BRR
ProCap Financial, Inc.Financial Services·Asset Management - Cryptocurrency
$2.15
$195M market cap
Revenue
$0.0M
Free Cash Flow
$-3.4M
Rev Growth
+0.0%
FCF Margin
-344100.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
ProCap Financial, Inc. operates as a bitcoin-native financial services company. The company is based in New York, New York.
2-Year Price History
$1.64-84.1%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | -106.4 | -7.6 | -107.8 | -3.3 | -3.4 | -0.2 | 26.0 | 92.7 | 82.9 | -15.8% | -96.7x | -- |
Valuation & Metrics
Market Stats
Price$2.15
Market Cap$195M
Enterprise Value$261M
P/S Ratio194733.1x
P/FCF--
EV/FCF--
FCF Margin (TTM)-344100.0%
FCF Yield-1.8%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$-107.8M
Free Cash Flow$-3.4M
Revenue Growth (YoY)+0.0%
EBITDA Margin-10637600.0%
Net Margin-10775900.0%
FCF Margin-344100.0%
CapEx % of Revenue15500.0%
SBC % of Revenue354000.0%
ROIC-15.8%
WC Change % Rev0.0%
Interest Coverage-96.7x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares2.1M
Days to Cover3.7
Change (vs Prior)-0.1%
Need at least 2 settlement dates for chart
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
41.7%(-20.3% YoY)
47 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
4.8%(+4.6% YoY)
7 filers
Vanguard, iShares, SPDR
Market makers
4.9%(-12.3% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| CORRECT CAPITAL WEALTH MANAGEMENT | $7.9M | $2.11 | +$7.9M | +$7.9M | -17.6% | $536M |
| STEADFAST CAPITAL MANAGEMENT LP | $7.7M | $3.53 | −$1.2M | +$7.7M | +1.0% | $2.65B |
| JANE STREET GROUP, LLCMM | $7.1M | $3.53 | −$5.8M | +$7.1M | -0.1% | $92.10B |
| LMR Partners LLP | $6.5M | $3.49 | +$194K | +$6.5M | -2.0% | $8.84B |
| Magnetar Financial LLC | $6.4M | $3.53 | +$0 | +$6.4M | -0.8% | $9.54B |
| Hunting Hill Global Capital, LLC | $4.3M | $3.43 | +$292K | +$4.3M | -1.8% | $83.8M |
| CITADEL ADVISORS LLC | $3.4M | $2.42 | +$2.7M | +$3.4M | -0.4% | $138.22B |
| K2 PRINCIPAL FUND, L.P. | $3.3M | $2.11 | +$3.3M | +$3.3M | +1.8% | $634M |
| CSS LLC/IL | $3.3M | $3.53 | +$0 | +$3.3M | +2.3% | $794M |
| UBS Group AG | $3.0M | $2.61 | +$1.9M | +$3.0M | -0.3% | $562.11B |
| Brevan Howard Capital Management LP | $3.0M | $2.11 | +$3.0M | +$3.0M | -0.9% | $9.34B |
| Weiss Asset Management LP | $2.9M | $3.39 | +$293K | +$2.9M | +2.8% | $4.24B |
| Alyeska Investment Group, L.P. | $2.6M | $2.11 | +$2.6M | +$2.6M | -0.5% | $35.33B |
| Arrington Capital Management, LLC | $2.6M | $3.53 | +$0 | +$2.6M | -10.5% | $88.1M |
| BlackRock, Inc.Passive | $2.3M | $2.11 | +$2.3M | +$2.3M | -0.2% | $5.69T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $1.9M | $2.20 | +$1.8M | +$1.9M | +2.3% | $1.61T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $1.7M | $2.11 | +$1.7M | +$1.7M | — | $4.04T |
| Galaxy Digital Inc. | $1.3M | $2.11 | +$1.3M | +$1.3M | — | $636M |
| Anson Funds Management LP | $861K | $3.53 | −$4.3M | +$861K | -2.1% | $758M |
| TORONTO DOMINION BANK | $844K | $2.29 | +$739K | +$844K | -0.3% | $51.72B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-3.16%
avg per quarter
Holders (ex-self)
-3.09%
excl. this stock
Buyers (this Q)
-6.30%
27 buyers · $0.03B in
Sellers (this Q)
-1.07%
11 sellers · $0.04B out
alpha coverage: 95% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-22.4%
how holders react when this stock falls
On quiet Qs
-8.5%
−10% to +10% baseline
On rallies (+10%+)
-17.2%
how they react when this stock rises
Holders' portfolio flow this Q
+2.2%
inflows — adds are organic
Sellers' portfolio flow this Q
-2.8%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-8.9%
Holder mid (any stock)
-8.5%
Holder rally (any stock)
-17.2%
Biggest decreases this quarter
JANE STREET GROUP, LLC−$5.8Mα-0.1Anson Funds Management LP−$4.3Mα-2.1BARCLAYS PLCexited−$3.5MBANK OF MONTREAL /CAN/exited−$3.2MParaFi Capital LPexited−$2.9MSUSQUEHANNA INTERNATIONAL GROUP, LLP−$2.3Mα-0.6GLAZER CAPITAL, LLCexited−$1.8MCentiva Capital, LPexited−$1.2MSTEADFAST CAPITAL MANAGEMENT LP−$1.2Mα+1.0GROUP ONE TRADING LLCexited−$766K
New buyers this quarter
CORRECT CAPITAL WEALTH MANAGEMENT+$0.01Bα-17.6K2 PRINCIPAL FUND, L.P.+$0.00Bα+1.8Brevan Howard Capital Management LP+$0.00Bα-0.9Alyeska Investment Group, L.P.+$0.00Bα-0.5BlackRock, Inc.+$0.00Bα-0.2VANGUARD CAPITAL MANAGEMENT LLC+$0.00BGalaxy Digital Inc.+$0.00BVANGUARD FIDUCIARY TRUST CO+$0.00BWOLVERINE ASSET MANAGEMENT LLC+$0.00Bα+1.9
Top-5 holders · 43.7%
CORRECT CAPITAL WEALTH MANAGEMENT--
STEADFAST CAPITAL MANAGEMENT LP--
JANE STREET GROUP, LLC--
LMR Partners LLP--
Magnetar Financial LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
STEADFAST CAPITAL MANAGEMENT LP3.6MMagnetar Financial LLC3.1MLMR Partners LLP3.1MAnson Funds Management LP408KCORRECT CAPITAL WEALTH MANAGEMENT3.8MHunting Hill Global Capital, LLC2.0MCSS LLC/IL1.5MPolar Asset Management Partners Inc.101KArrington Capital Management, LLC1.3MWeiss Asset Management LP1.4MBARCLAYS PLC—
Corporate
Order Flow (FINRA, ~3w lag)
34.9%retail+7.4pp
12.0%dark+3.0pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Columbus Circle Capital Corp I: A High-Octane Bitcoin Bet Encumbered by Related-Party Conflicts and Extreme Structural Dilution
Overall Risk
8/10
Fraud
3/10
Dilution
9/10
Insolvency
8/10
Earnings Overstated
2/10
Hidden Liabilities
7/10
Legal
4/10
Audit Warnings
9/10
Hidden Upside
5/10
Contextually Acceptable
4/10