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SuRo Capital Corp. Reports Second Quarter 2025 Financial Results

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SuRo Capital Corp. (Nasdaq: SSSS) reported strong Q2 2025 financial results, with net assets reaching $219.4 million ($9.18 per share), marking a 35% increase from $6.66 per share in Q1 2025. The growth was primarily driven by AI-focused investments, including CoreWeave's successful IPO and OpenAI's $40 billion capital raise. The company's investment portfolio comprised 36 companies with a total fair value of $243.8 million.

Key developments include a $5 million investment in Plaid and significant exits from CoreWeave and ServiceTitan, generating $41.2 million in net proceeds. The Board declared an initial cash dividend of $0.25 per share, with additional distributions planned for 2025. The company's liquid assets stood at $52.4 million as of June 30, 2025.

[ "Net Asset Value (NAV) increased by over 35% to $9.18 per share", "AG˹ٷized gains of $21.2 million from investment exits", "Net unrealized appreciation of $44.8 million in investments", "Initial cash dividend of $0.25 per share declared", "Strong liquidity position with $52.4 million in liquid assets" ]

SuRo Capital Corp. (Nasdaq: SSSS) ha riportato solidi risultati finanziari nel secondo trimestre del 2025, con un patrimonio netto che ha raggiunto 219,4 milioni di dollari (9,18 dollari per azione), segnando un aumento del 35% rispetto ai 6,66 dollari per azione del primo trimestre 2025. La crescita è stata principalmente guidata dagli investimenti focalizzati sull'IA, inclusa la riuscita IPO di CoreWeave e la raccolta di capitali da 40 miliardi di dollari di OpenAI. Il portafoglio investimenti della società comprendeva 36 aziende per un valore equo totale di 243,8 milioni di dollari.

Gli sviluppi chiave includono un investimento di 5 milioni di dollari in Plaid e uscite significative da CoreWeave e ServiceTitan, che hanno generato 41,2 milioni di dollari di proventi netti. Il Consiglio ha dichiarato un dividendo in contanti iniziale di 0,25 dollari per azione, con ulteriori distribuzioni previste per il 2025. Le attività liquide della società ammontavano a 52,4 milioni di dollari al 30 giugno 2025.

  • Valore Patrimoniale Netto (NAV) aumentato di oltre il 35% a 9,18 dollari per azione
  • Plusvalenze realizzate per 21,2 milioni di dollari da uscite di investimenti
  • Apprezzamento netto non realizzato di 44,8 milioni di dollari negli investimenti
  • Dividendo in contanti iniziale dichiarato di 0,25 dollari per azione
  • Solida posizione di liquidità con 52,4 milioni di dollari in attività liquide

SuRo Capital Corp. (Nasdaq: SSSS) reportó sólidos resultados financieros en el segundo trimestre de 2025, con activos netos que alcanzaron 219,4 millones de dólares (9,18 dólares por acción), lo que representa un aumento del 35% respecto a los 6,66 dólares por acción del primer trimestre de 2025. El crecimiento se debió principalmente a inversiones enfocadas en IA, incluyendo la exitosa oferta pública inicial (IPO) de CoreWeave y la recaudación de capital de 40 mil millones de dólares de OpenAI. La cartera de inversiones de la compañía comprendía 36 empresas con un valor total justo de 243,8 millones de dólares.

Los desarrollos clave incluyen una inversión de 5 millones de dólares en Plaid y salidas significativas de CoreWeave y ServiceTitan, generando 41,2 millones de dólares en ingresos netos. La Junta declaró un dividendo en efectivo inicial de 0,25 dólares por acción, con distribuciones adicionales planeadas para 2025. Los activos líquidos de la compañía ascendían a 52,4 millones de dólares al 30 de junio de 2025.

  • El Valor Neto de los Activos (NAV) aumentó más del 35% a 9,18 dólares por acción
  • Ganancias realizadas de 21,2 millones de dólares por salidas de inversiones
  • Apreciación neta no realizada de 44,8 millones de dólares en inversiones
  • Dividendo en efectivo inicial declarado de 0,25 dólares por acción
  • Posición de liquidez sólida con 52,4 millones de dólares en activos líquidos

SuRo Capital Corp. (나스�: SSSS)� 2025� 2분기� 강력� 재무 성과� 보고했으�, 순자산이 2� 1,940� 달러(주당 9.18달러)� 달해 2025� 1분기 주당 6.66달러에서 35% 증가했습니다. � 성장은 주로 AI� 집중� 투자, 특히 CoreWeave� 성공적인 IPO와 OpenAI� 400� 달러 자본 조달� 의해 견인되었습니�. 회사� 투자 포트폴리오는 � 공정가� 2� 4,380� 달러36� 기업으로 구성되어 있습니다.

주요 발전 사항으로� Plaid� 500� 달러 투자와 CoreWeave � ServiceTitan에서� 주요 출구� 4,120� 달러� 순수�� 창출� 점이 포함됩니�. 이사회는 주당 0.25달러� 초기 현금 배당� 선언했으�, 2025� 추가 배당� 계획 중입니다. 2025� 6� 30� 기준 회사� 유동 자산은 5,240� 달러옶습니�.

  • 순자산가�(NAV)가 주당 9.18달러� 35% 이상 증가
  • 투자 출구에서 2,120� 달러� 실현 이익
  • 투자에서 4,480� 달러� � 미실� 평가이익
  • 주당 0.25달러� 초기 현금 배당 선언
  • 5,240� 달러� 강력� 유동� 보유

SuRo Capital Corp. (Nasdaq : SSSS) a annoncé de solides résultats financiers pour le deuxième trimestre 2025, avec des actifs nets atteignant 219,4 millions de dollars (9,18 dollars par action), soit une augmentation de 35 % par rapport à 6,66 dollars par action au premier trimestre 2025. Cette croissance a été principalement stimulée par des investissements axés sur l'IA, notamment l'entrée en bourse réussie de CoreWeave et la levée de fonds de 40 milliards de dollars par OpenAI. Le portefeuille d'investissement de la société comprenait 36 entreprises pour une valeur totale estimée à 243,8 millions de dollars.

Les développements clés incluent un investissement de 5 millions de dollars dans Plaid et des sorties significatives de CoreWeave et ServiceTitan, générant 41,2 millions de dollars de produits nets. Le conseil d'administration a déclaré un dividende initial en espèces de 0,25 dollar par action, avec d'autres distributions prévues pour 2025. Les actifs liquides de la société s'élevaient à 52,4 millions de dollars au 30 juin 2025.

  • Valeur nette d'inventaire (VNI) en hausse de plus de 35 % à 9,18 dollars par action
  • Gains réalisés de 21,2 millions de dollars provenant des sorties d'investissement
  • Appréciation nette non réalisée de 44,8 millions de dollars sur les investissements
  • Dividende initial en espèces déclaré de 0,25 dollar par action
  • Solide position de liquidité avec 52,4 millions de dollars d'actifs liquides

SuRo Capital Corp. (Nasdaq: SSSS) meldete starke Finanzergebnisse für das zweite Quartal 2025, wobei das Nettovermögen 219,4 Millionen US-Dollar (9,18 US-Dollar pro Aktie) erreichte, was einem Anstieg von 35 % gegenüber 6,66 US-Dollar pro Aktie im ersten Quartal 2025 entspricht. Das Wachstum wurde hauptsächlich durch KI-fokussierte Investitionen angetrieben, darunter der erfolgreiche Börsengang von CoreWeave und die Kapitalerhöhung von OpenAI in Höhe von 40 Milliarden US-Dollar. Das Anlageportfolio des Unternehmens umfasste 36 Unternehmen mit einem Gesamtmarktwert von 243,8 Millionen US-Dollar.

Wichtige Entwicklungen umfassen eine 5-Millionen-Dollar-Investition in Plaid sowie bedeutende Ausstiege aus CoreWeave und ServiceTitan, die 41,2 Millionen US-Dollar Nettoprofit generierten. Der Vorstand erklärte eine anfängliche Bardividende von 0,25 US-Dollar pro Aktie, mit weiteren Ausschüttungen, die für 2025 geplant sind. Die liquiden Mittel des Unternehmens beliefen sich zum 30. Juni 2025 auf 52,4 Millionen US-Dollar.

  • Nettoinventarwert (NAV) stieg um über 35 % auf 9,18 US-Dollar pro Aktie
  • AG˹ٷisierte Gewinne aus Investitionsverkäufen in Höhe von 21,2 Millionen US-Dollar
  • Netto nicht realisierte Wertsteigerung von 44,8 Millionen US-Dollar bei Investitionen
  • Anfängliche Bardividende von 0,25 US-Dollar pro Aktie erklärt
  • Starke Liquiditätsposition mit 52,4 Millionen US-Dollar an liquiden Mitteln
Positive
  • None.
Negative
  • Net investment loss of $3.7 million ($0.16 per share)
  • Portfolio concentration risk with top 5 investments accounting for 53% of total portfolio

Insights

SuRo Capital's NAV surged 35% to $9.18/share in Q2 2025, driven by AI investments including CoreWeave's IPO and OpenAI's record $40B raise.

SuRo Capital's second quarter results reveal an exceptional 35% quarter-over-quarter increase in NAV per share, jumping from $6.66 to $9.18. This remarkable growth stems primarily from strategic positioning in the AI infrastructure space, with the company's investment thesis being strongly validated by market developments.

The portfolio's appreciation was largely driven by two key AI investments: CoreWeave's successful IPO and OpenAI's historic $40 billion raise at a $300 billion valuation. These investments exemplify SuRo's early-mover advantage in identifying transformative technology platforms before they reach mainstream recognition.

The financial performance metrics tell a compelling story. Net assets totaled approximately $219.4 million, representing a 37.8% quarterly increase and a 32.3% year-over-year improvement. The company reported $21.2 million in realized gains and $44.8 million in unrealized appreciation, contributing to a $62.3 million increase in net assets from operations.

SuRo's investment strategy continues to evolve with a $5 million deployment into Plaid, a fintech infrastructure company with significant market penetration. This move indicates SuRo's focus on foundational technology platforms that power broader ecosystems rather than individual applications.

The declaration of a $0.25 per share dividend—SuRo's first cash dividend—signals management's confidence in ongoing portfolio monetization. With $52.4 million in liquid assets (approximately 24% of net assets), the company maintains substantial dry powder for opportunistic investments while returning capital to shareholders.

The concentration in the top five investments (52.5% of the portfolio) reveals a high-conviction approach, with AI-related holdings representing nearly 30% of the portfolio value. This concentrated strategy has clearly paid off in Q2, though it does create exposure to volatility in these specific sectors.

Ongoing Net Asset Value Growth Driven by AI-Focused Investments

Net Asset Value of $9.18 Per Share as of June 30, 2025

NEW YORK, Aug. 06, 2025 (GLOBE NEWSWIRE) -- (“SuRo Capital�, the “Company�, “we�, “us�, and “our�) (Nasdaq: ) today announced its financial results for the second quarter ended June 30, 2025. Net assets totaled approximately $219.4 million, or $9.18 per share, at June 30, 2025, as compared to $6.66 per share, at March 31, 2025 and $6.94 per share at June 30, 2024.

“The second quarter of 2025 marked SuRo Capital’s strongest performance since our inception, highlighted by a greater than 35% increase in NAV per share,� said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital. “This exceptional growth was fueled by broad market recognition of the value being created by AI infrastructure companies. CoreWeave’s successful IPO and strong post-IPO trading were key drivers of this appreciation. In addition, OpenAI’s historic $40 billion capital raise at a $300 billion post-money valuation—the largest private financing ever for a technology company—further validated the demand for transformative AI platforms. We also saw encouraging activity elsewhere across the portfolio. Canva is reportedly preparing for a secondary tender at a $37 billion valuation, and Colombier Acquisition Corp. II completed its merger with GrabAGun, further building on SuRo Capital’s SPAC sponsor strategy success,� Klein added.

Mr. Klein continued, “Beyond these marquee events, we remain focused on investing in the next generation of category-defining companies. In April, we deployed $5 million into Plaid through a wholly owned SPV. Plaid is a foundational fintech platform that connects financial applications to consumers, reaching an estimated one in every two adults in the U.S.�

“As a result of this strong performance and momentum across our portfolio, our Board of Directors declared an initial cash dividend of $0.25 per share. This dividend is driven by successful monetizations of SuRo Capital’s public securities. Based on current portfolio activity and subject to Board approval, we intend to announce additional distributions throughout the remainder of the year,� Mr. Klein concluded.

Investment Portfolio as of June 30, 2025

At June 30, 2025, SuRo Capital held positions in 36 portfolio companies � 33 privately held and 3 publicly held � with an aggregate fair value of approximately $243.8 million. The Company’s top five portfolio company investments accounted for approximately 53% of the total portfolio at fair value as of June 30, 2025.

Top Five Investments as of June 30, 2025

Portfolio Company($ in millions)Cost BasisFair Value% of Total Portfolio
CW Opportunity 2 LP(1)$15.2$40.916.8%
ARK Type One Deep Ventures Fund LLC(2)17.727.811.4
Whoop, Inc.11.023.79.7
Colombier Sponsor II LLC1.620.38.3
Learneo, Inc.15.015.46.3
Total(3)
$60.5$128.052.5%
___________________
(1) CW Opportunity 2 LP is an SPV for which the Class A Membership Interest is solely invested in the Class A Common Shares of CoreWeave, Inc. SuRo Capital is invested in the Class A Common Shares of CoreWeave, Inc. through its investment in the Class A Membership Interest of CW Opportunity 2 LP. SuRo Capital confirmed, as of June 30, 2025, the underlying Class A Common Shares held by CW Opportunity 2 LP were not registered and are therefore subject to certain restrictions on sale or transfer for which SuRo Capital has applied a discount to the closing share price as of the reporting date.
(2) ARK Type One Deep Ventures Fund LLC is an investment fund for which the Class A Membership Interest is solely invested in the Convertible Interest Rights of OpenAI Global, LLC. SuRo Capital is invested in the Convertible Interest Rights of OpenAI Global, LLC through its investment in the Class A Membership Interest of ARK Type One Deep Ventures Fund LLC.
(3) Total may not sum due to rounding.


Second Quarter 2025 Investment Portfolio Activity

During the three months ended June 30, 2025, SuRo Capital made the following investment:

Portfolio CompanyInvestmentTransaction DateAmount(1)
Plaid Inc.(2)Class A Common Shares4/4/2025$5.0 million
___________________
(1) Amount invested does not include capitalized costs, origination fees, or prepaid expenses.
(2) SuRo Capital’s investment in the Class A Common Shares of Plaid Inc. was made through 1789 Capital Nirvana II LP, an SPV in which SuRo Capital is the Sole Limited Partner. SuRo Capital paid a 7% origination fee at the time of investment.


During the three months ended June 30, 2025, SuRo Capital exited and received proceeds from the following investments:

Portfolio CompanyTransaction
Date
QuantityAverage Net
Share Price
(1)
Net
Proceeds
AG˹ٷized
Gain
CoreWeave, Inc.(2)Various222,240$113.99$25.3 million$15.3 million
ServiceTitan, Inc.(3)Various151,515$105.07$15.9 million$5.9 million
__________________
(1) The average net share price is the net share price realized after deducting all commissions and fees on the sale(s), if applicable.
(2) As of June 20, 2025, SuRo Capital had sold the entirety of its directly held CoreWeave, Inc. public common shares. As of June 30, 2025 SuRo Capital continues to hold the entirety of its interest in CW Opportunity 2 LP.
(3) As of June 27, 2025, SuRo Capital had sold its entire position in ServiceTitan, Inc. public common shares.


Subsequent to quarter-end through August 6, 2025, SuRo Capital made the following follow-on investment:

Portfolio CompanyInvestmentTransaction DateAmount(1)
Supplying Demand, Inc. (d/b/a Liquid Death)Convertible Note7/29/2025$0.3 million
___________________
(1) Amount invested does not include any capitalized costs.


Second Quarter 2025 Financial Results

Quarter Ended
June 30, 2025
Quarter Ended
June 30, 2024
$ in millionsper share(1)$ in millionsper share(1)
Net investment loss$(3.7)$(0.16)$(3.7)$(0.16)
Net realized gain/(loss) on investments21.20.89(<0.1)(<0.01)
Net change in unrealized appreciation/(depreciation) of investments44.81.89(7.0)(0.30)
Net increase/(decrease) in net assets resulting from operations(2)62.32.63(10.7)(0.45)
Repurchase of common stock--(9.4)0.20
Stock-based compensation0.3(0.10)0.60.03
Increase/(decrease) in net asset value(2)$62.6$2.52$(19.4)$(0.23)
__________________
(1) Based on basic weighted-average number of shares outstanding for the relevant period.
(2) Total may not sum due to rounding.


SuRo Capital’s liquid assets were approximately $52.4 million as of June 30, 2025, consisting of cash and directly-held securities of publicly traded portfolio companies.

Weighted-average common basic shares outstanding were approximately 23.7 million and 23.4 million for the quarters ended June 30, 2025 and 2024, respectively. As of June 30, 2025, there were 23,888,107 shares of the Company’s common stock outstanding.

Recent Dividend Declarations and Certain Information Regarding the Dividends

On July 3, 2025, SuRo Capital’s Board of Directors declared a dividend of $0.25 per share paid on July 31, 2025 to the Company’s common stockholders of record as of the close of business on July 21, 2025. The dividend was paid in cash.

The date of declaration and amount of any distributions, including any future distributions, are subject to the sole discretion of SuRo Capital’s Board of Directors.

The aggregate amount of distributions declared and paid by SuRo Capital will be fully taxable to stockholders. The tax character of SuRo Capital’s distributions cannot be finally determined until the close of SuRo Capital’s taxable year (December 31). SuRo Capital will report the actual tax characteristics of each year’s distributions annually to stockholders and the IRS on Form 1099-DIV subsequent to year-end.

Registered stockholders with questions regarding declared dividends may call Equiniti Trust Company, LLC at 800-937-5449.

Conference Call and Webcast

Management will hold a conference call and webcast for investors at 2:00 p.m. PT (5:00 p.m. ET) on August 6, 2025. The conference call access number for U.S. participants is 866 580 3963 and the conference call access number for participants outside the U.S. is +1 786 697 3501. The conference ID number for both access numbers is 0912554 or SuRo Capital. Additionally, interested parties can listen to a live webcast of the call from the "Investor Relations" section of SuRo Capital’s website at . An archived replay of the webcast will also be available for 12 months following the live presentation.

A replay of the conference call may be accessed until 5:00 p.m. PT (8:00 p.m. ET) on August 13, 2025 by dialing 1 866-583-1035 (U.S.) or +44 (0) 20 3451 9993 (International) and using conference ID number 0912554.

Forward-Looking Statements

Statements included herein, including statements regarding SuRo Capital's beliefs, expectations, intentions, or strategies for the future, may constitute "forward-looking statements". SuRo Capital cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. All forward-looking statements involve a number of risks and uncertainties, including the impact of any market volatility that may be detrimental to our business, our portfolio companies, our industry, and the global economy, that could cause actual results to differ materially from the plans, intentions, and expectations reflected in or suggested by the forward-looking statements. Risk factors, cautionary statements, and other conditions which could cause SuRo Capital's actual results to differ from management's current expectations are contained in SuRo Capital's filings with the Securities and Exchange Commission. SuRo Capital undertakes no obligation to update any forward-looking statement to reflect events or circumstances that may arise after the date of this press release.

About SuRo Capital Corp.

SuRo Capital Corp. (Nasdaq:) is a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies. The fund seeks to create a portfolio of high-growth emerging private companies via a repeatable and disciplined investment approach, as well as to provide investors with access to such companies through its publicly traded common stock. Since inception, SuRo Capital has served as the public's gateway to venture capital, offering unique access to some of the world’s most innovative and sought-after private companies before they become publicly traded. SuRo Capital’s diverse portfolio encompasses high-growth sectors including AI infrastructure, emerging consumer brands, and cutting-edge software solutions for both consumer and enterprise markets, among others. SuRo Capital is headquartered in New York, NY and has an office in San Francisco, CA. Connect with the company on X, LinkedIn, and at .

Contact
SuRo Capital Corp.
(212) 931-6331

Media Contact
Deborah Kostroun
Zito Partners


SURO CAPITAL CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

June 30, 2025
(UNAUDITED)
December 31, 2024
(AUDITED)
ASSETS
Investments at fair value:
Non-controlled/non-affiliate investments (cost of $221,292,617 and $234,601,314, respectively)$215,044,675$198,511,915
Non-controlled/affiliate investments (cost of $20,605,400 and $20,605,400, respectively)8,456,4229,268,827
Controlled investments (cost of $1,602,940 and $1,602,940, respectively)20,297,4501,600,000
Total Investments (cost of $243,500,957 and $256,809,654, respectively)243,798,547209,380,742
Cash49,852,80120,035,640
Restricted cash38,741
Escrow proceeds receivable45,298
Interest and dividends receivable104,098756,022
Deferred financing costs555,688526,261
Prepaid expenses and other assets(1)703,349855,630
Total Assets295,053,224231,599,593
LIABILITIES
6.00% Notes due December 30, 2026(2)39,354,84744,198,838
6.50% Convertible Notes due August 14, 2029(3)34,010,63829,051,408
Accounts payable and accrued expenses(1)2,278,144768,394
Dividends payable8,867
Total Liabilities75,643,62974,027,507
Net Assets$219,409,595$157,572,086
NET ASSETS
Common stock, par value $0.01 per share (100,000,000 authorized; 23,888,107 and 23,601,566 issued and outstanding, respectively)$238,881$236,016
Paid-in capital in excess of par226,892,721226,579,432
Accumulated net investment loss(11,686,121)(4,302,192)
Accumulated net realized gain/(loss) on investments, net of distributions3,769,690(17,409,097)
Accumulated net unrealized appreciation/(depreciation) of investments194,424(47,532,073)
Net Assets$219,409,595$157,572,086
Net Asset Value Per Share$9.18$6.68
__________________________________________________
(1) This balance includes a right of use asset and corresponding operating lease liability, respectively.
(2) As of June 30, 2025, the 6.00% Notes due December 30, 2026 (the "6.00% Notes due 2026") (effective interest rate of 6.52%) had a face value $39,667,650. As of December 31, 2024, the 6.00% Notes due 2026 (effective interest rate of 6.48%) had a face value $44,667,400.
(3) As of June 30, 2025, the 6.50% Convertible Notes due August 14, 2029 (the "6.50% Convertible Notes due 2029") (effective interest rate of 7.17%) had a face value $35,000,000. As of December 31, 2024, the 6.50% Convertible Notes due 2029 (effective interest rate of 7.06%) had a face value $30,000,000.


SURO CAPITAL CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
INVESTMENT INCOME
Non-controlled/non-affiliate investments:
Interest income(1)$167,304$290,750$317,951$532,757
Dividend income348,44721,875
Controlled investments:
Interest income376,667811,667
Interest income from U.S. Treasury bills359,9361,189,145
Total Investment Income167,3041,027,353666,3982,555,444
OPERATING EXPENSES
Compensation expense1,571,8562,198,5093,239,6914,383,827
Directors� fees175,495167,825346,060338,938
Interest expense1,275,4851,214,2672,535,3342,428,534
Professional fees680,857586,8251,431,0811,315,384
Income tax expense(218,745)52,794(215,949)54,894
Other expenses404,516462,758714,110912,394
Total Operating Expenses3,889,4644,682,9788,050,3279,433,971
Net Investment Loss(3,722,160)(3,655,625)(7,383,929)(6,878,527)
AG˹ٷized Gain/(Loss) on Investments:
Non-controlled/non-affiliated investments21,212,611(22,867)21,194,660(507,008)
Non-controlled/affiliate investments60,067
Controlled investments(6,745)(6,745)
Net AG˹ٷized Gain/(Loss) on Investments21,212,611(29,612)21,194,660(453,686)
AG˹ٷized loss on partial repurchase of 6.00% Notes due December 30, 2026(15,873)
Change in Unrealized Appreciation/(Depreciation) of Investments:
Non-controlled/non-affiliated investments35,090,339(3,481,638)29,841,454(19,876,809)
Non-controlled/affiliate investments(339,693)(3,485,172)(812,406)(5,501,871)
Controlled investments10,086,97386418,697,449(5,636)
Net Change in Unrealized Appreciation/(Depreciation) of Investments44,837,619(6,965,946)47,726,497(25,384,316)
Net Change in Net Assets Resulting from Operations$62,328,070$(10,651,183)$61,521,355$(32,716,529)
Net Change in Net Assets Resulting from Operations per Common Share:
Basic$2.63$(0.45)$2.60$(1.34)
Diluted(2)$2.23$(0.45)$2.23$(1.34)
Weighted-Average Common Shares Outstanding
Basic23,728,09523,410,23523,650,39924,401,863
Diluted(2)28,244,22523,410,23528,113,06324,401,863
__________________________________________________
(1) Includes interest income earned on cash.
(2) For the three and six months ended June 30, 2024, there were no potentially dilutive securities outstanding


SURO CAPITAL CORP. AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS (UNAUDITED)

Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Per Basic Share Data
Net asset value at beginning of period$6.66$7.17$6.68$7.99
Net investment loss(1)(0.16)(0.16)(0.31)(0.28)
Net realized gain/(loss) on investments(1)0.89<(0.01)0.90(0.02)
AG˹ٷized loss on partial repurchase of 6.00% Notes due December 30, 2026(1)<(0.01)
Net change in unrealized appreciation/(depreciation) of investments(1)1.89(0.30)2.02(1.04)
Repurchase of common stock(1)0.200.23
Stock-based compensation(1)(0.10)0.03(0.11)0.06
Net asset value at end of period$9.18$6.94$9.18$6.94
Per share market value at end of period$8.21$4.01$8.21$4.01
Total return based on market value(2)65.19%(11.87)%39.63%1.78%
Total return based on net asset value(2)37.84%(3.21)%37.43%(13.14)%
Shares outstanding at end of period23,888,10723,378,00223,888,10723,378,002
Ratios/Supplemental Data:
Net assets at end of period$219,409,595$162,312,191$219,409,595$162,312,191
Average net assets$160,412,515$175,240,305$158,444,298$188,879,950
Ratio of net operating expenses to average net assets(3)9.73%10.75%10.25%10.04%
Ratio of net investment loss to average net assets(3)(9.31)%(8.39)%(9.40)%(7.32)%
Portfolio Turnover Ratio2.36%5.72%3.02%5.84%
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(1) Based on weighted-average number of shares outstanding for the relevant period.
(2) Total return based on market value is based upon the change in market price per share between the opening and ending market values per share in the period, adjusted for dividends and equity issuances. Total return based on net asset value is based upon the change in net asset value per share between the opening and ending net asset values per share in the period, adjusted for dividends and equity issuances.
(3) Financial highlights for periods of less than one year are annualized and the ratios of operating expenses to average net assets and net investment loss to average net assets are adjusted accordingly. Because the ratios are calculated for the Company’s common stock taken as a whole, an individual investor’s ratios may vary from these ratios.

FAQ

What was SuRo Capital's (SSSS) NAV per share in Q2 2025?

SuRo Capital's NAV reached $9.18 per share as of June 30, 2025, representing a more than 35% increase from $6.66 per share in Q1 2025.

How much did SuRo Capital (SSSS) invest in Plaid during Q2 2025?

SuRo Capital invested $5 million in Plaid through its SPV 1789 Capital Nirvana II LP on April 4, 2025, acquiring Class A Common Shares.

What dividend did SuRo Capital (SSSS) declare for Q2 2025?

SuRo Capital declared an initial cash dividend of $0.25 per share, paid on July 31, 2025 to stockholders of record as of July 21, 2025.

How much did SuRo Capital (SSSS) realize from its CoreWeave exit?

SuRo Capital realized $25.3 million in net proceeds from selling 222,240 CoreWeave shares at an average net price of $113.99, generating a $15.3 million realized gain.

What was SuRo Capital's (SSSS) total investment portfolio value in Q2 2025?

SuRo Capital's investment portfolio consisted of 36 companies with an aggregate fair value of approximately $243.8 million as of June 30, 2025.
Suro Capital Corp

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207.59M
21.91M
8.26%
21.47%
1.09%
Asset Management
Financial Services
United States
NEW YORK