Netcapital Inc. reported its financial results for the second quarter of fiscal 2026, showcasing key highlights and corporate updates.
The company expanded its offerings to include cryptocurrency and blockchain financing in addition to traditional securities.
Netcapital's CEO Rich Wheeless emphasized the importance of providing capital to emerging private companies through their platform.
Revenue Decrease
Total revenues for the quarter were $51,076, compared to $170,528 in the previous year, primarily due to lower funding portal activity.
Strategic Asset Acquisition
The company acquired Rivetz Corp.'s assets related to blockchain services, enhancing its position in the digital asset market.
Cash Position Improvement
Cash and cash equivalents as of October 31, 2025, were $1,684,188, a significant increase from $289,428 in April 30, 2025.
- The acquisition of Rivetz Corp. assets strengthens Netcapital's presence in blockchain technology and positions it for revenue diversification.
- Despite a decrease in revenue, the company's focus on offering alternative funding sources like cryptocurrency shows strategic foresight.
Netcapital Inc.'s focus on expanding its financing options to include cryptocurrency and blockchain positions it well for future growth and market opportunities.