S
SUI Group Holdings Ltd.
SUIGCIK 0001425355NasdaqNon-AcceleratedSmaller ReportingFinance ServicesMinnesotaFY ends Dec 31
Period
FY 2025
Revenue
$3.90M
Net Income
$-264.95M
Total Assets
$190.36M
Equity
$169.74M
Shares Out
76.80M
Op. Cash Flow
$-8.24M
Business
SUI Group Holdings Ltd. provides short-term specialty finance solutions, focusing on high-interest, collateralized lending often characterized as hard-money lending. Its main offerings include short-term secured and unsecured loans for real estate development, operating capital, tax-refund advances, purchases of adjudicated settlements and receivables, and other bespoke short-duration credit arrangements. The company operates as a specialty finance lender with an investment process and sourcing network managed by its executive team and board. It targets primarily U.S. borrowers and transactions sourced through management and professional relationships.
Summary from filing dated 2025-03-10
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Portfolio investment income | 2 | 3 | — | — | — | |
| Digital lending interest income | 83,517 | 0 | — | — | — | |
| SUI staking revenue | 2 | 0 | — | — | — | |
| Total Revenues | 4 | 3 | — | — | — | |
| Professional fees | 3 | 550,248 | 761,525 | 2 | 453,440 | |
| Stock-based Compensation | 4 | 0 | — | — | — | |
| Asset and strategic management fees | 2 | 0 | — | — | — | |
| Compensation expense | 1 | 1 | — | — | — | |
| Insurance | 773,939 | 99,936 | 108,039 | 111,110 | 108,165 | |
| Unrealized loss on digital assets, net | 254 | 0 | — | — | — | |
| Realized loss on digital assets | 3 | 0 | — | — | — | |
| Provision for digital asset loan credit losses | 548,144 | 0 | — | — | — | |
| Net realized and unrealized gain on portfolio investments | −476,986 | −267,932 | — | — | — | |
| Other general and administrative | 311,741 | 92,534 | 81,287 | 67,847 | 40,744 | |
| Total Operating Expenses | 268 | 2 | 4 | 3 | 1 | |
| Operating Income (Loss) | −264 | 2 | — | — | — | |
| Portfolio investment income | 3 | 0 | — | — | — | |
| Net realized and unrealized loss on portfolio investments | −3 | 0 | — | — | — | |
| Total Other Loss | −172,140 | 0 | — | — | — | |
| Income (Loss) Before Taxes | −264 | 2 | — | — | — | |
| Provision for (Benefit from) Income Taxes | 743,440 | 425,450 | −454,554 | 9,648 | 1 | |
| Net Income (Loss) | −265 | 1 | — | — | — | |
| Basic | −6.59 | 0.18 | — | — | 0.26 | |
| Diluted | −6.59 | 0.18 | — | — | 0.26 | |
| Weighted-average number of common shares outstanding - basic | 40 | 6 | — | — | 11 | |
| Weighted-average number of common shares outstanding - diluted | 40 | 6 | — | — | 11 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 22 | 6 | 376,024 | 1 | 2 | |
| Portfolio investments, at fair value (cost: $7,460,216 and $13,717,089, respectively) | 4 | 13 | — | — | — | |
| Digital asset loan receivable, at fair value (cost: $3,399,860 and $0) | 1 | 0 | — | — | — | |
| Interest and dividend receivable | 757,794 | 191,917 | — | — | — | |
| Digital assets receivable, at fair value (cost: $53,565 and $0) | 28,774 | 0 | — | — | — | |
| Prepaid expenses | 2 | 31,848 | — | — | — | |
| Income tax receivable | 131,360 | 0 | — | — | — | |
| Deferred taxes | 0 | 770,000 | 757,000 | 201,000 | 0 | |
| Total current assets | 30 | 20 | — | — | — | |
| Digital assets, at fair value (cost: $401,991,599 and $0) | 147 | 0 | — | — | — | |
| Portfolio investments, at fair value (cost: $10,000,000 and $0) | 10 | 0 | — | — | — | |
| Digital asset loan receivable, at fair value (cost: $4,682,300 and $0) | 2 | 0 | — | — | — | |
| Other assets | 63,890 | 0 | — | — | — | |
| Total Assets | 190 | 20 | 19 | 19 | 17 | |
| Accounts payable | 857,341 | 41,105 | — | — | 64,028 | |
| Deferred income | 12 | 0 | — | — | — | |
| Accrued payroll liabilities | 1,250 | 527,142 | — | — | — | |
| Accrued income tax | 0 | 147,200 | — | — | — | |
| Total current liabilities | 13 | 715,447 | — | — | — | |
| Deferred income | 8 | 0 | — | — | — | |
| Total long term liabilities | 8 | 0 | — | — | — | |
| Total liabilities | 21 | 715,447 | 516,434 | 863,230 | 3 | |
| Common Stock, par value $0.001 per share (2,000,000,000 authorized; 76,802,872 and 6,385,255 issued and outstanding, respectively) | 76,803 | 6,385 | 6,385 | 6,185 | 10,790 | |
| Additional paid-in capital | 432 | 17 | 15 | 15 | 11 | |
| Accumulated deficit | −262 | −1 | −1 | −1 | −1 | |
| Accumulated undistributed investment gain (loss) | 0 | −152,389 | — | — | — | |
| Accumulated undistributed net realized gains on investment transactions | 0 | 4 | — | — | — | |
| Net unrealized depreciation in value of investments | 0 | −263,527 | — | — | — | |
| Total shareholders' equity | 170 | 20 | 19 | 18 | 13 | |
| Total liabilities and shareholders' equity | 190 | 20 | 19 | 19 | 17 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Deferred income taxes | 770,000 | −13,000 | −556,000 | −246,000 | — | |
| Net realized and unrealized loss/ (gain) on portfolio investments | 3 | −267,932 | — | — | — | |
| Staking revenue | −2 | 0 | — | — | — | |
| Digital lending revenue | −77,928 | — | — | — | — | |
| Purchases of investments | −4 | −6 | — | — | — | |
| Proceeds from sales of investments | 504,116 | 10 | — | — | — | |
| Prepaid expenses | −2 | 142,736 | — | — | — | |
| Interest and dividend receivable | −565,877 | 72,496 | −13,534 | 73,471 | −258,439 | |
| Digital assets receivable | −59,154 | 0 | — | — | — | |
| Note receivable | 0 | 250,000 | — | — | — | |
| Accounts payable and other liabilities | 290,344 | 51,813 | −276,642 | 723,294 | 10,804 | |
| Accrued income tax | −278,560 | 147,200 | 0 | −1 | 1 | |
| Net cash provided (used) in operating activities | −8 | 6 | −1 | −5 | −2 | |
| Purchases of portfolio investments | −4 | 0 | — | — | — | |
| Proceeds from sales and repayments of portfolio investments | 4 | 0 | — | — | — | |
| Purchases of digital assets | −196 | 0 | — | — | — | |
| Net cash provided (used) in investing activities | −195 | 0 | — | — | — | |
| Proceeds from common shares and warrants issued in private offering | 259 | 0 | — | — | — | |
| Issuance costs of private offering | −21 | 0 | — | — | — | |
| Proceeds from option and warrant exercise | 628,909 | 0 | 424,000 | 0 | — | |
| Payments for repurchase of common stock | −19 | 0 | — | — | — | |
| Net cash provided in financing activities | 220 | 0 | 424,000 | 4 | −2 | |
| Net increase in cash and cash equivalents | 16 | 6 | −713,617 | −846,507 | −4 | |
| Cash paid for income taxes | 0 | 159,750 | 0 | 428,948 | 32,398 | |
| Cash paid for interest | 0 | 320 | 78,000 | 195,894 | 9,511 | |
| In-kind digital assets contribution for equity and warrants in private offering | 191 | 0 | — | — | — | |
| In-kind digital assets acquired | −191 | 0 | — | — | — | |
| Digital assets loan receivable | 8 | 0 | — | — | — |
Filings
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