What is Twenty One Capital 's capex?

Twenty One Capital (XXI) reported capex of $713.2M in Q4 2025.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Twenty One Capital XXI CapEx

CapEx at other companies

MicroStrategyMSTR

$952K-65.2%

CourseraCOUR

$200K-60.0%

Marathon Digital HoldingsMARA

$79.52M+105%

The BancorpTBBK

$468K-38.8%

Enterprise Financial ServicesEFSC

$1.02M-76.7%

FB FinancialFBK

$1.74M+4.9%

Other financials

Income statement

See full

Operating income-$10.6M—

Net income-$859.7M—

EPS (diluted)-$1.32—

Balance sheet

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Cash & equivalents$114.1M—

Total equity$2.6B—

Total assets$3.1B—

Cash flow

See full

Operating cash flow-$3.6M—

Free cash flow-$715.6M—

Valuation

See full

Market cap$1.98B—

Returns & leverage

See full

Return on equity-35.8%—

Current ratio25.2×—

Where this comes from

Reported directly by Twenty One Capital in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Twenty One Capital ’s 10-K, filed March 31, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Twenty One Capital 's capex?: Twenty One Capital (XXI) reported capex of $713.2M in Q4 2025.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.