NCPL
Netcapital Inc
NASDAQ: NCPL · FINANCIAL SERVICES · CAPITAL MARKETS
$0.38
-3.75% today
Updated 2026-04-29
Market cap
$3.11M
P/E ratio
—
P/S ratio
4.20x
EPS (TTM)
$-15.17
Dividend yield
—
52W range
$0 – $9
Volume
0.2M
Netcapital Inc (NCPL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2014 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4679.00 | $93632.00 | $111171.00 | $1.01M | $1.75M | $4.72M | $5.48M | $8.49M | $4.95M | $869460.00 |
| Revenue growth (YoY) | — | +1901.1% | +18.7% | +811.8% | +73.0% | +169.2% | +16.1% | +55.0% | -41.7% | -82.4% |
| Cost of revenue | — | $496924.00 | $23885.00 | $25198.00 | $11105.00 | $759158.00 | $110115.00 | $85038.00 | $108060.00 | $40344.00 |
| Gross profit | $4679.00 | $93632.00 | $87286.00 | $988414.00 | $1.74M | $3.96M | $5.37M | $8.41M | $4.84M | $829116.00 |
| Gross margin | 100.0% | 100.0% | 78.5% | 97.5% | 99.4% | 83.9% | 98.0% | 99.0% | 97.8% | 95.4% |
| R&D | — | — | — | — | — | — | — | — | — | — |
| SG&A | — | — | $270180.00 | $338713.00 | $582368.00 | $4.32M | $6.31M | $6.05M | $7.95M | $5.22M |
| Operating income | $-27985.00 | $-851210.00 | $-192054.00 | $624433.00 | $1.15M | $-401501.00 | $-1.03M | $2.27M | $-3.44M | $-8.28M |
| Operating margin | -598.1% | -909.1% | -172.8% | 61.6% | 65.4% | -8.5% | -18.8% | 26.7% | -69.5% | -952.4% |
| EBITDA | $-27985.00 | $-549043.00 | $200619.00 | $606033.00 | $-703492.00 | $-401501.00 | $4.17M | $4.00M | $-7.19M | $-28.22M |
| EBITDA margin | -598.1% | -586.4% | 180.5% | 59.8% | -40.1% | -8.5% | 76.2% | 47.1% | -145.1% | -3245.4% |
| EBIT | $-27985.00 | $-851210.00 | $193769.00 | $601433.00 | $443730.00 | $-401501.00 | $3.17M | $3.90M | $-7.28M | $-28.25M |
| Interest expense | $18240.00 | $76766.00 | $69490.00 | $19408.00 | $18879.00 | $87333.00 | $126372.00 | $93842.00 | $45990.00 | $48226.00 |
| Income tax | — | $-381060.00 | $69490.00 | $3745.00 | $-180000.00 | $613000.00 | $544000.00 | $854000.00 | $-2.34M | — |
| Effective tax rate | 0.0% | 44.0% | 34.6% | 0.6% | -42.4% | 29.4% | 13.4% | 22.4% | 31.9% | 0.0% |
| Net income | $-27985.00 | $-485668.00 | $131129.00 | $582880.00 | $604851.00 | $1.47M | $3.50M | $2.95M | $-4.99M | $-28.30M |
| Net income growth (YoY) | — | -1635.5% | +127.0% | +344.5% | +3.8% | +143.0% | +138.4% | -15.7% | -268.7% | -467.6% |
| Profit margin | -598.1% | -518.7% | 118.0% | 57.5% | 34.5% | 31.1% | 63.9% | 34.8% | -100.7% | -3255.0% |