Suro Capital Corp. · NASDAQ:SSSS
Suro Capital — Q4 2025 Earnings Presentation
9 slides from Suro Capital's earnings presentation, Mar 10, 2026
Slide 1: Q4 & FYE 2025 Earnings Call
Q4 & FYE 2025 Earnings Call March 10, 2026
Slide 2: Forward Looking Statements
Forward Looking Statements The preliminary financial estimates regarding the Company's estimated accretion to current net asset value provided herein have been prepared by, and are the responsibility of, the management of the Company. This information is preliminary and is thus inherently uncertain
Slide 3: Q4 & FYE 2025 Earnings Overview
Q4 & FYE 2025 Earnings Overview o1 SuRo Capital’s Net Asset Value (“NAV”) Per Share is $8.09 as of December 31, 2025 o Net Assets of approximately $205.3 million at year-end o2 Recent 2026 Portfolio Company Financings o Recent 2026 portfolio company financings expected to add an estimated $5.00 - $6
Slide 4: Investment Activity – Magnetar Opportunity 2025-4 LP
Investment Activity – Magnetar Opportunity 2025-4 LP About TensorWave SuRo Capital Investment • TensorWave is a Las Vegas based AI infrastructure • On December 31, 2025, SuRo Capital made provider focused exclusively on AMD Instinct $20.0 million in total commitments to Magnetar accelerators, positi
Slide 5: Investment Activity – ARK Type One Deep Ventures Fund LLC
Investment Activity – ARK Type One Deep Ventures Fund LLC About OpenAI SuRo Capital Investment • In September 2024, SuRo Capital invested $17.5 million in the Class A Interest of ARK Type One Deep Ventures • OpenAI is an artificial intelligence research Fund(1) organization focused on developing and
Slide 6: Investment Portfolio Activity
Investment Portfolio Activity Realizations – During Q4 2025 Transaction Quantity/ Average Net Realized Gain/ Portfolio Company Date Initial Capital Share Price(1) Net Proceeds (Loss) CW Opportunity 2 LP(2) Various 15.3% -- $9.0 million $6.7 million Forge Global, Inc.(3) 11/6/2025 70,530 $43.64 $3.1
Slide 7: Top Positions = 54% of Investment Portfolio at Fair Value
Top 5 Positions = 54% of Investment Portfolio at Fair Value Based on Total Investment Portfolio Fair Value of $225.5 million at December 31, 2025 Cost Basis Fair Value % of Investment Portfolio Company ($ in millions) ($ in millions) Portfolio (1) ARK Type One Deep 1 Ventures Fund LLC $17.7 $42.2 18
Slide 8: Key Industry Themes
Key Industry Themes As a Percentage of Total Investment Portfolio at Fair Value at December 31, 2025 Fair Value Legend Industry Theme % of Portfolio ($ in millions) Artificial Intelligence Infrastructure & Applications(1) $69.0 30.6% Consumer Goods & Services $47.8 21.2% 21.2% 30.6% Software-as-a-Se
Slide 9: Financial Highlights
Financial Highlights For the Quarter and Fiscal Year Ended December 31, 2025 Fourth Quarter 2025 Fiscal Year 2025 Amount Amount Per Share(1) Per Share(1) ($ in millions) ($ in millions) Net Assets at Beginning of Period $231.8 $9.23 $157.6 $6.68 Net Investment Loss $(5.7) $(0.22) $(16.5) $(0.65) Net