Netcapital Inc. (NCPL) — Financial statements
Income statement, balance sheet, and cash flow for Netcapital Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 0.87↓82.4% | 5↓41.7% | 8↑55.0% | 5↑16.1% | 5 | |
| Cost of Revenue | 0.04↓62.7% | 0.11↑27.1% | 0.09↓22.8% | 0.11↓85.5% | 0.76 | |
| Gross Profit | 0.83↓82.9% | 5↓42.4% | 8↑56.6% | 5↑35.6% | 4 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 5↓34.4% | 8↑31.4% | 6↓4.0% | 6↑46.0% | 4 | |
| Selling & Marketing Expenses | 0.04↓88.7% | 0.33↑290.5% | 0.09↓10.7% | 0.10↑113.1% | 0.04 | |
| SG&A Expenses | 5↓36.6% | 8↑35.0% | 6↓4.1% | 6↑46.7% | 4 | |
| Other Expenses | 4 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 9↑9.9% | 8↑35.0% | 6↓4.1% | 6↑46.7% | 4 | |
| Total Costs & Expenses | 9↑9.0% | 8↑34.9% | 6↓4.5% | 7↑27.1% | 5 | |
| Operating Results | ||||||
| Operating Income | -8↓140.6% | -3↓251.5% | 2↑320.3% | -1↓156.8% | -0.40 | |
| Depreciation & Amortization | 0.04↓62.2% | 0.09↓2.6% | 0.10 | 0.00 | 0.00 | |
| EBITDA | -28↓292.7% | -7↓279.7% | 4↓4.2% | 4↑92.3% | 2 | |
| EBIT | -28↓288.1% | -7↓286.5% | 4↓6.5% | 4↑92.3% | 2 | |
| Interest & Other Income | ||||||
| Net Interest Income | -0.05↓4.9% | -0.05↑51.0% | -0.09↑25.7% | -0.13↓44.7% | -0.09 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.05↑4.9% | 0.05↓51.0% | 0.09↓25.7% | 0.13↑44.7% | 0.09 | |
| Non-Operating Income | 20↑418.5% | 4↑335.3% | -2↑68.7% | -5↓102.4% | -3 | |
| Other Income / Expenses | -20↓415.6% | -4↓352.6% | 2↓69.7% | 5↑104.4% | 2 | |
| Income Before Tax | -28↓286.3% | -7↓292.3% | 4↓5.9% | 4↑94.3% | 2 | |
| Income Tax Expense | 0.00↑100.0% | -2↓373.9% | 0.85↑57.0% | 0.54↓11.3% | 0.61 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -28↓467.6% | -5↓268.7% | 3↓15.7% | 4↑138.4% | 1 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -28↓467.6% | -5↓268.7% | 3↓15.7% | 4↑138.4% | 1 | |
| Bottom-Line Net Income | -28↓467.6% | -5↓268.7% | 3↓15.7% | 4↑138.4% | 1 | |
| EPS (Basic) | -20.39↑29.0% | -28.70↓165.1% | 44.10↓51.9% | 91.70↑11.0% | 82.60 | |
| EPS (Diluted) | -20.39↑29.0% | -28.70↓165.1% | 44.10↓50.4% | 88.90↑42.7% | 62.30 | |
| Weighted Average Shares | 1↑702.4% | 0.17↓96.3% | 5↑75.4% | 3↑113.3% | 1 | |
| Weighted Average Diluted Shares | 1↑702.4% | 0.17↓96.3% | 5↑70.2% | 3↑66.8% | 2 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.