Silvia, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 13, 2026, covering financial results for both the three and nine months ended on that date.

Key Highlights

  • Quarterly net income of $122,854 thousand: The company reported net income of $122,854 thousand for the three months ended September 30, 2026, compared to net income of $75,812 thousand for the period from June 10, 2025 (Inception) through September 30, 2025.
  • Nine-month net loss of $49,952 thousand: For the nine months ended September 30, 2026, the company reported a net loss of $49,952 thousand, according to the filing.
  • Digital assets of $420,680 thousand: Non-current digital assets were reported at $420,680 thousand as of September 30, 2026, down from $441,791 thousand as of December 31, 2025.
  • Treasury stock repurchases of $38,736 thousand: The company purchased 13,396,559 treasury shares at a total cost of $38,736 thousand during the nine months ended September 30, 2026.
  • Total assets of $459,368 thousand: Total assets stood at $459,368 thousand as of September 30, 2026, compared to $638,886 thousand as of December 31, 2025.
  • 75,402,395 shares outstanding as of November 10, 2026: The registrant disclosed this share count of common stock, par value $0.001 per share, as of that date.
  • Accumulated deficit of $78,928 thousand: The company carried an accumulated deficit of $78,928 thousand as of September 30, 2026, up from $28,976 thousand at December 31, 2025.

Silvia, Inc. Financial Results for the Quarter Ended September 30, 2026

Silvia, Inc. (NASDAQ:SVIA), formerly known as ProCap Financial, Inc., filed its quarterly report covering the period ended September 30, 2026. According to the filing, the company reported revenue of $135 thousand for the three months ended September 30, 2026, compared to $77 thousand for the corresponding prior-year period. Total operating expenses for the quarter were $10,029 thousand, with general and administrative expenses of $4,838 thousand, stock-based compensation of $3,745 thousand, and depreciation and amortization of $958 thousand.

The company's quarterly net income of $122,854 thousand was driven primarily by an unrealized gain on digital assets of $137,177 thousand, the filing disclosed. For the nine months ended September 30, 2026, the company reported an operating loss of $32,675 thousand and a net loss of $49,952 thousand, reflecting an unrealized loss on digital assets of $17,652 thousand and total operating expenses of $32,848 thousand, including $19,144 thousand in general and administrative expenses and $11,008 thousand in stock-based compensation. The nine-month period also included a gain on extinguishment of debt of $5,933 thousand and a realized loss on digital assets of $6,161 thousand, according to the filing.

The balance sheet as of September 30, 2026 showed total stockholders' equity of $362,708 thousand, compared to $420,176 thousand at December 31, 2025. During the nine months ended September 30, 2026, the company issued 8,416,951 shares in connection with the acquisition of Silvia, contributing $21,925 thousand to additional paid-in capital, the filing stated. Convertible notes, net, totaling $93,015 thousand were classified as current liabilities as of September 30, 2026, while they had been classified as long-term liabilities totaling $214,172 thousand at December 31, 2025. The company also reported goodwill of $13,573 thousand and intangible assets, net, of $12,101 thousand as of September 30, 2026, both of which were not present at December 31, 2025, reflecting the acquisition activity during the period.

What Was Disclosed

Silvia, Inc. disclosed its unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2026, reporting quarterly net income of $122,854 thousand, a nine-month net loss of $49,952 thousand, total assets of $459,368 thousand, and 75,402,395 shares outstanding as of November 10, 2026.