PCAPW
PCAPW
ProCap Acquisition Corp WarrantIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $134.4K ▲ | $2.47M ▲ | 0% | $0.1 ▲ | $-134.4K ▼ |
| Q1-2025 | $0 | $70.02K | $-70.02K | 0% | $-0 | $-70.02K |
What's going well?
The company posted a $2.47 million profit and positive earnings per share, thanks to strong interest income. There are no debt or tax burdens, and share count is stable.
What's concerning?
The company still has no revenue and its core business is losing more money than before. All profits come from interest income, not from selling products or services.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $1.21M ▼ | $255.04M ▲ | $11.37M ▼ | $243.67M ▲ |
| Q2-2025 | $1.37M ▼ | $252.61M ▲ | $11.4M ▼ | $241.2M ▲ |
| Q3-2025 | $1.49M ▲ | $251.55M ▲ | $11.41M ▲ | $-9.86M ▼ |
| Q1-2025 | $0 | $244.21K ▲ | $289.23K ▲ | $-45.02K ▼ |
| Q1-2025 | $0 | $104.68K | $94.03K | $10.64K |
What's financially strong about this company?
The company has almost no debt, lots of cash compared to its bills, and a huge equity base. It can easily pay all its obligations and has no risky goodwill or intangibles.
What are the financial risks or weaknesses?
Most assets are classified as 'other non-current assets' with no details, which makes it hard to judge their quality. Retained earnings are negative, showing a history of losses.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $995.26K ▲ | $-188.47K ▼ | $-250M ▼ | $251.56M ▲ | $1.37M ▲ | $-188.47K ▼ |
| Q1-2025 | $-56.56K ▼ | $0 | $0 | $0 | $0 | $0 |
| Q1-2025 | $-14.36K | $0 | $0 | $0 | $0 | $0 |
What's strong about this company's cash flow?
The company managed to raise over $252 million in new funding, giving it a cash cushion for now. Net income improved from a loss to a profit, at least on paper.
What are the cash flow concerns?
Operations are burning cash, and profits are not turning into real money. The business is highly dependent on selling new shares, causing heavy dilution for existing shareholders.
About ProCap Acquisition Corp Warrant
ProCap Acquisition Corp Warrant (PCAPW) represents the redeemable warrants issued by ProCap Acquisition Corp, a special purpose acquisition company (SPAC) focused on the financial technology sector. Each warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $134.4K ▲ | $2.47M ▲ | 0% | $0.1 ▲ | $-134.4K ▼ |
| Q1-2025 | $0 | $70.02K | $-70.02K | 0% | $-0 | $-70.02K |
What's going well?
The company posted a $2.47 million profit and positive earnings per share, thanks to strong interest income. There are no debt or tax burdens, and share count is stable.
What's concerning?
The company still has no revenue and its core business is losing more money than before. All profits come from interest income, not from selling products or services.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $1.21M ▼ | $255.04M ▲ | $11.37M ▼ | $243.67M ▲ |
| Q2-2025 | $1.37M ▼ | $252.61M ▲ | $11.4M ▼ | $241.2M ▲ |
| Q3-2025 | $1.49M ▲ | $251.55M ▲ | $11.41M ▲ | $-9.86M ▼ |
| Q1-2025 | $0 | $244.21K ▲ | $289.23K ▲ | $-45.02K ▼ |
| Q1-2025 | $0 | $104.68K | $94.03K | $10.64K |
What's financially strong about this company?
The company has almost no debt, lots of cash compared to its bills, and a huge equity base. It can easily pay all its obligations and has no risky goodwill or intangibles.
What are the financial risks or weaknesses?
Most assets are classified as 'other non-current assets' with no details, which makes it hard to judge their quality. Retained earnings are negative, showing a history of losses.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $995.26K ▲ | $-188.47K ▼ | $-250M ▼ | $251.56M ▲ | $1.37M ▲ | $-188.47K ▼ |
| Q1-2025 | $-56.56K ▼ | $0 | $0 | $0 | $0 | $0 |
| Q1-2025 | $-14.36K | $0 | $0 | $0 | $0 | $0 |
What's strong about this company's cash flow?
The company managed to raise over $252 million in new funding, giving it a cash cushion for now. Net income improved from a loss to a profit, at least on paper.
What are the cash flow concerns?
Operations are burning cash, and profits are not turning into real money. The business is highly dependent on selling new shares, causing heavy dilution for existing shareholders.
CEO
Anthony J. Pompliano
Compensation Summary
(Year )
Ratings Snapshot
Rating : B-