The earnings call presents a mixed outlook. While the company maintains a strong liquidity position and continues to pay dividends, significant challenges like the Tilson Technologies bankruptcy and a decrease in total investment income have impacted overall performance.

Company Guidance -

Q3 2025

During Rand Capital Corporation's second quarter fiscal year 2025 conference call, the company provided guidance on several key financial metrics and strategic directions. Net investment income was reported at $2.5 million or $0.83 per share, primarily influenced by a noncash reversal of a capital gains incentive fee. Total investment income reached $1.6 million, with approximately $1.2 million derived from payment-in-kind (PIK) interest, constituting about one-third of the total. The portfolio was valued at $52.4 million, with a significant reduction due to a $9.5 million valuation adjustment related to Tilson Technologies' Chapter 11 bankruptcy filing. Despite these challenges, Rand maintained its dividend strategy, declaring three quarterly dividends of $0.29 per share, and ended the quarter with $25 million in liquidity and no outstanding bank debt. The portfolio composition included 86% income-generating debt investments with an annualized weighted average yield of 12.2% and 14% equity investments. The company emphasized its focus on income generation, capital preservation, and disciplined underwriting standards to navigate the current volatile market environment.

Positive Net Investment Income

Net investment income was reported at $2.5 million or $0.83 per share, driven by a noncash reversal of a capital gains incentive fee.

Strong Liquidity Position

Exited the quarter with approximately $25 million in total liquidity and no outstanding bank debt, providing flexibility for future investments.

Quarterly Dividends Maintained

Declared three quarterly dividends of $0.29 per share, with increased total dollar amount paid to shareholders due to a higher number of shares outstanding.

High Yield on Debt Investments

Annualized weighted average yield on debt investments was 12.2% at quarter end, contributing to income generation.

Rand Capital (RAND) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RAND Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	- / -	1.022	―	―	―
Aug 04, 2025	2025 (Q2)	- / -2.60	2.998	-186.89% (-5.60)
May 05, 2025	2025 (Q1)	- / 0.29	0.542	-45.94% (-0.25)
Mar 10, 2025	2024 (Q4)	- / -1.14	0.422	-370.38% (-1.56)
Nov 06, 2024	2024 (Q3)	- / 1.02	0.231	342.42% (+0.79)
Aug 06, 2024	2024 (Q2)	- / 3.00	1.035	189.66% (+1.96)
May 13, 2024	2024 (Q1)	- / 0.54	0.841	-35.55% (-0.30)
Mar 05, 2024	2023 (Q4)	- / 0.42	0.124	240.32% (+0.30)
Nov 06, 2023	2023 (Q3)	- / 0.23	0.428	-46.03% (-0.20)
Aug 04, 2023	2023 (Q2)	- / 1.03	-0.735	240.82% (+1.77)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RAND Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$18.22	$17.69	-2.91%
May 05, 2025	$18.39	$19.06	+3.64%
Mar 10, 2025	$21.37	$18.85	-11.79%
Nov 06, 2024	$16.00	$15.95	-0.31%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Rand Capital Corp. (RAND) report earnings?

Rand Capital Corp. (RAND) is schdueled to report earning on Nov 10, 2025, Before Open (Confirmed).

What is Rand Capital Corp. (RAND) earnings time?

Rand Capital Corp. (RAND) earnings time is at Nov 10, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is RAND EPS forecast?

Currently, no data Available

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