Netcapital Inc (NCPL)

Name: Netcapital Inc Financial Statements
Creator: Quarter Results

Financial Services | Financial Capital Markets

Latest reporting period: 2026-01-31

Latest Quarter

2026-01-31

Revenue

$94.3K

Net Income

-$1.8M

Operating Margin

-2,415.1%

Free Cash Flow

-$5.3M

Debt / Assets

28.7%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Netcapital Inc (NCPL).
Income Statement (Quarterly)	2026-01-31	2025-10-31	2025-07-31	2025-01-31
Revenue	94,347	51,076	190,058	152,682
Cost of Revenue	110,419	1,877	7,409	7,155
Gross Profit	-16,072	49,199	182,649	145,527
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	879,529	1,202,288	1,579,944	934,462
Operating Expenses	2,265,036	2,166,779	3,460,888	1,826,064
Operating Income	-2,278,583	-2,119,457	-3,278,239	-1,687,692
Interest Expense	24,076	-12,204	36,067	10,376
Income Before Tax	-1,812,844	-2,129,489	-3,642,052	-3,006,537
Income Tax Expense	0	0	0	0
Net Income	-1,812,844	-2,129,489	-3,642,052	-3,006,537
Per Share
EPS	-0.32	-0.44	-1.27	-1.57
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Netcapital Inc (NCPL).
Income Statement (Annual)	2025-04-30	2024-04-30	2023-07-31	2023-04-30	2022-07-31
Revenue	869,460	4,951,435	8,493,985	8,493,985	5,480,835
Cost of Revenue	40,344	108,060	85,038	85,038	110,115
Gross Profit	829,116	4,843,375	8,408,947	8,408,947	5,370,720
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	5,253,752	8,285,763	6,137,071	6,137,071	6,401,866
Operating Expenses	9,110,089	8,285,763	6,233,478	6,233,478	6,401,866
Operating Income	-8,280,973	-3,442,388	2,271,876	2,271,876	-1,031,146
Interest Expense	48,226	45,990	93,842	93,842	126,372
Income Before Tax	-28,301,325	-7,325,605	3,808,972	3,808,972	4,047,530
Income Tax Expense	0	-2,339,288	854,000	854,000	544,000
Net Income	-28,301,325	-4,986,317	2,398,840	2,954,972	3,503,530
Per Share
EPS	-20.39	-28.70	0.63	0.63	1.31
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Netcapital Inc (NCPL).
Balance Sheet (Quarterly)	2025-04-30	2024-04-30	2023-04-30	2022-04-30
Assets
Cash and Cash Equivalents	289,428	863,182	569,441	473,925
Short Term Investments	0	0	0	0
Net Receivables	78,649	156,049	1,388,500	2,434,568
Inventory	0	0	1	0
Total Current Assets	399,612	1,042,535	2,540,971	2,914,187
Property Plant Equipment	0	0	0	15,536,704
Goodwill and Intangibles	14,697,529	14,733,005	15,875,297	15,536,704
Total Assets	20,901,491	41,557,306	41,820,093	31,760,524
Liabilities
Account Payables	2,941,108	793,325	653,535	914,585
Short Term Debt	2,183,561	1,920,124	2,285,124	3,647,911
Total Current Liabilities	5,495,767	3,116,698	5,163,641	6,027,590
Long Term Debt	500,000	500,000	500,000	495,073
Total Liabilities	5,995,767	3,616,698	5,663,641	6,522,663
Shareholders Equity
Retained Earnings	-27,821,762	479,563	5,465,880	2,510,908
Total Shareholders Equity	14,905,724	37,940,608	36,156,452	25,237,861

Balance sheet annual history for Netcapital Inc (NCPL).
Balance Sheet (Annual)	2025-04-30	2024-04-30	2023-04-30	2022-04-30	2021-04-30
Assets
Cash and Cash Equivalents	289,428	863,182	569,441	473,925	2,473,959
Short Term Investments	0	0	0	0	0
Net Receivables	78,649	156,049	1,388,500	2,434,568	1,356,932
Inventory	0	0	1	0	0
Total Current Assets	399,612	1,042,535	2,540,971	2,914,187	4,484,752
Property Plant Equipment	0	0	0	15,536,704	0
Goodwill and Intangibles	14,697,529	14,733,005	15,875,297	15,536,704	0
Total Assets	20,901,491	41,557,306	41,820,093	31,760,524	25,715,928
Liabilities
Account Payables	2,941,108	793,325	653,535	914,585	4,152,192
Short Term Debt	2,183,561	1,920,124	2,285,124	3,647,911	2,942,984
Total Current Liabilities	5,495,767	3,116,698	5,163,641	6,027,590	9,151,585
Long Term Debt	500,000	500,000	500,000	495,073	2,385,800
Total Liabilities	5,995,767	3,616,698	5,663,641	6,522,663	11,537,385
Shareholders Equity
Retained Earnings	-27,821,762	479,563	5,465,880	2,510,908	-992,622
Total Shareholders Equity	14,905,724	37,940,608	36,156,452	25,237,861	14,178,543

Cash flow quarterly history for Netcapital Inc (NCPL).
Cash Flow Statement (Quarterly)	2025-04-30	2024-04-30	2023-07-31	2023-04-30
Operating Activities
Net Income	-28,301,325	-4,986,317	2,954,972	2,954,972
Depreciation & Amortization	35,476	93,862	96,407	96,407
Stock Based Compensation	757,484	1,324,917	269,577	269,577
Change in Working Capital	2,158,267	-239,666	1,162,101	1,162,101
Operating Cash Flow	-5,339,211	-4,879,838	-4,617,200	-4,617,200
Investing Activities
Capital Expenditure	0	0	0	0
Investments	0	0	0	0
Investing Cash Flow	0	-20,000	200,000	200,000
Financing Activities
Debt Repayment	256,500	-350,000	-1,057,860	-1,057,860
Common Stock Issued/Repurchased	4,508,957	5,538,611	6,005,576	6,005,576
Dividends Paid	0	0	-1,057,860	0
Financing Cash Flow	4,765,457	5,193,579	4,512,716	4,512,716
Summary
Free Cash Flow	-5,339,211	-4,879,838	-4,617,200	-4,617,200
Net Change in Cash	-573,754	293,741	95,516	95,516

Cash flow annual history for Netcapital Inc (NCPL).
Cash Flow Statement (Annual)	2025-04-30	2024-04-30	2023-07-31	2023-04-30	2022-07-31
Operating Activities
Net Income	-28,301,325	-4,986,317	2,954,972	2,954,972	3,503,530
Depreciation & Amortization	35,476	93,862	96,407	96,407	0
Stock Based Compensation	757,484	1,324,917	269,577	269,577	1,176,058
Change in Working Capital	2,158,267	-239,666	1,162,101	1,162,101	-739,338
Operating Cash Flow	-5,339,211	-4,879,838	-4,617,200	-4,617,200	-3,006,667
Investing Activities
Capital Expenditure	0	0	0	0	0
Investments	0	0	0	0	0
Investing Cash Flow	0	-20,000	200,000	200,000	-319,166
Financing Activities
Debt Repayment	256,500	-350,000	-1,057,860	-1,057,860	0
Common Stock Issued/Repurchased	4,508,957	5,538,611	6,005,576	6,005,576	0
Dividends Paid	0	0	-1,057,860	0	0
Financing Cash Flow	4,765,457	5,193,579	4,512,716	4,512,716	1,325,799
Summary
Free Cash Flow	-5,339,211	-4,879,838	-4,617,200	-4,617,200	-3,006,667
Net Change in Cash	-573,754	293,741	95,516	95,516	-2,000,034