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Side-by-side financial comparison of Maase Inc. (MAAS) and NETSOL TECHNOLOGIES INC (NTWK). Click either name above to swap in a different company.

NETSOL TECHNOLOGIES INC is the larger business by last-quarter revenue ($18.8M vs $9.9M, roughly 1.9× Maase Inc.). NETSOL TECHNOLOGIES INC produced more free cash flow last quarter ($-5.1M vs $-18.3M).

MAAS vs NTWK — Head-to-Head

Bigger by revenue
NTWK
NTWK
1.9× larger
NTWK
$18.8M
$9.9M
MAAS
More free cash flow
NTWK
NTWK
$13.2M more FCF
NTWK
$-5.1M
$-18.3M
MAAS

Income Statement — Q2 FY2023 vs Q2 FY2026

Metric
MAAS
MAAS
NTWK
NTWK
Revenue
$9.9M
$18.8M
Net Profit
$246.8K
Gross Margin
78.7%
48.0%
Operating Margin
-55.9%
6.9%
Net Margin
1.3%
Revenue YoY
21.1%
Net Profit YoY
121.5%
EPS (diluted)
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MAAS
MAAS
NTWK
NTWK
Q4 25
$18.8M
Q3 25
$15.0M
Q2 25
$18.4M
Q1 25
$17.5M
Q4 24
$15.5M
Q3 24
$14.6M
Q2 24
$16.4M
Q1 24
$15.5M
Net Profit
MAAS
MAAS
NTWK
NTWK
Q4 25
$246.8K
Q3 25
$-2.4M
Q2 25
$2.6M
Q1 25
$1.4M
Q4 24
$-1.1M
Q3 24
$70.8K
Q2 24
$-82.9K
Q1 24
$327.5K
Gross Margin
MAAS
MAAS
NTWK
NTWK
Q4 25
48.0%
Q3 25
39.4%
Q2 25
56.2%
Q1 25
49.8%
Q4 24
44.5%
Q3 24
45.0%
Q2 24
51.5%
Q1 24
48.3%
Operating Margin
MAAS
MAAS
NTWK
NTWK
Q4 25
6.9%
Q3 25
-12.2%
Q2 25
17.4%
Q1 25
8.9%
Q4 24
-3.1%
Q3 24
-5.2%
Q2 24
4.9%
Q1 24
8.5%
Net Margin
MAAS
MAAS
NTWK
NTWK
Q4 25
1.3%
Q3 25
-15.7%
Q2 25
14.0%
Q1 25
8.1%
Q4 24
-7.4%
Q3 24
0.5%
Q2 24
-0.5%
Q1 24
2.1%
EPS (diluted)
MAAS
MAAS
NTWK
NTWK
Q4 25
$0.02
Q3 25
$-0.20
Q2 25
$0.22
Q1 25
$0.12
Q4 24
$-0.10
Q3 24
$0.01
Q2 24
$-0.01
Q1 24
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MAAS
MAAS
NTWK
NTWK
Cash + ST InvestmentsLiquidity on hand
$10.9M
$18.1M
Total DebtLower is stronger
$337.0K
Stockholders' EquityBook value
$31.6M
$35.9M
Total Assets
$47.0M
$62.7M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAAS
MAAS
NTWK
NTWK
Q4 25
$18.1M
Q3 25
$22.7M
Q2 25
$17.4M
Q1 25
$18.8M
Q4 24
$21.3M
Q3 24
$24.5M
Q2 24
$19.1M
Q1 24
$12.3M
Total Debt
MAAS
MAAS
NTWK
NTWK
Q4 25
$337.0K
Q3 25
$218.2K
Q2 25
$134.6K
Q1 25
$86.8K
Q4 24
$87.0K
Q3 24
$92.6K
Q2 24
$95.8K
Q1 24
$130.4K
Stockholders' Equity
MAAS
MAAS
NTWK
NTWK
Q4 25
$35.9M
Q3 25
$35.8M
Q2 25
$37.8M
Q1 25
$35.5M
Q4 24
$33.9M
Q3 24
$34.7M
Q2 24
$34.8M
Q1 24
$35.3M
Total Assets
MAAS
MAAS
NTWK
NTWK
Q4 25
$62.7M
Q3 25
$62.6M
Q2 25
$62.4M
Q1 25
$58.1M
Q4 24
$59.1M
Q3 24
$62.8M
Q2 24
$64.2M
Q1 24
$63.3M
Debt / Equity
MAAS
MAAS
NTWK
NTWK
Q4 25
0.01×
Q3 25
0.01×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MAAS
MAAS
NTWK
NTWK
Operating Cash FlowLast quarter
$-18.2M
$-4.7M
Free Cash FlowOCF − Capex
$-18.3M
$-5.1M
FCF MarginFCF / Revenue
-184.4%
-27.2%
Capex IntensityCapex / Revenue
1.0%
2.0%
Cash ConversionOCF / Net Profit
-19.24×
TTM Free Cash FlowTrailing 4 quarters
$-1.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAAS
MAAS
NTWK
NTWK
Q4 25
$-4.7M
Q3 25
$5.3M
Q2 25
$441.0K
Q1 25
$-363.4K
Q4 24
$-5.1M
Q3 24
$5.5M
Q2 24
$6.5M
Q1 24
$-4.2M
Free Cash Flow
MAAS
MAAS
NTWK
NTWK
Q4 25
$-5.1M
Q3 25
$4.8M
Q2 25
$-44.1K
Q1 25
$-693.0K
Q4 24
$-5.6M
Q3 24
$5.4M
Q2 24
$6.1M
Q1 24
$-4.6M
FCF Margin
MAAS
MAAS
NTWK
NTWK
Q4 25
-27.2%
Q3 25
32.1%
Q2 25
-0.2%
Q1 25
-4.0%
Q4 24
-36.1%
Q3 24
37.1%
Q2 24
37.0%
Q1 24
-29.6%
Capex Intensity
MAAS
MAAS
NTWK
NTWK
Q4 25
2.0%
Q3 25
3.2%
Q2 25
2.6%
Q1 25
1.9%
Q4 24
3.0%
Q3 24
0.7%
Q2 24
2.6%
Q1 24
2.4%
Cash Conversion
MAAS
MAAS
NTWK
NTWK
Q4 25
-19.24×
Q3 25
Q2 25
0.17×
Q1 25
-0.26×
Q4 24
Q3 24
77.94×
Q2 24
Q1 24
-12.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MAAS
MAAS

Wealth management$7.8M78%
Insurance consulting$1.0M10%
Other$975.0K10%
Asset management$168.0K2%

NTWK
NTWK

Core Revenue$18.0M96%
Other$816.8K4%

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