Netcapital Inc. (NCPL) Revenue History
Annual and quarterly revenue from 2016 to 2025
Compound Annual Growth Rate (CAGR)
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NCPL Revenue Growth
Revenue Breakdown (FY 2023)
NCPL's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
NCPL Revenue Analysis (2016–2025)
As of May 8, 2026, Netcapital Inc. (NCPL) generated trailing twelve-month (TTM) revenue of $739,504, reflecting significant decline in growth of -38.2% year-over-year. The most recent quarter (Q3 2026) recorded $94,347 in revenue, up 84.7% sequentially.
Looking at the longer-term picture, NCPL's 5-year compound annual growth rate (CAGR) stands at -13.1%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $8.5 million in 2023.
Revenue diversification analysis shows NCPL's business is primarily driven by Consulting Services (0%).
When compared to Financial Services sector peers including CF (+20.9% YoY), OXSQ, and FPAY (+19.5% YoY), NCPL has underperformed the peer group in terms of revenue growth. Compare NCPL vs CF →
NCPL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NCPLCurrent | $739,504 | -38.2% | -13.1% | -952.4% | |
 CF | $7.1B | +20.9% | +11.4% | 33.4% | |
 OXSQ | $24M | - | - | -39.6% | |
 FPAY | $140M | +19.5% | +9.5% | 16.3% | |
 INTU | $18.8B | +17.2% | +19.7% | 26.1% | |
 BILL | $1.5B | +12.5% | +56.1% | -5.5% |
NCPL Historical Revenue Data (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $869K | - | $829K | 95.4% | $-8,280,973 | -952.4% |
| 2024 | $5.0M | - | $4.8M | 97.8% | $-3,442,388 | -69.5% |
| 2023 | $8.5M | - | $8.4M | 99.0% | $2.3M | 26.7% |
| 2022 | $5.5M | - | $5.4M | 98.0% | $-1,031,146 | -18.8% |
| 2021 | $4.7M | - | $4.0M | 83.9% | $-401,501 | -8.5% |
| 2020 | $1.8M | - | $1.7M | 99.4% | $1.1M | 65.4% |
| 2019 | $1.0M | - | $988K | 97.5% | $624K | 61.6% |
| 2018 | $111K | - | $87K | 78.5% | $-192,054 | -172.8% |
| 2017 | $22K | - | $-359,552 | -1671.7% | $-549,043 | -2552.7% |
| 2016 | $45K | - | $-452,046 | -1007.3% | $-707,238 | -1575.9% |
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Start ComparisonNCPL — Frequently Asked Questions
Quick answers to the most common questions about buying NCPL stock.
Is NCPL's revenue growth accelerating or slowing?
NCPL revenue declined -38.2% year-over-year, contrasting with the 5-year CAGR of -13.1%. TTM revenue fell to $739504.00. This reverses the prior growth trend.
What is NCPL's long-term revenue growth rate?
Netcapital Inc.'s 5-year revenue CAGR of -13.1% reflects the variable expansion pattern. Current YoY growth of -38.2% is below this long-term average.
How is NCPL's revenue distributed by segment?
NCPL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2025 are available for download. Segment mix reveals concentration and diversification trends.