Stack Capital Group (STCK) Q4 2024 earnings summary

Executive summary

• Book Value per Share rose to $12.29 as of December 31, 2024, up 11.2% from September 30, 2024.

• Book Value reached $131.4 million at year-end 2024.

• Eleven investments completed, contributing $11.10 per share as of year-end.

Financial highlights

• SpaceX valuation increased to US$350 billion in Q4, up from US$210 billion.

• Canva valuation rose to US$32 billion, up from US$26 billion, reflecting business growth.

• Starlink surpassed 5 million subscribers, more than doubling year-over-year.

Outlook and guidance

• CoreWeave, a new portfolio company, filed its S-1 on March 3, 2025, and is preparing for an IPO.

• Forward-looking statements caution on risks and uncertainties in capitalizing on investment opportunities.