Netcapital annual operating expenses
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2025
Netcapital Operating Expenses Growth & History (NCPL)
Netcapital's operating expenses was $9.2M for fiscal 2025.
View full Netcapital company overviewNetcapital annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-04-30 | $9.2M | $864,670 | +10.44% |
| 2024 | 2024-04-30 | $8.3M | $2.1M | +35.01% |
| 2023 | 2023-04-30 | $6.1M | −$264,795 | −4.14% |
| 2022 | 2022-04-30 | $6.4M | $2.0M | +46.72% |
| 2021 | 2021-04-30 | $4.4M | $3.8M | +633.05% |
| 2020 | 2020-04-30 | $595,231 | $231,250 | +63.53% |
| 2019 | 2019-04-30 | $363,981 | $84,641 | +30.30% |
| 2018 | 2018-04-30 | $279,340 | −$291,211 | −51.04% |
| 2017 | 2017-04-30 | $570,551 | −$181,565 | −24.14% |
| 2016 | 2016-04-30 | $752,116 | −$192,726 | −20.40% |
| 2015 | 2015-04-30 | $944,842 | $930,418 | +6450.49% |
| 2014 | 2014-04-30 | $14,424 | −$20,072 | −58.19% |
| 2013 | 2013-04-30 | $34,496 | — | — |
Netcapital quarterly operating expenses
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Q3.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-01-31 | $2.3M | $433,640 | +23.65% |
| Q2 2026 | 2025-10-31 | $2.2M | −$184,522 | −7.84% |
| Q1 2026 | 2025-07-31 | $3.5M | $828,053 | +31.36% |
| Q4 2025 | 2025-04-30 | $2.3M | $447,184 | +23.83% |
| Q3 2025 | 2025-01-31 | $1.8M | −$355,856 | −16.26% |
| Q2 2025 | 2024-10-31 | $2.4M | $383,874 | +19.49% |
| Q1 2025 | 2024-07-31 | $2.6M | $389,468 | +17.30% |
| Q4 2024 | 2024-04-30 | $1.9M | $145,482 | +8.40% |
| Q3 2024 | 2024-01-31 | $2.2M | $503,543 | +29.87% |
| Q2 2024 | 2023-10-31 | $2.0M | $561,731 | +39.91% |
| Q1 2024 | 2023-07-31 | $2.3M | $937,936 | +71.44% |
| Q4 2023 | 2023-04-30 | $1.7M | $416,824 | +31.71% |
| Q3 2023 | 2023-01-31 | $1.7M | −$221,883 | −11.63% |
| Q2 2023 | 2022-10-31 | $1.4M | −$99,604 | −6.61% |
| Q1 2023 | 2022-07-31 | $1.3M | −$360,132 | −21.53% |
| Q4 2022 | 2022-04-30 | $1.3M | −$208,087 | −13.67% |
| Q3 2022 | 2022-01-31 | $1.9M | $738,865 | +63.23% |
| Q2 2022 | 2021-10-31 | $1.5M | $1.1M | +282.92% |
| Q1 2022 | 2021-07-31 | $1.7M | $394,164 | +30.82% |
| Q4 2021 | 2021-04-30 | $1.5M | $1.3M | +662.29% |
| Q3 2021 | 2021-01-31 | $1.2M | $1.0M | +657.91% |
| Q2 2021 | 2020-10-31 | $393,599 | $239,419 | +155.29% |
| Q1 2021 | 2020-07-31 | $1.3M | $1.2M | +1367.23% |
| Q4 2020 | 2020-04-30 | $199,713 | $108,297 | +118.47% |
| Q3 2020 | 2020-01-31 | $154,180 | $64,007 | +70.98% |
| Q2 2020 | 2019-10-31 | $154,180 | $64,007 | +70.98% |
| Q1 2020 · Jul 31 | 2019-07-31 | $87,158 | −$5,061 | −5.49% |
| Q4 2019 | 2019-04-30 | $91,416 | $71,708 | +363.85% |
| Q3 2019 | 2019-01-31 | $90,173 | −$2,046 | −2.22% |
| Q2 2019 | 2018-10-31 | $90,173 | −$7,059 | −7.26% |
| Q1 2019 | 2018-07-31 | $92,219 | $22,038 | +31.40% |
| Q4 2018 | 2018-04-30 | $19,708 | −$136,600 | −87.39% |
| Q3 2018 | 2018-01-31 | $92,219 | −$46,314 | −33.43% |
| Q2 2018 | 2017-10-31 | $97,232 | −$40,778 | −29.55% |
| Q1 2018 | 2017-07-31 | $70,181 | −$67,519 | −49.03% |
| Q4 2017 | 2017-04-30 | $156,308 | $12,984 | +9.06% |
| Q3 2017 | 2017-01-31 | $138,533 | −$2,170 | −1.54% |
| Q2 2017 | 2016-10-31 | $138,010 | −$124,591 | −47.44% |
| Q1 2017 | 2016-07-31 | $137,700 | −$67,788 | −32.99% |
| Q4 2016 | 2016-04-30 | $143,324 | −$150,117 | −51.16% |
| Q3 2016 | 2016-01-31 | $140,703 | −$207,653 | −59.61% |
| Q2 2016 | 2015-10-31 | $262,601 | $145,929 | +125.08% |
| Q1 2016 | 2015-07-31 | $205,488 | $19,115 | +10.26% |
| Q4 2015 | 2015-04-30 | $293,441 | — | — |
| Q3 2015 | 2015-01-31 | $348,356 | $338,855 | +3566.52% |
| Q2 2015 | 2014-10-31 | $116,672 | $115,314 | +8491.46% |
| Q1 2015 | 2014-07-31 | $186,373 | $180,507 | +3077.17% |
| Q3 2014 | 2014-01-31 | $9,501 | $8,798 | +1251.49% |
| Q2 2014 | 2013-10-31 | $1,358 | −$4,357 | −76.24% |
| Q1 2014 | 2013-07-31 | $5,866 | $5,445 | +1293.35% |
| Q4 2013 | 2013-04-30 | $27,657 | — | — |
| Q3 2013 | 2013-01-31 | $703 | — | — |
| Q2 2013 | 2012-10-31 | $5,715 | — | — |
| Q1 2013 | 2012-07-31 | $421 | — | — |
Netcapital operating expenses trends
Over the last five fiscal years, Netcapital's operating expenses increased from $595,231 to $9.2M, a change of $8.6M. The latest reported quarter, Q3 2026, shows $2.3M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Netcapital source filings ↗