ProCap Financial (BRR) investor relations material

Executive summary

• Early-stage finance company focused on Bitcoin holdings and AI-driven financial technology, with a mission to support independent investors and the broader Bitcoin ecosystem.

• Completed a business combination with a SPAC in December 2025, becoming publicly traded, and acquired CFO Silvia, an AI-based financial platform, in April 2026.

• Launched ProCap Insights, an AI-powered research platform, and expanded into consumer-facing AI financial tools.

Financial highlights

• Reported a net loss of $107.8 million for the three months ended March 31, 2026, driven by a $105.5 million unrealized loss on Bitcoin holdings and $4.1 million in general and administrative expenses.

• Revenue for the quarter was $1, not material to overall results.

• Cash and cash equivalents at quarter-end were $26.0 million, with working capital of $25.5 million.

• Bitcoin holdings totaled 5,457 BTC, valued at $372.3 million as of March 31, 2026.

• Repurchased $135.4 million in principal of Convertible Notes for $119.2 million cash, reducing outstanding principal to $99.6 million.

• Repurchased 2.67 million shares of common stock for $8.0 million under a $100 million buyback program.

Outlook and guidance

• Management expects to rely on cash and Bitcoin holdings to meet liquidity needs for at least the next twelve months.

• Focus remains on scaling AI and financial technology platforms, increasing user adoption, and developing monetization strategies.

• No material capital expenditure commitments as of quarter-end.