Netcapital (NCPL) Operating Expenses (2013 - 2026)

Netcapital has reported Operating Expenses for 14 years, with the latest figure at $2.3 million in Q1 2026.

• Quarterly Operating Expenses rose 23.65% year-over-year to $2.3 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $10.2 million (up 17.51% YoY) and the FY2025 annual result came in at $9.2 million, up 10.44% from the prior year.
• Operating Expenses grew to $2.3 million in Q1 2026 per NCPL's latest filing, from $2.2 million in the prior quarter.
• Over five years, Operating Expenses peaked at $3.5 million in Q3 2025 and troughed at $1.3 million in Q3 2022.
• A 5-year average of $2.0 million and a median of $2.0 million in 2023 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses slipped 21.53% in 2022, then surged 71.44% in 2023.
• Over 5 years, Operating Expenses stood at $1.4 million in 2022, then jumped by 39.91% to $2.0 million in 2023, then rose by 19.49% to $2.4 million in 2024, then dropped by 7.84% to $2.2 million in 2025, then grew by 4.53% to $2.3 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $2.3 million, $2.2 million, and $3.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.