Netcapital Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $869.5K | $5.0M | $8.5M | $5.5M | $4.7M | $1.8M | $1.0M | $111.2K |
| Cost of Revenue | $40.3K | $108.1K | $85.0K | $110.1K | $759.2K | $11.1K | $25.2K | $23.9K |
| Gross Profit | $829.1K | $4.8M | $8.4M | $5.4M | $4.0M | $1.7M | $988.4K | $87.3K |
| Gross Margin | 95.4% | 97.8% | 99.0% | 98.0% | 83.9% | 99.4% | 97.5% | 78.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $5.2M | $3.4M | $1.7M | $1.6M | $465.0K | $72.7K | $54.2K | $66.8K |
| Operating Income | $-8.3M | $-3.4M | $2.3M | $-1.0M | $-401.5K | $1.1M | $624.4K | $-192.1K |
| Operating Margin | -957.1% | -69.5% | 26.7% | -18.8% | -8.5% | 65.4% | 61.6% | -172.8% |
| Interest Expense | — | — | $93.8K | $126.4K | $87.3K | $18.9K | $19.4K | $69.5K |
| Pretax Income | $-28.3M | $-7.3M | — | — | — | — | — | — |
| Income Tax Expense | — | $-2.3M | $854.0K | $544.0K | $613.0K | $-129.0K | $-3.7K | — |
| Net Income | $-28.3M | $-5.0M | $3.0M | $3.5M | $1.5M | $604.9K | $582.9K | $131.1K |
| Net Margin | -3,255.0% | -100.7% | 34.8% | 63.9% | 31.1% | 34.5% | 57.5% | 118.0% |
| EPS (Basic) | $-20.39 | $-3.60 | $0.08 | $0.16 | $0.15 | $0.05 | $0.00 | $0.00 |
| EPS (Diluted) | $-20.39 | $-3.60 | $0.08 | $0.16 | $0.11 | $0.05 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 1.4M | 1.4M | 37.4M | 21.3M | 10.0M | 25.75B | 23.74B | 20.41B |
| Shares Outstanding (Diluted) | 1.4M | 1.4M | 37.4M | 22.0M | 13.2M | 12.9M | 23.74B | 20.41B |
| Dividends Per Share | — | — | — | — | — | — | — | — |