ProCap Financial (BRR) investor relations material

Executive summary

• Expanded AI-driven initiatives with the launch of ProCap Insights and the acquisition of CFO Silvia, an AI financial technology platform, in April 2026.

• Entered asset management via Silvia Innovation Fund I, targeting technology-sector investments aligned with the CFO Silvia platform.

• Adopted a Bitcoin treasury strategy, holding Bitcoin as a long-term reserve asset.

Financial highlights

• Revenue for the six months ended June 30, 2026 was $38,000, reflecting early-stage commercialization of new products.

• Net loss for the six months ended June 30, 2026 was $172.8 million, driven by $154.8 million in unrealized losses on Bitcoin holdings.

• Operating expenses totaled $22.8 million for the six months, including $7.7 million in payroll (with a $5.0 million CTO signing bonus), $1.3 million in software fees, $1.2 million in intangible amortization, and $2.8 million in professional fees.

• Stock-based compensation was $7.3 million for the six months.

• Cash and cash equivalents as of June 30, 2026 were $15.3 million; working capital was negative $77.3 million due to reclassification of convertible notes as current liabilities.

• Held 5,355 Bitcoin valued at $313.4 million as of June 30, 2026.

Outlook and guidance

• Plans to use resources for operating expenses, technology investments, asset management, and ETF business development.

• Expects costs to increase before related revenue is realized from new business lines.

• Believes resources are sufficient to meet obligations, including potential repurchase of convertible notes in June 2027.