
NetSol Technologies Income Statement 2025-2010 | NTWK
Brief overview of financial results at NetSol Technologies
The conclusions below are based on five years of reported results. According to figures from NetSol Technologies, revenue changed from 56.4 million dollars to 73.1 million dollars over five years. The cumulative result was +29.7%, corresponding to roughly 5.3% per year. The direction is positive, but the growth rate is not particularly high.
The five-year change in gross profit reached +20.8%: from 27 million dollars to 32.6 million dollars. Direct costs grew more slowly than revenue and improved the economics of sales. Gross profit as a share of revenue changed from 47.8% to 44.6%. A lower margin indicates deterioration in the economics of the core business.
The operating result measured by EBITDA moved from 1.9 million dollars to 5 million dollars, or +160.7%. Additional revenue translated efficiently into EBITDA. At the operating-margin level, the figure shifted from 3.4% to 6.8%. The company improved its ability to convert sales into EBITDA.
Over the period, net income shifted from 937 thousand dollars to 2.9 million dollars (+212%). The period finished with its strongest net-income result.
Market value was 36.6 million dollars at the start and 60.4 million dollars at the end. Market value lagged the financial performance.
Overall conclusion
Positive developments coexist with areas of weakness. Key strengths include revenue expansion, a stronger final result and an improving EBITDA margin. Caution is warranted because of a lower gross margin. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement NetSol Technologies
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
60.4 M | 32.4 M | 19.9 M | 34.5 M | 34.5 M | 36.6 M | 69.7 M | 63.3 M | 48.6 M | 60.5 M | 51.3 M | 33.1 M | 85.4 M | 30.5 M | 42.7 M | - |
Shares |
11.6 M | 11.4 M | 11.3 M | 11.3 M | 11.5 M | 11.7 M | 11.6 M | 11.2 M | 10.9 M | 10.4 M | 9.73 M | 9.06 M | 8.2 M | 6.22 M | 4.85 M | - |
Historical Prices |
5.22 | 2.85 | 1.76 | 3.07 | 3.98 | 4.55 | 3.31 | 8.11 | 4.75 | 5.1 | 7.19 | 6 | 4.67 | 11.6 | 5.4 | 7.7 |
Net Income |
2.92 M | 684 K | -5.24 M | -851 K | 1.78 M | 937 K | 8.58 M | 4.31 M | -4.98 M | 3.4 M | -5.55 M | -11.4 M | 7.86 M | 2.45 M | 5.73 M | - |
Revenue |
73.1 M | 64.5 M | 52.4 M | 57.2 M | 54.9 M | 56.4 M | 67.8 M | 60.9 M | 65.4 M | 64.6 M | 51 M | 36.4 M | 50.8 M | 39.8 M | 36.5 M | - |
Cost of Revenue |
33.5 M | 32.1 M | 35.5 M | 33.5 M | 28.6 M | 29.4 M | 32.9 M | 31.7 M | 37 M | 33.7 M | 33.6 M | 27.7 M | 20.3 M | 18.3 M | 14.8 M | - |
Gross Profit |
32.6 M | 29.3 M | 16.9 M | 23.7 M | 26.4 M | 27 M | 34.4 M | 29.2 M | 28.4 M | 30.8 M | 18 M | 8.66 M | 27.8 M | 21.5 M | 21.7 M | - |
Operating Income |
3.5 M | 3.49 M | -8.78 M | -1.08 M | 2.72 M | 1.07 M | 6.83 M | 3.05 M | -1 M | 6.3 M | -5.17 M | -13.1 M | 13.5 M | - | - | - |
Interest Expense |
- | 1.14 M | 765 K | 370 K | 394 K | 347 K | 312 K | 422 K | 310 K | 265 K | 167 K | 256 K | 664 K | 824 K | 864 K | - |
EBITDA |
4.97 M | 5.22 M | -5.54 M | -215 K | 3.69 M | 1.9 M | 7.73 M | 4.02 M | 113 K | 7.53 M | -3.16 M | -11.2 M | 13.6 M | 9.37 M | 11.3 M | - |
Operating Expenses |
29.1 M | 25.8 M | 25.7 M | 24.8 M | 23.6 M | 25.9 M | 27.6 M | 26.2 M | 29.4 M | 24.5 M | 23.2 M | 21.8 M | 15.8 M | 13.2 M | 11.6 M | - |
General and Administrative Expenses |
27.8 M | 24.4 M | - | 15.4 M | 15.4 M | 17.1 M | 16.9 M | 16.3 M | 16.7 M | 15 M | 14.8 M | 15 M | 10.6 M | 8.87 M | 7.07 M | - |
All numbers in USD currency
Quarterly Income Statement NetSol Technologies
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
11.8 M | 11.8 M | 11.8 M | 11.8 M | 11.8 M | 11.8 M | 11.7 M | 11.5 M | 11.4 M | 11.4 M | 11.4 M | 11.4 M | 11.3 M | 11.3 M | 11.3 M | 11.3 M | 11.3 M | 11.3 M | 11.2 M | 11.2 M | 11.3 M | 11.2 M | 11.3 M | 11.6 M | 11.8 M | 11.6 M | 11.8 M | 11.7 M | 11.7 M | 11.7 M | 11.7 M | 11.6 M | 11.5 M | 11.6 M | 11.5 M | 11.2 M | 11.1 M | 11.2 M | 11.1 M | 10.9 M | 10.9 M | 10.9 M | 10.7 M | 10.3 M | 10.3 M | 10.3 M | 10.3 M | 9.65 M | 9.21 M | 9.65 M | 9.21 M | 9.06 M | 8.96 M | 9.06 M | 8.96 M | 7.96 M | 7.59 M | 7.96 M | 7.59 M | 5.67 M | 5.59 M | 56.7 M | 55.9 M |
Net Income |
1.3 M | 247 K | -2.36 M | 247 K | -2.36 M | - | 1.42 M | -1.15 M | 70.8 K | - | 328 K | 408 K | 30.9 K | - | 2.54 M | -2.09 M | -621 K | -2.71 M | -278 K | 2.44 M | 550 K | 1.59 M | -623 K | -242 K | 718 K | -242 K | 718 K | 586 K | -1.83 M | 586 K | 1.27 M | 2.86 M | 963 K | 2.86 M | 963 K | 634 K | -369 K | 634 K | -369 K | -2.17 M | -2.17 M | -986 K | -1.77 M | 1.2 M | -738 K | 875 K | -411 K | -1.37 M | -1.84 M | -1.37 M | -1.84 M | -1.63 M | -1.1 M | -1.63 M | -1.1 M | 2.22 M | 929 K | 2.22 M | 929 K | 320 K | -1.46 M | 320 K | -1.46 M |
Revenue |
21.3 M | 20.1 M | 16.1 M | 20.1 M | 16.1 M | - | 17.5 M | 17.9 M | 15.2 M | - | 15.5 M | 15.2 M | 14.2 M | - | 13.5 M | 12.4 M | 12.7 M | 25.1 M | 14.8 M | 15.5 M | 13.4 M | 28.9 M | 2.33 K | 13.1 M | 12.6 M | 13.1 M | 12.6 M | 15.7 M | 13.6 M | 15.7 M | 17.1 M | 17 M | 16.4 M | 33.4 M | 17 M | 14.4 M | 12.8 M | 14.4 M | 12.8 M | 15.9 M | 15.9 M | 17.6 M | 15 M | 16.7 M | 12.8 M | 16.2 M | 13.3 M | 12.4 M | 10.2 M | 12.4 M | 10.2 M | 8.55 M | 8.92 M | 8.71 M | 9.06 M | 11.8 M | 11.1 M | 11.8 M | 11.1 M | 8.61 M | 6.23 M | 8.61 M | 6.23 M |
Cost of Revenue |
8.8 M | 9.78 M | 9.1 M | 9.78 M | 9.1 M | - | 8.8 M | 8.62 M | 8.03 M | - | 7.99 M | 8.06 M | 8.08 M | - | 8.8 M | 9.25 M | 8.45 M | 17.7 M | 8.98 M | 7.83 M | 7.98 M | 15.8 M | 7.36 M | 7.08 M | 6.27 M | 7.08 M | 6.27 M | 7.89 M | 7.46 M | 7.89 M | 8.57 M | 8.14 M | 8.16 M | 8.14 M | 8.16 M | 7.76 M | 8.01 M | 7.76 M | 8.01 M | 9.2 M | 9.2 M | 9.2 M | 8.91 M | 8.16 M | 7.89 M | 8.16 M | 7.89 M | 7.35 M | 7.01 M | 7.35 M | 7.01 M | 5.64 M | 5.26 M | 5.97 M | 5.66 M | 5.08 M | 5.76 M | 5.08 M | 5.76 M | 3.9 M | 4.08 M | 3.9 M | 4.08 M |
Gross Profit |
11 M | 9.03 M | 5.91 M | 9.03 M | 5.91 M | - | 8.74 M | 6.92 M | 6.56 M | - | 7.47 M | 7.18 M | 6.16 M | - | 4.71 M | 3.14 M | 4.25 M | 7.39 M | 5.83 M | 7.64 M | 5.44 M | 13.1 M | 6.43 M | 6.04 M | 6.38 M | 6.04 M | 6.38 M | 7.8 M | 6.11 M | 7.8 M | 8.56 M | 8.86 M | 8.24 M | 8.86 M | 8.24 M | 6.69 M | 4.81 M | 6.69 M | 4.81 M | 6.66 M | 6.66 M | 8.44 M | 6.09 M | 530 K | 4.91 M | 8.03 M | 5.41 M | 5 M | 3.21 M | 5 M | 3.21 M | 2.92 M | 3.66 M | 2.74 M | 3.4 M | 6.73 M | 5.32 M | 6.73 M | 5.32 M | 4.7 M | 2.14 M | 4.7 M | 2.14 M |
Operating Income |
3.01 M | 1.3 M | -1.84 M | 1.3 M | -1.84 M | - | 1.55 M | -487 K | -760 K | - | 1.32 M | 1.03 M | 351 K | - | -930 K | -3.05 M | -1.9 M | -4.94 M | -539 K | 1.65 M | -640 K | 1.01 M | 462 K | 86.5 K | 1.04 M | 86.5 K | 1.04 M | 705 K | -427 K | 705 K | 2.09 M | 2.19 M | 1.6 M | 2.19 M | 1.6 M | 317 K | -1.12 M | 317 K | -1.12 M | -352 K | -352 K | 1.43 M | -1.23 M | 2.59 M | -559 K | 2.08 M | -57 K | -1 M | -2.24 M | -1 M | -2.24 M | -1.46 M | -1.29 M | - | 3.14 M | - | 1.5 M | - | - | - | -826 K | - | - |
Interest Expense |
- | - | - | - | - | - | 195 K | 236 K | 258 K | - | 290 K | 290 K | 276 K | - | 188 K | 202 K | 122 K | 324 K | 85.9 K | 90.8 K | 101 K | 192 K | 98.7 K | 94.2 K | 103 K | - | - | - | - | - | 3.12 K | 4.5 K | 5.38 K | 9.88 K | 314 | 14.5 K | 1.1 K | 14.5 K | 1.1 K | 6.82 K | 21.6 K | - | - | - | - | - | 45.2 K | 47.3 K | 73.1 K | 120 K | 8.28 K | 92.7 K | 69.2 K | 45 K | 69.2 K | 180 K | 292 K | 180 K | 292 K | 159 K | 251 K | 159 K | 251 K |
EBITDA |
3.94 M | 1.92 M | -1.51 M | 1.6 M | -1.51 M | - | 1.92 M | -114 K | -394 K | - | 1.71 M | 1.46 M | 881 K | - | -147 K | -2.16 M | -1.05 M | -4.55 M | -333 K | 1.87 M | -425 K | 1.44 M | 734 K | 308 K | 1.26 M | 308 K | 1.26 M | 920 K | -225 K | 920 K | 2.35 M | 2.38 M | 1.81 M | 2.38 M | 1.81 M | 540 K | -872 K | 540 K | -872 K | -80.2 K | -80.2 K | 1.7 M | -963 K | 2.87 M | -268 K | 2.37 M | 234 K | -567 K | -1.66 M | -567 K | -1.66 M | -1.03 M | -863 K | 431 K | 3.57 M | 333 K | 1.84 M | 333 K | 342 K | 289 K | -635 K | 289 K | 192 K |
Operating Expenses |
8.02 M | 7.73 M | 7.75 M | 7.73 M | 7.75 M | - | 7.19 M | 7.41 M | 7.32 M | - | 6.16 M | 6.15 M | 5.81 M | - | 5.64 M | 6.19 M | 6.15 M | 12.3 M | 6.37 M | 5.99 M | 6.08 M | 12.1 M | 5.96 M | 5.96 M | 5.35 M | 5.96 M | 5.35 M | 7.1 M | 6.54 M | 7.1 M | 6.46 M | 6.67 M | 6.64 M | 6.67 M | 6.64 M | 6.37 M | 5.93 M | 6.37 M | 5.93 M | 7.01 M | 7.01 M | 7.01 M | 7.33 M | 5.94 M | 5.47 M | 5.94 M | 5.47 M | 6.01 M | 5.46 M | 6.01 M | 5.46 M | 4.38 M | 4.95 M | 4.34 M | 4.92 M | 3.81 M | 3.81 M | 3.81 M | 3.81 M | 3.49 M | 2.97 M | 3.49 M | 2.97 M |
General and Administrative Expenses |
7.86 M | 7.48 M | 7.54 M | 7.48 M | 7.54 M | - | - | 7.07 M | 6.96 M | - | - | - | - | - | 3.51 M | 3.51 M | 3.73 M | 7.24 M | 3.84 M | 3.73 M | 3.97 M | 7.71 M | 3.86 M | 4.07 M | 3.43 M | 4.07 M | 3.43 M | 4.57 M | 3.92 M | 4.57 M | 3.83 M | 4 M | 4.41 M | 4 M | 4.41 M | 4.03 M | 3.79 M | 4.03 M | 3.79 M | 3.93 M | 3.93 M | 3.93 M | 4.55 M | 3.54 M | 3.37 M | 3.54 M | 3.37 M | 3.91 M | 3.68 M | 3.91 M | 3.68 M | 3 M | 3.41 M | 1.55 M | 1.42 M | 1.35 M | 1.35 M | 1.14 M | 1.35 M | 1.07 M | 1.09 M | 1.07 M | 893 K |
All numbers in USD currency
The income statement is one of the three key financial reports of a company NetSol Technologies (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.