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Rand Capital (RAND)
:RAND
Earnings Data
Report Date
Aug 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
3Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: -17.20%
|Next Earnings Date:Aug 11, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects strong financial management with significant increases in net investment income, successful portfolio exits, and a robust balance sheet. However, challenges such as a decline in total investment income, reduced portfolio value, and economic uncertainties pose risks. Despite these issues, the company remains well-positioned for future opportunities.Company Guidance
In Rand Capital Corporation’s first quarter 2025 financial results call, the company reported a 45% year-over-year increase in net investment income, reaching $1.2 million or $0.42 per share, despite a modest decline in total investment income. The net asset value per share decreased to $21.99 from $25.31 at year-end 2024, reflecting the issuance of additional shares due to the fourth quarter dividend. Rand Capital realized a gain of $925,000 from portfolio redemptions and repaid $600,000 of revolver debt, ending the quarter with $5 million in cash and over $22 million in available credit capacity. The portfolio's fair value was approximately $62 million, with debt investments comprising 72% and yielding an annualized weighted average of 12.2%. The company made a $375,000 follow-on investment in ITA and exited three investments, resulting in full principal repayment and additional gains. The quarterly cash dividend was maintained at $0.29 per share, and the share repurchase program was renewed, authorizing the repurchase of up to $1.5 million in common stock.Significant Increase in Net Investment Income
Net investment income increased by 45% year-over-year, reaching $1.2 million or $0.42 per share, supported by non-recurring fee income and a 36% reduction in total expenses.
Strong Balance Sheet and Liquidity
Ended the quarter with nearly $5 million in cash and over $22 million in available credit capacity after repaying $600,000 in revolver debt.
Successful Portfolio Exits
Realized a gain of $925,000 from portfolio redemptions and exited investments in Mattison Avenue Holdings, Pressure Pro, and HDI Acquisition, resulting in full repayment of debt instruments.
Dividend Payment and Share Issuance
Paid a Q4 2024 dividend in January 2025, which included a stock component, resulting in the issuance of approximately 389,000 new shares, and declared a Q2 dividend of $0.29 per share.
Portfolio Valuation and Income Generation Strategy
Portfolio stood at a fair value of approximately $62 million, with debt investments representing 72%, supporting greater earning stability with an annualized weighted average yield of 12.2%.
Share Repurchase Program
The board renewed the company’s share repurchase program, authorizing the repurchase of up to $1.5 million in additional Rand Capital common stock.
RAND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RAND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | $18.72 | $19.40 | +3.63% |
Mar 10, 2025 | $21.75 | $19.19 | -11.77% |
Nov 06, 2024 | $13.28 | $13.24 | -0.30% |
Aug 06, 2024 | $13.70 | $13.72 | +0.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rand Capital (RAND) report earnings?
Rand Capital (RAND) is schdueled to report earning on Aug 11, 2025, TBA Not Confirmed.
What is Rand Capital (RAND) earnings time?
Rand Capital (RAND) earnings time is at Aug 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RAND EPS forecast?
Currently, no data Available