{"product_id":"ssss-vrio-analysis","title":"SuRo Capital Corp. (SSSS): VRIO Analysis [Mar-2026 Updated]","description":"\u003cbr\u003e\u003cp\u003eUnlock the secrets to SuRo Capital Corp. (SSSS)'s market edge with this sharp VRIO analysis. We distill whether its core assets are truly Valuable, Rare, Inimitable, and Organized for lasting success. Dive in below to see the definitive verdict on its sustainable competitive advantage.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eSuRo Capital Corp. (SSSS) - VRIO Analysis: 1. Public Gateway to High-Growth Private Equity\n\u003c\/h2\u003e\n\u003cp\u003eYou’re looking at SuRo Capital Corp. (SSSS) and trying to figure out if their core business model - giving public investors a ticket to the private, high-growth party - is a durable edge. Honestly, it’s their whole game, and the numbers from the third quarter of 2025 suggest they are executing on it well.\u003c\/p\u003e\n\u003cp\u003eThe direct takeaway is that SuRo Capital Corp.'s structure as a publicly traded Business Development Company (BDC) focused on concentrated, illiquid venture deals creates a distinct, hard-to-replicate advantage in the current market.\u003c\/p\u003e\n\n\u003ch3\u003eValue: Access to Illiquid Alpha\u003c\/h3\u003e\n\u003cp\u003eThe value proposition here is clear: you get access to companies like OpenAI and CoreWeave - the kind of deals usually locked behind massive institutional funds - through a simple Nasdaq ticker. This access to illiquid, high-potential private equity is a premium feature for retail and smaller institutional investors. As of September 30, 2025, the firm’s Net Asset Value (NAV) stood at \u003cstrong\u003e$9.23\u003c\/strong\u003e per share, totaling approximately \u003cstrong\u003e$231.8 million\u003c\/strong\u003e in net assets, showing the tangible value of these concentrated bets.\u003c\/p\u003e\n\u003cp\u003eWhat this estimate hides is the potential upside if one of those key private holdings, like OpenAI, moves to an IPO, which could significantly boost that NAV.\u003c\/p\u003e\n\n\u003ch3\u003eRarity: Concentrated Private Exposure\u003c\/h3\u003e\n\u003cp\u003eIt is genuinely rare for a publicly traded vehicle to offer this direct, concentrated exposure to top-tier venture deals without being a broad-based index fund. Most public vehicles either hold public stocks or are highly diversified. SuRo Capital Corp. is different. As of September 30, 2025, they held positions in 37 portfolio companies, but critically, 33 of those were privately held.\u003c\/p\u003e\n\u003cp\u003eHere’s the quick math on concentration: the top five investments accounted for approximately \u003cstrong\u003e52%\u003c\/strong\u003e of the total portfolio value at fair value as of that date. That level of focus on pre-IPO names is not common.\u003c\/p\u003e\n\n\u003ch3\u003eInimitability: Regulatory Moat and Network Effects\u003c\/h3\u003e\n\u003cp\u003eReplicating this advantage is moderately difficult. It requires more than just good stock-picking; it needs the right regulatory wrapper and deep, established deal flow networks. SuRo Capital Corp. is regulated as a BDC under the 1940 Act, which is the necessary structure to invest heavily in private companies while remaining publicly traded.\u003c\/p\u003e\n\u003cp\u003eThe difficulty in imitation stems from:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eThe established BDC regulatory structure.\u003c\/li\u003e\n\u003cli\u003eThe network required to consistently win allocations in deals like the recent ones with OpenAI and VAST Data.\u003c\/li\u003e\n\u003cli\u003eThe proven ability to realize gains, like the distribution supported by gains from CoreWeave.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eIf onboarding new deal flow takes 14+ days to vet, the window on the best private rounds closes fast.\u003c\/p\u003e\n\n\u003ch3\u003eOrganization: Structure Built for Execution\u003c\/h3\u003e\n\u003cp\u003eThe organization is high; the entire structure is built around this function. They aren't a generalist fund that dabbles in private equity; this is their mandate. The evidence is in the portfolio structure itself. As of September 30, 2025, they held those 33 private positions, demonstrating a commitment to their strategy.\u003c\/p\u003e\n\u003cp\u003eThe firm’s operational focus is evident in its financial management, too. They declared a cash dividend of \u003cstrong\u003e$0.25\u003c\/strong\u003e per share in November 2025, supported by realized gains, showing they can convert paper value into shareholder returns.\u003c\/p\u003e\n\u003cp\u003eThe structure supports the strategy:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eNAV per Share:\u003c\/strong\u003e \u003cstrong\u003e$9.23\u003c\/strong\u003e (Sept 30, 2025).\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eLiquid Assets:\u003c\/strong\u003e Approximately \u003cstrong\u003e$58.3 million\u003c\/strong\u003e in cash and restricted public securities.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eShares Outstanding:\u003c\/strong\u003e \u003cstrong\u003e25,119,091\u003c\/strong\u003e as of September 30, 2025.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003ch3\u003eCompetitive Advantage: Sustained Gateway Status\u003c\/h3\u003e\n\u003cp\u003eThe competitive advantage here is sustained. It’s not just about having a few good private investments; it’s about the regulatory framework (BDC) combined with the market positioning as the public’s venture gateway. This combination creates a barrier to entry that is more than just capital.\u003c\/p\u003e\n\u003cp\u003eThe ability to consistently source and manage a portfolio heavily weighted toward private, high-growth tech - while maintaining a public listing and paying dividends - solidifies this as a \u003cstrong\u003esustained competitive advantage\u003c\/strong\u003e, provided they manage the concentration risk inherent in their top holdings.\u003c\/p\u003e\n\u003cp\u003eFinance: draft 13-week cash view by Friday.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eSuRo Capital Corp. (SSSS) - VRIO Analysis: 2. Concentrated Exposure to Transformative AI Infrastructure\n\u003c\/h2\u003e\n\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Captures outsized returns from sector-defining trends, evidenced by OpenAI being a top holding and driving NAV growth. Net Asset Value per share was $9.23 as of September 30, 2025, compared to $6.66 per share on March 31, 2025. The position in OpenAI constitutes 11% of the investment portfolio as of the third quarter of 2025.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e High; while many funds chase AI, SuRo’s specific, large-scale, early-stage access to names like OpenAI is not common. OpenAI closed a financing round at a $300 billion valuation.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Difficult; requires securing allocation in highly oversubscribed, late-stage private rounds.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e High; the conviction-driven approach focuses capital on these key drivers, with top five positions making up 52% of the portfolio at fair value as of September 30, 2025. The total investment portfolio fair value was approximately $252.2 million at that date.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary to Sustained; depends on maintaining access to the next wave after the current AI leaders.\u003c\/p\u003e\n\n\u003cp\u003eThe concentration in top AI infrastructure names is detailed below based on the September 30, 2025 data:\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003ePortfolio Company\u003c\/td\u003e\n\u003ctd\u003eFair Value ($ in millions)\u003c\/td\u003e\n\u003ctd\u003e% of Total Portfolio\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCW Opportunity 2 LP\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$37.0\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e14.7%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWHOOP, Inc.\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$28.8\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e11.4%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOpenAI (Implied via ARK Type One Deep Ventures Fund LLC)\u003c\/td\u003e\n\u003ctd\u003e(Value not directly listed as a top 5 component in the same format as CW, but noted as 11% of portfolio)\u003c\/td\u003e\n\u003ctd\u003e(Implied within top 5)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBlink Health, Inc.\u003c\/td\u003e\n\u003ctd\u003e(Data not explicitly listed in top 5 breakdown)\u003c\/td\u003e\n\u003ctd\u003e(Implied within top 5)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLearneo, Inc.\u003c\/td\u003e\n\u003ctd\u003e(Data not explicitly listed in top 5 breakdown)\u003c\/td\u003e\n\u003ctd\u003e(Implied within top 5)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cp\u003eThe top five investments as of September 30, 2025, included:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eCW Opportunity 2 LP, with a fair value of $37.0 million, representing 14.7% of the total portfolio.\u003c\/li\u003e\n\u003cli\u003eWHOOP, Inc., with a fair value of $28.8 million, representing 11.4% of the total portfolio.\u003c\/li\u003e\n\u003cli\u003eOpenAI, which forms 11% of the investment portfolio.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003eThe portfolio held positions in 37 portfolio companies as of September 30, 2025, with 33 privately held and 4 publicly held.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eSuRo Capital Corp. (SSSS) - VRIO Analysis: 3. Disciplined Realization and Distribution Framework\n\u003c\/h2\u003e\n\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Converts paper gains into tangible shareholder returns, demonstrated by declaring \u003cstrong\u003e$0.50 per share\u003c\/strong\u003e in cash dividends for 2025 based on two quarterly declarations of \u003cstrong\u003e$0.25 per share\u003c\/strong\u003e each as of September 30, 2025. The forward annual dividend is cited as \u003cstrong\u003e$1.00\u003c\/strong\u003e per share.\u003c\/p\u003e\n\n\u003cp\u003e\u003c\/p\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eRealization Event\u003c\/th\u003e\n\u003cth\u003eDate\/Period\u003c\/th\u003e\n\u003cth\u003eNet Proceeds (Approx.)\u003c\/th\u003e\n\u003cth\u003eRealized Gain (Approx.)\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCoreWeave (Partial Monetization)\u003c\/td\u003e\n\u003ctd\u003eQ2 2025\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$25.3 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$15.3 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCoreWeave (Post-Q3 Sale)\u003c\/td\u003e\n\u003ctd\u003ePost Q3 2025\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$7 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$5.3 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eServiceTitan (Full Exit)\u003c\/td\u003e\n\u003ctd\u003eQ2 2025\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$15.9 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$6 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Moderate; many funds hold assets too long; SuRo actively monetizes, as evidenced by realized gains from AI infrastructure positions.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Moderate; requires strong board discipline to sell winners, not just hold them indefinitely. The Net Asset Value (NAV) per share was \u003cstrong\u003e$9.23\u003c\/strong\u003e as of September 30, 2025.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e High; the consistent dividend declarations and share repurchases show a clear process for returning capital.\u003c\/p\u003e\n\n\u003cul\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eDividend Frequency:\u003c\/strong\u003e Declared quarterly as of 2025, with payments of \u003cstrong\u003e$0.25\u003c\/strong\u003e per share in July 2025 and December 2025 (payable from November 2025 declaration).\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eShare Repurchase Program (Common Stock):\u003c\/strong\u003e Since inception in August 2017, over \u003cstrong\u003e6.0 million shares\u003c\/strong\u003e have been repurchased for an aggregate purchase price of approximately \u003cstrong\u003e$39.3 million\u003c\/strong\u003e.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eRemaining Share Repurchase Authorization:\u003c\/strong\u003e As of October 29, 2025, the remaining dollar value authorized for repurchase was approximately \u003cstrong\u003e$25.0 million\u003c\/strong\u003e, extended through October 31, 2026.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eNote Repurchase Program:\u003c\/strong\u003e Authorized to repurchase up to an additional \u003cstrong\u003e$40.0 million\u003c\/strong\u003e aggregate principal amount of 6.00% Notes due 2026.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary; good discipline is often replicated, but timing of realization events like the CoreWeave sales is hard to copy.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eSuRo Capital Corp. (SSSS) - VRIO Analysis: 4. Proprietary Deal Sourcing and Research-Led Thesis\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Identifies future winners before the broader market, leading to strong NAV appreciation.\u003c\/p\u003e\n\u003cp\u003eNAV per share rose to \u003cstrong\u003e$9.18\u003c\/strong\u003e as of June 30, 2025, representing a \u003cstrong\u003e38%\u003c\/strong\u003e increase from \u003cstrong\u003e$6.66\u003c\/strong\u003e per share at the end of Q1 2025, marking the largest quarter-over-quarter NAV increase since inception. Net assets totaled approximately \u003cstrong\u003e$219.4 million\u003c\/strong\u003e at June 30, 2025.\u003c\/p\u003e\n\u003cp\u003eThe strategic focus on AI infrastructure companies resulted in this segment accounting for nearly \u003cstrong\u003e1\/3\u003c\/strong\u003e of the investment portfolio at fair value as of June 30, 2025. The stock price has risen \u003cstrong\u003e65.1%\u003c\/strong\u003e year-to-date as of November 2025.\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue as of June 30, 2025\u003c\/th\u003e\n\u003cth\u003eContext\/Comparison\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eNAV Per Share\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$9.18\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eUp from \u003cstrong\u003e$6.66\u003c\/strong\u003e in Q1 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Net Assets\u003c\/td\u003e\n\u003ctd\u003eApprox. \u003cstrong\u003e$219.4 million\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003ctd\u003eCompared to \u003cstrong\u003e$219.4 million\u003c\/strong\u003e at June 30, 2024, NAV per share was \u003cstrong\u003e$6.94\u003c\/strong\u003e.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAI Infrastructure Allocation\u003c\/td\u003e\n\u003ctd\u003eNearly \u003cstrong\u003e1\/3\u003c\/strong\u003e of portfolio at fair value\u003c\/td\u003e\n\u003ctd\u003eUp from \u003cstrong\u003e28%\u003c\/strong\u003e in the previous quarter.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTop Five Investments Concentration\u003c\/td\u003e\n\u003ctd\u003eApprox. \u003cstrong\u003e53%\u003c\/strong\u003e of total portfolio at fair value\u003c\/td\u003e\n\u003ctd\u003eIllustrates focus on high-conviction, researched positions.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePortfolio Companies\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e36\u003c\/strong\u003e total\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e33\u003c\/strong\u003e privately held and \u003cstrong\u003e3\u003c\/strong\u003e publicly held.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Moderate; the focus on a repeatable, disciplined approach suggests an edge in sourcing niche, high-growth firms.\u003c\/p\u003e\n\u003cp\u003eThe firm seeks to invest via a repeatable and disciplined investment approach.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Difficult; relies on the specific expertise and network of the management team, \u003cstrong\u003eMark Klein\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eMark Klein\u003c\/strong\u003e is the Chairman, President and Chief Executive Officer.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e High; the entire investment mandate is built on this research-led selection process.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eThe company's strategy is to create a portfolio of high-growth emerging private companies via a repeatable and disciplined investment approach.\u003c\/li\u003e\n\u003cli\u003eThe company declared a cash dividend of \u003cstrong\u003e$0.25\u003c\/strong\u003e per share on July 3rd, paid July 31st, reflecting strong performance.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Sustained, if the research team’s track record remains superior to peers.\u003c\/p\u003e\n\u003cp\u003eThe stock has outperformed the NASDAQ-100 Index, which gained \u003cstrong\u003e20.1%\u003c\/strong\u003e Year-to-Date as of November 2025, with SuRo Capital's rise being \u003cstrong\u003e65.1%\u003c\/strong\u003e YTD.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eSuRo Capital Corp. (SSSS) - VRIO Analysis: 5. Expertise in Navigating Private-to-Public Transitions\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Successfully manages the transition risk of portfolio companies moving from private to public markets, like CoreWeave’s IPO and ServiceTitan’s exit.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Moderate; this requires both private diligence and public market trading skill, which few BDCs master.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Difficult; requires experience managing large, illiquid positions through lock-up periods and market shifts.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e High; they actively manage the public stakes, selling portions for realized gains, as seen with CoreWeave monetization.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Sustained; this operational experience is built over time and through cycles.\u003c\/p\u003e\n\u003cp\u003eThe successful navigation of private-to-public transitions is evidenced by specific monetization events:\u003c\/p\u003e\n\u003cul\u003e\n    \u003cli\u003ePartial monetization of CoreWeave (Q2 2025): SuRo Capital sold about 40% of its initial investment, generating $25.3 million in net proceeds and $15.3 million in realized gains.\u003c\/li\u003e\n    \u003cli\u003eSubsequent CoreWeave monetization (Q3 2025): Monetized approximately 16.6% of the CoreWeave position, generating $7.2 million in net proceeds, with additional monetizations of $7 million subsequent to the quarter end.\u003c\/li\u003e\n    \u003cli\u003eFull exit from ServiceTitan (Q2 2025): Generated net proceeds of approximately $15.9 million and a realized gain of approximately $5.9 million.\u003c\/li\u003e\n    \u003cli\u003ePublicSquare exit (Q2 2024): Sale of 220,000 shares for approximately $632,000 in net proceeds, resulting in a realized gain of approximately $458,000.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThe firm's ability to realize value during these transitions contributed to a significant increase in Net Asset Value (NAV), reaching $9.18 per share as of June 30, 2025, a 38% increase from the prior quarter.\u003c\/p\u003e\n\u003ctable\u003e\n    \u003ctr\u003e\n        \u003cth\u003eTransition Event\u003c\/th\u003e\n        \u003cth\u003eDate\/Period\u003c\/th\u003e\n        \u003cth\u003eNet Proceeds\u003c\/th\u003e\n        \u003cth\u003eRealized Gain\u003c\/th\u003e\n        \u003cth\u003eStake Managed\u003c\/th\u003e\n    \u003c\/tr\u003e\n    \u003ctr\u003e\n        \u003ctd\u003eCoreWeave Partial Monetization\u003c\/td\u003e\n        \u003ctd\u003eQ2 2025\u003c\/td\u003e\n        \u003ctd\u003e\u003cstrong\u003e$25.3 million\u003c\/strong\u003e\u003c\/td\u003e\n        \u003ctd\u003e\u003cstrong\u003e$15.3 million\u003c\/strong\u003e\u003c\/td\u003e\n        \u003ctd\u003eApproximately 40% of initial investment (direct shares)\u003c\/td\u003e\n    \u003c\/tr\u003e\n    \u003ctr\u003e\n        \u003ctd\u003eServiceTitan Full Exit\u003c\/td\u003e\n        \u003ctd\u003eQ2 2025 (Exit completed June 27, 2025)\u003c\/td\u003e\n        \u003ctd\u003eApproximately \u003cstrong\u003e$15.9 million\u003c\/strong\u003e\n\u003c\/td\u003e\n        \u003ctd\u003eApproximately \u003cstrong\u003e$5.9 million\u003c\/strong\u003e\n\u003c\/td\u003e\n        \u003ctd\u003eEntire position in public common shares\u003c\/td\u003e\n    \u003c\/tr\u003e\n    \u003ctr\u003e\n        \u003ctd\u003eCoreWeave Monetization\u003c\/td\u003e\n        \u003ctd\u003eQ3 2025\u003c\/td\u003e\n        \u003ctd\u003e\u003cstrong\u003e$7.2 million\u003c\/strong\u003e\u003c\/td\u003e\n        \u003ctd\u003eNot specified\u003c\/td\u003e\n        \u003ctd\u003eApproximately 16.6% of CoreWeave position\u003c\/td\u003e\n    \u003c\/tr\u003e\n    \u003ctr\u003e\n        \u003ctd\u003ePublicSquare Sale\u003c\/td\u003e\n        \u003ctd\u003eQ2 2024 (Subsequent to quarter end)\u003c\/td\u003e\n        \u003ctd\u003eApproximately \u003cstrong\u003e$632,000\u003c\/strong\u003e\n\u003c\/td\u003e\n        \u003ctd\u003eApproximately \u003cstrong\u003e$458,000\u003c\/strong\u003e\n\u003c\/td\u003e\n        \u003ctd\u003e220,000 shares sold\u003c\/td\u003e\n    \u003c\/tr\u003e\n\u003c\/table\u003e\n\u003cp\u003eThe portfolio structure reflects active management of public stakes, with liquid assets totaling approximately $52.4 million as of June 30, 2025.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eSuRo Capital Corp. (SSSS) - VRIO Analysis: 6. Strong Balance Sheet Liquidity for Opportunistic Investment\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Allows the company to deploy capital quickly into new deals or support existing portfolio companies without immediate dilution.\u003c\/p\u003e\n\u003cp\u003eThe capacity for rapid capital deployment is supported by the following balance sheet components as of September 30, 2025:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eLiquid assets totaling approximately \u003cstrong\u003e$58.3 million\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eLiquid assets comprised of approximately \u003cstrong\u003e$54.6 million\u003c\/strong\u003e in cash.\u003c\/li\u003e\n\u003cli\u003eApproximately \u003cstrong\u003e$3.7 million\u003c\/strong\u003e in unrestricted public securities.\u003c\/li\u003e\n\u003cli\u003eAdditional public securities subject to lockup or other sales restrictions valued at approximately \u003cstrong\u003e$41.9 million\u003c\/strong\u003e as of quarter end.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Moderate; holding \u003cstrong\u003e$58.3 million\u003c\/strong\u003e in liquid assets as of September 30, 2025, provides dry powder.\u003c\/p\u003e\n\u003cp\u003eThis level of liquidity compares to prior periods:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eLiquid assets were approximately \u003cstrong\u003e$39.5 million\u003c\/strong\u003e as of September 30, 2024.\u003c\/li\u003e\n\u003cli\u003eThe company had \u003cstrong\u003e25,119,091\u003c\/strong\u003e shares of common stock outstanding as of September 30, 2025.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Easy; cash can be raised, but maintaining it while growing the portfolio is the challenge.\u003c\/p\u003e\n\u003cp\u003eThe potential for future liquidity generation is evidenced by:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eGross aggregate proceeds of approximately \u003cstrong\u003e$10.8 million\u003c\/strong\u003e from selling \u003cstrong\u003e1,230,984\u003c\/strong\u003e shares under the ATM Offering during the quarter ended September 30, 2025.\u003c\/li\u003e\n\u003cli\u003eUp to approximately \u003cstrong\u003e$88 million\u003c\/strong\u003e in aggregate amount of shares remaining available for sale under the ATM program as of quarter end.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e High; they balance growth investments with maintaining a significant cash buffer for flexibility.\u003c\/p\u003e\n\u003cp\u003eThe allocation of capital between liquid assets and invested assets as of September 30, 2025:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eAsset Category\u003c\/th\u003e\n\u003cth\u003eAmount (Approximate)\u003c\/th\u003e\n\u003cth\u003ePortfolio Context\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eLiquid Assets\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$58.3 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eCash and unrestricted public securities.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Portfolio Fair Value\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$252.2 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eAggregate fair value of 37 portfolio companies.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInvestment in HL Digital Assets, Inc. (September 2025)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$5 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003ePreferred shares investment.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet Asset Value (NAV) per Share\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$9.23\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eReported NAV as of September 30, 2025.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary; cash levels fluctuate based on realization events and new capital raises.\u003c\/p\u003e\n\u003cp\u003eRealization events supporting cash levels include:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eDistributions from CW Opportunity 2, LP totaled approximately \u003cstrong\u003e$7.2 million\u003c\/strong\u003e in Q3 2025.\u003c\/li\u003e\n\u003cli\u003eThe aggregate distributions from CW Opportunity 2, LP to date represent approximately \u003cstrong\u003e28.2%\u003c\/strong\u003e of the initial \u003cstrong\u003e$15 million\u003c\/strong\u003e investment.\u003c\/li\u003e\n\u003cli\u003eThe Board declared a cash dividend of \u003cstrong\u003e$0.25\u003c\/strong\u003e per share paid on July 31, 2025.\u003c\/li\u003e\n\u003cli\u003eThe Board declared a subsequent cash dividend of \u003cstrong\u003e$0.25\u003c\/strong\u003e per share payable on December 5, 2025.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eSuRo Capital Corp. (SSSS) - VRIO Analysis: 7. Targeted Middle-Market Investment Focus\n\u003c\/h2\u003e\n\u003ch\u003eValue\u003c\/h\u003e\n\u003cp\u003eFocuses on companies with a specific financial profile (EBITDA generally \u003cstrong\u003e\\$5M to \\$30M\u003c\/strong\u003e), potentially avoiding the hyper-competitive mega-rounds. As of September 30, 2025, SuRo Capital held positions in \u003cstrong\u003e37\u003c\/strong\u003e portfolio companies – \u003cstrong\u003e33\u003c\/strong\u003e privately held and \u003cstrong\u003e4\u003c\/strong\u003e publicly held – with an aggregate fair value of approximately \u003cstrong\u003e\\$252.2 million\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003eThe Company's liquid assets were approximately \u003cstrong\u003e\\$58.3 million\u003c\/strong\u003e as of September 30, 2025.\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003cth\u003eDate\/Period\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Investment Portfolio Fair Value\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e\\$252.2 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eSeptember 30, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNumber of Portfolio Companies\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e37\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eSeptember 30, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLiquid Assets\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e\\$58.3 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eSeptember 30, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTop Five Investment Concentration\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e52%\u003c\/strong\u003e of total portfolio\u003c\/td\u003e\n\u003ctd\u003eSeptember 30, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet Asset Value (NAV) per Share\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e\\$9.23\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eSeptember 30, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003ch\u003eRarity\u003c\/h\u003e\n\u003cp\u003eModerate; this specific size focus carves out a niche within the broader venture\/private credit landscape. The firm prefers to invest in energy and utilities, consumer, technology, media and communication sectors in the United States of America and Canada.\u003c\/p\u003e\n\u003ch\u003eImitability\u003c\/h\u003e\n\u003cp\u003eModerate; requires the infrastructure to underwrite and service middle-market debt\/equity deals effectively. The company's primary business activities include originating and managing a diversified portfolio of senior secured floating rate loans, unsecured loans, unitranche debt, and equity co-investments.\u003c\/p\u003e\n\u003cp\u003eThe company issued \u003cstrong\u003e\\$30 million\u003c\/strong\u003e in \u003cstrong\u003e6.50%\u003c\/strong\u003e Convertible Notes due 2029 to strengthen its capital structure.\u003c\/p\u003e\n\u003ch\u003eOrganization\u003c\/h\u003e\n\u003cp\u003eHigh; this focus dictates the entire origination and underwriting process. The company's investment objective is to maximize its portfolio's total return, principally by seeking capital gains on its equity and equity-related investments.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eWeighted-average common basic shares outstanding were approximately \u003cstrong\u003e24.4 million\u003c\/strong\u003e for the quarter ended September 30, 2025.\u003c\/li\u003e\n\u003cli\u003eShares of common stock outstanding as of September 30, 2025: \u003cstrong\u003e25,119,091\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eThe Board of Directors authorized an extension of the discretionary Share Repurchase Program until the repurchase of \u003cstrong\u003e\\$64.3 million\u003c\/strong\u003e in aggregate amount.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch\u003eCompetitive Advantage\u003c\/h\u003e\n\u003cp\u003eTemporary; market conditions can shift the attractiveness of this specific size segment. The company's P\/E ratio is \u003cstrong\u003e-22.45\u003c\/strong\u003e, indicating negative earnings.\u003c\/p\u003e\n\u003cp\u003eThe company's Debt \/ Equity ratio was \u003cstrong\u003e0.32\u003c\/strong\u003e, with an Interest Coverage ratio of \u003cstrong\u003e-1.93\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eSuRo Capital Corp. (SSSS) - VRIO Analysis: 8. Portfolio Diversification Across Growth Verticals\n\u003c\/h2\u003e\n\u003cp\u003eSuRo Capital Corp. maintains an aggregate portfolio fair value of approximately \u003cstrong\u003e$252.2 million\u003c\/strong\u003e as of September 30, 2025.\u003c\/p\u003e\n\u003ch3\u003eValue\u003c\/h3\u003e\n\u003cp\u003eMitigates single-sector risk, even while heavily weighted toward AI; includes consumer brands and software solutions.\u003c\/p\u003e\n\u003ch3\u003eRarity\u003c\/h3\u003e\n\u003cp\u003eModerate; while diversification is common, SuRo’s mix of tech-heavy growth with other sectors is distinct.\u003c\/p\u003e\n\u003ch3\u003eImitability\u003c\/h3\u003e\n\u003cp\u003eEasy; other funds can mimic sector allocation, but the specific company selection within those sectors is unique.\u003c\/p\u003e\n\u003ch3\u003eOrganization\u003c\/h3\u003e\n\u003cp\u003eModerate; they track sector exposure, with logistics at \u003cstrong\u003e8%\u003c\/strong\u003e and sports at \u003cstrong\u003e2%\u003c\/strong\u003e of fair value as of Q3 2025.\u003c\/p\u003e\n\u003cp\u003eThe investment portfolio as of September 30, 2025, shows the following thematic allocation:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eGrowth Vertical Theme\u003c\/th\u003e\n\u003cth\u003ePercentage of Total Portfolio Fair Value\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eAI Infrastructure \u0026amp; Applications\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e30.5%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eConsumer Goods \u0026amp; Services\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e20.5%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSoftware-as-a-Service\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e18.6%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLogistics (Stipulated Figure)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e8%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSports (Stipulated Figure)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e2%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eThe top five portfolio company investments accounted for approximately \u003cstrong\u003e52%\u003c\/strong\u003e of the total portfolio at fair value as of September 30, 2025.\u003c\/p\u003e\n\u003ch3\u003eCompetitive Advantage\u003c\/h3\u003e\n\u003cp\u003eNone on its own; it’s a necessary risk management function, not a source of outperformance.\u003c\/p\u003e\n\u003cp\u003eAdditional statistical and financial data points related to portfolio structure:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eNet Assets totaled approximately \u003cstrong\u003e$231.8 million\u003c\/strong\u003e at September 30, 2025.\u003c\/li\u003e\n\u003cli\u003eNet Asset Value (NAV) per share was \u003cstrong\u003e$9.23\u003c\/strong\u003e as of September 30, 2025.\u003c\/li\u003e\n\u003cli\u003eSuRo Capital held positions in \u003cstrong\u003e37\u003c\/strong\u003e portfolio companies (33 privately held and 4 publicly held) as of September 30, 2025.\u003c\/li\u003e\n\u003cli\u003eLiquid assets were approximately \u003cstrong\u003e$58.3 million\u003c\/strong\u003e as of September 30, 2025.\u003c\/li\u003e\n\u003cli\u003eThe top position, CW Opportunity 2 LP, represented \u003cstrong\u003e14.7%\u003c\/strong\u003e of fair value.\u003c\/li\u003e\n\u003cli\u003eWHOOP, Inc. represented \u003cstrong\u003e11.4%\u003c\/strong\u003e of fair value.\u003c\/li\u003e\n\u003cli\u003eOpenAI via ARK Type One Deep Ventures Fund represented \u003cstrong\u003e11.0%\u003c\/strong\u003e of fair value.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eSuRo Capital Corp. (SSSS) - VRIO Analysis: 9. Shareholder Capital Management via ATM Program\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Provides a low-cost, flexible mechanism to issue new stock to fund investments without needing a large, disruptive follow-on offering.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Moderate; many BDCs use At-The-Market (ATM) programs, but SuRo actively uses it to fund growth.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Easy; the program structure is standard, though the decision to use it is strategic.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e High; they have a clear authorization for repurchases (approx. \u003cstrong\u003e$25.0 million\u003c\/strong\u003e remaining) and use the ATM to raise capital, showing active management of the share base.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary; the benefit is realized only when the capital raised is deployed successfully at a premium to the issue price.\u003c\/p\u003e\n\u003cp\u003eFinance: Capital availability and recent ATM utilization as context for the next deployment phase:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eMetric\u003c\/td\u003e\n\u003ctd\u003eAmount\u003c\/td\u003e\n\u003ctd\u003eDate\/Period\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eLiquid Assets (Dry Powder)\u003c\/td\u003e\n\u003ctd\u003eApproximately \u003cstrong\u003e$58.3 million\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003ctd\u003eAs of September 30, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRemaining ATM Offering Authorization\u003c\/td\u003e\n\u003ctd\u003eApproximately \u003cstrong\u003e$88.0 million\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003ctd\u003eAs of October 8, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eShares Sold Under ATM Offering (Q3 2025)\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e1,230,984\u003c\/strong\u003e shares\u003c\/td\u003e\n\u003ctd\u003eQuarter ended September 30, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGross Proceeds from ATM Sales (Q3 2025)\u003c\/td\u003e\n\u003ctd\u003eApproximately \u003cstrong\u003e$10.8 million\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003ctd\u003eQuarter ended September 30, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRemaining Share Repurchase Authorization\u003c\/td\u003e\n\u003ctd\u003eApproximately \u003cstrong\u003e$25.0 million\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003ctd\u003eAs of September 30, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eThe deployment focus for the next tranche of capital, targeting the next \u003cstrong\u003e$25.0 million\u003c\/strong\u003e in dry powder by January 15th, is supported by the following capital structure metrics:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eNet Asset Value (NAV) per Share (September 30, 2025): \u003cstrong\u003e$9.23\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eNAV per Share (June 30, 2025): \u003cstrong\u003e$9.23\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eNAV per Share (September 30, 2024): \u003cstrong\u003e$6.73\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eTotal Common Stock Outstanding (September 30, 2025): \u003cstrong\u003e25,119,091\u003c\/strong\u003e shares\u003c\/li\u003e\n\u003cli\u003ePortfolio Companies Held (September 30, 2025): \u003cstrong\u003e37\u003c\/strong\u003e (33 privately held, 4 publicly held)\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"dcf.fm","offers":[{"title":"Default Title","offer_id":45516256608405,"sku":"ssss-vrio-analysis","price":7.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/5189\/0837\/files\/ssss-vrio-analysis.png?v=1740219406","url":"https:\/\/dcf-model.com\/pt\/products\/ssss-vrio-analysis","provider":"AI-Powered Discounted Cash Flow Model Templates","version":"1.0","type":"link"}