ProCap Financial, Inc. (BRR) Balance Sheet
BRR balance sheet, 2025
December 31, 2025 · U.S. dollars$638.9M assets = $218.7M liabilities + $420.2M equity
Both columns are drawn to the same scale: what BRR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BRR financial health
Descriptive bands, not a rating. Fiscal 2025.
BRR balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $43,9002024 | $638.9M2025 | +1,455,222.9%/yr | |
| Total liabilities | $42,4442024 | $218.7M2025 | +515,190.9%/yr | |
| Shareholders’ equity | $1,4562024 | $420.2M2025 | +28,858,188.1%/yr | |
| Working capital | −$27,1012024 | $194.8M2025 | +$194.8M | |
| Book value per share | $0.002024 | $5.702025 | +11,764,227.9%/yr | |
| Shares outstanding | 30.0M2024 | 73.7M2025 | +145.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BRR assets
BRR liabilities and equity
BRR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BRR balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $45.0M | — |
| Cash & equivalents | $45.0M | — |
| Receivables | $45,000 | $0 |
| Inventory | $0 | $0 |
| Other current assets | $152.0M | $15,343 |
| Total current assets | $197.0M | $15,343 |
| Property, plant & equipment (net) | $52,113 | $0 |
| Goodwill & intangible assets | $441.8M | $0 |
| Long-term investments | $0 | $0 |
| Other non-current assets | $16,250 | $28,557 |
| Total assets | $638.9M | $43,900 |
| Liabilities | ||
| Deferred revenue | $1,000 | — |
| Total current liabilities | $2.3M | $42,444 |
| Long-term debt | $216.5M | $0 |
| Other long-term liabilities | $0 | $0 |
| Total liabilities | $218.7M | $42,444 |
| Shareholders' equity | ||
| Common stock & paid-in capital | $85,167 | — |
| Retained earnings (deficit) | −$29.0M | −$23,544 |
| Total shareholders' equity | $420.2M | $1,456 |
| Key figures | ||
| Total debt | $216.5M | — |
| Net cash (debt) | −$171.5M | — |
| Working capital | $194.8M | −$27,101 |
| Tangible book value | −$21.6M | $1,456 |
| Book value per share | $5.70 | $0.00 |
| Shares outstanding | 73.7M | 30.0M |
| Current ratio | 87.21 | 0.36 |
| Quick ratio | 19.93 | 0.00 |
| Debt / equity | 0.52 | — |
| Equity / assets | 65.8% | 3.3% |
| Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $15.3M | $26.0M | $190,655 | $1.0M | — |
| Cash & equivalents | $15.3M | $26.0M | $190,655 | $1.0M | — |
| Receivables | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $1.7M | $1.6M | $194,280 | $224,651 | $3,572 |
| Total current assets | $17.0M | $27.6M | $384,935 | $1.2M | $3,572 |
| Property, plant & equipment (net) | $1.3M | $1.2M | $0 | $0 | $0 |
| Goodwill & intangible assets | $340.1M | $372.3M | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $7,000 | $447,000 | $253.9M | $251.3M | $135,876 |
| Total assets | $358.5M | $401.5M | $254.3M | $252.6M | $139,448 |
| Liabilities | |||||
| Accounts payable | $1.7M | $1.7M | — | — | — |
| Short-term debt | $92.6M | $241,000 | — | — | — |
| Total current liabilities | $94.3M | $2.1M | $112,475 | $664,443 | $164,964 |
| Long-term debt | $0 | $91.6M | $0 | $0 | $0 |
| Lease obligations | $1.0M | $1.1M | — | — | — |
| Other long-term liabilities | $1.3M | $812,000 | $684,067 | $12,271 | $0 |
| Total liabilities | $95.7M | $94.6M | $796,542 | $676,714 | $164,964 |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $94,000 | $85,000 | $253.8M | $251.2M | — |
| Retained earnings (deficit) | −$201.8M | −$136.7M | −$1.1M | −$137,926 | −$50,516 |
| Total shareholders' equity | $262.8M | $306.9M | $253.5M | $251.9M | −$25,516 |
| Key figures | |||||
| Total debt | $93.3M | $92.7M | — | — | — |
| Net cash (debt) | −$78.0M | −$66.7M | — | — | — |
| Working capital | −$77.3M | $25.5M | $272,460 | $564,154 | −$161,392 |
| Tangible book value | −$77.4M | −$65.3M | $253.5M | $251.9M | −$25,516 |
| Book value per share | $2.94 | $3.70 | $7.45 | $7.40 | −$0.00 |
| Shares outstanding | 89.4M | 82.9M | 34.0M | 34.0M | 30.0M |
| Current ratio | 0.18 | 13.02 | 3.42 | 1.85 | 0.02 |
| Quick ratio | 0.16 | 12.26 | 1.70 | 1.51 | 0.00 |
| Debt / equity | 0.36 | 0.30 | — | — | — |
| Equity / assets | 73.3% | 76.4% | 99.7% | 99.7% | −18.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
BRR financial position
At the end of fiscal 2025 (December 31, 2025), ProCap Financial had total assets of $638.9 million (up 1,455,222.9% from a year earlier), total liabilities of $218.7 million and shareholders' equity of $420.2 million. It held $45.0 million in cash and short-term investments against $216.5 million of debt, net debt of $171.5 million. Its current ratio was 87.21. In the latest quarter (ended June 30, 2026) total assets were $358.5 million and equity $262.8 million.
Related: BRR income statement, BRR key metrics. See the BRR stock overview for the latest quote and news.
BRR balance sheet FAQ
What are ProCap Financial's total assets?
ProCap Financial reported total assets of $638.9 million at the end of fiscal 2025 (December 31, 2025), compared with $0.0 million a year earlier.
How much debt does ProCap Financial have?
ProCap Financial had $216.5 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.52.
How much cash does ProCap Financial have?
ProCap Financial held $45.0 million in cash and short-term investments at the end of fiscal 2025; with $216.5 million of debt that is net debt of $171.5 million.
What is ProCap Financial's book value?
ProCap Financial's shareholders' equity (book value) was $420.2 million at the end of fiscal 2025, or $5.70 per share.
What is ProCap Financial's current ratio?
ProCap Financial had current assets of $197.0 million and current liabilities of $2.3 million, a current ratio of 87.21 (it can cover its short-term obligations).
How much goodwill does ProCap Financial have?
ProCap Financial carried $441.8 million of goodwill and intangible assets, 69.2% of total assets, at the end of fiscal 2025.