earnings
confidence high
sentiment negative
materiality 0.65
SuRo Capital posts FY2024 net loss of $38.1M; NAV falls to $6.68 per share
SURO CAPITAL CORP.
- Net assets $157.6M ($6.68/sh) at Dec 31, 2024, down from $7.99/sh a year earlier.
- FY2024 net investment loss $14.0M ($0.58/sh); net realized loss $5.0M; total net loss from operations $38.1M ($1.59/sh).
- Invested $54.5M in AI infrastructure in 2024 via CoreWeave, OpenAI, VAST; CoreWeave filed for IPO in March 2025.
- Exited Oklo with >20x return; sold remaining PublicSquare shares; repurchased $35.3M of 2026 notes.
- Issued $35M of 6.50% Convertible Notes due 2029; $25M remaining under Share Repurchase Program.