Revenue: As of FY2026 Q1, the actual value is USD 731.96 K, beating the estimate of USD 405.5 K.

EPS: As of FY2026 Q1, the actual value is USD 5.18.

EBIT: As of FY2026 Q1, the actual value is USD -3.15 M.

Net Asset Value (NAV)

• Net assets totaled approximately $361.6 million as of March 31, 2026, compared to $205,316,251 as of December 31, 2025, and $156,804,155 as of March 31, 2025 .
• Net Asset Value per share was $14.24 as of March 31, 2026, an increase from $8.09 per share at December 31, 2025, and $6.66 per share at March 31, 2025 .
• This represents a $6.15 per share increase, or approximately 76% quarter-over-quarter, from December 31, 2025, to March 31, 2026 .
• The net increase in net assets resulting from operations was $155.6 million for the three months ended March 31, 2026, compared to a net decrease of - $0.8 million for the same period in 2025 .

Investment Portfolio

• As of March 31, 2026, SuRo Capital Corp. held positions in 36 portfolio companies, comprising 33 privately held and 3 publicly held companies, with an aggregate fair value of approximately $388.5 million .
• Total Investments at fair value were $388,534,651 as of March 31, 2026, up from $225,511,505 as of December 31, 2025 .
• The top five portfolio company investments constituted approximately 72% of the total portfolio’s fair value as of March 31, 2026 . These include:
  • Whoop, Inc.: $150.8 million (38.8% of total portfolio)
  • ARK Type One Deep Ventures Fund LLC: $59.3 million (15.3% of total portfolio)
  • IH10, LLC: $32.8 million (8.5% of total portfolio)
  • Blink Health, Inc.: $21.0 million (5.4% of total portfolio)
  • CW Opportunity 2 LP: $15.9 million (4.1% of total portfolio)

Investment Activity (Q1 2026)

• Investments Made: SuRo Capital Corp. invested $5.0 million in Class A Interest of Magnetar Opportunity 2025-4 LP on January 2, 2026 . A total commitment of up to $20.0 million was made to Magnetar Opportunity 2025-4 LP, with $5.0 million funded as of May 5, 2026 .
• Exits and Proceeds Received:
  • GrabAGun Digital Holdings Inc. - Common Shares: Generated $1.4 million in net proceeds and $0.9 million in realized gain .
  • True Global Ventures 4 Plus Pte Ltd: Generated $0.2 million in net proceeds .
• Subsequent Investments (post-quarter end through May 5, 2026):
  • Huntress Labs Inc.: $0.2 million in Common Shares on April 8, 2026 .
  • ClickHouse, Inc.: $9.5 million in Series A Preferred Shares on April 22, 2026 .
• Subsequent Exits and Proceeds (post-quarter end through May 5, 2026):
  • CW Opportunity 2 LP: Generated $3.0 million in net proceeds and $2.1 million in realized gain .

Key Financial Results (Three Months Ended March 31, 2026 vs. 2025)

• Net Investment Loss: - $4.0 million in 2026, compared to - $3.7 million in 2025 .
• Net Realized Gain/(Loss) on Investments: $0.9 million in 2026, compared to - $0.1 million in 2025 .
• Net Change in Unrealized Appreciation/(Depreciation) of Investments: $158.7 million in 2026, significantly up from $2.9 million in 2025 .
• Total Investment Income: $731,963 in 2026, up from $499,094 in 2025 .
• Total Operating Expenses: $4,710,455 in 2026, up from $4,160,863 in 2025 .
  • Compensation expense: $1,976,252 in 2026 vs. $1,667,835 in 2025 .
  • Interest expense: $1,217,194 in 2026 vs. $1,259,849 in 2025 .
  • Professional fees: $872,729 in 2026 vs. $750,224 in 2025 .

Ratios and Supplemental Data

• Shares outstanding at end of period: 25,387,393 as of March 31, 2026, compared to 23,551,859 as of March 31, 2025 .
• Ratio of net operating expenses to average net assets: 9.25% for the three months ended March 31, 2026, down from 10.79% for the same period in 2025 .
• Ratio of net investment loss to average net assets: - 7.82% for the three months ended March 31, 2026, compared to - 9.49% for the same period in 2025 .
• Portfolio Turnover Ratio: 0.52% for the three months ended March 31, 2026, significantly lower than 5.28% for the same period in 2025 .

Outlook / Guidance

SuRo Capital Corp.’s Board of Directors approved a proposal to transition to an externally managed structure through Neostellar Advisors LLC, subject to stockholder approval . This externalization is expected to enhance investment sourcing, improve due diligence capabilities, and preserve realized gains by excluding pre-existing investments from incentive fee calculations, leading to annual expense savings . An affiliate of Magnetar Holdings LLC will also make a $20 million investment in SuRo Capital Corp., and the current management team will continue in their roles .