NetSol Technologies, Inc. (NTWK) Stock

NetSol Technologies, Inc. (NTWK) is a Technology stock trading at $4.03 (as of 2026-08-20), with a market capitalization of $47.86M and a trailing P/E of 32.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NetSol Technologies, Inc. develops and markets software products that it exports to the automobile financing and leasing, banking, and other financial services industries. Its offerings include the NFS Ascent suite of finance and leasing applications and Otoz digital auto-retail platforms and related tools.

Understand NetSol Technologies, Inc.: how it makes money

NetSol Technologies develops and exports NFS Ascent software for auto finance, leasing, banking, and financial services customers, and it makes money through related software revenue streams such as license fees and subscription and service revenue.

The profit engine is recurring platform adoption, where wins that add live dealerships, plus the associated subscription and support work, grow Annual Recurring Revenue over time.

Revenue by segment (latest quarter)
Services	$0.0B
License	$0.0B
SaaS	$0.0B

Business quality (Solid): Core operating indicators are provided (ARR and live dealership/platform metrics), but the latest quarter shows revenue as 0.0B while segment candidates include small amounts, so near-term reported revenue should be interpreted cautiously alongside the operating KPIs.

Valuation: Trades at 30× trailing earnings · $0B market cap.

Bull case

Recurring revenue visibility is tracked through Annual Recurring Revenue and an Annualized Recurring Revenue Forecast: This helps investors gauge whether current platform economics are extending forward.
Adoption and rollout progress are measured with live dealership and state coverage metrics: For example, Mini Anywhere dealerships live on the platform and Otoz Live Dealer States indicate the software is actively deployed.
Implementation execution is tracked via delivery progress for specific customer programs: Mercedes-Benz Mobility Implementation shows a Program Delivered Percentage of 85%.

Bear case

Near-term reported revenue appears inconsistent with the quarter totals provided: Revenue is shown as 0.0B for 2026-03-31, while segment candidates include Services Revenues of 0.01B, which can make quarterly trend reading less reliable.
Growth depends on turning sales pipeline into live customer deployments: The Sales Pipeline is tracked, but there is no guarantee that pipeline additions convert into durable recurring revenue.
Operational scale may not immediately translate into higher revenue in the near term: Some platform adoption metrics are counts and coverage measures, which may lag or vary relative to subscription and service revenue timing.

Valuation — source: SEC EDGAR (first-party)
Price	$4.03
Market Cap	$47.86M
P/E Ratio	32.6
EV / EBITDA	6.3
Price / Book	1.08
Price / Sales	0.64
FCF Yield	3.1%
DCF Value (model)	$4.35
DCF Upside vs Price	7.9%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$73.09M
Net Margin	4.0%
Revenue Growth (YoY)	21.4%
EPS Growth (YoY)	-8.3%
FCF Growth (YoY)	142.8%

Financial Health — source: SEC EDGAR
Altman Z-Score	2.35 (grey)
Piotroski F-Score	6/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	32.6
Sector P/E (Technology)	33.9
Industry P/E (Business Services)	30.0
vs Sector	-4.0%
vs Industry	8.7%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD CAPITAL MANAGEMENT LLC ($1.91M)
Institutional Holders Tracked	10

Company
Sector	Technology
Industry	Business Services
CEO	Najeeb Ullah Ghauri
Employees	1,569
Country	US
IPO Date	1998-09-25

Related Companies (Business model: SaaS / Subscription Software (Enterprise); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.