NetSol Technologies Inc.

NTWK Technology Software Application

In the quarter to June 2026, revenue grew 12.5%, EPS grew 74.9%, free cash flow grew 134,644.6% and total debt rose 58.2%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

6.21 0.30 −4.61%
Market cap
$77.8M
P/E
19.7×
Fwd P/E
−39.8×
Dividend yield
—
F-score
5/9
Altman Z
2.17
Beneish M
−2.67
Dividend safety
n/a

Insider Decisions trades per month

Total buys 0.06
Total sells 0.09
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 1 — — 1 — — 1 — — — — —
Sell — — — — — — — 1 — — — —
Insider Ownership 25.09%

Capital & Financial Ratios $m

Market Cap 77.81
Revenue 74.37
Net Income 5.60
Free Cash Flow 11.96
Net Debt (26.91)
Current Ratio 2.06 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 19.73
Fwd P/E (39.80) (negative: loss-making)
P/S ratio 0.99
P/B ratio 1.48
Past 5Y EPS Growth 25.83% (at or above 15%: strong)
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth 4.15%
Next 5Y EPS Growth 28.00% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 50.76%
10-year low 10-year high
P/S against its own 10 years 80.76%
10-year low 10-year high
P/B against its own 10 years 99.52%
10-year low 10-year high
EV/Sales against its own 10 years 69.59%
10-year low 10-year high
EV/FCF against its own 10 years 72.23%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 16 19 17 27
Receivables 12 13 8 10
Inventory — — — —
Other 14 15 21 19
42 47 46 57
2023 2024 2025 2026
Payables 7 8 8 9
ST’ Debt — — — —
Other — — — —
21 24 20 28

Compound Annual Growth %

10y 5y 3y
Sales 1.43% 6.25% 12.39%
Cash Flow 23.67% (2.46%) 90.46%
Earnings (1.42%) 10.66% 0.00%
Book Value (4.39%) (4.34%) 10.46%

Revenue $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 15 19 20 21 74
’25 15 16 18 18 66
’24 14 15 15 16 61
’23 13 12 14 14 52
’22 13 15 15 14 57
’21 13 13 14 15 55
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 5 (5) (1) 15 14
’25 6 (5) 0 0 0
’24 2 (1) (4) 7 3
’23 1 0 1 (1) 2
’22 (3) 0 9 (2) 3
’21 5 8 (2) 5 16
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 5 (5) (2) 12 9
’25 5 (6) (1) 0 (1)
’24 1 (1) (4) 7 3
’23 0 0 1 (1) 1
’22 (4) 0 8 (3) 1
’21 4 7 (3) 5 13
Fiscal quarters ending in the months shown.

EPS $

Sep Dec Mar Jun Year
’26 — — — — —
’26 (0.20) 0.02 0.11 0.38 0.47
’25 0.01 (0.10) 0.12 0.22 0.25
’24 0.00 0.04 0.03 (0.01) 0.06
’23 (0.06) (0.19) 0.23 (0.45) (0.46)
’22 0.02 0.13 (0.02) (0.19) (0.08)
’21 0.06 (0.02) (0.05) 0.17 0.15
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 3.09 4.25 3.50 2.00 3.70 2.74 1.72 1.99 2.14 2.88

Analyst estimates 2027–2029

Powerpack
High 5.60 10.53 8.27 4.50 6.12 4.43 3.30 3.34 5.75 6.67
People
People Employees 1,461 1,356 1,360 1,400 1,447 1,781 1,770 1,569 1,460 1,370
Revenue/emp, $m 0.04 0.04 0.05 0.04 0.04 0.03 0.03 0.04 0.05 0.05
Income, $m
Income, $m Revenue 65 61 68 56 55 57 52 61 66 74
Gross margin, % 43.46 47.93 51.44 47.83 47.98 41.46 32.29 47.70 49.29 52.64
EBT (1) 8 13 2 3 2 (3) 3 6 7
EBT margin, % (1.23) 13.17 19.28 4.14 5.99 3.65 (6.14) 5.25 9.15 9.72
Net income (2) 7 12 1 2 1 (4) 2 5 6
Depreciation 7 6 4 4 4 4 3 2 1 1
Per share, $
Per share, $ Revenue 5.99 5.44 5.85 4.80 4.78 5.09 4.64 5.40 5.71 6.30
Earnings (0.46) 0.38 0.74 0.08 0.15 (0.08) (0.46) 0.06 0.25 0.47
Cash flow 0.04 1.40 0.43 0.34 1.37 0.27 0.18 0.26 0.04 1.18
Capex (0.13) (0.13) (0.13) (0.11) (0.21) (0.20) (0.12) (0.03) (0.11) (0.39)
Free cash flow (0.09) 1.27 0.29 0.23 1.16 0.07 0.05 0.23 (0.07) 0.79
Book value 7.17 6.87 5.73 5.58 5.38 4.52 3.26 3.47 3.65 4.20
Shares, m 11 11 12 12 12 11 11 11 12 12
Valuation, ×
Valuation, × P/E 0.00 14.23 7.84 33.75 29.44 0.00 0.00 44.33 12.44 14.68
P/S 0.66 1.02 0.99 0.56 0.99 0.63 0.51 0.49 0.54 0.73
P/B 0.55 0.81 1.01 0.48 0.88 0.71 0.72 0.77 0.85 1.10
EV/Sales 0.45 0.66 0.74 0.23 0.39 0.22 0.22 0.18 0.28 0.37
EV/FCF (4.39) 4.75 (21.75) (4.36) 2.76 (2.53) (2.31) (3.65) (2.88) 4.42
Cash, $m
Cash, $m Operating cash flow 0 16 5 4 16 3 2 3 0 14
Capex (1) (2) (2) (1) (2) (2) (1) 0 (1) (5)
Free cash flow (1) 14 3 3 13 1 1 3 (1) 9
Balance, $m
Balance, $m Working capital 23 35 30 32 32 29 21 24 27 29
Total debt 0 0 1 2 1 0 1 0 0 0
Net debt (14) (22) (17) (19) (33) (23) (15) (19) (17) (27)
Shareholders’ equity 78 77 66 65 62 51 37 40 42 50
Returns, %
Returns, % ROA (5.16) 4.32 9.17 1.07 2.03 (1.07) (8.01) 1.12 4.62 4.21
ROIC (0.97) 3.46 8.59 1.43 5.89 (2.46) (25.06) 10.65 8.74 19.16
ROE (6.39) 5.55 11.97 1.42 2.79 (1.51) (11.97) 1.79 7.15 6.43
Negative figures in brackets.

All 10 years →

Fiscal years to Jun 2026 · latest quarter Jun 2026 · fundamentals updated 9 Oct 2026

Charts ten years each

NetSol Technologies Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RTB RTB Digital, Inc. $106.0M — (loss-making) 9.6× +350.29% (above 0%: growing) n/m −123.92% (below 0%: shrinking) 37.41% (383.63%) Compare
AIB AIB Data Centers Inc. $91.9M — (loss-making) — −38.55% (below 0%: shrinking) n/m −410.39% (below 0%: shrinking) (17.74%) (122.79%) Compare
AEYE Audioeye, Inc. $88.0M — (loss-making) — (loss-making) +8.71% (above 0%: growing) n/m −13.06% (below 0%: shrinking) 78.84% (5.58%) Compare
RDZN Roadzen Inc. $87.7M — (loss-making) — (loss-making) +49.04% (above 0%: growing) n/m −85.81% (below 0%: shrinking) 57.25% (9.53%) Compare
NRDY Nerdy Inc. $86.5M — (loss-making) — (loss-making) −4.49% (below 0%: shrinking) n/m +23.48% (above 0%: growing) 64.73% (14.98%) Compare
NTWK NetSol Technologies Inc. $77.8M 19.7× — (loss-making) +12.54% (above 0%: growing) +74.86% (above 0%: growing) +134,644.57% (above 0%: growing) 63.60% 21.62%
RSSS Research Solutions Inc. $68.2M 22.2× 20.5× −2.87% (below 0%: shrinking) −71.43% (below 0%: shrinking) −21.64% (below 0%: shrinking) 53.00% 6.97% Compare
CTK CooTek (Cayman) Inc. Sponsored ADR $61.2M — (loss-making) 2.7× −45.10% (below 0%: shrinking) n/m −75.38% (below 0%: shrinking) 89.34% 1.13% Compare
SCOR comScore, Inc. $61.2M — (loss-making) 3.0× −11.35% (below 0%: shrinking) n/m −124.79% (below 0%: shrinking) 35.67% (15.12%) Compare
Median of peers $87.1M — 6.3× −3.68% — −80.59% 55.13% (12.25%)

All 237 Software Application stocks →

NetSol Technologies Inc. (NTWK) key facts

  • NetSol Technologies Inc. (NTWK) is a Software Application company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, NTWK traded at $6.21, a market capitalization of $77.8 million.
  • Return on equity was 6.43% and debt-to-equity 0.00.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.17 (grey zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 9, 2026.

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stockrow.com/NTWK · Data as of Oct 9, 2026 · For information only; not investment advice. · © 2026 stockrow.com