Netcapital Inc. (NCPL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 1.04M | 2.01M | 4.99M | 399.61K | 672.82K | 1.42M | 924.94K | 1.04M | 6.05M | 3.92M | 2.83M | 2.54M | 3.97M | 3.89M | 4.75M | 2.91M | 2.74M | 3.48M | 3.82M | 4.48M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | 29.24 | 23.88 | 10.87 | 11.19 | 10.02 | 56.55 | 502.44 | 292.96 | 96.31 | 83.04 | 50.76 | 90.23 | 114.41 | 157.45 | 113.16 | 111.93 | 133.49 | 197.86 | 109.1 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 313.58K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 25.02M | 23.43M | 23.44M | 20.5M | 39.23M | 40.52M | 40.52M | 40.51M | 38.08M | 40.76M | 40.6M | 39.28M | 35.6M | 31.06M | 29.42M | 28.85M | 27.25M | 24.8M | 24.66M | 21.23M |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.8M |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.06x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 17.52M | 17.53M | 14.7M | 14.71M | 14.72M | 14.72M | 14.73M | 15.79M | 15.82M | 15.85M | 15.88M | 15.9M | 15.49M | 15.52M | 15.54M | 15.54M | 14.8M | 14.8M | 14.8M |
| Long-Term Investments | 5.81M | 5.86M | 5.86M | 5.8M | 24.31M | 25.6M | 25.58M | 25.78M | 22.29M | 24.73M | 24.55M | 23.2M | 19.49M | 15.35M | 13.7M | 13.1M | 11.5M | 9.86M | 9.75M | 6.42M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 26.06M | 25.44M | 28.43M | 20.9M | 39.9M | 41.94M | 41.44M | 41.56M | 44.14M | 44.68M | 43.43M | 41.82M | 39.58M | 34.95M | 34.17M | 31.76M | 29.99M | 28.28M | 28.48M | 25.72M |
| Asset Turnover | 0.00x | 0.00x | 0.01x | 0.01x | 0.00x | 0.00x | 0.00x | 0.01x | 0.02x | 0.05x | 0.04x | 0.08x | 0.06x | 0.05x | 0.04x | 0.06x | 0.06x | 0.04x | 0.02x | 0.04x |
| Asset Growth % | -34.69% | -39.34% | -31.39% | -49.7% | -9.59% | -6.14% | -4.59% | -0.63% | 11.52% | 27.85% | 27.1% | 31.67% | 31.96% | 23.55% | 19.97% | 23.51% | 48.53% | 494.68% | 503.72% | 1061.78% |
| Total Current Liabilities | 3.96M | 3.51M | 4.81M | 5.5M | 4.43M | 4.03M | 3.43M | 3.12M | 3.33M | 5.05M | 4.47M | 5.16M | 4.82M | 4.19M | 4.02M | 6.03M | 3.49M | 6.03M | 5.33M | 9.15M |
| Accounts Payable | 1.67M | 1.28M | 1.93M | 2.94M | 2.16M | 1.82M | 1.18M | 793.33K | 904.04K | 888.11K | 662.18K | 653.53K | 710.17K | 527.11K | 533.03K | 914.59K | 757.55K | 677.85K | 629.34K | 4.15M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 1.92M | 2.52M | 2.18M | 1.92M | 1.92M | 1.92M | 1.92M | 1.94M | 1.94M | 1.94M | 2.29M | 2.29M | 2.35M | 2.35M | 3.65M | 1.01M | 3.58M | 2.94M | 2.94M |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 3.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.71M | 1.53M | 1.66M | 1.48M | 779K | 680K | 977K | 981K | 1.05M | 1.14M | 433K |
| Current Ratio | 0.26x | 0.57x | 1.04x | 0.07x | 0.15x | 0.35x | 0.27x | 0.33x | 1.82x | 0.78x | 0.63x | 0.49x | 0.82x | 0.93x | 1.18x | 0.48x | 0.79x | 0.58x | 0.72x | 0.49x |
| Quick Ratio | 0.26x | 0.57x | 1.04x | 0.07x | 0.15x | 0.35x | 0.27x | 0.33x | 1.82x | 0.78x | 0.63x | 0.49x | 0.82x | 0.93x | 1.18x | 0.48x | 0.79x | 0.58x | 0.72x | 0.49x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 492.44K | 495.84K | 500K | 500K | 500K | 500K | 500K | 500K | 500K | 500K | 500K | 500K | 500K | 489.06K | 492.08K | 495.07K | 2.43M | 1.75M | 2.38M | 2.39M |
| Long-Term Debt | 492.44K | 495.84K | 500K | 500K | 500K | 500K | 500K | 500K | 500K | 500K | 500K | 500K | 500K | 489.06K | 492.08K | 495.07K | 2.43M | 1.75M | 2.38M | 2.39M |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 4.46M | 4M | 5.31M | 6M | 4.93M | 4.53M | 3.93M | 3.62M | 3.83M | 5.55M | 4.97M | 5.66M | 5.32M | 4.68M | 4.51M | 6.52M | 5.93M | 7.78M | 7.72M | 11.54M |
| Total Debt | 492.44K | 2.42M | 3.02M | 2.68M | 2.42M | 2.42M | 2.42M | 2.42M | 2.44M | 2.44M | 2.44M | 2.79M | 2.79M | 2.84M | 2.84M | 4.14M | 3.44M | 5.33M | 5.33M | 5.33M |
| Net Debt | -223K | 735.94K | -1.54M | 2.39M | 1.81M | 1.07M | 1.56M | 1.56M | 263.02K | 1.91M | 1.4M | 2.22M | 1.01M | 1.27M | 283.61K | 3.67M | 2.97M | 4.39M | 3.27M | 2.85M |
| Debt / Equity | 0.02x | 0.11x | 0.13x | 0.18x | 0.07x | 0.06x | 0.06x | 0.06x | 0.06x | 0.06x | 0.06x | 0.08x | 0.08x | 0.09x | 0.10x | 0.16x | 0.14x | 0.26x | 0.26x | 0.38x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | 30.23x | - | 2.01x | 4.67x | 7.97x | 102.33x | 7.81x | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | 23.67x | - | 1.60x | 1.70x | 3.58x | 10.22x | 6.91x | - | - | - | - |
| Interest Coverage | -90.24x | -173.49x | -91.34x | -1154.31x | -288.76x | -230.28x | -240.51x | -254.41x | -329.72x | 2.26x | -58.43x | 81.72x | 136.75x | 13.28x | -5.40x | 14.94x | 85.97x | -9.28x | 62.41x | 58.57x |
| Total Equity | 21.6M | 21.44M | 23.13M | 14.91M | 34.97M | 37.41M | 37.51M | 37.94M | 40.3M | 39.13M | 38.47M | 36.16M | 34.26M | 30.27M | 29.66M | 25.24M | 24.07M | 20.5M | 20.77M | 14.18M |
| Equity Growth % | -38.23% | -42.69% | -38.34% | -60.71% | -13.23% | -4.4% | -2.49% | 4.93% | 17.65% | 29.26% | 29.67% | 43.26% | 42.35% | 47.65% | 42.85% | 78% | 98.23% | 2597.56% | 2818.88% | 1987.67% |
| Book Value per Share | 3.85 | 4.46 | 8.05 | 6.80 | 18.26 | 39.48 | 75.73 | 3.22 | 3.51 | 4.15 | 5.15 | 7.35 | 6.63 | 7.06 | 9.35 | 9.18 | 8.35 | 7.54 | 9.26 | 7.04 |
| Total Shareholders' Equity | 21.6M | 21.44M | 23.13M | 14.91M | 34.97M | 37.41M | 37.51M | 37.94M | 40.3M | 39.13M | 38.47M | 36.16M | 34.26M | 30.27M | 29.66M | 25.24M | 24.07M | 20.5M | 20.77M | 14.18M |
| Common Stock | 6.85K | 4.92K | 4.72K | 202.19K | 2.11K | 1.84K | 579 | 145K | 139.35K | 9.46K | 9.43K | 6.44K | 6.07K | 4.31K | 4.27K | 2.93K | 2.9K | 2.72K | 2.72K | 2.18K |
| Retained Earnings | -35.41M | -33.59M | -31.46M | -27.82M | -7.27M | -4.27M | -2.05M | 479.56K | 3.09M | 5.31M | 4.97M | 5.47M | 4.46M | 2.76M | 2.58M | 2.51M | 2.01M | 190.63K | 464.79K | -992.62K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 122.12K | 122.12K | 122.26K | 122.12K | 122.12K | 122.12K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |