RAND CAPITAL CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Operating expenses | $1.2M | $4.8M | $4.2M | $1.1M | $6.7M |
| Pretax income | — | — | $3.5M | $3.7M | — |
| Income tax expense | — | — | $192,111 | $215,542 | $10,896 |
| Net income | -$8.0M | $8.8M | $6.5M | -$881,849 | $15.8M |
| Balance Sheet | |||||
| Cash and equivalents | $4.2M | $834,805 | — | — | — |
| Total assets | $53.2M | $72.5M | $81.0M | $63.5M | — |
| Total liabilities | $1.0M | $7.1M | $20.2M | $5.8M | — |
| Stockholders' equity | $52.2M | $65.3M | $60.8M | $57.7M | $60.7M |
| Cash Flow Statement | |||||
| Cash from operations | $11.3M | $15.3M | -$8.3M | $252,368 | -$3.9M |
| Depreciation and amortization | $25,000 | $25,000 | $25,000 | $12,500 | $175,412 |
| Dividends paid | $7.3M | $2.1M | $3.4M | $2.1M | $4.6M |
| Share repurchases | — | — | — | — | $20,771 |
Shares outstanding 3.0M · Free float 31.8%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.