# STASH CAPITAL LLC X-17A-5 (2025-03-26) — Broker-dealer annual report - Company: STASH CAPITAL LLC - Form: X-17A-5 - Filed: 2025-03-26 - Period: 2024-12-31 - Accession: 0001698389-25-000001 - CIK: 1698389 - File #: 8-69908 - Type: Broker-dealer - Material weakness: No - Auditor: EisnerAmper LLP - Auditor location: New York, NY - Contact: Sam Kopkind - Phone: 646-325-3549 - Email: skopkind@stashinvest.com - Website: stashinvest.com - Signed by: Sam Kopkind (Co-manager) Original filing: https://www.sec.gov/Archives/edgar/data/1698389/000169838925000001/Stashpublic2024.pdf --- {0}------------------------------------------------ # STASH CAPITAL LLC # STATEMENT OF FINANCIAL CONDITION AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM December 31, 2024 {1}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | ANNUAL REPORTS | |----------------| | FORM X-17A-5 | | PART III | OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 sec file number 8-69908 FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 AND ENDING\_12/31/2024 filing for the period beginning 01/01/2024 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: STASH CAPITAL LLC TYPE OF REGISTRANT (check all applicable boxes): □ Security-based swap dealer ■ Broker-dealer ‍ | Major security-based swap participant □ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 450 PARK AVENUE SOUTH, SUITE 10-111 (No. and Street) NEW YORK NY 10016 (Zip Code) (City) (State) PERSON TO CONTACT WITH REGARD TO THIS FILING SAM KOPKIND 646-325-3549 SKOPKIND@STASHINVEST.COM (Name) (Area Code - Telephone Number) (Email Address) B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* EISNERAMPER LLP (Name – if individual, state last, first, and middle name) 733 THIRD AVENUE 10017 New York NY (Address) (City) (State) (Zip Code) 09/29/2003 274 (Date of Registration with PCAOB)(if applicable) (PCAOB Registration Number, if applicable) FOR OFFICIAL USE ONLY \* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {2}------------------------------------------------ ### OATH OR AFFIRMATION | Sam Kopkind | swear (or affirm) that, to the best of my knowledge and belief, the | |------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------| | tinancial report pertaining to the firm of Stash Capital LLC | as o | | 12/31 | 2 024 | | | 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.
FLEEN LIN
Notary Public
Queens County
State of New York
-DocuSigned by
Commission Expires 10/12/2025
Ellen Lin | -Signed by:
Signature:
Sam Eppleind
BCFB513273D74BC
Title: | | March 25, 2025
-B870AD28A83B424.
01LI6423405 | Co-manager | Notary Public ### This filing\*\* contains (check all applicable boxes): - (a) Statement of financial condition. - = (b) Notes to consolidated statement of financial condition. - □ (c) Statement of income (loss) 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). - □ (d) Statement of cash flows. - □ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - \_ (f) Statement of changes in liabilities subordinated to claims of creditors. - □ (g) Notes to consolidated financial statements. - □ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - □ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ (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. - □ (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - | (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - | (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. - □ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, 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. - □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - - | - □ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - (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 statements under 17 CFR 240.17a-5, 17 CFR 240.18a-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. - □ (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. - | as applicable. - \_ (y) Report describing any material inadequacies 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). - □ (z) Other: - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(2), as applicable. {3}------------------------------------------------ ## STASH CAPITAL LLC December 31, 2024 | Contents | Page(s) | |---------------------------------------------------------|---------| | Facing Page and Oath or Affirmation | | | Report of Independent Registered Public Accounting Firm | | | Statement of Financial Condition | | | Statement of Financial Condition | | | Notes to Statement of Financial Condition | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Member of Stash Capital LLC ### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Stash Capital LLC (the "Company") as of December 31, 2024 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, 2024, 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 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 statement. 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 statement. We believe that our audit provides a reasonable basis for our opinion. We have served as the Company's auditor since 2024. EISNERAMPER LLP New York, New York March 25, 2025 "EisnerAmper" is the brand name under which Eisner Advisory Group LLC and its subsidiary entities provide professional services. EisnerAmper LLP and Eisner Advisory Group LLC are independently owned firms that practice structure in accordance with the AICPA Code of Professional Conduct and applicable and professional standards. EsnerAmper LLP is a licensed CPA firm that provides attest services, and Eisner Advisory Group LLC and its subsider and business consulting services. Eisner Advisor Group LLC and its subsidiary entities are not licensed CPA firms. {5}------------------------------------------------ ## STASH CAPITAL LLC Statement of Financial Condition December 31, 2024 #### Assets | Cash
Due from affiliate
Due from broker
Deposit at broker
Securities owned, at fair value
Prepaid expense | સ્ત્ર
5,710,426
932,805
662,734
500,000
37,533
25,363 | | |--------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------|--| | Total assets | 7,868,861 | | | Liabilities and Member's Equity | | | | Accounts payable and accrued expenses
Due to affiliate
Total liabilities | ಕ್ರಿ
214,034
497,340
711,374 | | | Member's equity | 7,157,487 | | | Total liabilities and member's equity | ಕಿ
7,868,861 | | {6}------------------------------------------------ ### #\$%& '()\*+,)-.()/00,1(+23,45-)6789.\*)/.5.(2:/.);./.(7<45-)672\*();/.\*+2:.6(+2\*()(24=>2/)?)@246 A)6B)@7C"DCEFGHI6JBKB\*(FGDCEFG(+2,45-)67?)\*K@)6(2:525;2@\*+.-;7(+2L.6)6<.)/M6:B\*(@7 N2KB/)(4@7JB(+4@.(713LMONJP9HI6JBKB\*(CQDCEFGD(+2,45-)67@2K.\*(2@2:)\*);@4R2@S:2)/2@?.(+ (+2'22<25;2@"FDCECdHX+2@2=4@2D64 ()U)//4<)(.46(4(+2,45-)67+)\*;226@2<4@:2:=4@(+272)@26:2:>2<25;2@"FDCECdH X+2,45-)67:42\*64(+)V2)675)(2@.)//.5.(2:/.);./.(7<45-)67()U2\*)((+226(.(7/2V2/=4@(+272)@ 26:2:>2<25;2@"FDCECdHX+2@2=4@2D64-@4V.\*.464@/.);./.(7=4@=2:2@)/D\*()(2)6:/4<)/.6<452()U2\*.\* .62<25;2@"FDCECdH ### h ]e X+2,45-)67.\*@2`B.@2:(45).6().6)<2@().6)54B6(4=<)\*+46:2-4\*.(?.(+(+2,/2)@.6KZ@4R2@(4 <4V2@)674;/.K)(.46\*(+)(5)7)@.\*2=@45(+2,45-)67HX+.\*:2-4\*.()(;@4R2@.\*.6(+2)54B6(4= fiEEDEEEH {7}------------------------------------------------ ### STASH CAPITAL LLC Notes to the Statement of Financial Condition December 31. 2024 ### 2. Summary of Significant Accounting Policies (continued) ### Fractional Shares Affiliate clients may trade and hold fractional shares. The Company does not have control over the stock inventory associated with fractional shares, and therefore does not recognize the fractional shares held by Affiliate clients on its balance sheet. #### Adoption of New Accounting Standards The FASB issued (ASU) 2023-07, "Segment Reporting" (Topic 280) which increased disclosure requirements regarding a public entity's reportable segments effective for fiscal years beginning after December 15, 2023. ASU 2023-07 requires incremental line-item disclosure about each reportable segments. The Company has evaluated the guidance there under and has determined that the Company operates as one operating segment. For further discussion, refer to Footnote 5, Segment Reporting. #### 3. Administrative Services Agreement The Parent provides certain administrative services to the Company under an administrative services agreement and allocates expenses to the Company, on a monthly basis, for occupancy and related expenses, employee compensation and other administrative expenses. Under this agreement the Company, in its operations as an introducing broker, effects transactions for Affiliate, and receives a fee for these services. A receivable balance of \$932,805 is included as Due from affiliate and a payable balance of \$497,340 is included as Due to affiliate on the accompanying Statement of Financial Condition related to the services provided and received under this agreement. #### 4. Indemnifications/Guarantees Accounting Standards Codification ("ASC") Topic 460, "Guarantees" requires the disclosure of the Company's representations and warranties which may provide general indemnifications to others. In the normal course of its business, the Company indemnifies and guarantees certain service providers, such as clearing and custody agents against specified potential losses in connection with providing services to the Company. The maximum potential amount of future payments that the Company could be required to make under these indemnifications cannot be estimated. However, the Company believes that it is unlikely it will have to make material payments under these arrangements and has not recorded any contingent liability in the Statement of Financial Condition for these indemnifications. ### 5. Segment Reporting The Company is engaged in a single line of business as a securities broker-dealer. 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 distributions. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of 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. The Company's segment revenue and expenses reported on the Statement of Operations for the year ended December 31, 2024. The segment assets are reported on the Statement of Financial Condition as total assets at December 31, 2024. {8}------------------------------------------------ ### 6. Risks and Uncertainties The Company maintains cash in bank accounts at financial institutions that exceed federally insured limits. The Company is subject to credit risk to the extent any financial institution with which it conducts business is unable to fulfill contractual obligations on its behalf. The Company has not experienced any losses in such accounts. Portions of the Company's revenue are susceptible to market conditions and may be affected by economic and market events including market volatility, reduced stock prices, and interest rates. The Company relies heavily on several operational systems and technology to function accurately and securely. The ineffectiveness, failure, or other disruption of these systems could adversely impact the Company. The Company is engaged in trading and brokerage activities with Apex Clearing Corporation ("Custodian"). In the event the Custodian does not fuffill its obligations, the Company may be exposed to risk. ### 7. Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various valuation approaches, including the market, income or cost approaches. The fair value model establishes a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. This hierarchy increases the consistency and comparability of fair value measurements and related disclosures by maximizing the use of observable inputs and minimizing the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the assets or liabilities based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: Level 1 inputs to the valuation hierarchy are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date. Level 2 inputs are inputs (other than quoted prices included within Level 1) that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability and rely on management's own assumptions about the assumptions that market participants would use in pricing the asset or liability. The Company's investments at December 31, 2024 comprise publicly traded funds ("ETFs") and single stock holdings valued using Level 1 inputs. Listed ETFs and single stock holdings are priced at the closing price published by the listing exchange. As of December 31, 2024, the Company held securities owned in the amount of \$37,533, which are held at the Clearing Broker. There were no assets and liabilities measured at fair value using Level 2 or Level 3 inputs. | Statement of Financial Condition Line Items | | Amount | |---------------------------------------------|--------|---------| | Securities owned, at fair value | 37,533 | Level 1 | {9}------------------------------------------------ #### 8. Commitments and Contingencies The Affiliate's customers' securities transactions are introduced on a fully-disclosed basis to its Clearing Broker. The Clearing Broker carries all of the customer accounts and is responsible for collection and payment of funds and receipt and delivery of securities relative to customer transactions. These transactions may expose the Company to off-balance-sheet risk, wherein the Clearing Broker may charge the Company for any losses it incurs in the event that customers may be unable to fulfill their contractual commitments, and marqin requirements are not sufficient to fully cover losses. As the right to charge the Company has no maximum amount and applies to all trades executed through the Clearing Broker, the Company believes there is no maximum amount assignable to this right. The Company has not recorded any contingent liability in the financial statements for this agreement and believes that any potential requirement to make payments under these agreements is remote. The Company has the right to pursue collection or performance from the counterparties who do not perform under their contractual obligations. The Company seeks to minimize this risk through procedures designed to monitor the creditworthiness of its customers and to ensure that customer transactions are executed properly by the Clearing Broker, subject to the clearing Broker. #### 9. Regulatory Requirements As a registered broker-dealer, the Company is subject to the SEC Uniform Net Capital Rule ("Rule 15c3-1") of the Securities Exchange Act of 1934, which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 31, 2024, the Company's net capital was \$6,169,860, which exceeded the minimum net capital requirement of \$100,000 by \$6,069,860. The Company's net capital ratio of aggregate indebtedness to net capital was .12 to 1. The Company does not carry securities accounts for customers or perform custodial services and, accordingly, claims exemption from reserve requirements under paragraph (k)(2)(ii) of Rule 15c3-3 of the Securities Exchange Act of 1934. The Company also claims exemption under Footnote 74 as the other business activities are limited to receiving service fee revenue for effecting for customers of the Affiliate. #### Subsequent Events 10. The Company made distributions to its Parent in the ordinary course of \$3,500,000 in January 2025. There were no other subsequent events which would require in the footnotes to the financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.