Rand Capital Q4 investment income $1.3M (-40% YoY); full year NII per share up 35%

RAND CAPITAL CORP

Q4 total investment income $1.3M, down 40% YoY; net investment income $0.20 per share vs $0.86.
Full year 2025 net investment income per share $1.80, up 35% from $1.33 in 2024.
NAV per share $17.57 at Dec 31, 2025; total liquidity >$23M with no debt outstanding.
Portfolio fair value $48.5M (20 companies) down 32% from 2024; debt investments 79%.
Declared $0.29 quarterly dividend payable Mar 25, 2026; total 2025 dividends $1.72 per share.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RAND CAPITAL CORP reported the fourth quarter ended December 31, 2025 results: revenue $1.3 million, EPS $0.20 per share.

Period: the fourth quarter ended December 31, 2025
Revenue: $1.3 million
EPS: $0.20 per share
Result: reported results

Exact text from the filing

with more than $23 million in total liquidity and no debt outstanding , providing substantial balance sheet flexibility for future investments ● Total investment income was $1.3 million for the fourth quarter and $6.5 million for full year 2025, reflecting the impact of portfolio repayments and pace of deal origination ● Net asset value (NAV) per share was

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RAND CAPITAL CORP reported the full year ended December 31, 2025 results: revenue $6.5 million, EPS $1.80 per share.

Period: the full year ended December 31, 2025
Revenue: $6.5 million
EPS: $1.80 per share
Result: reported results

Exact text from the filing

and no debt outstanding , providing substantial balance sheet flexibility for future investments ● Total investment income was $1.3 million for the fourth quarter and $6.5 million for full year 2025, reflecting the impact of portfolio repayments and pace of deal origination ● Net asset value (NAV) per share was $17.57 at December 31, 2025 ● Received

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Source: SEC EDGAR

accession 0001493152-26-008935

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