Full text of SDR CAPITAL MARKETS, LLC's X-17A-5 filed 2026-03-02 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ #### SDR CAPITAL MARKETS, LLC FINANCIAL STATEMENTS December 31, 2025 Report pursuant to Rule 17a-5(d) {1}------------------------------------------------ ## # 8-69430 01/01/2025 12/31/2025 SDR Capital Markets, LLC X 5613 DTC Parkway, Suite 830 Greenwood Village CO 80111 Carol Ann Kinzer 678-525-0992 ckinzer@sdrventures.com Cherry Bekaert LLP 4601 DTC Parkway, Suite 700 Denver CO 80237 October 20, 2003 349 {2}------------------------------------------------ # | &ric Davis | |------------| | | Principal SDR Capital Markets, LLC December 31 025 | <br><br><br><br><br><br><br><br><br><br><br><br> | <br><br><br><br><br><br><br><br><br><br><br><br><br> | <br><br><br> | |--------------------------------------------------|------------------------------------------------------|--------------| | | | | - X - X - - - - - - - - - - - - - - - X - - - - - - - - - - {3}------------------------------------------------ #### SDR CAPITAL MARKETS, LLC | CONTENTS | Page(s) | |---------------------------------------------------------|---------| | Report of Independent Registered Public Accounting Firm | 2 | | Statement of Assets, Liabilities<br>and Equity | 3 | | Notes to Financial Statements | 4-8 | {4}------------------------------------------------  # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member of SDR Capital Markets, LLC # **Opinion on the Financial Statement** We have audited the accompanying statement of assets, liabilities and equity of SDR Capital Markets, LLC (the "Company") 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 position of the Company 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 the Company's management. Our responsibility is to express an opinion on the Company'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 the Company 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 accor…Read the full text as markdown