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Side-by-side financial comparison of Netcapital Inc. (NCPL) and Lottery.com Inc. (SEGG). Click either name above to swap in a different company.
Lottery.com Inc. is the larger business by last-quarter revenue ($137.7K vs $94.3K, roughly 1.5× Netcapital Inc.). Netcapital Inc. runs the higher net margin — -1921.5% vs -3226.2%, a 1304.7% gap on every dollar of revenue. On growth, Lottery.com Inc. posted the faster year-over-year revenue change (-31.4% vs -38.2%). Over the past eight quarters, Netcapital Inc.'s revenue compounded faster (-47.9% CAGR vs -84.1%).
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.
The Lottery Office is an Australian online lottery operator licensed by the Government of the Northern Territory and allows Australians and New Zealanders to play to win from the draws of the largest lotteries in the world, including US Powerball and Mega Millions. Its parent company, Global Players Network Pty Ltd (GPN), has been licensed and regulated to operate lotteries since 2003.
NCPL vs SEGG — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $94.3K | $137.7K |
| Net Profit | $-1.8M | $-4.4M |
| Gross Margin | 98.1% | — |
| Operating Margin | -2304.6% | -3308.9% |
| Net Margin | -1921.5% | -3226.2% |
| Revenue YoY | -38.2% | -31.4% |
| Net Profit YoY | 39.7% | 44.0% |
| EPS (diluted) | $-0.32 | $-1.19 |
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 | $137.7K | ||
| Q2 25 | $404.0K | $191.8K | ||
| Q1 25 | $152.7K | $223.8K | ||
| Q4 24 | $170.5K | $348.8K | ||
| Q3 24 | $142.2K | $200.7K | ||
| Q2 24 | $347.2K | $257.0K |
| Q1 26 | $-1.8M | — | ||
| Q4 25 | $-2.1M | — | ||
| Q3 25 | $-3.6M | $-4.4M | ||
| Q2 25 | $-20.5M | $-3.9M | ||
| Q1 25 | $-3.0M | $-3.3M | ||
| Q4 24 | $-2.2M | — | ||
| Q3 24 | $-2.5M | $-7.9M | ||
| Q2 24 | — | $-5.9M |
| Q1 26 | 98.1% | — | ||
| Q4 25 | 96.3% | — | ||
| Q3 25 | 96.1% | — | ||
| Q2 25 | 99.2% | 15.1% | ||
| Q1 25 | 95.3% | 27.4% | ||
| Q4 24 | 88.4% | 69.8% | ||
| Q3 24 | 92.8% | 57.0% | ||
| Q2 24 | 96.8% | 82.3% |
| Q1 26 | -2304.6% | — | ||
| Q4 25 | -4149.6% | — | ||
| Q3 25 | -1728.8% | -3308.9% | ||
| Q2 25 | -476.0% | -2058.5% | ||
| Q1 25 | -1105.4% | -1554.6% | ||
| Q4 24 | -1291.5% | — | ||
| Q3 24 | -1763.5% | -1824.1% | ||
| Q2 24 | — | -2291.7% |
| Q1 26 | -1921.5% | — | ||
| Q4 25 | -4169.3% | — | ||
| Q3 25 | -1916.3% | -3226.2% | ||
| Q2 25 | -5085.6% | -2022.3% | ||
| Q1 25 | -1969.1% | -1477.1% | ||
| Q4 24 | -1302.1% | — | ||
| Q3 24 | -1776.9% | -3954.0% | ||
| Q2 24 | — | -2288.0% |
| Q1 26 | $-0.32 | — | ||
| Q4 25 | $-0.44 | — | ||
| Q3 25 | $-1.27 | $-1.19 | ||
| Q2 25 | $-11.38 | $-0.13 | ||
| Q1 25 | $-1.57 | $-0.14 | ||
| Q4 24 | $-2.34 | — | ||
| Q3 24 | $-5.10 | $-7.86 | ||
| Q2 24 | — | $-1.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $320.6K |
| Total DebtLower is stronger | $492.4K | — |
| Stockholders' EquityBook value | $21.6M | $32.9M |
| Total Assets | $26.1M | $73.4M |
| Debt / EquityLower = less leverage | 0.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $320.6K | ||
| Q2 25 | — | $262.6K | ||
| Q1 25 | — | $468.7K | ||
| Q4 24 | — | $68.0K | ||
| Q3 24 | — | $60.5K | ||
| Q2 24 | — | $28.0K |
| 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 | $21.4M | — | ||
| Q3 25 | $23.1M | $32.9M | ||
| Q2 25 | $14.9M | $19.8M | ||
| Q1 25 | $35.0M | $19.9M | ||
| Q4 24 | $37.4M | $20.5M | ||
| Q3 24 | $37.5M | $25.7M | ||
| Q2 24 | $37.9M | $30.7M |
| Q1 26 | $26.1M | — | ||
| Q4 25 | $25.4M | — | ||
| Q3 25 | $28.4M | $73.4M | ||
| Q2 25 | $20.9M | $53.1M | ||
| Q1 25 | $39.9M | $53.4M | ||
| Q4 24 | $41.9M | $52.9M | ||
| Q3 24 | $41.4M | $58.4M | ||
| Q2 24 | $41.6M | $62.1M |
| 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 | $-4.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| 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 | $-4.1M | ||
| Q2 25 | $-5.3M | $-3.2M | ||
| Q1 25 | $-1.2M | $924.9K | ||
| Q4 24 | $-1.5M | $-1.5M | ||
| Q3 24 | $-2.0M | $2.4M | ||
| Q2 24 | $-4.9M | $-368.1K |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
