Revenue
94.3 thousand USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 94347 USD Source
Fundies. English
NETCAPITAL INC.
EDGARAnnual consolidated revenue for 2025: about USD 869.5K, using the latest reported figures. The previous period, 2024, was about USD 4.951M.
Latest quarter
Operating margin
-2,304.61%
2026 Q3 · %
Operating cash flow
-869 thousand USD
2026 Q3 · USD
- Cash and cash equivalents
- 2.47 million USD Source
Exact value
2473959 USD
- Long-term debt including current maturities
- 492 thousand USD Source
Exact value
492443 USD
- Shares outstanding
- 6.85 million shares Source
Exact value
6847899 shares
Reported share-count change
224.16% · 4.74 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
740 thousand USD
2025-02-01 – 2026-01-31
Net income
-28.1 million USD
2025-02-01 – 2026-01-31
Exact inputs and evidence
Operating cash flow
-8.39 million USD
2025-02-01 – 2026-01-31
Exact inputs and evidence
- Operating cash flow: -5339211 USD · 2024-05-01 – 2025-04-30 Source
- Operating cash flow: -4614630 USD · 2024-05-01 – 2025-01-31 Source
- Operating cash flow: -4214258 USD · 2025-05-01 – 2025-07-31 Source
- Operating cash flow: -6792561 USD · 2025-05-01 – 2025-10-31 Source
- Operating cash flow: -4214258 USD · 2025-05-01 – 2025-07-31 Source
- Operating cash flow: -7661306 USD · 2025-05-01 – 2026-01-31 Source
- Operating cash flow: -6792561 USD · 2025-05-01 – 2025-10-31 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-20.
Financial data available through: 2025-04-30.
Coverage by financial measure
- Revenue: 11 of 11 periods available· newest 2025-04-30
- Operating income: 10 of 11 periods available· newest 2025-04-30
- Net income: 11 of 11 periods available· newest 2025-04-30
- Operating cash flow: 11 of 11 periods available· newest 2025-04-30
- capital expenditure: No compatible figures in this window
- Total assets: 11 of 11 periods available· newest 2025-04-30
- Total liabilities: 11 of 11 periods available· newest 2025-04-30
- Current assets: 11 of 11 periods available· newest 2025-04-30
- Current liabilities: 11 of 11 periods available· newest 2025-04-30
- Cash and cash equivalents: 7 of 11 periods available· newest 2021-04-30
- Long-term debt including current maturities: 5 of 11 periods available· newest 2025-04-30
- Shares outstanding: 11 of 11 periods available· newest 2025-04-30
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
-82.4%Prior period
USD 4.95 million
–
Current period
USD 869,460
–
Exact inputs and evidence
869460 − 4951435 = -4081975 USD
4951435 USD · 2023-05-01 – 2024-04-30
Inspect prior input Prior source869460 USD · 2024-05-01 – 2025-04-30
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
−USD 23.32 millionPrior period
−USD 4.99 million
–
Current period
−USD 28.3 million
–
Exact inputs and evidence
-28301325 − -4986317 = -23315008 USD
-4986317 USD · 2023-05-01 – 2024-04-30
Inspect prior input Prior source-28301325 USD · 2024-05-01 – 2025-04-30
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
−USD 459,373Prior period
−USD 4.88 million
–
Current period
−USD 5.34 million
–
Exact inputs and evidence
-5339211 − -4879838 = -459373 USD
-4879838 USD · 2023-05-01 – 2024-04-30
Inspect prior input Prior source-5339211 USD · 2024-05-01 – 2025-04-30
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2024-05-01 – 2025-04-30
- Revenue USD 869,460 100% of revenue
- Operating costs Derived USD 9.19 million 1,057% of revenue
- Operating income −USD 8.32 million −957% of revenue
- Tax, interest and other Derived USD 19.98 million 2,298% of revenue
- Net income −USD 28.3 million −3,255% of revenue
Cash
- Operating cash flow −USD 5.34 million −614% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 Operating loss: operating costs were 1,676% of revenue.
- 2017 Operating loss: operating costs were 2,653% of revenue.
- 2018 Operating loss: operating costs were 273% of revenue.
- 2019 58%38%
- 2020 34%31%35%
- 2021 Operating loss: operating costs were 109% of revenue.
- 2022 Operating loss: operating costs were 119% of revenue.
- 2023 Net income was higher than operating income, so the split is not drawn.
- 2024 Operating loss: operating costs were 170% of revenue.
- 2025 Operating loss: operating costs were 1,057% of revenue.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2015-05-01 – 2016-04-30 | 44878 | 752116 Derived | -707238 | 128636 Derived | -835874 | Unavailable | Source
|
| 2017 2016-05-01 – 2017-04-30 | 21508 | 570551 Derived | -549043 | 279078 Derived | -828121 | Unavailable | Source
|
| 2018 2017-05-01 – 2018-04-30 | 111171 | 303225 Derived | -192054 | -323183 Derived | 131129 | Unavailable | Source
|
| 2019 2018-05-01 – 2019-04-30 | 1013612 | 389179 Derived | 624433 | 41553 Derived | 582880 | Unavailable | Source
|
| 2020 2019-05-01 – 2020-04-30 | 1753558 | 606336 Derived | 1147222 | 542371 Derived | 604851 | Unavailable | Source
|
| 2021 2020-05-01 – 2021-04-30 | 4721003 | 5122504 Derived | -401501 | -1871161 Derived | 1469660 | Unavailable | Source
|
| 2022 2021-05-01 – 2022-04-30 | 5480835 | 6511981 Derived | -1031146 | -4534676 Derived | 3503530 | Unavailable | Source
|
| 2023 2022-05-01 – 2023-04-30 | 8493985 | 6222109 Derived | 2271876 | -683096 Derived | 2954972 | Unavailable | Source
|
| 2024 2023-05-01 – 2024-04-30 | 4951435 | 8393823 Derived | -3442388 | 1543929 Derived | -4986317 | Unavailable | Source
|
| 2025 2024-05-01 – 2025-04-30 | 869460 | 9190777 Derived | -8321317 | 19980008 Derived | -28301325 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 869.5K 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 44878 |
|
| 2017 | Revenue | 21508 |
|
| 2018 | Revenue | 111171 |
|
| 2019 | Revenue | 1013612 |
|
| 2020 | Revenue | 1753558 |
|
| 2021 | Revenue | 4721003 |
|
| 2022 | Revenue | 5480835 |
|
| 2023 | Revenue | 8493985 |
|
| 2024 | Revenue | 4951435 |
|
| 2025 | Revenue | 869460 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
-82.4% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | -52.1% |
|
| 2017 | Year over year | -52.1% |
|
| 2018 | Year over year | 416.9% |
|
| 2019 | Year over year | 811.8% |
|
| 2020 | Year over year | 73% |
|
| 2021 | Year over year | 169.2% |
|
| 2022 | Year over year | 16.1% |
|
| 2023 | Year over year | 55% |
|
| 2024 | Year over year | -41.7% |
|
| 2025 | Year over year | -82.4% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin -957.1% 2025
Net margin -3,255% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | -1,575.9% |
|
| 2017 | Operating margin | -2,552.7% |
|
| 2018 | Operating margin | -172.8% |
|
| 2019 | Operating margin | 61.6% |
|
| 2020 | Operating margin | 65.4% |
|
| 2021 | Operating margin | -8.5% |
|
| 2022 | Operating margin | -18.8% |
|
| 2023 | Operating margin | 26.7% |
|
| 2024 | Operating margin | -69.5% |
|
| 2025 | Operating margin | -957.1% |
|
| 2016 | Net margin | -1,862.5% |
|
| 2017 | Net margin | -3,850.3% |
|
| 2018 | Net margin | 118% |
|
| 2019 | Net margin | 57.5% |
|
| 2020 | Net margin | 34.5% |
|
| 2021 | Net margin | 31.1% |
|
| 2022 | Net margin | 63.9% |
|
| 2023 | Net margin | 34.8% |
|
| 2024 | Net margin | -100.7% |
|
| 2025 | Net margin | -3,255% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD -5.3M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | -21729 |
|
| 2017 | Operating cash flow | -14179 |
|
| 2018 | Operating cash flow | -50156 |
|
| 2019 | Operating cash flow | 30558 |
|
| 2020 | Operating cash flow | -3604 |
|
| 2021 | Operating cash flow | -3250868 |
|
| 2022 | Operating cash flow | -3006667 |
|
| 2023 | Operating cash flow | -4617200 |
|
| 2024 | Operating cash flow | -4879838 |
|
| 2025 | Operating cash flow | -5339211 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
28.7% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Liabilities / assets | 354.2% |
|
| 2017 | Liabilities / assets | 13,218.8% |
|
| 2018 | Liabilities / assets | 1,608% |
|
| 2019 | Liabilities / assets | 220.3% |
|
| 2020 | Liabilities / assets | 69.3% |
|
| 2021 | Liabilities / assets | 44.9% |
|
| 2022 | Liabilities / assets | 20.6% |
|
| 2023 | Liabilities / assets | 13.5% |
|
| 2024 | Liabilities / assets | 8.7% |
|
| 2025 | Liabilities / assets | 28.7% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
0.07× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Current assets / current liabilities | 0.2× |
|
| 2017 | Current assets / current liabilities | 0.01× |
|
| 2018 | Current assets / current liabilities | 0.07× |
|
| 2019 | Current assets / current liabilities | 0.11× |
|
| 2020 | Current assets / current liabilities | 0.31× |
|
| 2021 | Current assets / current liabilities | 0.49× |
|
| 2022 | Current assets / current liabilities | 0.48× |
|
| 2023 | Current assets / current liabilities | 0.49× |
|
| 2024 | Current assets / current liabilities | 0.33× |
|
| 2025 | Current assets / current liabilities | 0.07× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2015-05-01 – 2016-04-30 | −USD 835,874 Exact valueExact value: -835874 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 21,729 Exact valueExact value: -21729 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2016-05-01 – 2017-04-30 | −USD 828,121 Exact valueExact value: -828121 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 14,179 Exact valueExact value: -14179 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2017-05-01 – 2018-04-30 | USD 131,129 Exact valueExact value: 131129 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 50,156 Exact valueExact value: -50156 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2018-05-01 – 2019-04-30 | USD 582,880 Exact valueExact value: 582880 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 30,558 Exact valueExact value: 30558 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2019-05-01 – 2020-04-30 | USD 604,851 Exact valueExact value: 604851 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 3,604 Exact valueExact value: -3604 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2020-05-01 – 2021-04-30 | USD 1.47 million Exact valueExact value: 1469660 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 3.25 million Exact valueExact value: -3250868 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2021-05-01 – 2022-04-30 | USD 3.5 million Exact valueExact value: 3503530 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 3.01 million Exact valueExact value: -3006667 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2022-05-01 – 2023-04-30 | USD 2.95 million Exact valueExact value: 2954972 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 4.62 million Exact valueExact value: -4617200 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2023-05-01 – 2024-04-30 | −USD 4.99 million Exact valueExact value: -4986317 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 4.88 million Exact valueExact value: -4879838 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2024-05-01 – 2025-04-30 | −USD 28.3 million Exact valueExact value: -28301325 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 5.34 million Exact valueExact value: -5339211 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
69 filings · 3,139 latest values · 3,139 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001414767, 1414767, NCPL, NCPLW, VSTR, edgar:1414767
Also known as NETCAPITAL INC., NETCAPITAL INC., NETCAPITAL INC., Netcapital Inc., Netcapital Inc., ValueSetters Corp, ValueSetters Inc.