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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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Ranked against 33 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AXP | $217.1B | 21.1× | — | 5.3× | 6.4% | — | 26.2% | 32.4% | 11.9% | — | 1,026 |
| COIN | $42.4B | 36.1× | 23.1× | 5.9× | 9.4% | — | 17.6% | 8.5% | 5.9% | -3.0× | 313 |
| SOFI | $22.8B | 45.1× | — | 36.9× | 23.1% | 1.7% | 77.7% | 4.6% | 3.9% | — | 266 |
| BMNP | $22.7B | 7.3× | 49.9× | — | 84.1% | 5.1% | — | 4.0% | 4.0% | -1.1× | — |
| CHYM | $10.9B | — | — | 5.0× | 30.7% | 88.0% | -46.2% | -72.1% | -72.1% | — | 55 |
| HUT | $8.2B | — | — | 34.8× | 44.8% | 54.2% | -96.2% | -15.9% | -15.9% | — | 69 |
| WULF | $6.4B | — | — | 37.8× | 20.3% | 39.2% | -393% | -471% | -20.4% | — | 82 |
| DAVE | $4.3B | 24.8× | 21.6× | 7.7× | 59.7% | — | 35.3% | 55.5% | 55.5% | -0.4× | 47 |
| GPGI | $3.4B | — | — | 56.2× | -85.8% | 48.1% | -227% | -55.9% | -55.9% | — | 21 |
| CIFR | $3.4B | — | — | 15.0× | 48.0% | 63.7% | -367% | -102% | -23.1% | — | 79 |
| UPST | $2.4B | 55.2× | 53.3× | 2.3× | 64.0% | — | 5.1% | 6.7% | 2.0% | 17.4× | 67 |
| CLSK | $2.1B | — | 4.1× | 2.8× | 102% | 55.2% | 47.6% | 16.8% | 12.9% | 0.9× | 79 |
| PGY | $1.7B | 22.4× | 5.1× | 1.3× | 26.1% | 42.4% | 6.3% | 17.0% | 17.0% | -0.8× | — |
| WLTH | $1.6B | — | — | 4.5× | 18.2% | 89.6% | -11.5% | -6.8% | -6.8% | — | 10 |
| KEEL | $1.4B | — | — | 6.2× | 72.0% | -8.2% | -124% | -50.8% | -23.1% | — | — |
| WD | $1.2B | 21.2× | — | 1.0× | 9.0% | — | 4.6% | 3.2% | 3.2% | — | 38 |
| PWP | $1.1B | 29.8× | 13.5× | 1.4× | -14.5% | — | 4.7% | -27.9% | -27.9% | -4.2× | 19 |
| RHLD | $978M | — | 6.6× | 2.1× | 9.9% | 56.3% | -1.3% | -91.1% | -3.1% | 0.1× | 10 |
| BUR | $766M | 12.5× | — | 1.9× | -24.3% | — | 15.1% | 2.6% | 1.4% | — | 37 |
| QFIN | $641M | 1.7× | — | 0.2× | 16.8% | 84.4% | 31.1% | 24.8% | 24.8% | -0.7× | 25 |
| ABTC | $546M | — | — | 3.0× | 159% | 50.3% | -82.7% | -23.0% | -23.0% | — | — |
| HKD | $544M | 3.9× | 71.5× | 4.0× | 566% | — | 71.3% | 36.8% | 18.5% | — | 2 |
| FWDI | $529M | — | — | 29.1× | -9.0% | 28.5% | -918% | -11.4% | -11.4% | — | — |
| OPRT | $459M | 18.8× | — | 0.5× | -4.5% | — | 2.6% | 6.5% | 6.5% | — | 22 |
| WYFI | $436M | — | — | 5.5× | 66.2% | 60.2% | -31.2% | -5.1% | -4.9% | — | 15 |
| NCPL | $14M | — | — | 16.4× | -82.4% | 95.4% | — | -190% | -164% | — | — |
Peers = companies sharing NCPL's sector (Finance Services) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
A reverse discounted cash flow is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
Leverage ratios is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
$2.3M of principal comes due within a year. Scheduled principal only (excludes interest & revolver draws). As of 2025-04-30 (10-K).
Thin coverage — earnings barely cover interest. Effective rate ~1.7% on $2.4M of debt.
Cash vs short-term debt unavailable.
Mostly short-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $869K 100.0% | $5.0M 100.0% | $8.5M 100.0% | $5.5M 100.0% | $4.7M 100.0% | $1.8M 100.0% | $1.0M 100.0% | $111K 100.0% | $22K 100.0% | $45K 100.0% |
| Cost of Revenue | $40K 4.6% | $108K 2.2% | $85K 1.0% | $110K 2.0% | $759K 16.1% | $11K 0.6% | $25K 2.5% | $24K 21.5% | — | — |
| Cost of Services | — | — | — | — | — | — | — | $24K 21.5% | — | $116K 258.2% |
| Gross Profit | $829K 95.4% | $4.8M 97.8% | $8.4M 99.0% | $5.4M 98.0% | $4.0M 83.9% | $1.7M 99.4% | $988K 97.5% | $87K 78.5% | $22K 100.0% | — |
| Selling, General & Admin | $5.2M 599.9% | $3.4M 69.2% | $1.7M 20.5% | $1.6M 29.2% | $465K 9.8% | $73K 4.1% | $54K 5.3% | $67K 60.0% | $25K 117.1% | $255K 568.6% |
| Total Operating Expenses | $9.2M 1052.4% | $8.3M 167.3% | $6.1M 72.3% | $6.4M 116.8% | $4.4M 92.4% | $595K 33.9% | $364K 35.9% | $279K 251.3% | $571K 2652.7% | $752K 1675.9% |
| Operating Income | -$8.3M -957.1% | -$3.4M -69.5% | $2.3M 26.7% | -$1.0M -18.8% | -$402K -8.5% | $1.1M 65.4% | $624K 61.6% | -$192K -172.8% | -$549K -2552.7% | -$707K -1575.9% |
| Interest Expense | $41K 4.7% | $46K 0.9% | $94K 1.1% | $126K 2.3% | $87K 1.8% | $19K 1.1% | $19K 1.9% | $69K 62.5% | $115K 536.1% | $114K 253.2% |
| Other Income (Expense), net | -$20.0M -2298.0% | -$3.9M -78.4% | $1.5M 18.1% | $5.1M 92.7% | $2.5M 52.6% | -$722K -41.2% | -$38K -3.7% | $323K 290.7% | -$279K -1297.6% | -$129K -286.6% |
| Pretax Income | -$28.3M -3255.0% | -$7.3M -147.9% | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | -$2.3M -47.2% | $854K 10.1% | $544K 9.9% | $613K 13.0% | -$129K -7.4% | -$4K -0.4% | — | — | — |
| Net Income | -$28.3M -3255.0% | -$5.0M -100.7% | $3.0M 34.8% | $3.5M 63.9% | $1.5M 31.1% | $605K 34.5% | $583K 57.5% | $131K 118.0% | -$828K -3850.3% | -$836K -1862.5% |
| Per Share | ||||||||||
| EPS (Basic) | -$20.39 | -$28.83 | $0.63 | $1.31 | $1.18 | $1.50 | $0.00 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | -$20.39 | -$28.83 | $0.63 | $1.27 | $0.89 | $1.50 | $0.00 | $0.00 | $0.00 | $0.00 |
| Weighted Avg Shares (Basic) | 1.4M | 173K | 4.7M | 2.7M | 1.3M | 402K | 741.7M | 637.7M | 512.2M | 506.0M |
| Weighted Avg Shares (Diluted) | 1.4M | 173K | 4.7M | 2.7M | 1.6M | 402K | — | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-30
Where each multiple sits in its own 13-yr range · 32th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 13-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE -190% against ROIC -164% — -26% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is -107.1% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 21.5 | 2.5 | 0.6 | 16.1 | 2.0 | 1.0 | 2.2 | 4.6 |
| Gross Profit | 78.5 | 97.5 | 99.4 | 83.9 | 98.0 | 99.0 | 97.8 | 95.4 |
| SG&A | 60.0 | 5.3 | 4.1 | 9.8 | 29.2 | 20.5 | 69.2 | 599.9 |
| Operating Income | -172.8 | 61.6 | 65.4 | -8.5 | -18.8 | 26.7 | -69.5 | -957.1 |
| Income Tax | — | -0.4 | -7.4 | 13.0 | 9.9 | 10.1 | -47.2 | — |
| Net Income | 118.0 | 57.5 | 34.5 | 31.1 | 63.9 | 34.8 | -100.7 | -3255.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on NCPL: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Cost of capital cannot be computed, so the spread is unknown.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | not reported | -1575.9% | -1862.5% |
| FY2017 | 100.0% | -2552.7% | -3850.3% |
| FY2018 | 78.5% | -172.8% | 118.0% |
| FY2019 | 97.5% | 61.6% | 57.5% |
| FY2020 | 99.4% | 65.4% | 34.5% |
| FY2021 | 83.9% | -8.5% | 31.1% |
| FY2022 | 98.0% | -18.8% | 63.9% |
| FY2023 | 99.0% | 26.7% | 34.8% |
| FY2024 | 97.8% | -69.5% | -100.7% |
| FY2025 | 95.4% | -957.1% | -3255.0% |
Return on equity is 26 points BELOW the return on invested capital, which means the equity base is carrying capital the operations are not earning on — usually cash, goodwill, or a recent raise.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: wacc.
Free cash flow has fallen short of reported profit in 3 of the last three years.
Only 3 profitable years available, so the average is shorter than the five the threshold assumes.
Leverage is not measurable this way for a bank.
This schedule comes from a filing dated 2025-04-30, 548 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2025-04-30 (10-K); cash from the 2025-04-30 balance sheet; FCF from FY2025. No cash figure on the matching balance sheet, so no coverage line is drawn.
Balance sheet at 2025-04-30. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
No positive free cash flow to discount, so the price cannot be expressed as a growth requirement.
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: free_cash_flow.
| Step | Amount | Running total |
|---|---|---|
| Net income | −$28M | −$28M |
| Share-based comp | $757,484 | −$28M |
| Other non-cash & working capital | $22M | −$5M |
| Operating cash flow | −$5M | −$5M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 73.0% | not reported | not reported |
| FY2021 | 169.2% | not reported | not reported |
| FY2022 | 16.1% | 79.4% | 63.3 points |
| FY2023 | 55.0% | -43.0% | -97.9 points |
| FY2024 | -41.7% | -90.3% | -48.6 points |
| FY2025 | -82.4% | -41.7% | 40.8 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 2.2 days | not reported | 4037.8 days | -4035.6 days |
| FY2020 | not reported | not reported | 9162 days | not reported |
| FY2021 | 104.9 days | not reported | 148.3 days | -43.4 days |
| FY2022 | 162.1 days | not reported | 1778.4 days | -1616.3 days |
| FY2023 | 59.7 days | not reported | 2482.3 days | -2422.6 days |
| FY2024 | 9.9 days | not reported | 2679.7 days | -2669.7 days |
| FY2025 | 33 days | not reported | 26608.8 days | -26575.8 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | 76.8 percent |
| FY2020 | 27.5 percent |
| FY2021 | 18.4 percent |
| FY2022 | 20.5 percent |
| FY2023 | 18.1 percent |
| FY2024 | -0.3 percent |
| FY2025 | -109.9 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.