{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-023467","form_type":"8-K","ticker":"NCPL","cik":"0001414767","company_name":"Netcapital Inc.","filed_at":"2025-08-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.931463+00:00","generated_at":"2026-05-17T13:54:36.465685+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Netcapital FY2025 revenue $869K, down 82% YoY; operating loss $8.3M, includes $19.9M impairment","bullets":["Revenue $869,460 vs $4,951,435 in FY2024, down 82% on lower consulting services.","Operating loss widened to $8,321,317 from $3,442,388; includes $19.9M impairment loss.","Net loss per share ($20.39) vs ($28.83) in prior year.","Management highlights strategic shift and secured broker-dealer license; earnings call Aug 13, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-023467","json":"https://secwatch.observer/filing/0001641172-25-023467.json","markdown":"https://secwatch.observer/filing/0001641172-25-023467.md","text":"https://secwatch.observer/filing/0001641172-25-023467.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1414767/000164117225023467/0001641172-25-023467-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1414767/000164117225023467/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T13:54:36.465685+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}