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Netcapital revenue NCPL

Sales by quarter and over the last twelve months, from 2012.

Last 12 months, to Jan 31, 2026
$739.5K
Latest quarter, Q3 FY26
$94.3K
−38% on a year earlier
Fiscal year 2025
$869.5K
−82% on the year before

Netcapital's revenue was $739.5K over the twelve months to Jan 31, 2026, down 9% on a year earlier.

In its latest quarter, Q3 FY26, it was $94.3K, down 38% on the same quarter a year before.

Over the five fiscal years to FY2025 it shrank 13% a year on average.

Revenue over time

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearRevenueChange
FY2025$869.5K−82%
FY2024$5M−42%
FY2023$8.5M+55%
FY2022$5.5M+16%
FY2021$4.7M+163%
FY2020$1.8M+1028%
FY2018$159K+639%
FY2017$21.5K−52%
FY2016$44.9K−59%
FY2015$110.6K+1261%
FY2013$8.1Kn/a

Each fiscal year is the twelve months to its fourth quarter.

Quarter by quarter

QuarterEndedRevenueOn a year earlierLast 12 months
Q3 FY26$94.3K−38%$739.5K
Q2 FY26$51.1K−70%$797.8K
Q1 FY26$190.1K+34%$917.3K
Q4 FY25$404K+16%$869.5K
Q3 FY25$152.7K−85%$812.6K
Q2 FY25$170.5K−92%$1.7M
Q1 FY25$142.2K−91%$3.6M
Q4 FY24$347.2K−89%$5M
Q3 FY24$1M−54%$7.7M
Q2 FY24$2M+15%$8.9M
Q1 FY24$1.5M+13%$8.7M
Q4 FY23$3.1M+69%$8.5M

Against its peers

Companies in Financial - Credit Services nearest Netcapital's size, closest first, today.

CompanyRevenue, 12 monthsGrowth
NCPLNetcapital$739.5K−9% a year
BCGBinah Capital$191.9M+8% a year
VIPVulcan Infrastructure & Power$50.9M−14% a year
ATCHAtlasClear$20.1M+85% a year
RSSSResearch Solutions$48.3M−2% a year
Peer median$49.6M

What the revenue tells you

Total sales in the period. On the company page, quarterly bars or the trailing twelve months (TTM), which smooths seasonality.

Growing revenue with shrinking margins is a warning, not a win.

More on Netcapital

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.