NETWORK-1 TECHNOLOGIES, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data NETWORK-1 TECHNOLOGIES, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue		16.5	22.1	3.04	4.4	36		2.6	0.1	0.15
Cost of revenue	25.8	4.97	8.07	0.88	1.65	12.1			0.03	0.04
Gross profit		11.5	14	2.16	2.75	23.9			0.07	0.11
General and administrative	2.78	2.26	2.26	2.17	2.16	2.5	2.78	2.89	2.61	2.49
Operating expenses	33	10.4	12.9	5.39	6.82	16.4	3.9	4.84	3.72	3.46
Operating income	32.1	6.01	9.17	-2.35	-2.41	19.6	-3.9	-2.24	-3.62	-3.31
Other non-operating income		0.22	0.85	1.19	0.54	0.15	3.82	2.39
Pre-tax income	32.2	6.23	10	-1.17	-1.88	19.7
Income tax	8.94	2.1	2.31	0.02	-0.95	4.46	0.61	-0.39	-0.43	-0.37
Net income	23.2	4.13	7.71	-1.79	-1.71	14.3	-2.33	-1.46	-3.03	-2.42
EPS, basic	1.00	0.17	0.32	-0.07	-0.07	0.59	-0.10	-0.06	-0.13	-0.11
EPS, diluted	0.93	0.16	0.30	-0.07	-0.07	0.58	-0.10	-0.06	-0.13	-0.11
Shares, basic (weighted)	23.3	24.1	23.8	24	24	24.1	23.8	23.8	23.3	22.8
Shares, diluted (weighted)	24.9	26.4	25.4	24	24	24.5	23.8	23.8	23.3	22.8
Dividend per share		0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	50.9	43.4	23.8	22.6	25.5	44.5	13.4	16.9	13.1	13.4
Short-term investments	1.07	10.8	31.2	25.7	19.4	15.1	35	28.6	27.5	23.5
Receivables	2.88	0.58	0.44	0.34	0
Other current assets	0.08	0.08	0.11	0.1	0.12	0.15	0.35	0.21	0.23	0.24
Total current assets	56.1	54.9	55.5	48.8	45	59.8	49	45.7	40.8	37.1
Lease right-of-use assets				0.04	0		0.16	0.02	0.03
Goodwill				5.04	5	5
Intangible assets	1.23	2.17	1.99			1.38	1.59	1.33	1.21	1.48
Total assets	57.6	57.3	60.3	55.1	51.2	64.8	58	52.3	45.4	40.3
Accounts payable	0.17	0.24	0.07	0.42	0.6	0.46	0.51	0.13	0.2	0.25
Accrued liabilities	1.75	0.71	0.49	0.33	0.28	0.38	0.32	0.09	0.29	0.29
Total current liabilities			2.06	1.57	2.03	4.11	1.61	0.82	0.77	0.77
Long-term debt				0.04
Lease liabilities							0.09
Total liabilities	4.73	2.88	2.06	1.57	2.03	4.66	2.86	1.59	1.1	0.77
Total debt				0.04
Paid-in capital	62.4	64.4	65.2	65.8	66.1	66.4	66.9	67.4	65.5	63.4
Retained earnings	-9.7	-10.2	-7.1	-12.6	-17.2	-6.43	-12.1	-17	-21.4	-24.1
Other comprehensive income	-0.03	-0.04	-0.08	0.08	-0.01	-0.01	-0.01
Shareholders' equity	52.9	54.4	58.2	53.5	49.2	60.2	55.1	50.7	44.3	39.6
Total equity	52.9	54.4	58.2	53.5	49.2	60.2	55.1	50.7	44.3	39.6
Total liabilities and equity	57.6	57.3	60.3	55.1	51.2	64.8	58	52.3	45.4	40.3
Shares outstanding	23.7	23.8	23.7	24	24.1	23.8	23.9	23.6	23	22.8

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	23.2	4.13	7.71	-1.79	-1.71	14.3	-2.33	-1.46	-3.03	-2.42
Stock-based compensation	0.51	0.95	0.69	0.57	0.3	0.24	0.59	0.51	0.4	0.31
Deferred income tax	4.75	0.04		0.17	-0.49	1.51	0.61	-0.4	-0.43	-0.34
Change in receivables	1.34	-2.3	-0.13	-0.1	0.34
Change in payables	0.03	0.07	-0.18	0.35		-0.14	0.05	-0.38	0.08	0.05
Cash from operations	29.9	6.77	8.09	-0.61	-0.5	19.5	-5.44	0.33	-1.08	-0.87
Purchases of investments		-9.75	2.54	2.5	-17.9	-13.1	-33.9	-47	-14.2	-12
Cash from investing		-10.9	-23.1	3.05	6.31	2.99	-22.3	6.54	1.05	3.72
Stock issued				0.11	0
Share buybacks	-0.12	-2.1	1.61	-0.77	-0.25	-1.08	-0.53	-0.97	-1.3	-0.29
Dividends paid		-2.42	2.44	-2.42	-2.47	-2.41	-2.45	-2.37	-2.37	-2.3
Cash from financing	0.45	-3.45	-4.57	-3.62	-2.89	-3.5	-3.34	-3.42	-3.72	-2.6
Net change in cash	30.3	-7.57	-19.6	-1.18	2.92	19	-31	3.45	-3.75	0.26
Interest paid				0	0
Income taxes paid	5.27	1.29	1.99	0	0		3	0.07

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.59 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	-7.4%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-7.2%	Net income / average total assets.
Return on invested capital (ROIC)	-12.3%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	50.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 5y	-49.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	50.0%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 5y	-47.7%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	0.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	0.0%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-10.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-10.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-4.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-11.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-11.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-4.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.4%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	47.0x	Current assets / current liabilities.
Quick ratio	46.7x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	46.7x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	2.5%	Total liabilities / total assets.
Working capital	$33.2M	Current assets - current liabilities.
Goodwill and intangibles / assets	4.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	$35.7M	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.12	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	-$0.07	Cash from operations / diluted weighted shares.
Book value per share	$1.64	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$1.56	Tangible book value / shares outstanding.
Cash per share	$1.48	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$36.4M	Share price x shares outstanding.
Enterprise value	$2.6M	Market cap + total debt - cash - short-term investments.
P/B	0.97x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.02x	Market cap / tangible book value, when positive.
Earnings yield	-7.6%	Net income / market cap (the inverse of P/E).
Dividend yield	6.3%	Dividends paid over the period / market cap.
Shareholder yield	6.9%	(Dividends paid + share buybacks) / market cap.

What was NETWORK-1 TECHNOLOGIES, INC.'s revenue in fiscal 2025?

NETWORK-1 TECHNOLOGIES, INC. reported revenue of $150.0K for fiscal 2025, 50% higher than the year before.

Was NETWORK-1 TECHNOLOGIES, INC. profitable in fiscal 2025?

No. It reported a net loss of $2.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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