Event-Driven Stocks

Netcapital Inc.

NCPLNasdaq

Financials · Finance Services · UT · SEC filings ↗ · Compare ⊕

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Signs● 2 good● 4 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$869,460$5.0M$8.5M$5.5M$4.7M$1.8M
Operating income−$8.3M−$3.4M$2.3M−$1.0M−$401,501$1.1M
Net income−$28.3M−$5.0M$3.0M$3.5M$1.5M$604,851
Total assets$20.9M$41.6M$41.8M$31.8M$25.7M$2.2M
Total liabilities$6.0M$3.6M$5.7M$6.6M$11.5M$1.5M
Equity$14.9M$37.9M$34.3M$24.3M$14.2M$679,156
EPS (diluted)$-20.39$-28.83$0.63$1.27$0.89$1.50
Shares out.4.7M40.5M9.4M4.3M2.7M831.3M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−957.1%
Net margin
−3255.0%
Return on equity
−189.9%
Return on assets
−135.4%
Return on capital (ROCE)
−54.0%
Liabilities / assets
28.7%
Debt / equity
0.40×
Book value / share
$3.16
Revenue growth (YoY)
−82.4%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-6.00distress
Accruals / assets
−109.9%clean
Piotroski F-Score
2/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
30
/ 100
Profitability 0Growth 0Catalyst 33Earnings quality 67Financial strength 50

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 2 severe● 4 warning● 2 good
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • Negative operating cash flow
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 202688,4421.0-14.3%
Apr 30, 2026103,2091.0-23.5%
Apr 15, 2026134,9871.0+56.4%
Mar 31, 202686,2981.0-1.5%
Mar 13, 202687,6031.0-43.2%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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