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Side-by-side financial comparison of NETSOL TECHNOLOGIES INC (NTWK) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
WEST BANCORPORATION INC is the larger business by last-quarter revenue ($26.9M vs $18.8M, roughly 1.4× NETSOL TECHNOLOGIES INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs 1.3%, a 37.9% gap on every dollar of revenue. On growth, NETSOL TECHNOLOGIES INC posted the faster year-over-year revenue change (21.1% vs 16.6%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $-5.1M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% CAGR vs 10.3%).
NetSol Technologies Inc. is an American software company which makes automobile leasing software. It is based in Encino, California.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
NTWK vs WTBA — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $18.8M | $26.9M |
| Net Profit | $246.8K | $10.6M |
| Gross Margin | 48.0% | — |
| Operating Margin | 6.9% | 50.0% |
| Net Margin | 1.3% | 39.2% |
| Revenue YoY | 21.1% | 16.6% |
| Net Profit YoY | 121.5% | 34.8% |
| EPS (diluted) | $0.02 | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $18.8M | $24.2M | ||
| Q3 25 | $15.0M | $25.0M | ||
| Q2 25 | $18.4M | $23.8M | ||
| Q1 25 | $17.5M | $23.1M | ||
| Q4 24 | $15.5M | $20.9M | ||
| Q3 24 | $14.6M | $20.3M | ||
| Q2 24 | $16.4M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $246.8K | $7.4M | ||
| Q3 25 | $-2.4M | $9.3M | ||
| Q2 25 | $2.6M | $8.0M | ||
| Q1 25 | $1.4M | $7.8M | ||
| Q4 24 | $-1.1M | $7.1M | ||
| Q3 24 | $70.8K | $6.0M | ||
| Q2 24 | $-82.9K | $5.2M |
| Q1 26 | — | — | ||
| 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 26 | — | 50.0% | ||
| Q4 25 | 6.9% | 39.6% | ||
| Q3 25 | -12.2% | 45.8% | ||
| Q2 25 | 17.4% | 43.4% | ||
| Q1 25 | 8.9% | 43.4% | ||
| Q4 24 | -3.1% | 30.9% | ||
| Q3 24 | -5.2% | 36.6% | ||
| Q2 24 | 4.9% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | 1.3% | 30.7% | ||
| Q3 25 | -15.7% | 37.3% | ||
| Q2 25 | 14.0% | 33.5% | ||
| Q1 25 | 8.1% | 34.0% | ||
| Q4 24 | -7.4% | 34.0% | ||
| Q3 24 | 0.5% | 29.3% | ||
| Q2 24 | -0.5% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $0.02 | $0.44 | ||
| Q3 25 | $-0.20 | $0.55 | ||
| Q2 25 | $0.22 | $0.47 | ||
| Q1 25 | $0.12 | $0.46 | ||
| Q4 24 | $-0.10 | $0.41 | ||
| Q3 24 | $0.01 | $0.35 | ||
| Q2 24 | $-0.01 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | $337.0K | — |
| Stockholders' EquityBook value | $35.9M | $270.7M |
| Total Assets | $62.7M | $4.0B |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $18.1M | $471.1M | ||
| Q3 25 | $22.7M | $232.9M | ||
| Q2 25 | $17.4M | $345.2M | ||
| Q1 25 | $18.8M | — | ||
| Q4 24 | $21.3M | $243.5M | ||
| Q3 24 | $24.5M | — | ||
| Q2 24 | $19.1M | — |
| Q1 26 | — | — | ||
| 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 26 | — | $270.7M | ||
| Q4 25 | $35.9M | $266.0M | ||
| Q3 25 | $35.8M | $255.1M | ||
| Q2 25 | $37.8M | $240.9M | ||
| Q1 25 | $35.5M | $237.9M | ||
| Q4 24 | $33.9M | $227.9M | ||
| Q3 24 | $34.7M | $235.4M | ||
| Q2 24 | $34.8M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $62.7M | $4.1B | ||
| Q3 25 | $62.6M | $4.0B | ||
| Q2 25 | $62.4M | $4.1B | ||
| Q1 25 | $58.1M | $4.0B | ||
| Q4 24 | $59.1M | $4.0B | ||
| Q3 24 | $62.8M | $4.0B | ||
| Q2 24 | $64.2M | $4.0B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $12.9M |
| Free Cash FlowOCF − Capex | $-5.1M | $12.4M |
| FCF MarginFCF / Revenue | -27.2% | 46.0% |
| Capex IntensityCapex / Revenue | 2.0% | 1.8% |
| Cash ConversionOCF / Net Profit | -19.24× | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.0M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $-4.7M | $46.5M | ||
| Q3 25 | $5.3M | $11.4M | ||
| Q2 25 | $441.0K | $13.5M | ||
| Q1 25 | $-363.4K | $9.7M | ||
| Q4 24 | $-5.1M | $39.8M | ||
| Q3 24 | $5.5M | $12.9M | ||
| Q2 24 | $6.5M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $-5.1M | $43.2M | ||
| Q3 25 | $4.8M | $10.8M | ||
| Q2 25 | $-44.1K | $12.8M | ||
| Q1 25 | $-693.0K | $8.3M | ||
| Q4 24 | $-5.6M | $13.7M | ||
| Q3 24 | $5.4M | $7.0M | ||
| Q2 24 | $6.1M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | -27.2% | 178.3% | ||
| Q3 25 | 32.1% | 43.0% | ||
| Q2 25 | -0.2% | 53.6% | ||
| Q1 25 | -4.0% | 35.7% | ||
| Q4 24 | -36.1% | 65.6% | ||
| Q3 24 | 37.1% | 34.2% | ||
| Q2 24 | 37.0% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 2.0% | 13.7% | ||
| Q3 25 | 3.2% | 2.6% | ||
| Q2 25 | 2.6% | 3.2% | ||
| Q1 25 | 1.9% | 6.5% | ||
| Q4 24 | 3.0% | 125.3% | ||
| Q3 24 | 0.7% | 29.4% | ||
| Q2 24 | 2.6% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | -19.24× | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | 0.17× | 1.70× | ||
| Q1 25 | -0.26× | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | 77.94× | 2.17× | ||
| Q2 24 | — | 1.93× |
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% |
WTBA
Segment breakdown not available.
