Stevie Rey Von, red roan cutting stallion and leading cow horse and rope horse sire, at liberty
NCHA Open Futurity Champion · Theorem Ranch

The cutting industry's defining sire — now shaping champions in the cow horse and roping pen.

Progeny Earnings — Live from AQHA QStallions
$30,182,460
As of — · Verify on QStallions · Refreshed weekly & climbing
—The line only goes one way.
0
Money-Earners
0
Foals of Racing / Show Age
0
World Champions
0
AQHA Points Earned
Portrait of Stevie Rey Von, red roan Quarter Horse cutting stallion
Stevie Rey Von · 2012 · Red Roan
The Sire

Ten million dollars. One year.

Stevie Rey Von's progeny earnings have surged more than $10 million in the past twelve months — one of the steepest climbs the sire ranks have ever seen — and his foals earn it everywhere: the cutting pen, the fence work, and the roping box.

By Metallic Cat and out of Miss Ella Rey by Dual Rey, Stevie carries a pedigree engineered for power and refinement — cow sense, athletic strength, and a mind that stays honest through the longest seasons. He carried that legacy straight into the pen, and now he stamps it on a generation.

His 2015 NCHA Open Futurity Championship was the breakout. He backed it with the 2016 AQHA Junior Cutting World Championship and a 231 in the 2018 NCHA Super Stakes Open Classic finals — an arena record and a Triple Crown record in the same run. The ability was never a single moment. It was a standard.

"Everyone knows who Tom Brady is. They should also know Stevie Rey Von and his offspring." — Jason Itkin, Theorem Ranch
The Pedigree

Bred on both sides to win.

Two of the most influential names in the Western performance horse — layered for cow, athleticism and consistency.

The Stallion
Stevie Rey Von
Red Roan · 2012
Sire & Dam
Sire
Metallic Cat
Dam
Miss Ella Rey
Second Generation
Sire of Metallic Cat
High Brow Cat
Dam of Metallic Cat
Chers Shadow
Sire of Miss Ella Rey
Dual Rey

Six-Panel N/N · Genetic security for the long term

Across Every Discipline

One sire. Every arena.

Most stallions are known for one event. Stevie Rey Von produces champions in three — the rarest kind of versatility in the Western performance horse, and the reason breeders in cutting, reined cow horse and roping all point to the same name.

The Foundation · Cutting Horse Sire

The Cutting Stallion

An NCHA Open Futurity Champion siring Open Futurity Champions. Stevie Rey Von's get dominate the cutting pen — the deepest earnings pool of any sire of his generation, and the foundation everything else is built on.

$23.7M
in cutting earnings
Cow Horse Sire
$4.2M

The Cow Horse Sire

Reined cow horse trainers prize his offspring for trainability and honest cow. Multiple NRCHA Snaffle Bit Futurity finalists and champions carry his blood into the fence work — and he was the youngest sire ever to reach the million-dollar mark in the NRCHA.

Rope Horse Sire
$1.3M

The Rope Horse Sire

The fastest-growing chapter of his legacy. From an AQHA Junior Tie-Down World Champion to head and heel horses shown by Miles Baker and Trevor Brazile — his get have become some of the most sought-after rope prospects in the country.

The Get

His offspring do the talking.

Eight hundred and sixty-seven money-earners and counting — including record-setting sales, world championships, and the rope horses everyone is chasing.

Top-Earning Offspring · Rope Horse
Pride And Joyy

Shown by Miles Baker and Trevor Brazile, "Pride And Joyy" is one of the most talked-about rope horses in the industry — speed, natural rate, and calm execution, the exact traits that define a Stevie Rey Von foal.

AQHA World Champion
Stevies Pride N Joy

2025 AQHA Junior Tie-Down Roping World Champion, ridden by Marcos Costa.

Record Sale
Crosby Ray Von
$1,700,000

A daughter who sold for a record-breaking figure — proof his influence carries a premium.

NCHA Open Futurity Champion
Janie Wood

Cutting's crown jewel, claimed by a Stevie Rey Von — the win that stamped him a sire of Futurity Champions.

First Stevie Rey Von Bonus Winner
Swing Wide
LTE $311,771

2019 blue roan stallion — winner of the inaugural Stevie Rey Von Bonus.

NRCHA Open Futurity — Champion & Reserve
Tornado Jonez & Vince Von

Stevie sired both the NRCHA Open Futurity Champion and the Reserve Champion in the same year — a sweep of the cow horse's biggest stage.

In the News

Headline Makers

When a stallion reshapes an industry, the cameras follow. The latest from the press on Stevie Rey Von, Theorem Ranch, and the family behind them.

Western Sports Round-Up · The Latest
His Own Record

Before he was a sire, he was a champion.

2015
NCHA Open Futurity Champion
The breakout — and the win that would define a bloodline.
2016
AQHA Junior Cutting World Champion
Proof the ability ran deeper than one big moment.
2018
NCHA Super Stakes Open Classic
A 231 in the finals — an arena record and a Triple Crown record in a single run.
2025
Acquired by Theorem Ranch
Kisha and Jason Itkin purchase Stevie Rey Von — opening the next chapter of his legacy.
2026
Welcome home, Stevie
Stevie Rey Von walks through the gates of Theorem Ranch in Weatherford, Texas — where he now stands.
Conformation profile of Stevie Rey Von, standing red roan stallion
Conformation · Balance & Bone
August 2026

Welcome home, Stevie.

Stevie Rey Von now stands at Theorem Ranch in Weatherford, Texas — walked through the gates by the family that believes he belongs to history.

Stevie Rey Von in front of the Theorem Ranch sign in Weatherford, Texas
Theorem Ranch · Weatherford, Texas
Kisha and Jason Itkin walking Stevie Rey Von through the Theorem Ranch gates
Kisha and Jason Itkin with Stevie Rey Von at Theorem Ranch

The 2027 Theorem Ranch Incentive

Stevie Rey Von's offspring compete in cutting, reined cow horse and roping, and the Theorem Ranch Incentive pays in all of them. A paid 2027 breeding to Stevie qualifies one Theorem-sired horse in 2027, including a Stevie 3-year-old headed to the NCHA Open Futurity, where an eligible champion earns a $500,000 bonus.

The short version

1

Buy a 2027 breeding to any Theorem Ranch stallion.

2

Register your Theorem-sired horse with Theorem Ranch at least 30 days before the event.

3

Finish in the top five overall at a qualifying futurity, and Theorem Ranch pays you a bonus on top of the event's prize money.

The bonus isn't automatic. Your horse has to finish in the top five against the whole field. If no eligible Theorem-sired horse finishes in the top five, no bonus is paid.

2027 futurity bonuses

These bonuses are paid on top of each event's own prize money. Placings are overall, against every horse in the finals, not just Theorem horses.

EventChampion2nd3rd4th5th
NCHA Open Futurity$500,000$150,000$120,000$100,000$75,000
NRCHA Snaffle Bit Futurity Open$350,000$75,000$50,000$35,000$25,000
NRHA Futurity Level 4 Open$350,000$75,000$50,000$35,000$25,000
Gold Buckle Futurities World Finals 4 & Under Heading$125,000$40,000$25,000$20,000$15,000
Gold Buckle Futurities World Finals 4 & Under Heeling$125,000$40,000$25,000$20,000$15,000
Gold Buckle Futurities World Finals 4 & Under Breakaway$125,000$40,000$25,000$20,000$15,000

Heading and heeling pay separately. They are two different bonuses. The champion head horse can earn $125,000, and the champion heel horse can earn another $125,000. The money is not split between the two ends.

$100,000 guaranteed at the Riata Championships

This part of the program pays out no matter what.

Theorem Ranch will pay $100,000 to the three Theorem-sired horses that earn the most at the 2027 Riata Championships:

  • $50,000 to the top-earning Theorem-sired horse
  • $30,000 to second
  • $20,000 to third

This is the only part of the program where your horse is measured against other Theorem-sired horses instead of the whole field.

To qualify, the horse needs a current Riata nomination, and the horse's owner or rider must have bought a 2027 Theorem Ranch breeding. The horse must also be registered with Theorem Ranch at least 30 days before the Riata Championships.

A share for the breeder

Every Theorem Ranch Incentive payment is split the same way:

  • One-third goes to the horse's breeder.
  • Two-thirds goes to the horse's owner, who can share it with the trainer or rider under their own private agreement.

Example: If a Theorem-sired horse wins the Gold Buckle 4 & Under Heeling, the $125,000 bonus is split about $83,333 to the owner and about $41,667 to the breeder. If you bred and own the horse, you keep all of it.

Payees are named when the horse is registered.

How to qualify, step by step

  1. Buy a 2027 breeding. It must be a paid 2027 breeding to Stevie Rey Von, SEVS Judgement Day, Pepinstep or Outta Yur League, for a mare you own. Fresh, frozen and ICSI breedings all count.
  2. Pick your horse. Any horse sired by a Theorem Ranch stallion can use your breeding. It doesn't have to be by the stallion you booked.
  3. Register the horse with Theorem Ranch at least 30 days before the event starts. Theorem Ranch must accept the registration.
  4. Compete. If your horse finishes in the top five overall in the finals, you earn the bonus.

One paid breeding qualifies one horse. Buy two breedings, and you can qualify two horses.

What doesn't count: Rebreeds, breedings bought from someone other than Theorem Ranch and complimentary breedings do not qualify unless Theorem Ranch agrees in writing.

Frequently asked questions

I already own a Stevie Rey Von 3-year-old. What do I need to do?

Buy a paid 2027 breeding to any Theorem Ranch stallion for a mare you own, then register your 3-year-old with Theorem Ranch at least 30 days before the event you're entering.

Does my Stevie Rey Von horse qualify just because he's by Stevie?

No. Being by Stevie makes him eligible to be registered. You still have to buy a 2027 breeding, register him on time, and he has to finish in the top five overall.

The basics

What is the Theorem Ranch Incentive?

It's a 2027 bonus program from Theorem Ranch. If you buy a 2027 breeding to a Theorem Ranch stallion and your Theorem-sired horse finishes in the top five at a qualifying futurity, Theorem Ranch pays a bonus on top of the event's prize money. It also guarantees $100,000 to the top three Theorem-sired horses at the 2027 Riata Championships.

Which events count?
  • NCHA Open Futurity
  • NRCHA Snaffle Bit Futurity (Open)
  • NRHA Futurity (Level 4 Open)
  • Gold Buckle Futurities World Finals: 4 & Under Heading, 4 & Under Heeling and 4 & Under Breakaway
  • Riata Championships (guaranteed $100,000 to the top three Theorem-sired horses)
Which stallions are in the program?

Stevie Rey Von, SEVS Judgement Day, Pepinstep and Outta Yur League.

Does this money come out of the event's purse?

No. Theorem Ranch pays it. It's added on top of whatever the event pays.

What years does it cover?

The program covers 2027 events.

Is it guaranteed?

Is the futurity money guaranteed?

No. The futurity bonuses are paid only if an eligible Theorem-sired horse finishes in the top five overall in the finals. If none does, no bonus is paid in that class.

Is the Riata money guaranteed?

Yes. Theorem Ranch will pay the full $100,000 at the 2027 Riata Championships, split $50,000, $30,000 and $20,000 among the three highest-earning eligible Theorem-sired horses.

Is it the top five Theorem horses, or the top five overall?

Top five overall. Your horse is placed against every horse in the finals, not just Theorem horses.

My horse was the highest-placing Theorem horse but finished seventh. Do I get a bonus?

No. A placing below fifth pays nothing.

Does owning or riding a Theorem-sired horse earn a bonus by itself?

No. The owner has to buy a 2027 breeding, register the horse on time, and the horse has to finish in the top five.

Qualifying

What do I have to buy?

A paid 2027 breeding to a Theorem Ranch stallion, for a mare you own.

Does the horse I compete on have to be by the stallion I booked?

No. It has to be sired by one of the four Theorem Ranch stallions, but it can be any of them. Example: You book a mare to Outta Yur League and use that breeding to qualify a Stevie Rey Von 3-year-old at the NCHA Futurity.

Do frozen and ICSI breedings count?

Yes. Fresh, frozen and ICSI breedings all count.

Do rebreeds count?

No, unless Theorem Ranch agrees in writing.

I bought a breeding from another breeder, not from Theorem Ranch. Does it count?

No, unless Theorem Ranch agrees in writing.

What about a free or complimentary breeding?

It doesn't count unless Theorem Ranch agrees in writing.

Can one breeding qualify more than one horse?

No. One paid breeding qualifies one horse. Buy two breedings to qualify two horses.

Can one breeding cover my horse at more than one event?

No. One breeding covers one event. To qualify your horse at a second event, you need a second breeding.

When do I have to register?

At least 30 days before the event starts. If you miss the deadline, your horse is not eligible, even if it wins.

How do I register?

Fill out the registration form at COMING SOON and send it to Theorem Ranch. Your horse is eligible once Theorem Ranch accepts the registration.

Do I still have to enter the event the normal way?

Yes. This program doesn't replace any event's entry, nomination or eligibility rules. Your horse still has to be eligible for and entered in the event on its own.

Does my horse have to be enrolled in Gold Buckle's Elite Stallion program or any other incentive?

No. The Theorem Ranch Incentive is separate from every event's own stallion or breeder incentives.

Getting paid

Who gets the money?

One-third goes to the horse's breeder. Two-thirds goes to the owner, who splits it with the trainer or rider under their own agreement.

Who counts as the breeder?

The breeder of record on the horse's AQHA papers.

I bred and own the horse. Do I get the breeder's share too?

Yes. If you're both the breeder and the owner, you receive the full bonus.

Does Theorem Ranch pay my rider or trainer directly?

No. The owner receives the owner's two-thirds and handles any split with the rider or trainer.

What happens if horses tie?

If an eligible horse ties for a top-five place, the bonus amounts for the tied placing and the next lower placing(s) are added together and split evenly among the tied horses. Only eligible Theorem-sired horses receive a share.

What if my horse is disqualified?

A disqualified horse earns no bonus. If a bonus was already paid, it must be paid back.

Team roping and breakaway

Do heading and heeling split the $125,000?

No. They're separate. The champion head horse can earn $125,000, and the champion heel horse can earn another $125,000.

My partner and I both ride Theorem-sired horses. Can we both get paid?

Yes. The 4 & Under Heading and 4 & Under Heeling are separate classes with separate bonuses, so a head horse and a heel horse can each earn one. Each horse has to be eligible and registered on its own, and each horse's owner needs their own 2027 breeding.

Which Gold Buckle event counts?

The 2027 Gold Buckle Futurities World Finals: the 4 & Under Heading, the 4 & Under Heeling and the 4 & Under Breakaway.

Does the Riata money include breakaway?

No. The Riata Championships are team roping only.

I rope at the Riata on a Theorem-sired horse, but I don't own it. Can I qualify?

Yes, for the Riata money. If you bought a 2027 Theorem Ranch breeding and the horse has a current Riata nomination, it can qualify. For the Gold Buckle bonuses, the horse's owner must hold the breeding.

Is the Riata money paid by division?

No. It goes to the three Theorem-sired horses with the highest earnings at the 2027 Riata Championships. Earnings from every class count, including the Rope Horse Rewards ropings.

What if fewer than three Theorem-sired horses qualify at the Riata?

All of the money is paid out even if fewer than three qualified Theorem-sired horses compete — Theorem Ranch pays ground money.

Contact

Who do I contact with questions?

Email stallions@theoremranch.com.

The Theorem Ranch Incentive is offered by Theorem Ranch Texas, LLC and Theorem Ranch, LLC. Futurity bonuses are paid only if a registered, eligible Theorem-sired horse finishes in the top five overall in the finals of a qualifying event. One paid 2027 breeding qualifies one horse. Rebreeds, breedings purchased from a third party and complimentary breedings do not qualify unless Theorem Ranch agrees in writing. Horses must be registered and accepted at least 30 days before the event begins. A disqualified horse earns no bonus, and any bonus already paid must be refunded. Full program terms apply.

Breeding

Stand your mare on greatness.

Do you own a Stevie? If not — you should.

2027 Breeding Fee
$10,000
+ Chute Fee · Six-Panel N/N
ICSI Fee — $9,000 + Chute Fee
  • SireMetallic Cat
  • DamMiss Ella Rey by Dual Rey
  • Foaled2012 · Red Roan
  • Standing AtTheorem Ranch · Weatherford, Texas
Foals Eligible For
Breeder's InvitationalNCHA Super StakesNational Reining Breeders ClassicNRCHA Stallion StakesRiataPCCHA StakesChrome CashGold Buckle FuturityIQHA Ranch Horse FuturityRoyal Crown
Breeding Inquiries

Let's create the next champion.

Bookings for the 2027 season are limited. The 2026 book is closed. Request your contract below and the Theorem Ranch breeding office will be in touch.