| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Investment Affiliated Issuer Controlled | 1,400,000 | 1,400,000 | 2,000,000 | 2,000,000 |
| Investment Affiliated Issuer Noncontrolled | 39,759,324 | 36,775,685 | 33,155,868 | 42,717,475 |
| Investment Unaffiliated Issuer | 10,383,740 | 10,304,811 | 9,175,004 | 7,646,779 |
| Deferred tax asset, net | NaN | 0 | 116,889 | 111,438 |
| Total investments at fair value | 51,543,064 | 48,480,496 | 44,330,872 | 52,364,254 |
| Cash | NaN | NaN | 9,490,747 | 4,419,813 |
| Cash and cash equivalents | 330,550 | 4,208,948 | NaN | NaN |
| Interest receivable | 244,962 | 168,039 | 183,737 | 250,263 |
| Prepaid income taxes | 322,186 | 283,581 | 343,689 | 344,695 |
| Other assets | 73,864 | 54,248 | 113,854 | 149,076 |
| Total assets | 52,514,626 | 53,195,312 | 54,579,788 | 57,639,539 |
| Due to investment adviser (see note 8) | 532,591 | 519,287 | 527,225 | 509,500 |
| Accounts payable and accrued expenses | 99,873 | 101,975 | 64,976 | 38,600 |
| Line of credit (see note 5) | 500,000 | 0 | NaN | NaN |
| Capital gains incentive fees (see note 9) | NaN | 0 | NaN | NaN |
| Deferred revenue | 427,307 | 390,597 | 366,073 | 377,485 |
| Dividend payable | NaN | 0 | NaN | NaN |
| Total liabilities | 1,559,771 | 1,011,859 | 958,274 | 925,585 |
| Common stock, 0.10 par shares authorized 100,000,000 shares issued 3,037,709 shares outstanding 2,969,814 at 3/31/26 and 12/31/25 (see note 1) | 303,771 | 303,771 | 303,771 | 303,771 |
| Capital in excess of par value | 64,063,157 | 64,063,157 | 64,051,504 | 64,051,504 |
| Stock dividends distributable 0 shares at 12/31/25 and 388,793 shares at 12/31/24 | NaN | 0 | NaN | NaN |
| Treasury stock, at cost 67,895 shares at 3/31/26 and 12/31/25 | 1,566,605 | 1,566,605 | 1,566,605 | 1,566,605 |
| Total distributable earnings | -11,845,468 | -10,616,870 | -9,167,156 | -6,074,716 |
| Total stockholders' equity (net assets) (per share - 3/31/26 17.16 12/31/25 17.57) | 50,954,855 | 52,183,453 | 53,621,514 | 56,713,954 |
| Total liabilities and stockholders' equity (net assets) | 52,514,626 | 53,195,312 | 54,579,788 | 57,639,539 |
RAND CAPITAL CORP (RAND)
RAND CAPITAL CORP (RAND)