Financial Services · Financial - Capital Markets
Price
$0.53
Market Cap
$2.6M
Employees
21
Beta
1.56
Avg Volume
3,694,945
CEO
Todd Violette
Business Description
Netcapital Inc. is a financial technology firm primarily known for its SEC-registered funding platform, Netcapital.com. This online portal facilitates capital raising for private enterprises while simultaneously providing a global investment avenue for individuals. Beyond its core platform, the company offers an extensive suite of support services. These encompass streamlined, automated onboarding, systematic handling of essential regulatory submissions, thorough compliance checks, and the creation of bespoke offering pages on its website. Netcapital.com also arranges for third-party transfer agency and custodial services. It actively promotes offerings through email marketing to its exclusive investor network and incorporates 'rolling closes,' allowing earlier liquidity access prior to an offering's official conclusion. Further assistance includes annual filing support and continuous operational guidance. Moreover, Netcapital Inc. extends its expertise through a range of advisory offerings. These services include fostering nascent technology startups, connecting companies with potential investors, and providing digital marketing solutions. They also cover website and software development, comprehensive message formulation (from pitch decks to advertising content), strategic business guidance, and specialized technology consulting. The firm additionally conducts various financial assessments and evaluations. Its offerings in this domain include business valuation reports, opinions on fairness and solvency, feasibility studies and valuations for Employee Stock Ownership Plans (ESOPs), assessments for non-cash charitable donations, economic analysis related to damages, intellectual property appraisals, and analyses of compensation structures. Established in 1984 and headquartered in Boston, Massachusetts, Netcapital Inc. operates as a subsidiary of NetCapital Systems LLC.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.03
Stock Price: $0.53
EPS (Diluted): -20.39
EPS (Diluted): -20.39
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.19
Stock Price: $0.53
Total Equity: $14.91M
Shares: 1,387,666
Total Equity: $14.91M
Shares: 1,387,666
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-0.16
Market Cap: $2.58M
Total Debt: $2.68M
Cash: $289,428
EBITDA: -$28.22M
Total Debt: $2.68M
Cash: $289,428
EBITDA: -$28.22M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$5.2M
Market Cap: $2.58M
Total Debt: $2.68M
Cash: $289,428
Total Debt: $2.68M
Cash: $289,428
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
3.19
Stock Price: $0.53
Revenue: $869,460
Shares: 1,387,666
Revenue: $869,460
Shares: 1,387,666
EV/Sales (Total value vs revenue — works when P/E can't)
API5.95
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
95.4%
Gross Profit: $829,116
Revenue: $869,460
Revenue: $869,460
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-952.4%
Operating Income: -$8.28M
Revenue: $869,460
Revenue: $869,460
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-3,255.0%
Net Income: -$28.30M
Revenue: $869,460
Revenue: $869,460
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-138.8%
Net Income: -$28.30M
Total Equity: $14.91M
Total Equity: $14.91M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-40.0%
Operating Income: -$8.28M
Tax Rate: 0.0%
Equity: $14.91M
Total Debt: $2.68M
Cash: $289,428
Tax Rate: 0.0%
Equity: $14.91M
Total Debt: $2.68M
Cash: $289,428
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.07
Current Assets: $399,612
Current Liabilities: $5.50M
Current Liabilities: $5.50M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.18
Short-Term Debt: $2.18M
Long-Term Debt: $500,000
Total Debt: $2.68M
Total Equity: $14.91M
Long-Term Debt: $500,000
Total Debt: $2.68M
Total Equity: $14.91M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.63
Revenue: $869,460
Shares: 1,387,666
Shares: 1,387,666
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$10.74
Total Equity: $14.91M
Shares: 1,387,666
Shares: 1,387,666
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-3.85
Operating CF: -$5.34M
CapEx: $0.00
Shares: 1,387,666
CapEx: $0.00
Shares: 1,387,666
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $0.53
Stock Price: $0.53
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$28.30M
Net Income: -$28.30M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares NCPL against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 5:16am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.7M | $5.5M | $8.5M | $5.0M | $869,460 |
| Cost of Revenue | $759,158 | $110,115 | $85,038 | $108,060 | $40,344 |
| Gross Profit | $4.0M | $5.4M | $8.4M | $4.8M | $829,116 |
| Operating Expenses | $4.4M | $6.4M | $6.1M | $8.3M | $9.1M |
| Operating Income | $-401,501 | -$1.0M | $2.3M | -$3.4M | -$8.3M |
| Net Income | $1.5M | $3.5M | $3.0M | -$5.0M | -$28.3M |
| EBITDA | $2.2M | $4.2M | $4.0M | -$7.2M | -$28.2M |
| EPS | $82.60 | $91.70 | $44.10 | $-28.70 | $-20.39 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 5:16am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.5M | $473,925 | $569,441 | $863,182 | $289,428 |
| Total Current Assets | $4.5M | $2.9M | $2.5M | $1.0M | $399,612 |
| Total Assets | $25.7M | $31.8M | $41.8M | $41.6M | $20.9M |
| Current Liabilities | $9.2M | $6.0M | $5.2M | $3.1M | $5.5M |
| Long-Term Debt | $2.4M | $495,073 | $500,000 | $500,000 | $500,000 |
| Total Liabilities | $11.5M | $6.5M | $5.7M | $3.6M | $6.0M |
| Total Equity | $14.2M | $25.2M | $36.2M | $37.9M | $14.9M |
| Retained Earnings | $-992,622 | $2.5M | $5.5M | $479,563 | -$27.8M |
Cash Flow (Annual)
Last updated: Jun 24, 2026 5:16am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$3.3M | -$3.0M | -$4.6M | -$4.9M | -$5.3M |
| Capital Expenditure | $0 | $-3 | $0 | $0 | $0 |
| Free Cash Flow | -$3.3M | -$3.0M | -$4.6M | -$4.9M | -$5.3M |
| Acquisitions (net) | $242,025 | $-117,166 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $2.5M | -$2.0M | $95,516 | $293,741 | $-573,754 |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 10:12am (23h ago)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue |
$7.9M $7.9M – $7.9M
|
$5.7M $5.7M – $5.7M
|
$3.6M $3.6M – $3.6M
|
$7.2M $7.2M – $7.2M
|
| EBITDA |
$-485,928 $-485,928 – $-485,928
|
$-351,095 $-351,095 – $-351,095
|
$-219,280 $-219,280 – $-219,280
|
$-440,409 $-440,409 – $-440,409
|
| Net Income |
$50.5M $50.5M – $50.5M
|
-$26.2M -$26.2M – -$26.2M
|
-$10.6M -$10.6M – -$10.6M
|
-$1.6M -$1.6M – -$1.6M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 5:16am (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +16.1% | +55.0% | -41.7% | -82.4% |
| Gross Profit Growth | +35.6% | +56.6% | -42.4% | -82.9% |
| Operating Income Growth | -156.8% | +320.3% | -251.5% | -140.6% |
| Net Income Growth | +138.4% | -15.7% | -268.7% | -467.6% |
| EBITDA Growth | +92.3% | -4.2% | -279.7% | -292.7% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 9:44am (20m ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-13 | Violette Todd A | 0.00 | $0.00 | $0 | |
| 2025-06-26 | GlobexUS Holdings Corp. | 0.00 | $0.00 | $0 | |
| 2024-04-24 | Geary Steven F | P-Purchase | 239,274.00 | $0.13 | $31,680 |
| 2023-04-25 | Geary Steven F | A-Award | 20,000.00 | $1.40 | $28,000 |
| 2023-04-25 | Lenk Cecilia | A-Award | 20,000.00 | $1.40 | $28,000 |
| 2023-04-25 | Liss Avi | A-Award | 20,000.00 | $1.40 | $28,000 |
| 2023-04-25 | Scott Arnold | A-Award | 20,000.00 | $1.40 | $28,000 |
| 2023-01-03 | Kay Martin Robert | A-Award | 1,000,000.00 | $0.00 | $0 |
| 2023-01-03 | Kraysler Coreen Sarah | A-Award | 200,000.00 | $0.00 | $0 |
| 2022-12-08 | Scott Arnold | 0.00 | $0.00 | $0 | |
| 2022-02-10 | Geary Steven F | A-Award | 5,000.00 | $10.50 | $52,500 |
| 2013-11-02 | Geary Steven F | 0.00 | $0.00 | $0 | |
| 2022-05-15 | Kay Martin Robert | 0.00 | $0.00 | $0 | |
| 2022-02-10 | Liss Avi | A-Award | 5,000.00 | $10.50 | $52,500 |
| 2013-11-02 | Liss Avi | 0.00 | $0.00 | $0 | |
| 2022-02-10 | Lenk Cecilia | A-Award | 30,000.00 | $10.50 | $315,000 |
| 2022-02-10 | Kraysler Coreen Sarah | A-Award | 20,000.00 | $10.50 | $210,000 |
| 2021-01-31 | Murko Carole Lisa | 0.00 | $0.00 | $0 | |
| 2019-09-09 | Lenk Cecilia | A-Award | 25,000,000.00 | $0.01 | $300,000 |
| 2019-09-09 | Kraysler Coreen Sarah | A-Award | 25,000,000.00 | $0.01 | $300,000 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for NCPL — it's generated by the pipeline (
market-narrative step).
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Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30