TEXAS REPUBLIC CAPITAL CORP Financial Statements (2025 and earlier)
Company Profile
| Business Address |
13215 BEE CAVES PARKWAY AUSTIN, TX 78738 |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6311 - Life Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 11,879 | 4,418 | 8,225 | 10,986 | 15,208 | 6,512 | |||
| Cash and cash equivalents | 11,879 | 4,418 | 8,225 | 10,986 | 15,208 | 6,512 | |||
| Receivables | 236 | 66 | 267 | 128 | 135 | 14 | |||
| Deferred costs | 3,380 | 2,454 | 1,518 | 1,053 | 668 | 326 | |||
| Total current assets: | 15,495 | 6,938 | 10,010 | 12,166 | 16,011 | 6,852 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 342 | 429 | 83 | 166 | 248 | ✕ | |||
| Property, plant and equipment | 20 | 21 | 18 | 26 | 27 | 34 | |||
| Long-term investments and receivables | 2,873 | 3,763 | 2,980 | 3,548 | 1,966 | 449 | |||
| Long-term investments | 2,873 | 3,763 | 2,980 | 3,548 | 1,966 | 449 | |||
| Intangible assets, net (including goodwill) | 246 | 295 | 322 | ||||||
| Intangible assets, net (excluding goodwill) | 246 | 295 | 322 | ||||||
| Other noncurrent assets | 1,589 | 1,370 | 837 | 310 | |||||
| Total noncurrent assets: | 5,069 | 5,878 | 4,240 | 4,050 | 2,241 | 484 | |||
| Other undisclosed assets | 21,993 | 27,439 | 23,132 | 19,757 | 12,033 | 8,397 | |||
| TOTAL ASSETS: | 42,557 | 40,255 | 37,382 | 35,974 | 30,286 | 15,733 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Deferred revenue | 226 | 262 | 69 | 10 | 15 | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 20 | ||
| Total current liabilities: | 226 | 262 | 69 | 10 | 15 | 20 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 523 | 212 | 206 | 41 | 87 | ||||
| Deferred income tax liabilities | 87 | ✕ | |||||||
| Other liabilities | 523 | 212 | 206 | 41 | |||||
| Total noncurrent liabilities: | 523 | 212 | 206 | 41 | 87 | ||||
| Other undisclosed liabilities | 31,813 | 31,266 | 30,495 | 26,880 | 19,511 | 3,685 | |||
| Total liabilities: | 32,562 | 31,740 | 30,770 | 26,931 | 19,613 | 3,704 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 9,996 | 8,516 | 6,612 | 9,042 | 10,673 | 12,029 | |||
| Common stock | 160 | 156 | 149 | 149 | 149 | 149 | |||
| Treasury stock, value | (48) | (52) | (64) | (87) | (104) | (50) | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (52) | ||||||||
| Additional paid in capital | 24,519 | 21,854 | 17,539 | 17,539 | 17,539 | 17,539 | |||
| Accumulated other comprehensive income (loss) | (287) | (484) | 798 | 1,166 | 328 | (163) | |||
| Accumulated deficit | (14,348) | (12,959) | (11,809) | (9,725) | (7,238) | (5,446) | |||
| Other undisclosed equity, attributable to parent | 52 | ||||||||
| Total equity: | 9,996 | 8,516 | 6,612 | 9,042 | 10,673 | 12,029 | |||
| TOTAL LIABILITIES AND EQUITY: | 42,557 | 40,255 | 37,382 | 35,974 | 30,286 | 15,733 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,091 | 4,227 | 2,176 | 1,587 | 1,308 | 767 | ||
| Premiums earned, net | 2,890 | 1,992 | 699 | 549 | 378 | 364 | ||
| Net investment income | 2,092 | 1,711 | 1,200 | 879 | 693 | 348 | ||
| Cost of revenue (Deferred Sales Inducement Cost, Amortization Expense) | (230) | (271) | (291) | (288) | (117) | (20) | ||
| Gross profit: | 4,861 | 3,956 | 1,886 | 1,298 | 1,191 | 747 | ||
| Operating expenses | (6,481) | (5,377) | (4,261) | (4,074) | (3,100) | (1,995) | ||
| Operating loss: | (1,620) | (1,421) | (2,375) | (2,775) | (1,909) | (1,248) | ||
| Loss from continuing operations: | (1,620) | (1,421) | (2,375) | (2,775) | (1,909) | (1,248) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (2,375) | (2,775) | (1,909) | (1,248) | |
| Net loss: | (1,620) | (1,421) | (2,375) | (2,775) | (1,909) | (1,248) | ||
| Other undisclosed net income attributable to parent | 230 | 271 | 291 | 288 | 117 | 20 | ||
| Net loss available to common stockholders, diluted: | (1,389) | (1,150) | (2,085) | (2,487) | (1,792) | (1,227) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (1,620) | (1,421) | (2,375) | (2,775) | (1,909) | (1,248) | ||
| Other comprehensive income (loss) | 196 | (1,282) | (368) | 839 | 490 | (249) | ||
| Comprehensive loss: | (1,423) | (2,702) | (2,744) | (1,937) | (1,418) | (1,497) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 230 | 271 | 291 | 288 | 117 | 20 | ||
| Comprehensive loss, net of tax, attributable to parent: | (1,193) | (2,432) | (2,453) | (1,648) | (1,302) | (1,476) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.