RAND · CIK 0000081955
RAND CAPITAL CORPORATION
Annual figures as reported, FY2020–FY2025. Ratios and growth rates derived on-page.
RAND CAPITAL CORP
Company profile
Net income
−$8.0M
▼ −191.1% vs FY2024
Operating cash flow
$11.3M
▼ −26.6% vs FY2024
Diluted EPS
−$2.73
▼ −179.8% vs FY2024
Net income
Losses shown in terracotta
Recent quarters
momentum · last 12 quartersNet income — Mar ’26 quarter
−$367K
▼ −143.7% vs Mar ’25
Diluted EPS — trailing 12 months
−$3.10
▼ −197.8% vs Mar ’25
Quarterly net income
Losses shown in terracotta
| Quarter | Revenue | Rev. YoY | Gross margin | Net income | Net margin | Diluted EPS |
|---|---|---|---|---|---|---|
| Mar ’26 | — | — | — | −$367K | — | −$0.12 |
| Dec ’25 | — | — | — | $1.1M | — | $0.37 |
| Sep ’25 | — | — | — | −$2.2M | — | −$0.75 |
| Jun ’25 | — | — | — | −$7.7M | — | −$2.60 |
| Mar ’25 | — | — | — | $841K | — | $0.29 |
| Dec ’24 | — | — | — | −$2.9M | — | −$1.14 |
| Sep ’24 | — | — | — | $2.6M | — | $1.02 |
| Jun ’24 | — | — | — | $7.7M | — | $3.00 |
Profitability & returns
quality of earningsReturns on capital
Net income vs year-end equity and assets
Return on equityReturn on assets
Cash flow
cash generationOperating cash flow
Net cash from operations
Shareholder returns
capital allocationCapital returned
Cash paid out as dividends and share repurchases
Dividends paid
Diluted shares outstanding
Falling count means buybacks outpace dilution
Balance sheet
financial positionStockholders’ equity
At fiscal year end
Key ratios
derived per fiscal year| Fiscal year | ROE | ROA |
|---|---|---|
| FY2025 | −15.4% | −15.1% |
| FY2024 | 13.5% | 12.2% |
| FY2023 | 10.7% | 8.1% |
| FY2022 | −1.5% | −1.4% |
| FY2021 | 26.0% | — |
| FY2020 | — | — |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | — | — | — | −$8.0M | −$2.73 | $11.3M | — | $53.2M | $1.0M | $52.2M | $4.2M | — |
| FY2024 | — | — | — | $8.8M | $3.42 | $15.3M | — | $72.5M | $7.1M | $65.3M | $835K | — |
| FY2023 | — | — | — | $6.5M | $2.53 | −$8.3M | — | $81.0M | $20.2M | $60.8M | $3.3M | — |
| FY2022 | — | — | — | −$882K | −$0.34 | $252K | — | $63.5M | $5.8M | $57.7M | $1.4M | — |
| FY2021 | — | — | — | $15.8M | $6.12 | −$3.9M | — | — | — | $60.7M | $834K | — |
| FY2020 | — | — | — | — | — | — | — | — | — | $46.1M | $20.4M | — |
Latest filings
the most recent regulatory filings8-KCurrent report — material event2026-05-06 ↗10-QQuarterly report2026-05-06 ↗8-KCurrent report — material event2026-04-23 ↗10-K/AAnnual report2026-03-31 ↗ARSSEC filing2026-03-13 ↗DEF 14AProxy statement2026-03-13 ↗40-17F2SEC filing2026-03-12 ↗8-KCurrent report — material event2026-03-05 ↗10-KAnnual report2026-03-05 ↗APP ORDRSEC filing2025-11-14 ↗
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