Business
Netcapital Reports Second Quarter Fiscal 2026 Financial Results and Provides Corporate Update
Expands offering beyond traditional securitiesEnhanced platform to enable private companies to raise capital on-line utilizing cryptocurrency and blockchain
About this update from Netcapital Inc.
[{"type":"text","content":"Expands offering beyond traditional securitiesEnhanced platform to enable private companies to raise capital on-line utilizing cryptocurrency and blockchain financingNewly appointed CEO Rich Wheeless to host business update conference call tomorrow at 10:00 a.m. ET BOSTON, MA, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Netcapital Inc. (Nasdaq: NCPL, NCPLW, Netcapital) (the “Company”), a digital private capital markets ecosystem, today announced financial results and provided corporate highlights for the second quarter of fiscal 2026 ended October 31, 2025. In addition, management plans to host a business update conference call tomorrow, December 16, 2025, at 10:00 a.m. ET. “Our platform serves the fundamental need for emerging private companies to quickly and easily access capital to fund their business plans,” said Rich Wheeless, Netcapital’s Chief Executive Officer. “We plan to offer cryptocurrency and blockchain financing in addition to traditional securities, which we believe will attract new clients seeking alternative funding sources as well as expand the base of investors to include those seeking to invest their crypto holdings.” “Our recent strategic asset acquisition of Rivetz solidifies our ability to participate in the long-term growth of compliant blockchain-based digital assets, which we expect to drive a more diversified revenue stream going forward. Given the size and anticipated expansion of the tokenized asset market, we are excited about the future growth potential for Netcapital and believe that we are well positioned to execute on our plan. In summary, we are focused on becoming a leader in emerging retail opportunities for tokenized commodities, helping our client companies succeed, while creating significant value for Netcapital shareholders,” added Wheeless. Second Quarter Fiscal 2026 Financial Highlights: Total revenues were $51,076, compared to $170,528 in the prior-year quarter, primarily reflecting lower funding portal activity.Operating loss was $2,119,457, compared to an operating loss of $2,202,431 in the year ago period.Net loss was ($0.44) per basic and diluted share, compared to a net loss of ($2.34) per basic and diluted share in the year ago period.Cash and cash equivalents at October 31, 2025 of $1,684,188, up from $289,428 at April 30, 2025. Subsequent Event: On December 3, 2025, the Company closed an...