SuRo Capital Corp. filed its annual report detailing operations as an internally managed business development company focused on late-stage, venture-backed private companies. The firm seeks capital gains from equity and equity-related investments and has elected to be regulated as both a BDC and a RIC.
As of December 31, 2025, total investments were valued at $225.5 million, up from $209.4 million a year earlier. Private portfolio companies represented 98.1% of the portfolio, with preferred stock of $169.6 million and common stock of $46.7 million. Publicly traded holdings declined to 1.9% of the portfolio.
Net asset value per share was $8.09 on December 31, 2025. The last reported share price on March 10, 2026 was $9.68. The aggregate market value of common stock held by non‑affiliates was $179.9 million on June 30, 2025, based on an $8.21 share price, and there were 25,387,756 shares outstanding as of March 10, 2026.
SuRo Capital Corp. reported stronger results for 2025, with net asset value rising to $8.09 per share as of December 31, 2025, up from $6.68 a year earlier, driven by investment gains. Net assets totaled about $205.3 million and the investment portfolio’s fair value was approximately $225.5 million across 35 companies, with the top five holdings representing 54% of portfolio value.
Management highlighted 2026 portfolio company financings that, if completed and assuming other valuations remain unchanged, are expected to add an estimated $5.00–$6.50 per share to current net asset value, which is not yet reflected in the year-end figure. For 2025, the company recorded a net investment loss of $16.5 million, but realized gains of $33.2 million and net unrealized appreciation of $32.1 million produced a $48.8 million increase in net assets from operations, or $2.01 per basic share. SuRo Capital ended 2025 with about $50.1 million of liquid assets, paid cash dividends of $0.50 per share in total during the year, and continued to reduce debt by repurchasing 6.00% Notes due 2026, with $39.2 million in aggregate principal amount bought back by year-end.