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Financials

v3.25.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 17,357,944 $ 19,127,165
Accounts receivable, net of allowance of $355,464 and $398,809 7,527,572 13,049,614
Revenues in excess of billings, net of allowance of $34,496 and $116,148 18,230,619 12,684,518
Other current assets 3,203,468 2,600,786
Total current assets 46,319,603 47,462,083
Revenues in excess of billings, net - long term 903,766 954,029
Property and equipment, net 5,073,372 5,106,842
Right of use assets - operating leases 809,513 1,328,624
Other assets 32,331 32,340
Goodwill 9,302,524 9,302,524
Total assets 62,441,109 64,186,442
Current liabilities:    
Accounts payable and accrued expenses 8,010,844 8,232,342
Current portion of loans and obligations under finance leases 8,240,061 6,276,125
Current portion of operating lease obligations 433,242 608,202
Unearned revenue 3,029,850 8,752,153
Total current liabilities 19,713,997 23,868,822
Loans and obligations under finance leases; less current maturities 134,608 95,771
Operating lease obligations; less current maturities 333,374 688,749
Total liabilities 20,181,979 24,653,342
Stockholders’ equity:    
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 18,000,000 shares authorized; 12,700,465 shares issued and 11,761,434  outstanding as of June 30, 2025 , 12,359,922 shares issued and 11,420,891  outstanding as of June 30, 2024 127,008 123,602
Additional paid-in-capital 129,529,901 128,783,865
Treasury stock (at cost, 939,031 shares as of June 30, 2025 and June 30, 2024) (3,920,856) (3,920,856)
Accumulated deficit (41,289,080) (44,212,313)
Other comprehensive loss (46,613,208) (45,935,616)
Total NetSol stockholders’ equity 37,833,765 34,838,682
Non-controlling interest 4,425,365 4,694,418
Total stockholders’ equity 42,259,130 39,533,100
Total liabilities and stockholders’ equity $ 62,441,109 $ 64,186,442

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v3.25.2
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Net Revenues:    
Total net revenues $ 66,088,229 $ 61,393,091
Cost of revenues 33,513,697 32,108,221
Gross profit 32,574,532 29,284,870
Operating expenses:    
Selling, general and administrative 27,796,936 24,388,714
Research and development cost 1,275,878 1,402,601
Total operating expenses 29,072,814 25,791,315
Income (loss) from operations 3,501,718 3,493,555
Other income and (expenses)    
Interest expense (871,355) (1,142,166)
Interest income 1,871,040 1,911,258
Gain (loss) on foreign currency exchange transactions 1,301,613 (1,187,320)
Other income 244,241 148,120
Total other income (expenses) 2,545,539 (270,108)
Net income before  income taxes 6,047,257 3,223,447
Income tax provision (1,476,338) (1,145,518)
Net income 4,570,919 2,077,929
Non-controlling interest (1,647,686) (1,394,056)
Net income attributable to NetSol $ 2,923,233 $ 683,873
Net income per share:    
Basic $ 0.25 $ 0.06
Diluted $ 0.25 $ 0.06
Weighted average number of shares outstanding    
Basic 11,576,287 11,378,595
Diluted 11,576,287 11,421,940
License [Member]    
Net Revenues:    
Total net revenues $ 598,633 $ 5,449,991
Subscription and Support [Member]    
Net Revenues:    
Total net revenues 32,934,648 27,952,768
Service [Member]    
Net Revenues:    
Total net revenues $ 32,554,948 $ 27,990,332

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v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 4,570,919 $ 2,077,929
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,463,783 1,721,800
Provision for bad debts 466,965 (29,134)
Gain on sale of assets (69,355) (101,864)
Stock based compensation 208,116 308,569
Changes in operating assets and liabilities:    
Accounts receivable 5,453,186 (1,902,382)
Revenues in excess of billing (5,207,897) (1,205,456)
Other current assets 15,257 (216,944)
Accounts payable and accrued expenses (197,312) 1,611,745
Unearned revenue (6,256,395) 645,125
Net cash provided by (used in) operating activities 447,267 2,909,388
Cash flows from investing activities:    
Purchases of property and equipment (1,382,770) (515,404)
Sales of property and equipment 116,783 223,866
Purchase of subsidiary shares (8,878)
Net cash used in investing activities (1,274,865) (291,538)
Cash flows from financing activities:    
Proceeds from the exercise of stock options and warrants 473,000
Proceeds from exercise of subsidiary options 13,728
Dividend paid by subsidiary to non-controlling interest (306,799)
Purchase of subsidiary treasury stock (1,503,662)
Proceeds from bank loans 2,920,149 756,936
Payments on finance lease obligations and loans - net (773,535) (517,385)
Net cash provided by financing activities 822,881 239,551
Effect of exchange rate changes (1,764,504) 736,510
Net increase (decrease) in cash and cash equivalents (1,769,221) 3,593,911
Cash and cash equivalents at beginning of the period 19,127,165 15,533,254
Cash and cash equivalents at end of period 17,357,944 19,127,165
Cash paid during the period for:    
Interest 841,962 1,576,454
Taxes 1,412,245 704,868
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Assets acquired under finance lease 122,045
Shares issued for accrued bonus $ 151,201

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