SuRo Capital Reports 2024 Financial Results Amid AI Investments

Suro Capital Corp. ( (SSSS) ) has released its Q4 earnings. Here is a breakdown of the information Suro Capital Corp. presented to its investors.

SuRo Capital Corp. is a publicly traded investment fund that focuses on high-growth, venture-backed private companies, providing investors access to these companies through its common stock. In its latest earnings report, SuRo Capital Corp. announced a net asset value of $6.68 per share as of December 31, 2024, down from $7.99 per share the previous year, reflecting a challenging year for the company. The company made significant investments in AI infrastructure, totaling $54.5 million, with CoreWeave, Inc. being its largest initial investment, which has recently filed for an IPO. SuRo Capital’s investment portfolio, valued at approximately $209.4 million, includes 37 companies, with the top five investments making up 44% of the total portfolio. Despite a net investment loss of $14.0 million for the fiscal year, the company realized gains from exits such as Oklo, achieving a return of over 20 times its initial investment. Looking ahead, SuRo Capital’s management remains optimistic about the potential for IPOs from several key investments, suggesting a strong positioning reminiscent of previous successful years.