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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Pulling SEC filings + quote and writing the call…

TTENK/calls
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Home›RAND›Financials
Annual statements · SEC XBRL · FY2021 – FY2025

RAND CAPITAL CORP (RAND) financials

Income statement

RAND CAPITAL CORP (RAND) income statement, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Net income$15.8M-$882K$6.53M$8.83M-$8.04M
EPS (diluted)$6.12-$0.34$2.53$3.42-$2.73

Cash flow

RAND CAPITAL CORP (RAND) cash flow, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Operating cash flow-$3.94M$252K-$8.34M$15.3M$11.3M
Share buybacks$20.8K————
Dividends paid$4.57M$2.14M$3.43M$2.14M$7.28M

Balance sheet

RAND CAPITAL CORP (RAND) balance sheet, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Cash & equivalents$834K$1.37M$3.30M$835K$4.21M
Total assets—$63.5M$81.0M$72.5M$53.2M
Total liabilities—$5.76M$20.2M$7.12M$1.01M
Shareholders' equity$60.7M$57.7M$60.8M$65.3M$52.2M
Retained earnings—$7.56M$6.32M$2.54M-$10.6M
Shares (wtd avg diluted)2.58M2.58M2.58M2.58M2.95M

Every figure is extracted from RAND CAPITAL CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

Does RAND pay a dividend?
Yes — RAND CAPITAL CORP paid $7.28M in cash dividends during FY2025, per its SEC cash-flow statement.
Full RAND analysis — verdict, score & filings →Is RAND a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.