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

Netcapital (NCPL) posted Cost of Revenue of $1823.0 for Q1 2026, down 2.88% sequentially from $1877.0 in Q4 2025, and down 74.52% YoY from $7155.0 in Q1 2025.

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

Netcapital (NCPL) has 13 years of Cost of Revenue data on file, last reported at $1823.0 in Q1 2026.

  • Quarterly Cost of Revenue fell 74.52% year-over-year to $1823.0 in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $11652.0 (up 106.64% YoY) and the FY2025 annual result came in at $37699.0, down 65.11% from the prior year.
  • Cost of Revenue slipped to $1823.0 in Q1 2026 per NCPL's latest filing, from $1877.0 in the prior quarter.
  • The five-year high for Cost of Revenue was $241888.0 in Q3 2023, with the low at -$212757.0 in Q2 2024.
  • Average Cost of Revenue over 5 years is $18025.2, with a median of $21063.0 recorded in 2022.
  • Year-over-year, Cost of Revenue surged 1048.4% in 2023 and slumped 1007.86% in 2024.
  • Netcapital's Cost of Revenue stood at $32882.0 in 2022, then jumped by 42.12% to $46731.0 in 2023, then tumbled by 57.67% to $19781.0 in 2024, then sank by 90.51% to $1877.0 in 2025, then declined by 2.88% to $1823.0 in 2026.
  • Business Quant data shows NCPL's Cost of Revenue at $1823.0 in Q1 2026, $1877.0 in Q4 2025, and $7409.0 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 65.09 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 107.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 6.62 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 39,000.00
10 Netcapital 2.97 Mn 2.26 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