The earnings call reflects a cautious yet resilient stance amidst challenging market conditions. While there are significant setbacks such as the Tilson Technologies bankruptcy, the company maintains a strong liquidity position and consistent dividend payments, indicating a balanced approach to managing risks and opportunities.

Company Guidance

During the second quarter of fiscal year 2025, Rand Capital Corporation navigated a challenging investment environment marked by limited new deal flow and higher financing costs, reporting a net investment income of $2.5 million or $0.83 per share. Total investment income stood at $1.6 million, with approximately $1.2 million of interest income being payment-in-kind (PIK), reflecting the cautious stance of portfolio companies due to tightened credit facilities. The company maintained its dividend strategy, declaring three quarterly dividends of $0.29 per share and ending the quarter with $25 million in total liquidity and no outstanding bank debt. The portfolio's fair value decreased to $52.4 million, largely due to a $9.5 million valuation reduction in Tilson Technologies following its Chapter 11 bankruptcy filing. Despite this, the portfolio remained predominantly income-generating, with debt investments comprising 86% and yielding an annualized average of 12.2%. Rand remains poised for future opportunities, supported by a strengthened liquidity position and a strategic focus on yield-focused debt investments.

Net Investment Income Growth

Net investment income was $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.

Consistent Dividend Payments

Declared 3 quarterly dividends of $0.29 per share in 2025, with the total dollar amount paid to shareholders increased due to a higher number of shares outstanding.

Positive Portfolio Composition

86% of the portfolio is income-generating debt investments with an annualized weighted average yield of 12.2%.

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	$17.89	$17.37	-2.91%
May 05, 2025	$18.06	$18.71	+3.60%
Mar 10, 2025	$20.98	$18.51	-11.77%
Nov 06, 2024	$15.71	$15.66	-0.32%

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?

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

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