For the year ending 2025-12-31, RAND had $3,374,143 increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 |
|---|---|
| Net (decrease) increase in net assets from operations | -8,039,620 |
| Investments in portfolio companies | 6,559,755 |
| Proceeds from sale of portfolio investments | 990,796 |
| Proceeds from loan repayments | 16,831,276 |
| Net realized loss (gain) on portfolio investments | -2,001,313 |
| Change in unrealized appreciation/depreciation on investments | -11,279,709 |
| Deferred tax expense (benefit) | 2,161 |
| Amortization | 25,000 |
| Original issue discount accretion | 41,404 |
| Non-cash conversion of debenture interest | 2,149,390 |
| Non-cash conversion of loan modification fee | 15,000 |
| Change in interest receivable allowance | -25,337 |
| Decrease (increase) in interest receivable | -164,154 |
| Decrease in other assets | -36,283 |
| Decrease (increase) in prepaid income taxes | -45,784 |
| Increase (decrease) in accounts payable and accrued liabilities | 9,407 |
| (decrease) increase in due to investment adviser | -1,663,559 |
| (decrease) increase in capital gains incentive fees payable | -1,565,000 |
| (decrease) increase in deferred revenue | -125,844 |
| Total adjustments | 19,291,268 |
| Net cash provided by (used in) operating activities | 11,251,648 |
| Net (repayment of) proceeds from line of credit | -600,000 |
| Payment of cash dividend | 7,277,505 |
| Net cash (used in) provided by financing activities | -7,877,505 |
| Net increase (decrease) in cash and cash equivalents | 3,374,143 |
| Beginning of year | 834,805 |
| End of year | 4,208,948 |
RAND CAPITAL CORP (RAND)
RAND CAPITAL CORP (RAND)