15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 6.3% per year over the past 5 years.
Net income has grown faster than revenue (10.7% vs 6.3% per year).
Operating margin has expanded, at 9.3% in the latest year.
Free cash flow has declined 2.1% per year over the past 5 years.
Financial health
The company holds more cash ($27M) than total debt ($354169).
Total debt has grown slower than revenue (-27.7% vs 6.3% per year).
Total debt is 0.0× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2026
$74M
$3M
52.6%
9.3%
7.1%
3.8%
$12M
$354169
$27M
2025
$66M
$3M
49.3%
5.3%
7.7%
4.7%
-$935503
$76618
$17M
2024
$61M
$683873
47.7%
5.7%
2.0%
1.1%
$2M
$56842
$19M
2023
$52M
-$5M
32.3%
-16.8%
-15.5%
-9.0%
$370133
$334469
$16M
2022
$57M
-$851156
41.5%
-1.9%
-1.9%
-1.2%
$451417
$1M
$24M
2021
$55M
$2M
48.0%
5.0%
3.3%
2.1%
$13M
$2M
$34M
2020
$56M
$937081
47.8%
1.9%
1.6%
1.1%
$3M
$2M
$20M
2019
$68M
$9M
51.4%
10.1%
14.8%
9.8%
$2M
—
$17M
2018
$61M
$4M
47.9%
5.0%
6.9%
4.3%
$13M
—
$22M
2017
—
-$5M
—
—
-7.9%
-5.0%
-$2M
—
$14M
2016
—
$3M
—
—
5.3%
3.6%
-$2M
—
$12M
2015
—
-$6M
—
—
-9.3%
-6.2%
$2M
$487492
$14M
2014
—
-$11M
—
—
-18.1%
-12.0%
$5M
$2M
$11M
2013
—
$8M
—
—
10.9%
7.7%
$5M
$1M
$8M
2012
—
$2M
—
—
4.1%
2.7%
$3M
$2M
$8M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$21M
$4M
63.6%
21.6%
9.0%
4.8%
$14M
$354169
$27M
Mar '26
$20M
$1M
55.6%
15.2%
3.5%
1.8%
-$2M
$386238
$15M
Dec '25
$19M
$246757
48.0%
6.9%
0.7%
0.4%
-$5M
$386832
$18M
Sep '25
$15M
-$2M
39.4%
-12.2%
-6.6%
-3.8%
$5M
$203906
$23M
Jun '25
$18M
$3M
56.2%
17.4%
6.8%
4.1%
-$44075
$76618
$17M
Mar '25
$18M
$1M
49.8%
8.9%
4.0%
2.4%
-$693010
$18980
$19M
Dec '24
$18M
-$1M
39.4%
-2.8%
-3.4%
-1.9%
-$6M
$31589
$21M
Sep '24
$15M
$70795
45.0%
-5.2%
0.2%
0.1%
$5M
$44746
$25M
Jun '24
$16M
-$82882
51.5%
4.9%
-0.2%
-0.1%
$7M
$56842
$19M
Mar '24
$15M
$327549
48.3%
8.5%
0.9%
0.5%
-$5M
$149141
$12M
Dec '23
$15M
$408316
47.1%
6.7%
1.2%
0.7%
-$1M
$260313
$16M
Sep '23
$14M
$30890
43.3%
2.5%
0.1%
0.1%
$1M
$294247
$17M
Jun '23
$14M
-$5M
34.9%
-21.1%
-15.0%
-8.7%
-$619427
$334469
$16M
Mar '23
$14M
$3M
34.8%
-6.9%
6.7%
4.3%
$552342
$376712
$15M
Dec '22
$12M
-$2M
25.4%
-24.6%
-5.2%
-3.2%
$485962
$484919
$21M
Sep '22
$13M
-$620729
33.5%
-14.9%
-1.5%
-0.9%
-$48744
$621939
$21M
Jun '22
$14M
-$2M
35.6%
-11.5%
-4.8%
-3.0%
-$3M
$1M
$24M
Mar '22
$15M
-$278470
39.4%
-3.6%
-0.5%
-0.3%
$8M
$851034
$31M
Dec '21
$15M
$1M
49.4%
10.7%
2.6%
1.7%
-$202822
$1M
$26M
Sep '21
$13M
$187969
40.6%
-4.8%
0.4%
0.2%
-$4M
$119753
$27M
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 48.9× (Jul '24) to 32.3× (Nov '26).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 1.3× (Nov '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 6.3% per year, and net income grown 10.7% per year. These are computed facts, not advice.
How much debt does NTWK have?
As of FY2026, NETSOL TECHNOLOGIES INC reported $354169 of total debt against $27M of cash.
What is NTWK's profit margin?
In FY2026, gross margin was 52.6%, operating margin 9.3%, and net margin 4.0%.
What is NTWK's P/E ratio?
NETSOL TECHNOLOGIES INC's P/E (TTM) is 32.35 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the NTWK stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 32.3× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.