Welcome to our dedicated page for Rand Capital SEC filings (Ticker: RAND), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Tracking changes in Rand Capital’s net asset value across dozens of private holdings can feel like navigating alphabet soup. Each quarterly 10-Q details new fair-value marks, incentive fee accruals, and leverage ratios, while 8-K updates surface material events that may affect dividends. When you also need to monitor Rand Capital insider trading Form 4 transactions and reconcile them with management’s fee structure disclosed in the proxy, the research load escalates quickly.
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Rand Capital Corporation reported third-quarter 2025 results. Net asset value was $18.06 per share, with total stockholders’ equity of $53.62 million as of September 30, 2025. Quarterly net investment income was $0.99 million on $1.58 million of total investment income, while expenses were $0.60 million.
Results were driven by a $3.22 million net realized and unrealized loss on investments for the quarter, leading to a net decrease in net assets from operations of $2.23 million. Year-to-date, net investment income was $4.69 million offset by $13.81 million of realized and unrealized losses, resulting in a $9.13 million decrease in net assets from operations. The investment portfolio’s fair value was $44.33 million (all Level 3 and restricted), and cash increased to $9.49 million. The company had no balance on its line of credit at quarter-end.
Rand Capital Corporation furnished an update on its third-quarter results. On November 7, 2025, the company announced it issued a press release covering financial results for the quarter ended September 30, 2025, furnished as Exhibit 99.1 to this report under Item 2.02.
The company also updated its earnings conference call slide presentation for the same period and will make it available on its website under Investors. The Item 2.02 information is furnished, not deemed filed under the Exchange Act.
Rand Capital Corp. director Adam Samuel Gusky reported multiple purchases of RAND common stock on 09/15/2025. The shares were acquired through AG Energy, LLC, which Mr. Gusky controls, so the holdings are reported as indirect. Transaction prices ranged from $14.55 to $15.00 per share across several lots (sizes include 10, 25, 100, 200 and 250 shares). Following the reported transactions, the beneficial ownership reported on the form reached 33,546 shares. The Form 4 was signed on 09/16/2025.