Quarterly ResultMay 14, 2026, 02:16 PM
NETSOL Technologies Reports Record Q3 Revenue of $19.8M, up 13%
AI Summary
NETSOL Technologies announced record financial results for the third quarter of fiscal 2026, with total net revenues increasing 13.0% year-over-year to $19.8 million. Recurring subscription and support revenues grew 11.7% to $8.8 million, and Non-GAAP EBITDA surged 48.2% to $3.4 million. The company also reaffirmed its fiscal 2026 full-year revenue guidance of $73 million, driven by strong customer relationships and the Transcend Platform.
Key Highlights
- Total net revenues for Q3 fiscal 2026 reached a record $19.8 million, a 13.0% increase year-over-year.
- Recurring subscription and support revenues grew 11.7% year-over-year to $8.8 million in Q3.
- Non-GAAP EBITDA for Q3 increased 48.2% year-over-year to $3.4 million, with a 17.2% margin.
- Gross margin expanded to 55.6% in Q3, up from 49.8% in the prior-year period.
- License fees for Q3 were $4.7 million, significantly up from $1,198, due to a $50 million contract extension.
- Annualized recurring revenue is forecasted to increase 7% year-over-year to $35 million.
- The company reaffirmed its fiscal 2026 full-year revenue guidance of $73 million.
- Cash and cash equivalents were $14.7 million at March 31, 2026.
Price Impact
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