ProCap Financial, Inc.
BRR, BRRWW · Finance Services · 90.6M shares · EDGAR filings ↗
Reference price $3.20 · est. market cap ~$290M — last insider purchase, 2025-12-19 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D47ProCap Financial — bitcoin-treasury/financial-services firm (SPAC merger), cash-rich but loss-making.
Strengths
- Very strong liquidity (current 87); cash (54th pct); ~23.7q runway
Risks
- Operating margin -94; net loss; value tied to bitcoin
- Pre-scale operating model; speculative strategy
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Auditor changeRecent 8-K item 4.01 8-K ↗
- Material weakness● We have identified a material weakness in our internal control over financial reporting
- Pending mergerConsistent with this approac of Financial Condition And Results Of Operations -- Business Combination Transaction and Recent Developments--Merger Agreement with CFO Silvia ” elsewhere in this Annual R
Key metrics
Current ratio
87.2×
Tangible book value
$420M
Cash & investments
$45M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Pacchia Megan Lesko | Tax withheld | 25K | $1.62 |
| 2026-06-01 | Cormier Renae Terese | Tax withheld | 57K | $124,298.00 |
| 2026-05-26 | Wood Kyle Irvin | Tax withheld | 87K | $1.64 |
| 2026-04-06 | Pompliano Anthony John III | Other | 3.8M | — |
| 2026-04-06 | Inflection Points Inc. | Other | 3.8M | — |
| 2026-03-23 | Park Jeffrey Jin Hyung | Grant | 200K | — |
| 2026-03-23 | Pacchia Megan Lesko | Grant | 220K | — |
| 2026-03-23 | Wood Kyle Irvin | Grant | 630K | — |
| 2026-03-23 | Park Jeffrey Jin Hyung | Grant | 400K | — |
| 2026-03-23 | Park Jeffrey Jin Hyung | Tax withheld | 103K | $2.62 |
| 2026-03-23 | Wood Kyle Irvin | Grant | 315K | — |
| 2026-03-23 | Wood Kyle Irvin | Tax withheld | 162K | $2.62 |
| 2026-03-23 | Cormier Renae Terese | Grant | 157K | — |
| 2026-03-23 | Cormier Renae Terese | Tax withheld | 74K | $2.62 |
| 2026-03-23 | Pacchia Megan Lesko | Grant | 110K | — |
| 2026-03-23 | Pacchia Megan Lesko | Tax withheld | 47K | $2.62 |
| 2026-03-23 | Cormier Renae Terese | Grant | 630K | — |
| 2025-12-19 | Miller William H IV | Buy | 30K | $3.25 |
| 2025-12-19 | Park Jeffrey Jin Hyung | Buy | 8.2K | $3.20 |
| 2025-12-17 | Pompliano Anthony John III | Buy | 298K | $3.37 |
| 2025-12-05 | Pompliano Anthony John III | Other | 10.6M | — |
| 2025-12-05 | Park Jeffrey Jin Hyung | Other | 500K | — |
| 2025-12-05 | Quin Gary | Other | 700K | — |
| 2025-05-26 | Park Jeffrey Jin Hyung | Sell | 21K | $1.60 |
| 2025-05-22 | Park Jeffrey Jin Hyung | Sell | 254 | $1.65 |
| 2025-05-18 | Park Jeffrey Jin Hyung | Sell | 51K | $1.93 |
| 2025-05-04 | Park Jeffrey Jin Hyung | Tax withheld | 41K | $2.00 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-04-06 | Material agreementAcquisition/disposition3.02Exec/director changeReg FDExhibits | filing ↗ |
| 2026-04-03 | Exec/director changeExhibits | filing ↗ |
| 2026-03-30 | Auditor changeShareholder voteExhibits | filing ↗ |
| 2026-03-02 | Acquisition/dispositionExhibits | filing ↗ |
| 2026-02-23 | Reg FDExhibits | filing ↗ |
| 2026-02-09 | Material agreementAcquisition/disposition3.02Exec/director changeReg FDOtherExhibits | filing ↗ |
| 2026-01-23 | Exec/director change | filing ↗ |
| 2025-12-15 | OtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-14 | 2026-03-31 | 0001493152-26-023070 ↗ |
| 8-K | 2026-04-06 | 2026-04-06 | 0001493152-26-015249 ↗ |
| 8-K | 2026-04-03 | 2026-03-30 | 0001493152-26-015126 ↗ |
| 8-K | 2026-03-30 | 2026-03-27 | 0001493152-26-013469 ↗ |
| 8-K | 2026-03-02 | 2026-02-27 | 0001493152-26-008391 ↗ |
| 8-K | 2026-02-23 | 2026-02-22 | 0001493152-26-007682 ↗ |
| 10-K | 2026-02-18 | 2025-12-31 | 0001493152-26-007352 ↗ |
| 8-K | 2026-02-09 | 2026-02-08 | 0001493152-26-005670 ↗ |
| 8-K | 2026-01-23 | 2026-01-20 | 0001493152-26-003410 ↗ |
| 8-K/A | 2025-12-15 | 2025-12-11 | 0001493152-25-027629 ↗ |
| 8-K | 2025-12-12 | 2025-12-05 | 0001493152-25-027582 ↗ |
| 8-K | 2025-12-11 | 2025-12-05 | 0001213900-25-120791 ↗ |