Feed / NCPL

Netcapital Inc.

NCPL

Financial Services · 0.45 -3.4% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Netcapital Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Company-3.4% todayVolume comparison unavailable
Market group0 of 14 activeClimate Solutions & Machinery · unavailable
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
  • NCPL's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if NCPL's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Financial Services · Capital Markets

No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • NCPL's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Brokerage and capital-markets earnings model

For brokers and capital-markets platforms, the key question is how client activity, interest rates, customer balances, margin lending and market conditions translate into earnings and capital needs.

Key research questions
  • Can client and activity growth offset pressure from lower rates or weaker trading volumes?
  • Are customer balances, margin lending and credit conditions changing the risk profile?
  • Does the valuation reflect a durable earnings model or unusually favorable market conditions?
Annual periods9
Price observations320
Usable filing statements36
Verified relationships0
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Latest annual revenue changed -82.4% year over year.
  • Operating margin changed -887.5 percentage points in the latest annual period.
  • Net margin changed -3154.3 percentage points in the latest annual period.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

0.45
6m-0.7%12m-78.1%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-04-30$4.7M+169.2%$0.89—
2022-04-30$5.5M+16.1%$1.27—
2023-04-30$8.5M+55.0%$0.63—
2024-04-30$5.0M-41.7%$-28.83—
2025-04-30$869,460-82.4%$-20.39—

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 3 filings
“Interest expense increased by $13,700 to $24,076, or approximately 132%, for the three months ended January 31, 2026, as compared to $10,376 during the three months ended January 31, 2025, due to default interest on retired notes.”
10-Q · Mar 19, 2026 ↗

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.

Price action

How the market is pricing the story

0.45-3.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for NCPL. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for NCPL. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind NCPL

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

WLTHCWAN

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

NCPL is currently a Follower in the organic co-movement group Climate Solutions & Machinery. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

This group is retained as the last observed read for NCPL; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.