Netcapital Inc. held its Second Quarter Fiscal 2026 Financial Results Conference Call on Tuesday, December 16, 2025, at 10 a.m. ET. The call was led by Chief Financial Officer Coreen Kraysler and Chief Executive Officer Rich Wheeless. The Founder, Jason Frishman, was also present during the call.
Coreen Kraysler began the call by providing an overview of the financial results for the second quarter of fiscal 2026. The company reported revenues of approximately $51,000 for the three months ended October 31, 2025, compared to approximately $170,000 during the same period in 2024. The decrease in revenues was primarily attributed to a decrease in portal fees. Netcapital reported an operating loss of approximately $2.1 million, a slight improvement from the previous year. The company reported a loss per share of $0.44 compared to $2.34 in the second quarter of fiscal year 2025. As of October 31, 2025, Netcapital had cash and cash equivalents of approximately $1.7 million.
Following Coreen Kraysler’s financial overview, CEO Rich Wheeless shared his prepared remarks with investors. Wheeless expressed his excitement to join Netcapital at a pivotal moment in the company’s evolution. He highlighted his background in the blockchain and crypto industry, citing past successes in raising funds and driving share price growth. Wheeless emphasized Netcapital’s mission to democratize access to private investments and its potential for revenue enhancement by integrating crypto and blockchain into small businesses’ financing strategies.
Wheeless outlined the company’s strategic shift towards focusing on its core fintech platform and licensed broker dealer. He explained that Netcapital’s funding portal is a technology business with fixed costs and a small employee base, allowing for attractive incremental margins as more offerings are added. Wheeless emphasized the importance of operating leverage in a fintech model and expressed confidence in Netcapital’s ability to succeed in the rapidly growing tokenized asset market.
In conclusion, Rich Wheeless expressed his optimism for Netcapital’s future and his commitment to working with the team, issuers, and investors to drive value for all shareholders. He highlighted the company’s potential to become a leading digital ecosystem for founders seeking growth capital and investors looking to participate in innovative companies. Overall, the conference call provided investors with insight into Netcapital’s financial performance, strategic direction, and growth opportunities in the evolving fintech landscape. Our wholly owned subsidiary Netcapital Securities plays a crucial role in our strategy moving forward. It allows us to participate in Reg A capital raises, which are typically larger than Reg CF offerings and expand the base of issuers and investors we can serve. This strategic move positions us to grow volume on a platform that is now structurally more scalable, fully leveraging our broker dealer to unlock larger transactions and a broader product set.
As we look to the future, we are keen on exploring emerging opportunities in digital assets and tokenization, which we see as a logical extension of our listing business. We are focusing on where blockchain technology can add value, whether it’s in how security is recorded, how assets are traded, or how liquidity mechanisms are structured. Each opportunity is evaluated with a long-term lens to ensure it creates durable value for the company and its shareholders while remaining consistent within the requisite regulatory framework.
Additionally, we are excited about the macro environment and the timeliness of our push to position ourselves for success. The emergence of a new category for U.S.-compliant utility token sales presents a promising opportunity. With our position as a broker-dealer and deep regulatory expertise, we can serve as a compliant bridge between global token systems and U.S. retail investors. This new category has the potential for high-margin revenue streams on top of our current business, with a single successful token sale potentially generating revenue comparable to dozens of traditional Reg CF offerings but with higher margins.
Furthermore, with a network of 100,000 U.S. investors and over 300 successfully funded companies, we have a strong foundation and track record to succeed in this market. Our focus remains on executing our new strategy and generating revenues as we pivot towards new opportunities in the evolving digital asset landscape. As we move forward with our new strategy focused on the tokenized asset model, it is important to understand the reasoning behind this decision and how it aligns with our overall plan for the future. The decision to double down on the tokenized asset market was not made lightly, but rather as a strategic move to position ourselves for success in the evolving financial landscape.
Our existing platform, including our crowd funding platform and broker-dealer capabilities, provides a solid foundation for us to build upon as we delve deeper into the tokenized asset market. By acquiring companies like Rivetz, we are gaining valuable expertise, technology, and a secure platform that will enable us to create and manage tokenized assets in a safe and efficient manner.
While some may question the acquisition of companies like Rivetz and Horizon, it is important to note that these investments are critical to our long-term strategy. The technology and capabilities they bring to the table are essential for us to execute on our vision of democratizing access to private capital markets and providing investors with unique opportunities.
In terms of the financial implications of these acquisitions, we recognize that they may raise questions from auditors and regulatory bodies like NASDAQ. However, we are confident in the value that these companies bring to our overall plan and believe that the investments are justified based on the potential they offer for our growth and success.
As we continue to implement our strategy and integrate these new technologies and capabilities into our operations, we are excited about the future prospects for our company. Our mission remains unchanged – to create a more open, efficient, and scalable private market ecosystem that benefits both issuers and investors alike.
We are committed to working closely with all stakeholders – investors, clients, employees, and regulators – to drive value and shape the future direction of our company. We look forward to updating you on our progress in the coming months and on our next call in March, as we continue to execute on our growth plan and strive towards profitability. Netcapital (NCPL) recently held a conference call where they expressed their gratitude towards all participants for their continued interest and support. The company’s operator thanked everyone for joining the call and encouraged them to have an amazing day.
If you’ve ever felt like you missed out on investing in successful stocks, then you’ll want to pay attention to this. Netcapital’s expert team of analysts occasionally issues a “Double Down” stock recommendation for companies they believe are on the verge of significant growth. Investing in these companies at the right time can lead to substantial returns, as seen in the following examples:
– Nvidia: If you had invested $1,000 when Netcapital doubled down in 2009, you would have $485,740*.
– Apple: A $1,000 investment in Apple when they doubled down in 2008 would now be worth $49,911*.
– Netflix: Investing $1,000 in Netflix when Netcapital doubled down in 2004 would have grown to $488,653*.
Currently, Netcapital is issuing “Double Down” alerts for three promising companies, available to members of Stock Advisor. This opportunity may not come around again soon, so it’s worth considering joining to access these recommendations.
For more information on these three stocks, you can visit the link provided in the article. The returns mentioned are based on Stock Advisor data as of January 5, 2026.
It’s essential to note that this article is a transcript of a conference call produced for The Motley Fool. While every effort is made to ensure accuracy, errors and omissions may occur. The Motley Fool does not take responsibility for any investment decisions made based on this content and urges readers to conduct their own research.
The Motley Fool has no position in the mentioned stocks and adheres to a strict disclosure policy. For further details, including disclaimers of liability, refer to their Terms and Conditions.
For those interested, the Netcapital (NCPL) Q2 2026 Earnings Call Transcript can be accessed through the provided link. This article was originally published by The Motley Fool. As we continue to navigate through the uncertainties and challenges brought on by the global pandemic, it has become increasingly important to prioritize self-care and mental well-being. The impact of the pandemic on mental health has been profound, with many individuals experiencing heightened levels of stress, anxiety, and depression. In order to cope with these challenges, it is crucial to establish healthy habits and practices that promote mental wellness.
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