Every 10-Q that FIRSTHAND TEC VAL FUND (SVVC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SVVC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SVVC filings page.
Firsthand Technology Value Fund, Inc. reports that as of June 30, 2026, total assets of $148,694 are far below total liabilities of $595,775, resulting in negative net assets of $(447,081) and a net asset value per share of $0.00. The fair value of the investment portfolio is only about $148,635 versus a federal income tax cost of $89.9 million, reflecting very large cumulative unrealized depreciation.
The portfolio is highly illiquid and concentrated in Level 3 positions, mainly UCT Coatings common stock ($141,197) and IntraOp Medical convertible and term notes ($3,535). For the six months ended June 30, 2026, the fund recorded a net investment loss of $197,524 and a total decrease in net assets from operations of $211,953. Management discloses that liabilities exceeding assets, continuing losses, and lack of operating cash flows raise substantial doubt about the fund’s ability to continue as a going concern, and outlines potential plans such as asset sales, liquidation, capital infusions and cost reductions.
Firsthand Technology Value Fund (SVVC) filed its Q3 2025 report, showing a sharp decline in assets. Net assets were $296,547 and net asset value (NAV) per share was $0.04 as of September 30, 2025, with 6,893,056 shares outstanding. Based on NAV, total return for the period was (73.33)%.
Operations were pressured by expenses far exceeding income. For the nine months, investment income was $179,140 while total net expenses were $786,161, leading to a net investment loss of $607,021 and a net decrease in net assets from operations of $764,132. The portfolio’s market value was $256,934, with Level 3 and restricted securities comprising 66.7% of net assets.
Holdings were highly concentrated: UCT Coatings common stock was valued at $171,528 (57.8% of net assets) and EQX Capital Series A preferred at $23,173 (7.8%). The Fidelity Treasury money market position was $59,009 (19.9%). Many legacy investments, including certain equity and preferred positions, were marked near or at zero.