What is Twenty One Capital 's deemed dividends to sponsor?

Twenty One Capital (XXI) reported deemed dividends to sponsor of -$46.3M in Q4 2025.

What does deemed dividends to sponsor mean?

Represents non-cash distributions or value transfers made to a sponsor, often associated with the terms of a special purpose acquisition or equity incentive structure. This metric reflects the cost of sponsor participation and the impact on equity value for common shareholders. It is an important indicator of shareholder alignment and capital distribution policy.

Twenty One Capital XXI Deemed Dividends To Sponsor

Deemed Dividends To Sponsor at other companies

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$7.86M+846%

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$6K-97.0%

HTF

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$6.7M—

Maze Therapeutics, Inc. Common StockMAZE

$3.74M—

GCM Grosvenor Inc.GCMG

$5.38M-56.0%

Lindsay CorporationLNN

$0.37+2.8%

Other financials

Income statement

See full

Operating income-$10.6M—

Net income-$859.7M—

EPS (diluted)-$1.32—

Balance sheet

See full

Cash & equivalents$114.1M—

Total equity$2.6B—

Total assets$3.1B—

Cash flow

See full

Operating cash flow-$3.6M—

CapEx$713.2M—

Free cash flow-$715.6M—

Valuation

See full

Market cap$1.87B-55.3%

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 xxi:DeemedDividendsToSponsor.

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 deemed dividends to sponsor?: Twenty One Capital (XXI) reported deemed dividends to sponsor of -$46.3M in Q4 2025.
What does deemed dividends to sponsor mean?: Represents non-cash distributions or value transfers made to a sponsor, often associated with the terms of a special purpose acquisition or equity incentive structure. This metric reflects the cost of sponsor participation and the impact on equity value for common shareholders. It is an important indicator of shareholder alignment and capital distribution policy.