Netcapital Q2 FY2026 revenue falls 70% YoY to $51K; operating loss $2.1M; acquires Rivetz assets, new CEO Rich Wheeless

Netcapital Inc.

2026-Q2 EPS reported -$1.50 revenue$241,134

Total revenues $51,076, down 70% YoY from $170,528; net loss ($0.44) per share vs ($2.34) prior year.
Operating loss of $2.12M vs $2.20M prior year; cash balance $1.68M, up from $289K at April 30.
On Dec 3, 2025, closed asset purchase of Rivetz Corp's Rivetz Network for blockchain security technology.
Newly appointed CEO Rich Wheeless to host business update call Dec 16 at 10am ET; plans to offer crypto/blockchain financing.

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