Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 689

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 2
Chunk 689
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 License
    fees 
    $598,633  
    $5,449,991 
  
    Subscription
    and support 
     32,934,648  
     27,952,768 
  
    Services 
     32,554,948  
     27,990,332 
  
    Total
    net revenues 
     66,088,229  
     61,393,091 

    Cost
    of revenues 
     33,513,697  
     32,108,221 
  
    Gross
    profit 
     32,574,532  
     29,284,870 

    Operating
    expenses: 

    Selling,
    general and administrative 
     27,796,936  
     24,388,714 
  
    Research
    and development cost 
     1,275,878  
     1,402,601 
  
    Total
    operating expenses 
     29,072,814  
     25,791,315 

    Income
    (loss) from operations 
     3,501,718  
     3,493,555 

    Other
    income and (expenses) 

    Interest
    expense 
     (871,355) 
     (1,142,166)
  
    Interest
    income 
     1,871,040  
     1,911,258 
  
    Gain
    (loss) on foreign currency exchange transactions 
     1,301,613  
     (1,187,320)
  
    Other
    income 
     244,241  
     148,120 
  
    Total
    other income (expenses) 
     2,545,539  
     (270,108)

    Net
    income before  income taxes 
     6,047,257  
     3,223,447 
  
    Income
    tax provision 
     (1,476,338) 
     (1,145,518)
  
    Net
    income 
     4,570,919  
     2,077,929 
  
    Non-controlling
    interest 
     (1,647,686) 
     (1,394,056)
  
    Net
    income attributable to NetSol 
    $2