Netcapital (NCPL) Cost of Revenue (2013 - 2026)

Netcapital's (NCPL) quarterly Cost of Revenue came in at $1823.0 in Q1 2026, down 74.52% year-on-year from $7155.0 in Q1 2025, and down 2.88% quarter-over-quarter from $1877.0 in Q4 2025.

Netcapital (NCPL) Cost of Revenue (2013 - 2026) Analysis & Trends

Netcapital has disclosed Cost of Revenue across 13 years of filings, most recently posting $1823.0 for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $1823.0, down 74.52% year-over-year; the trailing twelve-month figure through Jan 2026 was $11652.0 (up 106.64% YoY), and the FY2025 annual result was $37699.0, down 65.11% from the prior year.
  • Cost of Revenue came in at $1823.0 for Q1 2026 at Netcapital, down from $1877.0 in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $241888.0 in Q3 2023 to a low of -$212757.0 in Q2 2024.
  • The 5-year median for Cost of Revenue is $21063.0 (2022), against an average of $18025.2.
  • Across the five-year window, Cost of Revenue jumped 1048.4% in 2023 and plunged 1007.86% in 2024, its largest moves.
  • Netcapital's Cost of Revenue stood at $32882.0 in 2022, then jumped by 42.12% to $46731.0 in 2023, then slumped by 57.67% to $19781.0 in 2024, then plunged by 90.51% to $1877.0 in 2025, then decreased by 2.88% to $1823.0 in 2026.
  • The last three Cost of Revenue figures came in at $1823.0 (Q1 2026), $1877.0 (Q4 2025), and $7409.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 SOL Strategies 95,219.34 Bn 95,219.34 Bn - -
2 Morgan Stanley 323.01 Bn 189.48 Bn - -
3 Goldman Sachs 303.95 Bn -633.60 Bn - -
4 Schwab Charles 155.80 Bn 110.82 Bn - -
5 Robinhood Markets 77.67 Bn 73.03 Bn 960.00 Mn 107.00 Mn
6 Interactive Brokers 38.08 Bn 48.67 Bn - -
7 LPL Financial Holdings 23.19 Bn 22.17 Bn - -
8 Tradeweb Markets 21.40 Bn 20.15 Bn - -
9 Circle Internet 19.36 Bn 17.84 Bn 35.01 Mn 6.62 Mn
10 Netcapital 3.82 Mn 3.10 Mn 92,524.00 1,823.00

Historic Data

Download Data
DateValue
Jan 31, 2026 1,823.00
Jan 31, 2026 1,823.00
Oct 31, 2025 1,877.00
Oct 31, 2025 1,877.00
Jul 31, 2025 7,409.00
Jul 31, 2025 7,409.00
Apr 30, 2025 543.00
Apr 30, 2025 543.00
Jan 31, 2025 7,155.00
Jan 31, 2025 7,155.00
Oct 31, 2024 19,781.00
Oct 31, 2024 19,781.00
Jul 31, 2024 10,220.00
Jul 31, 2024 10,220.00
Apr 30, 2024 -212,757.00
Apr 30, 2024 -212,757.00
Jan 31, 2024 32,198.00
Jan 31, 2024 32,198.00
Oct 31, 2023 46,731.00
Oct 31, 2023 46,731.00