Netcapital Inc.NCPLEarnings & Financial Report
Netcapital Inc. runs a U.S.-focused digital private capital markets platform that connects growth-seeking early startups, small and medium private businesses with accredited and non-accredited individual investors, providing fundraising support for issuers and accessible alternative investment options for platform users.
NCPL Q3 FY2026 Key Financial Metrics
Revenue
$94.3K
Gross Profit
$92.5K
Operating Profit
$-2.2M
Net Profit
$-1.8M
Gross Margin
98.1%
Operating Margin
-2304.6%
Net Margin
-1921.5%
YoY Growth
-38.2%
EPS
$-0.32
Netcapital Inc. Q3 FY2026 Financial Summary
Netcapital Inc. reported revenue of $94.3K (down 38.2% YoY) for Q3 FY2026, with a net profit of $-1.8M (up 39.7% YoY) (-1921.5% margin). Cost of goods sold was $1.8K, operating expenses totaled $2.3M.
Key Financial Metrics
| Total Revenue | $94.3K |
|---|---|
| Net Profit | $-1.8M |
| Gross Margin | 98.1% |
| Operating Margin | -2304.6% |
| Report Period | Q3 FY2026 |
Netcapital Inc. Annual Revenue by Year
Netcapital Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $869.5K).
Netcapital Inc. Quarterly Revenue & Net Profit History
Netcapital Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $94.3K | -38.2% | $-1.8M | -1921.5% |
| Q2 FY2026 | $51.1K | -70.0% | $-2.1M | -4169.3% |
| Q1 FY2026 | $190.1K | +33.6% | $-3.6M | -1916.3% |
| Q4 FY2025 | $404.0K | +16.4% | $-20.5M | -5085.6% |
| Q3 FY2025 | $152.7K | -85.4% | $-3.0M | -1969.1% |
| Q2 FY2025 | $170.5K | -91.6% | $-2.2M | -1302.1% |
| Q1 FY2025 | $142.2K | -90.6% | $-2.5M | -1776.9% |
| Q4 FY2024 | $347.2K | -88.9% | N/A | N/A |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $347175 | $142227 | $170528 | $152682 | $404023 | $190058 | $51076 | $94347 |
| YoY Growth | -88.9% | -90.6% | -91.6% | -85.4% | 16.4% | 33.6% | -70.0% | -38.2% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $41.6M | $41.4M | $41.9M | $39.9M | $20.9M | $28.4M | $25.4M | $26.1M |
| Liabilities | $3.6M | $3.9M | $4.5M | $4.9M | $6.0M | $5.3M | $4.0M | $4.5M |
| Equity | $37.9M | $37.5M | $37.4M | $35.0M | $14.9M | $23.1M | $21.4M | $21.6M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-4.9M | $-2.0M | $-1.5M | $-1.2M | $-5.3M | $-4.2M | $-2.6M | $-868745 |