# LYNX CAPITAL, LLC X-17A-5 (2026-06-23) — Broker-dealer annual report - Company: LYNX CAPITAL, LLC - Form: X-17A-5 - Filed: 2026-06-23 - Period: 2025-12-31 - Accession: 0001338178-26-000003 - CIK: 1338178 - File #: 8-67068 - Type: Broker-dealer - Material weakness: No - Auditor: Brian Anson - Auditor location: Tarzana, CA - Contact: Theodore J. Deutz - Phone: 415-713-0053 - Email: tjdeutz@lynxcapitalsecurities.com - Website: lynxcapitalsecurities.com - Signed by: Theodore J. Deutz (President) Original filing: https://www.sec.gov/Archives/edgar/data/1338178/000133817826000003/2025lynxcapitalllcaudit-2.pdf --- {0}------------------------------------------------ STATES ANGE COMMISSION D.C. 20549 UNITED SECURITIES AND EXCH Washington, > T III REPORTS -17A-5 PART ANNUAL F FORM X | OMB APPROVAL | |--------------------------| | OMB Number: 3235-0123 | | Expires: Nov. 30, 2026 | | Estimated average burden | | hours per resnonse: 12 | SEC FILE NUMBER 8-67068 #### PAGE FACING and 18a-7 under the Securities Exchange Act of 1934 Information Required Pursuant to Rules 17a-5, 17a-12, | FILING FOR THE PERIOD BEGINNING 01/01/20: | 25 | AND ENDING | 12/31/2025 | | | | | |--------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------|---------------------------------------|-----------------------------------|------------|--|--|--| | | MM/DD
YY | | | MM/DD/YY | | | | | A. REGISTRANT I
DENTIFICATION | | | | | | | | | NAME OF FIRM: Lynx Capital, LLC | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer
Check here if respondent is also an OTC derivatives deale | Security-based swap dealer
r | Major security-based swap participant | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not | use a P.O. box no.) | | | | | | | | 55 Parson Brown Ct. | | | | | | | | | | (No. and
Street) | | | | | | | | Moraga | Δ | | 94556 | | | | | | (City) | (State) | | (Zip Code) | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | | Theodore J. Deutz | 415-713-0
0053 | | tjdeutz@lynxcapitalsecurities.com | | | | | | (Name) | hone Number)
(Area Code - Telep | | (Email Address) | | | | | | | В АССOUNTANT
IDENTIFICATION | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports
Brian Anson | | are contained in this filing* | | | | | | | | (Name - if individual, state l
ast, first, and middle name) | | | | | | | | 18455 Burbank Blvd. | Tarz
ana | | CA | 91356 | | | | | (Address) | (City) | | (State) | (Zip Code) | | | | | 9-15-2005 | | 2370 | | | | | | | (Date of Registration with PCAOB)(if applicable) | (PCAOB Registration Number, if applicable) | | | | | | | | | FOR OFFICIA
AL USE ONLY | | | | | | | ports be covered by the reports of an independent public cumstances relied on as the basis of the exemption. See 17 \* Claims for exemption from the requirement that the annual re accountant must be supported by a statement of facts and cire CFR 240.17a-5(e)(1)(ii), if applicable. tained in this form are not required to respond unless the form displays a currently valid OMB control number. Persons who are to respond to the collection of information con {1}------------------------------------------------ #### FFIRMATION OATH OR A | I, Theodore J. Deutz | swea | r (or affirm) that, to the best of my knowledge and belief, the | |--------------------------------------------|------------------|-------------------------------------------------------------------| | financial report pertaining to the firm of | | as of | | December 31
2 025 | is true and corr | ect. I further swear (or affirm) that neither the company nor any | y be, has any proprietary interest in any account classified solely partner, officer, director, or equivalent person, as the case ma as that of a customer. President Signature: Title: #### I NIS THing™ contalns (check all applicable boxes): - (a) Statement of Tinancial condition. - (b) Notes to consolidated statement of financial condition. - nsive income in the period(s) presented, astatement of on S-X). (c) Statement of income (loss) or, if there is other comprehe comprehensive income (as defined in § 210.1-02 of Regulati - (d) Statement of cash flows. - e proprietor's equity. (e) Statement of changes in stockholders' or partners' or sol - of creditors. (f) Statement of changes in liabilities subordinated to claims - (g) Notes to consolidated financial statements. - 7 CFR 240.18a-1, as applicable. (h) Computation of net capital under 17 CFR 240.15c3-1 or 1 - -2. (i) Computation of tangible net worth under 17 CFR 240.18a - irements pursuant to Exhibit A to 17 CFR 240.15c3-3. (j) Computation for determination of customer reserve requ - eserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. (k) Computation for determination of security-based swap r - der Exhibit A to § 240.15c3-3. (I) Computation for Determination of PAB Requirements un - ents for customers under 17 CFR 240.15c3-3. (m) Information relating to possession or control requireme - nts for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. (n) Information relating to possession or control requireme - ne FOCUS Report with computation of net capital or tangible net FR 240.18a-2, as applicable, and the reserve requirements under 17 ial differences exist, or a statement that no material differences exist. (o) Reconciliations, including appropriate explanations, of th worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 C CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if mater - ed in the statement of financial condition. (p) Summary of financial data for subsidiaries not consolidat - 5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. (q) Oath or affirmation in accordance with 17 CFR 240.17a-5 - or 17 CFR 240.18a-7, as applicable. (r) Compliance report in accordance with 17 CFR 240.17a-5 - r 17 CFR 240.18a-7, as applicable. (s) Exemption report in accordance with 17 CFR 240.17a-5 с - mination of the statement of financial condition. (t) Independent public accountant's report based on an exa - mination of the financial report or financial statements under 17 applicable. (u) Independent public accountant's report based on an exa CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as - mination of certain statements in the compliance report under 17 (v) Independent public accountant's report based on an exa CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - ew of the exemption report under 17 CFR 240.17a-5 or 17 (w) Independent public accountant's report based on a revi CFR 240.18a-7, as applicable. - res, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, ☐ (x) Supplemental reports on applying agreed-upon procedu as applicable. - Cist or found to have existed since the date of the previous audit, CFR 240.17a-12(k). or (y) Report describing any material inadequacies found to ex a statement that no material inadequacies exist, under 17 C - (z) Other: - is filina. see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. \*\*T0 reauest confidential treatment of certain nortions of th {2}------------------------------------------------ #### ital. LLC Iynx Can #### to Rule 17a-5 (d) Report Pursuant #### Statements Financial #### December 31, 2025 For the Year Ended {3}------------------------------------------------ #### BRIAN W. ANSON Certified Public Accountant . (818) 636-5660 18455 Burbank Blvd., Suite 406, Tarzana, CA 91356 • Tel #### JBLIC ACCOUNTING FIRM REPORT OF INDEPENDENT REGISTERED PU To the Member of Lynx Capital, LLC #### Oninion on the Financial Statements ally accepted in the United States of America. 2025, in conformity with accounting principles gener. s and its cash flows for the year ended December 31, ial condition of Lynx Capital, LLC, as of December s in member's equity, and cash flows for the year then to as the financial statements). In my opinion, the pects the financial nosition of Iynx Canital LIC as of December 31, 2025, and the results of its operation I have audited the accompanying statement of financ 31, 2025, the related statements of operations, changes ended, and the related notes (collectively referred financial statements present fairly in all material res #### Basis for Opinion ncial statements based on my audit. I am a public any Accounting Oversight Board (United States) respect to Lynx Capital, LLC in accordance with the es and regulations of the Securities and Exchange nx Capital, LLC's management. My responsibility is Commission and the PCАОВ. to express an opinion on Lynx Capital, LLC's fina accounting firm registered with the Public Comp "(РСАОВ)" and am required to be independent with U.S. federal securities laws and the applicable rul These financial statements are the responsibility of Ly nade by management, as well as evaluating the overall my audit provides a reasonable basis for my opinion. . My audit included performing procedures to assess ements, whether due to error or fraud, and performing dures included examining, on a test basis, evidence al statements. My audit also included evaluating the Is of the PCAOB. Those standards require that I plan e about whether the financial statements are free of accounting principles used and significant estimates m presentation of the financial statements. I believe that material misstatement, whether due to error or fraud the risks of material misstatement of the financial stat procedures that respond to those risks. Such proced regarding the amounts and disclosures in the financi I conducted my audit in accordance with the standard and perform the audit to obtain reasonable assuranc #### Auditor's Report on Supplemental Information ated whether the Supplemental Information, including 7 C.F.R. § 240.17a-5. In my opinion, Schedules I, II, lation to the financial statements taken as a whole. of the Lynx Capital, LLC's management. My audit oplemental Information reconciles to the financial cords, as applicable, and performing procedures to test esented in the Supplemental Information. In forming my opinion on the Supplemental Information, I evalu its form and content is presented in conformity with 1 and III are fairly stated, in all material respects, in rel The Supplemental Information is the responsibility procedures included determining whether the Sup statements or the underlying accounting and other rec the completeness and accuracy of the information pre ("Supplemental Information") has been subjected to udit of the Lynx Capital, LLC's financial statements. The information contained in Schedule 1, II, and Ш audit procedures performed in conjunction with the a BrianCre 017. Certified Public Accountant I have served as Lynx Capital, LLC's auditor since 2 Tarzana, California February 6, 2026 W. Anson {4}------------------------------------------------ ## Lynx Capital, LLC Statement of Financial Condition December 31, 2025 ## Assets | 802 | |--------| | 3,638 | | 11,390 | | | # Liabilities and Member's Equity | Liabilities | | |---------------------------------------|--------| | Accrued Expenses | 1,375 | | Accounts Payable | 802 | | Unearned revenues | 6.349 | | Total liabilities | 8.526 | | Member's Equity | 7,303 | | Total Liabilities and Member's Equity | 15,830 | The accompanying notes are an integral part of these financial statements {5}------------------------------------------------ ## Lynx Capital, LLC Statement of Operations For the Year Ended December 31, 2025 | Revenues | | |-----------------------------|-----------------| | Fees earned | S
485,189 | | Reimbursed expenses | 9.233 | | Total Revenues | 494,422 | | Operating Expenses | | | Commission expense | 435,901 | | Dues and subscriptions | 4.493 | | Email service | 3,553 | | Insurance | 3,246 | | Professional fees | 18,970 | | Travel
Regulatory fees | 14,032
5,823 | | Rent | 7,200 | | Telephone, fax & internet | 3,600 | | Office Expenses | 388 | | Bank fee | 267 | | Total Expenses before taxes | \$ 497.473 | | Taxes | 1,700 | | Total Expenses | \$ 499,173 | | Net loss | \$ (4,751) | The accompanying notes are an integral part of these financial statements {6}------------------------------------------------ # Lynx Capital, LLC Statement of Changes in Member's Equity For the year Ended December 31, 2025 | Balance, December 31, 2024 | \$ 12.054 | |----------------------------|-----------| | Net loss | (4.751) | | Balance, December 31, 2025 | \$ 7.303 | The accompanying notes are an integral part of these financial statements {7}------------------------------------------------ # Lynx Capital, LLC Statement of Cash Flow For the Year Ended December 31, 2025 | Operating Activities | | | |----------------------------------------------------------------------------------------------------------------------------------------------------|---|--------------------------------------------------------| | Net loss
Adjustments to reconcile net loss
to net cash to be used in operating activities
activities: | S | (4,751) | | Accounts receivable
Prepaid expenses
Accounts payable
Accrued Expense
Expense reports payable
Accounts payable
Unearned Revenues | | O
(3,638)
(0)
1,375
( 802)
802
6.349 | | Net cash used in
operating Activities | S | (18,547) | | Net cash increase (decrease) in cash | S | (18,547) | | Cash at beginning of year | S | 29.937 | | Cash at end of year | S | 11.390 | | Cash paid during the year | | | | Interest | S | 0 | | Income taxes | S | | {8}------------------------------------------------ # Lynx Capital, LLC Notes to Financial Statements December 31, 2025 ## Note 1 - Organization and Nature of Business Lynx Capital, LLC, formerly GP Group, LLC (the "Company"), was organized in the State of California on October 21, 2008. The Company operates as a registered broker-dealer in securities under the Securities and Exchange Act of 1934, and is a member of the Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). The Company is engaged in providing private placement of securities on a best effort basis and corporate finance and other investment banking advisory services. The Company does not carry security accounts for customers and does not perform custodial functions relating to customer securities. The Company conducts the following types of business as a securities broker-dealer, which comprises several classes of services, including: - · Investment advisory services - · Private placements of securities The Company is a "non-covered" firm pursuant to Footnote 74 to SEC Release 34-70073 and is therefore not subject to SEA Rule 15c3-3 for the most recent year ended December 31, 2025. The Company represents that it has not held customer funds or securities, did not carry accounts of or for customers and did not carry broker-dealer proprietary accounts as defined in Exchange Act rule 15c3-3. ## Note 2 - Significant Accounting Policies Use of Estimates - The preparation of financial statements in conformity with U.S. GAAP 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. ## Revenue Revenue is measured based on a consideration specified in a contract with a customer, and excludes any sales incentives and amounts collected on behalf of third parties. The Company recognizes revenue when it satisfied a performance obligation by transferring control over a product or service to a customer. {9}------------------------------------------------ # Lynx Capital, LLC Notes to Financial Statements December 31, 2025 ## Note 2 - Significant Accounting Policies (continued) Taxes and regulatory fees assessed by a government authority or agency that are both imposed on and concurrent with a specified revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. #### Nature of services The following is a description of activities - separated by reportable segments, per FINRA Form "Supplemental Statement of Income (SSOI)"; from which the Company generates its revenue. For more detailed information about reportable segments, see below. Fees Earned (Investment Banking Fees; M&A Advisory) includes the following: Placement Fee Income - Placement fee income is earned from providing private placement and advisory services. Revenue is recognized when earned, either by fee contract or the success of a predetermined specified event, and the income is reasonably determinable and collectability assured. Revenue collected in advance of performing the service is treated as unearned revenue. Segment Reporting: The Company is engaged in a single line of business as a securities broker dealer, which is comprised of one class of service. The Company has identified its Chief Executive Officer as the chief operating decision maker (CODM), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital, which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information from the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. Income Taxes - The Company, a limited liability company, is a disregarded entity for tax purposes. In lieu of income taxes, the Company passes 100% of its taxable income and expenses to its member. Therefore, no provision or liability for federal or state income taxes is included in these financial statements. The Company is subject to the annual California LLC tax of \$800 plus an additional fee of \$900 based on total annual revenue for a total of \$1,700. {10}------------------------------------------------ ## Lynx Capital, LLC Notes to Financial Statements December 31, 2025 ## Note 3 - Fair Value of Financial Instruments Unless otherwise indicated, the fair values of all reported assets and liabilities that represent financial instruments (none of which are held for trading purposes) approximate the carrying values of such amounts. The Company has no financial instruments required to be reported at fair value on a recurring basis. #### Note 4 - Related Party Transactions The Company uses the personal residence of the principal as office space and pays rent to the principal in addition to other related expenses such as telephone, fax and internet. Total fees paid to the principal during the year was \$ 10,800. ## Note 5 - Concentration of Credit Risk The top 4 clients represented 80% of total Firm revenue. ## Note 6 - Net Capital Requirement The Company is subject to the SEC Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness (\$2.178) to net capital, both as defined, shall not exceed 15 to 1. Net capital and aggregate indebtedness change day by day, but on December 31, 2025, the Company had net capital of \$ 9,212 which was \$ 4,212 in excess of its required net capital of \$5,000. The Company's net capital ratio was 0.24 to 1. ## Note 7- Subsequent Events Management has reviewed the results of operations for the period of time from its year end December 31, 2025 through February 6, 2026, the date the financial statements were issued and found no reportable subsequent events. ## Note 8 - Litigation Lynx was not involved in any litigation matters in 2025. {11}------------------------------------------------ Supplemental Information {12}------------------------------------------------ # Lynx Capital, LLC Schedule I - Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission As of December 31, 2025 | COMPUTATION OF NET CAPITAL | | |------------------------------------------------------|----------| | Total member's equity qualified for net capital | \$ 7,303 | | Add: | | | Other deductions or allowable credits | \$ 6.349 | | Total capital and allowable subordinated liabilities | | | Deduct: | | | Non-allowable assets | (\$ 4.4 | | Net capital before haircuts on securities positions | \$ 9.213 | | Haircuts on securities (computed, where applicable, | | | pursuant to Rule 15c3-1(f)) | 0 | | Net capital | \$ 9,213 | | | | | AGGREGATE INDEBTEDNESS | | | | | | Items included in statement of financial condition | | | Accounts payable and accrued liabilities | \$ 8.526 | | Total aggregate indebtedness | \$ 8,526 | The accompanying notes rare an integral part of these financial statements {13}------------------------------------------------ # Lynx Capital, LLC Schedule I - Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission As of December 31, 2025 ## COMPUTATION OF BASIC NET CAPITAL REQUIREMENT | Minimum net capital required (6 2/3% of total aggregate indebtedness) | \$ 3.213 | |----------------------------------------------------------------------------|----------| | Minimum dollar net capital requirement of reporting broker or dealer | \$ 5.000 | | Net capital requirement (greater of above two minimum requirement amounts) | \$ 5,000 | | Net capital in excess of required minimum | \$ 4.212 | | Excess net capital at 120% | \$ 3,212 | | Ratio: Aggregate indebtedness to net capital | 93% | ## RECONCILIATION WITH COMPANY'S COMPUTATION Reconciliation of differences in the computation of net capital under Rule 15c3-1 from the Company's computation is as follows: | Net capital per Company's (unaudited) FOCUS Part IIA | \$ 9.212 | |------------------------------------------------------|----------| | Adjustments: | | | Net Capital per audited report | \$9.212 | {14}------------------------------------------------ ## Lynx Capital, LLC Schedule II - Determination of Reserve Requirements Pursuant to Rule 15c3-3 (e) As of December 31, 2025 The Company has no reserve deposit obligations under SEC 15c3-3(e) because it is a "non-covered" firm pursuant to footnote 74 to SEC Release 34-70073 and therefore is not subject to the Rule. {15}------------------------------------------------ # Lynx Capital, LLC Schedule III - Information Relating to Possession or Control Requirements under Rule 15c3-3 (b) As of December 31, 2025 The Company has no possession or control obligations under SEC 15c3-3(b) because it is a "non-covered" firm pursuant to footnote 74 to SEC Release 34-70073 and therefore is not subject to the Rule. {16}------------------------------------------------ ![](_page_16_Picture_0.jpeg) February 6, 2026 ## RE: Lynx Capital, LLC Exemption Report I as member of the management of (the "Company") is responsible for compliance with the annual reporting requirements under Rule 17a-5 of the Securities Exchange Act of 1934. Those requirements compel a broker or dealer to file annual reports with the SEC and the broker's or dealer's designated examining authority. One of the reports to be included in the annual filing is an exemption report prepared by an independent registered public accounting form, based upon a review of assertions provided by the broker or dealer. Pursuant to that requirement, the management of the Company hereby makes the following assertions. The Company is a "non-covered" firm pursuant to Footnote 74 to SEC Release 34-70073 and is therefore not subject to SEA Rule 15c3-3 for the most recent fiscal year ended December 31, 2025. The Company represents that it has not held customer funds or securities, did not carry accounts of or for customers and did not carry broker-dealer proprietary accounts as defined in Exchange Act rule 15c3-3. The Company limits its business activities to private placements of securities on a best efforts basis only and corporate finance and other investment banking advisory services. The Company has maintained compliance with the above throughout the year ended December 31, 2025 without exception. Lynx Capital, LLC Theodore J. Deutz President Lynx Capital, LLC 55 Parson Brown Ct., Moraga, CA 94556 (925) 388-0462 {17}------------------------------------------------ 8RIAN W. ANSON Certified Public Accountant 18455 Burbank Blvd., Suite 406, Tarzana, CA 91356 · Tel. (818) 636-5660 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Member Lynx Capital, LLC Moraga, California I have reviewed management's statements, included in the accompanying SEC Rule 15c3-3 Exemption Report in which Lynx Capital, LLC, stated that Lynx Capital, LLC's, business activities are limited to providing private placements of securities on a best efforts basis only and corporate finance and other investment banking advisory services, and that it has not held customer funds or securities, did not carry accounts of or for customers, and did not carry brokerdealer proprietary accounts as defined in Exchange Act rule 15c3-3, and that Lynx Capital, LLC is classified as "non-covered" pursuant to footnote 74 to SEC Release 34-70073, dated July 30, 2013, and as discussed in Q & A 8 of the related FAQ issued by SEC state on July 1, 2020. Lynx Capital, LLC also stated that it had maintained compliance with the above declaration throughout the most recent year ended December 31, 2025, without exception. Lynx Capital, LLC's management, is responsible for compliance and is not subject to the provisions set forth in Rule 15c3-3 under the Securities and Exchange Act of 1934 and its statements. My review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and accordingly, included inquiries and other required procedures to obtain evidence about Lynx Capital, LLC's declaration concerning the provisions set forth in Rule 15c3-3 under the Securities Exchange Act of 1934. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, I do not express such an opinion. Based on my review, I am not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in Footnote 74 to SEC Release 34-70073. ian W. Anson Certified Public Accountant Tarzana, California February 6, 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.