RAND CAPITAL CORP reported first quarter ended March 31, 2026 results: revenue $1.2 million, net income $545,000, or $0.18 per share, EPS $0.18 per share.
“--- 14 Lafayette Square, Suite 1405 ● Buffalo, New York 14203 FOR IMMEDIATE RELEASE Rand Capital Reports First Quarter Fiscal Year 2026 Results ● Total investment income was $1.2 million compared with $2.0 million in the prior-year period, primarily reflecting lower interest and fee income and the impact of non-accruals ● Net asset value (NAV) per share was”
Earnings Releases
RAND CAPITAL CORP reported the full year ended December 31, 2025 results: revenue $6.5 million, EPS $1.80 per share.
“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”
Earnings Releases
RAND CAPITAL CORP reported the fourth quarter ended December 31, 2025 results: revenue $1.3 million, EPS $0.20 per share.
“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”
Auditor Changes
RAND CAPITAL CORP engaged Withum Smith+Brown, PC as its auditor.
“the Audit Committee and the Board each approved the engagement of Withum as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, effective immediately”
Auditor Changes
RAND CAPITAL CORP dismissed Freed Maxick, P.C. as its auditor.
“(a) Replacement of Previous Independent Registered Public Accounting Firm On September 11, 2025, the Audit Committee (the “Audit Committee”) of the Board of Directors (the “Board”) of Rand Capital Corporation (the “Company”) and the Board each approved the replacement of Freed Maxick, P.C. (“FM”) as the Company’s independent registered public accounting firm, due to the acquisition of certain assets of FM by Withum Smith+Brown,”
Earnings Releases
RAND CAPITAL CORP reported the first quarter ended March 31, 2024 results: revenue $2.1 million, net income $840,000, or $0.33 per share, EPS $0.33 per share.
“Total Investment Income for First Quarter 2024 ● Strategy focused on expanding portfolio composition with new debt investments drives total investment income growth of 12% to $2.1 million for the first quarter of 2024 ● Investment portfolio comprised of 70% interest yielding debt instruments at quarter-end compared with 64% at the end of 2023, improving”
Shareholder Votes
RAND CAPITAL CORP shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2024-05-07 meeting.
“Proposal 2 – RATIFICATION OF APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM In accordance with the results below, the selection of Freed Maxick CPAs, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2024 was ratified. Votes For Votes Against Abstentions Broker Non-Votes 2,384,885 13,856 3,592 –”
Shareholder Votes
RAND CAPITAL CORP shareholders approved Election of Directors at the 2024-05-07 meeting.
“Proposal 1 – ELECTION OF DIRECTORS In accordance with the results below, each nominee listed below was re-elected to serve as a director.”
Earnings Releases
RAND CAPITAL CORP reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue Total investment income of $7.3 million increased $1.6 million, or 27%, from the prior year, net income Net investment income per share was $1.15 for 2023 compared with $1.72 per share in the prior year, EPS $0.37 per share.
“filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 NEWS RELEASE 14 Lafayette Square, Suite 1405 ● Buffalo, New York 14203 FOR IMMEDIATE RELEASE Rand Capital Reports 27% Increase in Total Investment Income for 2023 ● Portfolio expansion centered on debt investments drives total investment income growth of 11% to $1.9 million for the fourth”
Earnings Releases
RAND CAPITAL CORP reported the second quarter ended June 30, 2023 results: revenue $1.8 million, net income $493,000, or $0.19 per share, EPS $0.19 per share.
“• Buffalo, New York 14203 FOR IMMEDIATE RELEASE Rand Capital Reports 34% Increase in Total Investment Income for Second Quarter 2023 ● Total investment income increased 34% to $1.8 million for the quarter compared with the second quarter last year driven by strong growth in interest and fee income ● Net asset value per share (“NAV”) was $23.79 at June 30, 2023,”
Earnings Releases
RAND CAPITAL CORP reported first quarter ended March 31, 2023 results: revenue $1.85 million, net income $715,000, EPS $0.28 per share.
“Total investment income grew $727,000, or 65%, to $1.85 million driven by a 42% increase in interest from portfolio companies, dividend income that more than doubled, and higher fee income. ● Total expenses were $1.05 million compared with $345,000 in the prior-year first quarter. The increase includes a $531,000 increase in capital gains incentives fees payable to the Company’s external investment adviser, Rand Capital Management, LLC. The increase also reflects $158,000 in interest expense from the senior revolving credit facility entered into in June 2022 to fund growth. Offsetting these increases was a $60,000 decline in professional fees. Excluding capital gains incentive fees, adjusted expenses, which is a non-GAAP financial measure, were $757,000 compared with $585,000 in the first quarter of 2022. See the attached description of this non-GAAP financial measure and reconciliation table for adjusted expenses. Rand Capital Reports 65% Increase in Total Investment Income for First”
Shareholder Votes
RAND CAPITAL CORP shareholders approved Ratification of Appointment of the Independent Registered Public Accounting Firm at the 2023-04-19 meeting.
“In accordance with the results below, the selection of Freed Maxick CPAs, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2023 was ratified. Votes For Votes Against Abstentions Broker Non-Votes 2,378,150 4,471 7,192 –”
Shareholder Votes
RAND CAPITAL CORP shareholders approved Election of Directors at the 2023-04-19 meeting.
“In accordance with the results below, each nominee listed below was re-elected to serve as a director. Votes For Votes Withheld Broker Non-Votes Benjamin E. Godley 2,118,414 6,570 264,829 Adam S. Gusky 2,100,584 24,400 264,829 Cari L. Jaroslawsky 2,118,260 6,724 264,829 Erland E. Kailbourne 1,934,033 190,951 264,829 Robert M. Zak 2,100,819 24,165 264,829”
Earnings Releases
RAND CAPITAL CORP reported financial results for the fourth quarter and year ended December 31, 2022.
“On March 10, 2023, Rand Capital Corporation (the “Company”) issued a press release announcing its results for the fourth quarter and year ended December 31, 2022.”
Robert M. Zak was appointed as Chairman of the Board at RAND CAPITAL CORP.
“Robert M. Zak, a current member of the Board, will replace Mr. Kailbourne as Chairman of the Board effective December 1, 2021.”
Erland E. Kailbourne changed role as Chairman of the Board at RAND CAPITAL CORP.
“Erland E. Kailbourne, Chairman of the Board, will be stepping down as Chairman, effective December 1, 2021, although he will remain on the Board.”
Margaret Brechtel was appointed as Executive Vice President, Treasurer, Chief Financial Officer and Secretary at RAND CAPITAL CORP.
“Margaret Brechtel, age 55, Vice President of Finance of the Company, has been appointed to serve as Executive Vice President, Treasurer, Chief Financial Officer and Secretary of the Company and Executive Vice President, Treasurer and Secretary of the SBIC, effective December 1, 2021.”
Daniel Penberthy was appointed as President and Chief Executive Officer at RAND CAPITAL CORP.
“Daniel Penberthy, Executive Vice President, Treasurer, Chief Financial Officer and Secretary of the Company, has been appointed to serve as President and Chief Executive Officer of the Company and the SBIC, effective December 1, 2021.”
Allen F. "Pete" Grum was appointed as Vice Chair of the Board of Directors at RAND CAPITAL CORP.
“Allen F. “Pete” Grum, President, Chief Executive Officer and Chief Compliance Officer of the Company and the SBIC intends to retire effective December 1, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.