Private company
Texas Republic Capital Corp
Texas Republic Capital Corp is an American life insurance company based in Austin, incorporated in Texas.1
Last updated Oct 21, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$6.6M
Out of $6.6M in revenue.4 The company lost money this year.
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.3M5 | $1.6M6 | $2.2M7 | $4.2M8 | $5.1M9 | $6.4M4 | $6.6M4 |
| Operating expenses | $4.3M7 | $5.4M8 | $6.5M9 | $7.1M4 | $7.1M4 | ||
| Income tax | $06 | $07 | $08 | $09 | $04 | $04 | |
| Net income | -$1.8M5 | -$2.5M6 | -$2.1M7 | -$1.1M8 | -$1.4M9 | -$716.9K4 | -$557.3K4 |
| Earnings per share | -$0.125 | -$0.176 | -$0.147 | -$0.088 | -$0.099 | -$0.044 | -$0.034 |
| Shares (weighted, basic) | 14.8M shares7 | 15.1M shares8 | 15.8M shares9 | 16.0M shares4 | 16.1M shares4 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $15.2M5 | $11.0M6 | $8.2M7 | $4.4M8 | $11.9M9 | $6.6M4 | $8.7M4 |
| Property, plant and equipment | $17.5K7 | $20.7K8 | $19.5K9 | $16.3K4 | $13.0K4 | ||
| Intangible assets | $295.0K8 | $295.0K8 | $245.8K9 | $196.7K4 | $147.5K4 | ||
| Total assets | $30.3M5 | $36.0M6 | $37.4M7 | $40.3M8 | $42.6M9 | $33.8M4 | $31.7M4 |
| Total liabilities | $19.6M5 | $26.9M6 | $30.8M7 | $31.7M8 | $32.6M9 | $23.2M4 | $20.8M4 |
| Retained earnings | -$11.8M7 | -$13.0M8 | -$14.3M9 | -$15.1M4 | -$15.6M4 | ||
| Shareholders’ equity | $10.7M6 | $9.0M7 | $6.6M8 | $8.5M9 | $10.0M4 | $10.7M4 | $10.8M4 |
| Shares outstanding | 14.8M shares5 | 14.8M shares6 | 14.8M shares7 | 15.5M shares8 | 15.6M shares9 | 15.6M shares4 | 15.6M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$1.9M5 | -$2.0M6 | -$1.4M7 | -$1.2M8 | -$1.4M9 | -$645.5K4 | -$66.1K4 |
| Stock-based compensation | $22.3K7 | $12.2K8 | $4.4K9 | $09 | |||
| Capital spending | $5.0K5 | $12.7K6 | $2.4K7 | $10.4K8 | $5.5K9 | $3.8K4 | $2.5K4 |
| Free cash flow | -$1.9M | -$2.0M | -$1.4M | -$1.2M | -$1.4M | -$649.2K | -$68.7K |
| Cash from investing | -$3.6M7 | -$6.3M8 | $7.6M9 | $4.8M4 | $4.7M4 | ||
| Share buybacks | $83.2K5 | $05 | |||||
| Cash from financing | $2.2M7 | $3.7M8 | $1.3M9 | -$9.4M4 | -$2.6M4 |
Corporate structure
Texas Republic Capital Corp sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
- Texas Republic Capital Corp Austin, Texas
- Axis Insurance Solutions LLC Subsidiary · Texas, United States
- Texas Republic Life Insurance Company Subsidiary · Texas, United States
- Texas Republic Life Solutions, Inc. Subsidiary · Texas, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Texas Republic Capital Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $97.8K4 Dec 31, 2025 | $95.2K4 Dec 31, 2024 | +2.7% |
| Accumulated depreciation | $84.8K4 Dec 31, 2025 | $78.9K4 Dec 31, 2024 | +7.4% |
| Property and equipment, net | $13.0K4 Dec 31, 2025 | $16.3K4 Dec 31, 2024 | −20.3% |
| Operating-lease assets (leased space) | $167.3K4 Dec 31, 2025 | $254.6K4 Dec 31, 2024 | −34.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $8.7M4 Dec 31, 2025 | $6.6M4 Dec 31, 2024 | +30.2% |
| Debt securities available for sale | $4.2M4 Dec 31, 2025 | $5.2M4 Dec 31, 2024 | −19.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $147.5K4 Dec 31, 2025 | $196.7K4 Dec 31, 2024 | −25.0% |
| Finite-lived intangibles, gross | $341.3K4 Dec 31, 2025 | $341.3K4 Dec 31, 2024 | 0% |
| Accumulated amortization | $193.7K4 Dec 31, 2025 | $144.6K4 Dec 31, 2024 | +34.0% |
Properties, in its own words
The Company rents office space for its administrative operations under an agreement that expires in 2027. In determining the present value of lease payments, the Company uses its incremental borrowing rate obtained from its main commercial bank.
Future payments under operating lease arrangements accounted for under ASC Topic 842 as of December 31, 2025 are as follows:
The rest of Item 2
2026 · 104,831
2027 · 98,723
Total operating lease payments, undiscounted · 203,554
Less: interest · (36,258
Lease liability, at present value · 167,296
Item 2 of the 10-K filed Apr 1, 2026.12
Leadership
Who has led Texas Republic Capital Corp, and when. Pick a name to see everywhere that person has worked.
- ChairGregg Earl Zahn Jul 21, 2016 to Jul 21, 201613
- Chief financial officerThomas Frank Kopetic Jan 24, 2017 to Jun 26, 201714
Board members and other officers (11)
- Secretary/TreasurerWilliam Sherman Lay Jul 20, 2016 to Jul 20, 201615
- Board memberJ. Eric T. Sandberg Jr. Jul 14, 2016 to Jul 14, 201616
- Board memberCharles R. Bailey Jul 18, 2016 to Jan 24, 201817
- Board memberVernon R. Woelke Jul 18, 2016 to Jul 18, 201618
- Board memberWilliam Sherman Lay Jul 20, 2016 to Jul 20, 201615
- Board memberDavid L. Cleavinger Jul 26, 2016 to Jul 26, 201619
- Board memberAdrian McDonald Jr. Aug 22, 2016 to Aug 18, 201720
- Board memberSteven D. Braley Aug 22, 2016 to Aug 22, 201621
- Board memberKenneth Ray Davis Aug 26, 2016 to Aug 26, 201622
- Board memberAlvie Joe Mitchell Jr. Sep 7, 2016 to Sep 7, 201623
- Board memberPatrick C. Green Sep 16, 2016 to Sep 16, 201624
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive OfficerTimothy Miller named Jan 17, 202325
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Axis Insurance Solutions LLC Texas3
- Texas Republic Life Insurance Company Texas3
- Texas Republic Life Solutions, Inc. Texas3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
Filings
40 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 7 major events, 1 private raises, 12 other. The latest 20:
- Aug 13, 202610-Q EDGAR
- May 15, 202610-Q EDGAR
- May 14, 20268-K EDGAR
- Apr 23, 2026DEFA14A EDGAR
- Apr 1, 2026DEF 14A EDGAR
- Apr 1, 202610-K EDGAR
- Apr 1, 2026NT 10-K EDGAR
- Nov 14, 202510-Q EDGAR
- Aug 14, 202510-Q EDGAR
- May 15, 202510-Q EDGAR
- May 12, 20258-K EDGAR
- Apr 29, 2025UPLOAD EDGAR
- Apr 3, 2025CORRESP EDGAR
- Apr 1, 2025DEF 14A EDGAR
- Apr 1, 2025UPLOAD EDGAR
- Mar 31, 202510-K EDGAR
- Nov 14, 202410-Q EDGAR
- Aug 14, 202410-Q EDGAR
- May 14, 202410-Q EDGAR
- May 8, 20248-K EDGAR
The 40 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Timothy R. MillerPresident and CEO | 46 | $400.0K | $440.0K33 |
| 2025 | Shane S. MitchellCFO, Secretary, Treasurer | $265.0K | $290.0K33 | |
| 2025 | Gregg E. ZahnChairman | 64 | $200.0K33 | |
| 2024 | Timothy R. MillerPresident and CEO | 46 | $385.0K | $425.0K33 |
| 2024 | Shane S. MitchellCFO, Secretary, Treasurer | $250.0K | $275.0K33 | |
| 2024 | Gregg E. ZahnChairman | 64 | $200.0K33 |
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
SEC filer profile
How Texas Republic Capital Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARTexas Republic Capital Corp1
- CIK0001560452
- Employer ID (EIN)45-531171312
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company12
- Incorporated inTexas12
- Fiscal year endsDecember 311
- Industry code (SIC)6311 Life Insurance1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address13215 Bee Caves Parkway, Austin, TX 787381
- Phone51233000991
- Shares outstanding16,161,185 as of Aug 1, 202611
- Public float$0 as of Jun 30, 20254
- AuditorKerber, Eck & Braeckel LLP, Springfield, Illinois PCAOB ID 718; no auditor attestation of internal control over financial reporting12
- On EDGAR sinceNov 6, 20121
- Filings106 in all: 10-Q (31), 8-K (17), 3 (13), 10-K (10), DEF 14A (10), UPLOAD (6), 4 (3), CORRESP (3)1
All 15 form types
D (3), NT 10-Q (3), 10-12G/A (2), NT 10-K (2), 10-12G (1), 3/A (1), DEFA14A (1)
- Latest filingsAnnual report (10-K) Apr 1, 2026
Quarterly report (10-Q) Aug 13, 2026
Proxy statement (DEF 14A) Apr 1, 2026
Latest 8-K (8-K) May 14, 2026
Risk factors and legal proceedings
Legal proceedings
Various legal proceedings to which the Company or a subsidiary of the Company is party arise from time to time in the normal course of business. As of the date hereof, there are no material pending legal proceedings to which the Company or any of its subsidiaries is a party or of which any of its or its subsidiaries' assets or properties are subject.
The opening of Item 3, Legal Proceedings.12
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13SEC EDGARGregg Earl Zahn, Chair
- 14
- 15
- 16
- 17SEC EDGARCharles R. Bailey, Board member
- 18SEC EDGARVernon R. Woelke, Board member
- 19SEC EDGARDavid L. Cleavinger, Board member
- 20SEC EDGARAdrian McDonald Jr., Board member
- 21SEC EDGARSteven D. Braley, Board member
- 22SEC EDGARKenneth Ray Davis, Board member
- 23SEC EDGARAlvie Joe Mitchell Jr., Board member
- 24SEC EDGARPatrick C. Green, Board member
- 25
- 26SEC EDGARShareholder vote
- 27SEC EDGARShareholder vote
- 28SEC EDGARShareholder vote
- 29SEC EDGARShareholder vote
- 30
- 31SEC EDGARShareholder vote
- 32SEC EDGARExecutive or director change
- 33