SuRo Capital Corp. Fourth Quarter and Fiscal Year 2025 Investment Portfolio Update
Rhea-AI Summary
SuRo Capital (Nasdaq: SSSS) provided a fourth-quarter and fiscal-year 2025 portfolio update on January 12, 2026. As of December 31, 2025, SuRo held positions in 35 portfolio companies (32 private, 3 public). During 2025 the company generated liquidity and paid total distributions of $0.50 per share via two cash dividends of $0.25 each.
SuRo committed $20.0 million to a Magnetar-managed SPV invested in TensorWave, funding $5.0 million as of January 12, 2026 with up to $15.0 million subject to conditions. Recent realizations include $9.0M proceeds from CW Opportunity 2 LP and $3.1M from Forge Global sales. Fourth-quarter and year-end 2025 audited results are expected the week of March 9, 2026.
Positive
- Declared and paid total dividends of $0.50 per share in 2025
- Committed $20.0 million to Magnetar Opportunity 2025-4 LP (TensorWave exposure)
- Funded $5.0 million of the TensorWave commitment as of Jan 12, 2026
- Generated $9.0 million net proceeds from CW Opportunity 2 LP during Q4 2025
Negative
- Remaining $15.0 million commitment to Magnetar Opportunity 2025-4 LP is subject to conditions
- Did not provide a year-end NAV range pending confirmation of portfolio developments and financings
- Rebric (Compliable) realized a $1.0 million loss during Q4 2025
News Market Reaction
On the day this news was published, SSSS declined 0.32%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SSSS gained 0.21% with flat volume while peers showed mixed moves (e.g., EARN up 2.03%, WHF down 0.57%). This points to stock-specific drivers rather than a broad asset management move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 04 | Q3 2025 earnings | Positive | +2.0% | Stronger Q3 net assets, realized gains, and a $0.25 cash dividend declaration. |
| Oct 28 | Earnings call notice | Neutral | +0.6% | Announcement of Q3 2025 results date and investor conference call details. |
| Oct 08 | Q3 prelim update | Positive | +0.0% | Preliminary NAV range and AI portfolio momentum with new HL Digital Assets stake. |
| Aug 06 | Q2 2025 earnings | Positive | -3.2% | Strong NAV growth driven by AI-related exits and a new $0.25 cash dividend. |
| Jul 30 | Earnings call notice | Neutral | +3.5% | Scheduling of Q2 2025 financial results release and investor call details. |
Recent news has produced mixed reactions: some strong operational/earnings updates led to gains, but at least one strong earnings report coincided with a selloff, indicating inconsistent post-news trading.
Over the past six months, SuRo Capital has highlighted rising net asset value, AI-focused portfolio gains, and new investments. Q2 and Q3 2025 earnings showed higher net assets and realized gains, supporting cash dividends of $0.25 per share. Preliminary Q3 portfolio updates emphasized AI and AI infrastructure exposure and liquidity-building actions. Today’s portfolio update, new TensorWave commitment, and recap of 2025 distributions extend this AI and liquidity narrative while withholding a NAV range pending year-end validation.
Market Pulse Summary
This announcement outlines SuRo Capital’s 2025 portfolio activity, including exits, continued AI and AI infrastructure focus, and a $20.0 million commitment to a TensorWave SPV, with $5.0 million already funded. It also highlights total $0.50 per-share cash distributions across two $0.25 dividends and a 35-company portfolio at year-end. Investors may watch the upcoming March earnings release, confirmed year-end NAV, and the pace of funding the remaining $15.0 million commitment.
Key Terms
special purpose vehicle financial
form 1099-div regulatory
AI-generated analysis. Not financial advice.
Generated Meaningful Portfolio Liquidity and Distributed Capital During 2025
Committed
NEW YORK, Jan. 12, 2026 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital”, the “Company”, “we”, “us”, and “our”) (Nasdaq: SSSS) today provided the following update on its investment portfolio for the fourth quarter and fiscal year ended December 31, 2025.
“2025 was a strong year for SuRo Capital. Our performance was driven by growing recognition of the value created by our investments in AI and AI infrastructure companies and we believe this momentum positions us well as we enter 2026,” said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital. “During the year, we generated meaningful liquidity from our portfolio, including through CoreWeave, which supported total distributions of
Mr. Klein further emphasized, “Consistent with our strategy of providing shareholders access to category-defining AI and AI infrastructure companies prior to their entry into the public markets, as of year-end, we made a
“Looking ahead, we remain focused on executing our conviction-driven, research-led investment approach, supporting transformative companies at critical stages of development, and continuing to generate long-term value for our shareholders. While we would typically provide a NAV range at this point, we are not doing so as we work diligently to confirm year-end portfolio company developments and financial information including the potential impact of financings currently in process. Consistent with prior years, we expect to report our fourth quarter and year-end 2025 results during the week of March 9th,” Mr. Klein concluded.
Investment Portfolio Update
As of 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.
During the three months ended December 31, 2025, SuRo Capital exited and/or received proceeds from the following investments:
| Portfolio Company | Transaction Date | Quantity / Initial Capital | Average Net Share Price(1) | Net Proceeds | Realized Gain/(Loss) |
| CW Opportunity 2 LP(2) | Various | -- | |||
| Forge Global, Inc.(3) | 11/6/2025 | 70,530 | |||
| Rebric, Inc. (d/b/a Compliable) | 10/16/2025 | -- | -- | $- | |
| True Global Ventures 4 Plus Pte Ltd | 10/31/2025 | -- | $- |
| __________________ | |
| (1) | The average net share price is the net share price realized after deducting all commissions and fees on the sale(s), if applicable. |
| (2) | SuRo Capital retains approximately |
| (3) | As of November 6, 2025, SuRo Capital had sold its remaining Forge Global, Inc. public common shares. |
Subsequent to year-end, through January 12, 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 |
| ___________________ | |
| (1) | Amount invested does not include capitalized costs or prepaid expenses, if applicable. |
| (2) | Magnetar Opportunity 2025-4 LP is a special purpose vehicle invested in TensorWave, Inc. On December 31, 2025, SuRo Capital committed up to |
2025 Dividend Declarations
On July 3, 2025, SuRo Capital’s Board of Directors declared a dividend of
On November 3, 2025, SuRo Capital’s Board of Directors declared a dividend of
Certain Information Regarding the Dividends
The date of declaration and amount of any distributions, including any future distributions, are subject to the sole discretion of SuRo Capital’s Board of Directors.
The aggregate amount of distributions declared and paid by SuRo Capital will be fully taxable to stockholders. The tax character of SuRo Capital’s distributions cannot be finally determined until the close of SuRo Capital’s taxable year (December 31). SuRo Capital will report the actual tax characteristics of each year’s distributions annually to stockholders and the IRS on Form 1099-DIV subsequent to year-end.
Registered stockholders with questions regarding declared dividends may call Equiniti Trust Company, LLC at 800-937-5449.
Preliminary Estimates and Guidance
The preliminary financial estimates provided herein are unaudited and have been prepared by, and are the responsibility of, the management of SuRo Capital. Neither our independent registered public accounting firm, nor any other independent accountants, have audited, reviewed, compiled, or performed any procedures with respect to the preliminary financial data included herein. Actual results may differ materially.
The Company expects to announce its fourth quarter and fiscal year ended December 31, 2025 results during the week of March 9th.
Forward-Looking Statements
Statements included herein, including statements regarding SuRo Capital's beliefs, expectations, intentions, or strategies for the future, may constitute "forward-looking statements". SuRo Capital cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. All forward-looking statements involve a number of risks and uncertainties, including the impact of any market volatility that may be detrimental to our business, our portfolio companies, our industry, and the global economy, that could cause actual results to differ materially from the plans, intentions, and expectations reflected in or suggested by the forward-looking statements. Risk factors, cautionary statements, and other conditions which could cause SuRo Capital's actual results to differ from management's current expectations are contained in SuRo Capital's filings with the Securities and Exchange Commission. SuRo Capital undertakes no obligation to update any forward-looking statement to reflect events or circumstances that may arise after the date of this press release.
About SuRo Capital Corp.
SuRo Capital Corp. (Nasdaq: SSSS) is a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies. The fund seeks to create a portfolio of high-growth emerging private companies via a repeatable and disciplined investment approach, as well as to provide investors with access to such companies through its publicly traded common stock. Since inception, SuRo Capital has served as the public's gateway to venture capital, offering unique access to some of the world’s most innovative and sought-after private companies before they become publicly traded. SuRo Capital’s diverse portfolio encompasses high-growth sectors including AI infrastructure, emerging consumer brands, and cutting-edge software solutions for both consumer and enterprise markets, among others. SuRo Capital is headquartered in New York, NY and has an office in San Francisco, CA. Connect with the company on X, LinkedIn, and at www.surocap.com.
Contact
SuRo Capital Corp.
(212) 931-6331
IR@surocap.com
Media Contact
Deborah Kostroun
Zito Partners
SuRoCapitalPR@zitopartners.com
FAQ
What dividends did SuRo Capital (SSSS) pay in 2025 and when were they paid?
How much did SuRo Capital (SSSS) commit to TensorWave via Magnetar Opportunity 2025-4 LP?
How many portfolio companies did SuRo Capital (SSSS) hold at year-end 2025?
What were notable realizations and proceeds reported by SuRo Capital (SSSS) in Q4 2025?
When will SuRo Capital (SSSS) report audited fourth-quarter and year-end 2025 results?
