Rand Capital Corp. (RAND)
NASDAQ:RAND
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Earnings Data
Report Date
Aug 10, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-2.61Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: significant near-term headwinds (a 38% drop in total investment income, yield compression to 9.43% driven by nonaccruals, $2.0M of unrealized depreciation, and exposure to restructurings like MRES) are offset by meaningful strengths (more than $20M of liquidity and very low leverage, active deployment of $5.1M including a 13%‑priced term loan in AME, a $1.1M realized gain, a portfolio fair value increase to $51.5M, and maintenance of the regular $0.29/share dividend). Management frames Q1 as a transition quarter and emphasizes capital recycling, disciplined underwriting, and potential to originate higher‑yielding investments (13%–14%), but risks from nonaccruals and reduced earning base remain material in the short term.Company Guidance
Consistent Dividend Policy Maintained
Paid regular quarterly cash dividend of $0.29 per share and declared another $0.29 per share in April 2026, demonstrating commitment to a consistent, earnings-driven dividend strategy despite transitional quarter dynamics.
Strong Liquidity Position and Low Leverage
Ended the quarter with approximately $20.1 million available on a $25 million senior secured revolving credit facility and only $0.5 million drawn; management emphasized more than $20 million of available liquidity and modest leverage, providing flexibility for new investments or shareholder returns. Board renewed share repurchase authorization for up to $1.5 million.
Active Capital Deployment and Realization
Deployed $5.1 million into new and follow-on investments in Q1, including a $4.0 million investment in AME HoldCo (a $3.0M term loan at 13% plus $1.0M equity). Realized a $1.1 million net gain from the sale of remaining equity in Cybertz (The Rack Group), evidencing capital recycling and successful full-cycle realization.
Portfolio Fair Value Increased and Maintained Income Orientation
Portfolio fair value rose to $51.5 million across 20 companies at 3/31/2026 from $48.5 million at 12/31/2025 (increase of ~$3.0M, ~6.2%). Portfolio remained ~80% debt and ~20% equity, with top five positions representing $22.9 million (44% of portfolio), indicating concentrated but income-oriented positioning.
Positive Net Investment Income and Per-Share Earnings
Generated net investment income of $0.545 million for the quarter, or $0.18 per share (adjusted NII per share also $0.18), demonstrating ongoing income-generation capability during the transition period.
New-Originations Priced Above Current Portfolio Yield
Management noted that individual new transactions are typically being priced in the 13%–14% interest range versus the quarter-end aggregated debt yield of 9.43%, suggesting potential for higher future cash yields as new originations scale.
RAND Earnings History
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 |
|---|---|---|---|
May 06, 2026 | $10.80 | $10.99 | +1.79% |
Mar 05, 2026 | $11.30 | $11.80 | +4.43% |
Nov 07, 2025 | $12.92 | $12.98 | +0.50% |
Aug 04, 2025 | $16.60 | $16.11 | -2.95% |
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 Aug 10, 2026, Before Open (Confirmed).
What is Rand Capital Corp. (RAND) earnings time?
Rand Capital Corp. (RAND) earnings time is at Aug 10, 2026, 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?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RAND EPS forecast?
Currently, no data Available