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Twenty One Capital (XXI) investor relations material
Twenty One Capital Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary19 Dec, 2025
Executive summary
Completed a business combination on December 8, 2025, creating a Bitcoin-focused public company through a reverse recapitalization structure involving multiple entities and PIPE investments.
The company is focused on Bitcoin accumulation, management, and the development of educational and branded content to drive Bitcoin adoption.
No revenue was generated during the reporting period; operations were limited to foundational activities and capital raising.
Financial highlights
For the three months ended September 30, 2025, the successor entity reported a net loss of $57,798; for the period from March 7, 2025 (inception) to September 30, 2025, the net loss was $65,554.
The predecessor entity reported a net loss of $656,070 for the three months ended September 30, 2025, and $1,063,452 for the period from April 17, 2025 (inception) to September 30, 2025.
As of September 30, 2025, the successor had no cash and a working capital deficit of $65,554; the predecessor had $808,230 in cash and $136,548 in net working capital.
Outlook and guidance
The company plans to generate revenue through Bitcoin accumulation, management, and educational content, with future expansion into Bitcoin-centric financial services.
Revenue generation and profitability depend on successful capital raising and the adoption of Bitcoin-related products and services.
Post-merger liquidity impact on going concern
Bitcoin revaluation impact on future earnings
Explain the dual-class stock voting structure
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Next Twenty One Capital earnings date
Q4 20253 Apr, 2026
Next Twenty One Capital earnings date
Q4 20253 Apr, 2026
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