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Side-by-side financial comparison of Netcapital Inc. (NCPL) and PureTech Health plc (PRTC). Click either name above to swap in a different company.

PureTech Health plc is the larger business by last-quarter revenue ($180.0K vs $94.3K, roughly 1.9× Netcapital Inc.). Netcapital Inc. runs the higher net margin — -1921.5% vs -22820.6%, a 20899.1% 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.

PureTech Health is an American biotechnology company which develops medicines to combat serious diseases. It is listed on the London Stock Exchange.

NCPL vs PRTC — Head-to-Head

Bigger by revenue
PRTC
PRTC
1.9× larger
PRTC
$180.0K
$94.3K
NCPL
Higher net margin
NCPL
NCPL
20899.1% more per $
NCPL
-1921.5%
-22820.6%
PRTC

Income Statement — Q3 FY2026 vs Q4 FY2023

Metric
NCPL
NCPL
PRTC
PRTC
Revenue
$94.3K
$180.0K
Net Profit
$-1.8M
$-41.1M
Gross Margin
98.1%
Operating Margin
-2304.6%
-38908.9%
Net Margin
-1921.5%
-22820.6%
Revenue YoY
-38.2%
Net Profit YoY
39.7%
EPS (diluted)
$-0.32
$-0.15

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
NCPL
NCPL
PRTC
PRTC
Q1 26
$94.3K
Q4 25
$51.1K
Q3 25
$190.1K
Q2 25
$404.0K
Q1 25
$152.7K
Q4 24
$170.5K
Q3 24
$142.2K
Q2 24
$347.2K
Net Profit
NCPL
NCPL
PRTC
PRTC
Q1 26
$-1.8M
Q4 25
$-2.1M
Q3 25
$-3.6M
Q2 25
$-20.5M
Q1 25
$-3.0M
Q4 24
$-2.2M
Q3 24
$-2.5M
Q2 24
Gross Margin
NCPL
NCPL
PRTC
PRTC
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%
Operating Margin
NCPL
NCPL
PRTC
PRTC
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
NCPL
NCPL
PRTC
PRTC
Q1 26
-1921.5%
Q4 25
-4169.3%
Q3 25
-1916.3%
Q2 25
-5085.6%
Q1 25
-1969.1%
Q4 24
-1302.1%
Q3 24
-1776.9%
Q2 24
EPS (diluted)
NCPL
NCPL
PRTC
PRTC
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
NCPL
NCPL
PRTC
PRTC
Cash + ST InvestmentsLiquidity on hand
$191.1M
Total DebtLower is stronger
$492.4K
$0
Stockholders' EquityBook value
$21.6M
$458.2M
Total Assets
$26.1M
$694.0M
Debt / EquityLower = less leverage
0.02×
0.00×

8-quarter trend — quarters aligned by calendar period.

Total Debt
NCPL
NCPL
PRTC
PRTC
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
NCPL
NCPL
PRTC
PRTC
Q1 26
$21.6M
Q4 25
$21.4M
Q3 25
$23.1M
Q2 25
$14.9M
Q1 25
$35.0M
Q4 24
$37.4M
Q3 24
$37.5M
Q2 24
$37.9M
Total Assets
NCPL
NCPL
PRTC
PRTC
Q1 26
$26.1M
Q4 25
$25.4M
Q3 25
$28.4M
Q2 25
$20.9M
Q1 25
$39.9M
Q4 24
$41.9M
Q3 24
$41.4M
Q2 24
$41.6M
Debt / Equity
NCPL
NCPL
PRTC
PRTC
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
NCPL
NCPL
PRTC
PRTC
Operating Cash FlowLast quarter
$-868.7K
$-40.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NCPL
NCPL
PRTC
PRTC
Q1 26
$-868.7K
Q4 25
$-2.6M
Q3 25
$-4.2M
Q2 25
$-5.3M
Q1 25
$-1.2M
Q4 24
$-1.5M
Q3 24
$-2.0M
Q2 24
$-4.9M

Financial Flow Comparison

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

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