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SuRo Capital Corp.

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SuRo Capital Corp. • NASDAQ
$9.25 ▲ 0.87% (+0.08)
Market Cap $220.03 M
52w High $10.34
52w Low $4.21
Dividend Yield 0.50%
P/E 3.73
Volume 47.56K
Outstanding Shares 23.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $459.269K ▲ $2.637M ▲ $7.417M ▼ 1.615K% ▼ $0.3 ▼ $7.417M ▼
Q2-2025 $167.304K ▼ $2.614M ▼ $62.328M ▲ 37.254K% ▲ $2.63 ▲ $62.328M ▲
Q1-2025 $499.094K ▼ $2.901M ▼ $-806.715K ▼ -161.636% ▼ $-0.03 ▼ $-806.715K ▼
Q4-2024 $1.229M ▲ $3.833M ▲ $44.527K ▲ 3.622% ▲ $0.002 ▲ $44.527K ▲
Q3-2024 $888.717K $2.943M $-5.452M -613.496% $-0.23 $-5.452M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $54.588M ▲ $308.302M ▲ $76.515M ▲ $231.787M ▲
Q2-2025 $49.853M ▲ $295.053M ▲ $75.644M ▲ $219.41M ▲
Q1-2025 $16.181M ▼ $231.667M ▲ $74.863M ▲ $156.804M ▼
Q4-2024 $20.036M ▼ $231.6M ▼ $74.028M ▼ $157.572M ▲
Q3-2024 $32.737M $233.782M $76.345M $157.437M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $7.417M ▼ $-2.576M ▼ $2.475M ▼ $4.797M ▲ $4.696M ▼ $-2.576M ▼
Q2-2025 $62.328M ▲ $-2.119M ▲ $35.856M ▲ $-26.175K ▲ $33.711M ▲ $-2.119M ▲
Q1-2025 $-806.715K ▼ $-3.719M ▲ $0 $-136.037K ▲ $-3.855M ▲ $-3.719M ▲
Q4-2024 $44.527K ▲ $-12.447M ▲ $0 $-254.262K ▲ $-12.701M ▲ $-12.447M ▲
Q3-2024 $-5.452M $-20.892M $0 $-750.266K $-21.643M $-20.892M

Five-Year Company Overview

Income Statement

Income Statement SuRo Capital’s income statement reflects the nature of a venture-style investment company rather than a traditional operating business. Reported “revenue” is tiny and largely represents gains or losses on investments, which explains why earnings swing sharply from one year to the next. The firm enjoyed strong profits in the early 2020s, followed by a very weak year with sizable losses, then only a modest recovery, and most recently another loss. In simple terms, results are highly volatile and heavily tied to how its private portfolio is marked and monetized in any given year, not to steady fee income or operating margins.

Balance Sheet

Balance Sheet The balance sheet has gradually shrunk over the last several years, with both total assets and shareholders’ equity moving down from their prior highs. Cash levels, which were once relatively comfortable, have come down noticeably, suggesting prior investment activity, portfolio support, or capital returned to shareholders. Debt has stayed roughly the same while equity has declined, which means leverage has crept higher even if it is not extreme in absolute terms. Overall, SuRo Capital remains equity-positive but operates with a smaller asset base and less balance-sheet flexibility than at its peak.

Cash Flow

Cash Flow Cash generation has been lumpy, reflecting the sporadic nature of exits and realizations in a late-stage venture portfolio. There was a standout year when operating cash flow was strongly positive, driven by successful monetizations, but this was followed by a year of meaningful cash outflow and more muted activity since then. Because the business has little in the way of traditional capital spending, free cash flow essentially mirrors operating cash flow. Investors should view cash flows as event-driven and unpredictable, closely tied to the timing of IPOs, secondary sales, or acquisitions of portfolio companies.

Competitive Edge

Competitive Edge SuRo Capital occupies a niche position as a publicly traded vehicle giving investors exposure to late-stage, venture-backed private companies, especially in technology. Its edge rests on an experienced management team, a disciplined and flexible approach to sourcing deals (including secondary purchases), and an early, conviction-led focus on areas like AI infrastructure. The public BDC structure provides permanent capital and allows ordinary investors to access assets usually reserved for private funds, which is a clear differentiator. On the risk side, competition for top-tier private deals is intense, performance can hinge on a small number of winners, and heavy exposure to hot themes like AI can amplify both upside and downside as valuations move.

Innovation and R&D

Innovation and R&D Innovation at SuRo Capital is about investment strategy and process rather than in-house technology development. The firm emphasizes a proprietary evaluation framework, an agile approach to spotting emerging trends early, and a “picks and shovels” mindset that targets underlying infrastructure for major technology shifts, such as AI computing providers. Its willingness to explore new themes like defense technology suggests a culture of continual idea generation. The opportunity is that this approach can capture outsized gains if the team continues to pick the right trends; the risk is that misjudging the next wave of innovation or overpaying in crowded areas could erode returns.

Summary

SuRo Capital is essentially a concentrated bet on the team’s ability to identify and monetize high-growth private technology companies, rather than a steady, fee-based asset manager. Financial results and cash flows are inherently volatile, with periods of strong gains followed by years of losses and shrinking asset levels. The balance sheet still supports ongoing activity, but with less cushion than in prior years and modestly higher reliance on debt. Strategically, its focus on AI and other emerging technologies, plus its public structure, gives it a distinctive and potentially powerful position, but also exposes it to cycles in private markets, valuation swings in trendy sectors, and the need for a continuous pipeline of successful exits. Uncertainty is high, and future outcomes will be heavily driven by how a handful of key portfolio names and new investment themes play out over time.

NEWS

November 4, 2025 · 4:05 PM UTC

SuRo Capital Corp. Reports Third Quarter 2025 Financial Results

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October 28, 2025 · 4:05 PM UTC

SuRo Capital Corp. to Report Third Quarter 2025 Financial Results on Tuesday, November 4, 2025

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October 8, 2025 · 4:05 PM UTC

SuRo Capital Corp. Third Quarter 2025 Preliminary Investment Portfolio Update

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