NCPL
Netcapital Inc.1.0900
-0.0300-2.68%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
7.49MP/E (TTM)
-Basic EPS (TTM)
-15.31Dividend Yield
0%Recent Filings
8-K
Q2 revenues plunge, cash rises
Netcapital reported Q2 fiscal 2026 revenues of $51,076, down sharply from $170,528 a year ago due to weaker funding portal activity, yet narrowed its operating loss to $2.1M from $2.2M. Cash jumped to $1.7M. Rivetz Network asset acquisition closed December 3 bolsters blockchain push. Losses narrowed.
10-Q
Q2 FY2026 results
Netcapital's Q2 FY2026 revenues fell 70% y/y to $51k yet held steady q/q, with gross profit at $49k on thinner margins amid fewer issuers launching (5 vs 16 prior year). Operating loss narrowed slightly to $2.1M y/y, while six-month net loss widened to $5.8M (diluted EPS -$1.50 vs -$6.58), reconciled to 3.8M shares with anti-dilutive warrants excluded. Cash climbed to $1.7M on $8.5M equity raises, funding $6.8M operating burn; debt dropped to $2.4M (SBA loans at 1-3.75%, bank at 9.75%). Secured perpetual Horizon software license for 500k shares ($2.8M). Equity securities ticked up $109k to $5.9M. Customer concentration persists.
8-K
Rivetz buy, CEO switch
Netcapital closed its Rivetz Network asset purchase on December 3, 2025, issuing 950,000 shares—19.3% of outstanding common—for hardware-based cybersecurity and blockchain tech, assuming up to $100,000 in liabilities. That day, CEO Martin Kay resigned amicably, securing $98,750 severance plus 12-month $10,000/month consulting. Leadership shakeup complete: Rich Wheeless named CEO December 7 at $180,000 salary; Kevin Kilduff General Counsel with 1M-share inducement vesting on revenue hurdles. New team eyes crypto pivot.
10-Q
Q1 FY2026 results
Netcapital posted Q1 FY2026 revenue of $190K, up 34% y/y from $142K, driven by portal fees that jumped 37% to $123K from one issuer at 73% of total; gross profit climbed to $183K while margins held. Yet operating loss widened to $3.3M from $2.5M and net loss to $3.6M, fueled by payroll up 58% and G&A up 14% from legal/regulatory costs. Cash swelled to $4.6M (q/q +$4.3M derived) via $8.5M stock sales, covering $4.2M operating burn; total debt sat at $3.0M including SBA loans at 1-3.75%. Issued 500K shares for perpetual Horizon software license valued at $2.8M. One customer dominates revenues.
8-K
Revenue up 34%, loss widens
Netcapital Inc. reported Q1 fiscal 2026 results on September 22, 2025, with revenue surging 34% year-over-year to $190,058 from $142,227, yet posting a wider operating loss of ($3,285,648) versus ($2,508,237) prior year amid payroll and G&A spikes. Cash swelled to $4.6M. Launched Crypto Advisory Board to fuse blockchain with traditional finance.
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