SuRo Capital Corp
NASDAQ:SSSS

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SuRo Capital Corp
NASDAQ:SSSS
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Price: 10.79 USD -5.52% Market Closed
Market Cap: $274m

SuRo Capital Corp
Investor Relations

SuRo Capital (Nasdaq: SSSS, formerly known as GSV Capital) is a publicly-traded fund that seeks to invest in high-growth, venture-backed private companies. The company is headquartered in New York City, New York and currently employs 9 full-time employees. The company went IPO on 2011-04-28. The firm's investment objective is to maximize its portfolio’s total return, principally by seeking capital gains on equity and equity-related investments, and to a lesser extent, income from debt investments. The firm acquires its investments through direct investments in prospective portfolio companies, secondary marketplaces for private companies, and negotiations with selling stockholders. In addition, the Company invests in private credit and in the founders equity, founders warrants, forward purchase agreements, and private investment in public equity (PIPE) transactions of special purpose acquisition companies (SPACs). The company may also invest on an opportunistic basis in select publicly traded equity securities or certain non-United States companies and make investments in private equity funds and hedge funds. The firm's investor adviser is GSV Asset Management, LLC.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 10, 2026
AI Summary
Q4 2025

NAV update: Reported net asset value was $205.3 million, or $8.09 per share, at December 31, 2025 (year-over-year NAV growth ~21% from $6.68).

Post-year value: Management says financings completed or being finalized in early 2026 (including OpenAI) could add at least $5.00 and as much as $6.50 per share to current NAV, but those are not yet reflected in the reported year‑end NAV.

Portfolio positioning: About 31% of the portfolio is in AI infrastructure & applications; the top five positions (OpenAI, WHOOP, Blink Health, Canva, Learneo) account for ~54% of the portfolio and the top 10 for ~80%.

Liquidity & capital actions: Liquid assets of ~$50.1 million (including ~$49.0M cash); Board extended note and share repurchase programs and paid a $0.25/share dividend in December.

Realizations & activity: Q4 distributions from CW Opportunity 2 LP totaled ~$9M ( ~$6.7M gain, ~$2.3M return of capital); other small monetizations and a $5M funding of a $20M commitment to Tensor Wave were disclosed.

Balance sheet cleanup: Repurchased ~$39.2M principal of 6% notes due 2026 (≈52% of original issuance); ~$35.8M of that program remains available to repurchase.

Key Financials
Net asset value (total)
$205.3 million
Net asset value per share
$8.09 per share
NAV per share (Q3 to Q4 components)
$8.09 per share (Q4)
Potential post-year NAV upside
$5.00 to $6.50 per share
Stock price (year)
$9.44 (end of 2025)
Dividends paid
$0.50 per share (total in 2025); $0.25 per share declared and paid on Dec 5
Liquid assets
$50.1 million (including ~$49.0M cash and ~$1.1M unrestricted public securities)
Public securities subject to restrictions
$17.8 million
Top portfolio concentration
Top 5 positions ≈ 54% of investment portfolio; Top 10 ≈ 80%
Portfolio allocation — AI infrastructure & applications
Approximately 31% of investment portfolio (fair value)
Portfolio allocation — Consumer Goods & Services
Approximately 21% of investment portfolio (fair value)
Portfolio allocation — Software as a Service
Approximately 20% of investment portfolio (fair value)
Portfolio allocation — Education technology
Approximately 11% of investment portfolio (fair value)
Portfolio allocation — Financial Technology & Services
Approximately 8% of investment portfolio (fair value)
Portfolio allocation — Logistics & supply chain
Approximately 8% of investment portfolio (fair value)
Portfolio allocation — SuRo Sports
Approximately 2% of investment portfolio (fair value)
CW Opportunity 2 LP distributions (Q4)
Approximately $9.0 million total (≈ $6.7M gain, ≈ $2.3M return of capital)
Sale proceeds — Forge Global
Net proceeds ≈ $3.1 million; realized gain ≈ $1.1 million (total realized gain on the investment ≈ $5.0M)
Convertible notes repurchased (6% due 2026)
1,566,807 notes repurchased (~$39.2 million principal; ≈52% of original issuance)
Remaining repurchase capacity — 6% notes
Approximately $35.8 million aggregate principal may yet be repurchased
Share repurchase program authorized
Up to $64.3 million authorized; approximately $25.0 million remains available
ATM program availability
Approximately $87.9 million of shares remain available for sale under the ATM
Shares outstanding
25,377,756 common shares outstanding (as of Dec 31)
Tensor Wave commitment
Committed up to $20.0 million; $5.0 million funded as of Jan 2 / Mar 10
Earnings Call Recording
Other Earnings Calls

Management

Mr. Mark David Klein
Chairman, President & CEO
No Bio Available
Ms. Allison Green CPA
CFO, Treasurer, Chief Compliance Officer & Corporate Secretary
No Bio Available
Mr. Maulik Sardhara
Controller
No Bio Available
Mr. Adam Bates
Vice President
No Bio Available
Mr. Evan Schlossman
Investor
No Bio Available
Ms. Jazelyn Jose
Finance Associate
No Bio Available

Contacts

Address
NEW YORK
New York City
640 Fifth Avenue, 12Th Floor
Contacts
+16502354769.0
surocap.com
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