Netcapital Inc.(NCPL)Earnings, Financials & Key Ratios
NCPL•NASDAQ
$0.57
Price updated Jul 7, 2026
AboutNetcapital Inc. operates as a fintech company. It offers Netcapital.com, an SEC-registered funding portal that enables private companies to raise capital online, as well as allows investors to invest from anywhere in the world. It also provides various services, including a fully automated onboarding process; automated filing of required regulatory documents; compliance review; custom-built offering page on its portal website; third party transfer agent and custodial services; email marketing to its proprietary list of investors; rolling closes, which provide potential access to liquidity before final close date of offering; assistance with annual filings; and ongoing support services. In addition, the company offers advisory services, such as incubation of technology start-ups; investor introduction; digital marketing; website design, software, and software development; message crafting, including pitch decks, offering pages, and ad creation; strategic advice; and technology consulting services. Further, it provides business valuations; fairness and solvency opinions; ESOP feasibility and valuation; non-cash charitable contributions; economic analysis of damages; intellectual property appraisals; and compensation studies. Netcapital Inc. was incorporated in 1984 and is based in Boston, Massachusetts. Netcapital Inc. is a subsidiary of NetCapital Systems LLC.Show more
- EBITDA-$8M-146.2%
- Net Income-$28M-467.6%
- EPS (Diluted)-20.39+29.0%
- Gross Margin95.36%-2.5%
- EBITDA Margin-948.35%-1302.3%
- Operating Margin-952.43%-1269.9%
- Net Margin-3255.05%-3132.3%
- ROE-107.11%-695.8%
NCPL Price & Volume
Netcapital Inc. (NCPL) stock price & volume — 10-year historical chart
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Severe Revenue Contraction Threatens Corporate Solvency
Investment Thesis • Updated 2026Q3
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Imminent liquidity and solvency
Key Thesis Takeaways
- Netcapital faces a critical existential challenge as quarterly revenue has collapsed from $2.0 million in 2024Q2 to a mere $94.3K by 2026Q3, signaling a fundamental failure in its platform's market traction.
- The company's reliance on stock-based compensation, which totaled $368.5K in 2026Q3, further complicates its path to profitability while diluting shareholders during a period of extreme financial distress.
- Investors should remain cautious as the current liquidity profile, characterized by a 0.26 current ratio, suggests an imminent need for external capital to avoid insolvency.
Verdict Logic
the company's precarious 0.26 current ratio and the collapse of quarterly revenue to $94.3K indicate severe liquidity risks that outweigh potential residual value in its regulatory licenses.
NCPL Growth Metrics
Netcapital Inc. (NCPL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-13.09%
3 Years-45.87%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-171.51%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-23.51%
Return on Capital
10 Years100.45%
5 Years-8.44%
3 Years-10.88%
Last Year-30.76%
Peers Comparison
Key metrics vs top competitors for Netcapital Inc. (NCPL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.58 | $3.23M | -0.03 | -82.44% | -3255.05% | -107.11% | — | |
| $114.92 | $17.65B | 12.81 | 19.34% | 23.73% | 22.29% | — | |
| $1.45 | $126.45M | -5.78 | 32.01% | — | -24.71% | — | |
| $0.00 | $2.46K | -0.00 | 19.51% | -0.97% | -4.52% | — | |
| $281.17 | $76.91B | 20.57 | 15.63% | 21.91% | 23.29% | — | |
| $40.68 | $4.05B | 176.87 | 13.36% | 0.01% | 0% | — |
Compare NCPL vs Peers
Netcapital Inc. (NCPL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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NCPL Frequently Asked Questions
Netcapital Inc. (NCPL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Netcapital Inc.'s revenue?
Netcapital Inc. (NCPL) reported $0.7M in revenue for fiscal year 2025.
How fast is Netcapital Inc. growing?
Netcapital Inc. (NCPL) saw revenue decline by 82.4% over the past year.
Is NCPL profitable?
Netcapital Inc. (NCPL) reported a net loss of $28.1M for fiscal year 2025.
Dividend & Returns
What is NCPL's return on equity?
Netcapital Inc. (NCPL) has a return on equity (ROE) of -107.1%. Negative ROE indicates the company is unprofitable.
What is Netcapital Inc.'s free cash flow?
Netcapital Inc. (NCPL) had negative free cash flow of $8.4M in fiscal year 2025, likely due to heavy capital investments.