---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-010598"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2025-03-17T23:59:59+00:00"
generated_at: "2026-05-24T15:21:46.345153+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Netcapital Q3 FY2025 revenue down 85% YoY to $152,682; net loss $3.0M

## Summary
- Revenue dropped 85% YoY to $152,682 from $1.04M in Q3 FY2024.
- Operating loss widened to $1.69M from $1.21M in prior-year quarter.
- Net loss of $3.01M ($1.57 per share) vs $2.23M ($13.60 per share) last year.
- Cash and equivalents $614,304 as of Jan 31, 2025.
- CEO notes broker-dealer subsidiary approved by FINRA in Nov; first client Algernon for Reg A offering.

## SEC filing metadata
- accession: 0001493152-25-010598
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2025-03-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315225010598/0001493152-25-010598-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315225010598/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-010598
- JSON: https://secwatch.observer/filing/0001493152-25-010598.json
- Plain text: https://secwatch.observer/filing/0001493152-25-010598.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.