ProCap reported results for the period from June 17, 2025 (inception) through FY 2025, posting revenue of USD 0.09 million and a net loss of USD 28.98 million (net loss per share: USD 0.39; weighted average shares: 73.69 million). Loss from operations was USD 7.99 million, including general and administrative expenses of USD 7.63 million and stock-based compensation of USD 0.44 million. Other items included a realized loss on sale of digital assets of USD 54.46 million and a change in fair value of digital assets of USD 25.01 million, partly offset by a USD 56.30 million gain from the change in fair value of the conversion feature on preferred units; interest income was USD 0.26 million and interest expense was USD 0.53 million. ProCap said it completed its business combination with CCCM on December 5, 2025 (accounted for as a reverse recapitalization) and began trading on Nasdaq on December 8, 2025 under “BRR” (and warrants under “BRRWW”). The company disclosed cash and cash equivalents of USD 44.98 million and restricted cash of USD 149.90 million as of December 31, 2025, and said its material assets consist solely of approximately 5,007 Bitcoin as of February 12, 2026. ProCap also highlighted a USD 235.00 million convertible note financing completed at the closing (issued at 97% of principal) and noted that in February 2026 it added strategies related to the use of AI and automation to support the development and delivery of financial products and services.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ProCap Financial Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-007352), on February 18, 2026, and is solely responsible for the information contained therein.