 2.23% | 2.24% | 2.66% | 2.59% | 2.24% | 3.82% | 3.7% | 4.29% | 1.69% | 1.52% | 2.05% | 1.58% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -443.76K | 0 | 0 | 0 | -569.31K | 180.14K | 0 | 0 | 229.7K | 206.35K | 212.86K | 214.27K | 250.19K |
| Operating Income | 3.01M | 1.3M | -1.84M | 3.2M | 1.55M | -486.95K | -760.16K | 798.19K | 1.32M | 1.03M | 350.63K | -2.91M | -930.43K | -3.05M | -1.9M | -1.55M | -539.3K | 1.65M | -639.61K | 1.14M |
| Operating Margin % | 15.16% | 6.91% | -12.25% | 17.36% | 8.85% | -3.13% | -5.21% | 4.85% | 8.52% | 6.74% | 2.46% | -21.08% | -6.89% | -24.59% | -14.92% | -11.47% | -3.64% | 10.69% | -4.77% | 7.39% |
| Operating Income Growth % | 93.52% | 366.91% | -141.88% | 300.33% | 17.87% | -147.42% | -316.8% | 127.46% | 241.64% | 133.71% | 118.49% | -87.14% | -72.52% | -284.21% | -196.46% | -236.78% | -216.68% | 1811.92% | -161.71% | -2.83% |
| EBITDA | 3.31M | 1.6M | -1.51M | 3.56M | 1.92M | -114.36K | -394.16K | 1.17M | 1.71M | 1.46M | 881.41K | -2.18M | -147.47K | -2.16M | -1.05M | -610.67K | 408.63K | 2.6M | 340.4K | 2.2M |
| EBITDA Margin % | 16.71% | 8.5% | -10.09% | 19.32% | 10.93% | -0.74% | -2.7% | 7.11% | 11.05% | 9.56% | 6.19% | -15.82% | -1.09% | -17.39% | -8.27% | -4.51% | 2.76% | 16.78% | 2.54% | 14.29% |
| EBITDA Growth % | 72.86% | 1498.57% | -284.13% | 204.35% | 12.15% | -107.85% | -144.72% | 153.57% | 1259.02% | 167.56% | 183.85% | -257.27% | -136.09% | -183.03% | -408.81% | -127.81% | -72.65% | 154.02% | -82.68% | 5.31% |
| D&A (Non-Cash Add-back) | 307.42K | 299.75K | 324.61K | 361.7K | 363.5K | 372.58K | 366K | 370.56K | 391.29K | 429.16K | 530.79K | 725.07K | 782.97K | 891.5K | 845K | 942.6K | 947.93K | 941.73K | 980.01K | 1.06M |
| EBIT | 3.01M | 1.3M | -1.84M | 3.2M | 2.18M | -486.95K | -760.16K | 1.5M | 752.12K | 1.42M | 688.98K | -5.01M | 4.66M | -1.98M | -123.01K | -1.32M | 226.05K | 2.73M | 819.13K | 2.67M |
| Net Interest Income | 56.7K | 32.5K | 106.36K | 95.44K | 99.91K | 292.69K | 511.65K | 365.64K | 86.79K | 177.96K | 138.7K | -40.63K | 75.66K | 107.54K | 310.25K | 440.27K | 278.25K | 225.44K | 342.12K | 275.71K |
| Interest Income | 208.23K | 208.78K | 280.97K | 277.45K | 294.65K | 529.07K | 769.87K | 651.79K | 376.47K | 468.28K | 414.72K | 212.29K | 263.79K | 309.91K | 431.86K | 532.34K | 364.16K | 316.25K | 443.13K | 373.78K |
| Interest Expense | 151.54K | 176.27K | 174.61K | 182.01K | 194.74K | 236.39K | 258.22K | 286.15K | 289.68K | 290.32K | 276.02K | 252.92K | 188.14K | 202.36K | 121.61K | 92.06K | 85.92K | 90.81K | 101.01K | 98.06K |
| Other Income/Expense | 89.72K | 142.5K | -162.88K | 1.27M | 432.37K | -367.64K | 1.21M | 416.99K | -855.46K | 106.04K | 62.33K | -2.35M | 5.4M | 864.61K | 1.65M | 144.71K | 679.44K | 986.19K | 1.36M | 1.44M |
| Pretax Income | 3.1M | 1.44M | -2M | 4.47M | 1.99M | -854.59K | 447.53K | 1.22M | 462.44K | 1.13M | 412.96K | -5.26M | 4.47M | -2.18M | -244.62K | -1.41M | 140.13K | 2.64M | 718.12K | 2.58M |
| Pretax Margin % | 15.61% | 7.67% | -13.33% | 24.27% | 11.32% | -5.5% | 3.07% | 7.39% | 2.99% | 7.43% | 2.9% | -38.15% | 33.1% | -17.61% | -1.93% | -10.4% | 0.95% | 17.06% | 5.35% | 16.76% |
| Income Tax | 781.24K | 480.19K | 215.78K | 763.57K | 151.33K | 331.61K | 229.82K | 727K | 146.57K | 150.05K | 121.89K | 285.44K | 227.72K | 220.06K | 193.35K | 462.2K | 157.6K | 201.51K | 167.63K | 383.73K |
| Effective Tax Rate % | 25.23% | 33.3% | -10.78% | 17.09% | 7.62% | -38.8% | 51.35% | 59.83% | 31.69% | 13.25% | 29.52% | -5.42% | 5.09% | -10.09% | -79.04% | -32.81% | 112.47% | 7.63% | 23.34% | 14.9% |
| Net Income | 1.3M | 246.76K | -2.36M | 2.58M | 1.42M | -1.15M | 70.8K | -82.88K | 327.55K | 408.32K | 30.89K | -5.07M | 2.54M | -2.09M | -620.73K | -2.17M | -278.47K | 1.41M | 187.97K | 1.93M |
| Net Margin % | 6.56% | 1.31% | -15.7% | 13.99% | 8.12% | -7.38% | 0.48% | -0.5% | 2.12% | 2.68% | 0.22% | -36.8% | 18.84% | -16.89% | -4.89% | -16% | -1.88% | 9.09% | 1.4% | 12.53% |
| Net Income Growth % | -8.64% | 121.51% | -3429.74% | 3207.44% | 334.73% | -380.92% | 129.18% | 98.37% | -87.13% | 119.51% | 104.98% | -134.13% | 1013.79% | -248.77% | -430.23% | -212.53% | 55.32% | 681.07% | -73.8% | 63.47% |
| Net Income (Continuing) | 2.31M | 962.04K | -2.22M | 3.7M | 1.83M | -1.19M | 217.71K | 488.18K | 315.87K | 982.82K | 291.06K | -5.55M | 4.24M | -2.4M | -437.97K | -1.87M | -17.47K | 2.44M | 550.5K | 2.19M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 7.1M | 6M | 4.73M | 4.43M | 3.44M | 4.59M | 5.02M | 4.69M | 4.14M | 4.07M | 3.2M | 2.98M | 3.3M | 4.05M | 4.28M | 5.45M | 6.72M | 6.93M | 6.44M | 7.22M |
| EPS (Diluted) | 0.11 | 0.02 | -0.20 | 0.22 | 0.12 | -0.10 | 0.01 | -0.01 | 0.03 | 0.04 | 0.00 | -0.45 | 0.38 | -0.21 | -0.06 | -0.17 | -0.00 | 0.13 | 0.02 | 0.17 |
| EPS Growth % | -8.33% | 120.92% | - | - | 318.12% | -378.27% | - | 98.38% | -92.45% | 117.1% | 104.9% | -164.71% | - | -261.54% | -375.5% | -200% | 97.09% | 722.01% | -66.67% | 70% |
| EPS (Basic) | 0.11 | 0.02 | -0.20 | 0.22 | 0.12 | -0.10 | 0.01 | -0.01 | 0.03 | 0.04 | 0.00 | -0.45 | 0.38 | -0.21 | -0.06 | -0.17 | -0.00 | 0.13 | 0.02 | 0.17 |
| Diluted Shares Outstanding | 11.84M | 11.81M | 11.77M | 11.58M | 11.68M | 11.48M | 11.48M | 11.42M | 11.43M | 11.37M | 11.35M | 11.31M | 11.28M | 11.27M | 11.26M | 11.25M | 11.25M | 11.24M | 11.25M | 11.34M |
| Basic Shares Outstanding | 11.82M | 11.8M | 11.77M | 11.58M | 11.68M | 11.48M | 11.43M | 11.41M | 11.39M | 11.37M | 11.35M | 11.31M | 11.28M | 11.27M | 11.26M | 10.84M | 11.25M | 11.24M | 11.25M | 11.28M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |