SSSS earnings analysis
What we found in SSSS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
SuRo Capital Corp. reported notable growth in Q1 2026, with revenue of $731,963, representing a 46.6% increase compared to Q1 2025, significantly surpassing analyst estimates. Despite the revenue beat, the company reported an EPS of -0.16, slightly missing expectations but reflecting improvements in net investment results as unrealized gains increased substantially.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Significant Revenue Surge
- Revenue of $731,963 increased by 46.6% from $499,094 in Q1 2025.
- Improved Net Asset Value
- NAV per share increased by 76% quarter-over-quarter, showing strong performance.
- Strong Investment Gains
- Net realized gains of $890,513 were reported, compared to a loss of $17,951 in the previous year.
- Increased Interest Income
- Interest income rose to $388,213 from $150,647, a significant year-over-year increase.
- Decrease in Cash Obligations
- Cash decreased to $43.3 million from $49 million, still high relative to obligations.
- Increase in Total Operating Income
- Total operating income of $731,963 exceeded prior expectations, demonstrating strong performance.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Net Investment Losses
- Net investment loss increased to $3,978,492 from $3,661,769 year-over-year.
- Market Volatility Impact
- Increased exposure to market volatility poses a risk due to significant portfolio concentration.
- Leveraged Debt Risks
- Company still has approximately $35.8 million of debt obligations due in 2026, which could impact liquidity.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.16
What they said about what is next.
Management indicated ongoing evaluation of investment strategies with no specific numeric guidance provided.
The filing reads better than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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