For the quarter ending 2025-09-30, RAND made $2,546,555 in revenue. -$2,231,194 in net income. Net profit margin of -87.62%.
| Income Statement | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Investment Affiliated Issuer Controlled | 0 | - | ||
| Investment Affiliated Issuer Noncontrolled | -481,647 | - | ||
| Investment Unaffiliated Issuer | 189,944 | - | ||
| Change in unrealized appreciation/depreciation before income taxes | -291,703 | - | ||
| Deferred income tax expense (benefit) | 4,741 | - | ||
| Net change in unrealized appreciation/depreciation on investments | -296,444 | - | ||
| Net realized (loss) gain on sales and dispositions of investments-Investment Affiliated Issuer Noncontrolled | -2,850,015 | 0 | ||
| Investment Affiliated Issuer Controlled | 0 | 0 | ||
| Investment Affiliated Issuer Noncontrolled | -481,647 | -10,122,270 | ||
| Investment Unaffiliated Issuer | 189,944 | -189,944 | ||
| Change in unrealized appreciation/depreciation before income taxes | -291,703 | -10,312,214 | ||
| Deferred income tax expense (benefit) | 4,741 | -97,826 | ||
| Net change in unrealized appreciation/depreciation on investments | -296,444 | -10,214,388 | ||
| Net realized gain (loss) on sales and dispositions of investments | - | 0 | ||
| Net realized (loss) gain on sales and dispositions of investments-Investment Unaffiliated Issuer | -77,314 | 0 | ||
| Net realized and unrealized (loss) gain on investments | -3,223,773 | -10,214,388 | ||
| Investment Affiliated Issuer Controlled | 13,417 | 12,979 | ||
| Investment Affiliated Issuer Noncontrolled | 1,177,248 | 1,264,789 | ||
| Investment Unaffiliated Issuer | 234,469 | 236,794 | ||
| Total interest from portfolio companies | 1,425,134 | 1,514,562 | ||
| Investment Income Interest | 73,488 | 36,556 | ||
| Total interest from other investments | 73,488 | 36,556 | ||
| Total dividend and other investment income-Investment Affiliated Issuer Noncontrolled | 0 | 0 | ||
| Total dividend and other investment income-Investment Unaffiliated Issuer | 0 | 0 | ||
| Total dividend and other investment income | 0 | 0 | ||
| Investment Affiliated Issuer Controlled | 4,515 | 4,516 | ||
| Investment Affiliated Issuer Noncontrolled | 72,714 | 42,891 | ||
| Investment Unaffiliated Issuer | 3,772 | 3,772 | ||
| Total fee income | 81,001 | 51,179 | ||
| Total investment income | 1,579,623 | 1,602,297 | ||
| Base management fee (see note 8) | 184,382 | 217,649 | ||
| Income based incentive fees (see note 8) | 66,505 | - | ||
| Capital gains incentive fees (see note 8) | 0 | - | ||
| Interest expense | 25,416 | 25,417 | ||
| Professional fees | 133,415 | 142,020 | ||
| Stockholders and office operating | 59,398 | 103,349 | ||
| Directors' fees | 66,550 | 66,550 | ||
| Income based incentive fees (see note 8) | - | 0 | ||
| Administrative fees | 50,250 | 50,250 | ||
| Insurance | 8,250 | 9,974 | ||
| Corporate development | 2,037 | -2,493 | ||
| Capital gains incentive fees (see note 8) | - | -1,490,000 | ||
| Bad debt expense | 0 | 13,125 | ||
| Total expenses | 596,203 | -864,159 | ||
| Net investment income before income taxes | 983,420 | 2,466,456 | ||
| Income tax benefit | -9,159 | -11,778 | ||
| Net investment income | 992,579 | 2,478,234 | ||
| Net (decrease) increase in net assets from operations | -2,231,194 | -7,736,154 | ||
| Earnings per share, basic | -0.75 | -2.6 | ||
| Earnings per share, diluted | -0.75 | -2.6 | ||
| Weighted average shares outstanding, basic | 2,969,814 | 2,969,814 | ||
| Weighted average shares outstanding, diluted | 2,969,814 | 2,969,814 | ||
RAND CAPITAL CORP (RAND)
RAND CAPITAL CORP (RAND)