Netcapital Inc. (NCPL)

Netcapital Inc. operates as a fintech company with a technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors in the United States. The company's Netcapital Advisors offers marketing and strategic advice and takes equity positions in select companies. It also provides various services, including an automated onboarding process, filing of required regulatory documents, compliance review, a custom-built offering page on its portal website, email marketing, third-party transfer agent and custodial services, and rolling closes, which provide access to liquidity before the final close date of offerings, as well as assistance with annual filings and direct access to the team for ongoing support. In addition, the company offers advisory services, which include incubation of technology start-ups, investor introductions, online marketing, website design and software development, message crafting including pitch decks, offering pages, and ad creation, strategic advice, and technology consulting services. Netcapital Inc. is based in Boston, Massachusetts.

Symbol: NCPL
Exchange: Nasdaq
Sector: Financial Services
Industry: Capital Markets
Market cap: $9.59M
52 week range: 0.21 - 2.75

Valuation

Share price: $1.40 (close of 2026-10-02)
P/E (TTM): -0.10x
Price to book: 0.44x
Price to free cash flow: -1.14x
Enterprise value: $11.29M
Book value per share: $3.15

Price performance

Period	Change
1 day	-9.68%
5 days	+2.94%
1 month	+35.92%
3 months	+169.23%
6 months	+324.24%
Year to date	+112.12%
1 year	-43.32%
3 years	-95.10%
5 years	-99.79%
10 years	-99.00%
All time	-100.00%

Profitability and growth

Return on equity: -189.87%
Return on invested capital: -48.10%
Return on assets: -135.40%
Return on capital employed: -54.01%
Gross margin: 95.36%
Net margin: -3255.05%
EBITDA margin: -957.07%
Revenue growth: -82.44%
Net income growth: -467.58%
Free cash flow growth: -9.41%

Cash flow and balance sheet

Free cash flow yield (TTM): -87.47%
Current ratio: 0.26x
Net debt to EBITDA: -0.06x

Latest reported year

Period end: 2025-04-30
Fiscal year: 2025
Revenue: $869.46K
Cost of revenue: $40.34K
Gross profit: $829.12K
EBITDA: -$8.32M
Net income: -$28.30M

Income statement by year

Period end	Revenue	Gross profit	Net income
2025-04-30	$869.46K	$829.12K	-$28.30M
2024-04-30	$4.95M	$4.84M	-$4.99M
2023-04-30	$8.49M	$8.41M	$2.95M
2022-04-30	$5.48M	$5.37M	$3.50M
2021-04-30	$4.72M	$3.96M	$1.47M
2020-04-30	$1.75M	$1.74M	$604.85K
2019-04-30	$1.01M	$988.41K	$582.88K
2018-04-30	$111.17K	$87.29K	$131.13K
2017-04-30	$21.51K	$21.51K	-$828.12K
2016-04-30	$44.88K	-$70.99K	-$835.87K

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-04-30	95.36%	-3255.05%	-189.87%	-48.10%
2024-04-30	97.82%	-100.70%	-13.14%	-4.36%
2023-04-30	99.00%	34.79%	8.17%	3.70%
2022-04-30	97.99%	63.92%	13.88%	-3.57%
2021-04-30	83.92%	31.13%	10.37%	-2.07%
2020-04-30	99.37%	34.49%	89.06%	66.50%
2019-04-30	97.51%	57.51%	-67.36%	266.95%
2018-04-30	78.52%	117.95%	-8.84%	-
2017-04-30	100.00%	-3850.29%	31.97%	-
2016-04-30	-158.18%	-1862.55%	46.85%	-1608.16%

Cash and debt by year

Period end	Cash	Debt
2025-04-30	$289.43K	$500.00K
2024-04-30	$863.18K	$500.00K
2023-04-30	$569.44K	$500.00K
2022-04-30	$473.93K	$495.07K
2021-04-30	$2.47M	$2.39M
2020-04-30	$11.21K	-
2019-04-30	$19.11K	-
2018-04-30	$1.66K	-
2017-04-30	$17.45K	-
2016-04-30	$843	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-04-30	-$5.34M	$757.48K
2024-04-30	-$4.88M	$1.32M
2023-04-30	-$4.62M	$269.58K
2022-04-30	-$3.01M	$1.18M
2021-04-30	-$3.25M	$680.61K
2020-04-30	-$3.60K	$356.25K
2019-04-30	$30.56K	$65.15K
2018-04-30	-$50.16K	$130.20K
2017-04-30	-$14.18K	$164.29K
2016-04-30	-$21.73K	$198.90K

Investor relations

Next earnings report

Next confirmed report: 2026-10-05

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-09-28	Jul/2026	-
2026-03-19	Jan/2026	-
2025-12-15	Oct/2025	-
2025-09-22	Jul/2025	-
2025-08-12	Apr/2025	-
2025-03-17	Jan/2025	-
2024-12-16	Oct/2024	$-1.40
2024-09-16	Jul/2024	-

Filings and sources

Company website: netcapitalinc.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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