Netcapital Announces Full Year Fiscal 2025 Financial Results
Netcapital (NASDAQ: NCPL), a digital private capital markets ecosystem, reported its fiscal year 2025 financial results, showing significant revenue decline and increased losses. The company reported revenues of $869,460, down from $4.95 million in FY2024, primarily due to decreased consulting services.
The company recorded an operating loss of ($8.32 million) compared to ($3.44 million) in FY2024, and an impairment loss of $19.9 million. Net loss per share improved to ($20.39) from ($28.83) in the previous year. CEO Martin Kay highlighted the company's strategic shift, including securing a broker-dealer license to serve a broader market base.
Netcapital (NASDAQ: NCPL), un ecosistema digitale per i mercati privati dei capitali, ha reso noti i risultati finanziari per l'esercizio fiscale 2025, evidenziando un marcato calo dei ricavi e un aumento delle perdite. La società ha registrato ricavi per $869.460, in diminuzione rispetto ai $4,95 milioni del FY2024, principalmente a causa della riduzione dei servizi di consulenza.
Ha riportato una perdita operativa di ($8,32 milioni) rispetto a ($3,44 milioni) nel FY2024 e una svalutazione di $19,9 milioni. La perdita netta per azione è migliorata a ($20,39) da ($28,83) dell'anno precedente. Il CEO Martin Kay ha sottolineato il cambio strategico della società, incluso il conseguimento di una licenza da broker-dealer per servire una base di mercato più ampia.
Netcapital (NASDAQ: NCPL), un ecosistema digital de mercados privados de capital, presentó sus resultados financieros del año fiscal 2025, mostrando una importante caída de ingresos y un aumento de las pérdidas. La compañía informó ingresos por $869,460, frente a $4.95 millones en el FY2024, principalmente por la disminución de los servicios de consultoría.
Registró una pérdida operativa de ($8.32 millones) comparada con ($3.44 millones) en el FY2024, y una pérdida por deterioro de $19.9 millones. La pérdida neta por acción mejoró a ($20.39) desde ($28.83) el año anterior. El CEO Martin Kay destacó el cambio estratégico de la compañía, que incluye la obtención de una licencia de broker-dealer para atender a una base de mercado más amplia.
Netcapital (NASDAQ: NCPL)은 디지털 사모 자본 시장 생태계로, 2025 회계연도 재무 실적을 발표하며 매출이 크게 감소하고 손실이 확대되었다고 밝혔습니다. 회사는 수익 $869,460를 보고했으며, 이는 FY2024의 $4.95 million에서 감소한 수치로 주로 컨설팅 서비스 축소가 원인입니다.
영업손실은 ($8.32 million)으로 FY2024의 ($3.44 million)에서 악화되었고, $19.9 million의 손상차손을 기록했습니다. 주당 순손실은 전년의 ($28.83)에서 개선되어 ($20.39)가 되었습니다. CEO 마틴 케이는 브로커-딜러 라이선스 취득 등 더 넓은 시장을 공략하기 위한 전략적 전환을 강조했습니다.
Netcapital (NASDAQ: NCPL), un écosystème numérique pour les marchés privés de capitaux, a publié ses résultats financiers pour l'exercice 2025, montrant une forte baisse des revenus et une augmentation des pertes. La société a déclaré des revenus de $869,460, en baisse par rapport à 4,95 millions de dollars en FY2024, principalement en raison d'une diminution des prestations de conseil.
La société a enregistré une perte d'exploitation de ($8,32 millions) contre ($3,44 millions) en FY2024, ainsi qu'une dépréciation de $19,9 millions. La perte nette par action s'est améliorée à ($20,39) contre ($28,83) l'année précédente. Le PDG Martin Kay a souligné l'orientation stratégique de la société, notamment l'obtention d'une licence de broker-dealer pour desservir une clientèle de marché plus large.
Netcapital (NASDAQ: NCPL), ein digitales Ökosystem für private Kapitalmärkte, legte seine Finanzergebnisse für das Geschäftsjahr 2025 vor und wies einen deutlichen Umsatzrückgang sowie gestiegene Verluste aus. Das Unternehmen meldete Umsatzerlöse von $869.460, nach $4,95 Millionen im Geschäftsjahr 2024, hauptsächlich bedingt durch rückläufige Beratungsleistungen.
Das operative Ergebnis belief sich auf einen Verlust von ($8,32 Millionen) gegenüber ($3,44 Millionen) im Geschäftsjahr 2024; zusätzlich wurde ein Wertminderungsaufwand von $19,9 Millionen verbucht. Der Nettoverlust je Aktie verbesserte sich auf ($20,39) gegenüber ($28,83) im Vorjahr. CEO Martin Kay hob die strategische Neuausrichtung des Unternehmens hervor, einschließlich der Erlangung einer Broker-Dealer-Lizenz zur Ansprache eines breiteren Marktes.
- Secured broker-dealer license, expanding market opportunities
- Net loss per share improved to ($20.39) from ($28.83) year-over-year
- Strategic shift focused on building stronger, more scalable foundation
- Revenue declined 82% to $869,460 from $4.95 million in FY2024
- Operating loss increased to $8.32 million from $3.44 million year-over-year
- Recorded significant impairment loss of $19.9 million
- Substantial decrease in consulting services revenue
- Management to Host Earnings Call on August 13, 2025 at 10 a.m. ET
BOSTON, MA, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced financial results for the full fiscal year 2025 ended April 30, 2025.
“In 2025, we made an important shift in strategy to focus on building a stronger, more scalable foundation for the future,” said Martin Kay, CEO of Netcapital Inc. “With our broker-dealer license secured, we believe we are well positioned to serve a broader base of issuers and investors and deepen our impact on democratizing access to private markets—our core mission. We remain deeply committed to disciplined execution, product innovation, and long-term value creation.”
Fiscal Year 2025 Financial Results
- Reported revenues of
$869,460 vs.$4,951,435 in fiscal year 2024, primarily due to a decrease in consulting services - Operating loss of (
$8,321,317) vs. ($3,442,388) for fiscal year 2024 - Recorded impairment loss of
$19.9 million in fiscal year 2025 - Net loss per share of (
$20.39) vs. ($28.83) for fiscal year 2024
Conference Call Information
The Company will host an investor conference call on August 13, 2025, at 9 a.m. ET.
Participant access: 844-985-2012 or 973-528-0138
Conference entry code: 310637
For additional disclosure regarding Netcapital’s operating results, please refer to the Annual Report on Form 10-K for the period ended April 30, 2025, which has been filed with the Securities and Exchange Commission.
About Netcapital Inc.
Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal Inc. is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association. The Company’s broker-dealer, Netcapital Securities Inc., is also registered with the SEC and is a member of FINRA.
Forward Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Investor Contact
800-460-0815
ir@netcapital.com
NETCAPITAL INC.
CONSOLIDATED BALANCE SHEETS
| April 30, 2025 | April 30, 2024 | |||||||
| Assets: | ||||||||
| Cash and cash equivalents | $ | 289,428 | $ | 863,182 | ||||
| Accounts receivable net | 78,649 | 134,849 | ||||||
| Note receivable | - | 20,000 | ||||||
| Other receivables | - | 1,200 | ||||||
| Prepaid expenses | 31,535 | 23,304 | ||||||
| Total current assets | 399,612 | 1,042,535 | ||||||
| Deposits | 6,300 | 6,300 | ||||||
| Notes receivable - related parties | 50,000 | 202,000 | ||||||
| Purchased technology, net | 14,697,529 | 14,733,005 | ||||||
| Investment in affiliate | - | 240,080 | ||||||
| Equity securities | 5,748,050 | 25,333,386 | ||||||
| Total assets | $ | 20,901,491 | $ | 41,557,306 | ||||
| Liabilities and Stockholders’ Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 2,941,108 | $ | 793,325 | ||||
| Accrued expenses | 269,971 | 310,300 | ||||||
| Short-term promissory notes | 263,437 | - | ||||||
| Deferred revenue | 330 | 466 | ||||||
| Interest payable | 100,797 | 92,483 | ||||||
| Current portion of SBA loans | 1,885,800 | 1,885,800 | ||||||
| Loan payable - bank | 34,324 | 34,324 | ||||||
| Total current liabilities | 5,495,767 | 3,116,698 | ||||||
| Long-term liabilities: | ||||||||
| Long-term SBA loans, less current portion | 500,000 | 500,000 | ||||||
| Total liabilities | 5,995,767 | 3,616,698 | ||||||
| Commitments and contingencies | - | - | ||||||
| Stockholders’ equity: | ||||||||
| Common stock, $.001 par value; 900,000,000 shares authorized, 2,192,226 and 326,867 shares issued and outstanding | 2,192 | 327 | ||||||
| Shares to be issued | 200,000 | 122,124 | ||||||
| Capital in excess of par value | 42,525,294 | 37,338,594 | ||||||
| Retained earnings | (27,821,762 | ) | 479,563 | |||||
| Total stockholders’ equity | 14,905,724 | 37,940,608 | ||||||
| Total liabilities and stockholders’ equity | $ | 20,901,491 | $ | 41,557,306 | ||||
NETCAPITAL INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
| Year Ended | Year Ended | |||||||
| April 30, 2025 | April 30, 2024 | |||||||
| Revenues | $ | 869,460 | $ | 4,951,435 | ||||
| Costs of services | 40,344 | 108,060 | ||||||
| Gross profit | 829,116 | 4,843,375 | ||||||
| Costs and expenses: | ||||||||
| Consulting expense | 314,947 | 610,209 | ||||||
| Marketing | 37,699 | 333,771 | ||||||
| Rent | 79,568 | 76,117 | ||||||
| Payroll and payroll related expenses | 3,502,166 | 3,838,640 | ||||||
| General and administrative costs | 5,216,053 | 3,427,026 | ||||||
| Total costs and expenses | 9,150,433 | 8,285,763 | ||||||
| Operating loss | (8,321,317 | ) | (3,442,388 | ) | ||||
| Other income (expense): | ||||||||
| Interest expense | (41,289 | ) | (45,990 | ) | ||||
| Amortization of intangible assets | (35,476 | ) | (93,862 | ) | ||||
| Impairment expense | (19,915,556 | ) | (1,048,430 | ) | ||||
| Other income | 1,200 | 1,200 | ||||||
| Unrealized gain (loss) on equity securities | 18,050 | (2,696,135 | ) | |||||
| Accretion on short-term notes | (6,937 | ) | - | |||||
| Total other income (expense) | (19,980,008 | ) | (3,883,217 | ) | ||||
| Net loss before taxes | (28,301,325 | ) | (7,325,605 | ) | ||||
| Income tax expense (benefit) | - | (2,339,288 | ) | |||||
| Net loss | $ | (28,301,325 | ) | $ | (4,986,317 | ) | ||
| Basic loss per share | $ | (20.39 | ) | $ | (28.83 | ) | ||
| Diluted loss per share | $ | (20.39 | ) | $ | (28.83 | ) | ||
| Weighted average number of common shares outstanding: | ||||||||
| Basic | 1,387,666 | 172,937 | ||||||
| Diluted | 1,387,666 | 172,937 | ||||||
FAQ
What were Netcapital's (NCPL) key financial results for fiscal year 2025?
How did Netcapital's FY2025 revenue compare to FY2024?
What strategic changes did Netcapital (NCPL) implement in 2025?
When is Netcapital's (NCPL) earnings conference call for FY2025?
What caused Netcapital's revenue decline in FY2025?
