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

NETSOL TECHNOLOGIES INC is the larger business by last-quarter revenue ($18.8M vs $9.7M, roughly 1.9× Kartoon Studios, Inc.). NETSOL TECHNOLOGIES INC runs the higher net margin — 1.3% vs -54.4%, a 55.7% gap on every dollar of revenue. On growth, NETSOL TECHNOLOGIES INC posted the faster year-over-year revenue change (21.1% vs 2.9%). Kartoon Studios, Inc. produced more free cash flow last quarter ($346.0K vs $-5.1M). Over the past eight quarters, Kartoon Studios, Inc.'s revenue compounded faster (26.3% CAGR vs 10.3%).

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

Kartoon Studios, Inc. is an entertainment company headed by Andy Heyward. The company was formed in 2010 as Genius Brands International (GBI) from the merger of Genius Brands International and A Squared Entertainment.

NTWK vs TOON — Head-to-Head

Bigger by revenue
NTWK
NTWK
1.9× larger
NTWK
$18.8M
$9.7M
TOON
Growing faster (revenue YoY)
NTWK
NTWK
+18.2% gap
NTWK
21.1%
2.9%
TOON
Higher net margin
NTWK
NTWK
55.7% more per $
NTWK
1.3%
-54.4%
TOON
More free cash flow
TOON
TOON
$5.5M more FCF
TOON
$346.0K
$-5.1M
NTWK
Faster 2-yr revenue CAGR
TOON
TOON
Annualised
TOON
26.3%
10.3%
NTWK

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
NTWK
NTWK
TOON
TOON
Revenue
$18.8M
$9.7M
Net Profit
$246.8K
$-5.3M
Gross Margin
48.0%
Operating Margin
6.9%
-38.4%
Net Margin
1.3%
-54.4%
Revenue YoY
21.1%
2.9%
Net Profit YoY
121.5%
8.5%
EPS (diluted)
$0.02
$-0.08

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
TOON
TOON
Q4 25
$18.8M
$9.7M
Q3 25
$15.0M
$9.9M
Q2 25
$18.4M
$10.3M
Q1 25
$17.5M
$9.5M
Q4 24
$15.5M
$9.4M
Q3 24
$14.6M
$8.7M
Q2 24
$16.4M
$8.4M
Q1 24
$15.5M
$6.1M
Net Profit
NTWK
NTWK
TOON
TOON
Q4 25
$246.8K
$-5.3M
Q3 25
$-2.4M
$-6.6M
Q2 25
$2.6M
$-6.2M
Q1 25
$1.4M
$-6.5M
Q4 24
$-1.1M
$-5.8M
Q3 24
$70.8K
$-2.1M
Q2 24
$-82.9K
$-5.9M
Q1 24
$327.5K
$-7.0M
Gross Margin
NTWK
NTWK
TOON
TOON
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
TOON
TOON
Q4 25
6.9%
-38.4%
Q3 25
-12.2%
-29.3%
Q2 25
17.4%
-31.3%
Q1 25
8.9%
-32.4%
Q4 24
-3.1%
-37.1%
Q3 24
-5.2%
-29.2%
Q2 24
4.9%
-55.6%
Q1 24
8.5%
-103.6%
Net Margin
NTWK
NTWK
TOON
TOON
Q4 25
1.3%
-54.4%
Q3 25
-15.7%
-66.5%
Q2 25
14.0%
-60.0%
Q1 25
8.1%
-68.7%
Q4 24
-7.4%
-61.2%
Q3 24
0.5%
-23.6%
Q2 24
-0.5%
-70.1%
Q1 24
2.1%
-115.9%
EPS (diluted)
NTWK
NTWK
TOON
TOON
Q4 25
$0.02
$-0.08
Q3 25
$-0.20
$-0.14
Q2 25
$0.22
$-0.13
Q1 25
$0.12
$-0.14
Q4 24
$-0.10
$-0.14
Q3 24
$0.01
$-0.05
Q2 24
$-0.01
$-0.15
Q1 24
$0.03
$-0.20

Balance Sheet & Financial Strength

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

Metric
NTWK
NTWK
TOON
TOON
Cash + ST InvestmentsLiquidity on hand
$18.1M
Total DebtLower is stronger
$337.0K
Stockholders' EquityBook value
$35.9M
$26.2M
Total Assets
$62.7M
$70.9M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NTWK
NTWK
TOON
TOON
Q4 25
$18.1M
Q3 25
$22.7M
Q2 25
$17.4M
Q1 25
$18.8M
Q4 24
$21.3M
$100.0K
Q3 24
$24.5M
Q2 24
$19.1M
Q1 24
$12.3M
Total Debt
NTWK
NTWK
TOON
TOON
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
TOON
TOON
Q4 25
$35.9M
$26.2M
Q3 25
$35.8M
$22.6M
Q2 25
$37.8M
$28.4M
Q1 25
$35.5M
$28.6M
Q4 24
$33.9M
$35.0M
Q3 24
$34.7M
$41.2M
Q2 24
$34.8M
$42.7M
Q1 24
$35.3M
$44.8M
Total Assets
NTWK
NTWK
TOON
TOON
Q4 25
$62.7M
$70.9M
Q3 25
$62.6M
$66.7M
Q2 25
$62.4M
$70.0M
Q1 25
$58.1M
$71.7M
Q4 24
$59.1M
$85.5M
Q3 24
$62.8M
$87.3M
Q2 24
$64.2M
$89.0M
Q1 24
$63.3M
$93.3M
Debt / Equity
NTWK
NTWK
TOON
TOON
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
TOON
TOON
Operating Cash FlowLast quarter
$-4.7M
$381.0K
Free Cash FlowOCF − Capex
$-5.1M
$346.0K
FCF MarginFCF / Revenue
-27.2%
3.6%
Capex IntensityCapex / Revenue
2.0%
0.4%
Cash ConversionOCF / Net Profit
-19.24×
TTM Free Cash FlowTrailing 4 quarters
$-1.0M
$-11.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NTWK
NTWK
TOON
TOON
Q4 25
$-4.7M
$381.0K
Q3 25
$5.3M
$-5.5M
Q2 25
$441.0K
$-4.5M
Q1 25
$-363.4K
$-1.8M
Q4 24
$-5.1M
$-2.4M
Q3 24
$5.5M
$1.5M
Q2 24
$6.5M
$-6.5M
Q1 24
$-4.2M
$3.8M
Free Cash Flow
NTWK
NTWK
TOON
TOON
Q4 25
$-5.1M
$346.0K
Q3 25
$4.8M
$-5.5M
Q2 25
$-44.1K
$-4.5M
Q1 25
$-693.0K
$-1.8M
Q4 24
$-5.6M
$-2.4M
Q3 24
$5.4M
$1.5M
Q2 24
$6.1M
Q1 24
$-4.6M
$3.8M
FCF Margin
NTWK
NTWK
TOON
TOON
Q4 25
-27.2%
3.6%
Q3 25
32.1%
-56.0%
Q2 25
-0.2%
-44.1%
Q1 25
-4.0%
-19.4%
Q4 24
-36.1%
-25.6%
Q3 24
37.1%
17.1%
Q2 24
37.0%
Q1 24
-29.6%
62.7%
Capex Intensity
NTWK
NTWK
TOON
TOON
Q4 25
2.0%
0.4%
Q3 25
3.2%
0.4%
Q2 25
2.6%
0.6%
Q1 25
1.9%
0.2%
Q4 24
3.0%
0.5%
Q3 24
0.7%
0.4%
Q2 24
2.6%
0.0%
Q1 24
2.4%
0.6%
Cash Conversion
NTWK
NTWK
TOON
TOON
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%

TOON
TOON

Other$4.6M48%
CA$2.8M29%
Content Distribution$2.2M23%

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