---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-027798"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2025-12-15T23:59:59+00:00"
generated_at: "2026-05-16T13:11:48.891148+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-027798
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2025-12-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315225027798/0001493152-25-027798-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315225027798/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-027798
- JSON: https://secwatch.observer/filing/0001493152-25-027798.json
- Plain text: https://secwatch.observer/filing/0001493152-25-027798.txt

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