Net Asset Value of $8.09 Per Share as of December 31, 2025
Recent 2026 Portfolio Company Financings Expected to Add an Estimated $5.00 - $6.50 to Net Asset Value Per Share
NEW YORK, March 09, 2026 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital”, the “Company”, “we”, “us”, and “our”) (Nasdaq: SSSS) today announced its financial results for the fourth quarter and fiscal year ended December 31, 2025. Net assets totaled approximately $205.3 million, or $8.09 per share, at December 31, 2025, as compared to $9.23 per share, at September 30, 2025 and $6.68 per share at December 31, 2024.
“2025 was a year of strong performance across our portfolio, underscoring the continued execution and value creation at several of our largest investments. That momentum has continued into 2026, with a number of our portfolio companies having completed, or in the process of completing, significant financings,” said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital.
“Based on indications available today, and assuming each of the financings closes and the remainder of our portfolio remains at its December 31, 2025 valuation, we believe these financings could contribute approximately $5.00 to $6.50 per share to our current net asset value. As these developments arose in 2026, they are not reflected in our December 31, 2025 net asset value.”
Mr. Klein continued, “We also remain active in deploying capital into high-conviction opportunities aligned with our core investment themes, including our recent investment in TensorWave, which further expands our exposure to AI infrastructure.”
“As we look ahead, we are encouraged by the continued progress across our portfolio. We believe our strategy of investing in category-defining companies, including those building technologies that are transforming how businesses operate, positions SuRo Capital to create substantial long-term value for shareholders. We remain focused on disciplined execution, including realizing gains and returning capital as liquidity opportunities arise,” Mr. Klein concluded.
Investment Portfolio as of December 31, 2025
At December 31, 2025, SuRo Capital held positions in 35 portfolio companies – 32 privately held and 3 publicly held, some of which may be subject to certain restrictions and/or lock-up provisions – with an aggregate fair value of approximately $225.5 million. The Company’s top five portfolio company investments accounted for approximately 54% of the total portfolio at fair value as of December 31, 2025.
Top Five Investments as of December 31, 2025
| Portfolio Company($ in millions) | Cost Basis | Fair Value | % of Total Portfolio | |||
| ARK Type One Deep Ventures Fund LLC(1) | $ | 17.7 | $ | 42.2 | 18.7 | % |
| Whoop, Inc. | 11.0 | 28.4 | 12.6 | |||
| Blink Health, Inc. | 15.0 | 21.0 | 9.3 | |||
| Canva, Inc. | 10.1 | 15.4 | 6.8 | |||
| Learneo, Inc. | 15.0 | 15.4 | 6.8 | |||
| Total(2) | $ | 68.8 | $ | 122.4 | 54.3 | % |
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- ARK Type One Deep Ventures Fund LLC is an investment fund for which the Class A Interest is solely invested in the Series A-2 Preferred Shares of OpenAI Global, LLC. SuRo Capital is invested in the Series A-2 Preferred Shares of OpenAI Global, LLC through its investment in the Class A Interest of ARK Type One Deep Ventures Fund LLC.
- Total may not sum due to rounding.
Fourth Quarter 2025 Investment Portfolio Activity
During the three months ended December 31, 2025, SuRo Capital exited and/or received proceeds from the following investments:
| Portfolio Company | TransactionDate | Quantity /Initial Capital | Average Net Share Price(1) | NetProceeds | RealizedGain/(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 million | $1.1 million | ||
| Rebric, Inc. (d/b/a Compliable) | 10/16/2025 | -- | -- | $- | $(1.0 million) | ||
| True Global Ventures 4 Plus Pte Ltd | 10/31/2025 | 6.8% | -- | $0.1 million | $- | ||
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- The average net share price is the net share price realized after deducting all commissions and fees on the sale(s), if applicable.
- SuRo Capital retains approximately 68.1% of its investment in CW Opportunity 2 LP as of December 31, 2025.
- As of November 6, 2025, SuRo Capital had sold its remaining Forge Global, Inc. public common shares.
Subsequent to year-end through March 9, 2026, SuRo Capital made the following investment:
| Portfolio Company | Investment | Transaction Date | Amount(1) |
| Magnetar Opportunity 2025-4 LP(2) | Class A Interest | 1/2/2026 | $5.0 million |
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- Amount invested does not include capitalized costs or prepaid expenses, if applicable.
- Magnetar Opportunity 2025-4 LP is a special purpose vehicle invested in TensorWave, Inc. On December 31, 2025, SuRo Capital committed up to $20.0 million to Magnetar Opportunity 2025-4 LP. As of March 9, 2026, $5.0 million of the $20.0 million capital commitment to Magnetar Opportunity 2025-4 LP had been funded. The remaining commitment of up to $15.0 million is subject to the satisfaction of certain conditions.
Subsequent to year-end through March 9, 2026, SuRo Capital exited and/or received proceeds from the following investments:
| Portfolio Company | TransactionDate | Quantity/ Initial Capital | Average Net Share Price(1) | NetProceeds | RealizedGain | |
| GrabAGun Digital Holdings Inc. - Common Shares(2) | Various | 106,580 | $3.07 | $0.3 million | $0.2 million | |
| True Global Ventures 4 Plus Pte Ltd | 3/5/2026 | 12.3% | -- | $0.2 million | $- | |
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- The average net share price is the net share price realized after deducting all commissions and fees on the sale(s), if applicable.
- As of March 9, 2026, SuRo Capital holds 933,420 shares of GrabAGun Digital Holdings, Inc.
On February 26, 2026, SuRo Capital’s Whoop, Inc. SAFE Note converted into shares of Series G-2 Preferred Stock.
Fourth Quarter 2025 Financial Results
| Quarter EndedDecember 31, 2025 | Quarter EndedDecember 31, 2024 | |||||
| $ in millions | per share(1) | $ in millions | per share(1) | |||
| Net investment loss | $(5.7) | $(0.22) | $(3.9) | $(0.16) | ||
| Net realized gain on investments | 6.8 | 0.27 | 9.1 | 0.39 | ||
| Realized loss on partial repurchase of 6.00% Notes due 2026 | ( | |||||