---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-036108"
form_type: "8-K"
ticker: "RAND"
cik: "0000081955"
company_name: "RAND CAPITAL CORP"
filed_at: "2026-08-05T12:10:19+00:00"
generated_at: "2026-08-05T12:15:19.486152+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Rand Capital Q2 2026: net investment income $0.24/share (down 71% YoY); NAV $17.33; dividend $0.29

## Summary
- Total investment income $1.4M, down 13% from $1.6M; non-accruals pressure.
- Net investment income $710k ($0.24/share) vs $2.5M ($0.83) prior year; adjusted $0.24 vs $0.33.
- Portfolio fair value $56.5M (+16.5% from Dec 2025); deployed $6.9M into two new investments; realized gain $959k.
- BMP Swanson write-down of $2.5M to zero; weighted average yield on debt 8.98% vs 11.3%.
- Declared Q3 dividend $0.29/share; cash $430k; line of credit $5.1M outstanding.

## SEC filing metadata
- accession: 0001493152-26-036108
- form_type: 8-K
- ticker: RAND
- cik: 0000081955
- company_name: RAND CAPITAL CORP
- filed_at: 2026-08-05T12:10:19+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/81955/000149315226036108/0001493152-26-036108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/81955/000149315226036108/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-036108
- JSON: https://secwatch.observer/filing/0001493152-26-036108.json
- Plain text: https://secwatch.observer/filing/0001493152-26-036108.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.