Rand Capital Corp (RAND) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RAND SEC filings page.
This page shows Rand Capital Corp (RAND) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025's loss coexisted with positive operating cash flow, while a smaller asset base and sharply lower liabilities changed the financing profile.
In FY2025, a net loss of$8.0M coexisted with operating cash flow of$11.3M , reversing FY2024's net income of$8.8M and operating cash flow of$15.3M . That earnings-cash gap suggests noncash investment or valuation effects influenced reported results more than cash collections did.
Total assets fell from
FY2025 financing cash flow was an outflow of
Financial Health Signals
Rand Capital Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Rand Capital Corp passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass.
Rand Capital Corp reported a net loss of $8.0M while generating $11.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Rand Capital Corp reported $1.4M in net income in Q2 2026. This represents an increase of 117.7% from the same quarter a year earlier. Against the prior quarter it is up 471.8%.
Rand Capital Corp earned $0.46 per diluted share (EPS) in Q2 2026. This represents an increase of 117.7% from the same quarter a year earlier. Against the prior quarter it is up 483.3%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Rand Capital Corp held $430K in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Rand Capital Corp's ROE was 2.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 16.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.4 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
RAND Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K/A | Q3'2510-K/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-K/A |
|---|---|---|---|---|---|---|---|---|
| Interest Expense | $72K+185.1% | $30K-18.8% | N/A | $25K-89.6% | $25K-93.5% | $36K-90.6% | N/A | $245K-15.7% |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$3K-101.9% |
| Net Income | $1.4M+117.7% | -$367K-143.7% | $1.1M+136.9% | -$2.2M-184.6% | -$7.7M-200.0% | $841K-39.9% | -$2.9M-370.5% | $2.6M+342.7% |
| EPS (Basic) | $0.46+117.7% | -$0.12-141.4% | $0.37+132.5% | -$0.75-173.5% | -$2.60-186.7% | $0.29-46.3% | -$1.14-371.4% | $1.02+343.5% |
| EPS (Diluted) | $0.46+117.7% | -$0.12-141.4% | $0.37+132.5% | -$0.75-173.5% | -$2.60-186.7% | $0.29-46.3% | -$1.14-371.4% | $1.02+343.5% |
| Diluted Shares (Avg) | 3M0.0% | 3M+3.5% | N/A | 3M+15.1% | 3M+15.1% | 3M+11.2% | N/A | 3M0.0% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
RAND Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K/A | Q3'2510-K/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-K/A |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $57.7M0.0% | $52.5M-22.6% | $53.2M-26.6% | $54.6M-31.6% | $57.6M-36.5% | $67.8M-19.6% | $72.5M-10.6% | $79.8M+1.0% |
| Cash & Equivalents | $430K-90.3% | $331K-93.3% | $4.2M+404.2% | $9.5M+183.1% | $4.4M+92.7% | $4.9M+549.8% | $835K-74.7% | $3.4M-3.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $61K+204.6% | N/A | $0-100.0% | $21K | $20K | $20K | $23K | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $6.2M+569.9% | $1.6M-37.9% | $1.0M-85.8% | $958K-89.8% | $926K-95.8% | $2.5M-89.0% | $7.1M-64.7% | $9.4M-47.1% |
| Total Equity | $51.5M-9.3% | $51.0M-22.0% | $52.2M-20.1% | $53.6M-23.9% | $56.7M-17.3% | $65.3M+6.1% | $65.3M+7.4% | $70.4M+14.8% |
| Retained Earnings | -$11.3M-86.7% | -$11.8M-569.6% | -$10.6M-517.6% | -$9.2M-157.5% | -$6.1M-143.2% | $2.5M-64.3% | $2.5M-59.7% | $15.9M+42.5% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
RAND Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K/A | Q3'2510-K/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-K/A |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.6M-1146.8% | -$3.5M-145.5% | -$2.8M-452.6% | $5.9M-60.7% | $348K-91.9% | $7.7M+259.7% | $782K+173.9% | $15.1M+306.1% |
| Depreciation & Amortization | $6K0.0% | $6K0.0% | $6K0.0% | $6K0.0% | $6K0.0% | $6K0.0% | $6K0.0% | $6K0.0% |
| Financing Cash Flow | $3.7M+534.2% | -$361K+90.1% | -$2.5M+23.5% | -$861K+93.9% | -$861K+68.7% | -$3.6M-257.5% | -$3.3M-477.6% | -$14.0M-672.3% |
| Dividends Paid | $861K0.0% | $861K-71.6% | $2.5M | $861K+15.1% | $861K+15.1% | $3.0M+369.7% | $0-100.0% | $748K+16.0% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Share Buybacks.
RAND Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K/A | Q3'2510-K/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-K/A |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 2.7%+16.3pp | -0.7%-2.0pp | 2.1%+6.6pp | -4.2%-7.9pp | -13.6%-24.9pp | 1.3%-1.0pp | -4.5%-6.3pp | 3.7%+2.8pp |
| Return on Assets | 2.4%+15.8pp | -0.7%-1.9pp | 2.0%+6.1pp | -4.1%-7.4pp | -13.4%-21.9pp | 1.2%-0.4pp | -4.1%-5.4pp | 3.3%+2.6pp |
| Debt-to-Equity | 0.12+0.1x | 0.030.0x | 0.02-0.1x | 0.02-0.1x | 0.02-0.3x | 0.04-0.3x | 0.11-0.2x | 0.13-0.2x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Rand Capital Corp RAND | FY2025 | N/A | -$8.0M | N/A | $28.5M | — |
| Investcorp Credit Management BDC, Inc. ICMB | FY2025 | N/A | -$8.8M | N/A | $10.0M | — |
| The Marygold Companies, Inc. MGLD | FY2026 | $25.3M | -$4.4M | -17.3% | $86.5M | 37/100 |
Where Rand Capital Corp Ranks
Frequently Asked Questions
Is Rand Capital Corp profitable?
No, Rand Capital Corp (RAND) reported a net income of -$8.0M in fiscal year 2025.
What is Rand Capital Corp's return on equity (ROE)?
Rand Capital Corp (RAND) has a return on equity of -15.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Rand Capital Corp's operating cash flow?
Rand Capital Corp (RAND) generated $11.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Rand Capital Corp's total assets?
Rand Capital Corp (RAND) had $53.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Rand Capital Corp's debt-to-equity ratio?
Rand Capital Corp (RAND) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rand Capital Corp's return on assets (ROA)?
Rand Capital Corp (RAND) had a return on assets of -15.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Rand Capital Corp's P/E ratio?
Rand Capital Corp (RAND) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $28.5M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Rand Capital Corp's price-to-sales ratio?
Rand Capital Corp (RAND) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $28.5M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Rand Capital Corp's Piotroski F-Score?
Rand Capital Corp (RAND) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rand Capital Corp's earnings high quality?
Rand Capital Corp (RAND) reported a net loss of $8.0M while generating $11.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.