Home / Going-concern warnings / Netcapital Inc.
Filed 2025-09-22 路 Form 10-Q 路 Accession 0001493152-25-014479 nano
Price before filing: $2.42 (2025-09-19 close, split/dividend-adjusted)
Market cap at flag: $11.5M (2025-09-22) 路 Latest: $12.2M (2026-10-16)
| Window | NCPL | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +2.5% | +0.6% | +1.9% | 2025-10-22 |
| 90 days | -63.4% | +3.5% | -66.9% | 2025-12-22 |
| 180 days | -80.4% | -0.7% | -79.8% | 2026-03-23 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"These conditions raise substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-07-31)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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