Here are the 10-Q quarterly reports from ProCap Financial, Inc. Warrant (BRRWW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BRRWW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BRRWW filings page.
ProCap Financial, Inc. reported minimal revenue of $0.04 million for the six months ended June 30, 2026 while recording a substantial net loss of $172.8 million, driven mainly by its Bitcoin strategy and heavy investment in AI-enabled finance products. Operating expenses were $22.8 million, including $7.3 million of stock-based compensation and $1.2 million of amortization of newly acquired intangibles.
The company held 5,355 Bitcoin with a fair value of $313.4 million, but recognized an unrealized loss of $154.8 million and a realized loss of $2.7 million on digital assets in the period. ProCap repurchased $135.4 million principal of its 2028 Convertible Notes for $119.2 million, leaving $99.6 million outstanding and booking a $5.9 million gain on extinguishment. Notes are classified as current because holders may require repurchase in June 2027.
Cash and cash equivalents were $15.3 million with working capital of approximately $(77.3) million, though management’s liquidity assessment includes Bitcoin holdings. The company acquired CFO Silvia for total consideration of about $23.3 million, recognizing $14.1 million of intangibles and $12.7 million of goodwill, and continued share repurchases totaling $12.8 million.
ProCap Financial, Inc. reported a net loss of $107,759 for the three months ended March 31, 2026, or $1.30 per share, driven mainly by a $105,467 unrealized loss on its Bitcoin holdings.
Revenue was minimal at $1, while general and administrative and stock-based compensation expenses totaled $7,599. ProCap held 5,457 Bitcoin with a fair value of $372,277 and cash and cash equivalents of $25,964 as of March 31, 2026.
The company reduced its 2028 Convertible Notes principal to $99,600 through a $119,152 repurchase, recording a $5,933 gain, and bought back 2,667,056 shares for about $8.0M. Subsequently, it acquired AI platform CFO Silvia with 7,516,951 closing shares, 900,000 escrow shares, and up to 9,000,000 potential earnout shares.