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Financials

v3.25.4
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2025
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 18,132,086 $ 17,357,944
Accounts receivable, net of allowance of $401,507 and $355,464 7,776,096 7,527,572
Revenues in excess of billings, net of allowance of $84,882 and $34,496 17,080,695 18,230,619
Other current assets 3,423,634 3,203,468
Total current assets 46,412,511 46,319,603
Revenues in excess of billings, net - long term 763,396 903,766
Property and equipment, net 5,185,764 5,073,372
Right of use assets - operating leases 1,015,011 809,513
Other assets 6,941 32,331
Goodwill 9,302,524 9,302,524
Total assets 62,686,147 62,441,109
Current liabilities:    
Accounts payable and accrued expenses 8,059,205 8,010,844
Current portion of loans and obligations under finance leases 8,509,841 8,240,061
Current portion of operating lease obligations 542,022 433,242
Unearned revenue 2,884,757 3,029,850
Total current liabilities 19,995,825 19,713,997
Loans and obligations under finance leases; less current maturities 337,028 134,608
Operating lease obligations; less current maturities 414,725 333,374
Total liabilities 20,747,578 20,181,979
Stockholders’ equity:    
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 18,000,000 shares authorized; 12,753,209 shares issued and 11,814,178 outstanding as of December 31, 2025, 12,700,465 shares issued and 11,761,434 outstanding as of June 30, 2025 127,535 127,008
Additional paid-in-capital 129,545,854 129,529,901
Treasury stock (at cost, 939,031 shares as of December 31, 2025 and June 30, 2025) (3,920,856) (3,920,856)
Accumulated deficit (43,399,611) (41,289,080)
Other comprehensive loss (46,413,009) (46,613,208)
Total NetSol stockholders’ equity 35,939,913 37,833,765
Non-controlling interest 5,998,656 4,425,365
Total stockholders’ equity 41,938,569 42,259,130
Total liabilities and stockholders’ equity $ 62,686,147 $ 62,441,109

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v3.25.4
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Net Revenues:        
Total net revenues $ 18,808,478 $ 15,536,661 $ 33,820,401 $ 30,135,159
Cost of revenues 9,779,386 8,616,320 18,879,319 16,650,706
Gross profit 9,029,092 6,920,341 14,941,082 13,484,453
Operating expenses:        
Selling, general and administrative 7,481,647 7,073,622 15,018,000 14,037,943
Research and development cost 247,713 333,669 462,056 693,618
Total operating expenses 7,729,360 7,407,291 15,480,056 14,731,561
Income (loss) from operations 1,299,732 (486,950) (538,974) (1,247,108)
Other income and (expenses)        
Interest expense (176,273) (236,386) (350,884) (494,605)
Interest income 208,775 529,072 489,749 1,298,939
Gain (loss) on foreign currency exchange transactions 46,074 (698,426) (240,843) (155,881)
Other income 63,925 38,098 81,595 191,589
Total other income (expenses) 142,501 (367,642) (20,383) 840,042
Net income (loss) before income taxes 1,442,233 (854,592) (559,357) (407,066)
Income tax provision (480,194) (331,614) (695,969) (561,431)
Net income (loss) 962,039 (1,186,206) (1,255,326) (968,497)
Non-controlling interest (715,282) 39,164 (855,205) (107,750)
Net income (loss) attributable to NetSol $ 246,757 $ (1,147,042) $ (2,110,531) $ (1,076,247)
Net income (loss) per share:        
Basic $ 0.02 $ (0.10) $ (0.18) $ (0.09)
Diluted $ 0.02 $ (0.10) $ (0.18) $ (0.09)
Weighted average number of shares outstanding        
Basic 11,797,068 11,484,298 11,782,439 11,456,996
Diluted 11,812,098 11,484,298 11,782,439 11,456,996
License [Member]        
Net Revenues:        
Total net revenues $ 117,482 $ 72,688 $ 189,707 $ 73,917
Subscription and Support [Member]        
Net Revenues:        
Total net revenues 9,079,783 8,642,629 18,040,338 16,835,100
Service [Member]        
Net Revenues:        
Total net revenues $ 9,611,213 $ 6,821,344 $ 15,590,356 $ 13,226,142

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v3.25.4
Condensed Consolidated Statements of Cash Flows(Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net loss $ (1,255,326) $ (968,497)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 624,352 738,582
Provision for bad debts 90,462 475,172
Gain on sale of assets (79,325) (25,084)
Stock based compensation 206,400 95,134
Changes in operating assets and liabilities:    
Accounts receivable (275,785) 4,405,610
Revenues in excess of billing 1,468,463 2,688,774
Other current assets 401,208 (170,856)
Accounts payable and accrued expenses 5,092 (878,148)
Unearned revenue (630,660) (5,990,971)
Net cash provided by operating activities 554,881 369,716
Cash flows from investing activities:    
Purchases of property and equipment (856,330) (568,134)
Sales of property and equipment 77,522 45,535
Investment in associates 25,396
Purchase of subsidiary shares (8,878)
Net cash used in investing activities (753,412) (531,477)
Cash flows from financing activities:    
Proceeds from the exercise of stock options and warrants 430,000
Proceeds from exercise of subsidiary options 358,133
Dividend paid by subsidiary to non-controlling interest (306,799)
Proceeds from bank loans 792,484 2,676,932
Payments on finance lease obligations and loans - net (425,764) (162,370)
Net cash provided by financing activities 724,853 2,637,763
Effect of exchange rate changes 247,820 (332,525)
Net increase (decrease) in cash and cash equivalents 774,142 2,143,477
Cash and cash equivalents at beginning of the period 17,357,944 19,127,165
Cash and cash equivalents at end of period 18,132,086 21,270,642
Cash paid during the period for:    
Interest 468,889 503,375
Taxes $ 337,985 $ 942,413

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