vs

Side-by-side financial comparison of NETSOL TECHNOLOGIES INC (NTWK) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

NETSOL TECHNOLOGIES INC is the larger business by last-quarter revenue ($18.8M vs $17.3M, roughly 1.1× Sol-Gel Technologies Ltd.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs 1.3%, a 65.9% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 21.1%).

NetSol Technologies Inc. is an American software company which makes automobile leasing software. It is based in Encino, California.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

NTWK vs SLGL — Head-to-Head

Bigger by revenue
NTWK
NTWK
1.1× larger
NTWK
$18.8M
$17.3M
SLGL
Growing faster (revenue YoY)
SLGL
SLGL
+196.6% gap
SLGL
217.7%
21.1%
NTWK
Higher net margin
SLGL
SLGL
65.9% more per $
SLGL
67.3%
1.3%
NTWK

Income Statement — Q2 FY2026 vs Q2 FY2025

Metric
NTWK
NTWK
SLGL
SLGL
Revenue
$18.8M
$17.3M
Net Profit
$246.8K
$11.6M
Gross Margin
48.0%
Operating Margin
6.9%
65.1%
Net Margin
1.3%
67.3%
Revenue YoY
21.1%
217.7%
Net Profit YoY
121.5%
487.6%
EPS (diluted)
$0.02
$4.17

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
NTWK
NTWK
SLGL
SLGL
Q4 25
$18.8M
Q3 25
$15.0M
Q2 25
$18.4M
$17.3M
Q1 25
$17.5M
Q4 24
$15.5M
Q3 24
$14.6M
Q2 24
$16.4M
$5.4M
Q1 24
$15.5M
Net Profit
NTWK
NTWK
SLGL
SLGL
Q4 25
$246.8K
Q3 25
$-2.4M
Q2 25
$2.6M
$11.6M
Q1 25
$1.4M
Q4 24
$-1.1M
Q3 24
$70.8K
Q2 24
$-82.9K
$2.0M
Q1 24
$327.5K
Gross Margin
NTWK
NTWK
SLGL
SLGL
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
NTWK
NTWK
SLGL
SLGL
Q4 25
6.9%
Q3 25
-12.2%
Q2 25
17.4%
65.1%
Q1 25
8.9%
Q4 24
-3.1%
Q3 24
-5.2%
Q2 24
4.9%
29.9%
Q1 24
8.5%
Net Margin
NTWK
NTWK
SLGL
SLGL
Q4 25
1.3%
Q3 25
-15.7%
Q2 25
14.0%
67.3%
Q1 25
8.1%
Q4 24
-7.4%
Q3 24
0.5%
Q2 24
-0.5%
36.4%
Q1 24
2.1%
EPS (diluted)
NTWK
NTWK
SLGL
SLGL
Q4 25
$0.02
Q3 25
$-0.20
Q2 25
$0.22
$4.17
Q1 25
$0.12
Q4 24
$-0.10
Q3 24
$0.01
Q2 24
$-0.01
$0.71
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
NTWK
NTWK
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$18.1M
$24.3M
Total DebtLower is stronger
$337.0K
Stockholders' EquityBook value
$35.9M
$31.9M
Total Assets
$62.7M
$39.3M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NTWK
NTWK
SLGL
SLGL
Q4 25
$18.1M
Q3 25
$22.7M
Q2 25
$17.4M
$24.3M
Q1 25
$18.8M
Q4 24
$21.3M
Q3 24
$24.5M
Q2 24
$19.1M
$26.5M
Q1 24
$12.3M
Total Debt
NTWK
NTWK
SLGL
SLGL
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
NTWK
NTWK
SLGL
SLGL
Q4 25
$35.9M
Q3 25
$35.8M
Q2 25
$37.8M
$31.9M
Q1 25
$35.5M
Q4 24
$33.9M
Q3 24
$34.7M
Q2 24
$34.8M
$34.9M
Q1 24
$35.3M
Total Assets
NTWK
NTWK
SLGL
SLGL
Q4 25
$62.7M
Q3 25
$62.6M
Q2 25
$62.4M
$39.3M
Q1 25
$58.1M
Q4 24
$59.1M
Q3 24
$62.8M
Q2 24
$64.2M
$42.0M
Q1 24
$63.3M
Debt / Equity
NTWK
NTWK
SLGL
SLGL
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
NTWK
NTWK
SLGL
SLGL
Operating Cash FlowLast quarter
$-4.7M
Free Cash FlowOCF − Capex
$-5.1M
FCF MarginFCF / Revenue
-27.2%
Capex IntensityCapex / Revenue
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
NTWK
NTWK
SLGL
SLGL
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
NTWK
NTWK
SLGL
SLGL
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
NTWK
NTWK
SLGL
SLGL
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
NTWK
NTWK
SLGL
SLGL
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
NTWK
NTWK
SLGL
SLGL
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

NTWK
NTWK

Core Revenue$18.0M96%
Other$816.8K4%

SLGL
SLGL

Segment breakdown not available.

Related Comparisons