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TORONTO, May 07, 2026 (GLOBE NEWSWIRE) — Stack Capital Group Inc., (“Stack Capital” or the “Company”) (TSX:STCK) today announced its financial results for the period ended March 31, 2026. Stack Capital reports all amounts in Canadian Dollars unless otherwise stated.
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FINANCIAL SUMMARY
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- Book Value per Share (BVpS): $16.57, compared to $15.35 as at December 31, 2025 (+8% increase)
- Total Book Value: $227 million
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The increase in Book Value during the quarter was primarily driven by valuation growth across core portfolio holdings in SpaceX and OpenAI.
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PORTFOLIO COMPANY HIGHLIGHTS
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SpaceX
Recently valued at approximately US$1 trillion in connection with the merger with xAI, further reinforcing its position as one of the world’s most valuable and strategically important private technology companies.
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OpenAI
During the quarter, OpenAI completed a US$122 billion financing at a post-money valuation of approximately US$852 billion. The transaction further strengthens OpenAI’s position as a leading artificial intelligence platform and will help support its continued investment in compute infrastructure, product development, and revenue growth.
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Crusoe Energy
Crusoe announced a new 900 MW AI factory campus in Abilene, Texas to support Microsoft AI infrastructure. The project further validates Crusoe’s position as a leading AI infrastructure platform at the intersection of energy, data centers, and high-performance compute.
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X-Energy
Subsequent to quarter-end, X-Energy completed its initial public offering and began trading on Nasdaq, with the IPO occurring at a valuation substantially higher than Stack Capital’s original entry price. Since its IPO, X-Energy has experienced robust trading due to strong investor demand for its next-generation energy solutions, along with continued global demand for reliable, scalable power infrastructure.
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Hopper
Hopper announced yet another impressive partnership, this time with RBC to enhance the Avion Rewards Travel platform through Hopper Technology Solutions (HTS). The partnership is a significant enterprise win for Hopper and validates the strength of its B2B travel & fintech solution, which now powers the travel platforms for several of the world’s leading financial institutions.
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SUBSEQUENT EVENTS
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FluidStack
Subsequent to quarter-end, Stack Capital invested US$11.0 million into FluidStack, a next-generation data center operator supporting the rapidly growing demand for AI compute infrastructure. FluidStack has worked with leading artificial intelligence companies, including Anthropic and Google, and is positioned at the center of the accelerating demand for high-performance AI infrastructure. The company’s work supporting TPU-based infrastructure has made it an important platform for scaling large language model workloads and helping meet the compute requirements of frontier AI companies.
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Completion of Concurrent Private Placement
Following quarter-end, Stack Capital successfully completed a $40 million concurrent private placement. The capital raise provides the Company with the additional flexibility to pursue new investments in attractive, growth-oriented private companies.
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