Netcapital (NCPL) Operating Expenses (2013 - 2026)

Netcapital (NCPL) has 14 years of Operating Expenses data on file, last reported 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.
• The five-year high for Operating Expenses was $3.5 million in Q3 2025, with the low at $1.3 million in Q3 2022.
• Average Operating Expenses over 5 years is $2.0 million, with a median of $2.0 million recorded in 2023.
• Year-over-year, Operating Expenses declined 21.53% in 2022 and jumped 71.44% in 2023.
• Netcapital's Operating Expenses stood at $1.4 million in 2022, then surged by 39.91% to $2.0 million in 2023, then gained by 19.49% to $2.4 million in 2024, then declined by 7.84% to $2.2 million in 2025, then increased by 4.53% to $2.3 million in 2026.
• Business Quant data shows NCPL's Operating Expenses at $2.3 million in Q1 2026, $2.2 million in Q4 2025, and $3.5 million in Q3 2025.