Netcapital Inc (NCPL) FinancialsNCPLNetcapital Inc

Netcapital Inc (NCPL) generates its revenue primarily from Fees from online services, which accounts for 100.0% of total sales, equivalent to $94.35K. Understanding this concentration is critical for investors evaluating how NCPL navigates market cycles within the Miscellaneous Fintech Infrastructure industry.

Evaluating the bottom line, Netcapital Inc maintains a gross margin of 40.52%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -2362.17%, while the net margin is -1921.46%. These profitability ratios, combined with a Return on Equity (ROE) of -99.45%, provide a clear picture of how effectively NCPL converts its operational activities into shareholder value.

In the context of the broader market, NCPL competes directly with industry leaders such as EEIQ and GWAV. With a market capitalization of $15.54M, it holds a leading position in the sector. When comparing efficiency, NCPL's gross margin of 40.52% stands against EEIQ's 57.92% and GWAV's 24.03%. Such benchmarking helps identify whether Netcapital Inc is trading at a premium or discount relative to its financial performance.

Netcapital has reported substantial net income losses, with the latest figures showing a net income of -1,812,844 USD for Q3 2026. The gross margin has also significantly dropped to 40.52% in Q3 2026, down from 97.02% in Q4 2025, indicating deteriorating financial health.