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SuRo Capital Corp.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $5.66M ▲ | $2.64M ▲ | $7.42M ▼ | 131.14% ▼ | $0.3 ▼ | $8.69M ▼ |
| Q2-2025 | $167.3K ▼ | $2.61M ▼ | $62.33M ▲ | 37.25K% ▲ | $2.63 ▲ | $62.33M ▲ |
| Q1-2025 | $499.09K ▼ | $2.9M ▼ | $-806.72K ▼ | -161.64% ▼ | $-0.03 ▼ | $-806.72K ▼ |
| Q4-2024 | $1.23M ▲ | $3.83M ▲ | $44.53K ▲ | 3.62% ▲ | $0 ▲ | $44.53K ▲ |
| Q3-2024 | $888.72K | $2.94M | $-5.45M | -613.5% | $-0.23 | $-5.45M |
What's going well?
Revenue rebounded strongly this quarter, and the company remained profitable. Operating expenses stayed under control, showing some cost discipline.
What's concerning?
Profits and margins fell dramatically from last quarter, and the numbers are highly volatile. Earnings quality is questionable due to big swings and possible one-time items.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $54.59M ▲ | $308.3M ▲ | $76.51M ▲ | $231.79M ▲ |
| Q2-2025 | $49.85M ▲ | $295.05M ▲ | $75.64M ▲ | $219.41M ▲ |
| Q1-2025 | $16.18M ▼ | $231.67M ▲ | $74.86M ▲ | $156.8M ▼ |
| Q4-2024 | $20.04M ▼ | $231.6M ▼ | $74.03M ▼ | $157.57M ▲ |
| Q3-2024 | $32.74M | $233.78M | $76.34M | $157.44M |
What's financially strong about this company?
The company has a huge cash cushion, almost no short-term debt, and most assets are high-quality investments. Its liabilities are small compared to its equity, and there are no risky intangibles or hidden obligations.
What are the financial risks or weaknesses?
Retained earnings are negative, showing the company has lost money over time. There is no physical infrastructure or inventory, so the business relies heavily on financial assets.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $7.42M ▼ | $-2.58M ▼ | $2.47M ▼ | $4.8M ▲ | $4.7M ▼ | $-2.58M ▼ |
| Q2-2025 | $62.33M ▲ | $-2.12M ▲ | $35.86M ▲ | $-26.18K ▲ | $33.71M ▲ | $-2.12M ▲ |
| Q1-2025 | $-806.72K ▼ | $-3.72M ▲ | $0 | $-136.04K ▲ | $-3.86M ▲ | $-3.72M ▲ |
| Q4-2024 | $44.53K ▲ | $-12.45M ▲ | $0 | $-254.26K ▲ | $-12.7M ▲ | $-12.45M ▲ |
| Q3-2024 | $-5.45M | $-20.89M | $0 | $-750.27K | $-21.64M | $-20.89M |
What's strong about this company's cash flow?
The company has a sizable cash cushion of $54.6 million and can raise money through share sales. Cash position increased this quarter thanks to external funding.
What are the cash flow concerns?
Operations are burning cash every quarter, and dividends are not supported by free cash flow. The company is highly dependent on selling new shares, which dilutes existing shareholders.
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at SuRo Capital Corp.'s financial evolution and strategic trajectory over the past five years.
SuRo Capital provides public‑market investors with rare access to a curated portfolio of late‑stage, high‑growth private companies, especially in technology and AI. It has demonstrated an ability to generate very strong profits and cash flows in favorable markets, maintains modest overall debt, and currently enjoys good coverage of short‑term obligations.
Financial results are highly volatile, with recent years marked by large swings from profit to loss, shrinking assets, declining cash, and still‑negative retained earnings. The business is heavily exposed to private market valuations, exit conditions, and a relatively concentrated set of high‑beta technology themes, all while leverage metrics are creeping higher as equity erodes.
Looking ahead, the company’s trajectory will likely be driven by how its AI‑centric and other growth investments perform and eventually exit, as well as by broader conditions in venture funding and IPO markets. If exit markets reopen and portfolio companies execute well, earnings and cash flow could rebound, but if valuations remain pressured or exits are delayed, the current pattern of volatility and balance sheet contraction may persist; uncertainty around timing and magnitude of outcomes remains high.
About SuRo Capital Corp.
https://www.surocap.comSuRo Capital Corp. is a business development company. The firm seeks to invest in growing, late stage, venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $5.66M ▲ | $2.64M ▲ | $7.42M ▼ | 131.14% ▼ | $0.3 ▼ | $8.69M ▼ |
| Q2-2025 | $167.3K ▼ | $2.61M ▼ | $62.33M ▲ | 37.25K% ▲ | $2.63 ▲ | $62.33M ▲ |
| Q1-2025 | $499.09K ▼ | $2.9M ▼ | $-806.72K ▼ | -161.64% ▼ | $-0.03 ▼ | $-806.72K ▼ |
| Q4-2024 | $1.23M ▲ | $3.83M ▲ | $44.53K ▲ | 3.62% ▲ | $0 ▲ | $44.53K ▲ |
| Q3-2024 | $888.72K | $2.94M | $-5.45M | -613.5% | $-0.23 | $-5.45M |
What's going well?
Revenue rebounded strongly this quarter, and the company remained profitable. Operating expenses stayed under control, showing some cost discipline.
What's concerning?
Profits and margins fell dramatically from last quarter, and the numbers are highly volatile. Earnings quality is questionable due to big swings and possible one-time items.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $54.59M ▲ | $308.3M ▲ | $76.51M ▲ | $231.79M ▲ |
| Q2-2025 | $49.85M ▲ | $295.05M ▲ | $75.64M ▲ | $219.41M ▲ |
| Q1-2025 | $16.18M ▼ | $231.67M ▲ | $74.86M ▲ | $156.8M ▼ |
| Q4-2024 | $20.04M ▼ | $231.6M ▼ | $74.03M ▼ | $157.57M ▲ |
| Q3-2024 | $32.74M | $233.78M | $76.34M | $157.44M |
What's financially strong about this company?
The company has a huge cash cushion, almost no short-term debt, and most assets are high-quality investments. Its liabilities are small compared to its equity, and there are no risky intangibles or hidden obligations.
What are the financial risks or weaknesses?
Retained earnings are negative, showing the company has lost money over time. There is no physical infrastructure or inventory, so the business relies heavily on financial assets.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $7.42M ▼ | $-2.58M ▼ | $2.47M ▼ | $4.8M ▲ | $4.7M ▼ | $-2.58M ▼ |
| Q2-2025 | $62.33M ▲ | $-2.12M ▲ | $35.86M ▲ | $-26.18K ▲ | $33.71M ▲ | $-2.12M ▲ |
| Q1-2025 | $-806.72K ▼ | $-3.72M ▲ | $0 | $-136.04K ▲ | $-3.86M ▲ | $-3.72M ▲ |
| Q4-2024 | $44.53K ▲ | $-12.45M ▲ | $0 | $-254.26K ▲ | $-12.7M ▲ | $-12.45M ▲ |
| Q3-2024 | $-5.45M | $-20.89M | $0 | $-750.27K | $-21.64M | $-20.89M |
What's strong about this company's cash flow?
The company has a sizable cash cushion of $54.6 million and can raise money through share sales. Cash position increased this quarter thanks to external funding.
What are the cash flow concerns?
Operations are burning cash every quarter, and dividends are not supported by free cash flow. The company is highly dependent on selling new shares, which dilutes existing shareholders.
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at SuRo Capital Corp.'s financial evolution and strategic trajectory over the past five years.
SuRo Capital provides public‑market investors with rare access to a curated portfolio of late‑stage, high‑growth private companies, especially in technology and AI. It has demonstrated an ability to generate very strong profits and cash flows in favorable markets, maintains modest overall debt, and currently enjoys good coverage of short‑term obligations.
Financial results are highly volatile, with recent years marked by large swings from profit to loss, shrinking assets, declining cash, and still‑negative retained earnings. The business is heavily exposed to private market valuations, exit conditions, and a relatively concentrated set of high‑beta technology themes, all while leverage metrics are creeping higher as equity erodes.
Looking ahead, the company’s trajectory will likely be driven by how its AI‑centric and other growth investments perform and eventually exit, as well as by broader conditions in venture funding and IPO markets. If exit markets reopen and portfolio companies execute well, earnings and cash flow could rebound, but if valuations remain pressured or exits are delayed, the current pattern of volatility and balance sheet contraction may persist; uncertainty around timing and magnitude of outcomes remains high.

CEO
Mark David Klein
Compensation Summary
(Year 2024)
Upcoming Earnings
ETFs Holding This Stock
GABF
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Shares:245.19K
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Summary
Showing Top 3 of 7
Ratings Snapshot
Rating : A-
Most Recent Analyst Grades
BTIG
Buy
Barrington Research
Outperform
JMP Securities
Market Outperform
Citizens Capital Markets
Market Outperform
Grade Summary
Showing Top 4 of 4
Price Target
Institutional Ownership
GABELLI FUNDS LLC
Shares:1.47M
Value:$13.83M
PARAMETRIC PORTFOLIO ASSOCIATES LLC
Shares:453.58K
Value:$4.25M
NEEDHAM INVESTMENT MANAGEMENT LLC
Shares:426.59K
Value:$4M
Summary
Showing Top 3 of 88

