SuRo Capital Past Earnings Performance
Past criteria checks 2/6
SuRo Capital's earnings have been declining at an average annual rate of -15.2%, while the Capital Markets industry saw earnings growing at 6.3% annually. Revenues have been growing at an average rate of 9.3% per year. SuRo Capital's return on equity is 56.8%, and it has net margins of 10694.8%.
Key information
-15.19%
Earnings growth rate
-22.15%
EPS growth rate
| Capital Markets Industry Growth | 10.26% |
| Revenue growth rate | 9.34% |
| Return on equity | 56.77% |
| Net Margin | 10,694.80% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Seeking Alpha • Jun 06
SuRo Capital Aims For The Stars As NAV Surges, Externalization Pending
Summary SuRo Capital posted a dramatic NAV surge to $14.24 per share during its fiscal 2026 first quarter, up sequentially from $8.09 and $6.66 in its year-ago quarter. SSSS's portfolio is highly concentrated, with WHOOP and VAST Data driving significant unrealized gains amid broader AI sector enthusiasm. The BDC is set to externalize management and rebrand to Neostellar Capital Corp. Read the full article on Seeking Alpha
New Narrative • Apr 07
AI Infrastructure Surge Will Drive Concentration Risks And Keep Prospects Cautious Yet Potentially Rewarding
Catalysts About SuRo Capital SuRo Capital provides public investors with access to a concentrated portfolio of late stage, venture backed private companies, with a particular focus on technology and AI related businesses. What are the underlying business or industry changes driving this perspective?
Narrative Update • Dec 22
SSSS: Portfolio Momentum Will Drive Future Upside Following Price Objective Hike
Analysts raised their price target on SuRo Capital to $12 from $11, reflecting growing confidence as they point to building momentum across the company portfolio. Analyst Commentary Bullish analysts highlight the raised price target as a reflection of improving execution and growing confidence in SuRo Capital's ability to translate portfolio momentum into sustained net asset value growth.Narrative Update • Dec 08
SSSS: Portfolio Momentum And Buybacks Will Drive Shares Higher
Analysts have raised their price target on SuRo Capital by $1 to $12, citing building momentum across the company's investment portfolio as support for the higher valuation. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the incremental price target increase reflects growing confidence in the durability of portfolio momentum, supporting a premium to prior valuation levels.Narrative Update • Nov 24
SSSS: Portfolio Momentum Will Drive Continued Outperformance Following Q3 Report
Analysts have increased their price target for SuRo Capital from $11 to $12, citing recent portfolio momentum as a key factor supporting this modest upgrade. Analyst Commentary Bullish Takeaways Bullish analysts point to SuRo Capital's recent portfolio momentum as a positive driver for valuation, supporting the new price target of $12.Narrative Update • Nov 07
SSSS: Portfolio Momentum And Margin Gains Will Define Next Phase Amid Market Risks
Analysts have raised their price target for SuRo Capital from $6.14 to $11.00. They cite positive portfolio momentum and improved profit margins, despite softer revenue growth.
New Narrative • Apr 04
CoreWeave And OpenAI IPOs Will Open New Opportunities
Strategic investments in AI and pre-IPO companies are poised to enhance earnings and boost investor confidence through potential value realization.Seeking Alpha • Mar 22
SuRo Capital: NAV Continues To Dip As AI Investments Ramp Up
Summary SuRo Capital's total returns of 32% over the past year are driven by closing a discount to NAV, not NAV expansion. The portfolio includes significant stakes in AI companies like CoreWeave and OpenAI, with CoreWeave's upcoming IPO set to be a critical driver of NAV. Despite strong returns, SuRo's NAV has declined, raising concerns about the sustainability of future gains amid moderated AI stock enthusiasm. SuRo's share buyback program has reduced outstanding shares, but NAV per share continues to decline. Read the full article on Seeking AlphaSeeking Alpha • Oct 15
Pre-IPO AI And Exceptional Governance At Suro Capital
Summary I believe Suro Capital is a superior steward of capital compared to VC hedge funds and offers significant AI infrastructure exposure without "Two and Twenty" fees. Suro's notable AI infrastructure pre-IPO darlings include CoreWeave, OpenAI, and Vast Data. Additional AI themed holdings were not addressed in the recent announcement. Despite a challenging VC market from 2021-2024, Suro accreted NAV while absorbing excess supply in scale with tender offers. Suro's superior governance, absence of supply overhang, and darling pre-IPO AI investments make it a compelling investment. Read the full article on Seeking AlphaAnalysis Article • May 30
We Think Some Shareholders May Hesitate To Increase SuRo Capital Corp.'s (NASDAQ:SSSS) CEO Compensation
Key Insights SuRo Capital to hold its Annual General Meeting on 5th of June Salary of US$850.0k is part of CEO Mark...Seeking Alpha • Sep 08
The SPAC Collapse Isn't Good News For SuRo Capital
Summary The collapse of SPACs has left SuRo Capital without its main source of exits on its investments. NAV per share at $9.24 places the fund in relative value territory. The company launched a tender offer in a bid to try and close this gap. While the discount will likely remain sticky on the back of continued macro headwinds, SuRo's large cash position will drive future shareholder value. New York-based SuRo Capital (SSSS) has had a colorful history as a public company. Three name changes in recent years first from GSV Capital to Sutter Rock and then to the current iteration have come against surging investor interest in private company investments as venture capital takes on a more outsized role in the economy. Many companies are choosing to stay private far longer than they historically have. SuRo Capital is an internally managed investment fund that seeks to invest in high-growth, venture-backed private companies. The fund has built a diverse portfolio of fast-growing private startups, some of which like Forge Global (FRGE), Rover Group (ROVR), and Nextdoor (KIND) went public just last year on the back of the blank check boom. The SPAC phenomenon, driven by an incredible mix of euphoric animal spirits and non-prudent management guidance has all but come to a quiet end as the broader stock market crashed. SPACs have raised around $12.7 billion this year, down from the $166 billion in 2021 as just 50 deals were completed. This was a fraction of 226 deals in 2021 and came on the back of a number of underwriters including Goldman (GS) pausing new offerings and withdrawing support from those they helped take public. As if things were not bad enough, the SEC under Gary Gensler is proposing a more onerous regulatory regime with reforms that would limit the ability of new SPACs to provide financial projections in excess of that which would have been permitted under the conventional IPO process. SPACs have become notorious for pulling these overly optimistic forecasts just after going public. Financial Times - Refinitiv For SuRo, the collapse of SPACs closes what has been a significant route for cash realizations. Indeed, the company continues to hold equity stakes in a number of pre-definitive agreement blank check firms like Churchill Capital Corp VI (CCVI) and Churchill Capital Corp VII (CVII). A Material Discount To Book Value As Growth Collapses As SuRo's main operations involve the management of its investment portfolio of small fast-growing companies so conventional metrics like revenue are not entirely useful. The company's last reported earnings for its fiscal 2022 second quarter saw net assets total $280.2 million, for a NAV per share of $9.24. This was a sequential decline from a NAV per share of $12.22 in the previous quarter. The decline has been led by torrid equity market conditions since the first half of this year. The broad-based decline in public market common shares, the worst in half a century, spilt over to the private markets as numerous late-stage unicorns experienced turbulent conditions that led to new financing rounds completed at discounts to valuations from previous capital raises. SuRo trades at a discount of 35.6% to NAV with shares currently at $5.95. This large discount to its book value pushed management to launch a now expired tender offer to purchase up to 2,000,000 shares of its common stock, roughly 6.60% of shares outstanding. It's hard to assess this as a success as shares now trade below the $6 purchase floor implemented by management. However, in lieu of other investment opportunities, the tender offer makes sense when looked at from a long-term perspective.Seeking Alpha • Aug 03
SuRo Capital GAAP EPS of -$3.08, revenue of $0.89M
SuRo Capital press release (NASDAQ:SSSS): Q2 GAAP EPS of -$3.08. Revenue of $0.89M (+229.6% Y/Y).Seeking Alpha • Feb 04
SuRo: M&A Outlook For 2022 Is Strong
SuRo Capital paid out $8.00 in dividends in 2021 and are likely to continue returning value to shareholders in the form of big dividends in 2022. The portfolio asset value declined slightly in Q4 2021, but with $170M in investable capital, they are poised to grow again in 2022. The expected growth in M&A activity in 2022 will offer more opportunities to realize gains from portfolio investments in pre-SPAC and pre-IPO privately held companies.Seeking Alpha • Aug 31
Investing Like A VC Fund With SuRo Capital Corp.
SuRo Capital has a unique regulatory structure and represents a smart way to gain exposure to a VC-like business with good upside potential. The long track record, along with strong investment strategy and process, is a competitive advantage and the market started appreciating it. The company has a great balance sheet, with a strong cash position and zero debt. The stock has a potential upside of more than 50% from the current price.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How SuRo Capital makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 2 | 205 | 14 | 0 |
| 31 Dec 25 | 2 | 49 | 13 | 0 |
| 30 Sep 25 | 2 | 69 | 12 | 0 |
| 30 Jun 25 | 3 | 56 | 12 | 0 |
| 31 Mar 25 | 4 | -17 | 13 | 0 |
| 31 Dec 24 | 5 | -38 | 14 | 0 |
| 30 Sep 24 | 6 | -47 | 14 | 0 |
| 30 Jun 24 | 6 | -17 | 14 | 0 |
| 31 Mar 24 | 7 | -22 | 14 | 0 |
| 31 Dec 23 | 7 | 5 | 15 | 0 |
| 30 Sep 23 | 6 | 2 | 14 | 0 |
| 30 Jun 23 | 5 | -69 | 14 | 0 |
| 31 Mar 23 | 4 | -148 | 13 | 0 |
| 31 Dec 22 | 3 | -132 | 13 | 0 |
| 30 Sep 22 | 2 | -129 | 13 | 0 |
| 30 Jun 22 | 2 | -68 | 13 | 0 |
| 31 Mar 22 | 2 | 60 | 12 | 0 |
| 31 Dec 21 | 1 | 147 | 11 | 0 |
| 30 Sep 21 | 2 | 218 | 12 | 0 |
| 30 Jun 21 | 2 | 219 | 12 | 0 |
| 31 Mar 21 | 2 | 207 | 14 | 0 |
| 31 Dec 20 | 2 | 75 | 14 | 0 |
| 30 Sep 20 | 1 | 16 | 12 | 0 |
| 30 Jun 20 | 1 | 6 | 14 | 0 |
| 31 Mar 20 | 2 | -17 | 12 | 0 |
| 31 Dec 19 | 1 | 24 | 9 | 0 |
| 30 Sep 19 | 2 | 7 | 4 | 0 |
| 30 Jun 19 | 1 | 2 | 2 | 0 |
| 31 Mar 19 | 2 | 11 | 4 | 0 |
| 31 Dec 18 | 2 | 1 | 9 | 0 |
| 30 Sep 18 | 1 | 14 | 14 | 0 |
| 30 Jun 18 | 1 | 23 | 16 | 0 |
| 31 Mar 18 | 1 | 21 | 17 | 0 |
| 31 Dec 17 | 1 | 18 | 17 | 0 |
| 30 Sep 17 | 1 | -11 | 10 | 0 |
| 30 Jun 17 | 1 | -24 | 8 | 0 |
| 31 Mar 17 | 1 | -46 | 3 | 0 |
| 31 Dec 16 | 1 | -75 | -3 | 0 |
| 30 Sep 16 | 0 | -62 | 2 | 0 |
| 30 Jun 16 | 0 | -51 | 3 | 0 |
| 31 Mar 16 | 0 | -33 | 8 | 0 |
| 31 Dec 15 | 0 | 8 | 21 | 0 |
| 30 Sep 15 | 0 | 19 | 22 | 0 |
| 30 Jun 15 | 0 | 17 | 25 | 0 |
Quality Earnings: SSSS has a high level of non-cash earnings.
Growing Profit Margin: SSSS became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SSSS's earnings have declined by 15.2% per year over the past 5 years.
Accelerating Growth: SSSS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SSSS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (38.3%).
Return on Equity
High ROE: SSSS's Return on Equity (56.8%) is considered outstanding.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/11 09:35 |
| End of Day Share Price | 2026/06/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
SuRo Capital Corp. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Paris | Barrington Research Associates, Inc. |
| Marvin Fong | BTIG |
| Jon Hickman | Ladenburg Thalmann & Company |