Demonstrações financeiras detalhadas de NetSol Technologies, Inc. (NTWK): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
NetSol Technologies, Inc. registou receitas de $66.1M no último exercício, com um CAGR de 5 anos de 3.2%. O lucro líquido atingiu $2.9M, com CAGR de 5 anos de 25.6%.
Margens dos últimos 12 meses: margem bruta 50.4%, margem operacional 7.9%, margem líquida 2.5%.
Ao preço atual de $4.26, NTWK negocia a um P/L de 28.23 e um ROE de 7.73%. A capitalização de mercado é de $51M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $64.6M | $65.4M | $60.9M | $67.8M | $56.4M | $54.9M | $57.2M | $52.4M | $61.4M | $66.1M |
| Custo da Receita | $33.7M | $37.0M | $31.7M | $33.4M | $29.4M | $28.6M | $33.5M | $35.5M | $32.1M | $33.5M |
| Lucro Bruto | $30.8M | $28.4M | $29.2M | $34.4M | $27.0M | $26.4M | $23.7M | $16.9M | $29.3M | $32.6M |
| P&D | $485783 | $393345 | $853996 | $2.0M | $1.5M | $674168 | $1.3M | $1.6M | $1.4M | $1.3M |
| Despesas Gerais e Administrativas | $22.8M | $26.5M | $23.9M | $24.7M | $23.6M | $22.0M | $22.6M | $24.1M | $24.4M | $27.8M |
| Despesas Operacionais | $24.5M | $29.4M | $26.2M | $27.6M | $25.9M | $23.6M | $24.8M | $25.7M | $25.8M | $29.1M |
| Lucro Operacional | $6.3M | -$1.0M | $3.1M | $6.8M | $1.1M | $2.7M | -$1.1M | -$8.8M | $3.5M | $3.5M |
| EBITDA | $13.5M | $6.1M | $8.6M | $17.8M | $6.4M | $7.6M | $6.3M | $791657 | $6.1M | $8.4M |
| Despesas com Juros | $264511 | $310044 | $422327 | $311798 | $346856 | $394289 | $369801 | $765030 | $1.1M | $871355 |
| Lucro Antes de Impostos | $5.7M | -$804485 | $8.0M | $13.1M | $2.3M | $3.3M | $2.1M | -$3.2M | $3.2M | $6.0M |
| Imposto | $652546 | $931951 | $873027 | $1.1M | $1.1M | $1.0M | $988938 | $926560 | $1.1M | $1.5M |
| Lucro Líquido | $3.4M | -$5.0M | $4.3M | $12.0M | $937081 | $1.8M | -$851156 | -$5.2M | $683873 | $2.9M |
| LPA | $0.33 | $-0.46 | $0.38 | $1.04 | $0.08 | $0.15 | $-0.08 | $-0.46 | $0.06 | $0.25 |
| LPA Diluído | $0.32 | $-0.46 | $0.38 | $1.03 | $0.08 | $0.15 | $-0.08 | $-0.46 | $0.06 | $0.25 |
| Ações em Circulação (Diluídas) | $10.6M | $10.9M | $11.2M | $11.6M | $11.8M | $11.5M | $11.3M | $11.3M | $11.4M | $11.6M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Receita | $18.4M | $15.0M | $18.8M | $19.8M |
| Lucro Bruto | $10.3M | $5.9M | $9.0M | $11.0M |
| Lucro Operacional | $3.2M | -$1.8M | $1.3M | $3.0M |
| EBITDA | $5.0M | -$1.5M | $1.9M | $3.6M |
| Lucro Líquido | $2.6M | -$2.4M | $246757 | $1.3M |
| LPA | $0.22 | $-0.20 | $0.02 | $0.11 |
| LPA Diluído | $0.22 | $-0.20 | $0.02 | $0.11 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $11.6M | $14.2M | $22.1M | $17.4M | $20.2M | $33.7M | $24.0M | $15.5M | $19.1M | $17.4M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $26.7M | $28.0M | $33.1M | $34.8M | $29.9M | $19.0M | $23.2M | $24.1M | $25.7M | $26.2M |
| Estoque | 0 | 0 | 0 | $2.0M | $1.7M | 0 | $1.9M | $1.7M | -$559248 | 0 |
| Ativos Circulantes | $40.5M | $44.3M | $57.4M | $54.6M | $51.9M | $55.6M | $49.4M | $41.6M | $47.5M | $46.3M |
| Imobilizado | $22.8M | $20.4M | $16.2M | $12.1M | $13.7M | $13.4M | $10.4M | $7.3M | $6.4M | $5.9M |
| Ágio | $9.5M | $9.5M | $9.5M | $9.5M | $9.5M | $9.5M | $9.3M | $9.3M | $9.3M | $9.3M |
| Ativos Intangíveis | $19.7M | $17.0M | $12.2M | $7.3M | $5.4M | $3.9M | $1.6M | $127931 | 0 | 0 |
| Ativos Totais | $93.3M | $99.7M | $99.8M | $87.5M | $88.5M | $86.6M | $72.6M | $58.4M | $64.2M | $62.4M |
| Contas a Pagar | $1.3M | $1.5M | $1.7M | $1.2M | $1.4M | $1.1M | $1.2M | $1.1M | $1.4M | $981504 |
| Dívida de Curto Prazo | $4.0M | $10.2M | $8.6M | $6.9M | $10.3M | $11.2M | $8.3M | $5.6M | $6.2M | $8.2M |
| Passivos Circulantes | $15.2M | $21.1M | $22.5M | $20.4M | $20.1M | $23.5M | $20.8M | $20.8M | $23.9M | $19.7M |
| Dívida de Longo Prazo | 0 | 0 | 0 | $67131 | $1.4M | $651227 | $12865 | 0 | 0 | $134608 |
| Passivos Totais | $15.7M | $21.5M | $22.8M | $21.0M | $23.0M | $24.7M | $21.8M | $21.6M | $24.7M | $20.2M |
| Reservas | -$37.3M | -$42.3M | -$38.0M | -$35.2M | -$34.3M | -$38.8M | -$39.7M | -$44.9M | -$44.2M | -$41.3M |
| Patrimônio Líquido | $64.3M | $63.4M | $62.8M | $58.1M | $59.0M | $54.7M | $45.4M | $33.8M | $34.8M | $37.8M |
| Dívida Total | $4.9M | $10.6M | $8.9M | $7.5M | $14.5M | $13.5M | $10.0M | $7.1M | $7.7M | $9.1M |
| Dívida Líquida | -$6.6M | -$3.6M | -$13.2M | -$9.9M | -$5.6M | -$20.2M | -$13.9M | -$8.4M | -$11.5M | -$8.2M |
| Capital de Giro | $25.2M | $23.2M | $34.8M | $34.1M | $31.8M | $32.1M | $28.6M | $20.8M | $23.6M | $26.6M |
Balanço (Trimestral)
| Ano | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Caixa e Equivalentes | $17.4M | $22.7M | $18.1M | $14.7M |
| Ativos Totais | $62.4M | $62.6M | $62.7M | $71.9M |
| Passivos Totais | $20.2M | $22.1M | $20.7M | $27.7M |
| Patrimônio Líquido | $37.8M | $35.8M | $35.9M | $37.2M |
| Dívida Total | $9.1M | $9.2M | $9.8M | $9.3M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $5.1M | -$1.7M | $7.1M | $12.0M | $937081 | $2.3M | $1.1M | -$4.1M | $2.1M | $4.6M |
| Depreciação e Amortização | $7.2M | $6.6M | $5.6M | $4.4M | $3.7M | $4.0M | $3.8M | $3.2M | $1.7M | $1.5M |
| Compensação em Ações | $1.5M | $2.8M | $1.9M | $1.1M | 0 | $342153 | $104347 | $317451 | $308569 | $208116 |
| Variação Capital de Giro | -$12.3M | -$8.6M | $241228 | -$13.9M | -$2.5M | $9.5M | -$4.4M | -$1.2M | -$1.1M | -$6.2M |
| Fluxo de Caixa Operacional | $1.7M | $454365 | $15.7M | $4.9M | $4.0M | $15.7M | $3.1M | $2.0M | $2.9M | $447267 |
| CapEx | -$3.3M | -$2.2M | -$2.4M | -$2.7M | -$1.4M | -$2.6M | -$2.6M | -$1.6M | -$515404 | -$1.4M |
| Aquisições | -$767397 | $781018 | -$33987 | -$567500 | $16754 | -$155500 | -$601294 | $179083 | 0 | 0 |
| Recompra de Ações | 0 | -$38885 | -$750714 | -$250945 | 0 | -$2.4M | -$1.1M | -$61124 | 0 | -$1.5M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$1.7M | -$1.7M | $13.3M | $2.2M | $2.6M | $13.2M | $451417 | $370133 | $2.4M | -$935503 |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Fluxo de Caixa Operacional | $440952 | $5.3M | -$4.7M | -$1.3M |
| CapEx | -$485027 | -$485281 | -$371049 | -$522929 |
| Fluxo de Caixa Livre | -$44075 | $4.8M | -$5.1M | -$1.9M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $73232 | 0 | $206400 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +1.3% | -6.8% | +11.3% | -16.9% | -2.6% | +4.2% | -8.5% | +17.2% | +7.6% |
| Crescimento Lucro Líquido (anual) | | -246.3% | +186.5% | +179.0% | -92.2% | +89.8% | -147.9% | -516.1% | +113.0% | +327.5% |
| Crescimento LPA (anual) | | -239.4% | +182.6% | +173.7% | -92.3% | +87.7% | -150.5% | -507.7% | +113.1% | +316.0% |
| Variação de Ações (anual) | | +3.1% | +2.6% | +3.8% | +1.4% | -2.4% | -2.2% | +0.3% | +1.3% | +1.4% |
| Crescimento FCF (anual) | | -4.3% | +858.5% | -83.4% | +17.6% | +407.6% | -96.6% | -18.0% | +546.8% | -139.1% |
| Margem Bruta | 47.7% | 43.5% | 47.9% | 50.8% | 47.8% | 48.0% | 41.5% | 32.3% | 47.7% | 49.3% |
| Margem Operacional | 9.8% | -1.5% | 5.0% | 10.1% | 1.9% | 5.0% | -1.9% | -16.8% | 5.7% | 5.3% |
| Margem EBITDA | 20.8% | 9.3% | 14.2% | 26.3% | 11.4% | 13.9% | 11.0% | 1.5% | 9.9% | 12.7% |
| Margem Líquida | 5.3% | -7.6% | 7.1% | 17.7% | 1.7% | 3.2% | -1.5% | -10.0% | 1.1% | 4.4% |
| Margem FCF | -2.6% | -2.7% | 21.8% | 3.3% | 4.6% | 24.0% | 0.8% | 0.7% | 3.9% | -1.4% |
| Taxa Efetiva de Imposto | 11.4% | -115.8% | 10.9% | 8.1% | 48.9% | 31.2% | 47.3% | -28.8% | 35.5% | 24.4% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-0.16 | $-0.16 | $1.18 | $0.19 | $0.22 | $1.15 | $0.04 | $0.03 | $0.21 | $-0.08 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $10.4M | $10.8M | $11.2M | $11.6M | $11.7M | $11.5M | $11.3M | $11.3M | $11.4M | $11.6M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | 7.73% |
| Retorno sobre capital investido | 5.15% |
| Retorno sobre ativos | 4.68% |
| Margem bruta | 50.40% |
| Margem operacional | 7.86% |
| Margem líquida | 2.45% |
Saúde financeira
| Dívida / Patrimônio | 0.25 |
| Liquidez corrente | 1.94 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.90 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 17.70 | -8.59 | 14.61 | 5.58 | 33.79 | 31.40 | -42.07 | -5.13 | 44.26 | 12.44 |
| P/VP | 0.94 | 0.67 | 0.99 | 1.16 | 0.54 | 0.99 | 0.79 | 0.79 | 0.87 | 0.95 |
| P/V | 0.94 | 0.65 | 1.02 | 0.99 | 0.56 | 0.99 | 0.63 | 0.51 | 0.49 | 0.54 |
| Margem Bruta | 47.7% | 43.5% | 47.9% | 50.8% | 47.8% | 48.0% | 41.5% | 32.3% | 47.7% | 49.3% |
| Margem Operacional | 9.8% | -1.5% | 5.0% | 10.1% | 1.9% | 5.0% | -1.9% | -16.8% | 5.7% | 5.3% |
| Margem Líquida | 5.3% | -7.6% | 7.1% | 17.7% | 1.7% | 3.2% | -1.5% | -10.0% | 1.1% | 4.4% |