What is NetSol Technologies's net debt?

NetSol Technologies (NTWK) reported net debt of -$13.43M in Q1 2026.

How has NetSol Technologies's net debt changed year-over-year?

NetSol Technologies's net debt increased by 24.3% year-over-year, from -$17.74M to -$13.43M.

What is the long-term trend for NetSol Technologies's net debt?

Over 4 years (2021 to 2025), NetSol Technologies's net debt has grown at a -1.3% compound annual growth rate (CAGR), from -$17.29M to -$16.41M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

NetSol Technologies NTWK Net debt

Discontinued — last reported Q3 '26

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Other financials

Income statement

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Revenue$19.8M+13.0%

Gross profit$11.0M+26.2%

Operating income$3.0M+93.5%

Net income$1.3M-8.6%

EPS (diluted)$0.11-8.3%

Balance sheet

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Cash & equivalents$14.7M-21.5%

Total debt$1.3M+27.1%

Total equity$37.2M+4.9%

Total assets$71.9M+23.7%

Cash flow

See full

Operating cash flow-$1.3M—

CapEx$522.9K+58.7%

Free cash flow-$1.9M-169%

Valuation

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Market cap$54.87M+63.6%

Enterprise value$41.44M+139%

P/E31.1×+19.6×

P/S0.8×+0.3×

Profitability

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Gross margin50.4%+0.9pp

Operating margin7.9%+6.2pp

Net margin2.5%+1.2pp

FCF margin-3.1%-12.2pp

Returns & leverage

See full

Return on equity4.9%+2.5pp

Debt / equity0×0.0×

Current ratio1.9×-0.3×

Where this comes from

Calculated from NetSol Technologies’s reported figures.

$1.3Mtotal debt−$14.7Mcash and equivalents=-$13.43M

The official record: NetSol Technologies’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NetSol Technologies's net debt?: NetSol Technologies (NTWK) reported net debt of -$13.43M in Q1 2026.
How has NetSol Technologies's net debt changed year-over-year?: NetSol Technologies's net debt increased by 24.3% year-over-year, from -$17.74M to -$13.43M.
What is the long-term trend for NetSol Technologies's net debt?: Over 4 years (2021 to 2025), NetSol Technologies's net debt has grown at a -1.3% compound annual growth rate (CAGR), from -$17.29M to -$16.41M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.