NETSOL TECHNOLOGIES INC
Business
NETSOL Technologies provides AI-powered software solutions and services for asset finance, leasing, and automotive digital retail to OEMs, dealerships, financial institutions and captive-finance companies across over 30 countries. Core offerings include the Transcend Platform (Finance, Retail, and Marketplace modules), API-first components (Flex, Hubex, Index, Dock, Lane, Link), and consulting services. Revenue streams comprise perpetual on-premises licensing, cloud-based SaaS subscriptions, implementation and customization services, and post-implementation support; the company operates globally from offices in North America, Europe, Asia Pacific and the Middle East.
Summary from 10-K filed 2025-09-29
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is NETSOL TECHNOLOGIES INC's CIK number?
NETSOL TECHNOLOGIES INC's SEC CIK number is 0001039280 (1039280). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NETSOL TECHNOLOGIES INC's SEC filings?
All of NETSOL TECHNOLOGIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did NETSOL TECHNOLOGIES INC last report earnings?
NETSOL TECHNOLOGIES INC (NTWK) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-022963). This is NETSOL TECHNOLOGIES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is NETSOL TECHNOLOGIES INC's most recent earnings 8-K?
NETSOL TECHNOLOGIES INC's latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001493152-26-022963. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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