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

NETSOL TECHNOLOGIES INC is the larger business by last-quarter revenue ($18.8M vs $12.6M, roughly 1.5× Spero Therapeutics, Inc.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs 1.3%, a 249.4% gap on every dollar of revenue. On growth, Spero Therapeutics, Inc. posted the faster year-over-year revenue change (24080.8% vs 21.1%). Over the past eight quarters, Spero Therapeutics, Inc.'s revenue compounded faster (847.7% CAGR vs 10.3%).

NTWK vs SPRO — Head-to-Head

Bigger by revenue
NTWK
NTWK
1.5× larger
NTWK
$18.8M
$12.6M
SPRO
Growing faster (revenue YoY)
SPRO
SPRO
+24059.7% gap
SPRO
24080.8%
21.1%
NTWK
Higher net margin
SPRO
SPRO
249.4% more per $
SPRO
250.7%
1.3%
NTWK
Faster 2-yr revenue CAGR
SPRO
SPRO
Annualised
SPRO
847.7%
10.3%
NTWK

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
NTWK
NTWK
SPRO
SPRO
Revenue
$18.8M
$12.6M
Net Profit
$246.8K
$31.5M
Gross Margin
48.0%
Operating Margin
6.9%
Net Margin
1.3%
250.7%
Revenue YoY
21.1%
24080.8%
Net Profit YoY
121.5%
250.9%
EPS (diluted)
$0.02
$0.56

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
SPRO
SPRO
Q4 25
$18.8M
$12.6M
Q3 25
$15.0M
$0
Q2 25
$18.4M
$0
Q1 25
$17.5M
$12.0K
Q4 24
$15.5M
$52.0K
Q3 24
$14.6M
$65.0K
Q2 24
$16.4M
$114.0K
Q1 24
$15.5M
$140.0K
Net Profit
NTWK
NTWK
SPRO
SPRO
Q4 25
$246.8K
$31.5M
Q3 25
$-2.4M
$-7.4M
Q2 25
$2.6M
$-1.7M
Q1 25
$1.4M
$-13.9M
Q4 24
$-1.1M
Q3 24
$70.8K
$-17.1M
Q2 24
$-82.9K
$-17.9M
Q1 24
$327.5K
$-12.7M
Gross Margin
NTWK
NTWK
SPRO
SPRO
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
SPRO
SPRO
Q4 25
6.9%
Q3 25
-12.2%
Q2 25
17.4%
Q1 25
8.9%
-122758.3%
Q4 24
-3.1%
Q3 24
-5.2%
-28604.6%
Q2 24
4.9%
-16720.2%
Q1 24
8.5%
-9987.1%
Net Margin
NTWK
NTWK
SPRO
SPRO
Q4 25
1.3%
250.7%
Q3 25
-15.7%
Q2 25
14.0%
Q1 25
8.1%
-115550.0%
Q4 24
-7.4%
Q3 24
0.5%
-26380.0%
Q2 24
-0.5%
-15668.4%
Q1 24
2.1%
-9049.3%
EPS (diluted)
NTWK
NTWK
SPRO
SPRO
Q4 25
$0.02
$0.56
Q3 25
$-0.20
$-0.13
Q2 25
$0.22
$-0.03
Q1 25
$0.12
$-0.25
Q4 24
$-0.10
Q3 24
$0.01
$-0.32
Q2 24
$-0.01
$-0.33
Q1 24
$0.03
$-0.24

Balance Sheet & Financial Strength

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

Metric
NTWK
NTWK
SPRO
SPRO
Cash + ST InvestmentsLiquidity on hand
$18.1M
$40.3M
Total DebtLower is stronger
$337.0K
Stockholders' EquityBook value
$35.9M
$59.0M
Total Assets
$62.7M
$68.9M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NTWK
NTWK
SPRO
SPRO
Q4 25
$18.1M
$40.3M
Q3 25
$22.7M
$48.6M
Q2 25
$17.4M
$31.2M
Q1 25
$18.8M
$48.9M
Q4 24
$21.3M
$52.9M
Q3 24
$24.5M
$76.3M
Q2 24
$19.1M
$63.5M
Q1 24
$12.3M
$82.3M
Total Debt
NTWK
NTWK
SPRO
SPRO
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
SPRO
SPRO
Q4 25
$35.9M
$59.0M
Q3 25
$35.8M
$26.5M
Q2 25
$37.8M
$32.8M
Q1 25
$35.5M
$33.8M
Q4 24
$33.9M
$46.1M
Q3 24
$34.7M
$65.5M
Q2 24
$34.8M
$80.5M
Q1 24
$35.3M
$96.2M
Total Assets
NTWK
NTWK
SPRO
SPRO
Q4 25
$62.7M
$68.9M
Q3 25
$62.6M
$54.2M
Q2 25
$62.4M
$62.1M
Q1 25
$58.1M
$77.7M
Q4 24
$59.1M
$110.5M
Q3 24
$62.8M
$135.2M
Q2 24
$64.2M
$149.9M
Q1 24
$63.3M
$167.7M
Debt / Equity
NTWK
NTWK
SPRO
SPRO
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
SPRO
SPRO
Operating Cash FlowLast quarter
$-4.7M
$-8.4M
Free Cash FlowOCF − Capex
$-5.1M
FCF MarginFCF / Revenue
-27.2%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
-19.24×
-0.26×
TTM Free Cash FlowTrailing 4 quarters
$-1.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NTWK
NTWK
SPRO
SPRO
Q4 25
$-4.7M
$-8.4M
Q3 25
$5.3M
$17.4M
Q2 25
$441.0K
$-17.7M
Q1 25
$-363.4K
$-4.0M
Q4 24
$-5.1M
$-23.4M
Q3 24
$5.5M
$12.8M
Q2 24
$6.5M
$-18.7M
Q1 24
$-4.2M
$5.9M
Free Cash Flow
NTWK
NTWK
SPRO
SPRO
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
SPRO
SPRO
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
SPRO
SPRO
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
SPRO
SPRO
Q4 25
-19.24×
-0.26×
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%

SPRO
SPRO

Segment breakdown not available.

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