Stack Capital Group (STCK) Q3 2026 earnings summary

Executive summary

• Book Value per Share (BVPS) was $19.90 at Sept. 30, 2026, versus $20.25 at June 30; total Book Value was $311M.

• Crusoe and Databricks financings at higher valuations increased the carrying values of both investments; SpaceX remained the largest position at $105.4M.

Financial highlights

• BVPS was $19.90 at Sept. 30, 2026, compared with $20.25 at June 30, 2026; total Book Value was $311M.

• Crusoe’s carrying value increased by $12.1M to $29.1M following its Series F financing; Databricks’ carrying value increased by $2.8M after its strategic financing.

• SpaceX’s position value declined from June 30 to $105.4M at quarter-end; X-Energy’s position was valued at $6.9M.

Outlook and guidance

• Management remains focused on long-term value creation and portfolio monetization, and intends to repurchase shares at opportunistic prices through the normal course issuer bid.

• Management views the discount between the share price and reported BVPS as an opportunity to create shareholder value.