vs
Side-by-side financial comparison of Nakamoto Inc. (NAKA) and Netcapital Inc. (NCPL). Click either name above to swap in a different company.
Nakamoto Inc. is the larger business by last-quarter revenue ($444.9K vs $94.3K, roughly 4.7× Netcapital Inc.). Nakamoto Inc. runs the higher net margin — 8374.2% vs -1921.5%, a 10295.6% gap on every dollar of revenue. On growth, Nakamoto Inc. posted the faster year-over-year revenue change (-26.3% vs -38.2%). Over the past eight quarters, Nakamoto Inc.'s revenue compounded faster (-26.7% CAGR vs -47.9%).
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.
NAKA vs NCPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $444.9K | $94.3K |
| Net Profit | $37.3M | $-1.8M |
| Gross Margin | — | 98.1% |
| Operating Margin | -41198.2% | -2304.6% |
| Net Margin | 8374.2% | -1921.5% |
| Revenue YoY | -26.3% | -38.2% |
| Net Profit YoY | 3820.2% | 39.7% |
| EPS (diluted) | $0.68 | $-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 | $444.9K | $51.1K | ||
| Q3 25 | $388.2K | $190.1K | ||
| Q2 25 | $408.5K | $404.0K | ||
| Q1 25 | $579.7K | $152.7K | ||
| Q4 24 | $603.9K | $170.5K | ||
| Q3 24 | $647.9K | $142.2K | ||
| Q2 24 | $639.1K | $347.2K |
| Q1 26 | — | $-1.8M | ||
| Q4 25 | $37.3M | $-2.1M | ||
| Q3 25 | $-86.0M | $-3.6M | ||
| Q2 25 | $-2.4M | $-20.5M | ||
| Q1 25 | $-1.0M | $-3.0M | ||
| Q4 24 | $-1.0M | $-2.2M | ||
| Q3 24 | $-1.0M | $-2.5M | ||
| Q2 24 | $-1.3M | — |
| Q1 26 | — | 98.1% | ||
| Q4 25 | — | 96.3% | ||
| Q3 25 | — | 96.1% | ||
| Q2 25 | — | 99.2% | ||
| Q1 25 | — | 95.3% | ||
| Q4 24 | — | 88.4% | ||
| Q3 24 | — | 92.8% | ||
| Q2 24 | — | 96.8% |
| Q1 26 | — | -2304.6% | ||
| Q4 25 | -41198.2% | -4149.6% | ||
| Q3 25 | -2680.4% | -1728.8% | ||
| Q2 25 | -585.4% | -476.0% | ||
| Q1 25 | -179.7% | -1105.4% | ||
| Q4 24 | -169.3% | -1291.5% | ||
| Q3 24 | -162.0% | -1763.5% | ||
| Q2 24 | -162.3% | — |
| Q1 26 | — | -1921.5% | ||
| Q4 25 | 8374.2% | -4169.3% | ||
| Q3 25 | -22162.2% | -1916.3% | ||
| Q2 25 | -590.9% | -5085.6% | ||
| Q1 25 | -179.1% | -1969.1% | ||
| Q4 24 | -165.8% | -1302.1% | ||
| Q3 24 | -156.5% | -1776.9% | ||
| Q2 24 | -206.5% | — |
| Q1 26 | — | $-0.32 | ||
| Q4 25 | $0.68 | $-0.44 | ||
| Q3 25 | $-0.42 | $-1.27 | ||
| Q2 25 | $-0.35 | $-11.38 | ||
| Q1 25 | $-0.17 | $-1.57 | ||
| Q4 24 | $-0.18 | $-2.34 | ||
| Q3 24 | $-0.17 | $-5.10 | ||
| Q2 24 | $-0.26 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.6M | — |
| Total DebtLower is stronger | — | $492.4K |
| Stockholders' EquityBook value | $514.3M | $21.6M |
| Total Assets | $730.6M | $26.1M |
| Debt / EquityLower = less leverage | — | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $22.6M | — | ||
| Q3 25 | $24.2M | — | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $2.3M | — | ||
| Q3 24 | $3.6M | — | ||
| Q2 24 | $4.7M | — |
| Q1 26 | — | $492.4K | ||
| Q4 25 | — | $495.8K | ||
| Q3 25 | — | $500.0K | ||
| Q2 25 | — | $500.0K | ||
| Q1 25 | $64.4K | $500.0K | ||
| Q4 24 | $148.8K | $500.0K | ||
| Q3 24 | $205.6K | $500.0K | ||
| Q2 24 | $254.7K | $500.0K |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $514.3M | $21.4M | ||
| Q3 25 | $477.6M | $23.1M | ||
| Q2 25 | $9.0M | $14.9M | ||
| Q1 25 | $1.5M | $35.0M | ||
| Q4 24 | $2.6M | $37.4M | ||
| Q3 24 | $3.5M | $37.5M | ||
| Q2 24 | $4.4M | $37.9M |
| Q1 26 | — | $26.1M | ||
| Q4 25 | $730.6M | $25.4M | ||
| Q3 25 | $692.4M | $28.4M | ||
| Q2 25 | $9.9M | $20.9M | ||
| Q1 25 | $2.6M | $39.9M | ||
| Q4 24 | $3.7M | $41.9M | ||
| Q3 24 | $4.3M | $41.4M | ||
| Q2 24 | $5.5M | $41.6M |
| Q1 26 | — | 0.02× | ||
| Q4 25 | — | 0.02× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | 0.04× | 0.01× | ||
| Q4 24 | 0.06× | 0.01× | ||
| Q3 24 | 0.06× | 0.01× | ||
| Q2 24 | 0.06× | 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 | $-23.5M | $-868.7K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -0.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-868.7K | ||
| Q4 25 | $-23.5M | $-2.6M | ||
| Q3 25 | $-13.2M | $-4.2M | ||
| Q2 25 | $-1.9M | $-5.3M | ||
| Q1 25 | $-865.1K | $-1.2M | ||
| Q4 24 | $-3.1M | $-1.5M | ||
| Q3 24 | $-1.0M | $-2.0M | ||
| Q2 24 | $-913.5K | $-4.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-3.1M | — | ||
| Q3 24 | $-1.0M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -511.2% | — | ||
| Q3 24 | -161.7% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.63× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
