FY2025 · ended Apr 30, 2025 · Revenue $869,460, -82.4% YoY · Filed Aug 12, 2025
Netcapital Inc. (NCPL) files with the SEC under industry code 6199, Finance Services. In fiscal 2025, which ended Apr 30, 2025, it reported revenue of $869,460 and a net loss of $28.3 million. As of Jan 31, 2026 it held $715,443 in cash and investments and $3.8 million in total debt.
Revenue (TTM)
$739,504
-9.0% vs year-ago TTM
Net income (TTM)
$-28.13M
-171.5% vs year-ago TTM
Operating cash flow (TTM)
$-8.39M
-41.5% vs year-ago TTM
Free cash flow
—
EPS (TTM)
$-7.23
+36.2% vs year-ago TTM
Dividend per share
None
Shares outstanding
4.72M
-88.4% vs prior year
Net cash
$-3.11M
as of Jan 31, 2026
Operating margin
-1285.0%
FY 2026
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- NCPL (Nasdaq), NCPLW (Nasdaq)
- Fiscal year ends
- April 30
- Incorporated in
- UT
- Headquarters
- Boston, MA
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1414767
- Former names
- ValueSetters Inc. (until Nov 5, 2020); ValueSetters Corp (until Sep 24, 2014)
Other Finance Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Apr 30, 2025 |
FY 2024 Apr 30, 2024 |
FY 2023 Apr 30, 2023 |
FY 2022 Apr 30, 2022 |
FY 2021 Apr 30, 2021 |
|---|---|---|---|---|---|
| Revenue | $869,460 | $5.0M | $8.5M | $5.5M | $4.7M |
| Operating income | -$8.3M | -$3.4M | $2.3M | -$1.0M | -$401,501 |
| Net income | -$28.3M | -$5.0M | $3.0M | $3.5M | $1.5M |
| Diluted EPS | -$20.39 | -$28.83 | $0.63 | $1.27 | $0.89 |
| Operating cash flow | -$5.3M | -$4.9M | -$4.6M | -$3.0M | -$3.3M |
| Total assets | $20.9M | $41.6M | $41.8M | $31.8M | $25.7M |
| Total liabilities | $6.0M | $3.6M | $5.7M | $6.6M | $11.5M |
| Stockholders' equity | $14.9M | $37.9M | $36.2M | $25.2M | $14.2M |
| Cash and investments | $289,428 | $863,182 | $569,441 | $473,925 | — |
| Total debt | $4.1M | $3.8M | $2.3M | $3.6M | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, New debt, Unregistered share sale
|
Oct 20, 2026 | Oct 14, 2026 |
| 8-K |
Current report
Listing notice, Auditor change
|
Oct 14, 2026 | Oct 7, 2026 |
| 8-K |
Current report
Listing notice
|
Sep 25, 2026 | Sep 21, 2026 |
| 8-K |
Current report
Officer or director change
|
Sep 3, 2026 | Aug 27, 2026 |
| 8-K |
Current report
Listing notice
|
Aug 28, 2026 | Aug 24, 2026 |
| 8-K |
Current report
Officer or director change, Other events
|
Aug 25, 2026 | Aug 19, 2026 |
All 378 Netcapital Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.