NETSOL TECHNOLOGIES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $73.1M | $64.5M | $52.4M | $57.2M | $54.9M | $56.4M | $67.8M | $60.9M |
| Cost of Revenue | $33.5M | $32.1M | $35.5M | $33.5M | $28.6M | $29.4M | $32.9M | $31.7M |
| Gross Profit | $32.6M | $29.3M | $16.9M | $23.7M | $26.4M | $27.0M | $34.9M | $29.2M |
| Gross Margin | 44.6% | 45.4% | 32.3% | 41.5% | 48.0% | 47.8% | 51.4% | 47.9% |
| Operating Expenses | ||||||||
| Research & Development | $1.3M | $1.4M | $1.6M | $1.3M | $674.2K | $1.5M | $2.0M | $854.0K |
| SG&A Expense | $27.8M | $24.4M | — | $15.4M | $15.4M | $17.1M | $17.4M | $16.7M |
| Operating Income | $3.5M | $3.5M | $-8.8M | $-1.1M | $2.7M | $1.1M | $6.8M | $3.1M |
| Operating Margin | 4.8% | 5.4% | -16.8% | -1.9% | 5.0% | 1.9% | 10.1% | 5.0% |
| Interest Expense | — | $1.1M | $765.0K | $369.8K | $394.3K | $346.9K | $311.8K | $422.3K |
| Pretax Income | $6.0M | $3.2M | $-3.2M | $2.1M | $3.3M | $2.3M | $13.1M | $8.0M |
| Income Tax Expense | $1.5M | $1.1M | $926.6K | $988.9K | $1.0M | $1.1M | $1.1M | $873.0K |
| Net Income | $2.9M | $683.9K | $-5.2M | $-851.2K | $1.8M | $937.1K | $8.6M | $4.3M |
| Net Margin | 4.0% | 1.1% | -10.0% | -1.5% | 3.2% | 1.7% | 12.7% | 7.1% |
| EPS (Basic) | $0.25 | $0.06 | $-0.46 | $-0.08 | $0.15 | $0.08 | $0.74 | $0.38 |
| EPS (Diluted) | $0.25 | $0.06 | $-0.46 | $-0.08 | $0.15 | $0.08 | $0.74 | $0.38 |
| Shares Outstanding (Basic) | 11.6M | 11.4M | 11.3M | 11.3M | 11.5M | 11.7M | 11.6M | 11.2M |
| Shares Outstanding (Diluted) | 11.6M | 11.4M | 11.3M | 11.3M | 11.5M | 11.8M | 11.6M | 11.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |