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Side-by-side financial comparison of NETSOL TECHNOLOGIES INC (NTWK) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $18.8M, roughly 1.8× NETSOL TECHNOLOGIES INC). Spok Holdings, Inc runs the higher net margin — 8.7% vs 1.3%, a 7.3% gap on every dollar of revenue. On growth, NETSOL TECHNOLOGIES INC posted the faster year-over-year revenue change (21.1% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-5.1M). Over the past eight quarters, NETSOL TECHNOLOGIES INC's revenue compounded faster (10.3% CAGR vs -1.5%).
NetSol Technologies Inc. is an American software company which makes automobile leasing software. It is based in Encino, California.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
NTWK vs SPOK — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.8M | $33.9M |
| Net Profit | $246.8K | $2.9M |
| Gross Margin | 48.0% | 76.7% |
| Operating Margin | 6.9% | 11.6% |
| Net Margin | 1.3% | 8.7% |
| Revenue YoY | 21.1% | -0.1% |
| Net Profit YoY | 121.5% | -19.6% |
| EPS (diluted) | $0.02 | $0.13 |
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.
| Q4 25 | $18.8M | $33.9M | ||
| Q3 25 | $15.0M | $33.9M | ||
| Q2 25 | $18.4M | $35.7M | ||
| Q1 25 | $17.5M | $36.3M | ||
| Q4 24 | $15.5M | $33.9M | ||
| Q3 24 | $14.6M | $34.9M | ||
| Q2 24 | $16.4M | $34.0M | ||
| Q1 24 | $15.5M | $34.9M |
| Q4 25 | $246.8K | $2.9M | ||
| Q3 25 | $-2.4M | $3.2M | ||
| Q2 25 | $2.6M | $4.6M | ||
| Q1 25 | $1.4M | $5.2M | ||
| Q4 24 | $-1.1M | $3.6M | ||
| Q3 24 | $70.8K | $3.7M | ||
| Q2 24 | $-82.9K | $3.4M | ||
| Q1 24 | $327.5K | $4.2M |
| Q4 25 | 48.0% | 76.7% | ||
| Q3 25 | 39.4% | 78.3% | ||
| Q2 25 | 56.2% | 79.5% | ||
| Q1 25 | 49.8% | 80.1% | ||
| Q4 24 | 44.5% | 78.5% | ||
| Q3 24 | 45.0% | 79.5% | ||
| Q2 24 | 51.5% | 78.9% | ||
| Q1 24 | 48.3% | 79.5% |
| Q4 25 | 6.9% | 11.6% | ||
| Q3 25 | -12.2% | 12.9% | ||
| Q2 25 | 17.4% | 15.1% | ||
| Q1 25 | 8.9% | 16.6% | ||
| Q4 24 | -3.1% | 13.7% | ||
| Q3 24 | -5.2% | 14.2% | ||
| Q2 24 | 4.9% | 13.2% | ||
| Q1 24 | 8.5% | 14.0% |
| Q4 25 | 1.3% | 8.7% | ||
| Q3 25 | -15.7% | 9.5% | ||
| Q2 25 | 14.0% | 12.8% | ||
| Q1 25 | 8.1% | 14.3% | ||
| Q4 24 | -7.4% | 10.8% | ||
| Q3 24 | 0.5% | 10.5% | ||
| Q2 24 | -0.5% | 10.1% | ||
| Q1 24 | 2.1% | 12.1% |
| Q4 25 | $0.02 | $0.13 | ||
| Q3 25 | $-0.20 | $0.15 | ||
| Q2 25 | $0.22 | $0.22 | ||
| Q1 25 | $0.12 | $0.25 | ||
| Q4 24 | $-0.10 | $0.17 | ||
| Q3 24 | $0.01 | $0.18 | ||
| Q2 24 | $-0.01 | $0.17 | ||
| Q1 24 | $0.03 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.1M | $25.3M |
| Total DebtLower is stronger | $337.0K | — |
| Stockholders' EquityBook value | $35.9M | $146.4M |
| Total Assets | $62.7M | $206.1M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.1M | $25.3M | ||
| Q3 25 | $22.7M | $21.4M | ||
| Q2 25 | $17.4M | $20.2M | ||
| Q1 25 | $18.8M | $19.9M | ||
| Q4 24 | $21.3M | $29.1M | ||
| Q3 24 | $24.5M | $27.8M | ||
| Q2 24 | $19.1M | $23.9M | ||
| Q1 24 | $12.3M | $23.3M |
| 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 | — |
| Q4 25 | $35.9M | $146.4M | ||
| Q3 25 | $35.8M | $148.7M | ||
| Q2 25 | $37.8M | $150.9M | ||
| Q1 25 | $35.5M | $151.7M | ||
| Q4 24 | $33.9M | $154.7M | ||
| Q3 24 | $34.7M | $156.3M | ||
| Q2 24 | $34.8M | $158.2M | ||
| Q1 24 | $35.3M | $160.2M |
| Q4 25 | $62.7M | $206.1M | ||
| Q3 25 | $62.6M | $209.7M | ||
| Q2 25 | $62.4M | $208.7M | ||
| Q1 25 | $58.1M | $204.5M | ||
| Q4 24 | $59.1M | $217.1M | ||
| Q3 24 | $62.8M | $216.8M | ||
| Q2 24 | $64.2M | $216.4M | ||
| Q1 24 | $63.3M | $215.0M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.7M | $11.5M |
| Free Cash FlowOCF − Capex | $-5.1M | $10.1M |
| FCF MarginFCF / Revenue | -27.2% | 29.9% |
| Capex IntensityCapex / Revenue | 2.0% | 4.1% |
| Cash ConversionOCF / Net Profit | -19.24× | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.0M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.7M | $11.5M | ||
| Q3 25 | $5.3M | $8.1M | ||
| Q2 25 | $441.0K | $7.0M | ||
| Q1 25 | $-363.4K | $2.3M | ||
| Q4 24 | $-5.1M | $8.4M | ||
| Q3 24 | $5.5M | $11.1M | ||
| Q2 24 | $6.5M | $7.4M | ||
| Q1 24 | $-4.2M | $2.0M |
| Q4 25 | $-5.1M | $10.1M | ||
| Q3 25 | $4.8M | $7.6M | ||
| Q2 25 | $-44.1K | $6.0M | ||
| Q1 25 | $-693.0K | $1.5M | ||
| Q4 24 | $-5.6M | $7.5M | ||
| Q3 24 | $5.4M | $10.3M | ||
| Q2 24 | $6.1M | $6.8M | ||
| Q1 24 | $-4.6M | $1.1M |
| Q4 25 | -27.2% | 29.9% | ||
| Q3 25 | 32.1% | 22.4% | ||
| Q2 25 | -0.2% | 16.8% | ||
| Q1 25 | -4.0% | 4.2% | ||
| Q4 24 | -36.1% | 22.3% | ||
| Q3 24 | 37.1% | 29.4% | ||
| Q2 24 | 37.0% | 20.0% | ||
| Q1 24 | -29.6% | 3.2% |
| Q4 25 | 2.0% | 4.1% | ||
| Q3 25 | 3.2% | 1.6% | ||
| Q2 25 | 2.6% | 2.9% | ||
| Q1 25 | 1.9% | 2.1% | ||
| Q4 24 | 3.0% | 2.5% | ||
| Q3 24 | 0.7% | 2.4% | ||
| Q2 24 | 2.6% | 1.9% | ||
| Q1 24 | 2.4% | 2.5% |
| Q4 25 | -19.24× | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | 0.17× | 1.55× | ||
| Q1 25 | -0.26× | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | 77.94× | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | -12.84× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NTWK
| Core Revenue | $18.0M | 96% |
| Other | $816.8K | 4% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
