Stack Capital Group (STCK) Q4 2025 earnings summary

Executive summary

• Book Value per Share rose 24.9% year-over-year to $15.35 as of December 31, 2025, driven by strong portfolio performance and disciplined capital deployment.

• Total Book Value reached $202 million, reflecting gains across late-stage private market investments.

• Management highlights robust private capital markets and anticipates 2026 to be significant for monetizations as private companies explore public markets.

Financial highlights

• Book Value per Share increased from $12.29 to $15.35 year-over-year.

• $1.6 million of public stock repurchased and cancelled at an average price of $11.48, below Book Value per Share.

Outlook and guidance

• Management expects continued momentum in AI, infrastructure, and energy innovation sectors.

• 2026 anticipated to be a meaningful year for portfolio monetizations as private companies consider public offerings.