For the quarter ending 2025-09-30, RAND had $5,070,934 increase in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net (decrease) increase in net assets from operations | -2,231,194 | -6,894,707 |
| Investments in portfolio companies | 2,900,000 | 409,755 |
| Proceeds from sale of portfolio investments | 0 | 955,357 |
| Proceeds from loan repayments | 8,340,408 | 8,490,868 |
| Net realized loss (gain) on sales and dispositions of portfolio investments | -2,927,329 | 925,332 |
| Change in unrealized appreciation/depreciation on investments | -291,703 | -11,610,598 |
| Deferred income tax benefit | -5,451 | -109,277 |
| Amortization | 6,250 | 12,500 |
| Original issue discount amortization | 8,800 | 29,004 |
| Non-cash conversion of debenture interest | 617,258 | 1,223,945 |
| Non-cash conversion of loan modification fee | 0 | 15,000 |
| Change in interest receivable allowance | 0 | -25,337 |
| Decrease (increase) in interest receivable | -66,526 | -81,930 |
| Increase in other assets | -28,972 | 46,045 |
| Increase in prepaid income taxes | -1,006 | 15,330 |
| (decrease) increase in capital gains incentive fees payable | - | -1,565,000 |
| Decrease in accounts payable and accrued expenses | 26,376 | -53,968 |
| Decrease in due to investment adviser | 17,725 | -1,673,346 |
| (decrease) increase in capital gains incentive fees payable | -1,565,000 | - |
| Decrease in deferred revenue | -11,412 | -138,956 |
| Total adjustments | 8,163,374 | 14,971,632 |
| Net cash provided by operating activities | 5,932,180 | 8,076,925 |
| Net repayment of line of credit | 0 | -600,000 |
| Payment of cash dividend | 861,246 | 3,891,917 |
| Net cash used in financing activities | -861,246 | -4,491,917 |
| Net increase in cash | 5,070,934 | 3,585,008 |
| Cash and cash equivalents at beginning of period | 834,805 | - |
| Cash and cash equivalents at end of period | 9,490,747 | - |
RAND CAPITAL CORP (RAND)
RAND CAPITAL CORP (RAND)