Company research
RAND CAPITAL CORP
CIK 81955Updated Sep 26, 2026
SecurityRAND · NASDAQ · equity
RAND price & chart
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Recent filings
40-17F2 filing
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
40-17G filing
10-Q filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 53,195,312Source | 72,457,433Source | 81,021,982Source | 63,481,192Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 4,208,948Source | — | — | — |
| Accounts Receivable | — | — | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,011,859Source | 7,124,913Source | 20,206,769Source | 5,759,872Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 303,771Source | 264,892Source | 264,892Source | 264,892Source |
| Retained Earnings (Accumulated Deficit)USD | -10,616,870Source | 2,542,382Source | 6,315,756Source | 7,558,766Source |
| Stockholders' Equity Attributable to ParentUSD | 52,183,453Source | 65,332,520Source | 60,815,213Source | 57,721,320Source |
| Additional Paid in Capital, Common StockUSD | 64,063,157Source | 55,419,620Source | 55,801,170Source | 51,464,267Source |
| Liabilities and EquityUSD | 53,195,312Source | 72,457,433Source | 81,021,982Source | 63,481,192Source |
| Additional Financial Items | ||||
| Dividends PayableUSD | 0Source | 2,168,058Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 25,000Source | 25,000Source | 25,000Source | 12,500Source |
| Deferred Income Tax Expense (Benefit)USD | 2,161Source | 37,018Source | -11,019Source | 152,843Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 11,251,648Source | 15,331,731Source | -8,340,918Source | 252,368Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -7,877,505Source | -17,792,247Source | 10,267,243Source | 282,753Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 3,374,143Source | -2,460,516Source | 1,926,325Source | 535,121Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 4,208,948Source | 834,805Source | 3,295,321Source | 1,368,996Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | -3,126Source | 121,433Source | 645,248Source | -5,284Source |
| Additional Financial Items | ||||
| Dividends PayableUSD | 0Source | 2,168,058Source | — | — |
| Income Tax Expense (Benefit)USD | — | — | 192,111Source | 215,542Source |
| InterestIncomeOperatingPaidInKindUSD | 2,149,390Source | 1,980,728Source | 1,225,773Source | 739,355Source |
| InvestmentCompanyDistributionOrdinaryIncomeUSD | 5,109,447Source | 3,427,968Source | — | — |
| Investment Income, InterestUSD | 176,668Source | 2,356Source | 933Source | 131Source |
| Net Income (Loss) Attributable to ParentUSD | -8,039,620Source | 8,827,612Source | 6,526,650Source | -881,849Source |
| Operating ExpensesUSD | 1,188,671Source | 4,837,282Source | 4,178,319Source | 1,119,229Source |
| Realized Investment Gains (Losses)USD | — | 11,124,864Source | 1,051,079Source | 705,493Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | -6,062,300Source | 2,972,084Source | -5,909,772Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 3,515,135Source | 3,684,742Source |
| Income Tax Expense (Benefit)USD | — | — | 192,111Source | 215,542Source |
| Net Income (Loss) Attributable to ParentUSD | -8,039,620Source | 8,827,612Source | 6,526,650Source | -881,849Source |
| Earnings Per Share, BasicUSD per share | -2.73Source | 3.42Source | 2.53Source | -0.34Source |
| Earnings Per Share, DilutedUSD per share | -2.73Source | 3.42Source | 2.53Source | -0.34Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 2,945,315Source | 2,581,021Source | 2,581,021Source | 2,581,021Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 2,945,315Source | 2,581,021Source | 2,581,021Source | 2,581,021Source |
| Additional Financial Items | ||||
| Interest Expense, DebtUSD | 112,528Source | 1,089,678Source | 1,044,831Source | 69,960Source |
| Interest Income, OperatingUSD | 5,689,511Source | 7,727,949Source | 5,979,355Source | 4,152,802Source |
| InterestIncomeOperatingPaidInKindUSD | 2,149,390Source | 1,980,728Source | 1,225,773Source | 739,355Source |
| Investment Income, InterestUSD | 176,668Source | 2,356Source | 933Source | 131Source |
| InvestmentIncomeOperatingAfterExpenseAndTaxUSD | 5,288,911Source | 3,425,077Source | 2,967,733Source | 4,430,410Source |
| Management Fee ExpenseUSD | 830,630Source | 1,212,160Source | 1,057,166Source | 927,226Source |
| Net Investment IncomeUSD | 5,286,221Source | 3,722,003Source | 3,159,844Source | 4,645,952Source |
| Operating ExpensesUSD | 1,188,671Source | 4,837,282Source | 4,178,319Source | 1,119,229Source |
| Other ExpensesUSD | — | — | — | 1,141Source |
| Realized Investment Gains (Losses)USD | — | 11,124,864Source | 1,051,079Source | 705,493Source |
Filing attachments
ex99-1.htm · 8-K · 2026-08-05
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 NEWS RELEASE 14 Lafayette Square, Suite 1405 ● Buffalo, New York 14203 FOR IMMEDIATE RELEASE Rand Capital Reports Second Quarter Fiscal Year 2026 Results Total investment income was $1.4 million compared with $1.6 million in the prior-year period, primarily reflecting the impact of non-accruals Net asset value (NAV) per share was $17.33 at June 30, 2026 Realized gain of $959,000 during the quarter from portfolio exit Deploye…
Read attachment ↗ex99-1.htm · 8-K · 2026-05-06
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 14 Lafayette Square, Suite 1405 ● Buffalo, New York 14203 FOR IMMEDIATE RELEASE Rand Capital Reports First Quarter Fiscal Year 2026 Results Total investment income was $1.2 million compared with $2.0 million in the prior-year period, primarily reflecting lower interest and fee income and the impact of non-accruals Net asset value (NAV) per share was $17.16 at March 31, 2026 Realized gain of $1.1 million during the quarter from p…
Read attachment ↗ex99-1.htm · 8-K · 2026-03-05
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 14 Lafayette Square, Suite 1405 ● Buffalo, New York 14203 FOR IMMEDIATE RELEASE Rand Capital Reports Fourth Quarter and Full Year 2025 Results Ended the year with more than $23 million in total liquidity and no debt outstanding, providing substantial balance sheet flexibility for future investments Total investment income was $1.3 million for the fourth quarter and $6.5 million for full year 2025, reflecting the impact of portfolio re…
Read attachment ↗ex99-1.htm · 8-K · 2025-11-07
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 14 Lafayette Square, Suite 1405 ● Buffalo, New York 14203 FOR IMMEDIATE RELEASE Rand Capital Reports Third Quarter 2025 Results Total investment income was $1.6 million, a decrease from the prior-year period, primarily due to portfolio repayments and a slowdown in deal originations Net investment income was $993,000, or $0.33 per share, compared with $887,000, or $0.34 per share, in third quarter of 2024 Received $8.3 million in loa…
Read attachment ↗ex99-1.htm · 8-K · 2025-08-04
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 14 Lafayette Square, Suite 1405 • Buffalo, New York 14203 FOR IMMEDIATE RELEASE Rand Capital Reports Second Quarter 2025 Results Total investment income was $1.6 million, a 25% decrease from the prior-year period, primarily due to portfolio repayments and market slowdown in deal originations Net investment income rose to $2.5 million, or $0.83 per share, largely driven by a non-cash capital gains incentive fee adjustment related to a …
Read attachment ↗ex99-1.htm · 8-K · 2025-05-05
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 NEWS RELEASE 14 Lafayette Square, Suite 1405 ● Buffalo, New York 14203 FOR IMMEDIATE RELEASE Rand Capital Reports Increase in Net Investment Income for First Quarter 2025 Total investment income was $2.0 million, a 3% decrease from the prior-year period, primarily due to the repayment of three debt instruments, partially offset by higher fee income Total expenses declined 36% year-over-year, reflecting lower interest expense fro…
Read attachment ↗