NETWORK-1 TECHNOLOGIES, INC.

Listed Company

NTIPCIK 0001065078NYSENon-AcceleratedSmaller ReportingPatent Owners & LessorsMassachusettsFY ends Dec 31

Period

FY 2025

Revenue

$150.0K

Net Income

$-2.42M

Total Assets

$40.33M

Equity

$39.56M

Shares Out

22.79M

Op. Cash Flow

$-869.0K

Business

NETWORK-1 TECHNOLOGIES, INC. develops, licenses and protects intellectual property assets. It offers monetization and enforcement services for patent portfolios, including M2M/IoT (eSIM/authentication), HFT (high-frequency trading latency technologies), Cox (media/content identification), Remote Power (Power over Ethernet) and Mirror Worlds (search/indexing/archiving) patents. Its business is organized around acquiring, developing and licensing patent portfolios, pursuing enforcement litigation and strategic relationships, and holding an investment in ILiAD Biotechnologies. It licenses and enforces patents domestically and internationally through settlement, litigation, strategic partnerships and direct licensing arrangements.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
REVENUE	150,000	100,000	3	—	36
Costs of revenue	42,000	28,000	—	—	12
Professional fees and related costs	788,000	959,000	807,000	809,000	2
General and administrative	2	3	3	3	3
Amortization of patents	141,000	120,000	266,000	316,000	295,000
TOTAL OPERATING EXPENSES	3	4	5	4	16
OPERATING LOSS	−3	−4	−2	−4	20
Interest and dividend income, net	2	2	2	1	327,000
Net realized and unrealized gain on marketable securities	277,000	177,000	525,000	−1	—
Total other income, net	2	2	2	—	—
LOSS BEFORE INCOME TAXES AND SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE	−1	−2	158,000	−80,000	20
Current	−31,000	—	11,000	—	3
Deferred taxes, net	−337,000	−425,000	−399,000	607,000	2
Total income taxes benefit	−368,000	−425,000	−388,000	607,000	4
LOSS BEFORE SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE:	−817,000	−1	546,000	−687,000	15
SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE	−2	−2	−2	−2	−999,000
NET LOSS	−2	−3	−1	−2	14
Basic (per share)	−0.11	−0.13	−0.06	−0.1	0.59
Diluted (per share)	−0.11	−0.13	−0.06	−0.1	0.58
Basic (shares)	23	23	24	24	24
Diluted (shares)	23	23	24	24	25
Cash dividends declared per share	0.1	0.1	0.1	0.1	0.1

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	13	13	17	13	44
Marketable securities, at fair value	23	27	29	35	15
Other current assets	237,000	232,000	206,000	348,000	150,000
Total Current Assets	37	41	46	49	60
Patents, net of accumulated amortization	1	1	1	2	1
Equity method investment	2	3	5	7	3
Operating leases right of use asset	—	27,000	16,000	161,000	—
Security deposits	13,000	13,000	13,000	—	13,000
Total Other Assets	3	5	7	9	5
TOTAL ASSETS	40	45	52	58	65
Accounts payable	253,000	203,000	125,000	507,000	459,000
Accrued payroll	289,000	292,000	378,000	317,000	380,000
Other accrued expenses	228,000	247,000	297,000	587,000	180,000
Operating lease obligations	—	24,000	23,000	79,000	—
Total Current Liabilities	770,000	766,000	823,000	2	4
Deferred tax liability	—	337,000	762,000	1	554,000
TOTAL LIABILITIES	770,000	1	2	3	5
COMMITMENTS AND CONTINGENCIES (See Note I)	—	—	—	—	—
Preferred stock, $0.01 par value; authorized 10,000,000 shares; none issued and outstanding at December 31, 2025 and December 31, 2024	—	—	—	—	—
Common stock, $0.01 par value; authorized 50,000,000 shares; 22,824,009 and 22,961,619 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	228,000	229,000	235,000	239,000	238,000
Additional paid-in capital	63	65	67	67	66
Accumulated deficit	−24	−21	−17	−12	−6
TOTAL STOCKHOLDERS EQUITY	40	44	51	55	60
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	40	45	52	58	65

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation	307,000	399,000	508,000	585,000	238,000
Loss allocated from equity investment	2	2	2	2	999,000
Deferred tax benefit	−337,000	−425,000	−399,000	607,000	2
Amortization of right of use asset, net	27,000	64,000	—	—	—
Unrealized (gain) loss on marketable securities	−149,000	67,000	−103,000	880,000	148,000
Other current assets	−5,000	−26,000	142,000	—	—
Accounts payable	50,000	79,000	−382,000	48,000	−142,000
Operating lease obligations	−24,000	−74,000	−70,000	−31,000	—
Accrued expenses	−62,000	−158,000	−291,000	242,000	−758,000
NET CASH USED IN OPERATING ACTIVITIES	−869,000	−1	331,000	−5	19
Sales of marketable securities	16	15	54	13	—
Purchases of marketable securities	−12	−14	−47	−34	−13
Acquisition of patents	−415,000	—	—	—	—
NET CASH PROVIDED BY INVESTING ACTIVITIES	4	1	7	−22	3
Cash dividends paid	−2	−2	−2	−2	−2
Value of shares delivered to fund withholding taxes	−7,000	−63,000	−83,000	—	—
Repurchases of common stock, inclusive of commissions and excise tax	−293,000	−1	−966,000	−534,000	−1
NET CASH USED IN FINANCING ACTIVITIES	−3	−4	−3	−3	−4
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	257,000	−4	3	−31	19
Interest	—	—	—	—	—
Income taxes	—	—	65,000	3	—
Accrued dividend rights on restricted stock units	51,000	59,000	65,000	37,000	20,000
Right-of-use asset for lease liability	—	75,000	80,000	—	—

Filings

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