SuRo Capital Corp. reported its third‑quarter 2025 financial results, showing a net asset value of $9.23 per share and a dividend of $0.25 per share. Net assets rose to $231.8 million as of September 30, 2025, up from $219.4 million at the end of the prior quarter, reflecting a $12.4 million increase in portfolio value.
The company posted an adjusted earnings per share of –$0.14, beating the consensus estimate of –$0.18 by $0.04, a 22% improvement. The beat was driven by disciplined cost management and the realization of gains from CoreWeave, which generated $7.2 million in net proceeds from a 16.6% stake sale. Revenue, however, fell to $459.27 million, missing the consensus forecast of $499 million by $39.73 million, a 7.9% shortfall. The revenue miss was largely attributable to weaker demand in the company’s core AI infrastructure segment, which faced pricing pressure and slower adoption of new services.
Portfolio performance underpinned the dividend payout. SuRo Capital monetized a significant portion of its CoreWeave position and benefited from unrealized appreciation in other AI‑focused holdings, including a 30.5% allocation to AI Infrastructure & Applications. The realized gains not only supported the dividend but also contributed to the NAV growth, which accelerated from $8.93 per share at the end of Q2 2025 to $9.23 per share at the end of Q3 2025.
CEO Mark Klein emphasized that the company’s “conviction‑driven” strategy continues to pay off, noting that the recent liquidity events “support the dividend declaration and reinforce our commitment to delivering consistent value.” CFO Allison Green added that the NAV increase was “primarily driven by valuation appreciation in several of our top positions,” underscoring the firm’s focus on category‑defining AI companies.
Investors reacted cautiously, with the market focusing on the revenue miss despite the EPS beat. The revenue shortfall highlighted potential headwinds in the AI infrastructure market, while the EPS improvement suggested that cost controls and portfolio gains were mitigating some of the top‑line pressure.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.