Netcapital (NCPL) Gross Margin (2013 - 2026)

Netcapital has disclosed Gross Margin across 14 years of filings, most recently posting 98.07% for Q1 2026.

• Gross Margin for Q1 2026 came in at 98.07%, up 275.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 98.07% (up 399.0% YoY), and the FY2025 annual result was 95.36%, down 246.0% from the prior year.
• Gross Margin came in at 98.07% for Q1 2026 at Netcapital, up from 96.33% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 99.81% in Q1 2023 to a low of 88.4% in Q4 2024.
• The 5-year median for Gross Margin is 97.96% (2022), against an average of 96.89%.
• Across the five-year window, Gross Margin tumbled 1061 bps in 2024 and jumped 792 bps in 2025, its largest moves.
• Netcapital's Gross Margin stood at 97.96% in 2022, then gained by 1 bps to 99.01% in 2023, then decreased by 11 bps to 88.4% in 2024, then gained by 9 bps to 96.33% in 2025, then increased by 2 bps to 98.07% in 2026.
• The last three Gross Margin figures came in at 98.07% (Q1 2026), 96.33% (Q4 2025), and 96.1% (Q3 2025), per Business Quant data.