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ProCap Financial (BRR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

ProCap Financial
NasdaqGM•Financial Services•Capital Markets
$2.98+0.12(0.04%)After hours
Market Cap
$324.95M
P/S
2641.9x
P/B
1.2x

ProCap Financial, Inc. operates as a bitcoin-native financial services company. The company was incorporated in 2025 and is based in New York, New York.

C

How this company scores

AverageMetricSide Score: 40/100

Strongest: Balance Sheet & Red Flags (16/25); weakest: Cash & Earnings Quality (6/25).

Profitability10/25
Growth8/25
Balance Sheet & Red Flags16/25
Cash & Earnings Quality6/25
Strengths
Low leverageImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 2641.9x5y range 2641.9x – 2641.9x
P/S 2641.9x
P/B · 1.2x5y range 0.6x – 1.2x
P/B 1.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 4 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $324.95M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$123,000
Q. Revenue
$37,000
TTM EBITDA
$-29.29M
TTM Op. Income
$-30.58M
Q. Op. Income
$-14.99M
TTM Net Income
$-201.78M
Q. Net Income
$-65.05M
EPS
$-0.73
Shares Out.
$89.39M
3Q

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
-37243.2%
Op. Margin
-40513.5%
Net Margin
-175802.7%

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
2641.9x
P/B Ratio
1.2x
P/S of 2641.9x and P/B of 1.2x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$358.45M
2Q
Cash
$15.34M
2Q
Long-Term Debt
$92.26M
Book Value
$262.79M
2Q
D/E Ratio
0.4
Debt/EBITDA
N/A
With $358.45M in assets and $92.26M in long-term debt, D/E is 0.4and book value is $262.79M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 0% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-11.26M
TTM Free Cash Flow
$-22.42M
FCF Margin
-18230.4%
FCF / Net Income
0.1
TTM FCF of $-22.42M on $-11.26M in operating cash flow. The FCF / Net Income ratio of 0.1x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 0% — a weakening trend.

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Cash Burn

Red Flag

The last 4 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Share Dilution

Red Flag

Shares outstanding increased 8939475200.0% — significant dilution, likely from stock compensation or capital raises.