Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 380

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1B
Chunk 380
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 (Unfavorable)

    Ended June 30, 
      
    Constant 
    Currency 
    Change as

    2025 
    % 
    2024 
    % 
    Currency 
    Fluctuation 
    Reported

    Net Revenues: 
    $66,088,229  
     100.0% 
    $61,393,091  
     100.0% 
    $4,184,791  
    $            510,347  
    $4,695,138 

    Cost of revenues: 
     33,513,697  
     50.7% 
     32,108,221  
     52.3% 
     (1,007,408) 
     (398,068) 
     (1,405,476)

    Gross profit 
     32,574,532  
     49.3% 
     29,284,870  
     47.7% 
     3,177,383  
     112,279  
     3,289,662 

    Operating expenses: 
     29,072,814  
     44.0% 
     25,791,315  
     42.0% 
     (3,452,110) 
     170,611  
     (3,281,499)

    Income (loss) from operations 
    $3,501,718  
     5.3% 
    $3,493,555  
     5.7% 
    $(274,727) 
    $282,890  
    $8,163 

Net
revenues for the years ended June 30, 2025 and 2024 by segment are as follows:

    2025 
    2024

    Revenue 
    % 
    Revenue 
    %

    North America 
    $12,003,827  
     18.2% 
    $5,933,797  
     9.7%
  
    Europe 
     14,644,000  
     22.2% 
     11,967,802  
     19.5%
  
    Asia-Pacific 
     39,440,402  
     59.7% 
     43,491,