SURO CAPITAL CORP. Earnings Per Share Disclosure
| Year Ended December 31, | ||||||||||||
| 2025 | 2024 | 2023 | ||||||||||
| Earnings per common share–basic: | ||||||||||||
| Net change in net assets resulting from operations | $ | 48,808,336 | $ | (38,124,247 | ) | $ | 5,066,822 | |||||
| Weighted-average common shares–basic | 24,225,991 | 23,901,805 | 26,222,667 | |||||||||
| Earnings per common share–basic | $ | 2.01 | $ | (1.60 | ) | $ | 0.19 | |||||
| Earnings per common share–diluted: | ||||||||||||
| Net change in net assets resulting from operations | $ | 48,808,336 | $ | (38,124,247 | ) | $ | 5,066,822 | |||||
| Adjustment for interest and amortization on 6.50% Convertible Notes due 2029(1) | 2,499,717 | |||||||||||
| Net change in net assets resulting from operations, as adjusted | $ | 51,308,053 | $ | (38,124,247 | ) | $ | 5,066,822 | |||||
| Adjustment for dilutive effect of 6.50% Convertible Notes due 2029(1) | 4,563,109 | |||||||||||
| Weighted-average common shares outstanding–diluted(1) | 28,789,100 | 23,901,805 | 26,222,627 | |||||||||
| Earnings per common share–diluted | $ | 1.78 | $ | (1.60 | ) | $ | 0.19 | |||||
| (1) | For the year ended December 31, 2024, potentially dilutive common shares were excluded from the weighted-average common shares outstanding for diluted net decrease in net assets resulting from operations per common shares because the effect of these shares would have been anti-dilutive. For the year ended December 31, 2023, there were no potentially dilutive securities outstanding. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 11, 2026 | Showing above |
| 2024 | Mar 12, 2025 | |
| 2023 | Mar 14, 2024 | |
| 2022 | Mar 16, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.