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NetSol Technologies (NTWK)
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NetSol Technologies Balance Sheet 2026-2010 | NTWK
Brief balance sheet overview of NetSol Technologies
Balance sheet changes are traced across five available annual reports between 2021 and 2025.
Across five reporting periods, assets decreased -27.9%, from $86.6 million to $62.4 million, producing a negative trend.
Funding shifted toward liabilities: they gained -18.4%, compared with -27.9% for assets.
The equity ratio reached 60.6% from 63.1%. A high capital share reduces dependence on liabilities.
The period ended with net cash: net debt stood at -$16.9 million. This supports financial flexibility.
Cash represents 27.8% of assets versus 38.9% initially, showing how the immediate liquidity reserve changed.
Retained earnings are negative at -$41.3 million. This reduces the formal capital cushion, although large shareholder returns may have contributed.
Balance sheet takeaway
NetSol Technologies retains a reasonably healthy balance sheet structure, which still needs support from earnings and cash flow.
Annual Balance Sheet NetSol Technologies
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-26.5 M | -16.8 M | -18.5 M | -14.9 M | -22.3 M | -32.1 M | -9.96 M | -10.8 M | -13.5 M | -3.94 M | -7.13 M | -10.6 M | -5.15 M | -1.79 M | -186 K | 1.33 M | - |
Long Term Debt |
208 K | 135 K | 9.68 K | 173 K | 1.07 M | 700 K | 1.36 M | 67.1 K | 331 K | 367 K | 478 K | 125 K | 997 K | 1.08 M | 2.49 M | 435 K | - |
Long Term Debt Current |
447 K | 433 K | 608 K | 505 K | 549 K | 858 K | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 2.88 M | 565 K | 331 K | 367 K | 478 K | 487 K | 1.53 M | 1.41 M | 2.75 M | 720 K | - |
Total Current Liabilities |
27.6 M | 19.7 M | 23.9 M | 20.8 M | 20.8 M | 23.5 M | 20.1 M | 20.4 M | 22.7 M | 21.1 M | 15.2 M | 14.8 M | 14.6 M | 11.9 M | 13.6 M | - | - |
Total Liabilities |
28.3 M | 20.2 M | 24.7 M | 21.6 M | 21.8 M | 24.7 M | 23 M | 21 M | 22.8 M | 21.5 M | 15.7 M | 15.3 M | 16.1 M | 13.3 M | 16.4 M | 20.7 M | - |
Deferred Revenue |
10.3 M | 3.03 M | 8.75 M | 7.93 M | 4.9 M | 4.56 M | 4.1 M | 5.98 M | 5.95 M | 3.93 M | 4.74 M | 4.9 M | 3.24 M | 2.45 M | 2.74 M | 2.69 M | - |
Retained Earnings |
-38.3 M | -41.3 M | -44.2 M | -44.9 M | -39.7 M | -38.8 M | -34.3 M | -35.2 M | -38 M | -42.3 M | -37.3 M | -40.7 M | -35.2 M | -23.8 M | -31.7 M | -34.1 M | - |
Total Assets |
77.8 M | 62.4 M | 64.2 M | 58.4 M | 72.6 M | 86.6 M | 88.5 M | 87.5 M | 99.8 M | 99.7 M | 93.3 M | 89 M | 94.9 M | 103 M | 91.3 M | 85.6 M | - |
Cash and Cash Equivalents |
27.1 M | 17.4 M | 19.1 M | 15.5 M | 24 M | 33.7 M | 20.2 M | 17.4 M | 22.1 M | 14.2 M | 11.6 M | 14.2 M | 11.5 M | 7.87 M | 7.6 M | 4.17 M | 4.08 M |
Book Value |
49.6 M | 42.3 M | 39.5 M | 36.8 M | 50.9 M | 61.9 M | 65.5 M | 66.5 M | 76.9 M | 78.2 M | 77.6 M | 73.6 M | 78.8 M | 89.4 M | 75 M | 64.9 M | - |
Total Shareholders Equity |
41.6 M | 37.8 M | 34.8 M | 33.8 M | 45.4 M | 54.7 M | 59 M | 58.1 M | 57 M | 63.4 M | 64.3 M | 59.8 M | 62.6 M | 72.2 M | 59.6 M | 64.9 M | 45.8 M |
Annual performance
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All numbers in USD currency
Quarterly Balance Sheet NetSol Technologies
| 2026-Q4 | 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
333 K | 244 K | 257 K | 135 K | 257 K | 135 K | 135 K | 19 K | 31.6 K | 4.96 K | 95.8 K | 41.4 K | 99.5 K | 137 K | 176 K | 210 K | 293 K | 270 K | 476 K | 851 K | 1.09 M | 40 K | 1.79 M | 700 K | 1.55 M | 1.71 M | 1.92 M | 1.54 M | 418 K | 493 K | 565 K | 717 K | 345 K | 297 K | 331 K | 331 K | 251 K | 308 K | 367 K | 367 K | 502 K | 502 K | 502 K | 540 K | 273 K | 330 K | 487 K | 594 K | 1.08 M | 1.39 M | 1.53 M | 1.53 M | 1.6 M | 1.42 M | 1.41 M | 1.41 M | 1.29 M | 1.51 M | 1.55 M | 1.55 M | 1.8 M | 426 K | 435 K | 435 K |
Total Liabilities |
20.2 M | 27.7 M | 20.7 M | 22.1 M | 20.7 M | 22.1 M | 20.2 M | 19.2 M | 20.6 M | 23.1 M | 24.7 M | 23.9 M | 18.9 M | 19.2 M | 21.6 M | 18.5 M | 20.5 M | 20.1 M | 21.8 M | 24.3 M | 21.5 M | 21.8 M | 24.7 M | 24.7 M | 24.2 M | 22.5 M | 23 M | 23 M | 24.2 M | 22.3 M | 21 M | 22 M | 20.2 M | 20.9 M | 23.1 M | 23.1 M | 28.1 M | 21.2 M | 21.5 M | 21.5 M | 15.2 M | 15.2 M | 15.1 M | 15.8 M | 13.4 M | 13.9 M | 13.6 M | 14 M | 18.1 M | 17.7 M | 16.1 M | 16.1 M | 17.6 M | 15.9 M | 13.3 M | 13.3 M | 18.5 M | 18.7 M | 16.4 M | 16.4 M | 20.8 M | 17.5 M | 20.7 M | 20.7 M |
Deferred Revenue |
8.75 M | 10.2 M | 2.88 M | 3.74 M | 2.88 M | 3.74 M | 3.03 M | 2.71 M | 3.32 M | 6.92 M | 8.75 M | 9.5 M | 4.43 M | 5.17 M | 7.93 M | 4.17 M | 4.05 M | 3.98 M | 4.9 M | 6.95 M | 3.72 M | 3.39 M | 4.56 M | 4.56 M | 3.75 M | 2.78 M | 4.1 M | 4.1 M | 3.14 M | 4.42 M | 5.98 M | 6.24 M | 4.71 M | 4.91 M | 6.17 M | 6.17 M | 10.1 M | 3.66 M | 3.93 M | 3.93 M | 2.88 M | 2.88 M | 2.81 M | 4.42 M | 3.36 M | 4.21 M | 3.55 M | 4.3 M | 8.14 M | 8.08 M | 3.24 M | 3.24 M | 4.78 M | 3.99 M | 2.45 M | 2.45 M | 4.51 M | 4.27 M | 2.7 M | 2.7 M | 3.3 M | 2.48 M | 2.65 M | 2.65 M |
Retained Earnings |
-41.3 M | -42.1 M | -43.4 M | -43.6 M | -43.4 M | -43.6 M | -41.3 M | -43.9 M | -45.3 M | -44.1 M | -44.2 M | -44.1 M | -44.5 M | -44.9 M | -44.9 M | -39.8 M | -42.4 M | -40.3 M | -39.7 M | -37.5 M | -37.2 M | -38.6 M | -38.8 M | -38.8 M | -40.1 M | -39.9 M | -34.3 M | -34.3 M | -36.4 M | -37 M | -35.2 M | -38.7 M | -40 M | -42.8 M | -43.8 M | -43.8 M | -42 M | -42.7 M | -42.3 M | -42.3 M | -39.9 M | -39.9 M | -40.1 M | -39.1 M | -40.3 M | -41.5 M | -40.3 M | -41.1 M | -38.4 M | -37 M | -35.2 M | -35.2 M | -26.5 M | -24.9 M | -23.8 M | -23.8 M | -28.5 M | -30.8 M | -31.7 M | -31.7 M | -35.3 M | -35.6 M | -34.1 M | -34.1 M |
Total Assets |
62.4 M | 71.9 M | 62.7 M | 62.6 M | 62.7 M | 62.6 M | 62.4 M | 58.1 M | 59.1 M | 62.8 M | 64.2 M | 63.3 M | 57.5 M | 55.9 M | 58.4 M | 59.5 M | 64.8 M | 66.4 M | 72.6 M | 82.1 M | 81.5 M | 80.9 M | 86.6 M | 86.6 M | 88.3 M | 83.1 M | 85.5 M | 88.5 M | 91 M | 88.4 M | 87.5 M | 91.7 M | 88.1 M | 90.3 M | 91.2 M | 91.2 M | 105 M | 98.5 M | 99.7 M | 99.7 M | 93 M | 93.1 M | 92.6 M | 94.1 M | 87 M | 85.7 M | 87.2 M | 86.3 M | 92.2 M | 92.5 M | 94.9 M | 94.9 M | 102 M | 102 M | 103 M | 103 M | 98.6 M | 96.6 M | 91.3 M | 91.3 M | 86 M | 81.2 M | 85.6 M | 85.6 M |
Cash and Cash Equivalents |
17.4 M | 14.7 M | 18.1 M | 22.7 M | 18.1 M | 22.7 M | 17.4 M | 18.8 M | 21.3 M | 24.5 M | 19.1 M | 12.3 M | 15.7 M | 16.6 M | 15.5 M | 15.3 M | 20.9 M | 20.9 M | 24 M | 30.6 M | 25.6 M | 27 M | 33.7 M | 33.7 M | 32 M | 24.9 M | 20.2 M | 20.2 M | 22.1 M | 17.6 M | 17.4 M | 17 M | 20.3 M | 20.4 M | 22.1 M | 22.1 M | 10 M | 8.55 M | 14.2 M | 8.55 M | 9.51 M | 9.51 M | 9.51 M | 11.2 M | 14 M | 10.1 M | 14 M | 10.1 M | 13.5 M | 10.4 M | 13.5 M | 10.4 M | 11.6 M | 6.76 M | 11.6 M | 6.76 M | 9.58 M | 8.02 M | 9.58 M | 8.02 M | 4.72 M | 3.12 M | 4.72 M | 3.12 M |
Book Value |
42.3 M | 44.3 M | 41.9 M | 40.5 M | 41.9 M | 40.5 M | 42.3 M | 38.9 M | 38.5 M | 39.7 M | 39.5 M | 39.4 M | 38.5 M | 36.7 M | 36.8 M | 41 M | 44.4 M | 46.3 M | 50.9 M | 57.8 M | 60 M | 59 M | 61.9 M | 61.9 M | 64.1 M | 60.5 M | 62.5 M | 65.5 M | 66.8 M | 66.1 M | 66.5 M | 69.7 M | 67.9 M | 69.4 M | 68.2 M | 68.2 M | 76.4 M | 77.3 M | 78.2 M | 78.2 M | 77.8 M | 77.9 M | 77.5 M | 78.2 M | 73.6 M | 71.8 M | 73.6 M | 72.3 M | 74 M | 74.8 M | 78.8 M | 78.8 M | 84.4 M | 86.5 M | 89.4 M | 89.4 M | 80.1 M | 77.8 M | 75 M | 75 M | 65.2 M | 63.7 M | 64.9 M | 64.9 M |
Total Shareholders Equity |
39.5 M | 37.2 M | 35.9 M | 35.8 M | 35.9 M | 35.8 M | 37.8 M | 35.5 M | 38.5 M | 39.7 M | 34.8 M | 39.4 M | 38.5 M | 36.7 M | 33.8 M | 41 M | 44.4 M | 46.3 M | 45.4 M | 57.8 M | 60 M | 59 M | 61.9 M | 54.7 M | 53.9 M | 53.9 M | 59 M | 59 M | 60 M | 57.5 M | 58.1 M | 59.1 M | 57.7 M | 58.1 M | 57 M | 57 M | 61.9 M | 62.5 M | 63.4 M | 63.4 M | 63.7 M | 63.7 M | 63.5 M | 64.4 M | 59.6 M | 58.2 M | 59.6 M | 58.6 M | 60.6 M | 60.1 M | 62.6 M | 62.6 M | 68.1 M | 69.6 M | 72.2 M | 72.2 M | 64.1 M | 62.3 M | 59.6 M | 59.6 M | 51.8 M | 51.5 M | 52.4 M | 52.4 M |
Quarterly performance
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All numbers in USD currency
Balance Sheet is a fundamental financial report of NetSol Technologies, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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