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Side-by-side financial comparison of InMode Ltd. (INMD) and Netcapital Inc. (NCPL). Click either name above to swap in a different company.

Netcapital Inc. is the larger business by last-quarter revenue ($94.3K vs $93.2K, roughly 1.0× InMode Ltd.). InMode Ltd. runs the higher net margin — 23.5% vs -1921.5%, a 1944.9% gap on every dollar of revenue.

Mode Media, Inc., was a digital lifestyle media company operating a suite of websites where content was produced by anyone but reviewed by professional editors prior to publishing. In 2013, Mode Media had a valuation of about $1 billion as the company prepped for an IPO. In 2015, Mode Media had grown to over $100 million in revenue, primarily from providing native content, branded video and digital advertising to large brands but had over $100 million in expenses.

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.

INMD vs NCPL — Head-to-Head

Bigger by revenue
NCPL
NCPL
1.0× larger
NCPL
$94.3K
$93.2K
INMD
Higher net margin
INMD
INMD
1944.9% more per $
INMD
23.5%
-1921.5%
NCPL

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
INMD
INMD
NCPL
NCPL
Revenue
$93.2K
$94.3K
Net Profit
$21.9K
$-1.8M
Gross Margin
77.6%
98.1%
Operating Margin
-2304.6%
Net Margin
23.5%
-1921.5%
Revenue YoY
-38.2%
Net Profit YoY
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.

Revenue
INMD
INMD
NCPL
NCPL
Q1 26
$94.3K
Q4 25
$51.1K
Q3 25
$93.2K
$190.1K
Q2 25
$95.6K
$404.0K
Q1 25
$77.9K
$152.7K
Q4 24
$170.5K
Q3 24
$130.2K
$142.2K
Q2 24
$86.4K
$347.2K
Net Profit
INMD
INMD
NCPL
NCPL
Q1 26
$-1.8M
Q4 25
$-2.1M
Q3 25
$21.9K
$-3.6M
Q2 25
$26.7K
$-20.5M
Q1 25
$18.2K
$-3.0M
Q4 24
$-2.2M
Q3 24
$51.0K
$-2.5M
Q2 24
$23.8K
Gross Margin
INMD
INMD
NCPL
NCPL
Q1 26
98.1%
Q4 25
96.3%
Q3 25
77.6%
96.1%
Q2 25
80.0%
99.2%
Q1 25
78.2%
95.3%
Q4 24
88.4%
Q3 24
81.5%
92.8%
Q2 24
80.2%
96.8%
Operating Margin
INMD
INMD
NCPL
NCPL
Q1 26
-2304.6%
Q4 25
-4149.6%
Q3 25
-1728.8%
Q2 25
-476.0%
Q1 25
-1105.4%
Q4 24
-1291.5%
Q3 24
-1763.5%
Q2 24
Net Margin
INMD
INMD
NCPL
NCPL
Q1 26
-1921.5%
Q4 25
-4169.3%
Q3 25
23.5%
-1916.3%
Q2 25
28.0%
-5085.6%
Q1 25
23.4%
-1969.1%
Q4 24
-1302.1%
Q3 24
39.2%
-1776.9%
Q2 24
27.6%
EPS (diluted)
INMD
INMD
NCPL
NCPL
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
INMD
INMD
NCPL
NCPL
Cash + ST InvestmentsLiquidity on hand
$155.3K
Total DebtLower is stronger
$492.4K
Stockholders' EquityBook value
$703.8K
$21.6M
Total Assets
$785.7K
$26.1M
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INMD
INMD
NCPL
NCPL
Q1 26
Q4 25
Q3 25
$155.3K
Q2 25
$155.3K
Q1 25
$155.3K
Q4 24
Q3 24
$144.4K
Q2 24
$144.4K
Total Debt
INMD
INMD
NCPL
NCPL
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
Stockholders' Equity
INMD
INMD
NCPL
NCPL
Q1 26
$21.6M
Q4 25
$21.4M
Q3 25
$703.8K
$23.1M
Q2 25
$703.8K
$14.9M
Q1 25
$703.8K
$35.0M
Q4 24
$37.4M
Q3 24
$787.4K
$37.5M
Q2 24
$787.4K
$37.9M
Total Assets
INMD
INMD
NCPL
NCPL
Q1 26
$26.1M
Q4 25
$25.4M
Q3 25
$785.7K
$28.4M
Q2 25
$785.7K
$20.9M
Q1 25
$785.7K
$39.9M
Q4 24
$41.9M
Q3 24
$863.3K
$41.4M
Q2 24
$863.3K
$41.6M
Debt / Equity
INMD
INMD
NCPL
NCPL
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
INMD
INMD
NCPL
NCPL
Operating Cash FlowLast quarter
$24.5K
$-868.7K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.12×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INMD
INMD
NCPL
NCPL
Q1 26
$-868.7K
Q4 25
$-2.6M
Q3 25
$24.5K
$-4.2M
Q2 25
$24.1K
$-5.3M
Q1 25
$14.0K
$-1.2M
Q4 24
$-1.5M
Q3 24
$34.0K
$-2.0M
Q2 24
$42.1K
$-4.9M
Cash Conversion
INMD
INMD
NCPL
NCPL
Q1 26
Q4 25
Q3 25
1.12×
Q2 25
0.90×
Q1 25
0.77×
Q4 24
Q3 24
0.67×
Q2 24
1.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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