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MARKETS / NASDAQ / NCPL
NASDAQ · FINANCE SERVICES · SMALL CAP

Netcapital Inc. NCPL

13 fiscal years on record · USD · FY2024 reported · SEC filings only
$869,460
▼ 82.4% YoY
$-28.3M
In brief

What this company does

We give virtually all investors the opportunity to access investments in private companies. We generate fees from listing private companies on our funding portal located at www.netcapital.com. Our consulting group, Netcapital Advisors Inc. (“Netcapital Advisors”), which is a wholly owned subsidiary, provides marketing and strategic advice to companies in exchange for cash fees and previously also received equity positions in certain select portfolio companies. We provide private company investment access to accredited and non-accredited investors through (i) our online portal (www.netcapital.com), which is operated by our wholly owned subsidiaries Netcapital Funding Portal, Inc and (ii) our broker-dealer subsidiary, Netcapital Securities. Netcapital.com is an SEC-registered funding portal that enables private companies to raise capital online, while investors are able to invest from almost anywhere in the world, at any time, with just a few clicks.

Written from the business description in Netcapital Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 August 2025. Every sentence was checked against that document before publication.

Growth
USD 869,460.00
Revenue, FY2024 · full 13-year series below
Revenue $M Net income $M
FY2024 · Revenue 0.9 · Net income -28.3
4M8M-10M-20M2012201420162018202020222024
Compound annual growth
−45.9%
−13.1%
+25.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −13.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−3255 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -957.1% · Net -3255.0%
-1000%-2000%-3000%2012201420162018202020222024
ROE
FY2024 · ROE -107.1%
5%10%15%-50%-100%2012201420162018202020222024

Each USD of equity lost 107 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks

Total assetsUSD 20.9M
EquityUSD 14.9M
CashUSD 289,428.00
Gross debtUSD 2.7M
Net debtUSD 2.4M
Current ratio0.07×

Net debt stands at 16% of equity.

The 13-year record
13 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2024202320222021202020192018201720162015201420132012
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.00.0−0.0−0.00.00.0−0.0−0.0−0.0···
EBITDA $B········−0.0−0.0···
Income tax $B·−0.00.00.00.0−0.0−0.0······
Net income $B−0.0−0.00.00.00.00.00.00.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−20.39−28.830.631.270.891.500.000.000.000.000.000.000.00
Dividend / sh $·············
Payout %·············
ROE %−107.1−13.59.617.819.8········
Shares out B0.000.000.010.000.000.000.750.730.530.510.500.500.50

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 38 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFinance Services
Listed onNASDAQ
Incorporated inUtah
Fiscal year endsApril 30
SEC categorysmaller reporting company
Data on record since2012

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