Netcapital Q3 Revenue Plunges to $94K, $2.17M Loss; Acquires Iverson Design, Onboards PureWave Hydrogen
Netcapital’s Q3 fiscal 2026 revenue dropped to $94,347 from $152,682 year-ago while operating loss widened to $2.17M from $1.69M and net loss narrowed to $0.32 per share from $1.57. The company acquired Iverson Design for AI-powered visualization and onboarded PureWave Hydrogen as its first tokenization client.
1. Q3 Fiscal 2026 Financial Results
Netcapital reported Q3 revenue of $94,347 compared to $152,682 in the prior-year quarter, driven by lower portal activity. Operating loss widened to $2.17 million versus $1.69 million year-ago, while net loss narrowed to $0.32 per share from $1.57 as management noted revenue growth versus Q2.
2. Acquisition of Iverson Design
During the quarter Netcapital completed its acquisition of Iverson Design, integrating AI-powered motion graphics, 3D visualization and real-time rendering capabilities. Michael Iverson joined as Chief Design Director and Head of AI Experience to lead in-house design and investor presentation initiatives.
3. PureWave Hydrogen Tokenization Partnership
Netcapital signed PureWave Hydrogen as its inaugural tokenization client, expanding service offerings into real-world asset tokenization. This partnership aims to develop new revenue streams through digital asset issuance and secondary trading support.
4. Balance Sheet and Cash Position
As of January 31, 2026, cash and cash equivalents rose to $715,443 from $289,428 on April 30, 2025. Total assets increased to $26.06 million with purchased technology valued at $19.15 million, while current liabilities declined to $3.96 million.