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Side-by-side financial comparison of Netcapital Inc. (NCPL) and New ERA Energy & Digital, Inc. (NUAI). Click either name above to swap in a different company.
New ERA Energy & Digital, Inc. is the larger business by last-quarter revenue ($159.4K vs $94.3K, roughly 1.7× Netcapital Inc.). Netcapital Inc. runs the higher net margin — -1921.5% vs -3627.8%, a 1706.4% gap on every dollar of revenue.
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 vs NUAI — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $94.3K | $159.4K |
| Net Profit | $-1.8M | $-5.8M |
| Gross Margin | 98.1% | — |
| Operating Margin | -2304.6% | -2637.1% |
| Net Margin | -1921.5% | -3627.8% |
| Revenue YoY | -38.2% | — |
| Net Profit YoY | 39.7% | — |
| EPS (diluted) | $-0.32 | $-0.20 |
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 | $51.1K | — | ||
| Q3 25 | $190.1K | $159.4K | ||
| Q2 25 | $404.0K | $209.1K | ||
| Q1 25 | $152.7K | $326.5K | ||
| Q4 24 | $170.5K | — | ||
| Q3 24 | $142.2K | — | ||
| Q2 24 | $347.2K | — |
| Q1 26 | $-1.8M | — | ||
| Q4 25 | $-2.1M | — | ||
| Q3 25 | $-3.6M | $-5.8M | ||
| Q2 25 | $-20.5M | $-3.6M | ||
| Q1 25 | $-3.0M | $-3.3M | ||
| Q4 24 | $-2.2M | — | ||
| Q3 24 | $-2.5M | — | ||
| Q2 24 | — | — |
| 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 | -4149.6% | — | ||
| Q3 25 | -1728.8% | -2637.1% | ||
| Q2 25 | -476.0% | -891.3% | ||
| Q1 25 | -1105.4% | -633.8% | ||
| Q4 24 | -1291.5% | — | ||
| Q3 24 | -1763.5% | — | ||
| Q2 24 | — | — |
| Q1 26 | -1921.5% | — | ||
| Q4 25 | -4169.3% | — | ||
| Q3 25 | -1916.3% | -3627.8% | ||
| Q2 25 | -5085.6% | -1724.4% | ||
| Q1 25 | -1969.1% | -1017.1% | ||
| Q4 24 | -1302.1% | — | ||
| Q3 24 | -1776.9% | — | ||
| Q2 24 | — | — |
| Q1 26 | $-0.32 | — | ||
| Q4 25 | $-0.44 | — | ||
| Q3 25 | $-1.27 | $-0.20 | ||
| Q2 25 | $-11.38 | $-0.21 | ||
| Q1 25 | $-1.57 | $-0.24 | ||
| 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 | — | $14.2M |
| Total DebtLower is stronger | $492.4K | — |
| Stockholders' EquityBook value | $21.6M | $12.9M |
| Total Assets | $26.1M | $23.4M |
| Debt / EquityLower = less leverage | 0.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $14.2M | ||
| Q2 25 | — | $5.2M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $492.4K | — | ||
| Q4 25 | $495.8K | — | ||
| Q3 25 | $500.0K | — | ||
| Q2 25 | $500.0K | — | ||
| Q1 25 | $500.0K | $6.7M | ||
| Q4 24 | $500.0K | — | ||
| Q3 24 | $500.0K | — | ||
| Q2 24 | $500.0K | — |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $21.4M | — | ||
| Q3 25 | $23.1M | $12.9M | ||
| Q2 25 | $14.9M | $-137.4K | ||
| Q1 25 | $35.0M | $-2.7M | ||
| Q4 24 | $37.4M | — | ||
| Q3 24 | $37.5M | — | ||
| Q2 24 | $37.9M | — |
| Q1 26 | $26.1M | — | ||
| Q4 25 | $25.4M | — | ||
| Q3 25 | $28.4M | $23.4M | ||
| Q2 25 | $20.9M | $13.8M | ||
| Q1 25 | $39.9M | $9.9M | ||
| Q4 24 | $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 | $-868.7K | $-2.5M |
| Free Cash FlowOCF − Capex | — | $-3.0M |
| FCF MarginFCF / Revenue | — | -1875.8% |
| Capex IntensityCapex / Revenue | — | 306.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-868.7K | — | ||
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-4.2M | $-2.5M | ||
| Q2 25 | $-5.3M | $-1.8M | ||
| Q1 25 | $-1.2M | $-2.8M | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $-2.0M | — | ||
| Q2 24 | $-4.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-3.0M | ||
| Q2 25 | — | $-2.0M | ||
| Q1 25 | — | $-3.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -1875.8% | ||
| Q2 25 | — | -944.1% | ||
| Q1 25 | — | -1074.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 306.4% | ||
| Q2 25 | — | 59.8% | ||
| Q1 25 | — | 207.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
