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Side-by-side financial comparison of ASTROTECH Corp (ASTC) and Netcapital Inc. (NCPL). Click either name above to swap in a different company.
ASTROTECH Corp is the larger business by last-quarter revenue ($148.0K vs $94.3K, roughly 1.6× Netcapital Inc.). Netcapital Inc. runs the higher net margin — -1921.5% vs -2653.4%, a 731.9% gap on every dollar of revenue. On growth, Netcapital Inc. posted the faster year-over-year revenue change (-38.2% vs -43.3%). Over the past eight quarters, ASTROTECH Corp's revenue compounded faster (-40.2% CAGR vs -47.9%).
Astrotech Corporation, formerly Spacehab Inc., is a technology incubator headquartered in Austin, Texas. Astrotech uses technology sourced internally and from research institutions, government laboratories, and universities to fund, manage and sell start-up companies. Astrotech Corporation's subsidiaries provide commercial products and services to NASA, the U.S. Department of Defense, national space agencies, and global commercial customers.
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.
ASTC vs NCPL — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $148.0K | $94.3K |
| Net Profit | $-3.9M | $-1.8M |
| Gross Margin | 5.4% | 98.1% |
| Operating Margin | -2635.8% | -2304.6% |
| Net Margin | -2653.4% | -1921.5% |
| Revenue YoY | -43.3% | -38.2% |
| Net Profit YoY | 2.0% | 39.7% |
| EPS (diluted) | — | $-0.32 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $94.3K | ||
| Q4 25 | $148.0K | $51.1K | ||
| Q3 25 | $297.0K | $190.1K | ||
| Q2 25 | $220.0K | $404.0K | ||
| Q1 25 | $534.0K | $152.7K | ||
| Q4 24 | $261.0K | $170.5K | ||
| Q3 24 | — | $142.2K | ||
| Q2 24 | — | $347.2K |
| Q1 26 | — | $-1.8M | ||
| Q4 25 | $-3.9M | $-2.1M | ||
| Q3 25 | $-3.5M | $-3.6M | ||
| Q2 25 | $-2.9M | $-20.5M | ||
| Q1 25 | $-3.6M | $-3.0M | ||
| Q4 24 | $-4.0M | $-2.2M | ||
| Q3 24 | — | $-2.5M | ||
| Q2 24 | — | — |
| Q1 26 | — | 98.1% | ||
| Q4 25 | 5.4% | 96.3% | ||
| Q3 25 | 63.3% | 96.1% | ||
| Q2 25 | 33.6% | 99.2% | ||
| Q1 25 | 44.4% | 95.3% | ||
| Q4 24 | 59.4% | 88.4% | ||
| Q3 24 | — | 92.8% | ||
| Q2 24 | — | 96.8% |
| Q1 26 | — | -2304.6% | ||
| Q4 25 | -2635.8% | -4149.6% | ||
| Q3 25 | -1190.6% | -1728.8% | ||
| Q2 25 | -1326.4% | -476.0% | ||
| Q1 25 | -724.2% | -1105.4% | ||
| Q4 24 | -1655.6% | -1291.5% | ||
| Q3 24 | — | -1763.5% | ||
| Q2 24 | — | — |
| Q1 26 | — | -1921.5% | ||
| Q4 25 | -2653.4% | -4169.3% | ||
| Q3 25 | -1166.7% | -1916.3% | ||
| Q2 25 | -1331.8% | -5085.6% | ||
| Q1 25 | -680.3% | -1969.1% | ||
| Q4 24 | -1536.0% | -1302.1% | ||
| Q3 24 | — | -1776.9% | ||
| Q2 24 | — | — |
| Q1 26 | — | $-0.32 | ||
| Q4 25 | — | $-0.44 | ||
| Q3 25 | — | $-1.27 | ||
| Q2 25 | — | $-11.38 | ||
| Q1 25 | — | $-1.57 | ||
| Q4 24 | — | $-2.34 | ||
| Q3 24 | — | $-5.10 | ||
| Q2 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.0M | — |
| Total DebtLower is stronger | — | $492.4K |
| Stockholders' EquityBook value | $15.5M | $21.6M |
| Total Assets | $19.7M | $26.1M |
| Debt / EquityLower = less leverage | — | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $7.0M | — | ||
| Q3 25 | $11.3M | — | ||
| Q2 25 | $15.1M | — | ||
| Q1 25 | $18.1M | — | ||
| Q4 24 | $21.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $492.4K | ||
| Q4 25 | — | $495.8K | ||
| Q3 25 | — | $500.0K | ||
| Q2 25 | — | $500.0K | ||
| Q1 25 | — | $500.0K | ||
| Q4 24 | — | $500.0K | ||
| Q3 24 | — | $500.0K | ||
| Q2 24 | — | $500.0K |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $15.5M | $21.4M | ||
| Q3 25 | $19.1M | $23.1M | ||
| Q2 25 | $22.1M | $14.9M | ||
| Q1 25 | $24.8M | $35.0M | ||
| Q4 24 | $28.1M | $37.4M | ||
| Q3 24 | — | $37.5M | ||
| Q2 24 | — | $37.9M |
| Q1 26 | — | $26.1M | ||
| Q4 25 | $19.7M | $25.4M | ||
| Q3 25 | $23.2M | $28.4M | ||
| Q2 25 | $27.0M | $20.9M | ||
| Q1 25 | $27.5M | $39.9M | ||
| Q4 24 | $31.0M | $41.9M | ||
| Q3 24 | — | $41.4M | ||
| Q2 24 | — | $41.6M |
| Q1 26 | — | 0.02× | ||
| Q4 25 | — | 0.02× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.5M | $-868.7K |
| Free Cash FlowOCF − Capex | $-4.0M | — |
| FCF MarginFCF / Revenue | -2671.6% | — |
| Capex IntensityCapex / Revenue | 277.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-14.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-868.7K | ||
| Q4 25 | $-3.5M | $-2.6M | ||
| Q3 25 | $-3.9M | $-4.2M | ||
| Q2 25 | $-2.4M | $-5.3M | ||
| Q1 25 | $-3.9M | $-1.2M | ||
| Q4 24 | $-3.0M | $-1.5M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-4.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-4.0M | — | ||
| Q3 25 | $-4.4M | — | ||
| Q2 25 | $-2.7M | — | ||
| Q1 25 | $-3.9M | — | ||
| Q4 24 | $-3.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | -2671.6% | — | ||
| Q3 25 | -1476.1% | — | ||
| Q2 25 | -1231.4% | — | ||
| Q1 25 | -728.1% | — | ||
| Q4 24 | -1288.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 277.7% | — | ||
| Q3 25 | 150.8% | — | ||
| Q2 25 | 158.2% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 122.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
