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Rand Capital Corporation

RAND Financial Asset Management

Rand Capital Corporation’s revenue for fiscal 2025 (year ended December 2025) was $6.5 million, down 24.4% from fiscal 2024. In the quarter to June 2026, revenue fell 13.0%, EPS grew 117.7% and free cash flow fell 1,146.8%, each against the same quarter a year earlier.

9.74 0.19 +1.99%
Market cap
$28.4M
P/E
0.0×
Fwd P/E
12.2×
Dividend yield
8.93%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 76.09%

Capital & Financial Ratios $m

Market Cap 28.36
Revenue 5.50
Net Income (0.15)
Free Cash Flow (3.98)
Net Debt (51.83)
Current Ratio 90.74
Debt/Equity 0.10
P/E ratio 0.00
Fwd P/E 12.20
P/S ratio 5.26
P/B ratio 0.56
Past 5Y EPS Growth —
This Y EPS Growth 840.10% (at or above 15%: strong)
Next Y EPS Growth —
Next Y revenue growth 340,176.23% (at or above 10%: strong)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 14.63%
10-year low 10-year high
P/B against its own 10 years 24.22%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.87
Annual Dividend Yield 8.93%
total individual payouts
2026 0.87
0.29
0.29
0.29
2025 2.94
0.29
0.29
0.29
0.56
2024 0.83
0.25
0.29
0.29
2023 0.70
0.20
0.25
0.25
0.38
2022 0.83
0.15
0.15
0.15
0.38
2021 0.40
0.10
0.10
0.10
0.10
2020 4.25
2.92
1.33
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 80 72 53 57
Receivables 0 0 0 0
Inventory — — — —
Other — — — —
81 72 53 57
2023 2024 2025 Q'26
Payables 3 4 1 1
ST’ Debt — — — —
Other — 2 — —
3 6 1 1

Compound Annual Growth %

10y 5y 3y
Sales 8.65% 15.85% 3.95%
Cash Flow 0.00% 0.00% 254.58%
Earnings 0.00% 0.00% 0.00%
Book Value 4.42% 2.51% (3.31%)

Revenue $m

Mar Jun Sep Dec Year
’26 1 1 — — —
’25 2 2 2 1 6
’24 2 2 2 2 9
’23 2 2 2 2 7
’22 1 1 2 2 6
’21 1 1 1 1 4
’20 1 1 1 1 3
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (4) — — —
’25 8 0 6 (3) 11
’24 (5) 4 15 1 15
’23 (4) 4 (7) (1) (8)
’22 0 1 0 (1) 0
’21 (2) (2) 1 (1) (4)
’20 3 (2) (3) 1 (1)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (4) — — —
’25 8 0 6 (3) 11
’24 (5) 4 15 1 15
’23 (4) 4 (7) (1) (8)
’22 0 1 0 (1) 0
’21 (2) (2) 1 (1) (4)
’20 3 (2) (3) 1 (1)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.12) 0.46 — — —
’25 0.29 (2.60) (0.75) 0.37 (2.73)
’24 0.54 3.00 1.02 (1.14) 3.42
’23 0.84 1.04 0.23 0.42 2.53
’22 (0.16) (0.73) 0.43 0.12 (0.34)
’21 3.11 1.74 0.90 0.37 6.12
’20 0.27 0.20 0.10 (0.14) 0.33
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 27.45 24.75 18.45 19.26 10.25 14.06 13.04 12.50 12.81 10.56

Analyst estimates 2026–2028

Powerpack
High 47.25 31.50 28.62 32.40 37.08 26.98 18.80 14.55 24.10 31.89
People
People Employees 4 4 4 4 4 5 — — — —
Revenue/emp, $m 0.26 0.36 0.53 0.68 0.78 0.82 0.00 0.00 0.00 0.00
Income, $m
Income, $m Revenue 1 1 2 3 3 4 6 7 9 6
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
EBT (2) (1) 0 0 1 (3) 5 3 4 5
EBT margin, % (229.60) (38.23) (4.11) (1.69) 36.35 (63.64) 80.59 43.06 43.48 81.64
Net income (1) (1) 0 (2) 1 16 (1) 7 9 (8)
Depreciation 0 0 0 0 0 0 0 0 0 0
Per share, $
Per share, $ Revenue 1.47 2.07 3.00 3.26 1.37 1.58 2.23 2.84 3.32 2.20
Earnings (1.71) (0.99) (0.54) (2.70) 0.33 6.12 (0.34) 2.53 3.42 (2.73)
Cash flow 9.19 (8.57) (4.13) 5.67 (0.27) (1.53) 0.10 (3.23) 5.94 3.82
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Free cash flow 9.19 (8.57) (4.13) 5.67 (0.27) (1.53) 0.10 (3.23) 5.94 3.82
Book value 46.43 45.44 44.91 64.07 20.33 23.54 22.36 23.56 25.31 17.72
Shares, m 1 1 1 1 2 3 3 3 3 3
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 40.93 2.78 0.00 5.13 5.63 0.00
P/S 19.62 13.04 7.50 7.41 12.86 10.76 6.19 4.56 5.80 5.17
P/B 0.62 0.59 0.50 0.38 0.87 0.72 0.62 0.55 0.76 0.64
EV/Sales (11.35) (8.06) (6.81) (11.69) (3.12) (2.50) (4.28) (4.18) (2.50) (2.88)
EV/FCF (1.82) 1.94 4.93 (6.74) 15.33 2.58 (103.33) 3.67 (1.39) (1.66)
Cash, $m
Cash, $m Operating cash flow 6 (6) (3) 5 (1) (4) 0 (8) 15 11
Capex 0 — — — — — — — — —
Free cash flow 6 (6) (3) 5 (1) (4) 0 (8) 15 11
Balance, $m
Balance, $m Working capital 38 39 40 63 57 61 60 77 66 53
Total debt 8 8 9 11 11 — 3 16 1 —
Net debt (32) (31) (30) (52) (50) (65) (60) (64) (71) (53)
Shareholders’ equity 33 32 32 54 46 61 58 61 65 52
Returns, %
Returns, % ROA (2.77) (1.72) (0.98) (4.35) 1.18 24.95 (1.37) 9.03 11.50 (12.80)
ROIC (218.85) (28.31) (3.93) (1.82) 0.00 0.00 0.00 0.00 0.00 0.00
ROE (3.62) (2.20) (1.24) (5.38) 1.49 29.57 (1.49) 11.01 14.00 (13.68)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Rand Capital Corporation vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TGE The Generation Essentials Group $40.3M — — — — — — — Compare
RMCO Royalty Management Holding Corporation $35.8M — (loss-making) — +38.02% (above 0%: growing) n/m −450.54% (below 0%: shrinking) 8.35% (4.95%) Compare
MLCI Mount Logan Capital Inc. $35.5M — (loss-making) — −48.94% (below 0%: shrinking) n/m −1,001.65% (below 0%: shrinking) 100.00% (17.13%) Compare
GROW U.S. Global Investors, Inc. $33.5M 10.5× 6.2× +39.11% (above 0%: growing) n/m +1,453.33% (above 0%: growing) 100.00% (3.23%) Compare
RAND Rand Capital Corporation $28.4M — (loss-making) 12.2× −12.98% (below 0%: shrinking) n/m −1,146.76% (below 0%: shrinking) 100.00% 58.77%
FGC FG Communities Holdings Inc. $26.7M — (loss-making) — (loss-making) +16.91% (above 0%: growing) n/m +3,942.85% (above 0%: growing) 100.00% (886.36%) Compare
INV Innventure, Inc. $25.6M — (loss-making) — +100.21% (above 0%: growing) n/m −16.26% (below 0%: shrinking) (432.32%) (3,304.09%) Compare
AMTD AMTD IDEA Group $24.1M 0.5× — (loss-making) +90.59% (above 0%: growing) −31.02% (below 0%: shrinking) — 0.00% 0.00% Compare
BENF Beneficient $20.7M — (loss-making) 6.3× +196.37% (above 0%: growing) n/m +62.45% (above 0%: growing) 100.00% 34.47% Compare
Median of peers $30.1M — — +39.11% — +23.10% 100.00% (4.95%)

All 120 Asset Management stocks →

Rand Capital Corporation (RAND) key facts

  • Concern: Rand Capital Corporation’s revenue for fiscal 2025 (year ended December 2025) was $6.5 million, down 24.4% from fiscal 2024.
  • Concern: Rand Capital Corporation reported a net loss of $8.0 million, or a loss of $2.73 per share, for fiscal 2025.
  • Rand Capital Corporation (RAND) is an Asset Management company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, RAND traded at $9.74, a market capitalization of $28.4 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 5.3× sales.
  • Rand Capital Corporation pays an annual dividend of $0.87 per share, a yield of 8.93%.
  • Return on equity was −13.7% and debt-to-equity 0.10.
  • Its Piotroski F-score is 4 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Rand Capital Corporation (RAND) Latest News

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stockrow.com/RAND · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com