Firsthand Technology Value Fund Announces Third Quarter Financial Results, NAV of $0.04 Per Share

Rhea-AI Summary

Firsthand Technology Value Fund (OTCQB: SVVC) reported results for the quarter ended September 30, 2025: net assets $296,547 or $0.04 per share, down from approximately $0.7 million or $0.11 per share as of June 30, 2025. As of 9/30/25 the portfolio included public and private securities valued at $256,934 (≈$0.04 per share) and cash and cash equivalents of $59,009 (≈$0.01 per share).

For Q3 2025 the Fund reported total investment income $2,314, a net investment loss of $430,629, and net realized and unrealized losses of $20,083. Total assets were $811,382, total liabilities $514,835, with 6,893,056 shares outstanding.

Positive

• Portfolio fair value of $256,934 (≈$0.04/share)
• Cash and cash equivalents of $59,009 (≈$0.01/share)

Negative

• Net investment loss of $430,629 for Q3 2025
• Net assets per share fell from $0.11 to $0.04 since 6/30/25
• Net realized and unrealized losses of $20,083 in Q3 2025

SAN JOSE, Calif., Nov. 14, 2025 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (OTCQB: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the quarter ended September 30, 2025.

As of September 30, 2025, the Fund’s net assets were $296,547, or $0.04 per share, compared with net assets of approximately $0.7 million, or $0.11 per share as of June 30, 2025. As of September 30, 2025, the Fund’s portfolio included public and private securities valued at $256,934, or $0.04 per share, which includes approximately $0.01 per share in cash and cash equivalents.

Portfolio Summary (as of 9/30/25)

Investment	Fair Value1,		Fair Value per Share1,2
Equity/Debt Investments	$197,925		$0.03
Cash/Cash Equivalents	$59,009		$0.01
Other Assets	$554,448		$0.08
Total Assets	$811,382		$0.12
Total Liabilities	$514,835		$0.07
Net Assets	$296,547		$0.04
1 Numbers may not sum due to rounding. 2 Total shares outstanding: 6,893,056.

During the third quarter of 2025, the Valuation Committee, which was composed of two independent directors, adjusted the fair values of the private companies in our portfolio. In arriving at these determinations and consistent with the Fund’s valuation procedures, and ASC 820, the Valuation Committee took into account information from an independent valuation firm and considered many factors, including the performance of the portfolio companies, recent transactions in the companies’ securities, as well as the impact of changes in market multiples within certain sectors.

For the quarter ended September 30, 2025, the Fund reported total investment income of $2,314. After fees and expenses, the Fund reported a net investment loss of $430,629. The Fund reported net realized and unrealized losses on investments of $20,083 for the quarter.

Throughout the quarter, the Fund continued its efforts to manage its portfolio prudently, including working with its portfolio companies and their management teams to seek to enhance performance and uncover potential exit opportunities.

About Firsthand Technology Value Fund
Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies. More information about the Fund and its holdings can be found online at www.firsthandtvf.com.

The Fund is a non-diversified, closed-end investment company that elected to be treated as a business development company under the Investment Company Act of 1940. The Fund’s investment objective is to seek long-term growth of capital. Under normal circumstances, the Fund will invest at least 80% of its total assets for investment purposes in technology and cleantech companies. An investment in the Fund involves substantial risks, some of which are highlighted below. Please see the Fund’s public filings for more information about fees, expenses and risk. Past investment results do not provide any assurances about future results. 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the Fund’s historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions, regulatory and legal changes, technology and cleantech industry risk, valuation risk, non-diversification risk, interest rate risk, tax risk, and other risks discussed in the Fund’s filings with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained. We acknowledge that, notwithstanding the foregoing, the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995 does not apply to investment companies such as us.

Contact:

Phil Mosakowski
Firsthand Capital Management, Inc.
(408) 624-9526
vc@firsthandtvf.com

FAQ

What is Firsthand Technology Value Fund's NAV per share as of September 30, 2025 (SVVC)?

The Fund reported a net asset value of $0.04 per share as of 9/30/2025.

How much cash did SVVC hold on 9/30/2025 and what was that per share?

SVVC held $59,009 in cash and cash equivalents, about $0.01 per share.

What net investment result did SVVC report for Q3 2025?

The Fund reported a net investment loss of $430,629 for the quarter ended 9/30/2025.

How did SVVC's net assets change from June 30, 2025 to September 30, 2025?

Net assets declined from approximately $0.11 per share on 6/30/2025 to $0.04 per share on 9/30/2025.

What were SVVC's total assets and liabilities as of September 30, 2025?

Total assets were $811,382 and total liabilities were $514,835 as of 9/30/2025.

How many shares outstanding did SVVC report on 9/30/2025?

The Fund reported 6,893,056 shares outstanding as of 9/30/2025.