NETSOL Technologies (NTWK)
Market Price (2/9/2026): $3.05 | Market Cap: $35.9 MilSector: Information Technology | Industry: Application Software
NETSOL Technologies (NTWK)
Market Price (2/9/2026): $3.05Market Cap: $35.9 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -38% | Weak multi-year price returns2Y Excs Rtn is -4.7%, 3Y Excs Rtn is -69% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 153x, P/EPrice/Earnings or Price/(Net Income) is 72x |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -36% | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.3% | |
| Megatrend and thematic driversMegatrends include Cloud Computing, Fintech & Digital Payments, and Automation & Robotics. Themes include Software as a Service (SaaS), Show more. | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8% | |
| Key risksNTWK key risks include [1] significant foreign currency exposure with substantial uninsured cash held in foreign entities, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -38% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -36% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Fintech & Digital Payments, and Automation & Robotics. Themes include Software as a Service (SaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -4.7%, 3Y Excs Rtn is -69% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 153x, P/EPrice/Earnings or Price/(Net Income) is 72x |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.3% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8% |
| Key risksNTWK key risks include [1] significant foreign currency exposure with substantial uninsured cash held in foreign entities, Show more. |
Qualitative Assessment
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NETSOL Technologies (NTWK) stock has lost about 30% since 10/31/2025 because of the following key factors:
1. Weakened Profitability in Fiscal Q1 2026.NETSOL Technologies reported materially weakened profitability in its fiscal first quarter ended September 30, 2025, with gross profit declining to 39.4% of net revenues from 45% in the prior-year period. This decline occurred despite a modest 2.8% increase in total net revenues.
2. Increased Operating Expenses.The company experienced a rise in operating expenses, which grew to $7.8 million, representing 51.6% of sales in fiscal Q1 2026, up from $7.3 million or 50.2% of sales in the same period last year. This increase contributed to the pressure on overall profitability.
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1. Weakened Profitability in Fiscal Q1 2026.NETSOL Technologies reported materially weakened profitability in its fiscal first quarter ended September 30, 2025, with gross profit declining to 39.4% of net revenues from 45% in the prior-year period. This decline occurred despite a modest 2.8% increase in total net revenues.
2. Increased Operating Expenses.The company experienced a rise in operating expenses, which grew to $7.8 million, representing 51.6% of sales in fiscal Q1 2026, up from $7.3 million or 50.2% of sales in the same period last year. This increase contributed to the pressure on overall profitability.
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Stock Movement Drivers
Fundamental Drivers
The -30.8% change in NTWK stock from 10/31/2025 to 2/8/2026 was primarily driven by a -83.2% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 2082026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.39 | 3.04 | -30.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 66 | 67 | 0.6% |
| Net Income Margin (%) | 4.4% | 0.7% | -83.2% |
| P/E Multiple | 17.6 | 72.2 | 310.8% |
| Shares Outstanding (Mil) | 12 | 12 | -0.5% |
| Cumulative Contribution | -30.8% |
Market Drivers
10/31/2025 to 2/8/2026| Return | Correlation | |
|---|---|---|
| NTWK | -30.8% | |
| Market (SPY) | 1.3% | 12.4% |
| Sector (XLK) | -6.1% | 6.4% |
Fundamental Drivers
The -25.3% change in NTWK stock from 7/31/2025 to 2/8/2026 was primarily driven by a -59.8% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2082026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.07 | 3.04 | -25.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 64 | 67 | 3.7% |
| Net Income Margin (%) | 0.4% | 0.7% | 80.3% |
| P/E Multiple | 179.5 | 72.2 | -59.8% |
| Shares Outstanding (Mil) | 12 | 12 | -0.7% |
| Cumulative Contribution | -25.3% |
Market Drivers
7/31/2025 to 2/8/2026| Return | Correlation | |
|---|---|---|
| NTWK | -25.3% | |
| Market (SPY) | 9.6% | 23.4% |
| Sector (XLK) | 7.6% | 15.7% |
Fundamental Drivers
The 13.0% change in NTWK stock from 1/31/2025 to 2/8/2026 was primarily driven by a 70.1% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2082026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.69 | 3.04 | 13.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 62 | 67 | 7.7% |
| Net Income Margin (%) | 1.2% | 0.7% | -36.5% |
| P/E Multiple | 42.5 | 72.2 | 70.1% |
| Shares Outstanding (Mil) | 11 | 12 | -2.9% |
| Cumulative Contribution | 13.0% |
Market Drivers
1/31/2025 to 2/8/2026| Return | Correlation | |
|---|---|---|
| NTWK | 13.0% | |
| Market (SPY) | 15.8% | 21.2% |
| Sector (XLK) | 22.9% | 20.1% |
Fundamental Drivers
The 0.5% change in NTWK stock from 1/31/2023 to 2/8/2026 was primarily driven by a 17.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2082026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.02 | 3.04 | 0.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 57 | 67 | 17.6% |
| P/S Multiple | 0.6 | 0.5 | -10.7% |
| Shares Outstanding (Mil) | 11 | 12 | -4.3% |
| Cumulative Contribution | 0.5% |
Market Drivers
1/31/2023 to 2/8/2026| Return | Correlation | |
|---|---|---|
| NTWK | 0.5% | |
| Market (SPY) | 76.2% | 14.8% |
| Sector (XLK) | 111.8% | 14.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NTWK Return | 4% | -27% | -24% | 19% | 16% | 6% | -15% |
| Peers Return | -8% | -34% | -15% | 89% | -56% | -22% | -66% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 81% |
Monthly Win Rates [3] | |||||||
| NTWK Win Rate | 50% | 33% | 25% | 42% | 58% | 50% | |
| Peers Win Rate | 50% | 25% | 52% | 78% | 38% | 10% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NTWK Max Drawdown | -2% | -27% | -39% | -6% | -17% | -4% | |
| Peers Max Drawdown | -18% | -42% | -36% | -7% | -66% | -28% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADSK, HIT, BMR, KNRX, RPGL. See NTWK Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/6/2026 (YTD)
How Low Can It Go
| Event | NTWK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -69.0% | -25.4% |
| % Gain to Breakeven | 222.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -54.1% | -33.9% |
| % Gain to Breakeven | 117.8% | 51.3% |
| Time to Breakeven | 301 days | 148 days |
| 2018 Correction | ||
| % Loss | -65.9% | -19.8% |
| % Gain to Breakeven | 193.3% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -94.4% | -56.8% |
| % Gain to Breakeven | 1683.3% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to ADSK, HIT, BMR, KNRX, RPGL
In The Past
NETSOL Technologies's stock fell -69.0% during the 2022 Inflation Shock from a high on 11/8/2021. A -69.0% loss requires a 222.3% gain to breakeven.
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About NETSOL Technologies (NTWK)
NetSol Technologies, Inc. designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry. Its NFS Ascent constituent applications include Omni Point of Sale, a web-based application; Contract Management System (CMS), an application for managing and maintaining credit contracts; Wholesale Finance System (WFS), a system for automating and managing the lifecycle of wholesale finance; Dealer Auditor Access System, a web-based solution that could be used in conjunction with WFS or any third-party wholesale finance system; NFS Ascent On The Cloud, a cloud-version of NFS Ascent; and NFS Digital solutions covering Self Point of Sale, Mobile Account, Mobile Point of Sale, Mobile Dealer, Mobile Auditor, Mobile Collector, and Mobile Field Investigator. The company also provides Otoz Digital Auto-Retail, a white-labelled SaaS platform; Otoz Ecosystem, an API-based architecture; and Otoz Platform, a white label platform, which includes Dealer Tool and Customer App portals. In addition, it offers system integration, consulting, and IT products and services. It serves blue chip organizations, Dow-Jones 30 Industrials, Fortune 500 manufacturers and financial institutions, vehicle manufacturers, and enterprise technology providers. The company was incorporated in 1997 and is headquartered in Calabasas, California.
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Here are 1-2 brief analogies for NETSOL Technologies (NTWK):
- Like SAP for auto finance, providing specialized enterprise software for managing vehicle loans and leases.
- Like Fiserv for vehicle financing, offering back-end technology solutions specifically for the automotive lending industry.
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- NFS Ascent®: A comprehensive software suite designed to manage the entire lifecycle of retail and wholesale asset finance and leasing operations.
- NFS Digital: A suite of digital transformation solutions, including customer portals, mobile applications, and AI-driven tools, that integrate with and enhance the core NFS Ascent platform.
- Managed & Cloud Services: Provides hosting, operational management, maintenance, and support for NETSOL's software solutions, often delivered via a cloud infrastructure (Category: IT Service Management, Cloud Hosting).
- Consulting & Implementation Services: Offers expert guidance for the successful deployment, integration, and optimization of their software products, tailored to client-specific business processes (Category: IT Consulting, Software Implementation).
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NETSOL Technologies (NTWK)
NETSOL Technologies primarily operates on a Business-to-Business (B2B) model, providing enterprise software solutions and IT services to companies in the global asset finance and leasing industry.
Due to the proprietary nature of their client relationships and common confidentiality agreements in the enterprise software sector, NETSOL Technologies does not publicly disclose the names of its major customers in its filings or investor materials. However, the company consistently describes the types of organizations it serves:
- Global Automotive Captive Finance Companies: These are the finance arms of major automobile manufacturers (e.g., BMW Financial Services, Mercedes-Benz Financial Services, Toyota Financial Services, etc.) that provide financing for vehicle purchases and leases to consumers and businesses. NETSOL's solutions help them manage their entire lending and leasing portfolios.
- Equipment Leasing and Finance Companies: This category includes independent companies and subsidiaries of larger corporations that specialize in financing and leasing equipment across various industries (e.g., construction, transportation, agriculture, manufacturing).
- Tier 1 and Tier 2 Banks and Financial Institutions: Large commercial banks and other financial service providers that offer asset finance, auto finance, and other lending products to their clients globally.
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- Amazon.com, Inc. (AMZN)
- Microsoft Corporation (MSFT)
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```htmlNajeeb Ghauri, Founder, Chairman & Chief Executive Officer
Najeeb Ghauri is the founder and CEO of NETSOL Technologies Inc., a global leader in asset finance and leasing software. He was appointed CEO in January 1997 and led the company's 1999 NASDAQ IPO, making it the first Pakistani IT firm listed. He has guided the company's growth through global acquisitions, a SaaS transition, and digital retail innovation. Prior to founding NETSOL in 1997, Mr. Ghauri spent 15 years in corporate jobs with Unilever and Atlantic Richfield Co. (ARCO). He holds an MBA from Claremont Graduate University. Mr. Ghauri is active in educational and philanthropic causes, is a founding board member of the Pakistan Human Development Foundation (PHDF), and serves on the U.S.-Pakistan Business Council.
Roger K. Almond, Chief Financial Officer
Roger K. Almond has served as the Chief Financial Officer of NETSOL Technologies, Inc. since 2013. Before joining NETSOL, he was a Senior Manager at Pickard & Green Certified Public Accountants. He also held the position of Assurance Manager at Grant Thornton LLP from 2003 to 2006 and served as the Chief Financial Officer of Keysor Century Corporation from 1999 to 2003.
Naeem Ghauri, Founder and President, Chief Executive Officer Innovation and OTOZ, President Global Sales
Naeem Ghauri is a Co-Founder of NETSOL Technologies and currently serves as the Chief Executive Officer of Innovation and OTOZ, as well as the President of NETSOL's global sales group. He played a crucial role in closing the TiG NETSOL Joint Venture in 2005. Before his tenure at NETSOL, Mr. Ghauri was a project director for Mercedes-Benz Finance Ltd., where he managed over 200 project managers, developers, analysts, and users across nine European countries. He holds a degree in computer science from the University of Brighton, England.
Asad Ghauri, President for Asia/Pacific region & Group Managing Director for Europe, Global Head of Sales & GMD
Asad Ghauri serves as a Board Member and President for the Asia/Pacific region at NETSOL Technologies Inc. since March 2009, and is also the Group Managing Director for Europe and Global Head of Sales & GMD. He previously led operations as President of NetSol Thailand from 2009 to 2011. Mr. Ghauri has also been a Board Member at Virtual Lease Services Ltd since January 2014 and was the Director of Sales and Marketing at NetSol Technologies Europe Ltd from 2007 to 2009. He earned a Bachelor of Science degree in IT-Finance from James Madison University.
Faizaan Ghauri, Chief Strategy Officer
Faizaan Ghauri has been the Chief Strategy Officer of NETSOL Technologies Inc. since 2023.
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NETSOL Technologies (NTWK) faces several key business risks:- Foreign Currency Exchange Risk: NETSOL Technologies has a global presence and transacts business in various foreign currencies, making it highly susceptible to fluctuations in foreign currency exchange rates. These movements can significantly impact the company's net income, as evidenced by a $2.5 million swing in net income due to foreign currency exchange transactions between FY2024 and FY2025. Furthermore, a material concentration of risk exists due to approximately $16.4 million of uninsured cash deposits held in foreign entities as of June 30, 2025.
- Transition to a SaaS Model and its Impact on Near-Term Profitability and Revenue Recognition: The company is undergoing a strategic shift from a license-based revenue model to a predominantly Software as a Service (SaaS) model. While this transition is aimed at improving long-term revenue stability, it has suppressed near-term revenue growth and profitability. This shift can also lead to uneven quarterly results due to the timing of customer implementations and has contributed to a compression of the gross margin from higher delivery costs and changes in the revenue mix.
- Profitability Challenges and Industry Benchmarks: Despite efforts in cost management, NETSOL's gross profit margin of 49.3% in fiscal year 2025 falls considerably short of the industry benchmark for a pure-play SaaS company, which typically aims for 75% or more. The company has experienced periods of net losses and widened losses from operations, reflecting ongoing operational challenges and pressure on profitability. Increased operating expenses, particularly due to investments in expanding the global sales organization, have also negatively impacted profitability.
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NETSOL Technologies (NTWK) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Growth in Subscription and Support Revenues (SaaS-first Model): NETSOL is strategically shifting towards a Software-as-a-Service (SaaS) and cloud-based subscription model, moving away from less predictable one-time license fees. This transition has resulted in significant increases in subscription and support revenues, reflecting a focus on stable, recurring income streams. For instance, in fiscal year 2025, subscription and support revenues increased by 18% to $32.9 million, and in Q2 fiscal 2025, these revenues saw a 27% increase.
- Expansion and Adoption of AI-Powered Transcend Platform and New Products: The company's AI-powered Transcend platform is a central component of its future growth strategy, designed to transform digital retail and asset finance experiences. NETSOL has explicitly stated its aim to leverage investments in AI to drive long-term growth and has launched new AI-native products, such as "Check AI," a credit decisioning engine.
- Securing New Contracts and Strategic Geographic Expansion: NETSOL continues to secure significant multi-million-dollar contracts with major clients, including a five-year, $16 million agreement with a prominent U.S. automaker and an expansion agreement with a major automaker in China, increasing its contract value to over $30 million. The company is also expanding its market presence, particularly in the U.S. and within its established strongholds in the Asia Pacific region, such as China.
- Consistent Growth in Services Revenues: Alongside its recurring subscription revenues, NETSOL has demonstrated consistent growth in its professional services segment. Services revenues increased by 26% in Q2 fiscal 2025 and rose to $32.6 million in fiscal year 2025, up from $28 million in fiscal 2024, reflecting solid project activity and demand for its implementation and support services.
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Share Repurchases
- NETSOL Technologies repurchased 2,690,251 shares for $1,503,662 during the year ended June 30, 2025, which reduced non-controlling interests in certain subsidiaries.
Share Issuance
- As of September 18, 2025, NETSOL Technologies had 12,724,571 shares issued.
Capital Expenditures
- Capital expenditures, reflected in purchases of property and equipment, were $0.94 million for the fiscal year ended June 30, 2024.
- For the fiscal year ended June 30, 2023, capital expenditures were $0.78 million.
- Capital expenditures totaled $0.93 million for the fiscal year ended June 30, 2022.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 1.42 |
| Mkt Cap | 0.1 |
| Rev LTM | 67 |
| Op Inc LTM | 2 |
| FCF LTM | -1 |
| FCF 3Y Avg | 846 |
| CFO LTM | 2 |
| CFO 3Y Avg | 884 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.6% |
| Rev Chg 3Y Avg | 9.0% |
| Rev Chg Q | 18.0% |
| QoQ Delta Rev Chg LTM | 4.3% |
| Op Mgn LTM | 4.5% |
| Op Mgn 3Y Avg | 10.3% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 7.0% |
| CFO/Rev 3Y Avg | 17.2% |
| FCF/Rev LTM | -2.3% |
| FCF/Rev 3Y Avg | 15.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.1 |
| P/S | 1.9 |
| P/EBIT | 29.5 |
| P/E | 46.1 |
| P/CFO | 27.5 |
| Total Yield | 2.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 5.2% |
| D/E | 0.1 |
| Net D/E | -0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -14.8% |
| 3M Rtn | -30.7% |
| 6M Rtn | -47.5% |
| 12M Rtn | -60.8% |
| 3Y Rtn | -61.1% |
| 1M Excs Rtn | -15.4% |
| 3M Excs Rtn | -39.2% |
| 6M Excs Rtn | -55.0% |
| 12M Excs Rtn | -75.3% |
| 3Y Excs Rtn | -129.4% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $3.04 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 09/25/1998 | |
| Distance from 52W High | -41.8% | |
| 50 Days | 200 Days | |
| DMA Price | $3.09 | $3.54 |
| DMA Trend | up | down |
| Distance from DMA | -1.5% | -14.2% |
| 3M | 1YR | |
| Volatility | 78.5% | 61.9% |
| Downside Capture | 36.63 | 51.45 |
| Upside Capture | -128.20 | 57.52 |
| Correlation (SPY) | 15.6% | 22.2% |
NTWK Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.95 | 0.32 | 0.66 | 1.33 | 0.65 | 0.52 |
| Up Beta | -0.40 | 1.11 | 2.78 | 3.09 | 0.58 | 0.44 |
| Down Beta | 2.08 | 2.02 | 2.74 | 2.25 | 1.08 | 0.52 |
| Up Capture | 217% | 32% | -128% | 11% | 41% | 23% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 19 | 25 | 60 | 125 | 355 |
| Down Capture | -151% | -233% | -44% | 47% | 32% | 82% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 7 | 21 | 31 | 59 | 111 | 351 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NTWK | |
|---|---|---|---|---|
| NTWK | 9.6% | 61.6% | 0.39 | - |
| Sector ETF (XLK) | 21.2% | 27.4% | 0.68 | 20.0% |
| Equity (SPY) | 15.4% | 19.4% | 0.61 | 21.2% |
| Gold (GLD) | 73.9% | 24.8% | 2.19 | -11.1% |
| Commodities (DBC) | 8.9% | 16.6% | 0.34 | 0.1% |
| Real Estate (VNQ) | 4.6% | 16.5% | 0.10 | 20.3% |
| Bitcoin (BTCUSD) | -27.1% | 44.7% | -0.57 | 8.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NTWK | |
|---|---|---|---|---|
| NTWK | -6.6% | 54.0% | 0.08 | - |
| Sector ETF (XLK) | 17.3% | 24.7% | 0.63 | 13.5% |
| Equity (SPY) | 14.4% | 17.0% | 0.68 | 14.5% |
| Gold (GLD) | 21.4% | 16.9% | 1.03 | -2.5% |
| Commodities (DBC) | 11.5% | 18.9% | 0.49 | 1.4% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 10.5% |
| Bitcoin (BTCUSD) | 16.1% | 58.0% | 0.49 | 4.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NTWK | |
|---|---|---|---|---|
| NTWK | -8.3% | 52.6% | 0.05 | - |
| Sector ETF (XLK) | 22.6% | 24.2% | 0.85 | 15.8% |
| Equity (SPY) | 15.4% | 17.9% | 0.74 | 17.4% |
| Gold (GLD) | 15.7% | 15.5% | 0.84 | -0.2% |
| Commodities (DBC) | 8.0% | 17.6% | 0.37 | 6.3% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.25 | 12.6% |
| Bitcoin (BTCUSD) | 68.7% | 66.7% | 1.08 | 4.7% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2020 | -1.6% | 5.3% | 32.7% |
| SUMMARY STATS | |||
| # Positive | 0 | 1 | 1 |
| # Negative | 1 | 0 | 0 |
| Median Positive | 5.3% | 32.7% | |
| Median Negative | -1.6% | ||
| Max Positive | 5.3% | 32.7% | |
| Max Negative | -1.6% | ||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 09/29/2025 | 10-K |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-Q |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 09/30/2024 | 10-K |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 02/13/2024 | 10-Q |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 09/22/2023 | 10-K |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 02/14/2023 | 10-Q |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 09/27/2022 | 10-K |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 02/14/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ghauri, Najeeb | CEO | Direct | Buy | 11172025 | 2.90 | 1,714 | 4,971 | 2,682,651 | Form |
| 2 | Ghauri, Najeeb | CEO | Direct | Buy | 11172025 | 2.98 | 5,950 | 17,708 | 2,770,865 | Form |
| 3 | Ghauri, Naeem | President | Direct | Buy | 7152025 | 3.85 | 18,279 | 70,374 | 1,770,434 | Form |
| 4 | Ghauri, Najeeb | CEO | Direct | Buy | 7152025 | 3.69 | 5,025 | 18,543 | 3,407,209 | Form |
| 5 | Ghauri, Najeeb | CEO | Direct | Buy | 7072025 | 3.37 | 5,000 | 16,850 | 3,077,865 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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