Netcapital Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Netcapital Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | $869.5K | Aug 12, 2025 |
| FY2025 | Apr 30, 2024 | $4.95M | Aug 12, 2025 |
| FY2024 | Apr 30, 2023 | $8.49M | Jul 29, 2024 |
| FY2023 | Apr 30, 2022 | $5.48M | Jul 26, 2023 |
| FY2022 | Apr 30, 2021 | $4.72M | Aug 8, 2022 |
| FY2021 | Apr 30, 2020 | $1.75M | Aug 31, 2021 |
| FY2020 | Apr 30, 2019 | $1.01M | Aug 11, 2020 |
| FY2019 | Apr 30, 2018 | $111.2K | Aug 5, 2019 |
| FY2018 | Apr 30, 2017 | $21.5K | Jul 30, 2018 |
| FY2017 | Apr 30, 2016 | $44.9K | Sep 8, 2017 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | $869.5K | Aug 12, 2025 |
| FY2025 | Apr 30, 2024 | $4.95M | Aug 12, 2025 |
| FY2024 | Apr 30, 2023 | $8.49M | Jul 29, 2024 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | $829.1K | Aug 12, 2025 |
| FY2025 | Apr 30, 2024 | $4.84M | Aug 12, 2025 |
| FY2024 | Apr 30, 2023 | $8.41M | Jul 29, 2024 |
| FY2023 | Apr 30, 2022 | $5.37M | Jul 26, 2023 |
| FY2022 | Apr 30, 2021 | $3.96M | Aug 8, 2022 |
| FY2021 | Apr 30, 2020 | $1.74M | Aug 31, 2021 |
| FY2020 | Apr 30, 2019 | $988.4K | Aug 11, 2020 |
| FY2019 | Apr 30, 2018 | $87.3K | Aug 5, 2019 |
| FY2018 | Apr 30, 2017 | $21.5K | Jul 30, 2018 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | ($28.30M) | Aug 12, 2025 |
| FY2024 | Apr 30, 2024 | ($2.61M) | Jul 29, 2024 |
| FY2024 | Jan 31, 2024 | ($2.23M) | Jul 29, 2024 |
| FY2024 | Oct 31, 2023 | $339.6K | Jul 29, 2024 |
| FY2024 | Jul 31, 2023 | ($491.7K) | Jul 29, 2024 |
| FY2024 | Apr 30, 2023 | $1.01M | Jul 29, 2024 |
| FY2024 | Jan 31, 2023 | $1.70M | Jul 29, 2024 |
| FY2024 | Oct 31, 2022 | $183.1K | Jul 29, 2024 |
| FY2024 | Jul 31, 2022 | $64.5K | Jul 29, 2024 |
| FY2023 | Apr 30, 2022 | $3.50M | Jul 26, 2023 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | ($8.32M) | Aug 12, 2025 |
| FY2025 | Apr 30, 2024 | ($3.44M) | Aug 12, 2025 |
| FY2024 | Apr 30, 2023 | $2.27M | Jul 29, 2024 |
| FY2023 | Apr 30, 2022 | ($1.03M) | Jul 26, 2023 |
| FY2022 | Apr 30, 2021 | ($401.5K) | Aug 8, 2022 |
| FY2021 | Apr 30, 2020 | $1.15M | Aug 31, 2021 |
| FY2020 | Apr 30, 2019 | $624.4K | Aug 11, 2020 |
| FY2019 | Apr 30, 2018 | ($192.1K) | Aug 5, 2019 |
| FY2018 | Apr 30, 2017 | ($549.0K) | Jul 30, 2018 |
| FY2017 | Apr 30, 2016 | ($707.2K) | Sep 8, 2017 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Apr 30, 2024 | $3.43M | Jul 29, 2024 |
| FY2024 | Apr 30, 2023 | $1.74M | Jul 29, 2024 |
| FY2023 | Apr 30, 2022 | $1.60M | Jul 26, 2023 |
| FY2022 | Apr 30, 2021 | $465.0K | Aug 8, 2022 |
| FY2021 | Apr 30, 2020 | $72.7K | Aug 31, 2021 |
| FY2020 | Apr 30, 2019 | $54.2K | Aug 11, 2020 |
| FY2019 | Apr 30, 2018 | $66.8K | Aug 5, 2019 |
| FY2018 | Apr 30, 2017 | $25.2K | Jul 30, 2018 |
| FY2017 | Apr 30, 2016 | $255.2K | Sep 8, 2017 |
| FY2016 | Apr 30, 2015 | $656.0K | Feb 17, 2017 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | ($5.34M) | Aug 12, 2025 |
| FY2025 | Apr 30, 2024 | ($4.88M) | Aug 12, 2025 |
| FY2024 | Apr 30, 2023 | ($4.62M) | Jul 29, 2024 |
| FY2023 | Apr 30, 2022 | ($3.01M) | Jul 26, 2023 |
| FY2022 | Apr 30, 2021 | ($3.25M) | Aug 8, 2022 |
| FY2021 | Apr 30, 2020 | ($3.6K) | Aug 31, 2021 |
| FY2020 | Apr 30, 2019 | $30.6K | Aug 11, 2020 |
| FY2019 | Apr 30, 2018 | ($50.2K) | Aug 5, 2019 |
| FY2018 | Apr 30, 2017 | ($14.2K) | Jul 30, 2018 |
| FY2017 | Apr 30, 2016 | ($21.7K) | Sep 8, 2017 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | $20.90M | Aug 12, 2025 |
| FY2025 | Apr 30, 2024 | $41.56M | Aug 12, 2025 |
| FY2024 | Apr 30, 2023 | $41.82M | Jul 29, 2024 |
| FY2023 | Apr 30, 2022 | $31.76M | Jul 26, 2023 |
| FY2022 | Apr 30, 2021 | $25.72M | Aug 8, 2022 |
| FY2021 | Apr 30, 2020 | $2.21M | Aug 31, 2021 |
| FY2020 | Apr 30, 2019 | $719.4K | Aug 11, 2020 |
| FY2019 | Apr 30, 2018 | $98.4K | Aug 5, 2019 |
| FY2018 | Apr 30, 2017 | $19.7K | Jul 30, 2018 |
| FY2017 | Apr 30, 2016 | $701.7K | Sep 8, 2017 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | $6.00M | Aug 12, 2025 |
| FY2025 | Apr 30, 2024 | $3.62M | Aug 12, 2025 |
| FY2024 | Apr 30, 2023 | $5.66M | Jul 29, 2024 |
| FY2023 | Apr 30, 2022 | $6.55M | Jul 26, 2023 |
| FY2022 | Apr 30, 2021 | $11.54M | Aug 8, 2022 |
| FY2021 | Apr 30, 2020 | $1.53M | Aug 31, 2021 |
| FY2020 | Apr 30, 2019 | $1.58M | Aug 11, 2020 |
| FY2019 | Apr 30, 2018 | $1.58M | Aug 5, 2019 |
| FY2018 | Apr 30, 2017 | $2.61M | Jul 30, 2018 |
| FY2017 | Apr 30, 2016 | $2.49M | Sep 8, 2017 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | $14.91M | Aug 12, 2025 |
| FY2025 | Apr 30, 2024 | $37.94M | Aug 12, 2025 |
| FY2024 | Jan 31, 2024 | $40.30M | Jul 29, 2024 |
| FY2024 | Oct 31, 2023 | $39.13M | Jul 29, 2024 |
| FY2024 | Jul 31, 2023 | $38.47M | Jul 29, 2024 |
| FY2025 | Apr 30, 2023 | $36.16M | Aug 12, 2025 |
| FY2024 | Jan 31, 2023 | $34.26M | Jul 29, 2024 |
| FY2024 | Oct 31, 2022 | $30.27M | Jul 29, 2024 |
| FY2024 | Jul 31, 2022 | $29.66M | Jul 29, 2024 |
| FY2024 | Apr 30, 2022 | $25.24M | Jul 29, 2024 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | ($27.82M) | Aug 12, 2025 |
| FY2025 | Apr 30, 2024 | $479.6K | Aug 12, 2025 |
| FY2024 | Apr 30, 2023 | $5.47M | Jul 29, 2024 |
| FY2023 | Apr 30, 2022 | $2.51M | Jul 26, 2023 |
| FY2022 | Apr 30, 2021 | ($992.6K) | Aug 8, 2022 |
| FY2021 | Apr 30, 2020 | ($2.46M) | Aug 31, 2021 |
| FY2020 | Apr 30, 2019 | ($3.07M) | Aug 11, 2020 |
| FY2019 | Apr 30, 2018 | ($3.65M) | Aug 5, 2019 |
| FY2018 | Apr 30, 2017 | ($3.78M) | Jul 30, 2018 |
| FY2017 | Apr 30, 2016 | ($2.95M) | Sep 8, 2017 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2021 | Apr 30, 2020 | $11.2K | Aug 31, 2021 |
| FY2021 | Apr 30, 2019 | $19.1K | Aug 31, 2021 |
| FY2020 | Apr 30, 2018 | $1.7K | Aug 11, 2020 |
| FY2019 | Apr 30, 2017 | $17.5K | Aug 5, 2019 |
| FY2018 | Apr 30, 2016 | $843 | Jul 30, 2018 |
| FY2017 | Apr 30, 2015 | $5.2K | Sep 8, 2017 |
| FY2016 | Apr 30, 2014 | $1.6K | Feb 17, 2017 |
| FY2015 | Apr 30, 2013 | $3.1K | Feb 14, 2017 |
| FY2014 | Apr 30, 2012 | $1.9K | Aug 18, 2014 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | $500.0K | Aug 12, 2025 |
| FY2025 | Apr 30, 2024 | $500.0K | Aug 12, 2025 |
| FY2024 | Apr 30, 2023 | $500.0K | Jul 29, 2024 |
| FY2023 | Apr 30, 2022 | $495.1K | Jul 26, 2023 |
| FY2022 | Apr 30, 2021 | $2.39M | Aug 8, 2022 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | (20) | Aug 12, 2025 |
| FY2025 | Apr 30, 2024 | (28) | Aug 12, 2025 |
| FY2024 | Apr 30, 2023 | 0 | Jul 29, 2024 |
| FY2023 | Apr 30, 2022 | 1 | Jul 26, 2023 |
| FY2022 | Apr 30, 2021 | 1 | Aug 8, 2022 |
| FY2021 | Apr 30, 2020 | 1 | Aug 31, 2021 |
| FY2020 | Apr 30, 2019 | 0 | Aug 11, 2020 |
| FY2019 | Apr 30, 2018 | 0 | Aug 5, 2019 |
| FY2018 | Apr 30, 2017 | 0 | Jul 30, 2018 |
| FY2017 | Apr 30, 2016 | 0 | Sep 8, 2017 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | (20) | Aug 12, 2025 |
| FY2025 | Apr 30, 2024 | (28) | Aug 12, 2025 |
| FY2024 | Apr 30, 2023 | 0 | Jul 29, 2024 |
| FY2023 | Apr 30, 2022 | 1 | Jul 26, 2023 |
| FY2022 | Apr 30, 2021 | 0 | Aug 8, 2022 |
| FY2021 | Apr 30, 2020 | 1 | Aug 31, 2021 |
| FY2020 | Apr 30, 2019 | 0 | Aug 11, 2020 |
| FY2019 | Apr 30, 2018 | 0 | Aug 5, 2019 |
| FY2018 | Apr 30, 2017 | 0 | Jul 30, 2018 |
| FY2017 | Apr 30, 2016 | 0 | Sep 8, 2017 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Apr 30, 2025 | 2.19M | Aug 12, 2025 |
| FY2025 | Apr 30, 2024 | 326,867 | Aug 12, 2025 |
| FY2024 | Apr 30, 2023 | 6.44M | Jul 29, 2024 |
| FY2023 | Apr 30, 2022 | 2.93M | Jul 26, 2023 |
| FY2022 | Apr 30, 2021 | 2.18M | Aug 8, 2022 |
| FY2021 | Apr 30, 2020 | 417,059 | Aug 31, 2021 |
| FY2020 | Apr 30, 2019 | 752.52M | Aug 11, 2020 |
| FY2019 | Apr 30, 2018 | 731.69M | Aug 5, 2019 |
| FY2018 | Apr 30, 2017 | 530.00M | Jul 30, 2018 |
| FY2017 | Apr 30, 2016 | 508.00M | Sep 8, 2017 |