Microcap Ledger Netcapital Inc. $NCPL
Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.
Snapshot
- Exchange
- Nasdaq Capital Market
- Sector
- Finance Services
- Headquarters
- Boston, MA
- Fiscal year end
- April 30
- Shares outstanding
- 7,847,899 [10-Q 2026-03-19]
What the company doesAI summary of filing
Netcapital Inc. is a fintech company that operates an SEC-registered funding portal enabling private companies to raise capital online from accredited and non-accredited investors under Regulation Crowdfunding (Reg CF) and Regulation A (Reg A). The company generates revenue through listing fees ($5,000 per issuer), portal fees (4.9% of capital raised), and equity-based success fees (1% paid in securities). In fiscal year 2025, Netcapital generated $869,460 in revenues with $829,116 in gross profit. The company also operates Netcapital Advisors, a consulting subsidiary that provides marketing and strategic advice, and Netcapital Securities, a FINRA-member broker-dealer subsidiary approved in November 2024 to facilitate Reg A offerings. Netcapital is revenue-generating but has reported net losses in recent years. [10-K 2025-08-12]
Financial health
| Period | Revenue | Net income | Operating cash flow | Cash | Filing |
|---|---|---|---|---|---|
| 9 months to Jan 2026 | $335.5K | −$7.58M | −$7.66M | $715.4K | [10-Q 2026-03-19] |
| FY ended Apr 2025 | $869.5K | −$28.30M | −$5.34M | $289.4K | [10-K 2025-08-12] |
| FY ended Apr 2024 | $4.95M | −$4.99M | −$4.88M | $863.2K | [10-K 2025-08-12] |
- Quarterly cash burn
- −$2.55M
- Cash runway Estimate
- ~0.8 months
Capital structure and dilution
| Date | Shares outstanding | Filing |
|---|---|---|
| 2024-07-29 | 40,540,680 | [10-K 2024-07-29] |
| 2024-09-16 | 774,934 | [10-Q 2024-09-16] |
| 2024-12-16 | 1,841,335 | [10-Q 2024-12-16] |
| 2025-03-17 | 2,192,046 | [10-Q 2025-03-17] |
| 2025-08-11 | 4,720,056 | [10-K 2025-08-12] |
| 2025-09-22 | 4,917,889 | [10-Q 2025-09-22] |
| 2025-12-15 | 6,867,899 | [10-Q 2025-12-15] |
| 2026-03-19 | 7,847,899 | [10-Q 2026-03-19] |
- Shelf registration
- S-3 filed 2025-10-21; no effectiveness notice found in EDGAR [S-3 2025-10-21]
Listing status
Current status: 4 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-09-25. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.
| Date | Event | Details | Deadline | Filing |
|---|---|---|---|---|
| 2026-09-25 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2026-09-25] |
| 2026-08-28 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2026-08-28] |
| 2026-08-10 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2026-08-10] |
| 2026-02-06 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2026-02-06] |
Catalysts and calendar
| Date | Type | Title |
|---|---|---|
| 2026-09-25 | 8-K | Listing notice or transfer |
| 2026-09-03 | 8-K | Director or officer change |
| 2026-08-28 | 8-K | Listing notice or transfer |
| 2026-08-25 | 8-K | Director or officer change; Other events |
| 2026-08-18 | 8-K | Auditor change; Non-reliance on prior financials |
| 2026-08-10 | 8-K | Material agreement entered; Listing notice or transfer; Unregistered sale of equity |
| 2026-07-29 | NT 10-K | Notice of late annual report |
| 2026-07-09 | 8-K | Material agreement entered; Unregistered sale of equity |
| 2026-07-08 | 8-K | Material agreement entered; New financial obligation; Unregistered sale of equity |
| 2026-06-16 | 8-K | Material agreement entered; New financial obligation; Unregistered sale of equity |
| 2026-06-10 | 8-K | Material agreement entered; New financial obligation; Unregistered sale of equity |
| 2026-06-10 | 8-K | Material agreement entered; New financial obligation; Unregistered sale of equity |
Alerts for $NCPL
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Facts as of . Small caps move fast; check the latest filings.