---
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"
generated_at: "2026-05-17T13:54:36.465685+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Netcapital FY2025 revenue $869K, down 82% YoY; operating loss $8.3M, includes $19.9M impairment

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-023467
- JSON: https://secwatch.observer/filing/0001641172-25-023467.json
- Plain text: https://secwatch.observer/filing/0001641172-25-023467.txt

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