What is the 13F Pro Quality Score for NCPL?

13F Pro ranks Netcapital Inc. (NCPL) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NCPL's current score at https://13fpro.ai/company/NCPL (free sign-up required for the full ranking).

Which hedge funds own the most NCPL stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of NCPL include HRT FINANCIAL, CITADEL ADVISORS, Virtu Financial. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/NCPL as soon as new 13F filings post.

Where does 13F Pro source NCPL data?

All Netcapital Inc. fundamentals and ownership data come directly from SEC EDGAR. Netcapital Inc. files with the SEC under CIK 1414767. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NCPL in?

Netcapital Inc. (NCPL) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is NCPL research updated on 13F Pro?

NCPL's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Netcapital Inc.(NCPL)Stock Analysis

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13F Pro Quality Score

9.0/100

Rank #2,922 of 2,962 stocks

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

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Why NCPL Scores 9/100

exact factor attribution · 2026-09-11

NCPL's composite is driven by institutional flow, held back by revenue growth and scale. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Institutional flow

+3.1 pts

96th pct

Shareholder dilution

-2.9 pts

6th pct

Earnings growth

-3.0 pts

5th pct

Earnings quality

-3.7 pts

13th pct

Capital efficiency

-6.0 pts

5th pct

Free cash flow

-6.9 pts

4th pct

Profitability

-9.4 pts

3th pct

Scale

-9.6 pts

2th pct

Revenue growth

-13.2 pts

1th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

NCPL Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Netcapital Inc. (NCPL), a Financials sector company. 13F Pro's AI-powered ranking engine scores NCPL at 9.0/100 on a 32-signal composite quality model, placing it at rank #2,922 of 2,962 stocks — the bottom half of the AI-ranked universe. Based on the latest XBRL financial filings (Q4 2025), Netcapital Inc. reports quarterly revenue of $94.3K, net income of $-1.8M. Top institutional holders of NCPL by reported 13-F value include HRT FINANCIAL, CITADEL ADVISORS, Virtu Financial, based on the most recent SEC filings. NCPL trades on the Nasdaq exchange and files with the SEC under CIK 1414767. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NCPL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Netcapital Inc. directly from SEC EDGAR.

Revenue

Q4 2025

$94.3K

Net Income

Q4 2025

$-1.8M

ROIC

Q4 2025

-30.7%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

-82.4% YoY

$869.5KFY 2025

FY22 $5.5MFY23 $8.5MFY24 $5.0MFY25 $869.5K

Net Income

-467.6% YoY

$-28.3MFY 2025

FY22 $3.5MFY23 $3.0MFY24 $-5.0MFY25 $-28.3M

Operating Income

-141.7% YoY

$-8.3MFY 2025

FY22 $-1.0MFY23 $2.3MFY24 $-3.4MFY25 $-8.3M

EPS (Diluted)

+29.3% YoY

$-20.39FY 2025

FY22 $1.27FY23 $0.63FY24 $-28.83FY25 $-20.39

Total Assets

-49.7% YoY

$20.9MFY 2025

FY22 $31.8MFY23 $41.8MFY24 $41.6MFY25 $20.9M

Total Debt

+7.8% YoY

$7.3MFY 2025

FY22 $6.9MFY23 $7.5MFY24 $6.7MFY25 $7.3M

Op. Cash Flow

-9.4% YoY

$-5.3MFY 2025

FY22 $-3.0MFY23 $-4.6MFY24 $-4.9MFY25 $-5.3M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$869.5K -82.4%	$5.0M -41.7%	$8.5M +55.0%	$5.5M +16.1%	$4.7M +169.2%	$1.8M
Net Income	$-28.3M -467.6%	$-5.0M -268.7%	$3.0M -15.7%	$3.5M +138.4%	$1.5M +143.0%	$604.9K
Operating Income	$-8.3M -141.7%	$-3.4M -251.5%	$2.3M +320.3%	$-1.0M -156.8%	$-401.5K -135.0%	$1.1M
EPS (Diluted)	$-20.39 +29.3%	$-28.83 -4676.2%	$0.63 -50.4%	$1.27 +42.7%	$0.89 -40.7%	$1.50
Total Assets	$20.9M -49.7%	$41.6M -0.6%	$41.8M +31.7%	$31.8M +23.5%	$25.7M +1061.8%	$2.2M
Total Debt	$7.3M +7.8%	$6.7M -9.8%	$7.5M +7.6%	$6.9M -35.0%	$10.7M +908.1%	$1.1M
Operating Cash Flow	$-5.3M -9.4%	$-4.9M -5.7%	$-4.6M -53.6%	$-3.0M +7.5%	$-3.3M -90101.7%	$-3.6K

AI Insight: NCPL Financial Trends

Netcapital remains pre-revenue with persistent operating losses and equity deterioration; Q2 2025's $21M net loss spike suggests material one-time charge or valuation write-down.

• Revenue remains at $0M across all eight quarters; company has not achieved commercial traction since Q2 2024.

• Operating income stable at $-2M to $-3M quarterly; operating cash flow worsened to $-4M in Q3 2025, latest at $-1M.

• Equity eroded 42% from $38M (Q2 2024) to $22M (Q1 2026), accelerated by Q2 2025's $21M loss spike.

⚠ Q2 2025 net loss of $21M vs. typical $-2M to $-3M suggests non-recurring charge; nature and recurrence risk unclear.

⚠ Total debt stable at $7M–$8M; leverage ratio (debt/equity) has doubled from 18% to 32% due to equity shrinkage.

AI Insight: NCPL Ratio Trends

Netcapital remains deeply unprofitable with ROIC deteriorating sharply; D/E spiked to 0.49 in Q2 2025 before moderating, signaling financial stress.

• ROE swung from -23.7% in Q4 2024 to -63.0% in Q3 2025, then partially recovered to -33.6% in Q1 2026—indicating extreme volatility in shareholder returns.

• ROIC deteriorated from -13.8% in Q2 2024 to -42.3% in Q3 2025; Q1 2026 stands at -30.7%, showing sustained value destruction.

• Debt-to-equity spiked to 0.49 in Q2 2025—up 1.7x from 0.18 in prior-year quarter—before settling at 0.31 by Q1 2026.

⚠ Q3 2025 marked peak deterioration across all return metrics (ROE -63%, ROA -51%, ROIC -42%); unclear if Q1 2026 stabilization signals turnaround or noise.

⚠ D/E spike in Q2 2025 and subsequent moderation suggests capital management volatility; monitor leverage trajectory going forward.

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Available Research

13F Pro tracks comprehensive data for Netcapital Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NCPL

HRT FINANCIAL LP
$55.0K103,850 sh
CITADEL ADVISORS LLC
$29.1K54,283 sh
Virtu Financial LLC
$23.0K42,693 sh
GEODE CAPITAL MANAGEMENT, LLC
$20.1K37,439 sh
VANGUARD FIDUCIARY TRUST CO
$16.5K30,749 sh
JANE STREET GROUP, LLC
$15.7K29,293 sh
VANGUARD CAPITAL MANAGEMENT LLC
$11.0K20,590 sh
LPL Financial LLC
$5.4K10,000 sh
BARD ASSOCIATES INC
$4.0K196,688 sh
MORGAN STANLEY
$1.6K3,003 sh

Fund	Value	Shares
HRT FINANCIAL LP	$55.0K	103,850
CITADEL ADVISORS LLC	$29.1K	54,283
Virtu Financial LLC	$23.0K	42,693
GEODE CAPITAL MANAGEMENT, LLC	$20.1K	37,439
VANGUARD FIDUCIARY TRUST CO	$16.5K	30,749
JANE STREET GROUP, LLC	$15.7K	29,293
VANGUARD CAPITAL MANAGEMENT LLC	$11.0K	20,590
LPL Financial LLC	$5.4K	10,000
BARD ASSOCIATES INC	$4.0K	196,688
MORGAN STANLEY	$1.6K	3,003

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Is NCPL a good stock to buy?

13F Pro's AI-powered analysis of Netcapital Inc. (NCPL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NCPL are available on the NCPL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. NCPL is classified as a small company.

Which hedge funds own NCPL?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NCPL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Netcapital Inc.'s investment landscape.