Netcapital shares outstanding NCPL
Diluted shares outstanding, averaged over each quarter, from 2012.
- Latest quarter, to Jan 31, 2026
- 5.6M
- On a year earlier
- +193.0%
- more shares
Netcapital had 5.6M diluted shares outstanding on average in Q3 FY26, the quarter to Jan 31, 2026.
That is 193.0% more than a year earlier, so each share owns a little less of the company.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 2.2M | +668% |
| FY2024 | 288.9K | +230% |
| FY2023 | 87.6K | +97% |
| FY2022 | 44.6K | +21% |
| FY2021 | 36.9K | +542% |
| FY2020 | 5.7K | +7% |
| FY2019 | 5.4K | +2% |
| FY2018 | 5.2K | +40% |
| FY2017 | 3.7K | +3% |
| FY2016 | 3.6K | +2% |
| FY2015 | 3.6K | +0% |
| FY2014 | 3.6K | +0% |
| FY2013 | 3.6K | n/a |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q3 FY26 | 5.6M | +193% | |
| Q2 FY26 | 4.8M | +408% | |
| Q1 FY26 | 2.9M | +480% | |
| Q4 FY25 | 2.2M | +668% | |
| Q3 FY25 | 1.9M | +1069% | |
| Q2 FY25 | 947.5K | +603% | |
| Q1 FY25 | 495.3K | +364% | |
| Q4 FY24 | 288.9K | +230% | |
| Q3 FY24 | 163.8K | +122% | |
| Q2 FY24 | 134.8K | +120% | |
| Q1 FY24 | 106.7K | +136% | |
| Q4 FY23 | 87.6K | +97% |
What the shares outstanding tells you
Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.
A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.
More on Netcapital
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.