**SuRo Capital Corp. Reports Fiscal Year 2025 Results**

SuRo Capital Corp., a business development company (BDC) focused on investments in venture capital-backed emerging companies, reported its financial results for the fiscal year ended December 31, 2025. The company's total investment income was $1.69 million, a decrease from $4.67 million in the previous fiscal year. This decline was primarily attributed to the cessation of interest income from short-term U.S. Treasury bills and the redemption of an investment in Architect Capital PayJoy SPV, LLC, along with decreased dividend income from certain holdings. Operating expenses totaled $18.19 million, slightly down from $18.62 million in 2024, with decreases in compensation, professional fees, and other expenses partially offset by increases in interest expense and directors' fees.

The company reported a net investment loss of $16.51 million for the year, compared to a net investment loss of $13.95 million in the prior year. However, SuRo Capital experienced a significant turnaround in its investment portfolio, realizing a net gain on investments of $33.22 million, a stark contrast to the net loss of $5.02 million in the previous year. This gain was largely driven by successful exits from positions in CoreWeave, Inc. and ServiceTitan, Inc., as well as CW Opportunity 2 LP. The company also recorded a net change in unrealized appreciation of investments of $32.11 million, compared to a net change in unrealized depreciation of $18.97 million in the prior year, reflecting positive changes in the fair value of its portfolio holdings.

Key operational developments included funding new investments totaling $11.55 million, primarily in Orchard Technologies, Inc., Whoop, Inc., Plaid Inc., Supplying Demand, Inc. (d/b/a Liquid Death), and HL Digital Assets Inc. The company also continued its share repurchase program, although no shares were repurchased during the year. As of December 31, 2025, SuRo Capital had approximately $25.0 million remaining available for share repurchases under the program. The company also continued its note repurchase program, repurchasing and retiring $8.8 million of aggregate principal amount of the 6.00% Notes due 2026.

Looking ahead, SuRo Capital's strategy remains focused on maximizing total return through capital gains on equity and equity-related investments. The company intends to continue its disciplined approach to identifying and investing in high-growth, venture-backed companies across key industry themes. As of December 31, 2025, the company's net asset value (NAV) per share was $8.09, and the company held $49.03 million in cash. The company's ability to pay distributions to stockholders will depend on its earnings, financial condition, and compliance with regulatory requirements.

About SURO CAPITAL CORP.

SuRo Capital Corp. is a Maryland-based, internally managed business development company (BDC) that invests primarily in high-growth, venture-backed private technology companies. Its focus includes software, AI, fintech, and education tech, offering investors access to private market value creation through direct equity, secondary purchases, and debt. The company aims for capital gains and operates under regulatory and tax advantages of a BDC and RIC.

This description was generated via AI from an annual report. Updated 8 months ago.

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