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Netcapital Inc. (NCPL) 10-Year Financial Performance & Capital Metrics

NCPL • • Banking & Credit
Financial ServicesCapital MarketsFinancial Technology & Blockchain ServicesBlockchain Financial Services
AboutNetcapital Inc. operates as a fintech company. It offers Netcapital.com, an SEC-registered funding portal that enables private companies to raise capital online, as well as allows investors to invest from anywhere in the world. It also provides various services, including a fully automated onboarding process; automated filing of required regulatory documents; compliance review; custom-built offering page on its portal website; third party transfer agent and custodial services; email marketing to its proprietary list of investors; rolling closes, which provide potential access to liquidity before final close date of offering; assistance with annual filings; and ongoing support services. In addition, the company offers advisory services, such as incubation of technology start-ups; investor introduction; digital marketing; website design, software, and software development; message crafting, including pitch decks, offering pages, and ad creation; strategic advice; and technology consulting services. Further, it provides business valuations; fairness and solvency opinions; ESOP feasibility and valuation; non-cash charitable contributions; economic analysis of damages; intellectual property appraisals; and compensation studies. Netcapital Inc. was incorporated in 1984 and is based in Boston, Massachusetts. Netcapital Inc. is a subsidiary of NetCapital Systems LLC.Show more
  • Net Interest Income -$48K -4.9%
  • Total Revenue $869K -82.4%
  • Net Income -$28M -467.6%
  • Return on Equity -107.11% -695.8%
  • Net Interest Margin -0.23% -108.5%
  • Efficiency Ratio 1047.79% +526.1%
  • ROA -90.62% -657.7%
  • Equity / Assets 71.31% -21.9%
  • Book Value per Share 10.74 -95.1%
  • Tangible BV/Share 0.15 -99.9%
  • Debt/Equity 0.18 +182.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Well capitalized: 71.3% equity/assets
  • ✓Diversified revenue: 100.0% from non-interest income
  • ✓Trading at only 0.1x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗Weak NIM of -0.2%
  • ✗High cost structure: 1047.8% efficiency ratio
  • ✗Weak momentum: RS Rating 2 (bottom 2%)
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-13.09%
3Y-45.87%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-206.05%

EPS CAGR

10Y-
5Y-
3Y-
TTM-61.15%

ROCE

10Y Avg100.45%
5Y Avg-8.44%
3Y Avg-10.88%
Latest-30.76%

Peer Comparison

Blockchain Financial Services
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
FIGRFigure Technology Solutions, Inc. Class A Common Stock9.83B55.82675.7967.36%6.16%5.88%1.89
AMRKA-Mark Precious Metals, Inc.981.34M39.8256.0813.19%0.16%1.06%14.44%1.29
GLXYGalaxy Digital5.42B28.1944.75-7.4%
NCPLNetcapital Inc.5.93M0.76-0.04-82.44%-32.55%-136.8%0.18
MFHMercurity Fintech Holding Inc.351.6M5.09-68.32125.92%-450.1%-57.67%0.32
STRDMicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock916.94M77.94-6.61%-251.73%13.62%0.40
UCFIWCN Healthy Food Tech Group Corp.0.0935.22%36.96%

Profit & Loss

Apr 2016Apr 2017Apr 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025
Net Interest Income+00-69.49K-19.41K-18.88K-87.33K-126.37K-93.84K-45.99K-48.23K
NII Growth %---0.72%0.03%-3.63%-0.45%0.26%0.51%-0.05%
Net Interest Margin %----------
Interest Income0000000000
Interest Expense-113.64K-115.3K69.49K19.41K18.88K87.33K126.37K93.84K45.99K48.23K
Loan Loss Provision610.56K496.36K-45.6K5.79K-7.77K671.83K-16.26K-8.8K62.07K-7.88K
Non-Interest Income+44.88K21.51K111.17K1.01M1.75M4.72M5.48M8.49M4.95M869.46K
Non-Interest Income %----------
Total Revenue+44.88K21.51K111.17K1.01M1.75M4.72M5.48M8.49M4.95M869.46K
Revenue Growth %--0.52%4.17%8.12%0.73%1.69%0.16%0.55%-0.42%-0.82%
Non-Interest Expense255.19K189.49K279.34K363.98K595.23K4.36M6.4M6.14M8.29M9.11M
Efficiency Ratio----------
Operating Income+-707.24K-549.04K-192.05K624.43K1.15M-401.5K-1.03M2.27M-3.44M-8.28M
Operating Margin %----------
Operating Income Growth %-0.22%0.65%4.25%0.84%-1.35%-1.57%3.2%-2.52%-1.41%
Pretax Income+-835.87K-828.12K131.13K586.63K424.85K2.08M4.05M3.81M-7.33M-28.3M
Pretax Margin %----------
Income Tax+0003.75K-180K613K544K854K-2.34M0
Effective Tax Rate %----------
Net Income+-835.87K-828.12K131.13K582.88K604.85K1.47M3.5M2.95M-4.99M-28.3M
Net Margin %----------
Net Income Growth %-0.01%1.16%3.45%0.04%1.43%1.38%-0.16%-2.69%-4.68%
Net Income (Continuing)-835.87K-828.12K131.13K582.88K604.85K1.47M3.5M2.95M-4.99M-28.3M
EPS (Diluted)+-3.30-3.260.411.571.5062.3088.9044.10-28.70-20.39
EPS Growth %-0.01%1.13%2.83%-0.04%40.53%0.43%-0.5%-1.65%0.29%
EPS (Basic)-3.30-3.260.411.571.5082.6091.7044.10-28.70-20.39
Diluted Shares Outstanding253K254K318.83K370.86K402.28K1.65M2.75M4.68M172.94K1.39M

Balance Sheet

Apr 2016Apr 2017Apr 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025
Cash & Short Term Investments+8433.32K1.66K19.11K11.21K1000K473.93K569.44K863.18K289.43K
Cash & Due from Banks8433.32K1.66K19.11K11.21K2.47M473.93K569.44K863.18K289.43K
Short Term Investments0000000000
Total Investments+0023K647.32K1.41M6.42M13.1M23.2M25.57M5.8M
Investments Growth %---27.14%1.17%3.56%1.04%0.77%0.1%-0.77%
Long-Term Investments0023K647.32K1.41M6.42M13.1M23.2M25.57M5.8M
Accounts Receivables006.75K6K01000K1000K1000K134.85K78.65K
Goodwill & Intangibles+----------
Goodwill0000000000
Intangible Assets0000143.46K14.8M15.54M15.88M14.73M14.7M
PP&E (Net)539.83K000-143.46K14.8M15.54M000
Other Assets6.01K032K6.3K-179.85M6.3K208.3K208.3K208.3K6.3K
Total Current Assets155.85K19.75K43.41K65.81K656.76K4.48M2.91M2.54M1.04M399.61K
Total Non-Current Assets545.85K055K653.62K1.56M21.23M28.85M39.28M40.51M20.5M
Total Assets+701.7K19.75K98.41K719.43K2.21M25.72M31.76M41.82M41.56M20.9M
Asset Growth %--0.97%3.98%6.31%2.08%10.62%0.24%0.32%-0.01%-0.5%
Return on Assets (ROA)-1.19%-2.3%2.22%1.43%0.41%0.11%0.12%0.08%-0.12%-0.91%
Accounts Payable322.07K301.9K295.67K295.43K295.43K4.15M914.59K653.53K793.33K2.94M
Total Debt+1.83M1.87M1.14M1.12M1.06M5.33M4.14M2.79M2.42M2.68M
Net Debt1.83M1.87M1.13M1.1M1.05M2.85M3.67M2.22M1.56M2.39M
Long-Term Debt1.72M01M1M02.39M495.07K500K500K500K
Short-Term Debt108.04K1.87M136.39K118.28K1.06M2.94M3.65M2.29M1.92M2.18M
Other Liabilities0000000000
Total Current Liabilities764.91K2.61M582.4K584.68K1.53M9.15M6.03M5.16M3.12M5.5M
Total Non-Current Liabilities1.72M01M1M02.39M495.07K500K500K500K
Total Liabilities2.49M2.61M1.58M1.58M1.53M11.54M6.52M5.66M3.62M6M
Total Equity+-1.78M-2.59M-1.48M-865.26K679.16K14.18M25.24M36.16M37.94M14.91M
Equity Growth %--0.45%0.43%0.42%1.78%19.88%0.78%0.43%0.05%-0.61%
Equity / Assets (Capital Ratio)----------
Return on Equity (ROE)----0.89%0.2%0.18%0.1%-0.13%-1.07%
Book Value per Share-7.05-10.20-4.65-2.331.698.619.187.73219.3910.74
Tangible BV per Share----------
Common Stock508K530K731.69K752.52K831.27K2.18K2.93K6.44K22.88K202.19K
Additional Paid-in Capital001.43M1.45M3.14M15.17M22.48M30.5M37.32M42.53M
Retained Earnings-2.95M-3.78M-3.65M-3.07M-2.46M-992.62K2.51M5.47M479.56K-27.82M
Accumulated OCI000000244.25K0122.12K0
Treasury Stock0000000000
Preferred Stock0000000000

Cash Flow

Apr 2016Apr 2017Apr 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025
Cash from Operations+-21.73K-14.18K-50.16K30.56K-3.6K-3.25M-3.01M-4.62M-4.88M-5.34M
Operating CF Growth %-0.35%-2.54%1.61%-1.12%-901.02%0.08%-0.54%-0.06%-0.09%
Net Income-835.87K-828.12K131.13K582.88K604.85K1.47M3.5M2.95M-4.99M-28.3M
Depreciation & Amortization381.06K381.06K000-2.51M096.41K93.86K35.48K
Deferred Taxes0-385.35K00-180K613K544K680K-1.66M0
Other Non-Cash Items759.26K988.61K-385.82K29.75K-825.49K-2.32M-7.49M-9.78M584.37K20.01M
Working Capital Changes219.19K110.13K74.33K-647.23K40.78K-1.18M-739.34K1.16M-239.67K2.16M
Cash from Investing+00000242.03K-319.17K200K-20K0
Purchase of Investments000000-319.17K000
Sale/Maturity of Investments0000000200K00
Net Investment Activity----------
Acquisitions00000242.03K-117.17K000
Other Investing000000117.17K0-20K0
Cash from Financing+17.34K16.66K48.49K-13.1K-4.3K5.47M1.33M4.51M5.19M4.77M
Dividends Paid0000000000
Share Repurchases0000000000
Stock Issued07K05K0005.57M5.54M4.51M
Net Stock Activity----------
Debt Issuance (Net)0048.49K-18.1K-4.3K1000K700K-1000K-350K256.5K
Other Financing17.34K16.66K0001.2M625.8K04.97K0
Net Change in Cash+-4.39K2.48K-1.67K17.45K-7.9K2.46M-2M95.52K293.74K-573.75K
Exchange Rate Effect0000000000
Cash at Beginning5.24K8433.32K1.66K19.11K11.21K2.47M473.93K569.44K863.18K
Cash at End8433.32K1.66K19.11K11.21K2.47M473.93K569.44K863.18K289.43K
Interest Paid000002.07K2.06K207.69K00
Income Taxes Paid00002.72K4.99K2.06K207.69K00
Free Cash Flow+-21.73K-14.18K-50.16K30.56K-3.6K-3.25M-3.01M-4.62M-4.88M-5.34M
FCF Growth %-0.35%-2.54%1.61%-1.12%-901.02%0.08%-0.54%-0.06%-0.09%

Banking Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)----89.06%19.78%17.78%9.63%-13.46%-107.11%
Return on Assets (ROA)-119.12%-229.57%221.96%142.54%41.25%10.52%12.19%8.03%-11.96%-90.62%
Net Interest Margin0%0%-70.62%-2.7%-0.85%-0.34%-0.4%-0.22%-0.11%-0.23%
Efficiency Ratio568.63%881.03%251.27%35.91%33.94%92.42%116.8%72.25%167.34%1047.79%
Equity / Assets-254.24%-13118.81%-1508.04%-120.27%30.68%55.14%79.46%86.46%91.3%71.31%
Book Value / Share-7.05-10.2-4.65-2.331.698.619.187.73219.3910.74
NII Growth---72.07%2.73%-362.59%-44.7%25.74%50.99%-4.86%

Revenue by Segment

20222023
Consulting Services3.88M-
Consulting Services Growth--

Frequently Asked Questions

Growth & Financials

Netcapital Inc. (NCPL) saw revenue decline by 82.4% over the past year.

Netcapital Inc. (NCPL) reported a net loss of $29.3M for fiscal year 2025.

Dividend & Returns

Netcapital Inc. (NCPL) has a return on equity (ROE) of -107.1%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Netcapital Inc. (NCPL) has a net interest margin (NIM) of -0.2%. NIM has been under pressure due to interest rate environment.

Netcapital Inc. (NCPL) has an efficiency ratio of 1047.8%. This is higher than peers, suggesting room for cost optimization.

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