NETSOL TECHNOLOGIES INC

Listed Company

NTWKCIK 0001039280NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareNevadaFY ends Jun 30

Period

FY 2025

Revenue

$66.09M

Net Income

$2.92M

Total Assets

$62.44M

Equity

$37.83M

Shares Out

11.82M

Op. Cash Flow

$447.3K

Business

NETSOL Technologies provides AI-powered software and professional services that enable OEMs, dealerships and financial institutions to sell, finance and lease assets. The company offers the Transcend™ platform and related products—Transcend™ Retail, Transcend™ Finance, Transcend™ Marketplace—and modular API-first tools such as Flex™, Hubex™, Index™, Dock™, Lane™ and Link™, together with implementation, consulting, customization, support and subscription licensing. Its primary business streams comprise software licensing, implementation and consulting services, and subscription/support revenues, together with Transcend™ Consultancy and AI Labs offerings. NETSOL serves customers across North America, Europe, Asia Pacific and the Middle East through direct sales, strategic partners, regional offices and cloud/SaaS delivery channels.

Summary from filing dated 2025-09-29

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Total net revenues	66	61	52	57	55
Cost of revenues	34	32	35	34	29
Gross profit	33	29	17	24	26
Selling, general and administrative	28	24	—	—	—
Research and development cost	1	1	2	1	674,168
Total operating expenses	29	26	26	25	24
Income (loss) from operations	4	3	−9	−1	3
Interest expense	−871,355	−1	−765,030	−369,801	−394,289
Interest income	2	2	1	2	1
Gain (loss) on foreign currency exchange transactions	1	−1	7	4	−597,433
Other income	244,241	148,120	—	—	987,444
Total other income (expenses)	3	−270,108	6	3	567,400
Net income before income taxes	6	3	−3	2	—
Income tax provision	−1	−1	−926,560	−988,938	−1
Net income	5	2	−4	1	2
Non-controlling interest	−2	−1	−1	−2	−483,375
Net income attributable to NetSol	3	683,873	−5	−851,156	2
Basic (per share)	0.25	0.06	−0.46	−0.08	0.15
Diluted (per share)	0.25	0.06	−0.46	−0.08	0.15
Basic (shares)	12	11	11	11	11
Diluted (shares)	12	11	11	11	11

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	17	19	16	24	34
Accounts receivable, net of allowance of $355,464 and $398,809	8	13	12	9	4
Revenues in excess of billings, net of allowance of $34,496 and $116,148	18	13	12	15	15
Other current assets	3	3	2	2	3
Total current assets	46	47	42	49	56
Revenues in excess of billings, net - long term	903,766	954,029	—	853,601	957,603
Property and equipment, net	5	5	6	9	12
Right of use assets - operating leases	809,513	1	1	969,163	1
Other assets	32,331	32,340	32,327	25,546	55,127
Goodwill	9	9	9	9	10
Total assets	62	64	58	73	87
Accounts payable and accrued expenses	8	8	7	7	7
Current portion of loans and obligations under finance leases	8	6	6	9	—
Current portion of operating lease obligations	433,242	608,202	505,237	548,678	857,729
Unearned revenue	3	9	8	5	5
Total current liabilities	20	24	21	21	23
Loans and obligations under finance leases; less current maturities	134,608	95,771	176,229	476,223	—
Operating lease obligations; less current maturities	333,374	688,749	652,194	447,260	564,257
Total liabilities	20	25	22	22	25
Preferred stock, $.01 par value; 500,000 shares authorized;	—	—	—	—	—
Common stock, $.01 par value; 18,000,000 shares authorized; 12,700,465 shares issued and 11,761,434 outstanding as of June 30, 2025 , 12,359,922 shares issued and 11,420,891 outstanding as of June 30, 2024	127,008	123,602	122,850	121,966	121,816
Additional paid-in-capital	130	129	128	128	129
Treasury stock (at cost, 939,031 shares as of June 30, 2025 and June 30, 2024)	−4	−4	−4	−4	−4
Accumulated deficit	−41	−44	−45	−40	−39
Other comprehensive loss	−47	−46	−46	−39	−32
Total NetSol stockholders equity	38	35	34	45	55
Non-controlling interest	4	5	3	5	7
Total stockholders equity	42	40	37	51	62
Total liabilities and stockholders equity	62	64	58	73	87

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	1	2	3	4	4
Provision for bad debts	466,965	−29,134	2	23,388	−332,325
Gain on sale of assets	−69,355	−101,864	19,721	205,288	191,935
Stock based compensation	208,116	308,569	317,451	104,347	342,153
Accounts receivable	5	−2	−7	−6	7
Revenues in excess of billing	−5	−1	—	—	—
Other current assets	15,257	−216,944	−131,108	469,194	−857,708
Accounts payable and accrued expenses	−197,312	2	709,758	1	474,098
Unearned revenue	−6	645,125	4	931,452	204,563
Net cash provided by (used in) operating activities	447,267	3	2	3	16
Purchases of property and equipment	−1	−515,404	−2	−3	−3
Sales of property and equipment	116,783	223,866	240,207	349,058	188,233
Purchase of subsidiary shares	−8,878	—	—	—	—
Net cash used in investing activities	−1	−291,538	−1	−2	−3
Proceeds from the exercise of stock options and warrants	473,000	—	—	—	—
Proceeds from exercise of subsidiary options	13,728	—	—	—	—
Dividend paid by subsidiary to non-controlling interest	−306,799	—	—	—	—
Purchase of subsidiary treasury stock	−2	—	−61,124	−100,106	−2
Proceeds from bank loans	3	756,936	270,292	941,841	2
Payments on finance lease obligations and loans - net	−773,535	−517,385	−928,160	−1	−698,797
Net cash provided by financing activities	822,881	239,551	−718,992	−1	−1
Effect of exchange rate changes	−2	736,510	−8	−9	1
Net increase (decrease) in cash and cash equivalents	−2	4	−8	−10	14
Interest	841,962	2	679,925	433,083	455,647
Taxes	1	704,868	982,731	1	601,703
Assets acquired under finance lease	—	122,045	—	49,189	222,391
Shares issued for accrued bonus	151,201	—	67,500	19,525	—

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