NetSol Technologies Reports Record Q3 2026 Revenue and Earnings Growth
NetSol Technologies announced record financial results for the third quarter ended March 31, 2026, achieving total net revenues of $19.8 million, the highest in company history. This represents an 11.7% year-over-year increase in recurring subscription and support revenue. Income from operations rose to $3 million, while non-GAAP adjusted EBITDA reached $3.4 million. For the nine-month period, total net revenues grew 12.5% to $53.7 million. Management attributed this success to the strategic unification of products under the Transcend platform and AI integration. Key operational milestones included launching Transcend Finance with Northridge Finance (Bank of Ireland UK) and Ford China, alongside a multimillion-dollar renewal with Investec Bank. In the US market, digital solutions for BMW dealerships showed strong demand, with potential expansion to nearly 350 locations. While services revenue moderated due to the transition of one-time implementation activities into recurring streams, overall demand remains healthy. The company emphasized robust pipeline activity and significant customer relationship deepening across global markets.
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