Netcapital Inc (NASDAQ:NCPL) has announced a noteworthy financial performance for the first quarter of fiscal 2026, citing a 34% increase in revenues compared to the same period last year. The company reported revenue of $190,058 for the quarter ending July 30, 2025, up from $142,227 in the corresponding quarter of 2024. This surge in revenue is attributed primarily to a boost in portal fees and services offered in exchange for equity securities.
Despite the revenue growth, Netcapital recorded an operating loss of approximately $3.3 million, which is an increase from the $2.5 million loss reported in the first quarter of fiscal 2025. The company’s loss per share decreased to $1.27, an improvement from a much higher loss of $5.10 per share in the same quarter of the previous fiscal year. As of July 31, 2025, Netcapital’s cash and cash equivalents were reported at about $4.6 million.
The results reflect the company’s strategic pivot towards a more scalable business model, focusing on enhancing its fintech ecosystem. A significant development during this transition is the establishment of a crypto advisory board aimed at integrating blockchain technology, digital assets, and cryptocurrency with traditional finance. This board is expected to pave the way for new opportunities in decentralized finance and expand the company’s role in the fintech industry.
Additionally, Netcapital has launched a game advisory board intended to strengthen ties with the online gaming community and drive long-term growth. This initiative will help the company engage with innovative leaders in the gaming space, aligning its offerings with the interests of this dynamic market.
During an earnings call, CFO Coreen Sarah Kraysler discussed the revenue increase, highlighting that a single issuer contributed to 73% of the total revenue, having successfully raised around $5 million during the quarter. This set-up raises potential concerns about over-reliance on one source of income.
CEO Martin Kay emphasized the strategic shifts that have been implemented, moving away from equity-based consulting to a more scalable operational approach. He expressed optimism about the growth observed in revenues and portal fees as a promising sign of the effectiveness of this strategy.
The discussions also shed light on the company’s plans for leveraging blockchain and digital asset innovation, with Kay stating their commitment to leading the future of private market opportunities for companies seeking capital and providing direct investment prospects for investors.
As Netcapital continues to navigate its challenges and opportunities, stakeholders and industry observers are eagerly anticipating the potential outcomes of its strategic initiatives in the evolving fintech landscape. For a detailed understanding, the complete transcript of the earnings call is available for reference.
