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Financials

v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 14,744,392 $ 17,357,944
Accounts receivable, net of allowance of $92,025 and $355,464 16,646,299 7,527,572
Revenues in excess of billings, net of allowance of $256,812 and $34,496 18,163,507 18,230,619
Other current assets 2,767,578 3,203,468
Total current assets 52,321,776 46,319,603
Revenues in excess of billings, net - long term 2,824,298 903,766
Property and equipment, net 5,558,409 5,073,372
Right of use assets - operating leases 869,191 809,513
Other assets 7,189 32,331
Other intangible assets, net 1,039,989
Goodwill 9,302,524 9,302,524
Total assets 71,923,376 62,441,109
Current liabilities:    
Accounts payable and accrued expenses 8,132,384 8,010,844
Current portion of loans and obligations under finance leases 8,241,584 8,240,061
Current portion of operating lease obligations 479,751 433,242
Unearned revenue 10,184,195 3,029,850
Total current liabilities 27,037,914 19,713,997
Loans and obligations under finance leases; less current maturities 249,799 134,608
Operating lease obligations; less current maturities 363,430 333,374
Total liabilities 27,651,143 20,181,979
Stockholders’ equity:    
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 18,000,000 shares authorized; 12,785,940 shares issued and 11,846,909 outstanding as of March 31, 2026, 12,700,465 shares issued and 11,761,434 outstanding as of June 30, 2025 127,862 127,008
Additional paid-in-capital 129,631,529 129,529,901
Treasury stock (at cost, 939,031 shares as of March 31, 2026 and June 30, 2025) (3,920,856) (3,920,856)
Accumulated deficit (42,098,647) (41,289,080)
Other comprehensive loss (46,563,902) (46,613,208)
Total NetSol stockholders’ equity 37,175,986 37,833,765
Non-controlling interest 7,096,247 4,425,365
Total stockholders’ equity 44,272,233 42,259,130
Total liabilities and stockholders’ equity $ 71,923,376 $ 62,441,109

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v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Net Revenues:        
Total net revenues $ 19,832,643 $ 17,543,957 $ 53,653,044 $ 47,679,116
Cost of revenues 8,804,001 8,802,184 27,683,320 25,452,890
Gross profit 11,028,642 8,741,773 25,969,724 22,226,226
Operating expenses:        
Selling, general and administrative 7,856,107 6,883,587 22,874,107 20,921,530
Research and development cost 166,384 304,788 628,440 998,406
Total operating expenses 8,022,491 7,188,375 23,502,547 21,919,936
Income from operations 3,006,151 1,553,398 2,467,177 306,290
Other income and (expenses)        
Interest expense (151,537) (194,742) (502,421) (689,347)
Interest income 208,232 294,655 697,981 1,593,594
Gain (loss) on foreign currency exchange transactions (76,178) 321,622 (317,021) 165,741
Other income 109,203 10,831 190,798 202,420
Total other income (expenses) 89,720 432,366 69,337 1,272,408
Net income before income taxes 3,095,871 1,985,764 2,536,514 1,578,698
Income tax provision (781,243) (151,334) (1,477,212) (712,765)
Net income (loss) 2,314,628 1,834,430 1,059,302 865,933
Non-controlling interest (1,013,664) (410,462) (1,868,869) (518,212)
Net income (loss) attributable to NetSol $ 1,300,964 $ 1,423,968 $ (809,567) $ 347,721
Net income (loss) per share:        
Basic $ 0.11 $ 0.12 $ (0.07) $ 0.03
Diluted $ 0.11 $ 0.12 $ (0.07) $ 0.03
Weighted average number of shares outstanding        
Basic 11,823,170 11,683,408 11,795,818 11,531,365
Diluted 11,836,930 11,683,408 11,795,818 11,531,365
License [Member]        
Net Revenues:        
Total net revenues $ 4,728,411 $ 1,198 $ 4,918,118 $ 75,115
Subscription And Support [Member]        
Net Revenues:        
Total net revenues 8,810,115 7,888,360 26,850,453 24,723,460
Service [Member]        
Net Revenues:        
Total net revenues $ 6,294,117 $ 9,654,399 $ 21,884,473 $ 22,880,541

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v3.26.1
Condensed Consolidated Statements of Cash Flows(Unaudited) - USD ($)
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 1,059,302 $ 865,933
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 931,771 1,102,085
Provision for bad debts 337,493 1,062,515
Gain on sale of assets (87,463) (28,320)
Stock based compensation 267,400 134,884
Changes in operating assets and liabilities:    
Accounts receivable (9,180,034) 6,408,397
Revenues in excess of billing (1,611,662) (1,411,983)
Other current assets 936,453 (344,493)
Accounts payable and accrued expenses 123,872 (1,136,533)
Unearned revenue 6,437,518 (6,646,170)
Net cash provided by (used in) operating activities (785,350) 6,315
Cash flows from investing activities:    
Purchases of property and equipment (1,379,262) (897,743)
Sales of property and equipment 85,851 63,577
Investment in associates 25,396
Purchase of subsidiary shares (8,878)
Increase in intangible assets (1,039,989)
Net cash used in investing activities (2,308,004) (843,044)
Cash flows from financing activities:    
Proceeds from the exercise of stock options and warrants 473,000
Proceeds from exercise of subsidiary options 387,200
Dividend paid by subsidiary to non-controlling interest (306,799)
Purchase of subsidiary treasury stock (1,503,662)
Proceeds from bank loans 1,076,226 2,451,256
Payments on finance lease obligations and loans - net (1,093,671) (247,496)
Net cash provided by financing activities 369,755 866,299
Effect of exchange rate changes 110,047 (381,996)
Net increase (decrease) in cash and cash equivalents (2,613,552) (352,426)
Cash and cash equivalents at beginning of the period 17,357,944 19,127,165
Cash and cash equivalents at end of period 14,744,392 18,774,739
Cash paid during the period for:    
Interest 617,486 619,451
Taxes $ 992,446 $ 1,185,546

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