Pricing Log in Create free account
Friday 6 November 2026 Export NCPL’s income statement to Excel — free account

Netcapital Inc.

NCPL Financial Capital Markets

Netcapital Inc.’s revenue for fiscal 2025 (year ended April 2025) was $869,500.00, down 82.4% from fiscal 2024.

Revenue
−38.2%
EPS
+79.6%
Free cash flow
+25.3%

Quarter to January 2026, against a year earlier

1.26 0.04 −3.08%
Market cap
$10.2M
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
2/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 62.76%

Capital & Financial Ratios $m

Size
Market Cap 10.21
Revenue ttm 0.74
Net income ttm (28.13)
Free cash flow ttm (8.39)
Net debt Q (0.72)
Valuation
P/E 0.00
Forward P/E —
Price / sales 9.94
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.34
Financial health
Current ratio Q 0.26
Debt / equity Q 0.00
Interest coverage Q (90.22)
Growth
Revenue growth Q −38.24% (below 0%: shrinking)
Operating income growth Q −28.83% (below 0%: shrinking)
EPS, this year +102.72% (at or above 15%: strong)
EPS, next year A +84.51% (at or above 15%: strong)
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 64.42%
10-year low 10-year high
P/B against its own 10 years 57.12%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1 1 0 1
Receivables 1 0 0 0
Inventory — — — —
Other — — — —
3 1 0 1
2023 2024 2025 Q'26
Payables 1 1 3 2
ST’ Debt 0 — — —
Other 2 2 2 2
5 3 5 4

Compound Annual Growth %

10y 5y 3y
Sales 24.97% (13.09%) (45.87%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 85.47% (16.10%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY25 Estimate −1.40 Actual −2.34

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY24 −3.50 −11.19 Miss by 7.69
Q2 FY25 −1.40 −2.34 Miss by 0.94

EPS $

Jul Oct Jan Apr Year
’26 (1.27) (0.44) (0.32) — —
’25 (5.10) (2.34) (1.57) (13.46) (20.39)
’24 (4.90) 2.52 (13.29) (9.10) (28.67)
’23 1.40 2.80 23.08 11.64 44.06
’22 45.46 (7.05) 44.06 9.09 88.81
’21 5.19 5.05 1.48 50.68 62.40
’20 0.00 91.41 100.29 (86.48) 105.22
Fiscal quarters ending in the months shown.

Revenue $m

Jul Oct Jan Apr Year
’26 0 0 0 — —
’25 0 0 0 0 1
’24 2 2 1 0 5
’23 1 2 2 3 8
’22 1 1 2 2 5
’21 2 1 1 1 5
’20 0 1 1 0 2
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jul Oct Jan Apr Year
’26 (4) (3) (1) — —
’25 (2) (1) (1) (1) (5)
’24 (1) 0 (2) (1) (5)
’23 (1) (1) (1) (1) (5)
’22 (1) (1) 0 (1) (3)
’21 (2) 0 (1) (1) (3)
’20 0 0 0 0 0
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jul Oct Jan Apr Year
’26 (4) (3) (1) — —
’25 (2) (1) (1) (1) (5)
’24 (1) 0 (2) (1) (5)
’23 (1) (1) (1) (1) (5)
’22 (1) (1) 0 (1) (3)
’21 (2) 0 (1) (1) (3)
’20 0 0 0 0 0
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to April

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jan ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 0 0 0 1 2 5 5 8 5 1 1 +39.0% — — — —
Gross margin, % (158.13) 100.00 78.51 97.51 99.37 83.92 97.99 99.00 97.82 95.35 98.05 +253.5 pt
EBT (1) (1) 0 1 0 2 4 4 (7) (28) (28) +47.9%
EBT margin, % (1,861.69) (3,851.63) 117.90 57.87 24.23 44.12 73.85 44.84 (147.95) (3,254.89) (3,804.12) (1,393.2) pt
Net income (1) (1) 0 1 1 1 4 3 (5) (28) (28) +47.9%
Per share, $
Per share, $ Revenue 0.01 0.00 0.01 0.10 307.65 263.74 143.85 126.97 28.62 0.63 0.13 +67.0%
Earnings (0.12) (0.11) 0.01 0.06 105.22 82.22 91.61 44.06 (28.67) (20.39) (15.49) +77.7%
Cash flow 0.00 0.00 (0.01) 0.00 (0.63) (181.61) (78.92) (69.02) (28.21) (3.85) (1.49) +121.5%
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow 0.00 0.00 (0.01) 0.00 (0.63) (181.61) (78.92) (69.02) (28.21) (3.85) (1.49) +121.5%
Book value (0.25) (0.35) (0.16) (0.08) 119.16 792.10 662.41 540.46 219.31 10.74 3.85 n/m
Shares, m 7 7 9 11 0 0 0 0 0 1 4 (16.8%)
Valuation, ×
Valuation, × P/E 0.00 0.00 38,888.89 7,636.36 5.32 9.79 6.67 2.07 0.00 0.00 0.00 4,654.9
P/S 22,563.07 47,916.64 45,920.50 4,395.00 1.82 3.05 4.38 0.82 0.54 3.22 9.94 12,080.9
P/B 0.00 0.00 0.00 0.00 4.70 1.02 0.95 0.19 0.07 0.19 0.34 0.7
EV/Sales 22,601.38 47,942.33 45,931.28 4,396.17 2.39 2.74 4.48 0.69 0.36 4.06 — 12,088.6
EV/FCF (46,765.07) (72,251.11) (101,744.19) 145,619.38 (1,165.50) (3.99) (8.17) (1.26) (0.36) (0.66) — (7,632.1)
Cash, $m
Cash, $m Operating cash flow 0 0 0 0 0 (3) (3) (5) (5) (5) (8) +84.4%
Capex — — — — — — — — — — 0 —
Free cash flow 0 0 0 0 0 (3) (3) (5) (5) (5) (8) +84.4%
Balance, $m
Balance, $m Working capital (1) (3) (1) (1) (1) (5) (3) (3) (2) (5) (3) +26.6%
Net debt 2 1 0 1 0 (2) 0 (1) (1) 0 (1) n/m
Shareholders’ equity (2) (3) (1) (1) 1 14 25 36 38 15 22 n/m
Returns, %
Returns, % ROA (82.98) (229.58) 222.02 142.55 41.25 10.52 12.19 8.03 (11.96) (90.62) (85.30) (7.6) pt
ROIC 0.00 0.00 0.00 166.84 104.98 (2.14) (2.60) 3.99 (5.80) (35.58) (28.43) (35.6) pt
ROE 61.19 37.86 (6.43) (49.62) (650.08) 19.78 17.78 9.63 (13.46) (107.11) (99.45) (168.3) pt
People
People Employees — 2 4 4 — — — — 21 20 — +33.4%
Revenue/emp, $m 0.00 0.01 0.03 0.25 0.00 0.00 0.00 0.00 0.24 0.04 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Apr 2025 · latest quarter Jan 2026 · fundamentals updated 26 Oct 2026

Netcapital Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ARBK Argo Blockchain PLC Sponsored ADR $22.5M — (loss-making) — (loss-making) −70.04% (below 0%: shrinking) n/m −128.72% (below 0%: shrinking) (22.79%) (57.47%) Compare
ATCH AtlasClear Holdings, Inc. $19.8M 10.2× — +136.82% (above 0%: growing) n/m −163.33% (below 0%: shrinking) 100.00% (53.57%) Compare
PLUT Plutus Financial Group Limited $18.9M — — — — — — — Compare
TAOX Tao Synergies Inc. $18.9M — (loss-making) — (loss-making) +2,115.00% (above 0%: growing) n/m −16.79% (below 0%: shrinking) 100.00% (1,771.11%) Compare
MDBH MDB Capital Holdings, LLC $15.7M — (loss-making) — +70.95% (above 0%: growing) n/m −21.65% (below 0%: shrinking) 100.00% 1,110.51% Compare
BGDE Mawson Infrastructure Group Inc. $15.1M — (loss-making) — (loss-making) −35.46% (below 0%: shrinking) n/m −56.83% (below 0%: shrinking) 26.14% (102.37%) Compare
NCPL Netcapital Inc. $10.2M — (loss-making) — −38.24% (below 0%: shrinking) n/m +25.34% (above 0%: growing) 98.09% (2,305.73%)
MEGL Magic Empire Global Limited $8.0M — — — — — — — Compare
SOS SOS Limited Unsponsored ADR $7.4M — (loss-making) — (loss-making) −77.34% (below 0%: shrinking) n/m −15,151.10% (below 0%: shrinking) 0.22% 0.00% Compare
Median of peers $17.3M — — +17.75% — −92.77% 63.07% (55.52%)

All 97 Capital Markets stocks →

Pay and ownership Proxy statement filed 14 August 2025

Ownership

Directors and executive officers, together 4.91%
GlobexUS Holdings Corp. 16.45%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Netcapital Inc. (NCPL) Latest News

14 Oct

Impact 3 · · GlobeNewswire

25 Sep

Impact 3 · · GlobeNewswire

12 Aug

Impact 3 ·
Impact 3 · · GlobeNewswire
Impact 3 · · GlobeNewswire

31 Jul

Impact 3 ·

4 Jun

Impact 4 · · GlobeNewswire

28 May

Impact 4 · · GlobeNewswire

8 May

Impact 4 · · GlobeNewswire

22 Apr

Impact 4 · · GlobeNewswire

16 Apr

Impact 4 · · GlobeNewswire

23 Mar

Impact 3 · · GuruFocus.com

19 Mar

Impact 4 · · GlobeNewswire

7 Jan

Impact 4 · · The Motley Fool transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · The Motley Fool transcript
Impact 3 · · Associated Press Finance

6 Jan

Impact 4 · · GlobeNewswire

16 Dec

Impact 4 ·

10 Dec

Impact 4 · · Barchart

9 Dec

Impact 3 · · Associated Press Finance

8 Dec

Impact 4 · · GlobeNewswireCorpGov.comMT NewswiresMT NewswiresdecryptCorpGov.comMT NewswiresMT Newswires
Impact 3 · · GlobeNewswire

2 Dec

Impact 4 · · GlobeNewswireNation's Restaurant News

24 Sep

Impact 4 · · GuruFocus.com

14 Aug

Impact 3 · · GuruFocus.com

17 Jul

Impact 3 ·

16 Jul

Impact 3 · · GlobeNewswire
stockrow.com/NCPL · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com