NCPLW Netcapital Inc. - warrants
NASDAQ · View on SEC EDGAR ↗ close Oct 1, 2026 10-K/10-Q Mar 19, 2026
$0.03
· of 52w range
· above low
· to high
$0.0152w low
$0.0952w high
Market Cap (MRQ)
$194.5K
P/E (TTM)
-0.0
EPS (TTM)
$-13.41
Revenue (TTM)
$739.5K
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52W Range
$0–$0
Analyst Rating
·
Price Target
·
P/E
-0.0
ROE
-99.5%
Net Profit Margin
-3804.1%
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NCPLW Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$0.03
Market Cap (MRQ)
$194.5K
P/E (TTM)
-0.0
EPS (TTM)
$-13.41
Revenue (TTM)
$739.5K
ROE (TTM)
-99.5%
Debt/Equity (MRQ)
0.2
52W Range
$0–$0
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$869.5K2016-04-30 → 2025-04-30
EPS$-20.392016-04-30 → 2025-04-30
Net margin-3804.1%2016-04-30 → 2025-04-30
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | NCPLW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -0.0 | · | · | · | |
| P/S (TTM) | 0.3 | · | · | · | |
| P/B (MRQ) | 0.0 | · | · | · | |
| Price / Tangible Book (MRQ) | 0.1 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | NCPLW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 98.1%5Y avg ≈93.8% | ≈93.8% | · | · | |
| Operating Margin (TTM) | -1285.0%5Y avg ≈-263.5% | ≈-263.5% | · | · | |
| EBITDA Margin | -957.1%5Y avg ≈-263.5% | ≈-263.5% | · | · | |
| Pretax Margin (TTM) | -3804.1% | · | · | · | |
| Net Profit Margin (TTM) | -3804.1%5Y avg ≈-815.2% | ≈-815.2% | · | · | |
| ROA (TTM) | -85.3%5Y avg ≈-20.0% | ≈-20.0% | · | · | |
| ROE (TTM) | -99.5%5Y avg ≈-25.2% | ≈-25.2% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | NCPLW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.25Y avg ≈0.2 | ≈0.2 | · | · | |
| Current Ratio (MRQ) | 0.35Y avg ≈0.3 | ≈0.3 | · | · | |
| Quick Ratio | 0.05Y avg ≈0.2 | ≈0.2 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | NCPLW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -82.4%5Y avg ≈23.2% | ≈23.2% | · | · | |
| Revenue CAGR 3Y | -45.9%5Y avg ≈8.3% | ≈8.3% | · | · | |
| Revenue CAGR 5Y | -13.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | NCPLW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.05Y avg ≈0.2 | ≈0.2 | · | · | |
| Receivables Turnover | 8.15Y avg ≈6.1 | ≈6.1 | · | · | |
| Revenue / Employee | ≈$37.8K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $869.5K | $5M | $8M | $5M | $5M | $2M | $1M | $111.2K | $21.5K | $44.9K | $93.6K | $4.7K | |
| Cost of Revenue | $40.3K | $108.1K | $85.0K | $110.1K | $759.2K | $11.1K | $25.2K | $23.9K | · | $115.9K | $66.6K | $1.2K | |
| Gross Profit | $829.1K | $5M | $8M | $5M | $4M | $2M | $988.4K | $87.3K | $21.5K | · | · | · | |
| SG&A Expense | $5M | $3M | $2M | $2M | $465.0K | $72.7K | $54.2K | $66.8K | $25.2K | $255.2K | $656.0K | $13.2K | |
| Operating Expenses | $9M | $8M | $6M | $6M | $4M | $595.2K | $364.0K | $279.3K | $570.6K | $752.1K | $944.8K | $14.4K | |
| Operating Income | $-8M | $-3M | $2M | $-1M | $-401.5K | $1M | $624.4K | $-192.1K | $-549.0K | $-707.2K | · | · | |
| Interest Expense | · | · | $93.8K | $126.4K | $87.3K | $18.9K | $19.4K | $69.5K | $115.3K | $113.6K | $76.8K | $18.2K | |
| Other Non-op | $1.2K | $1.2K | $51.6K | $5M | $2M | $-722.4K | $-37.8K | $323.2K | $-279.1K | $-128.6K | $-82.0K | $-18.2K | |
| Pretax Income | $-28M | $-7M | · | · | · | · | · | · | · | · | · | · | |
| Income Tax | · | $-2M | $854.0K | $544.0K | $613.0K | $-129.0K | $-3.7K | · | · | · | · | · | |
| Net Income | $-28M | $-5M | $3M | $4M | $1M | $604.9K | $582.9K | $131.1K | $-828.1K | $-835.9K | $-485.7K | $-28.0K | |
| EPS (Basic) | $-20.39 | $-28.83 | $0.63 | $1.31 | $1.18 | $1.50 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| EPS (Diluted) | $-20.39 | $-28.83 | $0.63 | $1.27 | $0.89 | $1.50 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Shares (Basic) | 1,387,666 | 172,937 | 4,677,214 | 2,666,173 | 1,250,002 | 402,284 | 741,721,963 | 637,660,247 | 512,195,042 | 506,032,787 | 500,000,000 | 500,000,000 | |
| Shares (Diluted) | 1,387,666 | 172,937 | 4,677,464 | 2,748,480 | 1,647,295 | 402,284 | · | · | · | · | · | · | |
| EBITDA | $-8M | $-3M | · | $-1M | $-401.5K | $1M | $624.4K | $-192.1K | $-549.0K | · | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | $2M | $11.2K | $19.1K | $1.7K | $17.5K | $843 | $5.2K | $1.6K | |
| Receivables | $78.6K | $134.8K | $1M | $2M | $1M | · | $6.0K | $6.8K | · | · | · | · | |
| Prepaid Expense | $31.5K | $23.3K | $583.0K | $5.7K | $653.9K | $465.6K | $25.7K | $35.0K | $16.4K | $153.0K | $203.0K | · | |
| Other Current Assets | · | · | · | · | · | · | · | · | · | $2.0K | $5.0K | · | |
| Current Assets | $399.6K | $1M | $3M | $3M | $4M | $476.8K | $65.8K | $43.4K | $19.7K | $155.9K | $218.2K | $1.6K | |
| PP&E (Net) | · | · | · | · | · | · | · | · | · | $539.8K | $920.9K | · | |
| Intangibles | $15M | $15M | $16M | $16M | $15M | · | · | · | · | · | · | · | |
| Total Assets | $21M | $42M | $42M | $32M | $26M | $2M | $719.4K | $98.4K | $19.7K | $701.7K | $1M | $1.6K | |
| Accounts Payable | $3M | $793.3K | · | · | · | · | · | · | · | · | · | · | |
| Accrued Liabilities | $270.0K | $310.3K | $285.1K | $229.9K | $306.3K | $149.8K | $131.2K | $141.5K | $434.2K | $332.8K | $225.6K | $15.5K | |
| Short-term Debt | $2M | $2M | $2M | · | · | · | · | · | · | · | · | · | |
| Current Liabilities | $5M | $3M | $5M | $6M | $9M | $2M | $584.7K | $582.4K | $3M | $764.9K | $561.3K | $285.8K | |
| Deferred Tax | · | · | · | · | $433.0K | · | · | · | · | · | · | · | |
| Total Liabilities | $6M | $4M | $6M | $7M | $12M | $2M | $2M | $2M | $3M | $2M | $2M | $712.1K | |
| Long-term Debt | $500.0K | $500.0K | $500.0K | $500.0K | $2M | · | · | · | · | · | · | · | |
| Total Debt | $4M | $4M | · | $4M | · | · | · | · | $533.1K | · | · | · | |
| Common Stock | $2.2K | $327 | $6.4K | $2.9K | $2.2K | $417 | $752.5K | $731.7K | $530.0K | $508.0K | $500.0K | $500.0K | |
| Paid-in Capital | $43M | $37M | $31M | $22M | $15M | $3M | $1M | $1M | $660.4K | $661.0K | $669.0K | $421.0K | |
| Retained Earnings | $-28M | $479.6K | $5M | $3M | $-992.6K | $-2M | $-3M | $-4M | $-4M | $-3M | $-2M | $-2M | |
| Stockholders' Equity | $15M | $38M | $36M | $25M | $14M | $679.2K | $-865.3K | $-1M | $-3M | $-2M | $-948.1K | $-710.5K | |
| Liabilities + Equity | $21M | $42M | $42M | $32M | $26M | $2M | $719.4K | $98.4K | $19.7K | $701.7K | $1M | $1.6K | |
| Shares Outstanding | 2,192,226 | 326,867 | 6,440,527 | 2,934,344 | 2,934,344 | 417,059 | 752,519,212 | 731,694,210 | 530,000,000 | 508,000,000 | 500,000,000 | 500,000,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $757.5K | $1M | $269.6K | $1M | $680.6K | $356.3K | $65.2K | $130.2K | $164.3K | $198.9K | $537.5K | · | |
| Amort. of Intangibles | $35.5K | $93.9K | $96.4K | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $-5M | $-5M | $-5M | $-3M | $-3M | $-3.6K | $30.6K | $-50.2K | $-14.2K | $-21.7K | $-80.8K | $-20.2K | |
| Investing Cash Flow | · | $-20.0K | $200.0K | $-319.2K | $242.0K | · | · | · | · | · | · | · | |
| Stock Issued | $2M | $6M | $6M | $625.8K | $1M | · | · | · | · | · | · | · | |
| Net Stock Activity | $2M | $6M | · | $625.8K | $1M | · | · | · | · | · | · | · | |
| Financing Cash Flow | $5M | $5M | $5M | $1M | $5M | $-4.3K | $-13.1K | $48.5K | $16.7K | $17.3K | $84.4K | $18.7K | |
| Net Change in Cash | · | · | · | · | · | $-7.9K | $17.5K | $-1.7K | $2.5K | $-4.4K | $3.6K | $-1.5K |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 95.4% | 97.8% | · | 98.0% | 83.9% | 99.4% | 97.5% | 78.5% | · | · | · | · | |
| Operating Margin | -957.1% | -69.5% | · | -18.8% | -8.5% | 65.4% | 61.6% | -172.8% | -2552.7% | · | · | · | |
| Net Margin | -3255.1% | -100.7% | · | 63.9% | 31.1% | 34.5% | 57.5% | 118.0% | -3850.3% | -1862.5% | -518.7% | -598.1% | |
| Pretax Margin | -3255.1% | · | · | · | · | · | · | · | · | · | · | · | |
| EBITDA Margin | -957.1% | -69.5% | · | -18.8% | -8.5% | 65.4% | 61.6% | -172.8% | -2552.7% | · | · | · | |
| ROA | -90.6% | -12.0% | · | 12.2% | 10.5% | 41.2% | 142.5% | 222.0% | -229.6% | · | -37.0% | -1191.4% | |
| ROE | -113.5% | -12.8% | · | 14.1% | 11.2% | 63.2% | -49.9% | -8.3% | 37.9% | · | 51.2% | 4.0% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.1 | 0.3 | · | 0.5 | 0.5 | 0.4 | 0.1 | 0.1 | 0.0 | · | 0.4 | 0.0 | |
| Quick Ratio | 0.0 | 0.0 | · | 0.4 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | |
| Debt / Equity | 0.3 | 0.1 | · | 0.1 | · | · | · | · | -0.2 | · | · | · | |
| Interest Coverage | · | · | · | -8.2 | -4.6 | 60.8 | 32.2 | -2.8 | -4.8 | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.1 | · | 0.2 | 0.3 | 1.2 | 2.5 | 1.9 | 0.1 | · | 0.1 | 2.0 | |
| Receivables Turnover | 8.1 | 6.5 | · | 2.9 | 7.0 | · | 159.0 | 32.9 | · | · | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $6.80 | $1.66 | · | $8.60 | $34.00 | $0.00 | $-0.00 | $-0.00 | $-0.00 | · | $-0.00 | $-0.00 | |
| Revenue / Share | $0.63 | $0.41 | · | $1.99 | $2.87 | · | · | · | · | · | · | · | |
| Cash Flow / Share | $-3.85 | $-0.40 | · | $-1.09 | $-1.97 | · | · | · | · | · | · | · | |
| Cash / Share | · | · | · | · | · | $0.00 | $0.00 | $0.00 | $0.00 | · | $0.00 | $0.00 | |
| EPS (TTM) | $-20.39 | $-28.83 | $0.63 | $1.27 | $0.89 | $1.50 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -82.4% | -41.7% | 55.0% | 16.1% | 169.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -45.9% | 1.6% | 69.2% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -13.1% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | -50.4% | 42.7% | -40.7% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | · | · | -25.1% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | -15.7% | 138.4% | 143.0% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | · | · | 69.7% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $869.5K | $5M | $8M | $5M | $5M | $2M | $1M | $111.2K | $21.5K | $44.9K | $93.6K | $4.7K | |
| Net Income TTM | $-28M | $-5M | $3M | $4M | $1M | $604.9K | $582.9K | $131.1K | $-828.1K | $-835.9K | $-485.7K | $-28.0K |
Income Statement
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $94.3K | $51.1K | $190.1K | $404.0K | $152.7K | $170.5K | $142.2K | $347.2K | $1M | $2M | $2M | $3M | $2M | $2M | $1M | $1M | |
| Cost of Revenue | $1.8K | $1.9K | $7.4K | $3.2K | $7.2K | $19.8K | $10.2K | $11.0K | $58.9K | $20.1K | $18.1K | $23.4K | $4.3K | $36.2K | $21.1K | $24.7K | |
| Gross Profit | $92.5K | $49.2K | $182.6K | $400.8K | $145.5K | $150.7K | $132.0K | $336.2K | $983.9K | $2M | $2M | $3M | $2M | $2M | $1M | $2M | |
| SG&A Expense | $874.5K | $1M | $2M | $1M | $921.6K | $2M | $1M | $897.6K | $1M | $648.6K | $788.3K | $499.3K | $568.3K | $280.8K | $392.3K | $324.9K | |
| Operating Expenses | $2M | $2M | $3M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | |
| Operating Income | $-2M | $-2M | $-3M | $-2M | $-2M | $-2M | $-3M | $-2M | $-1M | $52.2K | $-749.0K | $1M | $570.6K | $335.2K | $6.7K | $505.8K | |
| Interest Expense | · | · | · | · | · | · | · | · | $11.9K | $10.6K | $13.3K | · | $17.6K | $23.0K | $36.3K | $35.5K | |
| Other Non-op | $361.5K | $-10.0K | $-356.4K | $1M | $-1M | $-18.1K | $-18.9K | $3M | $-3M | $-38.9K | · | $-1M | $2M | $-53.0K | $-239.2K | · | |
| Pretax Income | $-2M | $-2M | $-4M | $-21M | $-3M | $-2M | $-3M | $-3M | $-4M | · | · | · | · | · | · | · | |
| Income Tax | · | · | · | · | · | · | · | $0 | $-2M | $-326.3K | $-299.0K | $355.0K | $697.0K | $99.0K | $-297.0K | $-4.0K | |
| Net Income | $-2M | $-2M | $-4M | $-21M | $-3M | $-2M | $-3M | $-3M | $-2M | $339.6K | $-491.7K | $1M | $2M | $183.1K | $64.5K | $499.3K | |
| EPS (Basic) | $-0.32 | $-0.44 | $-1.27 | $-11.38 | $-1.57 | $-2.34 | $-5.10 | $-13.14 | $-13.60 | $2.52 | $-4.61 | $0.24 | $0.33 | $0.04 | $0.02 | $0.11 | |
| EPS (Diluted) | $-0.32 | $-0.44 | $-1.27 | $-11.38 | $-1.57 | $-2.34 | $-5.10 | $-13.14 | $-13.60 | $2.52 | $-4.61 | $0.24 | $0.33 | $0.04 | $0.02 | $0.09 | |
| Shares (Basic) | 5,612,356 | 4,810,381 | 2,873,379 | · | 1,915,367 | 947,459 | 495,319 | · | 163,807 | 134,793 | 106,732 | · | 5,166,299 | 4,289,802 | 3,168,547 | · | |
| Shares (Diluted) | 5,612,356 | 4,810,381 | 2,873,379 | · | 1,915,367 | 947,459 | 495,319 | · | 163,807 | 134,796 | 106,732 | · | 5,166,549 | 4,290,052 | 3,171,397 | · | |
| EBITDA | $-2M | $-2M | $-3M | · | $-2M | $-2M | $-3M | · | $-1M | $52.2K | $-749.0K | · | $570.6K | $335.2K | $6.7K | · |
Balance Sheet
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables | $1.2K | $12.5K | $20.0K | $78.6K | · | $17.2K | · | $134.8K | $4M | $3M | $1M | $1M | $2M | $2M | $2M | $2M | |
| Prepaid Expense | $313.6K | $298.9K | $409.7K | $31.5K | $36.1K | $30.1K | $48.2K | $23.3K | $158.5K | $313.1K | $444.8K | $583.0K | $36.8K | $39.2K | $41.5K | $5.7K | |
| Current Assets | $1M | $2M | $5M | $399.6K | $672.8K | $1M | $924.9K | $1M | $6M | $4M | $3M | $3M | $4M | $4M | $5M | $3M | |
| Intangibles | $19M | $18M | $18M | $15M | $15M | $15M | $15M | $15M | $16M | $16M | $16M | $16M | $16M | $16M | $16M | $16M | |
| Total Assets | $26M | $25M | $28M | $21M | $40M | $42M | $41M | $42M | $44M | $45M | $43M | $42M | $40M | $35M | $34M | $32M | |
| Accounts Payable | $2M | $1M | $2M | $3M | $2M | $2M | $1M | $793.3K | · | · | · | · | · | · | · | · | |
| Accrued Liabilities | $262.3K | $199.7K | $235.4K | $270.0K | $251.0K | $199.2K | $236.8K | $310.3K | $394.9K | $415.6K | $243.0K | $285.1K | $246.7K | $250.2K | $173.2K | $229.9K | |
| Short-term Debt | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | · | · | · | · | |
| Current Liabilities | $4M | $4M | $5M | $5M | $4M | $4M | $3M | $3M | $3M | $5M | $4M | $5M | $5M | $4M | $4M | $6M | |
| Total Liabilities | $4M | $4M | $5M | $6M | $5M | $5M | $4M | $4M | $4M | $6M | $5M | $6M | $5M | $5M | $5M | $7M | |
| Long-term Debt | $492.4K | $495.8K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $500.0K | $489.1K | $492.1K | $495.1K | |
| Total Debt | $4M | $4M | $4M | · | $4M | $4M | $4M | · | $4M | $4M | $2M | · | $2M | $2M | $2M | · | |
| Common Stock | $6.8K | $4.9K | $4.7K | $2.2K | $2.1K | $1.8K | $579 | $327 | $17.2K | $9.5K | $9.4K | $6.4K | $6.1K | $4.3K | $4.3K | $2.9K | |
| Paid-in Capital | $57M | $55M | $55M | $43M | $42M | · | · | $37M | · | $34M | $33M | · | $30M | $27M | $27M | $22M | |
| Retained Earnings | $-35M | $-34M | $-31M | $-28M | $-7M | $-4M | $-2M | $479.6K | $3M | $5M | $5M | $5M | $4M | $3M | $3M | $3M | |
| Stockholders' Equity | $22M | $21M | $23M | $15M | $35M | $37M | $38M | $38M | $40M | $39M | $38M | $36M | $34M | $30M | $30M | $25M | |
| Liabilities + Equity | $26M | $25M | $28M | $21M | $40M | $42M | $41M | $42M | $44M | $45M | $43M | $42M | $40M | $35M | $34M | $32M | |
| Shares Outstanding | 6,847,899 | 4,917,899 | 4,720,066 | 2,192,226 | 2,112,488 | 1,841,335 | 579,153 | 326,867 | 17,231,132 | 9,459,132 | 9,434,132 | 6,440,527 | 6,071,777 | 4,312,777 | · | 2,934,344 |
Cash Flow
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $368.5K | $139.4K | $516.1K | $339.4K | $139.4K | $139.4K | $139.4K | $280.5K | $280.5K | $280.5K | $483.4K | $140.6K | $63.1K | $33.0K | $33.0K | $39.0K | |
| Amort. of Intangibles | $54.3K | $8.9K | $8.9K | $8.9K | $8.9K | $8.9K | $8.9K | $8.9K | $28.3K | $28.3K | $28.3K | $28.3K | $25.9K | $21.1K | $21.1K | · | |
| Operating Cash Flow | $-868.7K | $-3M | $-4M | $-724.6K | $-1M | $-1M | $-2M | $-1M | $-2M | $-481.8K | $-1M | $-1M | $-1M | $-990.9K | $-1M | $-703.2K | |
| Investing Cash Flow | · | · | · | · | · | · | · | $0 | $0 | · | · | $0 | $0 | $0 | $200.0K | $0 | |
| Stock Issued | $0 | $0 | $9M | $0 | $0 | · | · | $0 | $3M | $0 | $2M | · | · | $0 | $4M | $0 | |
| Net Stock Activity | · | · | $9M | · | · | · | · | · | · | · | · | · | · | · | $4M | · | |
| Financing Cash Flow | $0 | $-300.0K | $8M | $399.7K | $431.1K | $2M | $2M | $5.0K | $3M | $0 | $2M | $0 | $2M | $0 | $3M | $700.0K |
Profitability
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 98.1% | 96.3% | 96.1% | · | 95.3% | 88.4% | 92.8% | · | 94.3% | 99.0% | 98.8% | · | 99.8% | 98.0% | 98.4% | · | |
| Operating Margin | -2304.6% | -4149.6% | -1728.8% | · | -1105.4% | -1291.5% | -1763.5% | · | -115.6% | 2.6% | -49.3% | · | 25.2% | 18.8% | 0.50% | · | |
| Net Margin | -1921.5% | -4169.3% | -1916.3% | · | -1969.2% | -1302.1% | -1776.9% | · | -213.6% | 16.6% | -32.4% | · | 75.0% | 10.3% | 4.8% | · | |
| Pretax Margin | -1921.5% | -4169.3% | -1916.3% | · | -1969.2% | · | · | · | · | · | · | · | · | · | · | · | |
| EBITDA Margin | -2304.6% | -4149.6% | -1728.8% | · | -1105.4% | -1291.5% | -1763.5% | · | -115.6% | 2.6% | -49.3% | · | 25.2% | 18.8% | 0.50% | · | |
| ROA | -5.5% | -6.3% | -10.4% | · | -7.2% | -5.1% | -6.0% | · | -5.3% | 0.85% | -1.3% | · | 4.9% | 0.58% | 0.21% | · | |
| ROE | -6.4% | -7.2% | -12.0% | · | -8.0% | -5.8% | -6.7% | · | -6.0% | 0.98% | -1.4% | · | 5.8% | 0.72% | 0.26% | · |
Liquidity & Solvency
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.3 | 0.6 | 1.0 | · | 0.2 | 0.4 | 0.3 | · | 1.8 | 0.8 | 0.6 | · | 0.8 | 0.9 | 1.2 | · | |
| Quick Ratio | 0.0 | 0.0 | 0.0 | · | · | 0.0 | · | · | 1.1 | 0.6 | 0.3 | · | 0.4 | 0.5 | 0.5 | · | |
| Debt / Equity | 0.2 | 0.2 | 0.2 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | -101.1 | 4.9 | -56.3 | · | 32.4 | 14.6 | 0.2 | · |
Efficiency
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.0 | · | 0.1 | 0.1 | 0.0 | · | |
| Receivables Turnover | 153.3 | 3.4 | 19.0 | · | · | 0.1 | · | · | 0.4 | 0.8 | 0.9 | · | 1.0 | 0.8 | 0.8 | · |
Per Share
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $3.15 | $4.36 | $4.90 | · | $16.55 | $20.31 | $64.76 | · | $2.34 | $4.14 | $4.08 | · | $5.64 | $7.02 | · | · | |
| Revenue / Share | $0.02 | $0.01 | $0.07 | · | $0.08 | $0.18 | $0.29 | · | $0.09 | $0.22 | $0.20 | · | $0.44 | $0.41 | $0.42 | · | |
| Cash Flow / Share | · | · | $-1.47 | · | · | · | $-3.96 | · | · | · | $-0.20 | · | · | · | $-0.34 | · | |
| EPS (TTM) | $-13.41 | $-14.66 | $-16.56 | · | $-22.15 | $-34.18 | $-29.32 | · | $-15.45 | $-1.52 | $-4.00 | · | $0.48 | $0.78 | $0.64 | · |
Valuation (TTM)
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $739.5K | $797.8K | $917.3K | · | $812.6K | $2M | $4M | · | $8M | $9M | $9M | · | $7M | $6M | $6M | · | |
| Net Income TTM | $-28M | $-29M | $-29M | · | $-10M | $-10M | $-7M | · | $-1M | $3M | $2M | · | $2M | $3M | $2M | · | |
| Market Cap | $164.3K | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P/E | -0.0 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P/S | 0.2 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P/B | 0.0 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P / Tangible Book | 0.1 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | -55875.0% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
|---|---|---|---|---|---|
| Revenue | $869.5K | $5M | $8M | $5M | $5M |
| Gross Margin % | 95.4% | 97.8% | · | 98.0% | 83.9% |
| Operating Margin % | -957.1% | -69.5% | · | -18.8% | -8.5% |
| Net Income | $-28M | $-5M | $3M | $4M | $1M |
| Diluted EPS | $-20.39 | $-28.83 | $0.63 | $1.27 | $0.89 |
| Metric | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
|---|---|---|---|---|---|
| Debt / Equity | 0.3 | 0.1 | · | 0.1 | · |
| Current Ratio | 0.1 | 0.3 | · | 0.5 | 0.5 |
| Quick Ratio | 0.0 | 0.0 | · | 0.4 | 0.1 |
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 5 filers · $6K total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
5
Value held
$6K
New positions
0
Exited positions
0
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 0 (0 vs prior Q) | 0 (0 vs prior Q) | 1 (0 vs prior Q) | 2 (0 vs prior Q) | +4K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BARD ASSOCIATES INC | $3,954 | 196,688 | 61.15% | Shares |
| CLEAR STREET LLC | $1,257 | 33,976 | 19.44% | Shares |
| Clear Street Group Inc. | $823 | 33,576 | 12.73% | Shares |
| TWO SIGMA SECURITIES, LLC | $262 | 13,053 | 4.05% | Shares |
| UBS Group AG | $170 | 8,500 | 2.63% | Shares |
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Source: SEC 10-Q filed Mar 19, 2026