SuRo Capital (SSSS)
NASDAQ:SSSS
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.13Last Year’s EPS
2.23Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights a very strong quarter driven by significant unrealized appreciation and multiple large private-market financings that validate SuRo's portfolio and strategy, along with decisive strategic action to externalize management and partner with Magnetar (including a $20M anchor investment). However, key risks include portfolio concentration, liquidity constraints relative to commitments, the contingent nature of follow-on investments, and the fact that most of the NAV gain is unrealized and dependent on future liquidity events and execution. The positive developments and strategic partnership appear to outweigh the risks disclosed.Company Guidance
Record Quarter-over-Quarter NAV Increase
Net asset value increased from $8.09 to $14.24 per share, a $6.15 per share increase or approximately 76% quarter-over-quarter—the largest QoQ NAV increase in company history; NAV totaled approximately $361.6 million as of March 31, 2026.
Strong Portfolio Validation from Large Private Financings
Notable private financings included WHOOP Series G ($575M at a $10.1B valuation), OpenAI financing ($122B committed at an $852B post-money valuation), VAST Data Series F ($30B valuation, ~$1B primary/secondary), and Canva employee sale (reported $42B valuation). These rounds signal private-market demand for AI and infrastructure exposure.
WHOOP Operational Strength
WHOOP reported 2.5 million members, 103% year-over-year bookings growth in 2025, a $1.1 billion exit run rate and positive operating cash flow in 2025—supporting SuRo's large WHOOP position and driving NAV appreciation.
Selective New and Follow-On Investments
During/after the quarter SuRo funded $5M to a Magnetar SPV invested in TensorWave (commitment up to $20M, remaining $15M conditional) and made a ~$10M investment in ClickHouse (subsequent to quarter end), expanding exposure to AI infrastructure and real-time data analytics.
Realized Gains and Distributions
Realized proceeds included ~$1.4M from sales of GrabAGunDigital shares (realized gain ~ $891k), ~$3M net proceeds (including ~$2.1M realized gain) from distributions by CW Opportunity 2 LP (CoreWeave SPV), and a ~$246k distribution from True Global Ventures 4 Plus.
Board-Approved Externalization Proposal with Strategic Partner
Board unanimously approved a proposal to transition to an externally managed structure through Neostellar Advisors LLC (jointly owned by current team members and Magnetar). As part of the plan, an affiliate of Magnetar is expected to invest $20M in SuRo and management continuity is preserved.
Stockholder-Friendly Externalization Terms
Pre-existing investments and realized gains are excluded from the new incentive fee calculation, preserving value created to date for existing shareholders; management emphasized expense savings and expanded sourcing/diligence capabilities from the Magnetar partnership.
Portfolio Concentration in High-Conviction Positions
Top 5 positions (WHOOP, OpenAI, VAST, Blink Health, CW Opportunity 2 LP) accounted for ~72% of the investment portfolio by fair value, and the top 10 accounted for ~88%, indicating a high-conviction, concentrated positioning in scaled private companies.
SSSS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SSSS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $13.31 | $13.98 | +5.03% |
Mar 09, 2026 | $9.14 | $9.68 | +5.91% |
Nov 04, 2025 | $9.54 | $9.73 | +2.03% |
Aug 06, 2025 | $8.45 | $8.18 | -3.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does SuRo Capital (SSSS) report earnings?
SuRo Capital (SSSS) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is SuRo Capital (SSSS) earnings time?
SuRo Capital (SSSS) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SSSS EPS forecast?
SSSS EPS forecast for the fiscal quarter 2026 (Q2) is -0.13.