Portfolio Holdings - As of December 31, 2025, SuRo Capital held positions in 35 portfolio companies, including 32 privately held and 3 publicly held [8]. - SuRo Capital retains approximately 68.1% of its investment in CW Opportunity 2 LP as of December 31, 2025 [10]. Financial Performance - During Q4 2025, SuRo Capital realized net proceeds of $9.0 million from CW Opportunity 2 LP, with a gain of $6.7 million, and $3.1 million from Forge Global, Inc., with a gain of $1.1 million [9]. - The investment in Rebric, Inc. resulted in a loss of $1.0 million during Q4 2025 [9]. - The preliminary financial estimates for Q4 2025 are unaudited and subject to change, with actual results potentially differing materially [15]. Dividends - The company declared dividends of $0.25 per share on July 31, 2025, and December 5, 2025, to common stockholders [14]. Future Commitments - SuRo Capital committed up to $20.0 million to Magnetar Opportunity 2025-4 LP, with $5.0 million funded as of January 12, 2026 [13]. - The company expects to announce its Q4 and fiscal year results for 2025 during the week of March 9, 2026 [16]. Risks and Uncertainties - Forward-looking statements indicate potential risks and uncertainties that may affect future performance [17]. - The company sold its remaining shares of Forge Global, Inc. as of November 6, 2025 [11].

Core Insights - SuRo Capital experienced a strong performance in 2025, driven by investments in AI and AI infrastructure, positioning the company well for 2026 [2] - The company generated significant liquidity from its portfolio, including distributions of $0.50 per share, reflecting the strength of its holdings and commitment to long-term value creation [2] - A $20.0 million commitment was made to Magnetar Opportunity 2025-4 LP, which is invested in TensorWave, Inc., a company focused on next-generation AI infrastructure [2][5] Investment Portfolio Update - As of December 31, 2025, SuRo Capital held positions in 35 portfolio companies, including 32 privately held and 3 publicly held [3] - Notable transactions during Q4 2025 included a $9.0 million exit from CW Opportunity 2 LP with a realized gain of $6.7 million, and a $3.1 million exit from Forge Global, Inc. with a gain of $1.1 million [3] - The company also recorded a loss of $1.0 million from Rebric, Inc. during the same period [3] Dividend Declarations - SuRo Capital declared a dividend of $0.25 per share on July 3, 2025, paid on July 31, 2025, and another $0.25 per share on November 3, 2025, paid on December 5, 2025 [6] Future Outlook - The company plans to report its fourth quarter and year-end 2025 results during the week of March 9, 2026, but is not providing a NAV range at this time due to ongoing confirmations of portfolio developments [2][11]

Group 1 - SuRo Capital's position in CoreWeave is set to be closed out at a significantly lower realized gain due to the collapse of the cloud computing company [1] - This situation may lead to near-term returns for the equity market, which is characterized by daily price fluctuations that can result in substantial wealth creation or destruction over the long term [1] - Pacifica Yield aims to focus on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

SuRo Capital's ( SSSS ) position in CoreWeave ( CRWV ) is set to be closed out at a markedly lower realized gain following the collapse of the cloud computing company. This might see near-term returns for the equityThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and ...

Investment Performance - The fair value of the investment portfolio as of September 30, 2025, was $252,195,540, an increase from $199,302,778 as of September 30, 2024, representing a growth of approximately 26.5% year-over-year[256][263] - The company realized a net gain on investments of $26,391,459 during the nine months ended September 30, 2025, compared to a net loss of $14,167,198 in the same period of 2024, marking a turnaround in performance[259][266] - The company exited or received proceeds from investments amounting to $49,066,513 during the nine months ended September 30, 2025, compared to $14,941,469 in the same period of 2024, indicating a significant increase in liquidity[259][266] - Net realized gain on investments for the three months ended September 30, 2025, was $5,196,799, compared to a net loss of $13,713,512 for the same period in 2024[278] - Net change in unrealized appreciation for the three months ended September 30, 2025, was $5,675,109, compared to $11,614,384 for the same period in 2024[279] - Net change in unrealized appreciation for the nine months ended September 30, 2025, was $53,401,606, compared to a depreciation of $(13,769,932) for the same period in 2024[282] Investment Strategy and Philosophy - The investment strategy focuses on non-controlling equity and equity-related investments, primarily in high-growth, venture-backed companies across various sectors, including Software-as-a-Service and Artificial Intelligence[249] - The company’s investment philosophy emphasizes a disciplined approach to identifying promising investments, with a focus on growth potential and recurring revenues[249] - The company primarily invests in growth companies with short operating histories and illiquid markets, which may impact the valuation of equity investments during periods of market disruption[321] - Valuation of investments is determined at fair value by the Board of Directors, with inherent uncertainty leading to potential fluctuations in estimated values from period to period[322] Financial Performance - Total investment income decreased to $459,269 for the three months ended September 30, 2025, from $888,717 for the same period in 2024, primarily due to a decrease in interest income[272] - Total investment income for the nine months ended September 30, 2025, was $1,125,667, down from $3,444,161 for the same period in 2024[273] - Net investment loss for the three months ended September 30, 2025, was $3,454,815, compared to a loss of $3,207,873 for the same period in 2024[276] - Net investment loss for the nine months ended September 30, 2025, was $10,838,744, compared to a loss of $10,086,400 for the same period in 2024[277] - Total operating expenses decreased to $3,914,084 for the three months ended September 30, 2025, from $4,096,590 for the same period in 2024, mainly due to reductions in compensation expense and professional fees[274] - Total operating expenses for the nine months ended September 30, 2025, decreased to $11,964,411 from $13,530,561 for the same period in 2024[275] Liquidity and Capital Management - Cash reserves increased significantly to $54,549,056 as of September 30, 2025, up from $20,035,640 at the beginning of the year[287] - Total cash reserves and liquid securities amounted to $63,112,189 as of September 30, 2025, compared to $37,626,760 at the end of 2024[287] - The company has ample liquidity to support near-term capital requirements and will continue to evaluate its liquidity position[289] - The company issued $25.0 million in 6.50% Convertible Notes due 2029 on August 14, 2024, with additional notes of $5.0 million issued on October 9, 2024, and January 16, 2025[301] - As of September 30, 2025, the company had $75.1 million in total contractual obligations, with $39.7 million due for the 6.00% Notes due 2026[290] Shareholder Returns and Distributions - The total distributions declared since formation through September 30, 2025, amount to $12.35 per share, with the latest distribution of $0.25 per share declared on July 3, 2025[304] - The distribution on July 31, 2025, included 2,860,903 shares issued in lieu of cash, representing approximately 14.8% of outstanding shares prior to the distribution[304] - The Board of Directors authorized a Share Repurchase Program extension until October 31, 2026, or until $64.3 million of common stock is repurchased[314] - A dividend of $0.25 per share was declared on November 3, 2025, payable on December 5, 2025, to stockholders of record as of November 21, 2025[318] - The company intends to focus on equity investments primarily for capital gains, with distributions expected to be less consistent than other BDCs[308] Share Repurchase Program - The dollar value of shares available for repurchase under the Share Repurchase Program is approximately $25.0 million as of September 30, 2025[292] - The company did not repurchase any shares under the Share Repurchase Program during the three and nine months ended September 30, 2025[292] - As of November 5, 2025, approximately $25.0 million remains available for repurchase under the Share Repurchase Program[316] - The discretionary Note Repurchase Program allows for the repurchase of up to an additional $40.0 million of 6.00% Notes due 2026, with approximately $39.7 million remaining as of November 5, 2025[317]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Financial Data and Key Metrics Changes - As of September 30, 2025, the net asset value (NAV) was $9.23 per share, an increase from $9.18 per share on June 30, and $8.93 on a dividend-adjusted basis, compared to $6.73 per share at the end of Q3 2024 [5][27][28] - The increase in NAV per share was primarily driven by a $0.23 increase from net unrealized appreciation, a $0.21 increase from net realized gains, and a $0.03 increase from stock-based compensation, offset by a $0.25 decrease due to cash dividends and other factors [28][29] Business Line Data and Key Metrics Changes - CoreWeave has emerged as a leading infrastructure provider, with significant demand for GPU and long-term contracts totaling approximately $22 billion with OpenAI [13] - Whoop continues to perform well, with a fair value approaching $30 million, reflecting strong financial performance and active trading in secondary markets [37] - Canva reported approximately $3.3 billion in annual recurring revenue and over 240 million monthly active subscribers, indicating strong growth potential [17] Market Data and Key Metrics Changes - The AI infrastructure market is experiencing rapid growth, with projections indicating that AI workload growth will outpace traditional cloud capacity [13] - Hyperliquid, a decentralized exchange, has gained traction, particularly after its token listing on Robinhood, indicating growing institutional interest [15][16] Company Strategy and Development Direction - The company has focused on AI infrastructure, making cornerstone investments in companies like CoreWeave, OpenAI, and Vast Data, which are seen as enablers of the AI economy [6][9] - The strategy includes early investments in foundational technologies and maintaining a conviction-driven approach to capitalize on transformative growth opportunities [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing AI revolution, describing it as still in its early stages, with significant opportunities ahead [20] - The company anticipates continued investor interest in its portfolio as a differentiated way to gain exposure to AI infrastructure [11] Other Important Information - The board declared a $0.25 per share cash dividend, reflecting confidence in the portfolio's strength and liquidity position [19][32] - The company has extended its share repurchase program, allowing for opportunistic buybacks to enhance shareholder value [31] Q&A Session Summary Question: What is the remaining fair value on CoreWeave and the timeline for monetizing the rest? - The fair value of the investment in CoreWeave as of September 30 is about $37 million, with monetization tracked through Form 4 filings [37][38] Question: What is driving Whoop's strong outperformance and potential IPO? - Whoop's strong performance is attributed to active trading and improved financial metrics, but the timeline for an IPO is uncertain [37][38] Question: How will the portfolio be managed as CoreWeave is sold down? - The company plans to maintain significant AI exposure and continue investing in AI infrastructure and cybersecurity [39][40]

Financial Performance - SuRo Capital's Net Asset Value (NAV) per share as of September 30, 2025, is $9.23, with net assets of approximately $231.8 million at quarter-end[7], an increase from the dividend-adjusted $8.93 per share as of June 30, 2025[7] - A cash dividend of $0.25 per share was declared on November 3, 2025, payable on December 5 to shareholders of record as of November 21[7] - Net investment loss for the third quarter ended September 30, 2025, was $3.5 million, or $0.14 per share[29] - Net realized gain on investments for the third quarter was $5.2 million, or $0.21 per share[29] - Net change in unrealized appreciation of investments was $5.7 million, or $0.23 per share[29] Investment Activities - A $0.3 million follow-on convertible debt investment was made in Supplying Demand, Inc (d/b/a Liquid Death)[9, 23] - A $5.0 million preferred shares investment was made in HL Digital Assets Inc[9, 23] - Total distributions from CW Opportunity 2 LP to date were $14.2 million, resulting in $10.0 million realized gains[7] - Net proceeds from GrabAGun Digital Holdings, Inc warrants were $0.7 million, resulting in $0.5 million realized gains[7] Portfolio Composition - The top 5 positions account for approximately 52% of the investment portfolio at fair value as of September 30, 2025[25] - Artificial Intelligence Infrastructure & Applications represents 30.5% of the portfolio fair value, totaling $76.9 million[27]

Core Insights - SuRo Capital Corp. reported a net asset value of $9.23 per share as of September 30, 2025, reflecting an increase from $9.18 per share at June 30, 2025, and $6.73 per share at September 30, 2024 [1][27] - The company declared a cash dividend of $0.25 per share, supported by realized gains from CoreWeave and other liquidity events [2][13] Financial Performance - As of September 30, 2025, net assets totaled approximately $231.8 million, compared to $157.6 million at the same time last year [27] - The company reported a net investment loss of $3.5 million for the third quarter of 2025, consistent with a loss of $3.2 million in the same quarter of 2024 [8][30] - Net realized gains on investments were $5.2 million for the third quarter of 2025, a significant recovery from a loss of $13.7 million in the same quarter of 2024 [8][30] Investment Portfolio - SuRo Capital held positions in 37 portfolio companies as of September 30, 2025, with a total fair value of approximately $252.2 million [3] - The top five investments accounted for about 52% of the total portfolio fair value, with CoreWeave being a significant contributor [5][3] - Recent investments included $5 million into HL Digital Assets, Inc., reflecting the company's focus on digital infrastructure opportunities [2] Market Position and Strategy - The company emphasized its commitment to investing in transformative technology companies, particularly in AI and AI infrastructure [2] - SuRo Capital's strategy includes disciplined realizations and reinvestment to generate consistent value for shareholders [2] - The company aims to identify and invest in the next generation of category-defining companies, leveraging its research-led approach [2]

Core Insights - SuRo Capital Corp. will report its financial results for Q3 2025 on November 4, 2025, after the U.S. market closes [1] - A conference call for investors will be held on the same day at 2:00 p.m. PT (5:00 p.m. ET) [2] - The company is a publicly traded investment fund focused on high-growth, venture-backed private companies [4] Company Overview - SuRo Capital aims to create a portfolio of high-growth emerging private companies through a disciplined investment approach [4] - The fund provides investors access to innovative private companies before they go public, serving as a gateway to venture capital [4] - The portfolio includes sectors such as AI infrastructure, emerging consumer brands, and advanced software solutions for both consumer and enterprise markets [4]