NASDAQ$SSSS

SuRo Capital Corp · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

SuRo Capital Corp. reported its fourth quarter and fiscal year 2024 financial results, with net assets totaling approximately $157.6 million, or $6.68 per share, as of December 31, 2024.

SuRo Capital Corp. reported a net increase in net assets resulting from operations of less than $0.1 million for Q4 2024, a significant improvement from a net decrease of $9.1 million in Q4 2023. The company's net asset value per share was $6.68, down from $6.73 in the previous quarter but up from $7.99 at the end of 2023.

  • Net assets totaled approximately $157.6 million, or $6.68 per share, at December 31, 2024.
  • The company invested $54.5 million in AI infrastructure in 2024, with CoreWeave, Inc. being the single largest initial investment.
  • Net increase in net assets from operations was less than $0.1 million for Q4 2024, compared to a decrease of $9.1 million in Q4 2023.
  • The company reported a net realized gain on investments of $9.1 million in Q4 2024, up from $2.6 million in Q4 2023.

Headline financials

Total Revenue

$4.67M

Previous: $2.46M+90.0%
EPS (adj)

-$0.01

Previous: -$0.11+90.9%
Net Asset Value Per Share

$6.68

Previous: $7.99-16.4%
Net Assets

$158M

Previous: $203M-22.5%
Shares Outstanding

23.6M

Previous: 25.4M-7.2%
Total Investments at Fair Value

$209M

Previous: $184M+13.7%
Ratio of Net Operating Expenses to Average Net Assets

10.7%

Previous: 9.7%+10.1%
Ratio of Net Investment Loss to Average Net Assets

8.0%

Previous: 6.5%+22.9%
Portfolio Turnover Ratio

13.7%

Previous: 9.3%+47.0%
Capital Expenditures

$0.00

No prior period
Net Income

$44.5K

Previous: $5.1M-99.1%
Operating Income

-$14M

No prior period

Revenue & EPS history

SuRo Capital · Revenue · Quarterly

$4.67M

Q4 2024+90%vs Q4 2023
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Forward guidance

SuRo Capital Corp. anticipates continued growth and monetization opportunities from its portfolio, particularly with several companies nearing IPOs. The company also plans to continue its disciplined investment approach and share repurchase programs.

Tailwinds

  • CoreWeave, the single largest initial investment, filed for an IPO.
  • Anticipated IPOs from other large investments like Canva, Whoop, Liquid Death, Vast Data, and OpenAI.
  • Successful full exit of position in Oklo, achieving a significant return.
  • Continued execution on a disciplined approach to deploying capital.
  • Strong current positioning reminiscent of successful monetization periods in 2020 and 2021.

Headwinds

  • Market volatility could detrimentally impact business and portfolio companies.
  • Risks associated with high-growth sectors and emerging consumer brands.
  • Uncertainties related to the global economy.
  • Potential for actual results to differ materially from plans and expectations.
  • No specific negative forward guidance was provided in the report, but general market and investment risks apply.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.2%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.7%

Avg return

30 days after

52%

31 / 60 earnings

Positive

+14.1%

Q2 2021

Best reaction

-18.8%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.0%+1.1%+3.1%
Q4 2025+5.8%+7.9%+12.8%
Q3 2025+1.7%+4.1%-3.9%
Q1 2025+2.3%+7.3%+42.1%
Q4 2024+9.9%-0.9%+14.4%
Q3 2024-1.6%-2.5%+17.5%
Q2 2024-1.1%+0.5%+2.1%
Q1 2024+0.5%-0.8%+6.0%
Q4 2023-0.5%+0.0%-8.5%
Q3 2023-3.6%-3.6%+4.6%
Q2 2023-5.3%-5.3%-5.1%
Q1 2023-1.1%-0.3%-3.7%
Q4 2022+0.7%+13.0%+19.5%
Q3 2022-9.7%-0.9%-13.4%
Q2 2022-0.5%+2.3%-7.1%
Q1 2022-0.7%-5.4%-9.8%
Q4 2021-18.8%-24.7%-23.7%
Q3 2021+6.8%+7.9%-16.0%
Q2 2021+14.1%+21.9%+6.1%
Q1 2021+5.5%+2.0%-4.4%
Q4 2020+2.2%+3.4%+16.8%
Q3 2020+14.0%+8.3%+41.7%
Q2 2020+9.5%+1.7%-3.4%
Q1 2020+1.3%-2.4%+4.6%
Q4 2019-15.9%-11.8%+4.8%
Q3 2019+0.4%+0.6%+1.5%
Q2 2019+2.4%-2.8%-1.9%
Q1 2019+3.8%-3.3%-5.7%
Q4 2018+1.2%+4.0%-4.9%
Q3 2018+2.7%-0.6%-9.1%
Q2 2018+2.5%+5.1%+2.2%
Q1 2018-1.5%+0.1%-1.2%
Q4 2017-2.4%-6.5%-17.5%
Q3 2017+2.0%+7.7%+4.4%
Q2 2017+12.8%+13.0%+23.7%
Q1 2017-1.1%+0.0%+0.0%
Q4 2016-13.8%-11.9%-15.3%
Q3 2016+2.0%+9.1%+8.7%
Q2 2016-1.2%-4.0%-16.4%
Q1 2016+0.0%
Q4 2015-3.5%
Q3 2015+3.4%
Q2 2015-1.6%
Q1 2015+0.7%
Q4 2014-2.4%
Q3 2014-1.2%
Q2 2014+3.3%
Q1 2014-0.7%
Q4 2013+0.8%
Q3 2013-1.0%
Q2 2013+4.8%
Q1 2013-3.1%
Q4 2012-6.6%
Q3 2012-7.0%
Q2 2012-1.3%
Q1 2012-6.8%
Q4 2011+1.7%
Q3 2011+4.1%
Q2 2011+0.4%
Q1 2011-4.6%

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