What is Netcapital Inc. Warrants's earnings per share (EPS)?

Netcapital Inc. Warrants (NCPLW) reported diluted earnings per share of -$20.39 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Netcapital Inc. Warrants (NCPLW) Financials

NCPLW

Trailing 12 months to January 31, 2026

Revenue $740K -9.0% YoY

Net Income -$28.1M -171.5% YoY

EPS (Diluted) -$20.39 FY2025 annual

Operating Cash Flow -$8.4M -41.5% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jan 31, 2026 Reported Mar 19, 2026 Currency USD FYE April

Newest figures come from the 10-Q for Q3 FY2026, filed Mar 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NCPLW SEC filings page.

Netcapital Inc. Warrants (NCPLW) reported $740K in revenue over the twelve months to Jan 31, 2026, down 9.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NCPLW FY2025 2026-10-03

Netcapital’s business has shrunk sharply while operating losses and recurring cash outflows now depend on financing to fund the balance sheet.

Operations consumed cash in every reported year, including $5.3M in FY2025, even during FY2021-FY2023 when net income was positive. That earnings-to-cash mismatch, alongside $4.8M of financing inflows, indicates the reported operations did not fund themselves.

Revenue fell from $8.5M in FY2023 to $869K in FY2025, revealing a sharp contraction in the business base. By FY2025, gross profit of $829K was dwarfed by an operating loss of $8.3M, indicating that expenses did not flex down with activity.

FY2025 current assets were only $400K against $5.5M of current liabilities. That produced a 0.1x current ratio, showing that short-term obligations substantially exceeded immediately available operating assets.

Financial Health Signals

Financial health score not available

Netcapital Inc. Warrants does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Weak

2/9

Netcapital Inc. Warrants passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

Netcapital Inc. Warrants reported a net loss of $28.3M while operations used $5.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Netcapital Inc. Warrants reported an operating loss of $8.3M against $41K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$94K

YoY-38.2%

QoQ+84.7%

5Y CAGR-40.6%

Netcapital Inc. Warrants generated $94K in revenue in Q3 2026. This represents a decrease of 38.2% from the same quarter a year earlier. Against the prior quarter it is up 84.7%.

Net Income

-$1.8M

YoY+39.7%

QoQ+14.9%

Netcapital Inc. Warrants reported -$1.8M in net income in Q3 2026. This represents an increase of 39.7% from the same quarter a year earlier. Against the prior quarter it is up 14.9%.

EPS (Diluted)

-$0.32

QoQ+27.3%

Netcapital Inc. Warrants earned -$0.32 per diluted share (EPS) in Q3 2026. Against the prior quarter it is up 27.3%.

EBITDA

Not reported for Q3 2026.

Cash & Balance Sheet

Cash & Debt

$715K

YoY+16.5%

QoQ-57.5%

5Y CAGR+20.1%

10Y CAGR+89.5%

Netcapital Inc. Warrants held $715K in cash against $492K in long-term debt as of Q3 2026.

Shares Outstanding

QoQ+14.3%

Netcapital Inc. Warrants had 8M shares outstanding in Q3 2026. Against the prior quarter it is up 14.3%.

Free Cash Flow

Not reported for Q3 2026.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

98.1%

YoY+2.8pp

QoQ+1.7pp

5Y change-0.7pp

Netcapital Inc. Warrants's gross margin was 98.1% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.

Return on Equity

-8.4%

YoY+0.2pp

QoQ+1.5pp

5Y change-8.7pp

Netcapital Inc. Warrants's ROE was -8.4% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.5 percentage points.

Operating Margin

Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

None of these metrics is reported for Q3 2026.

NCPLW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NCPLW quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Revenue	$740K	$869K-82.4%	$5.0M-41.7%	$8.5M+55.0%	$5.5M+16.1%	$4.7M+169.2%	$1.8M+73.0%	$1.0M+811.8%	$111K+416.9%	$22K-52.1%	$45K-52.1%	$94K+1901.1%	$5K-42.4%	$8K
Cost of Revenue	$14K	$40K-62.7%	$108K+27.1%	$85K-22.8%	$110K-85.5%	$759K+6736.2%	$11K-55.9%	$25K+5.5%	$24K	N/A	N/A	N/A	N/A	N/A
Gross Profit	$725K	$829K-82.9%	$4.8M-42.4%	$8.4M+56.6%	$5.4M+35.6%	$4.0M+127.4%	$1.7M+76.3%	$988K+1032.4%	$87K+305.8%	$22K	N/A	N/A	N/A	N/A
SG&A Expenses	$5.1M	$5.2M+52.2%	$3.4M+96.9%	$1.7M+8.7%	$1.6M+244.6%	$465K+539.1%	$73K+34.2%	$54K-18.8%	$67K+164.9%	$25K-90.1%	$255K-61.1%	$656K+4876.4%	$13K-11.0%	$15K
Operating Income	-$9.5M	-$8.3M-141.7%	-$3.4M-251.5%	$2.3M+320.3%	-$1.0M-156.8%	-$402K-135.0%	$1.1M+83.7%	$624K+425.1%	-$192K	N/A	-$707K	N/A	N/A	N/A
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$326K	N/A	N/A	N/A
Interest Expense	$83K	$41K-10.2%	$46K-51.0%	$94K-25.7%	$126K+44.7%	$87K+362.6%	$19K-2.7%	$19K-72.1%	$69K	N/A	$114K+48.0%	$77K+320.9%	$18K-3.4%	$19K
Income Tax	N/A	N/A	-$2.3M-373.9%	$854K+57.0%	$544K-11.3%	$613K+575.2%	-$129K-3344.6%	-$4K	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$28.1M	-$28.3M-467.6%	-$5.0M-268.7%	$3.0M-15.7%	$3.5M+138.4%	$1.5M+143.0%	$605K+3.8%	$583K+344.5%	$131K	N/A	-$836K-72.1%	-$486K	N/A	-$26K
EPS (Basic)	N/A	-$20.39+29.3%	-$28.83-4676.2%	$0.63-51.9%	$1.31+11.0%	$1.18-21.3%	$1.50	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
EPS (Diluted)	—	-$20.39	-$28.83	$0.63	$1.27	$0.89	$1.50	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Diluted Shares (Avg)	N/A	1M	172,937	5M	3M	2M	402,284	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$94K-38.2%	$51K-70.0%	$190K+33.6%	$404K+16.4%	$153K-85.4%	$171K-91.6%	$142K-90.6%	$347K-88.9%
Cost of Revenue	$2K-74.5%	$2K-90.5%	$7K-27.5%	$3K-71.0%	$7K-87.8%	$20K-1.8%	$10K-43.4%	$11K-53.1%
Gross Profit	$93K-36.4%	$49K-67.4%	$183K+38.4%	$401K+19.2%	$146K-85.2%	$151K-92.5%	$132K-91.2%	$336K-89.1%
SG&A Expenses	$875K-5.1%	$1.2M-19.4%	$1.6M+13.6%	$1.4M+58.4%	$922K-15.6%	$1.5M+130.1%	$1.4M+75.1%	$898K+79.8%
Operating Income	-$2.2M-28.8%	-$2.1M+3.8%	-$3.3M-31.0%	-$1.9M-24.8%	-$1.7M-40.0%	-$2.2M-4317.6%	-$2.5M-234.9%	-$1.5M-213.3%
Interest Expense	$24K+132.0%	$12K+27.1%	$36K+244.7%	$11K+6.3%	$10K-12.9%	$10K-9.1%	$10K-21.3%	$10K-39.7%
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%
Net Income	-$1.8M+39.7%	-$2.1M+4.1%	-$3.6M-44.1%	-$20.5M-688.2%	-$3.0M-35.0%	-$2.2M-753.8%	-$2.5M-414.0%	-$2.6M-357.9%
EPS (Basic)	-$0.32+79.6%	-$0.44+81.2%	-$1.27+75.1%	-$13.46-8312.5%	-$1.57+88.5%	-$2.34-192.9%	-$5.10-10.6%	-$0.16-194.1%
EPS (Diluted)	-$0.32	-$0.44	-$1.27	-$13.46	-$1.57	-$2.34	-$5.10	-$0.16
Diluted Shares (Avg)	6M	5M	3M	N/A	2M	947,459	495,319	N/A

Not reported in any period shown, so not listed: R&D Expenses, EBITDA.

NCPLW Balance Sheet

NCPLW quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Total Assets	$20.9M-49.7%	$41.6M-0.6%	$41.8M+31.7%	$31.8M+23.5%	$25.7M+1061.8%	$2.2M+207.7%	$719K+631.1%	$98K+398.3%	$20K-97.2%	$702K-46.6%	$1.3M+80804.7%	$2K-47.2%	$3K
Current Assets	$400K-61.7%	$1.0M-59.0%	$2.5M-12.8%	$2.9M-35.0%	$4.5M+840.7%	$477K+624.5%	$66K+51.6%	$43K+119.8%	$20K-87.3%	$156K-28.6%	$218K+13343.3%	$2K-47.2%	$3K
Cash & Equivalents	$289K-66.5%	$863K+51.6%	$569K+20.2%	$474K-80.8%	$2.5M+21977.1%	$11K-41.4%	$19K+1054.7%	$2K-50.2%	$3K+294.3%	$843-83.9%	$5K+222.7%	$2K-47.2%	$3K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$79K-41.7%	$135K-90.3%	$1.4M-43.0%	$2.4M+79.4%	$1.4M	N/A	$6K-11.1%	$7K	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$6.0M+65.8%	$3.6M-36.1%	$5.7M-13.6%	$6.6M-43.2%	$11.5M+651.9%	$1.5M-3.2%	$1.6M+0.1%	$1.6M-39.4%	$2.6M+5.0%	$2.5M+9.9%	$2.3M+217.5%	$712K+3.9%	$686K
Current Liabilities	$5.5M+76.3%	$3.1M-39.6%	$5.2M-14.3%	$6.0M-34.1%	$9.2M+496.5%	$1.5M+162.4%	$585K+0.4%	$582K-77.7%	$2.6M+241.3%	$765K+36.3%	$561K+96.4%	$286K-58.3%	$686K
Non-Current Liabilities	$500K0.0%	$500K0.0%	$500K-4.8%	$525K-78.0%	$2.4M	$0-100.0%	$1.0M0.0%	$1.0M	$0-100.0%	$1.7M+1.2%	$1.7M+298.8%	$426K	$0
Long-Term Debt	$500K0.0%	$500K0.0%	$500K0.0%	$500K-79.0%	$2.4M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$14.9M-60.7%	$37.9M+4.9%	$36.2M+43.3%	$25.2M+78.0%	$14.2M+1987.7%	$679K+178.5%	-$865K+41.7%	-$1.5M+42.7%	-$2.6M-45.2%	-$1.8M-88.2%	-$948K-33.4%	-$711K-4.1%	-$683K
Retained Earnings	-$27.8M-5901.5%	$480K-91.2%	$5.5M+117.7%	$2.5M+353.0%	-$993K+59.7%	-$2.5M+19.7%	-$3.1M+16.0%	-$3.7M+3.5%	-$3.8M-28.0%	-$3.0M-39.5%	-$2.1M-29.8%	-$1.6M-1.7%	-$1.6M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$26.1M-34.7%	$25.4M-39.3%	$28.4M-31.4%	$20.9M-49.7%	$39.9M-9.6%	$41.9M-6.1%	$41.4M-4.6%	$41.6M-0.6%
Current Assets	$1.0M+54.9%	$2.0M+41.7%	$5.0M+439.7%	$400K-61.7%	$673K-88.9%	$1.4M-63.9%	$925K-67.3%	$1.0M-59.0%
Cash & Equivalents	$715K+16.5%	$1.7M+25.1%	$4.6M+433.5%	$289K-66.5%	$614K-71.7%	$1.3M+154.7%	$855K-17.0%	$863K+51.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$1K	$12K-27.3%	$20K	$79K-41.7%	N/A	$17K-99.4%	N/A	$135K-90.3%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$4.5M-9.6%	$4.0M-11.7%	$5.3M+34.9%	$6.0M+65.8%	$4.9M+28.6%	$4.5M-18.4%	$3.9M-20.9%	$3.6M-36.1%
Current Liabilities	$4.0M-10.5%	$3.5M-13.0%	$4.8M+40.0%	$5.5M+76.3%	$4.4M+32.9%	$4.0M-20.2%	$3.4M-23.2%	$3.1M-39.6%
Non-Current Liabilities	$492K-1.5%	$496K-0.8%	$500K0.0%	$500K0.0%	$500K0.0%	$500K0.0%	$500K0.0%	$500K0.0%
Long-Term Debt	$492K-1.5%	$496K-0.8%	$500K0.0%	$500K0.0%	$500K0.0%	$500K0.0%	$500K0.0%	$500K0.0%
Total Equity	$21.6M-38.2%	$21.4M-42.7%	$23.1M-38.3%	$14.9M-60.7%	$35.0M-13.2%	$37.4M-4.4%	$37.5M-2.5%	$37.9M+4.9%
Retained Earnings	-$35.4M-386.7%	-$33.6M-687.1%	-$31.5M-1436.6%	-$27.8M-5901.5%	-$7.3M-335.7%	-$4.3M-180.3%	-$2.0M-141.2%	$480K-91.2%

Not reported in any period shown, so not listed: Inventory, Goodwill.

NCPLW Cash Flow Statement

NCPLW quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Operating Cash Flow	-$8.4M	-$5.3M-9.4%	-$4.9M-5.7%	-$4.6M-53.6%	-$3.0M+7.5%	-$3.3M-90101.7%	-$4K-111.8%	$31K+160.9%	-$50K-253.7%	-$14K+34.7%	-$22K+73.1%	-$81K-300.8%	-$20K-19.3%	-$17K
Depreciation & Amortization	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$381K+71.4%	$222K	N/A	N/A
Stock-Based Compensation	N/A	$757K-42.8%	$1.3M+391.5%	$270K-77.1%	$1.2M+72.8%	$681K+91.0%	$356K+446.8%	$65K-50.0%	$130K-20.8%	$164K-17.4%	$199K-63.0%	$538K	N/A	N/A
Investing Cash Flow	N/A	N/A	-$20K-110.0%	$200K+162.7%	-$319K-231.9%	$242K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$8.6M	$4.8M-8.2%	$5.2M+15.1%	$4.5M+240.4%	$1.3M-75.8%	$5.5M+127346.4%	-$4K+67.2%	-$13K-127.0%	$48K+191.0%	$17K-3.9%	$17K-79.5%	$84K+351.2%	$19K+3.8%	$18K

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	-$869K+25.3%	-$2.6M-73.3%	-$4.2M-114.6%	-$725K+44.9%	-$1.2M+28.2%	-$1.5M-208.7%	-$2.0M-34.1%	-$1.3M-9.3%
Stock-Based Compensation	$369K+164.4%	$139K0.0%	$516K+270.3%	N/A	$139K-50.3%	$139K-50.3%	$139K-71.2%	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Financing Cash Flow	$0-100.0%	-$300K-115.2%	$8.5M+334.0%	$400K+7945.6%	$431K-86.8%	$2.0M	$2.0M+1.6%	$5K

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

NCPLW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NCPLW quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Gross Margin	95.4%-2.5pp	97.8%-1.2pp	99.0%+1.0pp	98.0%+14.1pp	83.9%-15.5pp	99.4%+1.9pp	97.5%+19.0pp	78.5%-21.5pp	100.0%	N/A	N/A	N/A	N/A
Operating Margin	-957.1%	-69.5%-96.3pp	26.8%+45.6pp	-18.8%-10.3pp	-8.5%-73.9pp	65.4%+3.8pp	61.6%	-172.8%	N/A	-1575.9%	N/A	N/A	N/A
Net Margin	-3255.1%	-100.7%	34.8%-29.1pp	63.9%+32.8pp	31.1%-3.4pp	34.5%-23.0pp	57.5%	118.0%	N/A	-1862.5%	-518.7%	N/A	-324.5%
Return on Equity	-189.9%-176.7pp	-13.1%-21.3pp	8.2%-5.7pp	13.9%+3.5pp	10.4%-78.7pp	89.1%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-135.4%-123.4pp	-12.0%-19.1pp	7.1%-4.0pp	11.0%+5.3pp	5.7%-21.6pp	27.3%-53.7pp	81.0%-52.2pp	133.3%	N/A	-119.1%-82.1pp	-37.0%	N/A	-857.6%
Current Ratio	0.07-0.3x	0.33-0.2x	0.490.0x	0.480.0x	0.49+0.2x	0.31+0.2x	0.110.0x	0.07+0.1x	0.01-0.2x	0.20-0.2x	0.39+0.4x	0.010.0x	0.00
Debt-to-Equity	0.030.0x	0.010.0x	0.010.0x	0.02-0.1x	0.17-2.1x	2.26	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover	0.04-0.1x	0.12-0.1x	0.200.0x	0.170.0x	0.18-0.6x	0.79-0.6x	1.41+0.3x	1.130.0x	1.09+1.0x	0.060.0x	0.07-2.8x	2.88+0.2x	2.64

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	98.1%+2.8pp	96.3%+7.9pp	96.1%+3.3pp	99.2%+2.4pp	95.3%+1.0pp	88.4%-10.6pp	92.8%-6.0pp	96.8%-2.4pp
Operating Margin	-2304.6%	-4149.6%	-1728.8%	-475.9%	-1105.4%	-1291.5%	-1763.5%	-443.7%
Net Margin	-1921.5%	-4169.3%	-1916.3%	-5085.6%	-1969.2%	-1302.1%	-1776.9%	-750.8%
Return on Equity	-8.4%+0.2pp	-9.9%-4.0pp	-15.8%-9.0pp	-137.8%-131.0pp	-8.6%-3.1pp	-5.9%-6.8pp	-6.7%-5.5pp	-6.9%-9.7pp
Return on Assets	-7.0%+0.6pp	-8.4%-3.1pp	-12.8%-6.7pp	-98.3%-92.0pp	-7.5%-2.5pp	-5.3%-6.1pp	-6.1%-5.0pp	-6.3%-8.7pp
Current Ratio	0.26+0.1x	0.57+0.2x	1.04+0.8x	0.07-0.3x	0.15-1.7x	0.35-0.4x	0.27-0.4x	0.33-0.2x
Debt-to-Equity	0.020.0x	0.020.0x	0.020.0x	0.030.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x
Asset Turnover	0.000.0x	0.000.0x	0.010.0x	0.020.0x	0.000.0x	0.000.0x	0.000.0x	0.01-0.1x

Not reported in any period shown, so not listed: FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Note: The current ratio is below 1.0 (0.07), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Netcapital Inc. Warrants NCPLW	FY2025	$869K	-$28.3M	N/A	N/A	—
Fold Holdings, Inc. Warrant FLDDW	FY2025	$31.8M	-$69.6M	N/A	N/A	33/100
CleanSpark, Inc. Warrant CLSKW	FY2026	N/A	N/A	N/A	N/A	—
Netcapital Inc. NCPL	FY2025	$869K	-$28.3M	N/A	$12.3M	—
MDB Capital Holdings, LLC MDBH	FY2025	N/A	-$21.2M	N/A	$18.7M	—

Where Netcapital Inc. Warrants Ranks

Frequently Asked Questions

What is Netcapital Inc. Warrants's annual revenue?

Netcapital Inc. Warrants (NCPLW) reported $869K in total revenue for fiscal year 2025. This represents a -82.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Netcapital Inc. Warrants's revenue growing?

Netcapital Inc. Warrants (NCPLW) revenue declined by 82.4% year-over-year, from $5.0M to $869K in fiscal year 2025.

Is Netcapital Inc. Warrants profitable?

No, Netcapital Inc. Warrants (NCPLW) reported a net income of -$28.3M in fiscal year 2025.

How much debt does Netcapital Inc. Warrants have?

As of fiscal year 2025, Netcapital Inc. Warrants (NCPLW) had $289K in cash and equivalents against $500K in long-term debt.

What is Netcapital Inc. Warrants's gross margin?

Netcapital Inc. Warrants (NCPLW) had a gross margin of 95.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Netcapital Inc. Warrants's return on equity (ROE)?

Netcapital Inc. Warrants (NCPLW) has a return on equity of -189.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Netcapital Inc. Warrants's operating cash flow?

Netcapital Inc. Warrants (NCPLW) recorded an outflow of $5.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Netcapital Inc. Warrants's total assets?

Netcapital Inc. Warrants (NCPLW) had $20.9M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Netcapital Inc. Warrants have outstanding?

Netcapital Inc. Warrants (NCPLW) had 5M shares outstanding as of fiscal year 2025.

What is Netcapital Inc. Warrants's current ratio?

Netcapital Inc. Warrants (NCPLW) had a current ratio of 0.07 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Netcapital Inc. Warrants's debt-to-equity ratio?

Netcapital Inc. Warrants (NCPLW) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Netcapital Inc. Warrants's return on assets (ROA)?

Netcapital Inc. Warrants (NCPLW) had a return on assets of -135.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

How does Netcapital Inc. Warrants's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Netcapital Inc. Warrants (NCPLW) held $289K in cash, cash equivalents and investments, and reported an operating cash outflow of $5.3M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is Netcapital Inc. Warrants's Piotroski F-Score?

Netcapital Inc. Warrants (NCPLW) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Netcapital Inc. Warrants's earnings high quality?

Netcapital Inc. Warrants (NCPLW) reported a net loss of $28.3M while operations used $5.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Netcapital Inc. Warrants cover its interest payments?

Netcapital Inc. Warrants (NCPLW) reported an operating loss of $8.3M against $41K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.