NCPL

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Netcapital Inc.

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Key Metrics

Previous Close: $1.55
52-Week Range: $0.21 – $2.75
Market Cap: $10.99M
P/E (TTM): —
EPS (TTM): -15.17
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 0.44
PEG Ratio: —
Return on Equity: -99.45%
Return on Assets: -18.16%
Gross Margin: 98.07%
Operating Margin: -2362.17%
Profit Margin: 0.00%
Current Ratio: 0.26
Debt/Equity: 0.11
Total Debt: $2.42M
Free Cash Flow: $-5.66M
Revenue Growth: -38.20%
Earnings Growth: —
Enterprise Value: $12.69M

NCPL Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$5.48M	$8.49M	$4.95M	$869.46K
Cost of Revenue	$110.11K	$85.04K	$108.06K	$40.34K
Gross Profit	$5.37M	$8.41M	$4.84M	$829.12K
Selling, General & Admin	$6.40M	$6.14M	$8.29M	$9.15M
Operating Expenses	$6.40M	$6.23M	$8.38M	$9.19M
Operating Income	-$1.03M	$2.18M	-$3.54M	-$8.36M
EBITDA	$4.17M	$4.00M	-$7.19M	-$28.22M
Pretax Income	$4.05M	$3.81M	-$7.33M	-$28.30M
Income Tax	$544.00K	$854.00K	-$2.34M	$0.00
Net Income	$3.50M	$2.95M	-$4.99M	-$28.30M
Diluted EPS	88.90	44.10	-28.83	-20.39
Diluted Shares	39264	66820	172937	1.39M

NCPL Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$473.93K	$569.44K	$863.18K	$289.43K
Receivables	$2.43M	$1.39M	$156.05K	$78.65K
Current Assets	$2.91M	$2.54M	$1.04M	$399.61K
Total Assets	$31.76M	$41.82M	$41.56M	$20.90M
Current Liabilities	$6.03M	$5.16M	$3.12M	$5.50M
Long-Term Debt	$495.07K	$500.00K	$500.00K	$500.00K
Total Debt	$4.14M	$2.79M	$2.42M	$2.68M
Total Liabilities	$6.52M	$5.66M	$3.62M	$6.00M
Retained Earnings	$2.51M	$5.47M	$479.56K	-$27.82M
Shareholders' Equity	$25.24M	$36.16M	$37.94M	$14.91M
Working Capital	-$3.11M	-$2.62M	-$2.07M	-$5.10M
Net Debt	$3.67M	$2.22M	$1.56M	$2.39M

NCPL Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$3.01M	-$4.62M	-$4.88M	-$5.34M
Free Cash Flow	-$3.01M	-$4.62M	-$4.88M	-$5.34M
Depreciation & Amortisation	$0.00	$96.41K	$93.86K	$35.48K
Stock-Based Compensation	$1.18M	$269.58K	$1.32M	$757.48K
Investing Cash Flow	-$319.17K	$200.00K	-$20.00K	$0.00
Financing Cash Flow	$1.33M	$4.51M	$5.19M	$4.77M
Net Change in Cash	-$2.00M	$95.52K	$293.74K	-$573.75K

NCPL Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$152.68K	$404.02K	$190.06K	$51.08K	$94.35K
Cost of Revenue	$7.16K	$3.19K	$7.41K	$1.88K	$1.82K
Gross Profit	$145.53K	$400.83K	$182.65K	$49.20K	$92.52K
Selling, General & Admin	$1.83M	$2.32M	$3.47M	$2.17M	$2.27M
Operating Expenses	$1.84M	$2.33M	$3.48M	$2.18M	$2.32M
Operating Income	-$1.70M	-$1.93M	-$3.29M	-$2.13M	-$2.23M
EBITDA	-$2.99M	-$20.52M	-$3.24M	-$2.11M	-$1.73M
Pretax Income	-$3.01M	-$20.55M	-$3.64M	-$2.13M	-$1.81M
Income Tax	$0.00	$0.00	$0.00	$0.00	$0.00
Net Income	-$3.01M	-$20.55M	-$3.64M	-$2.13M	-$1.81M
Diluted EPS	-1.57	—	-1.27	-0.44	-0.32
Diluted Shares	1.92M	—	2.87M	4.81M	5.61M

NCPL Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$614.30K	$289.43K	$4.56M	$1.68M	$715.44K
Receivables	$22.40K	$78.65K	$20.00K	$23.51K	$12.90K
Current Assets	$672.82K	$399.61K	$4.99M	$2.01M	$1.04M
Total Assets	$39.90M	$20.90M	$28.43M	$25.44M	$26.06M
Current Liabilities	$4.43M	$5.50M	$4.81M	$3.51M	$3.96M
Long-Term Debt	$500.00K	$500.00K	$500.00K	$495.84K	$492.44K
Total Debt	$2.42M	$2.68M	$3.02M	$2.42M	$2.42M
Total Liabilities	$4.93M	$6.00M	$5.31M	$4.00M	$4.46M
Retained Earnings	-$7.27M	-$27.82M	-$31.46M	-$33.59M	-$35.41M
Shareholders' Equity	$34.97M	$14.91M	$23.13M	$21.44M	$21.60M
Working Capital	-$3.76M	-$5.10M	$186.77K	-$1.50M	-$2.92M
Net Debt	$1.81M	$2.39M	—	$735.94K	$1.70M

NCPL Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$1.16M	-$724.58K	-$4.21M	-$2.58M	-$868.75K
Free Cash Flow	-$1.16M	-$724.58K	-$4.21M	-$2.58M	-$968.75K
Depreciation & Amortisation	$8.87K	$8.87K	$8.87K	$8.87K	$54.30K
Stock-Based Compensation	$139.37K	$339.37K	$516.07K	$139.37K	$368.52K
Investing Cash Flow	$0.00	$0.00	—	—	—
Financing Cash Flow	$431.11K	$399.70K	$8.49M	-$300.00K	$0.00
Net Change in Cash	-$732.43K	-$324.88K	$4.27M	-$2.88M	-$968.75K

Market Snapshot

About

Netcapital Inc. operates an equity crowdfunding platform connecting private companies with retail investors. The company enables accredited and non-accredited investors to participate in early-stage funding rounds through its fintech marketplace.