Netcapital Inc. (NCPL)

Netcapital Income Statement

Financials in millions USD. Fiscal year is May - April.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Apr 30, 2025	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021
Revenue	0.8	0.87	4.95	8.49	5.48	4.72
Revenue Growth (YoY)	-53.14%	-82.44%	-41.71%	54.98%	16.10%	169.22%
Cost of Revenue	0.02	0.04	0.11	0.09	0.11	0.76
Gross Profit	0.78	0.83	4.84	8.41	5.37	3.96
Selling, General & Admin	9.79	9.15	8.29	6.14	6.4	4.36
Amortization of Goodwill & Intangibles	0.04	0.04	0.09	0.1	-	-
Other Operating Expenses	-0	-0	-0	-0.05	-0.03	-
Operating Expenses	9.83	9.18	8.38	6.18	6.38	4.36
Operating Income	-9.05	-8.36	-3.54	2.23	-1.01	-0.4
Interest Expense	-0.43	-0.05	-0.05	-0.09	-0.13	-0.09
EBT Excluding Unusual Items	-9.47	-8.4	-3.58	2.13	-1.13	-0.49
Gain (Loss) on Sale of Investments	0.06	0.02	-2.7	1.45	3.28	2.57
Asset Writedown	-19.92	-19.92	-1.05	-	-	-
Other Unusual Items	-	-	-	0.22	1.9	-
Pretax Income	-29.33	-28.3	-7.33	3.81	4.05	2.08
Income Tax Expense	-	-	-2.34	0.85	0.54	0.61
Net Income	-29.33	-28.3	-4.99	2.95	3.5	1.47
Net Income to Common	-29.33	-28.3	-4.99	2.95	3.5	1.47
Net Income Growth	-	-	-	-15.66%	138.39%	142.98%
Shares Outstanding (Basic)	3	1	0	0	0	0
Shares Outstanding (Diluted)	3	1	0	0	0	0
Shares Change (YoY)	522.91%	702.41%	158.81%	70.18%	66.85%	-
EPS (Basic)	-9.95	-20.39	-28.83	44.22	91.99	82.30
EPS (Diluted)	-9.95	-20.39	-28.83	44.10	88.90	62.30
EPS Growth	-	-	-	-50.39%	42.70%	-
Gross Margin	97.54%	95.36%	97.82%	99.00%	97.99%	83.92%
Operating Margin	-1134.32%	-961.01%	-71.39%	26.22%	-18.36%	-8.51%
Profit Margin	-3675.58%	-3255.05%	-100.70%	34.79%	63.92%	31.13%
EBITDA	-9.01	-8.32	-3.44	2.32	-	-
EBITDA Margin	-	-	-69.50%	27.36%	-	-
D&A For EBITDA	0.04	0.04	0.09	0.1	-	-
EBIT	-9.05	-8.36	-3.54	2.23	-1.01	-0.4
EBIT Margin	-	-	-71.39%	26.22%	-18.36%	-8.50%
Effective Tax Rate	-	-	-	22.42%	13.44%	29.43%

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q