# CAYMUS SECURITIES LLC X-17A-5 (2026-02-18) — Broker-dealer annual report - Company: CAYMUS SECURITIES LLC - Form: X-17A-5 - Filed: 2026-02-18 - Period: 2025-12-31 - Accession: 0001223207-26-000001 - CIK: 1223207 - File #: 8-65862 - Type: Broker-dealer - Material weakness: No - Auditor: Ohab and Company, P.A. - Auditor location: Maitland, FL - Contact: Monica Wood - Phone: 404-995-8333 - Email: gfaux@caymusequity.com - Website: caymusequity.com - Signed by: Geoffrey Faux (CCO) Original filing: https://www.sec.gov/Archives/edgar/data/1223207/000122320726000001/caysec25b.pdf --- {0}------------------------------------------------ UNITED STATES **SECURITIES AND EXCHANGE COMMISSION Washington,** D.C. **20549** > **ANNUAL REPORTS FORM X-17A-S PART** Ill 0Ms •----· 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER | | | FACING PAGE | | | | | |---------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|------------------------------|--|-----------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|--| | | | | | Information Required Pursuant to Rules 17a-s, 17a-12, and 181-7 under the Securities Exchange Act of 1934
AND ENDING 12/31 /25 | | | | | FILING FOR THE PERIOD BEGINNING 01 /01/25
MM/0O/YY | | | MM/00/YY | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | NAME oF FIRM: Caymus Securities, LLC | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
[!I Broker-dealer
D Check here if respondent is also an OTC derivatives dealer | □ Security-based swap dealer | | | | D Major security-based swap participant | | | ADDRESS OF PRINCIPAL Pl.ACE OF BUSINESS: (Do not use a P .0. box no.) | | | | | | | | 2727 Paces Ferry Road SE Suite 1-1650 | | | | | | | | | | (No. and Streetl | | | | | | Atlanta | | GA | | | 30339 | | | (City) | | (State) | | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | Geoffrey Faux | | ( 404 )995-8302 | | | gfaux@caymusequity.com | | | (Name) | | (Area Code-Telephone Number) | | (Email Address) | | | | | | 8. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing•
OHAB and Company, P.A. | | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | 100 E. Sybelia Avenue, Suite 130 Maitland | | | | FL | 32751 | | | (Address)
July 28, 2004 | | (City) | | (State)
1839 | (Zip Code) | | | (Date of Registration with PCAOB)(if applicable) | | | | | (PCAOB Registration Number, if aoolicable' | | | | | FOR OFFICIAL USE ONLY | | | | | • Oaims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be support1id by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.l 7a-S(e)(l)(iil, if applicable. Penon1 who are to re1pond to the wllec:tlon of Information c:ontelned In thb form ire not required to re1pond unless the form displays • currently v1Ud 0MB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION | I, Geoffrey Faux | swear (or affirm) that, to the best of my knowledge and belief, the | | |-------------------------------------------------------------------|-----------------------------------------------------------------------------------|-------| | financial report pertaining to the firm of Caymus Securit1es. LLC | | as of | | 2~
December 31 | is true and correct. I further swear (or affirm) that neither the company nor any | | | | | | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely **as that of a customer.** **Signature:** Title:; cco I *7* **This flllng•• contains (check all applicable boxes):** - ii (a) Statement of financial condition. - iii (b) Notes to consolidated statement of financial condition. - □ (c) Statement of income (loss I or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - 0 (d) Statement of cash flows. - 0 (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - Iii (g) Notes to consolidated financial statements. - □ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18awl, as applicable. - D (i) Computation of tangible net worth under 17 CFR 240.lSa-2. - □ U) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3,3. - D (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or **Exhibit A** to 17 CFR **240.18a-4,** as applicable. - 0 (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - D (m) Information relating to possession or control requirements for customers under 17 CFR 240.1Sc3-3. - 0 (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - 0 (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.1Sc3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - D (p) Summary of financial data for subsidiaries not consolidated in the statement offinancial condition. - Iii (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.183-7, as applicable. - □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.lSa-7, as applicable. - □ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (t) Independent public accountant's report based on an examination of the statement of financial condition. - □ (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240. lSa-7, or 17 CFR 240.17a-12, as applicable. - □ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a,7, as applicable. - D (x) Supplemental reports on applying agreed•upon procedures. in accordance with 17 CFR 240.15c3T1e or 17 CFR 240.17a-12, as applicable. - D (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). D{z)Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_ \_ - - ••ro request confidential treatment of certain portions of this filing, see 17 CFR 240.17a,5(e}{3} or 17 CFR 240.1Ba-7(d}{2}, as applicable. {2}------------------------------------------------ ![](_page_2_Picture_0.jpeg) I 00 E. Sybclia Ave. Suiti.: I 30 Maitland. FL 32751 *Cerlijied Public Accoun/anls* I mail· pam'11 oliahco . ..:0111 Telephone 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member's of Caymus Securities, LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Caymus Securities, LLC as of December 31 , 2025, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly , in all material respects, the financial positron of Cay mus Securities, LLC as of December 31 , 2025 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of Caymus Securities, LLC's management. Our responsibility Is to express an opinion on Caymus Securities, LLC's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Caymus Securities, LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement. whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. We have served as Caymus Securities, LLC's auditor since 2016. Maitland, Florida February 3, 2026 {3}------------------------------------------------ #### CAYMUS SECURITIES, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2025 #### ASSETS | CAYMUS SECURITIES, LLC
STATEMENT OF FINANCIAL CONDITION
DECEMBER 31, 2025 | | | |---------------------------------------------------------------------------------|-----------------------------------------|--| | ASSETS | | | | Cash
Prepaid expenses
Total assets | \$
213,503
5,926
\$
219,429 | | | LIABILITIES AND MEMBER'S EQUITY | | | | Accounts payable and accrued liabilities | \$
7,044
7,044 | | | Member's equity | 212,385
\$
219,429 | | | | | | | | | | See accompanying notes to the financial statements {4}------------------------------------------------ ### CAYMUS SECURITIES, LLC NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2025 # Note A Summary of Significant Accounting Policies #### Nature of Operations: CAYMUS SECURITIES, LLC (the "Company"), was formed as a limited liability company in Georgia in April 2003. The Company is a wholly owned subsidiary of CAYMUS EQUITY PARTNERS, LLC (the "Sole Member") and is a registered broker-dealer under the Securities Exchange Act of 1934, and a member of the Financial Industry Regulatory Authority, Inc. ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). The Company is a securities broker-dealer that operates in a single line of business. The Company provides merger and acquisition advisory services to domestic and international companies and assists its clients in analyzing capitalization alternatives and arranging private placements of debt, equity and equity-related securities. The Company has identified the Managing Partner as the chief operating decision maker ("CODM"), who uses net income to evaluate the results of the business. Additionally, the CODM uses excess net capital, which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy. The CODM manages the business activities using information of the Company as a whole and, therefore, the Company's operations constitute a single operating segment. The Company does not maintain customer accounts. # Use of Estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. ### Concentration of Credit Risk Arising From Cash Deposits in Excess of Insured Limits: The Company maintains cash balances at a financial institution that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company believes it is not exposed to any significant risks on cash. For purposes of reporting the statement of cash flows, the Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash balances in excess of FDIC and similar insurance coverage are subject to the usual banking risks associated with funds in excess of those limits. There were no uninsured balances at December 31, 2025. ### Revenue Recognition: ## Significant Judgments Revenue from contracts with customers include fees from investment banking. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the {5}------------------------------------------------ ### CAYMUS SECURITIES, LLC NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2025 Company's progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. # Advisory Fees The Company provides advisory services. Revenue for advisory arrangements is generally recognized at the point in time that performance under the arrangement is completed (the closing date of the transaction) or the contract is cancelled. However, for certain contracts, revenue is recognized over time for advisory arrangements in which the performance obligations are simultaneously provided by the Company and consumed by the customer. In some circumstances, significant judgment is needed to determine the timing and measure of progress appropriate for revenue recognition under a specific contract. Retainers and other fees received from customers prior to recognizing revenue are reflected as contract liabilities. There were no unsatisfied performance obligations at December 31, 2025. # Income Taxes: The Company is a single member limited liability company and, as such, is a disregarded entity for tax purposes and does not file tax returns or pay income taxes. All income and losses are passed through to the Sole Member to be included on the Sole Member's tax return. The Sole Member's income tax returns for the years ended December 2022, 2023, and 2024, respectively, are subject to possible state and federal examinations, generally three years after they are filed. # Note B Related Party Transactions The Company pays a monthly overhead fee to the Sole Member, as defined in a restated services agreement effective February 1, 2025. Pursuant to the agreement, rent and other overhead items are allocated to the Company based on percentages. The Company also pays for time spent by partners/employees based on estimated hours. During the year ended December 31, 2025, overhead fees incurred were \$29,476, none of which was outstanding at year end. # Note C Net Capital The Company, as a registered broker-dealer in securities, is subject to the Securities and Exchange Commission Uniform Net Capital Rule (Rule 15c3-1), which requires that minimum net capital, as defined, shall not be less than \$5,000 and the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 31, 2025, the Company had net capital of \$206,459, which was \$201,459 in excess of its required net capital of \$5,000. The Company's ratio of aggregate indebtedness to net capital was .03 to 1. # Note D ### Exemption from Rule 15c3-3 The Company is exempt from Rule 15c3-3 of the Securities and Exchange Commission and, accordingly, is not required to maintain a reserve account for the exclusive benefit of customers. {6}------------------------------------------------ ## CAYMUS SECURITIES, LLC NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2025 ### Note E Concentrations ### Significant Transactions: A significant transaction is defined as one from which at least 10% of annual revenue is derived. The Company had revenue from four significant transactions totaling \$1,513,750, which comprised 100% of investment banking fee revenues for year ended December 31, 2025. There were no amounts receivable from these transactions at December 31, 2025. # Note F Commitments and Contingencies The Company does not have any commitments or contingencies. # Note G Subsequent Events The Company has evaluated subsequent events that occurred through the date when these financial statements were available to be issued. The Company is not aware of any additional significant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on the financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.