# BASEROCK CAPITAL, LLC X-17A-5 (2026-03-30) — Broker-dealer annual report - Company: BASEROCK CAPITAL, LLC - Form: X-17A-5 - Filed: 2026-03-30 - Period: 2025-12-31 - Accession: 0002002140-26-000006 - CIK: 2002140 - File #: 8-71191 - Type: Broker-dealer - Material weakness: No - Auditor: Ernst Wintter & Associates LLP - Auditor location: Walnut Creek, CA - Contact: John Steinegger - Phone: 720-853-4235 - Email: jsteinegger@baserockpartners.com - Website: baserockpartners.com - Signed by: John Steinegger (Chief Executive Officer) Original filing: https://www.sec.gov/Archives/edgar/data/2002140/000200214026000006/public.pdf --- {0}------------------------------------------------ Annual Audit Report December 31, 2025 Filed Pursuant to Rule 17-A-5(e)(3) as a Public Document {1}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | | OMB APPROVAL | |--------------------------|--------------| | OMB Number: 3235-01223 | | | Expires: Nov. 30, 2026 | | | Estimated average burden | | | hours per response: 12 | | 8-71191 ## ANNUAL REPORTS FORM X-17A-5 PART III FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ FILING FOR THE PERIOD BEGINNING 01/01/2025 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION # NAME OF FIRM: BaseRock Capital, LLC TYPE OF REGISTRANT (check all applicable boxes): | Broker-dealer | | Security-based swap 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.) # 1600 Wynkoop Street, Suite 200 | | (No. and Street) | | | |--------------------------------------------------|---------------------------------------------------------------------------|--------------------------------------------|--| | Denver | CO | 80202 | | | (City) | (State) | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | John Steinegger | (720) 853-4235 | jsteinegger@baserockpartners.com | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | Ernst Wintter & Associates LLP | (Name - if individual, state last, first, and middle name) | | | | | 675 Yqnacio Valley Road, Suite A200 Walnut Creek | 94596
CA | | | (Address) | (City) | (State)
(Zip Code) | | | February 24, 2009 | | 3438 | | | (Date of Registration with PCAOB)(if applicable) | | (PCAOB Registration Number, if applicable) | | \* 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 I. John Steinegger , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of BaseRock Capital, LLC as of the same and and of , 2025\_\_ is true and correct. I further swear (or affirm) that neither the company nor any December 31 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: Chief Executive Officer #### 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. - [] (computation for determination of customer reserve requirements pursuant to Exhibit A to 1/ CFK 240.1563-3. - | (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. - [1) 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 capital or tangible net worth under 17 CFR 240.15c3-1, 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. - □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - | (q) Oath or affirmation in accordance with 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - [ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [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. - | (x) Supplemental reports on applying agreed upon procedures, in accordance with 17 CFR 240.17a-12, 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)(3), or 17 CFR 240.18c-7(d)(2), as applicable. {3}------------------------------------------------ # BaseRock Capital, LLC Table of Contents | Report
of
Independent
Registered
Public
AccounƟng
Firm | 1 | |--------------------------------------------------------------------------|-----| | Statement
of
Financial
CondiƟon | 2 | | Notes to Financial Statement | 3-5 | {4}------------------------------------------------ 675 Ygnacio Valley Road, Suite A200 (925) 933-2626 Walnut Creek, CA 94596 Fax (925) 944-6333 #### Report of Independent Registered Public Accounting Firm To the Member of BaseRock Capital, LLC #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of BaseRock Capital, LLC (the "Company") asof 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 PublicCompany Accounting Oversight Board (United States) (PCAOB) and are required to be independentwith 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 ofmaterial 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. Walnut Creek, California March 24, 2026 {5}------------------------------------------------ # Statement of Financial Condi�on December 31, 2025 | Assets | | |--------------------------------------------------|-----------------| | Cash | \$
2,314,595 | | Accounts receivable | 25,000 | | Prepaids | 3,049 | | Total assets | \$
2,342,644 | | Liabili�es
and
Member's
Equity | | | LiabiliƟes | | | Accounts payable | \$
1,233 | | Deferred revenue | 25,000 | | Total
liabiliƟes | 26,233 | | Member's equity | 2,316,411 | | Total
liabiliƟes
and
member's
equity | \$
2,342,644 | {6}------------------------------------------------ Notes to the Financial Statement December 31, 2025 ### Note 1: Organiza�on BaseRock Capital, LLC (the "Company") is a broker-dealer registered with the SecuriƟes and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority ("FINRA"), with its principal place of business located in Denver, Colorado. The Company was approved by the SEC and became a member of FINRA on June 17, 2024. The Company is a wholly-owned subsidiary of BaseRock Partners, LLC (the "Member"). The Company provides merger and acquisiƟon ("M&A") services. Services may consist of advisory work in connecƟon with M&A transacƟons, sales, divesƟtures, and advisory recapitalizaƟons. The Company may also provide valuaƟon services on a standalone basis or in combinaƟon with other M&A services. ### Note 2: Summary of Significant Accoun�ng Policies #### Basis of Presenta�on The Company follows Generally Accepted AccounƟng Principles ("GAAP"), as established by the Financial AccounƟng Standards Board ("FASB"), to ensure consistent reporƟng of financial condiƟon, results of operaƟons, and cash flows. ### Use of Es�mates in Prepara�on of Financial Statement The preparaƟon of the accompanying financial statement in conformity with GAAP requiresmanagement to make certain esƟmates and assumpƟons that directly affect the resultsof reported assets, liabiliƟes, and expenses. Actual results may differ from these esƟmates and are subject to change in the near term. #### Fair Value of Financial Instruments Unless otherwise indicated, the fair values of all reported assets and liabiliƟesthat represent financial instruments approximate the carrying values of such amounts. #### Segment Informa�on The Company is engaged in a single line of business as an M&A broker-dealer which is comprised of investment banking services described below. The Company hasidenƟfied its Chief ExecuƟve Officer as the chief operaƟng decision maker ("CODM"), who uses net income/loss to evaluate the results of the business, predominantly in the forecasƟng process, to manage the Company. AddiƟonally, the CODM uses excess net capital (see Note 4), which is not a measure ofprofit and loss, to make operaƟonal decisions while maintaining capital adequacy, such as whether to maintain profits or pay distribuƟons. The Company's operaƟons consƟtute a single operaƟng segment and therefore, a single reportable segment, because the CODM manages the business acƟviƟes using informaƟon of the Company as a whole. The accounƟng policies used to measure the profit and loss of the segment are the same as those described in these policies. {7}------------------------------------------------ ### Notes to the Financial Statement December 31, 2025 #### Revenue RecogniƟon Fees received prior to the compleƟon of the performance obligaƟon are recorded as deferred revenue on the statement of financial condiƟon unƟl suchƟme when the performance obligaƟon is met. Deferred revenue was \$65,000 and \$25,000 at January 1, 2025 and December 31, 2025, respecƟvely. AlternaƟvely, a receivable is recognized when a performance obligaƟon is met prior to receiving payment by the customer. Receivables related to revenue from contracts with customers totaled \$0 and \$25,000 as of January 1, 2025 and December 31, 2025, respecƟvely. #### Cash and Cash Equivalents Cash equivalents are defined as highly liquid investments, with original maturiƟes of less than three months that are not held for sale in the ordinary course of business. There were no cash equivalents at December 31, 2025. The Company maintains its cash in a bank deposit account at a financial insƟtuƟon that is insured by the Federal Deposit Insurance CorporaƟon, subject to federal insured limits. The Company is at risk to the extent it maintains balances with such insƟtuƟons in excess of Federal Deposit Insurance CorporaƟon coverage. However, the Company does not believe it is exposed to any significant credit risk. #### Income Taxes The Company operates as a single member limited liability company and is considered a disregarded enƟty for United States income tax reporƟng purposes. Consequently, all income or loss is included on the tax return of the Member. Therefore, no provision or liability for federal income taxes has been included in the financialstatement. There are no uncertain tax posiƟons, and the Company is subject to examinaƟon by taxing authoriƟes. #### ComputaƟon of Customer Reserves The Company has no possession or control obligaƟons under SEA Rule 15c3-3(b) or reserve obligaƟons under SEA Rule 15c3-3(e) because its business is limited to acƟviƟesinvolving M&A advice and other financial advisory services. #### Subsequent Events The Company hasevaluated subsequent events through March 24, 2026, the date the financial statement was issued. There were no subsequent events to disclose. {8}------------------------------------------------ ### Notes to the Financial Statement December 31, 2025 ### Note 3: Related-Party Transac�ons The Company has an expense sharing agreement with the Member in which the Member agrees to provide any and all management and back office services required by the Company, and the Company is not obligated to reimburse the Member. These services include rent, uƟliƟes, computers, so�ware, accounƟng, insurance, and salary expenses. The Company's financial condiƟon could differsignificantly from those that would have been obtained if the enƟƟes were autonomous. ### Note 4: Net CapitalRequirements The Company issubject to the SecuriƟes and Exchange Commission's uniform net capital rule ("Rule 15c3-1") which requires the Company to maintain a minimum net capital equal to or greater than \$5,000 and a raƟo of aggregate indebtedness to net capital not exceeding 15 to 1, both as defined. As of December 31, 2025, the Company's net capital was \$2,288,362 which exceeded the requirement by \$2,283,362. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.