Rand Capital (RAND) Financials: Revenue & Earnings
RAND$9.29+0.18 +1.98%
$27.59M
Market Cap
-243.50
P/E
—
Forward P/E
—
Score
Rand Capital (RAND) Financials: Revenue & Earnings
RAND price $9.29 +0.18 +1.98%
- Ticker
- RAND
- Price
- $9.29
- Change
- +0.18 +1.98%
- Market cap ?
- $27.59M
- P/E ?
- -243.50
- Dividend yield ?
- 17.66%
- Beta ?
- 0.18
- Sector
- Financial Services
- Industry
- Asset Management
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| -5040748 | 1256758 | 1767577 | -587281 | 3456980 | 17208119 | 682436 | 9139778 | 11219171 | 4473579 |
Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses. It does not prefer to invest in real estate sector. It prefers to invest in…
Fair value
RAND fair value $53.45. Price $9.29. Price is 83% below fair value.
Below fair value, and cheaper than usual. A larger discount than on 68% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 11.25M. Growth 5.29%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 2.97M. Net debt -4.21M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Model uncertainty high for this stock
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-04 | — | — | — | — |
| 2026-08-05 | 0.46 | — | 1.39M | — |
| 2026-05-06 | 0.18 | — | 2.32M | — |
| 2026-03-05 | 0.20 | — | 1.29M | — |
| 2025-11-07 | 0.33 | — | 1.58M | — |
| 2025-08-04 | 0.33 | — | 1.60M | — |
| 2025-05-05 | 0.40 | — | 13.12K | — |
| 2025-03-10 | 0.45 | — | -2.42M | — |
| 2024-11-06 | 0.46 | — | 57.12K | — |
| 2024-08-06 | 0.44 | — | 2.56M | — |
| 2024-05-13 | 0.37 | — | 5.52M | — |
| 2024-03-05 | 0.40 | — | 1.91M | — |
| 2023-11-06 | 0.29 | — | 978.90K | — |
| 2023-08-04 | 0.19 | — | 3.82M | — |
| 2023-05-09 | 0.39 | — | 2.90M | — |
| 2023-03-10 | 0.41 | — | 656.66K | — |
| 2022-11-07 | 0.40 | — | 1.40M | — |
| 2022-08-08 | 0.29 | — | 316.52K | — |
| 2022-05-09 | 0.21 | — | 172.99K | — |
| 2022-03-08 | 0.16 | — | 1.10M | — |
| 2021-11-05 | 0.20 | — | 2.95M | — |
| 2021-08-09 | 0.10 | — | 5.81M | — |
| 2021-05-10 | 0.16 | — | 10.93M | — |
| 2021-03-08 | 0.29 | — | 1.06M | — |
| 2020-11-06 | 0.11 | — | 462.29K | — |
| 2020-08-07 | 0.08 | — | 653.80K | — |
| 2020-05-11 | 0.36 | — | 2.06M | — |
| 2020-03-09 | 0.09 | — | 2.41M | — |
| 2019-11-07 | -0.18 | — | 437.36K | — |
| 2019-08-06 | -0.18 | — | 583.05K | — |
| 2019-05-02 | 0.65 | — | 1.18M | — |
| 2019-03-07 | 1.33 | — | 1.64M | — |
| 2018-11-07 | 0.18 | — | 662.30K | — |
| 2018-08-07 | -0.09 | — | 413.52K | — |
| 2018-05-02 | -0.27 | — | 362.81K | — |
| 2018-03-08 | 0.45 | — | 1.14M | — |
| 2017-11-06 | 0.08 | — | 430.45K | — |
| 2017-08-07 | -0.18 | — | 349.14K | — |
| 2017-04-27 | -0.18 | — | 328.64K | — |
| 2017-03-08 | -0.27 | — | 198.78K | — |
Dividends
Yield 18.51%. Payout ratio —. Frequency Quarterly.
Safety score 51/100 · Watch. Payout ratio is not reported, so this part stays neutral. Dividends use a moderate share of free cash flow. Dividends were paid in 7 separate years. Yield is 18.5%, which is unusually high.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-08-26 | $0.29 | 2026-08-26 | 2026-09-09 | Quarterly |
| 2026-05-27 | $0.29 | 2026-05-27 | 2026-06-10 | Quarterly |
| 2026-03-11 | $0.29 | 2026-03-11 | 2026-03-25 | Semi-Annual |
| 2025-12-16 | $0.85 | 2025-12-16 | 2025-12-30 | Special |
| 2025-08-29 | $0.29 | 2025-08-29 | 2025-09-12 | Quarterly |
| 2025-05-30 | $0.29 | 2025-05-30 | 2025-06-13 | Quarterly |
| 2025-03-14 | $0.29 | 2025-03-14 | 2025-03-28 | Quarterly |
| 2024-12-16 | $4.20 | 2024-12-16 | 2025-01-24 | Quarterly |
| 2024-08-30 | $0.29 | 2024-08-30 | 2024-09-13 | Quarterly |
| 2024-05-31 | $0.29 | 2024-05-31 | 2024-06-14 | Quarterly |
| 2024-03-12 | $0.25 | 2024-03-13 | 2024-03-29 | Semi-Annual |
| 2023-12-15 | $0.63 | 2023-12-18 | 2023-12-29 | Special |
| 2023-08-30 | $0.25 | 2023-08-31 | 2023-09-14 | Quarterly |
| 2023-05-30 | $0.25 | 2023-05-31 | 2023-06-14 | Quarterly |
| 2023-03-10 | $0.20 | 2023-03-13 | 2023-03-27 | Quarterly |
| 2022-12-16 | $0.38 | 2022-12-19 | 2022-12-30 | Special |
| 2022-08-31 | $0.15 | 2022-09-01 | 2022-09-15 | Quarterly |
| 2022-05-31 | $0.15 | 2022-06-01 | 2022-06-15 | Quarterly |
| 2022-03-11 | $0.15 | 2022-03-14 | 2022-03-28 | Semi-Annual |
| 2021-12-17 | $0.14 | 2021-12-20 | 2021-12-31 | Special |
| 2021-09-01 | $0.10 | 2021-09-02 | 2021-09-16 | Quarterly |
| 2021-06-01 | $0.10 | 2021-06-02 | 2021-06-16 | Quarterly |
| 2021-03-12 | $0.10 | 2021-03-15 | 2021-03-29 | Quarterly |
| 2020-12-30 | $1.33 | 2020-12-31 | 2021-01-19 | Semi-Annual |
| 2020-05-12 | $14.58 | 2020-04-02 | — | Special |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2025-09-15 | Gusky Adam Samuel | Buy | 200 | $15.00 | 3.00K |
| 2025-09-15 | Gusky Adam Samuel | Buy | 250 | $15.00 | 3.75K |
| 2025-09-15 | Gusky Adam Samuel | Buy | 100 | $15.00 | 1.50K |
| 2025-09-15 | Gusky Adam Samuel | Buy | 10 | $14.56 | 146 |
| 2025-09-15 | Gusky Adam Samuel | Buy | 25 | $14.55 | 364 |
| 2025-09-15 | Gusky Adam Samuel | Buy | 100 | $14.55 | 1.46K |
| 2025-09-15 | Gusky Adam Samuel | Buy | 100 | $14.57 | 1.46K |
| 2025-09-15 | Gusky Adam Samuel | Buy | 10 | $14.60 | 146 |
| 2025-09-15 | Gusky Adam Samuel | Buy | 10 | $14.57 | 146 |
| 2025-09-15 | Gusky Adam Samuel | Buy | 25 | $14.58 | 364 |
| 2025-09-15 | Gusky Adam Samuel | Buy | 100 | $14.59 | 1.46K |
| 2025-09-15 | Gusky Adam Samuel | Buy | 100 | $14.60 | 1.46K |
| 2025-05-28 | Gusky Adam Samuel | Buy | 12 | $16.00 | 192 |
| 2025-05-27 | Gusky Adam Samuel | Buy | 200 | $15.75 | 3.15K |
| 2024-11-21 | Gusky Adam Samuel | Buy | 200 | $16.10 | 3.22K |
| 2024-11-20 | Gusky Adam Samuel | Buy | 25 | $16.05 | 401 |
| 2024-11-20 | Gusky Adam Samuel | Buy | 100 | $16.15 | 1.61K |
| 2024-11-20 | Gusky Adam Samuel | Buy | 50 | $16.10 | 805 |
| 2024-03-12 | Godley Benjamin E | Buy | 1.97K | $13.95 | 27.41K |
| 2024-03-07 | Godley Benjamin E | Buy | 183 | $13.99 | 2.56K |
| 2024-03-06 | Godley Benjamin E | Buy | 852 | $13.95 | 11.89K |
| 2023-08-17 | Godley Benjamin E | Buy | 100 | $13.15 | 1.31K |
| 2023-08-16 | Godley Benjamin E | Buy | 1.90K | $12.98 | 24.66K |
| 2023-08-16 | Gusky Adam Samuel | Buy | 1.81K | $12.96 | 23.51K |
| 2023-08-15 | Gusky Adam Samuel | Buy | 1.00K | $13.10 | 13.10K |
| 2023-06-13 | Jaroslawsky Cari L | Buy | 45 | $13.25 | 596 |
| 2023-06-07 | Jaroslawsky Cari L | Buy | 415 | $13.25 | 5.50K |
| 2023-06-06 | Jaroslawsky Cari L | Buy | 5 | $13.25 | 66 |
| 2023-06-05 | Gusky Adam Samuel | Buy | 1 | $13.20 | 13 |
| 2023-06-02 | Gusky Adam Samuel | Buy | 120 | $12.99 | 1.56K |
| 2023-06-01 | Gusky Adam Samuel | Buy | 6 | $12.80 | 77 |
| 2023-05-30 | Gusky Adam Samuel | Buy | 137 | $13.05 | 1.79K |
| 2023-05-26 | Gusky Adam Samuel | Buy | 3 | $13.05 | 39 |
| 2023-05-25 | Gusky Adam Samuel | Buy | 1 | $12.90 | 13 |
| 2023-05-19 | Gusky Adam Samuel | Buy | 571 | $12.97 | 7.41K |
| 2023-05-18 | Gusky Adam Samuel | Buy | 500 | $12.81 | 6.41K |
| 2023-05-16 | PENBERTHY DANIEL P | Buy | 499 | $13.36 | 6.67K |
| 2023-05-12 | PENBERTHY DANIEL P | Buy | 1 | $12.99 | 13 |
| 2023-05-10 | ZAK ROBERT M | Buy | 2.00K | $13.46 | 26.92K |
| 2023-03-14 | Gusky Adam Samuel | Buy | 522 | $13.50 | 7.05K |
| 2023-03-13 | Gusky Adam Samuel | Buy | 2.11K | $13.69 | 28.94K |
| 2023-03-13 | KAILBOURNE ERLAND E | Buy | 1.00K | $13.68 | 13.68K |
| 2022-12-06 | Gusky Adam Samuel | Buy | 1.47K | $14.50 | 21.26K |
| 2022-12-05 | Gusky Adam Samuel | Buy | 134 | $14.50 | 1.94K |
| 2022-11-10 | Jaroslawsky Cari L | Buy | 268 | $15.00 | 4.02K |
| 2022-11-09 | Jaroslawsky Cari L | Buy | 732 | $14.97 | 10.96K |
| 2022-09-02 | Gusky Adam Samuel | Buy | 200 | $14.70 | 2.94K |
| 2022-09-01 | Gusky Adam Samuel | Buy | 102 | $14.35 | 1.46K |
| 2022-08-31 | Gusky Adam Samuel | Buy | 300 | $14.69 | 4.41K |
| 2022-08-31 | Gusky Adam Samuel | Buy | 201 | $14.35 | 2.88K |
| 2022-08-26 | Gusky Adam Samuel | Buy | 65 | $14.90 | 968 |
| 2022-08-26 | Gusky Adam Samuel | Buy | 30 | $14.79 | 444 |
| 2022-08-24 | Gusky Adam Samuel | Buy | 30 | $14.80 | 444 |
| 2022-08-24 | Gusky Adam Samuel | Buy | 16 | $14.50 | 232 |
| 2022-08-23 | Gusky Adam Samuel | Buy | 4 | $14.25 | 57 |
| 2022-08-22 | Gusky Adam Samuel | Buy | 42 | $14.50 | 609 |
| 2022-08-22 | Gusky Adam Samuel | Buy | 102 | $14.25 | 1.45K |
| 2022-06-07 | PENBERTHY DANIEL P | Buy | 1.00K | $15.30 | 15.30K |
| 2022-05-16 | KAILBOURNE ERLAND E | Buy | 1.00K | $14.95 | 14.95K |
| 2022-05-13 | Gusky Adam Samuel | Buy | 1 | $14.75 | 15 |
| 2022-05-13 | Gusky Adam Samuel | Buy | 112 | $14.40 | 1.61K |
| 2022-05-11 | Gusky Adam Samuel | Buy | 1.50K | $14.75 | 22.12K |
| 2022-05-10 | Gusky Adam Samuel | Buy | 7.54K | $14.88 | 112.25K |
| 2022-05-10 | Godley Benjamin E | Buy | 1.61K | $14.90 | 23.93K |
| 2022-04-21 | Jaroslawsky Cari L | Other | 0 | — | — |
| 2022-03-14 | Gusky Adam Samuel | Buy | 500 | $16.22 | 8.11K |
| 2022-03-14 | KAILBOURNE ERLAND E | Buy | 1.00K | $16.46 | 16.46K |
| 2022-03-11 | Gusky Adam Samuel | Buy | 1.00K | $15.49 | 15.49K |
| 2022-03-11 | ZAK ROBERT M | Buy | 256 | $16.48 | 4.22K |
| 2022-01-27 | Eastgate Heather | Other | 0 | — | — |
| 2021-12-13 | East Asset Management, LLC | Buy | 5.62K | $17.50 | 98.35K |
| 2021-12-10 | East Asset Management, LLC | Buy | 3.68K | $17.50 | 64.40K |
| 2021-12-06 | East Asset Management, LLC | Buy | 3.75K | $17.00 | 63.77K |
| 2021-12-03 | East Asset Management, LLC | Buy | 10 | $17.00 | 170 |
| 2021-12-01 | Stone Nancy Marie | Other | 0 | — | — |
| 2021-12-01 | KAILBOURNE ERLAND E | Buy | 1.53K | $16.94 | 25.95K |
| 2021-12-01 | Brechtel Margaret | Other | 0 | — | — |
| 2021-11-30 | East Asset Management, LLC | Buy | 2.81K | $16.75 | 46.98K |
| 2021-11-29 | East Asset Management, LLC | Buy | 9 | $16.50 | 148 |
| 2021-11-24 | East Asset Management, LLC | Buy | 594 | $16.50 | 9.80K |
| 2021-11-23 | East Asset Management, LLC | Buy | 100 | $16.50 | 1.65K |
| 2021-11-22 | East Asset Management, LLC | Buy | 3 | $16.50 | 50 |
| 2021-11-17 | Gusky Adam Samuel | Buy | 1.45K | $16.25 | 23.59K |
| 2021-11-15 | Gusky Adam Samuel | Buy | 6 | $15.95 | 96 |
| 2021-11-12 | Gusky Adam Samuel | Buy | 113 | $15.80 | 1.79K |
| 2021-11-12 | Gusky Adam Samuel | Buy | 1 | $15.79 | 16 |
| 2021-11-12 | Gusky Adam Samuel | Buy | 75 | $16.00 | 1.20K |
| 2021-11-11 | Gusky Adam Samuel | Buy | 85 | $15.70 | 1.33K |
| 2021-11-11 | Gusky Adam Samuel | Buy | 4 | $15.80 | 63 |
| 2021-11-10 | Gusky Adam Samuel | Buy | 100 | $15.94 | 1.59K |
| 2021-11-10 | Gusky Adam Samuel | Buy | 200 | $15.91 | 3.18K |
| 2021-11-10 | Gusky Adam Samuel | Buy | 3 | $15.66 | 47 |
| 2021-11-10 | Gusky Adam Samuel | Buy | 121 | $15.75 | 1.91K |
| 2020-12-31 | KAILBOURNE ERLAND E | Other | 0 | — | — |
| 2020-12-31 | KAILBOURNE ERLAND E | Sell | 0 | — | — |
| 2020-12-31 | KAILBOURNE ERLAND E | Other | 0 | — | — |
| 2020-12-31 | KAILBOURNE ERLAND E | Other | 0 | — | — |
| 2020-12-31 | KAILBOURNE ERLAND E | Other | 0 | — | — |
| 2020-12-31 | KAILBOURNE ERLAND E | Other | 0 | — | — |
| 2020-12-31 | PENBERTHY DANIEL P | Other | 0 | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 8, holders +2 vs prior quarter. Ownership 1.61%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| COURIER CAPITAL LLC | 15.38K | 0 | 0.00% | 156.90K |
| SHUFRO ROSE & CO LLC | 14.00K | 0 | 0.00% | 142.80K |
| WNY ASSET MANAGEMENT, LLC | 13.25K | 13.25K | New | 135.15K |
| UBS GROUP AG | 2.24K | 2.24K | New | 22.87K |
| OSAIC HOLDINGS, INC. | 2.24K | 1.49K | +199.46% | 22.82K |
| BULLOCK WEALTH MANAGEMENT GROUP | 642 | 0 | 0.00% | 6.57K |
| MORGAN STANLEY | 1 | 0 | 0.00% | 18 |
| WELLS FARGO & COMPANY/MN | 1 | 1 | New | 7 |
| JPMORGAN CHASE & CO | 0 | -91 | -100.00% | 0 |
Earnings and financials
Rand Capital Corp (RAND) trades at $9.29, with a market cap of $27.59M and a trailing P/E of -243.50. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| -5040748 | 1256758 | 1767577 | -587281 | 3456980 | 17208119 | 682436 | 9139778 | 11219171 | 4473579 |
Insights · Dividends · Forecast · Financials · Learn