Netcapital Inc (NCPL) - Net Assets
Based on the latest financial reports, Netcapital Inc (NCPL) has net assets worth $21.44 Million USD as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.44 Million) and total liabilities ($4.00 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Netcapital Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $21.44 Million |
| % of Total Assets | 84.27% |
| Annual Growth Rate | N/A |
| 5-Year Change | 5.13% |
| 10-Year Change | N/A |
| Growth Volatility | 789.86 |
Netcapital Inc - Net Assets Trend (2014–2025)
This chart illustrates how Netcapital Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Netcapital Inc for the complete picture of this company's asset base.
Annual Net Assets for Netcapital Inc (2014–2025)
The table below shows the annual net assets of Netcapital Inc from 2014 to 2025. For live valuation and market cap data, see NCPL stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | $14.91 Million | -60.71% |
| 2024-04-30 | $37.94 Million | +4.93% |
| 2023-04-30 | $36.16 Million | +43.26% |
| 2022-04-30 | $25.24 Million | +78.00% |
| 2021-04-30 | $14.18 Million | +1987.67% |
| 2020-04-30 | $679.16K | +178.49% |
| 2019-04-30 | $-865.26K | +41.69% |
| 2018-04-30 | $-1.48 Million | +42.72% |
| 2017-04-30 | $-2.59 Million | -264.63% |
| 2014-04-30 | $-710.51K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Netcapital Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2619028300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $202.19K | 1.36% |
| Other Components | $42.53 Million | 285.30% |
| Total Equity | $14.91 Million | 100.00% |
Netcapital Inc Competitors by Market Cap
The table below lists competitors of Netcapital Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Next 15 Group PLC
LSE:NFG
|
$2.94 Million |
|
Revelation Biosciences Inc
NASDAQ:REVB
|
$2.94 Million |
|
Damon Inc. Common Stock
NASDAQ:DMN
|
$2.94 Million |
|
Rocky Mountain Liquor Inc
V:RUM
|
$2.94 Million |
|
Mid Wynd International Investment Trust plc
LSE:MWY
|
$2.93 Million |
|
NetJobs Group AB
ST:NJOB
|
$2.93 Million |
|
Schroder UK Mid Cap Fund PLC
LSE:SCP
|
$2.93 Million |
|
GANGLONG CHINA PR.GR.LTD
F:52J
|
$2.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Netcapital Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 37,940,608 to 14,905,724, a change of -23,034,884 (-60.7%).
- Net loss of 28,301,325 reduced equity.
- New share issuances of 1,979,000 increased equity.
- Other comprehensive income decreased equity by 122,123.
- Other factors increased equity by 3,409,564.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-28.30 Million | -189.87% |
| Share Issuances | $1.98 Million | +13.28% |
| Other Comprehensive Income | $-122.12K | -0.82% |
| Other Changes | $3.41 Million | +22.87% |
| Total Change | $- | -60.71% |
Book Value vs Market Value Analysis
This analysis compares Netcapital Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.03x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-04-30 | $-2.84 | $0.37 | x |
| 2017-04-30 | $-10.20 | $0.37 | x |
| 2018-04-30 | $-4.65 | $0.37 | x |
| 2019-04-30 | $-2.33 | $0.37 | x |
| 2020-04-30 | $1.69 | $0.37 | x |
| 2021-04-30 | $8.61 | $0.37 | x |
| 2022-04-30 | $9.18 | $0.37 | x |
| 2023-04-30 | $7.73 | $0.37 | x |
| 2024-04-30 | $219.39 | $0.37 | x |
| 2025-04-30 | $10.74 | $0.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Netcapital Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -189.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3255.05%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.40x
- Recent ROE (-189.87%) is below the historical average (-8.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | -598.10% | 2.88x | 0.00x | $43.07K |
| 2017 | 0.00% | -518.70% | 4.74x | 0.00x | $-226.60K |
| 2018 | 0.00% | 117.95% | 1.13x | 0.00x | $279.53K |
| 2019 | 0.00% | 57.51% | 1.41x | 0.00x | $669.41K |
| 2020 | 89.06% | 34.49% | 0.79x | 3.26x | $536.94K |
| 2021 | 10.37% | 31.13% | 0.18x | 1.81x | $51.81K |
| 2022 | 13.88% | 63.92% | 0.17x | 1.26x | $979.74K |
| 2023 | 8.17% | 34.79% | 0.20x | 1.16x | $-660.67K |
| 2024 | -13.14% | -100.70% | 0.12x | 1.10x | $-8.78 Million |
| 2025 | -189.87% | -3255.05% | 0.04x | 1.40x | $-29.79 Million |
Industry Comparison
This section compares Netcapital Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $-508,701,727
- Average return on equity (ROE) among peers: -28.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Netcapital Inc (NCPL) | $21.44 Million | 0.00% | 0.19x | $2.94 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $395.54 Million |
| Abits Group Inc. (ABTS) | $10.38 Million | -8.98% | 0.10x | $4.02 Million |
| Sphere 3D Corp (ANY) | $1.24 Million | -345.24% | 5.78x | $4.44 Million |
| Argo Blockchain PLC ADR (ARBK) | $33.15 Million | 5.93% | 0.34x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-6.80 Billion | 0.00% | 0.00x | $34.90 Million |
| Prestige Wealth Inc. (AURE) | $-291.66K | 0.00% | 0.00x | $43.47 Million |
| Solowin Holdings (AXG) | $1.46 Million | -5.68% | 8.37x | $592.51 Million |
| BGC Group Inc. (BGC) | $271.69 Million | 13.29% | 0.10x | $4.05 Billion |
| Bitfarms Ltd (BITF) | $359.01 Million | 6.16% | 0.51x | $1.21 Billion |
| Bluemount Holdings Limited Class B Ordinary Shares (BMHL) | $18.73 Million | 4.67% | 4.46x | $49.89 Million |
About Netcapital Inc
Netcapital Inc. operates as a fintech company with a technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors in the United States. The company's Netcapital Advisors offers marketing and strategic advice and takes equity positions in select companies. It also provides various services, including an automated onboar… Read more