NetSol Technologies, Inc
(NASDAQ:NTWK)

NetSol Technologies, Inc. designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry. Its ...

Website: http://www.netsoltech.com

Founded: 1997

Full Time Employees: 1,400

Sector: Technology

Industry: Software-Application

Technology

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Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-03-31	2008-12-31	2008-09-30	2004-09-30

net revenues:
license fees	4,728,411	117,482	72,225	523,518	1,198	72,688	1,229	558,340	2,990,453	1,280,449	20,735	1,982,985	15,884	249,960	952,386	1,620,827	1,955,331	10,716	1,538,982	2,120,963	2,586,504	3,475		383,963	2,679,145	3,458,747	2,536,320	4,817,569	5,956,113	3,387,386	2,648,870	235,932	326,066	3,265,338	5,730,222	5,350,086	3,499,860	3,090,927	1,358,469	709,691	1,193,354	1,428,520	1,215,201	2,100,715	1,584,553	606,855	2,118,015	455,616	2,252,567	6,219,084	4,790,015	7,277,498	2,968,498	2,047,855	1,075,850	1,025,445	3,652,170	3,129,063	3,477,793	4,641,769	3,644,809	3,318,936	2,551,593		647,979	2,529,808
subscription and support	8,810,115	9,079,783	8,960,555	8,211,188	7,888,360	8,642,629	8,192,471	7,140,358	6,827,781	6,512,243	6,805,076	6,656,082	6,502,669	6,016,834	6,124,961	6,554,540	9,374,869	6,230,389	5,602,304	5,674,776	5,724,802	5,171,863
services	6,294,117	9,611,213	5,979,143	9,674,407	9,654,399	6,821,344	6,404,798	7,765,818	5,419,707	6,449,489	6,964,538	4,867,322	5,871,805	6,439,325	6,467,083	6,634,459	4,142,762	7,179,656	8,177,720	5,988,257	4,810,154	7,472,040		10,282,755	6,418,891	9,010,805	10,519,219	8,237,334	6,418,634	8,161,844	9,345,210	9,087,191	7,017,737	5,003,826	7,004,272	6,984,084	5,806,717	7,800,762	8,159,490	9,574,104	6,753,873	8,177,176	7,022,982	5,567,826	4,397,957	1,245,465	4,689,019	5,385,191	4,424,340	6,533,353	5,535,188	5,168,861	5,817,465	4,436,916	3,115,652	3,967,720	5,278,960	5,272,675	3,255,360	4,343,205	3,548,348	4,420,535	3,262,764	3,033,684	3,109,737	5,177,425
total net revenues	19,832,643	18,808,478	15,011,923	18,409,113	17,543,957	15,536,661	14,598,498	15,464,516	15,237,941	14,242,181	13,790,349	13,506,389	12,390,358	12,706,119	13,544,430	14,809,826	15,472,962	13,420,761	15,367,781	13,783,996	13,121,460	12,647,378		15,690,019	13,572,416	17,292,956	17,127,055	17,002,627	16,396,545	16,621,227	17,043,820	14,446,435	12,818,776	14,481,693	17,949,320	17,638,112	15,001,558	19,079,493	15,973,899	16,191,697	13,305,104	15,394,908	13,073,915	12,352,604	10,227,151	9,546,709	9,363,051	8,708,002	9,057,316	15,103,615	12,813,977	14,330,216	10,610,548
yoy	13.05%	21.06%	2.83%	19.04%	15.13%	9.09%	5.86%	14.50%	22.98%	12.09%	1.82%	-8.80%	-19.92%	-5.32%	-11.86%	7.44%	17.92%	6.11%		-12.15%	-3.32%	-26.86%		-7.72%	-17.22%	4.04%	0.49%	17.69%	27.91%	14.77%	-5.04%	-18.10%	-14.55%	-24.10%	12.37%	8.93%	12.75%	23.93%	22.18%	31.08%	30.10%	61.26%	39.63%	41.85%	12.92%	-36.79%	-26.93%	-39.23%	-14.64%
qoq	5.45%	25.29%	-18.45%	4.93%	12.92%	6.43%	-5.60%	1.49%	6.99%	3.28%	2.10%	9.01%	-2.49%	-6.19%	-8.54%	-4.29%	15.29%	-12.67%	11.49%	5.05%	3.75%			15.60%	-21.51%	0.97%	0.73%	3.70%	-1.35%	-2.48%	17.98%	12.70%	-11.48%	-19.32%	1.76%	17.58%	-21.37%	19.44%	-1.35%	21.70%	-13.57%	17.75%	5.84%	20.78%	7.13%	1.96%	7.52%	-3.86%	-40.03%	17.87%	-10.58%	35.06%
cost of revenues	8,804,001	9,779,386	9,099,933	8,060,807	8,802,184	8,616,320	8,034,386	7,989,696	8,062,204	8,080,164																																																									751,647
gross profit	11,028,642	9,029,092	5,911,990	10,348,306	8,741,773	6,920,341	6,564,112	7,474,820	7,175,737	6,162,017	4,816,074	4,705,029	3,142,463	4,251,997	4,816,994	5,834,570	7,642,587	5,443,023	7,503,696	6,425,448	6,042,309	6,381,575		7,801,960	6,110,628	8,791,702	8,557,320	8,858,571	8,238,058	8,514,036	9,192,719	6,688,353	4,811,809	4,585,465	8,996,205	8,437,577	6,093,104	9,820,047	7,542,835	8,027,975	5,410,729	5,100,923	4,713,106	5,000,552	3,212,633	-179,371	2,381,086	2,740,139	3,397,547	9,307,830	6,494,756	8,954,538	5,696,832	4,702,083	2,144,048	2,816,000	6,776,502	6,928,503	5,222,442	7,451,454	5,477,017	5,921,390	4,062,988	539,386	1,427,285	4,732,421	1,306,658
yoy	26.16%	30.47%	-9.93%	38.44%	21.82%	12.31%	36.30%	58.87%	128.35%	44.92%	-0.02%	-19.36%	-58.88%	-21.88%	-35.81%	-9.20%	26.48%	-14.71%		-17.64%	-1.12%	-27.41%		-11.93%	-25.82%	3.26%	-6.91%	32.45%	71.21%	85.67%	2.18%	-20.73%	-21.03%	-53.31%	19.27%	5.10%	12.61%	92.52%	60.04%	60.54%	68.42%	-2943.78%	97.94%	82.49%	-5.44%	-101.93%	-63.34%	-69.40%	-40.36%	97.95%	202.92%	217.99%	-15.93%	-32.13%	-58.95%	-62.21%	23.73%	17.01%	28.54%	1281.47%	283.74%	25.12%	210.95%
qoq	22.15%	52.73%	-42.87%	18.38%	26.32%	5.43%	-12.18%	4.17%	16.45%	27.95%	2.36%	49.72%	-26.09%	-11.73%	-17.44%	-23.66%	40.41%	-27.46%	16.78%	6.34%	-5.32%			27.68%	-30.50%	2.74%	-3.40%	7.53%	-3.24%	-7.38%	37.44%	39.00%	4.94%	-49.03%	6.62%	38.48%	-37.95%	30.19%	-6.04%	48.37%	6.07%	8.23%	-5.75%	55.65%	-1891.05%	-107.53%	-13.10%	-19.35%	-63.50%	43.31%	-27.47%	57.18%	21.16%	119.31%	-23.86%	-58.44%	-2.19%	32.67%	-29.91%	36.05%	-7.50%	45.74%	653.26%	-62.21%	-69.84%	262.18%
gross margin %	55.61%	48.01%	39.38%	56.21%	49.83%	44.54%	44.96%	48.34%	47.09%	43.27%	34.92%	34.84%	25.36%	33.46%	35.56%	39.40%	49.39%	40.56%	48.83%	46.62%	46.05%	50.46%	NaN%	49.73%	45.02%	50.84%	49.96%	52.10%	50.24%	51.22%	53.94%	46.30%	37.54%	31.66%	50.12%	47.84%	40.62%	51.47%	47.22%	49.58%	40.67%	33.13%	36.05%	40.48%	31.41%	-1.88%	25.43%	31.47%	37.51%	61.63%	50.68%	62.49%	53.69%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
operating expenses:
selling, general and administrative	7,856,107	7,481,647	7,536,353	6,875,406	6,883,587	7,073,622	6,964,321	5,811,335	5,807,494	5,432,969
research and development cost	166,384	247,713	214,343	277,472	304,788	333,669	359,949	345,582	341,411	378,419	356,820	302,262	472,904	469,627	580,533	251,001	235,390	275,230	243,082	234,678	110,419	85,989		454,605	672,970	714,651	513,770	424,652	318,155	281,377	197,643	189,891	185,085	107,613	101,193	91,607	92,932	123,666	132,123	117,924	112,070	84,152	84,038	80,437	66,265	70,850	65,060	55,114
total operating expenses	8,022,491	7,729,360	7,750,696	7,152,878	7,188,375	7,407,291	7,324,270	6,156,917	6,148,905	5,811,388	7,722,892	5,635,464	6,188,977	6,148,188	6,370,270	6,373,875	5,988,719	6,082,633	6,368,125	5,963,229	5,955,806	5,345,019		7,096,970	6,537,838	7,846,102	6,464,411	6,668,793	6,638,433	7,411,048	6,439,624	6,371,522	5,929,812	7,918,323	7,155,581	7,009,983	7,325,263	6,782,310	6,306,676	5,943,206	5,467,693	5,388,215	6,344,502	6,005,149	5,455,153	7,480,914	5,062,465	4,343,681	4,920,499	4,710,821	3,846,261	4,244,198	3,532,652	3,485,579	2,970,490	3,380,490	1,969,096	3,032,128	3,196,913	3,141,402	2,896,038	4,230,898	2,916,802	4,796,878	4,244,321	3,603,983	1,272,258
income from operations	3,006,151	1,299,732		76,572.5	1,553,398	-486,950			1,026,832	350,629	-2,906,818	-930,435	-3,046,514	-1,896,191	118,738.25	-539,305	1,653,868	-639,610	1,135,571	462,219	86,503			704,990	-427,210	945,600	2,092,909		1,599,625	1,102,988	2,753,095	316,831	-1,118,003	-3,332,858	1,840,624	1,427,594	-1,232,159	3,037,737	1,236,159	2,084,769	-56,964	-287,292	-1,631,396	-1,004,597	-2,242,520	-7,660,285	-2,681,379	-1,603,542	-1,522,952	4,597,009	2,648,495	4,710,340	2,164,180	1,216,504	-826,442	-564,490	4,807,406	3,896,375	2,025,530			1,690,492	1,146,186		-2,817,036	1,128,438	34,400
yoy	93.52%	-366.91%			51.28%	-238.88%			-133.71%	-118.49%	-2548.09%	72.52%	-284.21%	196.46%	-89.54%	-216.68%	1811.92%			-34.44%	-120.25%				-126.71%	-14.27%	-23.98%		-243.08%	-133.09%	49.57%	-77.81%	-9.26%	-209.72%	48.90%	-31.52%	2063.05%	-1157.37%	-175.77%	-307.52%	-97.46%	-96.25%	-39.16%	-37.35%	47.25%	-266.64%	-201.24%	-134.04%	-170.37%	277.89%	-420.47%	-934.44%	-54.98%	-68.78%	-140.80%			130.49%	76.72%			49.81%	3231.94%
qoq	131.29%			-95.07%	-419.01%				192.85%	-112.06%	212.41%	-69.46%	60.66%	-1696.95%	-122.02%	-132.61%	-358.57%	-156.32%	145.68%	434.34%				-265.02%	-145.18%	-54.82%			45.03%	-59.94%	768.95%	-128.34%	-66.46%	-281.07%	28.93%	-215.86%	-140.56%	145.74%	-40.71%	-3759.80%	-80.17%	-82.39%	62.39%	-55.20%	-70.73%	185.68%	67.22%	5.29%	-133.13%	73.57%	-43.77%	117.65%	77.90%	-247.20%	46.41%	-111.74%	23.38%	92.36%				47.49%			-349.64%	3180.34%
operating margin %	15.16%	6.91%	0%	0.42%	8.85%	-3.13%	0%	0%	6.74%	2.46%	-21.08%	-6.89%	-24.59%	-14.92%	0.88%	-3.64%	10.69%	-4.77%	7.39%	3.35%	0.66%	0%	NaN%	4.49%	-3.15%	5.47%	12.22%	0%	9.76%	6.64%	16.15%	2.19%	-8.72%	-23.01%	10.25%	8.09%	-8.21%	15.92%	7.74%	12.88%	-0.43%	-1.87%	-12.48%	-8.13%	-21.93%	-80.24%	-28.64%	-18.41%	-16.81%	30.44%	20.67%	32.87%	20.40%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	Infinity%	Infinity%	NaN%	-Infinity%	Infinity%	Infinity%
other income and																																																																15,378	132,986		22,335
interest expense	-151,537	-176,273	-174,611	-182,008	-194,742	-236,386	-258,219	-289,677	-290,322	-276,017	-252,920	-188,137	-202,363	-121,610	-92,064	-85,916	-90,808	-101,013	-98,065	-98,656	-94,241	-103,327		-88,006	-63,663	-78,113	-70,447	-63,804	-99,434	-92,059	-102,522	-109,675	-118,071	-133,085	-60,357	-62,127	-54,475	-68,112	-56,070	-72,156	-68,173	-1,370	-45,234	-47,265	-73,093	-85,447	-8,275	-45,036	-69,217	-76,090	-115,614	-236,548	-167,972	-158,957	-251,430	-107,926	-148,661	-291,475	-315,644	-324,917	-312,671	-372,273	-468,615	-483,501	-296,578	-203,892	-21,575
interest income	208,232	208,775	280,974	277,446	294,655	529,072	769,867	376,466	468,280	414,718	212,293	263,794	309,906	431,857	532,336	364,161	316,253	443,133	373,778	231,979	210,854	200,821		435,682	399,229	274,592	201,084	230,421	248,964	197,316	142,356	115,570	136,911	98,638	27,229	23,416	30,440	44,710	29,673	35,299	52,112	70,341	97,094	106,078	57,919	74,325	114,141	39,931	32,854	43,541	86,018	15,298	26,672	7,264	32,805	11,586	48,851	9,958	84,461	27,096	82,637	33,752	47,352	177,771	40,895	27,941
gain on foreign currency exchange transactions	-76,178	46,074	-286,917	41,443.75	321,622	-698,392		-963,887	-14,617	-134,253	-610,481	5,385,591	657,223	1,315,705	671,170	499,516	901,016	1,284,148	917,894	-1,825,349	13,981				-1,760,190	3,750,974	47,218	2,536,755	10,912			1,737,967	1,016,362					-58,822.75	12,955		-113,719	135,937	-247,845	-421,082	79,220	-248,493	-908,192	96,039	1,111,423	369,723	97,831	-55,609	421,098	160,125	-120,906	217,880	224,531	-400,658	1,073,894
other income	109,203	63,925	17,670	41,855	10,831	38,064	153,491	21,634	-57,305	57,881	-719,447	21,897	89,660	2,320	-211,241	-30,296	19,668	3,029	333,049	521,758	45,365	87,272		207,987	18,326	5,682	3,116	4,503	5,379	26,923	314	14,511	1,099	22,214	-219	6,823	21,560	24,675	25,258	120,684	54,314	58,380	607,111	18,162	379	54,919	-5,006	-47,858	678	-91.75	-371			-8,988		10,257	-5,105	-1,748	-55,554	-6,063	144,609	-50,825	-258,691			16,454
total other income	89,720	142,501	-162,884	1,273,131	432,366	-367,642	1,207,684	-855,464	106,036	62,329	-2,354,814	5,400,684	864,607	1,651,568	144,709	679,437	986,186	1,357,732	1,440,675	-1,304,233	79,743	351,215		452,456	-1,595,811	3,970,948	-48,038	2,406,078	-81,576	92,986	2,367,401	1,546,098	961,609	943,420	359,197	-686,114	-419,774	-478,306	26,664	-53,033	-87,339	272,789	417,622	-413,650	53,373	-419,625	-1,012,011	-308,001	1,071,135	453,339	-106,697	-251,114	225,290	-63,629	-470,474	70,668	-61,815	-874,677	524,515	-1,130,844	-883,667	-1,076,927	-296,111	-1,409,008	-332,687
net income before income taxes	3,095,871	1,442,233	-2,001,590	4,468,559	1,985,764	-854,592	447,526	462,439	1,132,868	412,958	-5,261,632	4,470,249	-2,181,907	-244,623	-1,408,567	140,132	2,640,054	718,122	2,576,246	-842,014	166,246	1,387,771		1,157,446	-2,023,021	4,916,548	2,044,871	4,595,856	1,518,049	1,195,974	5,120,496	1,862,929	-156,394	-2,389,438	2,199,821	741,480	-1,651,933	2,559,431	1,262,823	2,031,736	-144,303				-2,189,147	-8,079,910	-3,693,390	-1,911,543	-451,817	5,050,348	2,541,798	4,459,226	2,389,470	1,152,875	-1,296,916	-493,822	4,745,591
income tax provision	-781,243	-480,194	-215,775	-763,573	-151,334	-331,614	-229,817	-146,569	-150,053	-121,895	-285,438	-227,718	-220,056	-193,348	-462,201	-157,604	-201,506	-167,627	-383,733	-133,156	-245,434	-264,294		-610,510	-238,238	-280,522	-275,476	-264,872	-236,914	-386,047	-261,182	-200,927	-24,871	-491,588	-61,604	-338,884	-39,875	-197,839	-106,209	-273,275	-75,223	-178,341	-107,398	-87,683	-40,076
net income	2,314,628	962,039	-2,217,365	3,704,986	1,834,430	-1,186,206	217,709	315,870	982,815	291,063	-5,547,070	4,242,531	-2,401,963	-437,971	-1,870,768	-17,472	2,438,548	550,495	2,192,513	-975,170	-79,188	1,123,477		546,936	-2,261,259	4,636,026	1,769,395	4,330,984	1,281,135	809,927	4,859,314	1,662,002	-181,265	-2,881,026	2,138,217	402,596	-1,691,808	2,361,592	1,156,614	1,758,461	-219,526	-192,844	-1,321,172	-1,505,930	-2,229,223	-8,278,871	-2,311,524			1,178,735.75	1,562,835				-1,458,708	-1,093,060	3,318,429		1,566,981	1,516,868	589,047	-447,878	-263,917	-4,998,510	-3,232,640	1,056,842	34,358
yoy	26.18%	-181.10%	-1118.50%	1072.95%	86.65%	-507.54%	-103.92%	-92.55%	-140.92%	-166.46%	196.51%	-24381.89%	-198.50%	-179.56%	-185.33%	-98.21%	-3179.44%	-51.00%		-278.30%	-96.50%	-75.77%		-87.37%	-276.50%	472.40%	-63.59%	160.59%	-806.77%	-128.11%	127.26%	312.82%	-89.29%	-222.00%	84.87%	-77.11%	670.66%	-1324.61%	-187.54%	-216.77%	-90.15%	-97.67%	-42.84%			-802.35%	-247.91%				-207.14%				-193.09%	-172.06%	463.36%		-693.74%	-130.35%	-118.22%	-142.38%	-868.14%
qoq	140.60%	-143.39%	-159.85%	101.97%	-254.65%	-644.86%	-31.08%	-67.86%	237.66%	-105.25%	-230.75%	-276.63%	448.43%	-76.59%	10607.23%	-100.72%	342.97%	-74.89%	-324.83%	1131.46%	-107.05%			-124.19%	-148.78%	162.01%	-59.15%	238.06%	58.18%	-83.33%	192.38%	-1016.89%	-93.71%	-234.74%	431.11%	-123.80%	-171.64%	104.18%	-34.23%	-901.03%	13.84%	-85.40%	-12.27%	-32.45%	-73.07%	258.16%				-24.58%					33.45%	-132.94%			3.30%	157.51%	-231.52%	69.70%	-94.72%	54.63%	-405.88%	2975.97%
net income margin %	11.67%	5.11%	-14.77%	20.13%	10.46%	-7.63%	1.49%	2.04%	6.45%	2.04%	-40.22%	31.41%	-19.39%	-3.45%	-13.81%	-0.12%	15.76%	4.10%	14.27%	-7.07%	-0.60%	8.88%	NaN%	3.49%	-16.66%	26.81%	10.33%	25.47%	7.81%	4.87%	28.51%	11.50%	-1.41%	-19.89%	11.91%	2.28%	-11.28%	12.38%	7.24%	10.86%	-1.65%	-1.25%	-10.11%	-12.19%	-21.80%	-86.72%	-24.69%	0%	0%	7.80%	12.20%	0%	0%	NaN%	-Infinity%	-Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%
non-controlling interest	-1,013,664	-715,282	-139,923	-1,129,474	-410,462	39,164	-146,914	11,679	-574,499	-260,173	472,354	-1,697,908	309,037	-182,758	-296,672	-260,998	-1,031,763	-362,526	-266,475	351,939	-162,916	-405,923		39,039	433,312	-1,138,405	-501,835	-1,475,355	-318,546	367,593	-1,994,869	-1,027,581	-188,233	-242,467	-1,438,249	-1,388,272	-73,911	-272,347	-307,135	-883,396	-191,502	-514,534	-315,073	138,764	391,197	946,651	1,011,720	313,905	-634,167	-1,458,749	-968,384	-2,566,843	-672,322	-826,303	-137,258	-504,154	-1,413,427	-1,082,792	-974,508	-1,657,004	-1,097,201	-1,028,917	-1,108,975
net income attributable to netsol	1,300,964	246,757	-2,357,288	2,575,512	1,423,968	-1,147,042	70,795		408,316	30,890	-5,074,716	2,544,623	-2,092,926	-620,729	-2,167,440	-278,470	1,406,785	187,969	1,926,038	-623,231	-242,104	717,554		585,975	-1,827,947	3,497,621	1,267,560	2,855,629	962,589	1,177,520	2,864,445	634,421	-369,498	-3,123,493	699,968	-985,676	-1,765,719	2,089,245	849,479	875,065	-411,028				-1,838,026	-7,332,220	-1,299,804	-1,626,908	-1,097,115	1,178,735.75	1,562,835			319,567
net income per share
net income per common share
basic	0.11	0.02	-0.2	0.22	0.12	-0.1	0.006	0.03	0.04	0.003	-0.45	0.23	-0.19	-0.06	-0.2	-0.02	0.13	0.02	0.16	-0.05	-0.02	0.06		0.05	-0.16	0.3	0.11	0.25	0.08	0.1	0.26	0.06	-0.03	-0.29	0.06	-0.09	-0.17	0.2	0.08	0.08	-0.04	-0.06	-0.17	-0.14	-0.2	-0.81	-0.31	-0.18	-0.12	0.148	0.19	0.003	0.03	0.01	-0.03	-0.03	0.06	0.04	0.04	0.044	0.02	-0.01	-0.01	-0.19	-0.12	0.04
diluted	0.11	0.02	-0.2	0.22	0.12	-0.1	0.006	0.03	0.04	0.003	-0.45	0.23	-0.19	-0.06	-0.2	-0.02	0.13	0.02	0.16	-0.05	-0.02	0.06		0.05	-0.16	0.3	0.11	0.25	0.08	0.1	0.25	0.06	-0.03	-0.29	0.06	-0.09	-0.17	0.2	0.08	0.08	-0.04	-0.06	-0.17	-0.14	-0.2	-0.81	-0.31	-0.18	-0.12	0.148	0.19	0.003	0.03	0.01	-0.03	-0.02	0.06	0.04	0.04	0.044	0.02	-0.01	-0.01	-0.19	-0.12	0.04
weighted-average number of shares outstanding
basic	11,823,170	11,797,068			11,683,408	11,484,298	11,429,695	11,390,888	11,372,819	11,345,856	11,279,966	11,283,954	11,270,199	11,257,539	11,250,219	11,249,606	11,244,539	11,254,205	11,499,983	11,343,406	11,580,030		11,734,648	11,724,606	11,664,239	11,599,290	11,656,098		11,502,616	11,197,319	11,190,048	11,159,075	11,099,113	10,912,284	10,987,214	10,877,446	10,697,425	10,391,157	10,427,664	10,308,186	10,281,335	9,728,122	9,914,321	9,654,334	9,213,324	9,063,345	9,092,834	9,056,024	8,956,007		8,344,408		61,359,747	56,655,621	55,883,268	48,543,200	51,263,639	48,366,323	39,544,096			34,447,142		26,601,587	26,525,259		9,504,789
diluted	11,836,930	11,812,098			11,683,408	11,484,298	11,482,754	11,430,493	11,372,819	11,345,856	11,279,966	11,283,954	11,270,199	11,257,539	11,250,219	11,249,606	11,244,539	11,254,205	11,499,983	11,343,406	11,580,030		11,784,414	11,724,606	11,664,239	11,621,990	11,691,342		11,507,730	11,197,319	11,268,842	11,171,543	11,099,113	10,912,284	11,121,620	10,877,446	10,697,425	10,584,835	10,643,479	10,548,922	10,281,335	9,728,122	9,914,321	9,654,334	9,213,324	9,063,345	9,092,834	9,056,024	8,956,007		8,408,426		61,765,073	57,261,550	55,883,268	49,568,190	52,480,900	51,058,140	43,251,519			34,447,142		26,601,587	27,417,262		12,065,735
income (loss) from operations			-1,838,706				-760,158	1,317,903														1,036,556						2,189,778																																4,310,052	2,580,979
weighted average number of shares outstanding
basic			11,767,811	11,576,287																		11,787,233						11,586,507																																34,516,428	35,636,259		31,636,379			26,307,175
diluted			11,767,811	11,576,287																		11,787,233						11,592,193																																37,796,745	36,988,542		31,636,379			28,029,442
gain (loss) on foreign currency exchange transactions							542,545															296,041		61,061						1,326,180.75	2,550,394			-161,471.5	390,897																									47,623.75	-190,082
share of net loss from equity investment															-1,703,899	-76,798		-160,965				-107,850		-164,796				-298,293		-133,644	-263,678																								-100,000					-43,510	-23,984
net income (loss) attributable to netsol								327,549
cost of revenues:
salaries and consultants											4,870,680	6,453,814	6,942,171	6,086,735	6,446,930	6,756,898	5,661,917	5,662,410	5,775,685	5,372,302	5,294,662	4,526,649		4,625,872	4,454,964	4,902,137	4,833,611	4,497,054	5,020,562	5,611,843	5,418,067	5,362,092	5,464,160	6,610,960	6,161,110	5,979,804	5,893,349	6,321,045	5,542,829	4,925,565	4,999,890	5,978,904	4,895,515	4,298,900	4,116,217	5,095,105	4,106,150	3,247,811	3,456,604	3,330,616	3,386,543	2,823,178	2,741,717	2,287,803	2,383,411	2,153,810	2,448,517	2,127,280	1,986,888	1,990,181	2,154,369	2,005,845	2,013,753	2,629,081	2,382,877	2,640,713
travel											438,018.5	724,431	635,298	392,345	282,925	256,730	282,836	214,132	249,402	151,075	159,174	103,752		1,572,923	1,342,635	1,875,725	1,793,964	1,706,182	1,151,997	549,254	425,060	287,901	513,112	824,669	764,867	836,240	711,895	554,885	543,672	754,009	481,453	602,575	760,065	590,353	421,871	614,745	354,554	349,318	396,784	499,083	499,990	360,839	372,578	254,169	285,673	336,685	237,694	238,776	231,612	232,283	222,136	329,008	60,200	280,390	226,964	485,936
depreciation and amortization											487,539	602,829	693,278	654,049	712,903	741,587	728,868	765,735	809,923	759,768	713,749	707,249		734,352	719,665	833,551	874,654	880,048	937,604	1,142,444	1,127,077	1,168,103	1,173,113	1,458,235	1,340,188	1,318,764	1,330,872	1,507,573	1,483,695	1,461,466	1,474,235	2,822,045	1,912,492	1,800,753	1,801,567	3,326,784	1,471,126	1,240,715	1,046,669	1,132,166	1,033,023	1,095,968	830,646	812,510	789,105	958,012	840,050	679,284	630,941	647,416	578,904	573,267	498,504	532,099	532,429	551,325	413,824
other											829,606.75	1,020,286	977,148	1,320,993	1,284,678	1,220,041	1,156,754	1,335,461	1,029,075	1,075,403	911,566	928,153		954,912	944,524	889,841	1,067,506	1,060,772	1,048,324	803,650	880,897	939,986	856,582	1,002,364	686,950	1,065,727	972,338	875,943	860,868	1,022,682	938,797	890,461	792,737	662,046	674,863	1,439,020	728,446	886,799	544,337	639,934	1,259,067	965,087	818,804	421,416	516,409	496,190	412,693	348,859	243,138	279,263	416,931	585,157	882,338	917,051	540,146	751,068
total cost of revenues											6,625,844.25	8,801,360	9,247,895	8,454,122	8,727,436	8,975,256	7,830,375	7,977,738	7,864,085	7,358,548	7,079,151	6,265,803		7,888,059	7,461,788	8,501,254	8,569,735	8,144,056	8,158,487	8,107,191	7,851,101	7,758,082	8,006,967	9,896,228	8,953,115	9,200,535	8,908,454	9,259,446	8,431,064	8,163,722	7,894,375	10,293,985	8,360,809	7,352,052	7,014,518	9,726,080	6,981,965	5,967,863	5,659,769	5,795,785	6,319,221	5,375,678	4,913,716	3,903,969	4,084,660	4,075,807	4,050,946	3,496,745	3,180,629	3,253,606	3,455,939	3,598,418	3,559,085			4,568,546
selling and marketing											1,353,373	1,643,853	2,007,462	1,762,177	1,717,994	2,074,873	1,807,162	1,619,993	1,791,406	1,595,967	1,558,027	1,609,604		1,858,096	1,743,868	2,217,139	1,864,990	2,048,303	1,701,326	2,014,638	1,962,402	1,932,140	1,711,296	2,248,765	2,439,948	2,713,478	2,411,136	2,226,227	1,896,295	2,002,990	1,698,404	1,673,064	1,712,151	1,574,955	1,132,360	1,539,433	1,083,753	908,125	1,071,412	1,056,255	806,569	859,813	835,153	735,132	700,281	968,676	560,879	1,002,877	483,970	550,975	651,485	526,751	493,629	629,145	880,846	969,518	119,348
general and administrative											2,686,257.75	3,509,212	3,510,389	3,725,430	3,842,044	3,841,655	3,733,303	3,973,139	4,083,449	3,860,509	4,065,788	3,427,636		4,568,790	3,918,613	4,674,965	3,833,209	4,002,059	4,406,720	4,391,532	4,048,271	4,026,706	3,787,558	3,865,143	4,329,798	3,933,413	4,552,098	4,105,265	3,957,028	3,536,676	3,366,047	3,193,945	3,997,186	3,911,754	3,675,755	9,470,830	2,070,542	1,546,266	1,423,002	882,354.75	1,044,699
gain on sale of assets											-14,123.5	-84,838	5,048	23,296	-45,488.75	8,770	-80,125		-64,650	-53,012	-52,531				-289	16,285	16,380		52,294				-7,130					23,288	14,848			-18,524.75	6,496			-39,778	-995	-175,237	-13,795	-25,436	15,097	-15,039	-666			-3,325.5	2,284		-14,794				18	-127,558	-14,960
share of net income from equity investment											1,877.5	2,377	5,133				-79,818		-21,331	-80,953	-43,685				-189,224	1,528	-245,389		-299,691			-203,336	-67,562													-175,151	-203,684	-175,840	9,192	14,569	-16,392	-59,446	-140,554			-55,126.5	-78,269	-71,799	-70,438
loss on sale of assets																		-110,600				-21,742										-8,939				-32,339	-2,403			-2,333	-11,873			-69,543	-11,052									-1,633	-1,641			-792		-10,221	-125,419	-89,119				-165,738	-620
services - related party																								57,424	82,933	408,146	366,760	286,001	282,122	1,282,954	1,284,417	1,236,508	1,853,877	2,629,169	1,624,132	1,464,901	1,914,572	3,239,592	2,554,347	2,635,675	2,187,408	2,397,951	1,813,197	1,354,476	1,396,000
maintenance fees																								4,965,877	4,391,447	4,274,739	3,562,412	3,534,693	3,638,327	3,680,138	3,659,998	3,568,448	3,473,725	3,505,675	3,538,996	3,787,696	3,402,821	3,669,355	3,388,526	3,240,472	3,012,238	3,232,833	2,978,587	3,329,587	2,848,641	2,723,595	2,556,017	2,867,195	2,380,409	2,351,178	2,488,774	1,883,857	1,824,585	2,121,282	2,037,206	1,898,641	1,896,318	2,023,509	1,669,919	1,720,084	1,739,799	1,780,336	1,807,716	1,664,492	1,513,293	1,593,734
gain (loss) on sale of assets																								528				-3,504		6,117	40,537			-8,273.75	1,647
license fees - related party																																217,105	44,408				246,957	1,131,494	484,644
maintenance fees - related party																										140,519	142,344	127,030	101,349	108,905	105,325	101,251	102,963	77,685	51,698	51,345	130,631	147,363	28,423	31,755	158,231	158,428	43,948
benefit from bad debts
loss on foreign currency exchange transactions																																				-621,887	-414,896			-134,527
net loss before income taxes																																										-1,205,292.75	-1,213,774	-1,418,247
net income from continuing operations																																										-192,844	-1,321,172	-1,505,930	-2,229,223	-8,278,871	-3,792,310
income from discontinued operations																																															1,480,786
net loss attributable to netsol																																										-1,210,360	-1,636,245	-1,367,166
amount attributable to netsol common shareholders:
loss from continuing operations																																										-1,210,360	-1,636,245	-1,367,166
net income per share
basic	0.11	0.02	-0.2	0.22	0.12	-0.1	0.006	0.03	0.04	0.003	-0.45	0.23	-0.19	-0.06	-0.2	-0.02	0.13	0.02	0.16	-0.05	-0.02	0.06		0.05	-0.16	0.3	0.11	0.25	0.08	0.1	0.26	0.06	-0.03	-0.29	0.06	-0.09	-0.17	0.2	0.08	0.08	-0.04	-0.06	-0.17	-0.14	-0.2	-0.81	-0.31	-0.18	-0.12	0.148	0.19	0.003	0.03	0.01	-0.03	-0.03	0.06	0.04	0.04	0.044	0.02	-0.01	-0.01	-0.19	-0.12	0.04
diluted	0.11	0.02	-0.2	0.22	0.12	-0.1	0.006	0.03	0.04	0.003	-0.45	0.23	-0.19	-0.06	-0.2	-0.02	0.13	0.02	0.16	-0.05	-0.02	0.06		0.05	-0.16	0.3	0.11	0.25	0.08	0.1	0.25	0.06	-0.03	-0.29	0.06	-0.09	-0.17	0.2	0.08	0.08	-0.04	-0.06	-0.17	-0.14	-0.2	-0.81	-0.31	-0.18	-0.12	0.148	0.19	0.003	0.03	0.01	-0.03	-0.02	0.06	0.04	0.04	0.044	0.02	-0.01	-0.01	-0.19	-0.12	0.04
net loss per common share
basic																																										-0.128	-0.17	-0.14
diluted																																										-0.128	-0.17	-0.14
loss from discontinued operations
income from continuing operations																																													-1,838,026	-7,332,220	-2,780,590
net income per common share
repairs and maintenance																																														142,678	256,629	147,464	175,821	140,946	92,405	92,574	109,868	96,723	74,194	99,530	79,068	71,459	57,058	76,911	43,364	69,112	67,611	81,536	102,235	106,665
salaries and wages																																														1,078,457.75	1,414,356	1,458,343	1,441,132	1,355,688	1,375,930	1,133,503	1,099,503	1,152,023	806,564	734,269	956,465	736,898	920,264	811,515	746,095	743,970	714,899	773,757	944,520	979,254	347,237
amortization of financing costs
income tax benefit																																														-34,830.25	-98,920	-29,270
income from discontinued operations net of gain on disposal																																															1,480,786
insurance																																																40,642	39,554	53,040	48,193	38,032	40,103	31,348	35,868	31,581	32,924	31,087	30,992	27,553	40,235	36,030	36,679	43,478	59,073	32,839
net income after tax																																																-1,940,813	-462,948	4,606,949	2,531,219	4,468,302	2,356,549	1,145,870	-1,321,450	-588,905	4,731,856
other comprehensive income:
translation adjustment																																																-420,309	-3,422,716	-866,297.75	-1,302,180	-595,831	-369,782	-1,039,343	-974,199	-986,431	20,361	784,153	-269,014	-202,294	-439,688	-538,141	-315,864			-2,895,310	-83,689
comprehensive income																																																-2,047,217	-4,519,831	312,438	260,655	-459,559.5	1,314,445	-719,776	-2,432,907	-2,079,491	3,338,790	2,719,890	1,297,967	-354,285.25	149,359			-5,211,008	-4,228,774	-1,872,344
comprehensive loss attributable to non-controlling interest																																																-40,980	-1,220,534	-271,228.75	-453,263
comprehensive income attributable to netsol																																																-2,006,237	-3,299,297	583,666.75	713,918	-209,169.5	1,461,112	-282,243	-2,015,547	-1,939,640	3,240,034
bad debt expense																																																	251,673	361,038	-445				192,250	112,068	717	-353	254,632	233,200	-3,236	212,840		1,772,188	648,470
professional services, including non-cash compensation																																																	306,663	362,866	181,808	431,304	138,094	236,911	186,749	350,841	165,010	151,276	139,085	351,047	242,177	210,795	96,106	257,926	312,940	306,886
income taxes																																																	-11,131	-443,399	-10,579	9,076	-32,921	-7,005	-24,534	-95,083	-13,735	-3,168	-8,556	-5,336	-11,064	-32,526	-5,017	-21,594	-50,855	-7,182
other comprehensive loss:
beneficial conversion feature																																																		-20,488	-173,266	-52,664	-52,665	-61,441	-21,583	-52,970	-105,445	-118,163	-177,411	-515,815	-458,758	-595,215					-37,500
amounts attributable to netsol common shareholders
lease abandonment charges																																																									-858,969				-208,764	1,076,347
general and adminstrative																																																				1,465,410	1,056,725	1,072,483	892,972	882,579	831,131	873,569	1,132,519	926,757	1,056,718	1,042,172	1,099,806	862,623	962,711	868,117	277,515
net income attibutable to netsol																																																				1,901,459	1,684,227		-1,458,708	-1,093,060	3,318,429	1,935,737
comprehensive (loss) /income attributable to non controlling interest																																																				-250,390	-146,667
net income /																																																				136,271.5	1,684,227	319,567
total revenues																																																						8,606,052	6,228,708	6,891,807	10,827,448	10,425,247	8,403,071	10,705,060	8,932,956	9,519,808	7,622,073	5,023,021	5,271,009	9,300,967
comprehensive income attributable to non controlling interest																																																						-437,533		5,945	98,756
other expense																																																							-7,718
comprehensive loss attributable to non controlling interest																																																							-417,360
net income before non-controlling interest in subsidiary and income taxes																																																										3,021,698	2,550,045
net income after income tax but before non-controlling interest in subsidiary																																																										3,018,530
net income before non-controlling interest in subsidiary & income taxes																																																												790,238	1,697,312
dividend required for preferred stockholders																																																																-33,140	-33,876	-33,876
net income applicable to common shareholders																																																												-30,687	589,047	-447,878	-263,917	-5,031,650	-3,266,516	1,022,966
gain on foreign currency exchange rates																																																														-3,247	383,825			2,007,882
fmv of options & warrants issued
net income before non-controlling interest in subsidiary																																																														613,565	850,075
comprehensive loss																																																														-986,019	-579,781				-49,331
fair market value of options issued																																																																		-117,300
licence fees																																																																324,845
total cost of sales																																																																4,483,635	3,843,724
income/ (loss) from operations																																																																-4,257,491
gain on sale of subsidiary shares
loss on extinguishment of debt																																																																-1,000,000
exchange gain /(loss) on foreign currency																																																																8,902
net income before minority interest in subsidiary																																																																-5,666,500	-3,149,723	2,693,785	19,290
minority interest in subsidiary - restated in 2008																																																																689,584
translation adjustment -restated in 2008																																																																-179,358
transaction gain on foreign currency																																																																	-195,030
minority interest in subsidiary - restated																																																																	-32,062
translation adjustment - restated																																																																	-962,258
total other expenses																																																																		1,565,347	-15,110
minority interest in subsidiary																																																																		-1,629,761	15,068
net revenues																																																																			2,058,305
professional services, including non-cash
compensation																																																																			114,334
fair market value of warrants issued																																																																			-28,024
gain on forgiveness of debt																																																																			50,274
weighted-average number of shares outstanding:
basic	11,823,170	11,797,068			11,683,408	11,484,298	11,429,695	11,390,888	11,372,819	11,345,856	11,279,966	11,283,954	11,270,199	11,257,539	11,250,219	11,249,606	11,244,539	11,254,205	11,499,983	11,343,406	11,580,030		11,734,648	11,724,606	11,664,239	11,599,290	11,656,098		11,502,616	11,197,319	11,190,048	11,159,075	11,099,113	10,912,284	10,987,214	10,877,446	10,697,425	10,391,157	10,427,664	10,308,186	10,281,335	9,728,122	9,914,321	9,654,334	9,213,324	9,063,345	9,092,834	9,056,024	8,956,007		8,344,408		61,359,747	56,655,621	55,883,268	48,543,200	51,263,639	48,366,323	39,544,096			34,447,142		26,601,587	26,525,259		9,504,789
diluted	11,836,930	11,812,098			11,683,408	11,484,298	11,482,754	11,430,493	11,372,819	11,345,856	11,279,966	11,283,954	11,270,199	11,257,539	11,250,219	11,249,606	11,244,539	11,254,205	11,499,983	11,343,406	11,580,030		11,784,414	11,724,606	11,664,239	11,621,990	11,691,342		11,507,730	11,197,319	11,268,842	11,171,543	11,099,113	10,912,284	11,121,620	10,877,446	10,697,425	10,584,835	10,643,479	10,548,922	10,281,335	9,728,122	9,914,321	9,654,334	9,213,324	9,063,345	9,092,834	9,056,024	8,956,007		8,408,426		61,765,073	57,261,550	55,883,268	49,568,190	52,480,900	51,058,140	43,251,519			34,447,142		26,601,587	27,417,262		12,065,735

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-03-31	2012-09-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2008-12-31

assets
current assets:
cash and cash equivalents	14,744,392	18,132,086	22,690,618	17,357,944	18,774,739	21,270,642	24,525,956	12,338,642	15,659,516	16,551,677	15,533,254	15,259,497	20,946,722	20,922,948	23,963,797	30,573,312	25,587,515	26,999,876	33,705,154	30,599,137	32,003,647	24,885,365	20,166,830	22,083,584	17,621,379	17,366,364	17,014,590	20,320,804	20,435,744	22,088,853	12,711,983	10,004,650	8,554,815	14,172,954	8,450,115	9,505,383	11,156,437	11,557,527	11,881,159	13,986,773	10,075,324	14,168,957	10,887,358	13,486,526	10,382,556	11,462,695	12,383,695	11,581,042	6,755,950	7,706,158	8,019,788	9,118,206	4,723,366	3,123,686	4,172,802	3,374,608	5,856,152	2,154,813	4,075,546	4,275,443	5,211,674	3,956,279		5,416,302
accounts receivable	16,646,299	7,776,096	6,320,988	7,527,572	5,443,498	7,829,823	5,936,063	15,826,210	5,975,716	6,870,956	11,714,422	9,223,484	4,595,675	7,319,856	8,669,202	7,054,468	7,190,759	6,043,444	4,184,096	12,176,722	5,213,604	6,732,575	10,131,752	8,401,835	8,079,537	12,332,714	15,971,676	7,852,296	7,487,381	12,775,461	22,874,866	19,106,677	7,469,888	6,583,199	10,301,949	5,840,490	7,142,255	9,691,229	6,072,413	6,025,334	7,485,807	6,480,344	7,520,921	7,706,162	11,082,983	5,403,165	12,967,350	16,684,683	18,535,948	17,623,594	18,077,796	14,654,748	12,209,500	13,864,226	15,062,503	18,304,881	15,059,935	15,824,893	12,280,331	13,682,521	11,085,142	12,724,576		12,360,726
revenues in excess of billings, net of allowance of 256,812 and 34,496	18,163,507
other current assets	2,767,578	3,423,634	3,586,732	3,203,468	3,465,893	3,191,378	3,328,112	2,398,403	2,142,487	2,244,490	1,978,514	2,599,532											3,108,180	3,392,190	3,351,698	3,146,264	3,593,057	4,092,921	3,438,861	2,703,032	3,104,916	2,819,183	2,940,599	2,463,886	3,040,774	2,904,650	3,192,425	2,214,628	2,756,621	2,671,613	2,279,083	2,012,190	2,515,154	2,564,116	2,405,266	2,857,879	3,017,570	2,210,215	2,841,126	2,763,495	2,357,261	2,631,360	2,144,031	2,081,864	2,053,904	2,202,641	1,762,098	2,174,872	1,821,661	2,496,949	1,974,048	2,042,661		2,252,715
total current assets	52,321,776	46,412,511	46,592,989	46,319,603	42,411,540	42,953,392	46,533,702	46,223,061	40,077,006	38,675,408	41,603,867	40,824,397	43,076,510	44,070,743	49,428,136	55,103,247	54,089,697	52,145,259	55,578,774	55,561,592	52,903,246	52,665,475	51,895,711	55,245,470	52,756,930	54,591,816	56,284,483	52,261,788	50,688,585	57,350,896	58,294,081	51,464,501	44,461,204	44,272,075	47,196,113	40,669,421	40,916,597	40,451,826	36,127,992	33,584,811	30,900,154	31,510,665	28,537,325	29,068,597	28,738,213	26,862,560	35,383,723	39,283,103	41,870,013	41,810,476	40,697,263	35,804,892	31,333,801	28,808,066	34,590,439	40,789,748	39,379,185	36,410,614	33,354,816	33,952,656	31,074,801	30,086,334		33,512,198
revenues in excess of billings, net - long term	2,824,298	763,396	881,053	903,766	697,486	777,428	866,388	752,582	734,397	724,875			604,358	714,458	853,601	993,862	985,772	969,456	957,603	946,184	356,059		1,300,289	1,291,025	1,246,660	1,281,492				1,206,669	1,752,554	6,668,854	5,225,260	5,173,538
property and equipment	5,558,409	5,185,764	5,188,592	5,073,372	4,768,844	4,934,498	4,847,869	5,505,609	5,665,699	5,770,794	6,161,186	6,871,036	8,719,657	8,850,651	9,382,624	10,114,458	10,265,385	10,821,869	12,091,812	12,902,342	12,209,500	11,256,306	11,329,631	12,668,689	12,478,841	12,096,855	14,374,262	14,005,541	15,650,128	16,165,491	17,526,227	18,443,494	19,646,592	20,370,703	21,205,976	21,873,277	22,612,752	22,774,435	23,178,350	23,251,920	24,053,908	25,119,634	26,410,815	27,543,489	27,852,410	29,721,128	27,625,986	23,577,098	21,493,298	20,160,872	17,437,469	16,877,321	16,919,342	16,469,748	16,014,461	14,200,127	10,950,969	9,582,056	9,472,917	8,457,622	9,063,503	8,705,379		9,768,890
right of use assets - operating leases	869,191	1,015,011	653,418	809,513	930,847	1,069,948	1,216,835	1,490,669	1,659,622	1,359,106	1,151,575				969,163
other assets	7,189	6,941	6,938	32,331	32,338	32,339	32,341	32,341	32,338	32,326	6,931	425	532	529	25,546	37,583	33,204	59,638	55,127	48,841	47,190	41,175	41,992	24,301	25,329	23,569	23,994	35,470	54,936	70,299	3,279,468	3,543,315	3,400,418	3,211,295	2,549,858	2,054,938	1,604,731	842,553
other intangible assets	1,039,989
goodwill	9,302,524	9,302,524	9,302,524	9,302,524	9,302,524	9,302,524	9,302,524	9,302,524	9,302,524	9,302,524	9,302,524	9,302,524	9,302,524	9,302,524	9,302,524	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,516,568	9,653,330	9,653,330	9,653,330	9,653,330	9,653,330	9,653,330	9,653,330	9,439,285	9,439,285	9,439,285	9,439,285	9,439,285	9,439,285	9,439,285	9,439,285	9,439,285		9,439,285
total assets	71,923,376	62,686,147	62,625,514	62,441,109	58,143,579	59,070,129	62,799,659	63,306,786	57,471,586	55,865,033	58,379,410	59,549,867	64,815,899	66,445,632	72,608,632	82,076,259	81,498,791	80,888,664	86,606,261	88,315,787	85,458,920	83,063,347	88,473,089	91,001,591	88,379,382	87,497,019	91,743,332	88,145,382	90,334,834	99,774,281	103,902,518	104,537,337	98,479,963	99,677,330	98,221,288	92,627,643	94,066,907	93,349,415	89,655,181	87,231,010	86,307,735	88,962,334	89,242,257	92,159,318	92,483,557	94,903,274	103,688,249	102,069,263	102,347,114	101,149,271	96,560,928	91,412,594	85,978,439	81,228,895	85,646,380	87,378,456	81,564,168	76,173,782	72,136,180	69,377,753	66,218,638	64,016,807	62,769,026	65,852,292
liabilities and stockholders’ equity
current liabilities:
accounts payable and accrued expenses	8,132,384	8,059,205	9,191,552	8,010,844	7,097,343	7,332,560	8,414,790	6,707,937	6,713,920	6,802,879	6,552,181	7,098,206	7,423,248	7,029,527	6,813,541	6,317,127	6,394,780	6,369,870	6,696,035	6,156,782	6,327,192	6,005,999	5,680,837	7,927,523	7,377,985	7,476,560	6,881,435	7,468,984	7,153,778	7,873,809	7,765,645	7,560,298	7,123,148	6,880,194	7,404,181	7,373,097	6,389,128	5,962,770	6,354,959	5,907,103	5,030,352	5,952,561	5,310,510	4,971,101	4,653,499	5,234,887	5,250,138	5,411,478	4,498,965	4,558,686	4,242,659	4,624,876	4,935,799	4,069,230	4,730,027	4,567,357	4,752,181	5,567,954	4,890,921	4,642,835	5,244,176	5,177,398		3,465,444
current portion of loans and obligations under finance leases	8,241,584	8,509,841	8,330,243	8,240,061	8,459,991	8,784,232	6,443,937	6,047,511	5,982,466	5,756,553	5,779,510	5,969,044	7,386,750	7,426,972	8,567,145	9,622,669	10,147,993	10,423,215	11,366,171	12,634,914	10,383,572	9,677,277	9,139,561	9,436,332	7,097,025
current portion of operating lease obligations	479,751	542,022	401,655	433,242	475,888	518,075	590,541	635,168	689,770	538,363	505,237	421,223	499,455	531,021	548,678	706,684	770,559	828,879	857,729	956,006	1,169,960	1,165,957	1,111,912	1,182,850	920,115
unearned revenue	10,184,195	2,884,757	3,735,828	3,029,850	2,705,414	3,320,286	6,923,112	9,503,548	4,426,008	5,170,335	7,932,306	4,167,655	4,048,768	3,982,198	4,901,562	6,948,669	3,719,348	3,387,902	4,556,626
total current liabilities	27,037,914	19,995,825	21,659,278	19,713,997	18,738,636	19,955,153	22,372,380	22,894,164	17,812,164	18,268,130	20,769,234	17,656,128	19,358,221	18,969,718	20,830,926	23,595,149	21,032,680	21,009,866	23,476,561	25,564,816	21,722,829	19,713,157	20,116,106	21,770,750	19,908,101	20,448,217	21,322,832	19,890,036	20,589,508	22,507,633	24,794,887	27,864,068	20,884,760	21,117,015	17,168,622	14,637,155	15,305,317	15,230,392	14,393,520	13,309,439	13,663,036	14,834,565	14,085,131	17,051,173	16,325,545	14,613,515	15,055,989	16,046,467	14,445,008	14,322,793	16,934,177	12,349,356	15,091,948	13,216,848	20,014,850	21,537,285	21,685,053	23,819,235	20,227,783	20,691,189	18,583,625	17,584,496		15,836,921
loans and obligations under finance leases; less current maturities	249,799	337,028	218,170	134,608	86,800	86,951	92,638	130,381	99,527	137,847	176,229	215,243	306,945	292,456	476,223	127,899	120,277	396,771	699,841	910,107	1,554,317	1,705,699	1,539,975	417,824	493,403
operating lease obligations; less current maturities	363,430	414,725	224,417	333,374	422,350	512,062	594,631	837,756	1,022,361	795,935	652,194	651,443	789,621	836,891	447,260	570,871	319,613	438,423	564,257	761,653	962,724	1,110,832	1,339,965	1,966,770	1,912,804
total liabilities	27,651,143	20,747,578	22,101,865	20,181,979	19,247,786	20,554,166	23,059,649	23,862,301	18,934,052	19,201,912	21,597,657	18,522,814	20,454,787	20,099,065	21,754,409	24,293,919	21,472,570	21,845,060	24,740,659	27,236,576	24,239,870	22,529,688	22,996,046	24,155,344	22,314,308	21,012,789	22,039,395	20,235,509	20,886,188	22,838,229	25,091,098	28,114,951	21,192,389	21,483,777	17,668,137	15,138,709	15,845,176	15,708,084	14,709,173	13,582,548	13,992,870	15,322,057	14,679,297	18,133,483	17,716,315	16,145,595	16,893,572	17,648,615	15,861,799	15,723,247	18,744,215	18,188,450	20,775,266	17,487,579	20,735,206	22,673,798	23,616,118	25,573,595	26,093,431	26,897,821	25,735,611	25,371,029		23,332,122
stockholders’ equity:
preferred stock, .01 par value...																																					108,823
common stock, .01 par value...	127,862	127,535	127,342	127,008	126,489	125,894	123,842	123,445	123,301	123,120	122,850	122,382	122,231	122,093	121,966	121,916	121,861	121,836	121,816			121,371	121,222	120,006	119,721	119,117	118,791	118,603	117,824	117,085	114,577	113,954	113,331	112,254	111,324	109,931		107,134	105,586	104,184	103,228	103,078	101,452	97,439	94,778	91,509	91,242	90,636	89,909	87,796	79,075
additional paid-in-capital	129,631,529	129,545,854	129,636,251	129,529,901	129,366,638	129,194,697	128,709,890	128,736,328	128,587,384	128,536,132	128,476,048	128,536,955	128,484,714	128,420,519	128,218,247	129,084,786	129,042,021	129,030,982	129,018,826	128,881,744	128,823,181	128,764,618	128,677,754	128,197,589	128,052,079	127,737,999	127,551,606	127,398,738	126,918,319	126,479,147	125,733,973	125,354,035	124,987,029	124,409,998	123,693,569	123,019,215	122,367,231	121,448,946	120,513,094	119,890,798	119,287,407	119,209,807	118,387,488	117,834,686	116,655,643	115,394,097	115,786,958	115,551,344	114,914,808	113,086,441	108,576,679	105,787,566	99,428,924	98,844,487	97,886,492	95,705,495	93,244,355	89,365,991	86,002,648	85,203,134	84,702,035	83,037,807		76,898,220
treasury stock	-3,920,856	-3,920,856	-3,920,856	-3,920,856	-3,920,856	-3,920,856	-3,920,856	-3,920,856	-3,920,856	-3,920,856	-3,920,856	-3,920,856		-3,920,856	-3,920,856	-3,920,856	-3,920,856	-3,920,856	-3,820,750	-3,520,769	-2,848,640	-1,920,645	-1,455,969	-1,455,969	-1,455,969	-1,455,969	-1,205,024	-1,205,024	-1,205,024	-1,205,024	-1,205,024	-1,055,330	-954,973	-454,310	-454,310	-454,310	-415,425	-415,425	-415,425	-415,425	-415,425	-415,425	-415,425	-415,425	-415,425	-415,425	-415,425	-415,425	-415,425	-415,425	-415,425	-415,425	-415,425	-396,008	-396,008	-396,008	-396,008	-396,008	-396,008	-396,008	-396,008	-396,008		-396,008
accumulated deficit	-42,098,647	-43,399,611	-43,646,368	-41,289,080	-43,864,592	-45,288,560	-44,141,518	-44,129,431	-44,456,980	-44,865,296	-44,896,186	-39,821,470		-40,273,167	-39,652,438	-37,484,998	-37,206,528	-38,613,313	-38,801,282	-40,727,320	-40,104,089	-39,861,985	-34,269,817	-36,448,870	-37,034,845	-35,206,898	-38,704,519	-39,972,079	-42,827,708	-37,994,502	-39,172,022	-42,036,467	-42,670,888	-42,301,390	-39,177,897	-40,074,755	-39,089,079	-37,323,360	-39,412,605	-40,262,084	-41,137,149	-40,726,121	-40,018,743	-38,382,498	-37,015,329	-35,177,303	-27,845,083	-26,545,279	-24,918,371	-26,969,456	-30,755,274	-33,585,470	-35,271,598	-35,589,651	-34,130,944	-33,037,884	-36,356,313	-38,292,049	-39,859,030	-41,351,411	-41,940,459	-41,492,581		-35,315,253
other comprehensive loss	-46,563,902	-46,413,009	-46,402,374	-46,613,208	-46,253,619	-46,187,766	-46,049,023	-45,505,920	-45,870,309	-46,411,702	-45,975,156	-47,192,994		-42,281,135	-39,363,085	-36,740,406	-34,935,629	-34,013,886	-31,868,481	-31,118,798	-32,060,151	-33,210,231	-34,085,047	-30,456,632	-32,221,661	-33,125,006	-28,474,832	-28,446,811	-24,649,274	-24,386,071	-22,005,245	-20,276,030	-18,663,149	-18,074,570	-18,797,496	-18,628,395	-17,960,133	-18,730,494	-18,898,747	-18,546,296	-18,130,300	-17,167,100	-15,669,755	-16,208,648	-16,934,777	-14,979,223	-14,915,572	-18,295,623	-17,916,294	-14,742,035	-12,897,998	-10,187,687	-9,964,572	-9,362,762	-8,805,922	-7,959,341	-7,880,946	-8,665,100	-8,396,086	-8,193,790	-7,754,102	-7,215,261		-6,605,491
total netsol stockholders’ equity	37,175,986	35,939,913	35,793,995	37,833,765	35,454,060	33,923,409	34,722,335	35,303,566	34,462,540	33,461,398	33,806,700	37,724,017	40,308,656	42,067,454	45,403,834	51,060,442	53,100,869	52,604,763	54,650,129		53,931,777	53,893,128	58,988,143	59,956,124	57,459,325	58,069,243	59,065,022	57,672,427	58,133,137	62,789,635	63,245,259	61,879,162	62,537,424	63,394,471	65,016,120	63,521,466	64,408,606	64,303,629	60,944,550	59,631,505	58,568,089	59,799,636	61,086,710	60,645,066
non-controlling interest	7,096,247	5,998,656	4,729,654	4,425,365	3,441,733	4,592,554	5,017,675	4,140,919	4,074,994	3,201,723	2,975,053	3,303,036	4,052,456	4,279,113	5,450,389	6,721,898	6,925,352	6,438,841	7,215,473	7,442,774	7,287,273	6,640,531	6,488,900	6,890,123	8,605,749	8,414,987	10,638,915	10,237,446	11,315,509	14,146,417	15,566,161	14,543,224	14,750,150	14,799,082	15,537,031	13,967,468	13,813,125	13,337,702	14,001,458	14,016,957	13,746,776	13,840,641	13,476,250	13,380,769	14,662,840	16,124,512	16,373,045	16,315,483	16,861,176	16,399,191	15,499,144	13,584,123	13,400,105	12,220,383	12,500,484	12,413,959	11,393,236	10,718,808	10,422,557	9,038,556	8,095,729	7,130,098
total stockholders’ equity	44,272,233	41,938,569	40,523,649	42,259,130	38,895,793	38,515,963	39,740,010	39,444,485	38,537,534	36,663,121	36,781,753	41,027,053	44,361,112	46,346,567	50,854,223	57,782,340	60,026,221	59,043,604	61,865,602		61,219,050	60,533,659	65,477,043	66,846,247	66,065,074	66,484,230	69,703,937	67,909,873	69,448,646	76,936,052	78,811,420	76,422,386	77,287,574	78,193,553	80,553,151	77,488,934	78,221,731	77,641,331	74,946,008	73,648,462	72,314,865	73,640,277	74,562,960	74,025,835																			37,361,069
total liabilities and stockholders’ equity	71,923,376	62,686,147	62,625,514	62,441,109	58,143,579	59,070,129	62,799,659	63,306,786	57,471,586		58,379,410	59,549,867	64,815,899	66,445,632	72,608,632	82,076,259	81,498,791	80,888,664	86,606,261		85,458,920	83,063,347	88,473,089	91,001,591	88,379,382	87,497,019	91,743,332	88,145,382	90,334,834	99,774,281	103,902,518	104,537,337	98,479,963	99,677,330	98,221,288	92,627,643	94,066,907	93,349,415	89,655,181	87,231,010	86,307,735	88,962,334	89,242,257	92,159,318
revenues in excess of billings, net of allowance of 84,882 and 34,496		17,080,695
revenues in excess of billings, net of allowance of 31,662 and 34,496			13,994,651
revenues in excess of billings, net of allowance of 34,496 and 116,148				18,230,619
revenues in excess of billings, net of allowance of 1,126,734 and 116,148					14,727,410
revenues in excess of billings, net of allowance of 595,875 and 116,148						10,661,549
intangible assets											127,931	381,878	801,039	1,110,617	1,587,670	2,178,128	2,657,204	3,183,317	3,904,656	4,507,155	4,753,543	5,032,630	5,391,077	6,792,846	7,159,422	7,332,950	9,042,726	9,637,010	11,465,925	12,247,196	13,533,620	14,810,605	16,139,921	17,043,151	17,662,773	18,423,439	19,326,259	19,674,033	20,276,715	20,877,711	21,837,105	22,815,467	24,777,549	26,030,664	26,376,366	28,803,018	30,850,059	29,176,897	28,775,799	28,993,679	28,772,866	29,077,051	28,071,966
revenues in excess of billings, net of allowance of 460,743 and 116,148							12,743,571
as of september 30, 2024 and june 30, 2024)							-3,920,856
revenues in excess of billings, net of allowance of 116,023 and 1,380,141								15,659,806
revenues in excess of billings, net of allowance of 137,406 and 1,380,141									16,299,287
revenues in excess of billings, net of allowance of 116,425 and 1,380,141										13,008,285
total liabilities and stockholders' equity										55,865,033										88,315,787																									92,483,557	94,903,274	103,688,249	102,069,263	102,347,114	101,149,271	96,560,928	91,412,594	85,978,439	81,228,895		87,378,456	81,564,168	76,173,782	72,136,180	69,377,753	66,218,638	64,016,807		65,852,292
revenues in excess of billings, net of allowance of 1,380,141 and 136,976											12,377,677
long term investment											25,396	1,066,878	1,064,501	1,059,368	1,059,368	2,893,700	2,921,667	2,995,104	3,155,852	3,195,980	3,734,907	2,417,291	2,387,692	2,411,807	2,460,870	2,653,769	2,501,299	2,689,005	2,958,692	3,217,162
revenues in excess of billings, net of allowance of 43,334 and 136,976												13,741,884
right of use of assets - operating leases												1,102,729	1,246,778	1,336,742		1,238,713	1,029,294	1,197,453	1,345,869	1,637,125	1,937,907	2,133,902	2,360,129	3,050,885
commitments and contingencies
revenues in excess of billings, net of allowance of 49,614 and 136,976													14,785,593
other current assets, net of allowance of 1,243,633 and 1,243,633													2,748,520	2,480,415	2,223,361	2,864,742	2,581,401	2,937,927
convertible note receivable - related party, net of allowance of 4,250,000 and 4,250,000
revenues in excess of billings, net of allowance of 77,525 and 136,976														13,347,524
revenues in excess of billings, net of allowance of 136,839 and 136,976															14,571,776
accounts receivable - related party, net of allowance of 1,373,099 and 1,373,099
revenues in excess of billings, net of allowance of 84,209 and 136,976																14,610,725
revenues in excess of billings - related party, net of allowance of 8,163 and 8,163
revenues in excess of billings, net of allowance of 82,042 and 136,976																	18,730,022
revenues in excess of billings, net of allowance of 70,919 and 136,976																		16,164,012
accounts receivable - related party, net of allowance of 1,373,099 and 90,594
revenues in excess of billings, net of allowance of 136,976 and 188,914																			14,680,131
revenues in excess of billings - related party, net of allowance of 8,163 and 0
other current assets, net of allowance of 1,243,633 and 0																			3,009,393	2,983,686	2,395,985	2,616,769
convertible note receivable - related party, net of allowance of 4,250,000 and 0
revenues in excess of billings, net of allowance of 94,706 and 188,914																				9,802,047
liabilities and stockholders' equity
unearned revenues																				5,728,790	3,753,781	2,775,600	4,095,472	3,135,721	4,424,652	5,977,736	6,241,741	4,705,302	4,913,731	5,949,581	7,841,096	10,082,346	3,656,591	3,925,702	4,025,642	2,806,804	4,419,692	4,739,214	3,412,019	3,546,819	4,302,524	4,897,327	5,646,287	8,141,083	8,081,082	3,239,852	3,607,582	4,779,494	3,987,150	3,798,612	4,274,011	3,359,913	3,296,324	2,475,387	2,653,460	4,525,017	3,616,186	2,930,308	2,545,314	3,449,817	3,153,926	3,131,669		3,601,261
common stock to be issued																				88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	88,324	721,592	378,487	347,518	342,898	320,338	320,338	88,325	108,875	106,700	125,525	206,625	400,700	450,825	263,825	1,450,825	239,525	251,450	88,325	98,075		101,665
stockholders' equity:
12,157,871 shares issued and 11,306,680 outstanding as of march 31, 2021 and 12,122,149 shares issued and 11,874,646 outstanding as of june 30, 2020																				121,580
total netsol stockholders' equity																				53,636,437																									60,104,402	62,633,167	70,421,632	68,105,165	69,624,139
total stockholders' equity																				61,079,211																									74,767,242	78,757,679	86,794,677	84,420,648	86,485,315	85,426,024	77,816,713	73,224,144	65,203,173	63,741,315		64,704,658	57,948,049	50,600,186	46,042,749	42,479,932	40,483,027	38,645,778		35,970,743
revenues in excess of billings, net of allowance of 153,650 and 188,914																					13,290,010
12,147,458 shares issued and 11,452,959 outstanding as of december 31, 2020 and 12,122,149 shares issued and 11,874,646 outstanding as of june 30, 2020																					121,476
revenues in excess of billings, net of allowance of 91,250 and 188,914																						18,430,766
revenues in excess of billings, net of allowance of 188,914 and 194,684																							17,198,281
revenues in excess of billings - related party																							8,163	101,669	48,145	110,827	61,822	62,323	70,250		153,135	107,562	80,057	80,705	94,685	469,030	682,049	804,168					188,426
convertible note receivable - related party																							4,250,000	4,185,000	4,085,000	3,650,000	3,250,000	3,156,500	2,881,500	2,123,500	750,000	750,000	700,000	200,000
revenues in excess of billings, net of allowance of 205,006 and 194,684																								15,850,011
revenues in excess of billings, net of allowance of 220,820 and 194,684																									16,345,384
right-of-use assets - operating leases																									2,734,762
revenues in excess of billings, net of allowance of 194,684 and 0																										14,719,047
current portion of loans and obligations under capitalized leases																										6,905,597	8,111,332	7,627,426	8,433,675	8,595,919	9,099,822	10,133,100	10,016,697	10,222,795	5,650,475	4,368,930	4,408,173	4,440,084	4,538,218	3,767,193	4,241,836	3,896,353	2,989,520	3,217,397	3,212,477	5,791,258	5,855,371	5,535,157	3,660,388	3,385,997	3,430,619	1,955,872	4,413,779	4,092,747	7,062,535	6,831,049	6,509,412	6,072,547	7,285,773	7,134,527	6,564,633	6,771,389		6,090,445
loans and obligations under capitalized leases; less current maturities																										564,572	716,563	345,473	296,680	330,596	296,211	250,883	307,629	366,762
stock subscription receivable																											-221,000	-221,000	-221,000	-221,000	-221,000	-221,000	-273,926	-297,511	-359,070	-450,220	-602,811	-783,172	-947,353	-1,139,672	-1,139,672	-1,204,603	-1,298,307	-2,280,488	-2,280,488	-2,280,488	-2,280,488	-2,280,488	-2,130,488	-2,020,488	-2,269,488	-2,033,710	-2,031,210	-2,031,210	-2,198,460	-2,075,460	-2,105,960	-2,174,460	-2,007,960	-2,107,960	-2,347,930	-2,549,813		-658,904
accounts receivable, net - related party																											3,012,133	2,944,290	3,039,320	3,374,272	3,412,346	2,582,403	2,611,562	1,644,942	4,414,635	4,303,380	5,384,573	5,691,178	6,467,551	5,749,523	4,409,186	3,491,899	2,498,160	2,123,567	2,603,418
revenues in excess of billings																											13,381,205	13,832,654	13,335,529	14,285,778	15,286,835	16,094,026	22,104,283	19,126,389	20,893,955	17,646,488	13,358,858	10,493,096	8,860,248	5,061,568	6,560,754	5,267,275	4,837,306	3,098,226	2,173,990	2,377,367	4,519,754	6,271,254	11,435,167	11,650,654	10,529,745	9,310,578	9,553,286	7,038,291	7,601,230	11,207,618	11,001,000	10,556,037	9,477,278	8,497,742	7,803,936	6,362,818		8,381,596
restricted cash																																90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	2,528,844	2,495,354	2,535,909	2,301,822	2,066,575	1,712,673	90,000	2,703,618	2,700,000	5,700,000	5,700,000	5,700,000	5,700,000	5,700,000	5,000,000	5,000,000	5,000,000		5,000,000
long term loans and obligations under capitalized leases; less current maturities																																			499,515	501,554	539,859	477,692	315,653	273,109	329,834	487,492	594,166	1,082,310	1,390,770	1,532,080	1,837,583	1,602,148	1,416,791
investment																																							555,556
unearned revenues - related party																																											50,490
accounts receivable, net-related party																																														2,232,610
investment under equity method																																															175,151	378,835	554,674	530,914							58,269	130,068	200,506	244,016
other payables - acquisitions																																																	103,226	103,226	103,226	103,226		103,226	103,226	103,226	103,226	103,226	103,226	103,226	103,226	103,226		103,226
loans payable, bank																																																	1,874,941	2,008,435	2,092,926	2,198,769	2,217,295	2,269,632	2,319,378	2,335,191	2,321,047	2,302,291	2,327,476	2,363,507	2,386,549	2,398,369		2,521,480
total intangibles																																																		38,647,009	38,426,196	38,730,381		35,951,080	35,041,480	32,388,582	31,175,745	30,051,043	29,107,941	26,723,459	26,080,334	25,225,094		22,054,798
convertible notes payable, current portion																																																		379,512	2,681,861									2,983,366	1,131,115
obligations under capitalized leases, less current maturities																																																		240,268	303,581	196,137	245,139	257,711	285,472	552,715	483,221	167,312	204,620	368,709	878,586	973,828		1,115,474
convertible notes payable less current maturities																																																				3,692,792		3,587,464					4,066,109
long term loans; less current maturities																																																		1,160,186	1,506,457	1,950,165	1,798,051	425,556	434,884	583,798	580,262	719,465	727,336	886,316	969,536	1,049,287		530,421
total netsol shareholders' equity																																																		69,026,833	62,317,569	59,640,021	51,803,068	51,520,932	52,410,690	52,290,699
convertible notes payable , current portion																																																							2,745,524	2,692,554	4,087,109	5,360,018	3,017,096
commitments
common stock, .001 par value...																																																				74,747	56,949	56,077	55,532	53,897	49,686		37,104	35,962	35,437	33,461
other payables																																																					103,226
convertible notes, payable less current maturities																																																					3,640,128
intangibles:
product licenses, renewals, enhancements, copyrights, trademarks, and tradenames																																																						26,364,728	25,437,479	22,659,116	21,320,814		19,002,081	16,492,134	15,679,647	14,633,099
customer lists																																																						147,067	164,715	290,180	415,645	541,110	666,575	792,040	961,401	1,152,710		1,726,637
liabilities and equity
due to officers																																																											10,911	13,911
lease abandonment liability; long term																																																									867,583	867,583	867,583	867,583	1,076,347
equity:
total equity																																																							64,911,174
total liabilities and equity																																																							85,646,380
deferred liability																																																								32,066	32,066	32,066	47,066
commitments and contingencies stockholders' equity:
product licenses, renewals, enhancements, copyrights,
trademarks, and tradenames																																																										20,070,648						10,888,876
37,103,396 issued and outstanding as of 2010 & 2009, respectively																																																										43,004
dividend to preferred stockholders payable																																																														2,445		55,065
preferred stock, 5,000,000 shares authorized; nil; 1,920 issued and outstanding as of 2010 and 2009, respectively
stockholders' equity: - sum																																																											35,620,193
convertible notes payable; less current maturities																																																												4,084,024
preferred stock, 5,000,000 shares authorized; nil; 1,920 issued and outstanding
total																																																												33,441,376
other assets, long-term
convertible notes payable, less current maturities																																																													4,227,517
convertible notes payable																																																														5,763,418		5,849,306
consolidated statements of income data:
revenues																																																															26,448,177
income from operations																																																															-6,483,169
net income																																																															-8,181,448
net income per share
basic																																																															-3.04
diluted																																																															-2.99
consolidated balance sheet data:
cash, cash equivalents, and marketable securities																																																															4,403,762
total long-term liabilities																																																															8,014,241
certificates of deposit																																																																100,859
other assets, non current																																																																516,406
minority interest																																																																6,549,427
preferred stock, 5,000,000 shares authorized;
1,920 issued and outstanding																																																																1,920,000
26,513,987 issued and 26,285,491 outstanding as of december 31, 2008
25,545,482 issued and 25,525,886 outstanding as of june 30, 2008																																																																26,514

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2024-12-31	2024-09-30	2023-12-31	2023-09-30	2023-06-30	2022-06-30	2021-09-30	2021-06-30	2020-09-30	2019-12-31	2019-06-30	2018-12-31	2018-06-30	2017-06-30	2016-06-30	2015-12-31	2015-06-30	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2012-09-30	2012-06-30	2011-06-30	2010-06-30	2009-12-31	2009-09-30	2009-06-30	2008-12-31	2008-09-30	2004-09-30

cash flows from operating activities:
net income		-2,217,365	3,704,986	-968,497	217,709	1,273,878	291,063	-5,547,070	-1,870,768	550,495	2,192,513	1,123,477	-1,714,323	4,636,026	5,612,119	809,927	-2,881,026	2,361,592	1,538,935			-2,229,223	-8,278,871	-2,255,090	-1,940,813	-462,948	1,261,404	4,468,302	-588,905	1,516,868	-711,795	-263,917	-872,740	-2,175,798	1,056,842
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	624,352	324,606	361,698	738,582	365,997	959,949	530,786	725,069	942,602	980,006	1,060,111	929,039	1,871,883	1,072,898	2,223,663	1,405,215	1,747,286	1,834,725	3,512,489	3,259,099	4,621,096	2,382,340	3,861,554	1,724,234	1,671,662	1,473,286	1,300,152	1,325,845	1,290,069	915,321	2,002,157	1,010,867	1,096,074	2,058,796	1,031,533	481,865
provision for bad debts	90,462	-1,583	-595,550			29,191			16,491	-45,274		-258,160	-20,699						37,043											233,200	212,840
gain on sale of assets	-79,325	-16,613	-41,035	-25,084		-98	-98						-239	-15,300
stock based compensation	206,400	145,400	73,232	95,134	47,779	111,787	60,354	118,892	26,122	3,003	102,820	90,995	328,585	150,331	869,743	579,682
changes in operating assets and liabilities:
accounts receivable	-275,785	1,218,992	-955,211	4,405,610	6,738,384	5,722,791	4,608,881	-5,005,084	-2,265,015	-2,034,434	7,639,407	3,823,299	4,554,558	2,412,578	4,208,751	10,113,339	2,942,756	-3,873,850	111,967	1,497,991	-2,279,774	-5,723,728	4,701,101													-214,527
revenues in excess of billing	1,468,463	4,282,495	-3,795,914	2,688,774	836,403	-4,239,762	-1,478,386	1,273,981	-887,722	-1,952,228	-4,645,937	394,995	-1,088,693	-3,901,977	-7,633,216	884,419	-3,577,827	-1,739,651	535,937	-480,558	-765,672	133,763
other current assets	401,208	-323,491	359,750	-170,856	-222,359	329,171	92,686	490,623	416,021	-35,342	-65,859	-393,253	-208,065	328,781	-1,409,746	600,597	-347,182	109,554	-758,802	392,570	286,838	479,340	71,985													-826,311
accounts payable and accrued expenses	5,092	1,176,241	939,221	-878,148	10,546	72,501	341,722	-611,531	1,106,390	-43,293	543,119	255,239	490,875	492,796	139,331	514,269	413,945	-59,079	142,008	-281,570	59		-382,026													-564,159
unearned revenue	-630,660	714,879	389,775	-5,990,971	-2,813,220	-3,654,724	-2,791,269	4,220,809	-1,890,726	-1,086,151	-1,051,893	-1,383,619	-3,019,493	80,932	-1,094,375	-1,884,308	-22,824	1,375,575	-1,190,072	-860,002	4,857,469
net cash from operating activities	554,881	5,303,561	440,952	369,716	5,517,745	604,684	1,663,619	-555,048	-2,465,329	-3,391,653	5,338,579	4,711,604	3,792,927	5,188,592	3,154,647	13,462,317	2,472,957	528,235	2,031,618		4,024,142	-481,025	3,308,051	2,663,657	9,739,824	2,923,370	2,898,831	2,854,722	6,583,223	4,759,295	4,374,822	692,312		510,333	-2,038,376	-1,062,227
capital expenditures	-856,330	-485,281	-485,027	-568,134	-100,737	-570,584	-371,630	-64,379	-928,349	-216,112	-442,225	-489,289	-785,999	-136,256	-1,441,237	-1,341,717	-887,281	-812,056	-1,177,443		-1,772,866	-1,031,128	-3,652,473	-3,524,067	-3,368,530	-2,691,066	-1,457,134	-1,182,751	-2,842,749	-1,528,445	-1,085,787	-95,160		-1,551,217	-930,058	-213,990
free cash flows	-301,449	4,818,280	-44,075	-198,418	5,417,008	34,100	1,291,989	-619,427	-3,393,678	-3,607,765	4,896,354	4,222,315	3,006,928	5,052,336	1,713,410	12,120,600	1,585,676	-283,821	854,175		2,251,276	-1,512,153	-344,422	-860,410	6,371,294	232,304	1,441,697	1,671,971	3,740,474	3,230,850	3,289,035	597,152		-1,040,884	-2,968,434	-1,276,217
cash flows from investing activities:
purchases of property and equipment	-856,330	-485,281	-485,027	-568,134	-100,737	-570,584	-371,630	-64,379	-928,349	-216,112	-442,225	-489,289	-785,999	-136,256	-1,441,237	-1,341,717	-887,281	-812,056	-1,177,443	-1,059,398	-1,772,866	-1,031,128	-3,652,473	-3,524,067	-3,368,530	-2,691,066	-1,457,134	-1,182,751	-2,842,749	-1,528,445	-1,085,787	-95,160	-592,110	-1,551,217	-930,058	-213,990
sales of property and equipment	77,522	16,687	53,206	45,535		1,248	1,230	86,805	27,807	19,705	56,940	32,673	32,524	165,664	519,645	594,490	631,588	430,153	357,933	892,897	179,904	90,841	27,561	-17,598	-1,609	80,287	60,501	-27,826	295,577	408,701	227,773		51,720	40,900	40,900	86,988
investment in associates	25,396	25,396									0	-60,500
purchase of subsidiary shares			0	-8,878	-7,895
increase in intangible assets																							-227,068	-845,164	-950,893	-1,362,026	-1,091,966	-886,272	-3,344,140	-3,041,735	-3,118,094	-1,612,840	-1,381,132	-3,023,777	-689,544
net cash from investing activities	-753,412	-443,198	-431,821	-531,477	-108,632	-569,336	-370,400	22,426	-900,542	-196,407	-385,285	-517,116	-1,288,475	-938,092	-1,954,592	-2,300,727	-616,808	-381,903	-1,167,133	-166,501	-2,170,184	-940,287	-3,851,980	-2,576,128	-4,338,885	-3,972,805	-2,488,599	-2,096,849	-5,889,564	-4,161,479	-3,976,108	-1,708,000	-1,561,193	-5,742,451	-2,720,757
cash flows from financing activities:
proceeds from the exercise of stock options and warrants			0	430,000										0	65,000	97,000	80,959	408,781	194,680	75,000	116,400		-1	148,936	0	560,500	252,900	13,000	498,875	37,500	33,750		37,360	520,569	520,569
proceeds from exercise of subsidiary options	358,133	64,147											11,621	0	2,650	0	21,005	0		-121			-20,782	65,102	135,429	176,280
dividend paid by subsidiary to non-controlling interest			0	-306,799									-1,920,618	0	-566,465	0	-1,187,616
purchase of subsidiary treasury stock			0
proceeds from bank loans	792,484	242,421	468,893	2,676,932	250,000	135,123		0	629,374		-211,559	697,295	2,074,341	-109,934	382,240	668,314	4,700,473	-879	306,750		57,405	109,211	1,878,156	89,721	757,465	519,040	2,591,135	-181,160	0	220,437	2,727,657	2,617,881	0	3,618,590	1,768,212
payments on finance lease obligations and loans - net	-425,764	-115,350	-526,039	-162,370	-118,311	-162,482	-44,474	-140,519	-224,640	-363,464	-165,453	-143,506	-102,499
net cash from financing activities	724,853	191,218	-43,418	2,637,763	153,189	-27,359	-44,474	-201,643	-545,618	-463,570	-676,993	89,113	62,845	-542,500	-405,602	101,106	3,272,928	-810,075	35,628		574,569	806,721	-446,135	-226,952	-190,439	630,382	171,628	-267,400	230,701	-610,909	554,399	643,057	1,880,379	4,620,878	8,249,133	137,329
effect of exchange rate changes	247,820	281,093	-1,382,508	-332,525	-163,511	118,273	-230,322	1,008,022	-2,698,026	-2,653,648	-1,170,284	434,934	2,149,923	-3,356,226	-2,562,502	-1,885,826	593,762	340,111	-1,082,297	-333,801	-404,696	-465,548	69,064
net increase in cash and cash equivalents	774,142		-1,416,795	2,143,477	5,398,791	126,262	1,018,423		-6,609,515	-6,705,278	3,106,017	4,718,535	4,717,220						-182,184	3,281,599	2,023,831		-921,000	802,653	4,825,092	-1,118,368	420,181	-1,518,599	798,196		807,912	-447,483	1,922,171	-858,936	3,503,451	-666,311
cash and cash equivalents at beginning of the period	17,357,944	17,357,944	0	19,127,165	19,127,165	15,533,254	15,533,254	0	0	33,705,154	0	20,166,830	17,366,364	0	22,088,853	0
cash and cash equivalents at end of period	18,132,086	22,690,618	-1,416,795	21,270,642	24,525,956	15,659,516	16,551,677	273,757	-6,609,515	26,999,876	3,106,017	24,885,365	22,083,584	351,774	20,320,804	9,376,870
net loss	-1,255,326																				-3,735,156
adjustments to reconcile net loss to net cash from operating activities:
net increase (decrease) in cash and cash equivalents		5,332,674
provision (reversal) for bad debts				475,172	336,506
loss on sale of assets									23,333	110,600		21,742							14,206	-9,501	80,595	11,052						15,039	8,160	10,221	89,101			180,698	165,738	620
proceeds from the exercise of stock options					21,500
share of net loss from investment under equity method									1,703,899	160,965		107,850	354,020		597,984
net decrease in cash and cash equivalents								273,757							-1,768,049							-1,080,139
benefit from bad debts							7,880				-51,962												776,266	-11,776	7,633	251,673		0
goodwill impairment
impairment and share of net loss from investment under equity method
purchase of treasury stock									0	-100,106	-299,981	-464,676				0	0											0					0	-360,328	-285,328
share of net (gain) income from investment under equity method
(gain) loss on sale of assets											64,650				-48,790	16,874	-2,948						39,778	995	175,237	13,795	-14,296
share of net income from investment under equity method											21,331			-1,528														59,446
gain on forgiveness of loan
accounts receivable - related party													2,229,695	-516,010	-219,538	-101,783	2,398,511	546,497	-2,383,828	-981,291	40,907	-495,357
revenues in excess of billing - related party													14,823	-25,451	-91,279	162,871	-342,152
convertible note receivable - related party													-535,000	-400,000	-1,033,000	-1,373,500
fair market value of stock options														0
impairment of assets
payments on capital lease obligations and loans - net														-181,621	-289,027	-664,208	-303,008	-214,124	-530,733	-620,031	-2,867,974	-2,591,334	-2,270,018	170,934	-582,903	-198,853
investment in wrld3d																-180,000
purchase of subsidiary shares from open market																0		0
restricted cash																0				0	2,438,844	2,438,844	-33,490	40,555	-234,087	-426,585	-1,571,442	-51,231					0
fair market value of warrants and stock options granted																	214,209	122,875	145,716	155,622	311,244	155,622	0	31,154	33,215	125,568	227,926	149,293	123,256	11,978	651,018	283,500		89,700	207,000	28,024
cash and cash equivalents, beginning of the period																	0	0	14,168,957	0	11,462,695	11,462,695	0	0
cash and cash equivalents, end of period																	5,722,839	-323,632	13,986,773	3,281,599	13,486,526	10,382,556	-921,000	802,653	4,825,092	6,755,950						3,956,279		5,416,302	9,778,690	204,850
stock issued for services																	523,190	569,925	326,019	255,428	606,536	290,162	259,193	177,170	321,390	318,857	29,670	26,370	187,375	229,500	300,329	226,720	119,301	159,867	33,163	25,745
proceeds from sale of common stock																		0	64,931	431,599	1,610,000	850,000						0	1,200,000	100,000	514,539	158,906	566,118	150,000	150,000	220,000
investment in eegeo
purchase of non-controlling interest in subsidiary																													0
investment																		0
adjustments to reconcile net incometo net cash from operating activities:
dividend paid by subsidiary to non controlling interest																				-26,831	-780,106
purchase of non-controlling interest in subsidiaries																			-347,623	0	-577,222		0	1
proceeds from stock subscription receivable
gain on sale of subsidiary
impairment of goodwill
sale of subsidiary																							0
unearned revenue - related party
net cash provided by operating activities
net cash provided by financing activities
share of net income (income) from investment under equity method																							175,151	203,684
accounts payable, accrued expenses and unearned revenue																						4,515,004
stock issued for interest on notes payable																											211,111		36,000
amortization of financing costs
accounts receivable-related party
revenue in excess of billing																							2,256,931
payment to common shareholders for fractional shares
supplemental disclosures:
cash paid during the period for:
interest																							104,763	68,689	90,773	61,466	102,198
taxes																							157,085	31,440			24,253
non-cash investing and financing activities:
stock issued for the payment of vendors																							0	0
stock issued for the conversion of convertible notes payable
stock issued for the conversion of interest payable
(gain) loss on sale of subsidiary
increase in accounts receivable																									1,838,732	-3,928,230	-4,320,159					-693,290	-744,985	-3,563,977	-3,942,317
decrease in revenue in execss of billing																									5,046,993	3,565,290
decrease in other current assets																											1,892,625
increase in accounts payable and accrued expenses																									1,603,414	2,014,051	1,942,654
payment to common shareholders against fractional shares																											-194
effect of exchange rate changes in cash																									-385,408	-699,315	-161,679	-2,009,072	-126,165	-186,803	-145,201	-74,852	212,880	-247,696	13,451	21,973
share of net (income) income from investment under equity method																										-9,192
increase in other current assets																										-438,780						-345,240		1,344,525	-1,960,129
cash and cash equivalents, beginning of period																										7,874,318						4,403,762		6,275,238	6,275,239	871,161
beneficial conversion feature																											367,744	52,665	52,970	515,815	893,214	297,999				37,500
(increase) in other current assets
investment under equity method																												0
acquisition, net of cash acquired																												0
proceeds from convertible notes payable																												0		0	2,000,000	2,000,000	0	5,849,306	6,000,000
payments on convertible notes payable																												0
dividend paid																												0		160	-44,090	-41,740
payments on capital lease obligations & loans - net																											-1,160,684	-107,922	-294,375	-664,524	-2,183,189		-72,100	-259,048	-121,418
cash and cash equivalents, beginning of year																											7,599,607	0	0	0	4,403,762
cash and cash equivalents, end of year																											8,019,788	-1,518,599	798,194	-199,897	5,211,674
stock issued against the payment of vendors
stock issued for the conversion of notes payable																											1,050,000
bank overdraft																											59,913		117,473	169,369	-221,382	86,922	-1,583	130,436	257,502
gain on settlement of finance lease
gain on settlement of lease abandonment provision
decrease (increase) in accounts receivable
decrease in accounts payable and accrued expenses																																-949,731		106,229	-259,967
short-term investments held for sale																													1,749					-105,040	-113,738
payments on bank loans																													40	226,149	-352,887	-215,144	1,183,356	-138,975	-75,732
increase/ decrease in accounts receivable																													1,928,260		237,431
increase/ decrease in other current assets																													4,087,809		-1,632,327
increase/ decrease in accounts payable and accrued expenses																													205,131		147,556
loss on foreign currency exchange transaction
(gain) on settlement of lease abandonment provision
redemption of preferred stock																														0	-1,920,000	-1,920,000
investment in associate
stock issued for notes payable and related interest
addition to property and equipment
disposal of property and equipment
adjustments to reconcile net income
to net cash from operating activities:
non controlling interest in subsidiary																														1,657,004	2,137,892
gain on sale of subsidiary shares in pakistan																																	-659,778
decrease in long-term assets
decrease/ increase in accounts payable and accrued expenses
payments of acquisition payable																																	0	-742,989	-742,989
purchase of subsidary stock in pakistan																																	-31,347		-250,000
proceeds from sale of subsidiary stock
loss on foreign currency exchange rates
share of net loss from associates
(increase)/ decrease in accounts receivable
(increase)/ decrease in other current assets
increase/ (decrease) in accounts payable and accrued expenses
finance costs incurred for sale of common stock
loss on transaction of debt																															19,582
stock issued for accrued interest on convertible notes																															27,825
transaction loss on foreign currency																																16,429
non-controlling interest in subsidiary																																1,108,975
payments on capital lease obligations and loans																																-2,043,769
bad debt expense
minority interest in subsidiary																																		1,661,823	1,629,761	-15,068
net cash provided by/(used in) operating activities
dividend paid to preferred shareholders																																	368
benefit from uncollectible accounts
minority interest in subsidiary - restated in 2008
stock based compensation expense
beneficial feature of convertible notes payable
increase(decrease)in accounts payable and accrued expenses
adjustments to reconcile net income to net cash
provided by operating activities:
provision for uncollectible accounts																																		648,470
purchase of subsidary shares																																		-250,000
increase in restricted cash																																		-5,000,000
(used in) provided by operating activities:
net income from continuing operations																																				34,358
used in operating activities:
gain on settlement of debt																																				-50,274
decrease in assets:
decrease in liabilities:
purchases of certificates of deposit
proceeds from sale of certificates of deposit																																				250,000
increase in intangible assets - development costs																																				-77,990
capital investments in minority interest of subsidiary																																				191,606
proceeeds from sale of minority interest of subsidiary
net cash from provided by investing activities																																				236,614
purchase of treasury shares																																				-51,704
proceeds from loans
payments on capital lease obligations & loans																																				-30,967

NetSol Technologies, Inc(NASDAQ:NTWK)

NetSol Technologies, Inc
(NASDAQ:NTWK)