marketcaparena

RAND

RAND CAPITAL CORP

Company overview

Market capitalization
$29.70M
Employees
0
Latest publication
2026-09-29
About RAND CAPITAL CORP

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses. It does not prefer to invest in real estate sector. It prefers to invest in software, professional services, manufacturing, consumer, healthcare, automotive and public d stocks. It prefers to invest in East or Midwest U.S. operations sectors. It typically invests between $0.75 million and $5 million with initial target size of $1.5 million. It seeks to invest in companies having more than $10 million in revenue or having excess of $1.5 million and up to $5 million in EBITDA. It prefers to be a minority stake and seeks to take a Board seat in its portfolio companies. It typically holds its investments for a period up to five years.

Company website

Financial statements

Income Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
Total Revenue2,315,420USD1,285,752USD1,579,623USD-7,339,740USD1,337,971USD-2,355,072USD2,982,512USD8,427,445USD
Cost Of Revenue252,895USD239,591USD—25,417USD36,486USD61,480USD245,006USD393,172USD
Gross Profit2,062,525USD1,046,161USD1,579,623USD-7,365,157USD1,301,485USD-2,416,552USD2,737,506USD8,034,273USD
Selling General Administrative274,322USD308,862USD562,537USD382,775USD457,698USD338,606USD288,441USD295,938USD
Unclassified Operating Expenses2,125,206USD———————
Total Operating Expenses2,399,528USD-221,830USD570,787USD382,775USD457,698USD338,606USD288,441USD295,938USD
Operating Income-337,003USD1,267,991USD1,008,836USD-7,747,932USD843,787USD-2,755,158USD2,449,065USD7,738,335USD
Interest Income1,196,560USD1,128,890USD1,498,622USD1,551,118USD1,687,549USD1,973,664USD1,945,708USD1,995,371USD
Interest Expense29,610USD25,209USD25,416USD25,417USD36,486USD61,480USD245,006USD393,172USD
Net Interest Income1,166,950USD1,103,681USD1,473,206USD1,525,701USD1,651,063USD1,912,184USD1,700,702USD1,602,199USD
Income Before Tax-366,613USD1,242,782USD-2,240,353USD-7,747,932USD843,787USD-2,755,158USD2,449,065USD7,738,335USD
Income Tax Expense856USD156,501USD-9,159USD-11,778USD2,340USD190,900USD-187,451USD562USD
Tax Provision856USD156,501USD-4,418USD-11,778USD2,340USD190,900USD-187,451USD562USD
Net Income-367,469USD1,086,281USD-2,231,194USD-7,736,154USD841,447USD-2,946,058USD2,636,516USD7,737,773USD
Net Income From Continuing Ops-367,469USD1,086,281USD-2,231,194USD-7,736,154USD841,447USD-2,946,058USD2,636,516USD7,737,773USD
Ebit-337,003USD1,267,991USD1,008,836USD-7,747,932USD843,787USD-2,755,158USD2,449,065USD7,738,335USD
Ebitda-330,753USD1,274,241USD1,015,086USD-7,741,682USD850,037USD-2,748,908USD2,455,315USD7,744,585USD
Depreciation And Amortization6,250USD6,250USD6,250USD6,250USD6,250USD6,250USD6,250USD6,250USD
Reconciled Depreciation6,250USD6,250USD6,250USD6,250USD6,250USD6,250USD6,250USD6,250USD
Total Other Income Expense Net-29,610USD-25,209USD-3,249,189USD-25,417USD-409,538USD3,466,763USD-245,006USD7,879,287USD
Selling And Marketing Expenses——8,250USD——135,243USD—10,380USD
Other Operating Expenses——570,787USD—————
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Income Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
Total Revenue4,473,579USD11,219,171USD9,139,778USD682,436USD17,208,119USD3,456,980USD-587,281USD1,767,577USD
Cost Of Revenue-298,242USD1,089,678USD1,044,831USD69,960USD617,270USD416,760USD408,039USD311,000USD
Gross Profit4,771,821USD10,129,493USD8,094,947USD612,476USD16,590,849USD3,040,220USD-995,320USD1,456,577USD
Selling General Administrative942,389USD1,344,926USD1,271,622USD1,170,803USD994,901USD968,699USD1,351,747USD883,355USD
Other Operating Expenses12,355,852USD———————
Total Operating Expenses12,654,094USD1,344,926USD1,271,622USD1,170,803USD994,901USD968,699USD2,162,194USD1,757,672USD
Operating Income-7,882,273USD8,784,567USD6,823,325USD-558,327USD15,595,948USD2,071,521USD-3,157,514USD-301,095USD
Interest Income5,866,179USD7,730,305USD5,980,288USD4,152,933USD3,031,510USD2,549,727USD1,687,096USD1,536,354USD
Interest Expense112,528USD1,089,678USD1,044,831USD69,960USD617,270USD416,760USD408,039USD311,000USD
Net Interest Income5,753,651USD6,640,627USD4,935,457USD4,082,973USD2,414,240USD2,132,967USD1,279,057USD1,225,354USD
Income Before Tax-7,994,801USD8,784,567USD6,823,325USD-558,327USD15,595,948USD2,071,521USD-3,157,514USD-301,095USD
Income Tax Expense44,819USD-43,045USD296,675USD323,522USD-201,480USD1,327,755USD-867,844USD93,403USD
Tax Provision44,819USD-43,045USD656,357USD323,522USD-201,480USD1,327,755USD-611,921USD-376,444USD
Net Income-8,039,619USD8,827,612USD6,526,650USD-881,849USD15,797,428USD743,766USD-2,289,670USD-394,498USD
Net Income From Continuing Ops-8,039,620USD8,827,612USD6,526,650USD-881,849USD15,797,428USD743,766USD-2,289,670USD-394,498USD
Ebit-7,882,273USD8,784,567USD6,823,325USD-558,327USD15,595,948USD2,071,521USD-3,157,514USD-301,095USD
Ebitda-7,857,273USD8,809,567USD6,848,325USD-545,827USD15,771,360USD2,109,196USD-3,120,219USD-271,409USD
Depreciation And Amortization25,000USD25,000USD25,000USD12,500USD175,412USD37,675USD37,295USD29,686USD
Reconciled Depreciation25,000USD25,000USD25,000USD12,500USD175,412USD37,675USD37,295USD29,686USD
Total Other Income Expense Net-112,528USD-1,089,678USD2,514,086USD-1,078,470USD-617,270USD2,471,225USD-2,358,348USD-138,891USD
Selling And Marketing Expenses—586,461USD804,700USD3,753USD14,702USD14,546USD67,441USD62,117USD
Research Development——1USD0USD2USD1USD1USD1USD
Net Income Applicable To Common Shares———-881,849USD15,797,428USD743,766USD-2,289,670USD-394,498USD
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Balance sheet Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Total Assets57,660,666USD52,514,626USD53,195,312USD54,579,788USD57,639,539USD67,821,430USD72,457,433USD79,798,119USD
Cash And Equivalents429,639USD———————
Total Liabilities6,200,779USD———————
Total Stockholder Equity51,459,887USD50,954,855USD52,183,453USD53,621,514USD56,713,954USD65,311,253USD65,332,520USD70,446,636USD
Total Equity Including Noncontrolling Interest51,459,887USD———————
Common Stock303,771USD303,771USD303,771USD303,771USD303,771USD303,771USD264,892USD264,892USD
Retained Earnings-11,340,436USD-11,845,468USD-10,616,870USD-9,167,156USD-6,074,716USD2,522,583USD2,542,382USD15,947,179USD
Other Current Assets—364,800USD300,329USD392,826USD423,771USD413,264USD346,342USD234,555USD
Total Liab—1,559,771USD1,011,859USD958,274USD925,585USD2,510,177USD7,124,913USD9,351,483USD
Other Current Liab—210,405USD-100,219USD183,536USD509,499USD-45,676USD-2,260,626USD301,881USD
Capital Stock—303,771USD303,771USD303,771USD303,771USD303,771USD264,892USD264,892USD
Other Assets—51,939,114USD—44,788,415USD52,858,025USD62,660,000USD411,003USD633,806USD
Cash—330,550USD4,208,948USD9,490,747USD4,419,813USD4,933,269USD834,805USD3,352,734USD
Cash And Short Term Investments—330,550USD4,208,948USD9,490,747USD4,419,813USD4,933,269USD834,805USD3,352,734USD
Total Current Assets—695,350USD4,509,277USD9,883,573USD5,113,847USD5,602,931USD1,228,389USD4,326,037USD
Total Current Liabilities—632,464USD621,262USD592,201USD548,100USD45,676USD2,260,626USD104,381USD
Current Deferred Revenue—427,307USD—366,073USD377,485USD428,663USD—513,619USD
Net Debt—169,450USD-4,208,948USD-9,490,747USD-4,419,813USD-4,933,269USD-234,805USD547,266USD
Short Long Term Debt Total—500,000USD————600,000USD3,900,000USD
Long Term Investments—51,543,064USD48,480,496USD44,330,872USD52,364,254USD62,157,363USD70,818,041USD75,035,567USD
Net Receivables—244,962USD168,039USD183,737USD270,263USD256,398USD393,584USD738,748USD
Accounts Payable—99,873USD101,975USD64,976USD38,600USD45,676USD2,260,626USD104,381USD
Common Stock Shares Outstanding—2,969,814shares2,945,315shares2,969,814shares2,969,814shares2,869,339shares2,581,021shares2,581,021shares
Non Current Assets Total—51,819,276USD48,686,035USD44,696,215USD52,525,692USD62,218,499USD70,818,041USD75,472,082USD
Non Current Liabilities Total—927,307USD390,597USD366,073USD377,485USD2,464,501USD4,864,287USD9,247,102USD
Non Currrent Assets Other—51,819,276USD48,686,035USD44,579,326USD52,525,692USD62,213,613USD68,315,880USD75,104,317USD
Unclassified Non Current Assets—-103,482,178USD-48,480,496USD-89,002,398USD-105,222,279USD-124,812,477USD-68,726,883USD-75,301,608USD
Unclassified Equity—62,192,781USD62,192,781USD62,181,128USD62,181,128USD62,181,128USD62,260,354USD53,969,673USD
Accumulated Other Comprehensive Income————0USD———
Unclassified Non Current Liabilities—————2,464,501USD4,864,287USD9,247,102USD
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Balance sheet Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
Total Assets53,195,312USD72,457,433USD81,021,982USD63,481,192USD65,644,854USD60,966,942USD64,791,449USD40,521,724USD
Other Current Assets132,290USD346,342USD144,580USD87,301USD-1,133,407USD229,140USD-26,215,073USD-4,190,752USD
Total Liab1,011,859USD7,124,913USD20,206,769USD5,759,872USD51,689USD14,862,112USD11,162,933USD8,997,537USD
Total Stockholder Equity52,183,453USD65,332,520USD60,815,213USD57,721,320USD65,593,165USD46,104,830USD53,628,516USD31,524,187USD
Other Current Liab-100,219USD2,168,058USD979,297USD347,291USD-51,689USD-3,826,230USD-338,437USD-370,758USD
Common Stock303,771USD264,892USD264,892USD264,892USD264,892USD264,892USD1,519,637USD686,304USD
Capital Stock303,771USD264,892USD264,892USD264,892USD264,892USD2,384,547USD1,519,637USD686,304USD
Retained Earnings-10,616,870USD2,542,382USD6,315,756USD7,558,766USD10,367,320USD-4,617,773USD-1,751,249USD-1,665,552USD
Other Assets53,195,312USD411,003USD81,021,982USD58,339,491USD442,985USD229,140USD1,555,584USD1,663,906USD
Cash4,208,948USD834,805USD3,295,321USD1,368,996USD833,875USD20,365,415USD25,815,720USD4,033,792USD
Cash And Short Term Investments4,208,948USD834,805USD3,295,321USD1,368,996USD833,875USD20,365,415USD25,815,720USD4,033,792USD
Total Current Assets4,509,277USD1,574,731USD3,769,591USD1,836,273USD1,133,407USD20,918,441USD26,215,073USD4,190,752USD
Total Current Liabilities621,262USD2,260,626USD1,124,813USD66,680USD51,689USD3,605,490USD338,437USD370,758USD
Net Debt-4,208,948USD-234,805USD12,954,679USD1,181,004USD-833,875USD-9,540,828USD-15,028,807USD4,520,651USD
Long Term Investments48,480,496USD70,818,041USD77,125,712USD61,504,259USD64,068,462USD40,048,501USD37,020,792USD34,666,804USD
Net Receivables168,039USD393,584USD329,690USD379,976USD299,532USD323,886USD399,353USD156,960USD
Accounts Payable101,975USD2,260,626USD145,516USD66,680USD51,689USD3,605,490USD338,437USD370,758USD
Common Stock Shares Outstanding2,945,315shares2,581,021shares2,581,021shares2,581,021shares2,581,707shares2,268,356shares836,892shares702,443shares
Non Current Assets Total48,686,035USD70,882,702USD77,252,391USD61,644,919USD64,068,462USD40,048,501USD37,020,792USD34,667,066USD
Non Current Liabilities Total390,597USD4,864,287USD16,802,256USD5,693,192USD4,238,541USD11,256,622USD10,786,913USD8,626,779USD
Non Currrent Assets Other205,539USD70,880,541USD126,679USD61,616,759USD-181,003USD40,048,501USD-1,204,198USD-34,667,066USD
Unclassified Non Current Assets-53,195,312USD-71,226,883USD-158,235,194USD-120,195,566USD—-40,277,641USD-1,954,937USD-1,820,866USD
Unclassified Equity62,192,781USD62,260,354USD53,969,673USD49,632,770USD54,696,061USD48,073,164USD32,622,823USD7,064,798USD
Short Long Term Debt Total—600,000USD16,250,000USD2,550,000USD—10,824,587USD11,087,764USD8,852,862USD
Unclassified Current Liabilities—-2,168,058USD-16,250,000USD-3,311,262USD—-3,605,490USD——
Unclassified Non Current Liabilities—4,864,287USD16,802,256USD5,166,721USD3,829,654USD10,981,586USD——
Current Deferred Revenue——-16,104,484USD413,971USD408,887USD153,895USD37,583USD72,336USD
Short Term Debt——16,250,000USD2,550,000USD357,198USD3,451,595USD300,854USD298,422USD
Property Plant Equipment Net——77,213,212USD-28,160USD-181,003USD—-1,204,198USD262USD
Accumulated Other Comprehensive Income——0USD0USD0USD0USD21,186,778USD26,221,443USD
Intangible Assets———379,976USD299,532USD—399,353USD156,960USD
Deferred Long Term Liab———112,500USD————
Other Liab———413,971USD408,887USD275,036USD37,583USD72,336USD
Short Term Investments———3,536,207USD30,279,873USD———
Inventory———1USD1USD—1USD—
Net Tangible Assets———57,721,320USD60,745,416USD46,104,830USD53,628,516USD31,524,187USD
Unclassified Current Assets———-3,536,208USD-30,279,874USD———
Long Term Debt——————10,786,910USD8,554,443USD
Treasury Stock——————-1,469,110USD-1,469,110USD
Property Plant Equipment Gross———————262USD
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Cash flow Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
Net Income-367,469USD1,086,281USD-2,231,194USD-7,736,154USD841,447USD-2,946,058USD2,636,516USD7,737,773USD
Depreciation6,250USD6,250USD6,250USD10,312,214USD6,250USD6,250USD6,250USD6,250USD
Other Non Cash Items716,614USD-4,032,735USD8,027,931USD-8,249,009USD8,657,953USD4,583,130USD-2,308,638USD-8,788,679USD
Change To Account Receivables-76,923USD15,698USD66,526USD-26,990USD108,920USD50,717USD108,370USD-168,862USD
Change In Working Capital-93,482USD182,747USD129,193USD-1,608,964USD-1,776,414USD-861,251USD623,550USD943,596USD
Total Cash From Operating Activities261,913USD-2,757,457USD5,932,180USD347,689USD7,729,236USD782,071USD957,678USD-101,060USD
Capital Expenditures-4USD-3USD-2USD0USD-3USD0USD-2USD0USD
Free Cash Flow261,909USD-2,757,457USD5,932,180USD347,689USD7,729,236USD782,071USD957,680USD-101,060USD
Total Cashflows From Investing Activities-3,779,183USD-3,214,561USD5,440,408USD—8,950,233USD—14,150,326USD4,383,599USD
Net Borrowings500,000USD0USD0USD0USD-600,000USD-3,300,000USD-13,300,000USD—
Total Cash From Financing Activities-361,129USD-2,524,342USD-861,246USD-861,145USD-3,630,772USD-3,300,000USD-14,048,496USD-2,748,496USD
Dividends Paid-861,129USD-2,524,342USD-861,246USD-861,145USD-3,030,772USD0USD-748,496USD-748,496USD
Change In Cash-3,878,398USD-5,281,799USD5,070,934USD-513,456USD4,098,464USD-2,517,929USD1,059,508USD1,534,043USD
Begin Period Cash Flow4,208,948USD9,490,747USD4,419,813USD4,933,269USD834,805USD3,352,734USD2,293,226USD759,183USD
End Period Cash Flow330,550USD4,208,948USD9,490,747USD4,419,813USD4,933,269USD834,805USD3,352,734USD2,293,226USD
Other Cashflows From Financing Activities500,000USD———-600,000USD—-13,300,000USD4,383,599USD
Unclassified Investing Cash Flow-3,779,179USD-1,880,318USD5,324,148USD—8,980,261USD—14,150,328USD4,383,599USD
Other Cashflows From Investing Activities—-1,334,240USD116,262USD-86,237USD-30,025USD8,305,178USD——
Unclassified Operating Cash Flow———7,629,602USD————
Unclassified Financing Cash Flow——————13,300,000USD-6,383,599USD
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Cash flow Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
Net Income-8,039,620USD8,827,612USD6,526,650USD-881,849USD15,797,428USD743,766USD-2,289,670USD-394,498USD
Depreciation25,000USD25,000USD25,000USD12,500USD175,412USD37,675USD37,295USD29,686USD
Other Non Cash Items22,339,706USD6,307,671USD-1,169,482USD2,564,204USD-24,322,105USD-1,702,370USD7,622,073USD-552,674USD
Change To Account Receivables164,154USD-112,930USD-36,262USD-80,291USD145,139USD-151,413USD-2,146USD85,516USD
Change In Working Capital-3,073,438USD134,430USD734,963USD-1,595,330USD4,408,682USD303,959USD472,445USD-179,170USD
Total Cash From Operating Activities11,251,648USD15,331,731USD6,117,131USD252,368USD-3,940,583USD-616,970USD5,842,143USD-2,900,059USD
Capital Expenditures0USD0USD-1USD0USD-5USD-5USD-3USD0USD
Free Cash Flow11,251,648USD15,331,731USD6,117,130USD252,368USD-3,940,583USD-616,970USD5,842,140USD-2,900,059USD
Total Cashflows From Investing Activities990,796USD—-14,458,049USD3,544,451USD-10,318,418USD-6,710,365USD-1,100,156USD-2,487,627USD
Net Borrowings-600,000USD-15,650,000USD13,700,000USD2,550,000USD-11,000,000USD-11,000,000USD2,250,000USD750,000USD
Total Cash From Financing Activities-7,877,505USD-17,792,247USD10,267,243USD282,753USD-15,590,957USD-4,833,335USD17,039,941USD671,812USD
Dividends Paid-7,277,505USD-2,142,247USD-3,432,757USD-2,142,247USD-4,570,186USD-4,756,606USD-4,570,186USD-4,570,186USD
Change In Cash3,374,143USD-2,460,516USD1,926,325USD535,121USD-19,531,540USD-5,450,305USD21,781,928USD-2,228,247USD
Begin Period Cash Flow834,805USD3,295,321USD1,368,996USD833,875USD20,365,415USD25,815,720USD4,033,792USD6,262,039USD
End Period Cash Flow4,208,948USD834,805USD3,295,321USD1,368,996USD833,875USD20,365,415USD25,815,720USD4,033,792USD
Other Cashflows From Investing Activities—-19,421,458USD—7,026,086USD————
Other Cashflows From Financing Activities—-15,650,000USD27,400,000USD2,425,000USD-11,000,000USD-122,356USD4,390,877USD-78,188USD
Unclassified Financing Cash Flow—15,650,000USD-27,400,000USD-2,550,000USD11,000,000USD11,122,356USD—4,570,186USD
Stock Based Compensation——409,650USD—302,144USD-1,325,339USD679,000USD-1,830,068USD
Sale Purchase Of Stock——0USD0USD-20,771USD-76,729USD14,844,500USD0USD
Unclassified Investing Cash Flow——-14,458,048USD-3,481,635USD-10,318,413USD-6,710,360USD-1,100,153USD-2,487,627USD
Change To Inventory———80,291USD-15,000USD-151,413USD5,413USD—
Change To Liabilities———20,075USD135,308USD79,813USD-72,636USD102,039USD
Issuance Of Capital Stock————0USD0USD14,844,504USD—
Unclassified Operating Cash Flow—————1,325,339USD——
Investments———————0USD
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Operating metrics

No operating metrics are currently published for this company.

Revenue breakdown

No revenue breakdown is currently published for this company.

Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.