Netcapital (NCPLW) Operating Expenses (2013 - 2026)
Netcapital recorded quarterly Operating Expenses of $2.3 million in Q1 2026, up 4.53% quarter-over-quarter from $2.2 million in Q4 2025, and up 23.65% year-over-year from $1.8 million in Q1 2025.
Netcapital's Operating Expenses history runs 14 years deep, the most recent figure standing at $2.3 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 23.65% year-over-year to $2.3 million; the TTM figure through Jan 2026 stood at $10.2 million (up 17.51% YoY), while the FY2025 annual figure was $9.2 million, up 10.44% from the prior year.
- Operating Expenses came in at $2.3 million for Q1 2026 at Netcapital, up from $2.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $3.5 million in Q3 2025 to a low of $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.
- Across the five-year window, Operating Expenses decreased 21.53% in 2022 and jumped 71.44% in 2023, its largest moves.
- Netcapital's Operating Expenses stood at $1.4 million in 2022, then soared by 39.91% to $2.0 million in 2023, then increased by 19.49% to $2.4 million in 2024, then slipped by 7.84% to $2.2 million in 2025, then climbed 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 3.29 Bn |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 656.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 381.00 Mn |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 242.35 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 4.45 Bn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 81.75 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 330.51 Mn |
| 10 | Netcapital | - | - | 92,524.00 | 2.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 2.27 Mn |
| Oct 31, 2025 | 2.17 Mn |
| Jul 31, 2025 | 3.47 Mn |
| Apr 30, 2025 | 2.32 Mn |
| Jan 31, 2025 | 1.83 Mn |
| Oct 31, 2024 | 2.35 Mn |
| Jul 31, 2024 | 2.64 Mn |
| Apr 30, 2024 | 1.88 Mn |
| Jan 31, 2024 | 2.19 Mn |
| Oct 31, 2023 | 1.97 Mn |
| Jul 31, 2023 | 2.25 Mn |
| Apr 30, 2023 | 1.73 Mn |
| Jan 31, 2023 | 1.69 Mn |
| Oct 31, 2022 | 1.41 Mn |
| Jul 31, 2022 | 1.31 Mn |
| Apr 30, 2022 | 1.31 Mn |
| Jan 31, 2022 | 1.91 Mn |
| Oct 31, 2021 | 1.51 Mn |
| Jul 31, 2021 | 1.67 Mn |
| Apr 30, 2021 | 1.52 Mn |
| Jan 31, 2021 | 1.17 Mn |
| Oct 31, 2020 | 393,599.00 |
| Jul 31, 2020 | 1.28 Mn |
| Apr 30, 2020 | 186,714.00 |
| Jan 31, 2020 | 154,180.00 |
| Oct 31, 2019 | 154,180.00 |
| Jul 31, 2019 | 87,158.00 |
| Apr 30, 2019 | 103,366.00 |
| Jan 31, 2019 | 90,173.00 |
| Oct 31, 2018 | 90,173.00 |
| Jul 31, 2018 | 92,219.00 |
| Apr 30, 2018 | 60,720.00 |
| Jan 31, 2018 | 92,219.00 |
| Oct 31, 2017 | 97,232.00 |
| Jul 31, 2017 | 70,181.00 |
| Apr 30, 2017 | 156,308.00 |
| Jan 31, 2017 | 138,533.00 |
| Oct 31, 2016 | 138,010.00 |
| Jul 31, 2016 | 137,700.00 |
| Apr 30, 2016 | 143,324.00 |
| Jan 31, 2016 | 140,703.00 |
| Oct 31, 2015 | 262,601.00 |
| Jul 31, 2015 | 205,488.00 |
| Jan 31, 2015 | 348,356.00 |
| Oct 31, 2014 | 116,672.00 |
| Jul 31, 2014 | 186,373.00 |
| Jan 31, 2014 | 9,501.00 |
| Oct 31, 2013 | 1,358.00 |
| Jul 31, 2013 | 5,866.00 |