15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 3.2% per year over the past 5 years.
Net income has grown faster than revenue (25.6% vs 3.2% per year).
Operating margin has expanded, at 5.3% in the latest year.
Financial health
The company holds more cash ($17M) than total debt ($76618).
Total debt has grown slower than revenue (-47.5% vs 3.2% per year).
Total debt is 0.0× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$66M
$3M
49.3%
5.3%
-$935503
$76618
$17M
2024
$61M
$683873
47.7%
5.7%
$2M
$56842
$19M
2023
$52M
-$5M
32.3%
-16.8%
$370133
$334469
$16M
2022
$57M
-$851156
41.5%
-1.9%
$451417
$1M
$24M
2021
$55M
$2M
48.0%
5.0%
$13M
$2M
$34M
2020
$56M
$937081
47.8%
1.9%
$3M
$2M
$20M
2019
$68M
$9M
51.4%
10.1%
$2M
—
$17M
2018
$61M
$4M
47.9%
5.0%
$13M
—
$22M
2017
—
-$5M
—
—
-$2M
—
$14M
2016
—
$3M
—
—
-$2M
—
$12M
2015
—
-$6M
—
—
$2M
$487492
$14M
2014
—
-$11M
—
—
$5M
$2M
$11M
2013
—
$8M
—
—
$5M
$1M
$8M
2012
—
$2M
—
—
$3M
$2M
$8M
2011
—
$6M
—
—
$5M
$434884
$4M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$20M
$1M
55.6%
15.2%
-$2M
$386238
$15M
Dec '25
$19M
$246757
48.0%
6.9%
-$5M
$386832
$18M
Sep '25
$15M
-$2M
39.4%
-12.2%
$5M
$203906
$23M
Jun '25
$18M
$3M
56.2%
17.4%
-$44075
$76618
$17M
Mar '25
$18M
$1M
49.8%
8.9%
-$693010
$18980
$19M
Dec '24
$18M
-$1M
39.4%
-2.8%
-$6M
$31589
$21M
Sep '24
$15M
$70795
45.0%
-5.2%
$5M
$44746
$25M
Jun '24
$16M
-$82882
51.5%
4.9%
$7M
$56842
$19M
Mar '24
$15M
$327549
48.3%
8.5%
-$5M
$149141
$12M
Dec '23
$15M
$408316
47.1%
6.7%
-$1M
$260313
$16M
Sep '23
$14M
$30890
43.3%
2.5%
$1M
$294247
$17M
Jun '23
$14M
-$5M
34.9%
-21.1%
-$619427
$334469
$16M
Mar '23
$14M
$3M
34.8%
-6.9%
$552342
$376712
$15M
Dec '22
$12M
-$2M
25.4%
-24.6%
$485962
$484919
$21M
Sep '22
$13M
-$620729
33.5%
-14.9%
-$48744
$621939
$21M
Jun '22
$14M
-$2M
35.6%
-11.5%
-$3M
$1M
$24M
Mar '22
$15M
-$278470
39.4%
-3.6%
$8M
$851034
$31M
Dec '21
$15M
$1M
49.4%
10.7%
-$202822
$1M
$26M
Sep '21
$13M
$187969
40.6%
-4.8%
-$4M
$119753
$27M
Jun '21
$15M
$2M
48.8%
7.4%
$5M
$2M
$34M
Valuation over time
How the market has priced NTWK against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 48.6× (Jul '24) to 17.9× (Jun '26).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 0.8× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is NTWK growing its revenue and profit?
Over the past 5 years, NETSOL TECHNOLOGIES INC's revenue has grown 3.2% per year, and net income grown 25.6% per year. These are computed facts, not advice.
How much debt does NTWK have?
As of FY2025, NETSOL TECHNOLOGIES INC reported $76618 of total debt against $17M of cash.
What is NTWK's profit margin?
In FY2025, gross margin was 49.3%, operating margin 5.3%, and net margin 4.4%.
What is NTWK's P/E ratio?
As of Jun '26, NETSOL TECHNOLOGIES INC traded at a price-to-earnings ratio of about 17.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.