Quarterly ResultMay 14, 2026, 12:51 PM
NETSOL Q3 Revenue $19.83M; Net Income $1.30M
AI Summary
NETSOL Technologies reported mixed financial results for the third quarter and nine months ended March 31, 2026. While total net revenues saw a healthy increase for both periods, net income attributable to NetSol declined in the third quarter and turned into a loss for the nine-month period. The company's balance sheet showed growth in total assets and a significant increase in unearned revenue, indicating future revenue potential, but also an increase in total liabilities.
Key Highlights
- NETSOL Q3 2026 total net revenues increased 13.05% to $19.83 million.
- NETSOL Q3 2026 net income attributable to NetSol decreased 8.64% to $1.30 million.
- NETSOL Q3 2026 basic EPS was $0.11, down from $0.12 in Q3 2025.
- Nine-month 2026 total net revenues increased 12.54% to $53.65 million.
- Nine-month 2026 net loss attributable to NetSol was $0.81 million.
- Total assets increased 15.19% to $71.92 million as of March 31, 2026.
- Unearned revenue surged 236.1% to $10.18 million as of March 31, 2026.
- Net cash used in operating activities for nine months was $0.79 million.