Rand Capital Corporation (RAND) 10-Year Financial Performance & Capital Metrics

RAND • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

AboutRand Capital Corporation is a business development company and regulated investment company specializing in private equity investments. The firm prefers to make investments through equity or debt instruments in lower middle market and in small to medium-sized privately held companies. It generally lends to more mature companies. The firm does not prefer to invest in real estate sector. It invests in companies that are engaged in the exploitation of new or unique products, technologies, or services. The firm invests in healthcare, consumer products, manufacturing, software, and professional services. It seeks to invest in companies based in the Western and Upstate New York region and its surrounding states with focus on Buffalo and Niagara region. The firm may invest in region within three to five hour drives from Western New York including Canada. It typically invests between $0.5 million and $1.5 million and the total investment in rounds is between $1 million and $5 million. The firm seeks to invest up to maximum of $3 million total per company as part of follow-on investments. It invest in startups and companies having annual revenue up to $10 million. It invest companies having EBITDA up to $5 million. The firm Follow-on investment(s) up to a targeted maximum of $2 million to $3 million total per company. The firm frequently participate three investment round. The firm seeks to be a lead investor in companies within its geographical area and participates in syndicate/co-invest with other investors outside it. It prefers to invest in businesses that are unique or possess proprietary right. The firm prefers to be a minority investor and seeks to take a Board seat in its portfolio companies. It typically holds its investments for a period of five to seven years. Rand Capital Corporation was founded in 1969 and is based in Buffalo, New York.Show more

Net Interest Income $7M +34.5%
Total Revenue $11M +22.8%
Net Income $9M +35.3%
Return on Equity 14% +27.1%
Net Interest Margin 9.16% +50.5%
Efficiency Ratio 11.99% -13.8%
ROA 11.5% +27.3%
Equity / Assets 90.17% +20.1%
Book Value per Share 25.31 +7.4%
Tangible BV/Share 25.31 +7.4%
Debt/Equity 0.01 -96.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 8/9
✓Strong NIM of 9.2%
✓Efficient operations: 12.0% efficiency ratio
✓Well capitalized: 90.2% equity/assets
✓Diversified revenue: 31.1% from non-interest income

✗Weaknesses

✗Weak momentum: RS Rating 13 (bottom 13%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.36%

5Y-

3Y-13.29%

TTM-

Profit (Net Income) CAGR

10Y6.87%

5Y-

3Y-17.63%

TTM-193.85%

EPS CAGR

10Y-6.06%

5Y-

3Y-17.63%

TTM-166.67%

ROCE

10Y Avg2.85%

5Y Avg9.83%

3Y Avg6.79%

Latest11.71%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	406.13K	502.02K	875.8K	1.23M	1.28M	2.13M	2.41M	4.08M	4.94M	6.64M
NII Growth %	-0.24%	0.24%	0.74%	0.4%	0.04%	0.67%	0.13%	0.69%	0.21%	0.35%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	713.16K	812.29K	1.19M	1.54M	1.69M	2.55M	3.03M	4.15M	5.98M	7.73M
Interest Expense	307.03K	310.28K	310.27K	311K	408.04K	416.76K	617.27K	69.96K	1.04M	1.09M
Loan Loss Provision	0	0	0	0	0	0	0	0	0	0
Non-Interest Income+	3.29M	-5.85M	70.68K	231.22K	-2.27M	907.25K	14.18M	-3.47M	3.16M	3.49M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	4M	-5.04M	1.26M	1.77M	-587.28K	3.46M	17.21M	682.44K	9.14M	11.22M
Revenue Growth %	-0.34%	-2.26%	1.25%	0.41%	-1.33%	6.89%	3.98%	-0.96%	12.39%	0.23%
Non-Interest Expense	1.39M	1.71M	1.69M	1.76M	2.16M	968.7K	994.9K	1.17M	1.27M	1.34M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	2.31M	-7.06M	-742.22K	-301.1K	-3.16M	2.07M	15.6M	-558.33K	6.82M	8.78M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.49%	-4.06%	0.89%	0.59%	-9.49%	1.66%	6.53%	-1.04%	13.22%	0.29%
Pretax Income+	2.31M	-7.06M	-742.22K	-301.1K	-3.16M	2.07M	15.6M	-558.33K	6.82M	8.78M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	808.63K	-5.85M	-31.54K	93.4K	-867.84K	1.33M	-201.48K	323.52K	296.68K	-43.05K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.5M	-1.2M	-710.68K	-394.5K	-2.29M	743.77K	15.8M	-881.85K	6.53M	8.83M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.67%	-1.8%	0.41%	0.44%	-4.8%	1.32%	20.24%	-1.06%	8.4%	0.35%
Net Income (Continuing)	1.5M	-1.2M	-710.68K	-394.5K	-2.29M	743.77K	15.8M	-881.85K	6.53M	8.83M
EPS (Diluted)+	2.16	-1.71	-1.01	-0.56	-2.74	0.33	6.12	-0.34	2.53	3.42
EPS Growth %	-0.66%	-1.79%	0.41%	0.45%	-3.89%	1.12%	17.55%	-1.06%	8.44%	0.35%
EPS (Basic)	2.16	-1.71	-1.01	-0.56	-2.74	0.33	6.12	-0.34	2.53	3.42
Diluted Shares Outstanding	703.17K	702.87K	702.44K	702.44K	836.89K	2.27M	2.58M	2.58M	2.58M	2.58M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	833.88K	1000K	1000K	834.8K
Cash & Due from Banks	5.84M	12.28M	6.26M	4.03M	25.82M	20.37M	833.88K	1.37M	3.3M	834.8K
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	36.83M	27.5M	32.28M	34.67M	0	0	0	0	77.13M	0
Investments Growth %	0.22%	-0.25%	0.17%	0.07%	-1%	-	-	-	-	-1%
Long-Term Investments	36.83M	27.5M	32.28M	34.67M	0	0	0	0	77.13M	0
Accounts Receivables	215.22K	324.24K	231.05K	145.53K	399.35K	323.89K	299.53K	379.98K	0	393.58K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	11.68K	6.52K	2.49K	262	0	0	0	0	0	0
Other Assets	0	0	0	0	37.02M	40.05M	64.07M	61.62M	126.68K	70.88M
Total Current Assets	7.72M	13.75M	7.3M	5.33M	26.57M	20.92M	1.4M	1.84M	3.77M	1.57M
Total Non-Current Assets	36.84M	28.67M	32.84M	35.19M	38.22M	40.05M	64.25M	61.64M	77.25M	70.88M
Total Assets+	44.56M	42.42M	40.13M	40.52M	64.79M	60.97M	65.64M	63.48M	81.02M	72.46M
Asset Growth %	-0.02%	-0.05%	-0.05%	0.01%	0.6%	-0.06%	0.08%	-0.03%	0.28%	-0.11%
Return on Assets (ROA)	0.03%	-0.03%	-0.02%	-0.01%	-0.04%	0.01%	0.25%	-0.01%	0.09%	0.12%
Accounts Payable	520.91K	1.59M	322.35K	370.76K	287.87K	3.61M	51.69K	66.68K	145.52K	2.26M
Total Debt+	8M	7.83M	7.86M	8.55M	10.79M	10.82M	0	2.55M	16.25M	600K
Net Debt	2.16M	-4.45M	1.59M	4.52M	-15.03M	-9.54M	-833.88K	1.18M	12.95M	-234.81K
Long-Term Debt	8M	7.83M	7.86M	8.55M	10.79M	10.82M	0	2.55M	16.25M	600K
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	-8.2M	320.01K	0	0	88.15K	432.04K	4.85M	3.14M	552.26K	4.26M
Total Current Liabilities	8.52M	1.59M	322.35K	370.76K	287.87K	3.61M	51.69K	66.68K	1.12M	2.26M
Total Non-Current Liabilities	2.19M	8.19M	7.89M	8.63M	10.88M	11.26M	4.85M	5.69M	16.8M	4.86M
Total Liabilities	10.71M	9.79M	8.22M	9M	11.16M	14.86M	4.9M	5.76M	20.21M	7.12M
Total Equity+	33.85M	32.63M	31.92M	31.52M	53.63M	46.1M	60.75M	57.72M	60.82M	65.33M
Equity Growth %	0.05%	-0.04%	-0.02%	-0.01%	0.7%	-0.14%	0.32%	-0.05%	0.05%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.05%	-0.04%	-0.02%	-0.01%	-0.05%	0.01%	0.3%	-0.01%	0.11%	0.14%
Book Value per Share	48.14	46.42	45.44	44.88	64.08	20.33	23.53	22.36	23.56	25.31
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	686.3K	686.3K	686.3K	686.3K	1.52M	264.89K	264.89K	264.89K	264.89K	264.89K
Additional Paid-in Capital	10.58M	10.58M	10.58M	10.58M	34.14M	52M	51.68M	51.46M	55.8M	55.42M
Retained Earnings	-24.58K	-1.58M	-1.6M	-1.67M	19.44M	-4.62M	10.37M	7.56M	6.32M	2.54M
Accumulated OCI	24.06M	24.41M	23.72M	26.22M	0	0	0	0	0	0
Treasury Stock	-1.45M	-1.47M	-1.47M	-1.47M	-1.47M	-1.55M	-1.57M	-1.57M	-1.57M	-1.57M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.38M	6.46M	-6.02M	-2.9M	5.84M	6.09M	6.38M	252.37K	6.12M	15.33M
Operating CF Growth %	-0.76%	3.71%	-1.93%	0.52%	3.01%	0.04%	0.05%	-0.96%	23.24%	1.51%
Net Income	1.5M	-1.2M	-710.68K	-394.5K	-2.29M	743.77K	15.8M	-881.85K	6.53M	8.83M
Depreciation & Amortization	33.05K	33.39K	31.43K	29.69K	37.3K	37.67K	175.41K	12.5K	25K	25K
Deferred Taxes	522.84K	-3.53M	613.3K	26.66K	0	0	0	152.84K	0	37.02K
Other Non-Cash Items	293.07K	-3.14M	311.73K	-552.67K	7.62M	4.86M	-14.02M	2.56M	-1.17M	6.31M
Working Capital Changes	-2.92M	1.82M	-1.17M	-179.17K	472.44K	455.37K	4.42M	-1.6M	734.96K	134.43K
Cash from Investing+	-5.01M	-837	-4.62M	-2.49M	-1.1M	-6.71M	-10.32M	3.54M	-14.46M	0
Purchase of Investments	-6.97M	-5.88M	-5.4M	-2.49M	-2.65M	-11.33M	-19.65M	-7.03M	-20.35M	0
Sale/Maturity of Investments	648.61K	1000K	781.52K	0	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	1.32M	0	0	0	0	0	0	7.03M	0	-19.42M
Cash from Financing+	0	-21.61K	0	671.81K	17.04M	-4.83M	-15.59M	282.75K	10.27M	-17.79M
Dividends Paid	0	0	0	0	0	-4.76M	-4.57M	-2.14M	-3.43M	-2.14M
Share Repurchases	0	-21.61K	0	0	0	-76.73K	-20.77K	0	0	0
Stock Issued	0	0	0	0	14.84M	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	750K	1000K	0	-1000K	1000K	1000K	-1000K
Other Financing	0	0	0	-78.19K	0	0	0	-125K	0	0
Net Change in Cash+	-7.39M	6.44M	-6.02M	-2.23M	21.78M	-5.45M	-19.53M	535.12K	1.93M	-2.46M
Exchange Rate Effect	0	0	0	0	0	0	0	-1000K	0	0
Cash at Beginning	13.23M	5.84M	12.28M	6.26M	4.03M	25.82M	20.37M	833.88K	1.37M	3.3M
Cash at End	5.84M	12.28M	6.26M	4.03M	25.82M	20.37M	833.88K	1.37M	3.3M	834.8K
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	-2.38M	6.46M	-6.02M	-2.9M	5.84M	6.09M	6.38M	252.37K	6.12M	15.33M
FCF Growth %	-0.75%	3.71%	-1.93%	0.52%	3.01%	0.04%	0.05%	-0.96%	23.24%	1.51%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.53%	-3.62%	-2.2%	-1.24%	-5.38%	1.49%	29.57%	-1.49%	11.01%	14%
Return on Assets (ROA)	3.33%	-2.77%	-1.72%	-0.98%	-4.35%	1.18%	24.95%	-1.37%	9.03%	11.5%
Net Interest Margin	0.91%	1.18%	2.18%	3.02%	1.97%	3.5%	3.68%	6.43%	6.09%	9.16%
Efficiency Ratio	34.66%	-33.84%	134.37%	99.44%	-368.17%	28.02%	5.78%	171.56%	13.91%	11.99%
Equity / Assets	75.97%	76.92%	79.53%	77.8%	82.77%	75.62%	92.54%	90.93%	75.06%	90.17%
Book Value / Share	48.14	46.42	45.44	44.88	64.08	20.33	23.53	22.36	23.56	25.31
NII Growth	-24.47%	23.61%	74.46%	39.91%	4.38%	66.76%	13.19%	69.12%	20.88%	34.55%
Dividend Payout	-	-	-	-	-	-	-	-	-	24.27%

Frequently Asked Questions

Valuation & Price

Rand Capital Corporation (RAND) has a price-to-earnings (P/E) ratio of 3.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Rand Capital Corporation (RAND) grew revenue by 22.8% over the past year. This is strong growth.

Rand Capital Corporation (RAND) reported a net loss of $12.1M for fiscal year 2024.

Dividend & Returns

Yes, Rand Capital Corporation (RAND) pays a dividend with a yield of 7.12%. This makes it attractive for income-focused investors.

Rand Capital Corporation (RAND) has a return on equity (ROE) of 14.0%. This is reasonable for most industries.

Industry Metrics

Rand Capital Corporation (RAND) has a net interest margin (NIM) of 9.2%. This indicates healthy earnings from lending activities.

Rand Capital Corporation (RAND) has an efficiency ratio of 12.0%. This is excellent, indicating strong cost control.

US Stock Screener

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Rand Capital Corporation (RAND) 10-Year Financial Performance & Capital Metrics

RAND • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

Net Interest Income $7M +34.5%
Total Revenue $11M +22.8%
Net Income $9M +35.3%
Return on Equity 14% +27.1%
Net Interest Margin 9.16% +50.5%
Efficiency Ratio 11.99% -13.8%
ROA 11.5% +27.3%
Equity / Assets 90.17% +20.1%
Book Value per Share 25.31 +7.4%
Tangible BV/Share 25.31 +7.4%
Debt/Equity 0.01 -96.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 8/9
✓Strong NIM of 9.2%
✓Efficient operations: 12.0% efficiency ratio
✓Well capitalized: 90.2% equity/assets
✓Diversified revenue: 31.1% from non-interest income

✗Weaknesses

✗Weak momentum: RS Rating 13 (bottom 13%)
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6.36%

5Y-

3Y-13.29%

TTM-

Profit (Net Income) CAGR

10Y6.87%

5Y-

3Y-17.63%

TTM-193.85%

EPS CAGR

10Y-6.06%

5Y-

3Y-17.63%

TTM-166.67%

ROCE

10Y Avg2.85%

5Y Avg9.83%

3Y Avg6.79%

Latest11.71%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	406.13K	502.02K	875.8K	1.23M	1.28M	2.13M	2.41M	4.08M	4.94M	6.64M
NII Growth %	-0.24%	0.24%	0.74%	0.4%	0.04%	0.67%	0.13%	0.69%	0.21%	0.35%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	713.16K	812.29K	1.19M	1.54M	1.69M	2.55M	3.03M	4.15M	5.98M	7.73M
Interest Expense	307.03K	310.28K	310.27K	311K	408.04K	416.76K	617.27K	69.96K	1.04M	1.09M
Loan Loss Provision	0	0	0	0	0	0	0	0	0	0
Non-Interest Income+	3.29M	-5.85M	70.68K	231.22K	-2.27M	907.25K	14.18M	-3.47M	3.16M	3.49M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	4M	-5.04M	1.26M	1.77M	-587.28K	3.46M	17.21M	682.44K	9.14M	11.22M
Revenue Growth %	-0.34%	-2.26%	1.25%	0.41%	-1.33%	6.89%	3.98%	-0.96%	12.39%	0.23%
Non-Interest Expense	1.39M	1.71M	1.69M	1.76M	2.16M	968.7K	994.9K	1.17M	1.27M	1.34M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	2.31M	-7.06M	-742.22K	-301.1K	-3.16M	2.07M	15.6M	-558.33K	6.82M	8.78M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.49%	-4.06%	0.89%	0.59%	-9.49%	1.66%	6.53%	-1.04%	13.22%	0.29%
Pretax Income+	2.31M	-7.06M	-742.22K	-301.1K	-3.16M	2.07M	15.6M	-558.33K	6.82M	8.78M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	808.63K	-5.85M	-31.54K	93.4K	-867.84K	1.33M	-201.48K	323.52K	296.68K	-43.05K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.5M	-1.2M	-710.68K	-394.5K	-2.29M	743.77K	15.8M	-881.85K	6.53M	8.83M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.67%	-1.8%	0.41%	0.44%	-4.8%	1.32%	20.24%	-1.06%	8.4%	0.35%
Net Income (Continuing)	1.5M	-1.2M	-710.68K	-394.5K	-2.29M	743.77K	15.8M	-881.85K	6.53M	8.83M
EPS (Diluted)+	2.16	-1.71	-1.01	-0.56	-2.74	0.33	6.12	-0.34	2.53	3.42
EPS Growth %	-0.66%	-1.79%	0.41%	0.45%	-3.89%	1.12%	17.55%	-1.06%	8.44%	0.35%
EPS (Basic)	2.16	-1.71	-1.01	-0.56	-2.74	0.33	6.12	-0.34	2.53	3.42
Diluted Shares Outstanding	703.17K	702.87K	702.44K	702.44K	836.89K	2.27M	2.58M	2.58M	2.58M	2.58M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	833.88K	1000K	1000K	834.8K
Cash & Due from Banks	5.84M	12.28M	6.26M	4.03M	25.82M	20.37M	833.88K	1.37M	3.3M	834.8K
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	36.83M	27.5M	32.28M	34.67M	0	0	0	0	77.13M	0
Investments Growth %	0.22%	-0.25%	0.17%	0.07%	-1%	-	-	-	-	-1%
Long-Term Investments	36.83M	27.5M	32.28M	34.67M	0	0	0	0	77.13M	0
Accounts Receivables	215.22K	324.24K	231.05K	145.53K	399.35K	323.89K	299.53K	379.98K	0	393.58K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	11.68K	6.52K	2.49K	262	0	0	0	0	0	0
Other Assets	0	0	0	0	37.02M	40.05M	64.07M	61.62M	126.68K	70.88M
Total Current Assets	7.72M	13.75M	7.3M	5.33M	26.57M	20.92M	1.4M	1.84M	3.77M	1.57M
Total Non-Current Assets	36.84M	28.67M	32.84M	35.19M	38.22M	40.05M	64.25M	61.64M	77.25M	70.88M
Total Assets+	44.56M	42.42M	40.13M	40.52M	64.79M	60.97M	65.64M	63.48M	81.02M	72.46M
Asset Growth %	-0.02%	-0.05%	-0.05%	0.01%	0.6%	-0.06%	0.08%	-0.03%	0.28%	-0.11%
Return on Assets (ROA)	0.03%	-0.03%	-0.02%	-0.01%	-0.04%	0.01%	0.25%	-0.01%	0.09%	0.12%
Accounts Payable	520.91K	1.59M	322.35K	370.76K	287.87K	3.61M	51.69K	66.68K	145.52K	2.26M
Total Debt+	8M	7.83M	7.86M	8.55M	10.79M	10.82M	0	2.55M	16.25M	600K
Net Debt	2.16M	-4.45M	1.59M	4.52M	-15.03M	-9.54M	-833.88K	1.18M	12.95M	-234.81K
Long-Term Debt	8M	7.83M	7.86M	8.55M	10.79M	10.82M	0	2.55M	16.25M	600K
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	-8.2M	320.01K	0	0	88.15K	432.04K	4.85M	3.14M	552.26K	4.26M
Total Current Liabilities	8.52M	1.59M	322.35K	370.76K	287.87K	3.61M	51.69K	66.68K	1.12M	2.26M
Total Non-Current Liabilities	2.19M	8.19M	7.89M	8.63M	10.88M	11.26M	4.85M	5.69M	16.8M	4.86M
Total Liabilities	10.71M	9.79M	8.22M	9M	11.16M	14.86M	4.9M	5.76M	20.21M	7.12M
Total Equity+	33.85M	32.63M	31.92M	31.52M	53.63M	46.1M	60.75M	57.72M	60.82M	65.33M
Equity Growth %	0.05%	-0.04%	-0.02%	-0.01%	0.7%	-0.14%	0.32%	-0.05%	0.05%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.05%	-0.04%	-0.02%	-0.01%	-0.05%	0.01%	0.3%	-0.01%	0.11%	0.14%
Book Value per Share	48.14	46.42	45.44	44.88	64.08	20.33	23.53	22.36	23.56	25.31
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	686.3K	686.3K	686.3K	686.3K	1.52M	264.89K	264.89K	264.89K	264.89K	264.89K
Additional Paid-in Capital	10.58M	10.58M	10.58M	10.58M	34.14M	52M	51.68M	51.46M	55.8M	55.42M
Retained Earnings	-24.58K	-1.58M	-1.6M	-1.67M	19.44M	-4.62M	10.37M	7.56M	6.32M	2.54M
Accumulated OCI	24.06M	24.41M	23.72M	26.22M	0	0	0	0	0	0
Treasury Stock	-1.45M	-1.47M	-1.47M	-1.47M	-1.47M	-1.55M	-1.57M	-1.57M	-1.57M	-1.57M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.38M	6.46M	-6.02M	-2.9M	5.84M	6.09M	6.38M	252.37K	6.12M	15.33M
Operating CF Growth %	-0.76%	3.71%	-1.93%	0.52%	3.01%	0.04%	0.05%	-0.96%	23.24%	1.51%
Net Income	1.5M	-1.2M	-710.68K	-394.5K	-2.29M	743.77K	15.8M	-881.85K	6.53M	8.83M
Depreciation & Amortization	33.05K	33.39K	31.43K	29.69K	37.3K	37.67K	175.41K	12.5K	25K	25K
Deferred Taxes	522.84K	-3.53M	613.3K	26.66K	0	0	0	152.84K	0	37.02K
Other Non-Cash Items	293.07K	-3.14M	311.73K	-552.67K	7.62M	4.86M	-14.02M	2.56M	-1.17M	6.31M
Working Capital Changes	-2.92M	1.82M	-1.17M	-179.17K	472.44K	455.37K	4.42M	-1.6M	734.96K	134.43K
Cash from Investing+	-5.01M	-837	-4.62M	-2.49M	-1.1M	-6.71M	-10.32M	3.54M	-14.46M	0
Purchase of Investments	-6.97M	-5.88M	-5.4M	-2.49M	-2.65M	-11.33M	-19.65M	-7.03M	-20.35M	0
Sale/Maturity of Investments	648.61K	1000K	781.52K	0	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	1.32M	0	0	0	0	0	0	7.03M	0	-19.42M
Cash from Financing+	0	-21.61K	0	671.81K	17.04M	-4.83M	-15.59M	282.75K	10.27M	-17.79M
Dividends Paid	0	0	0	0	0	-4.76M	-4.57M	-2.14M	-3.43M	-2.14M
Share Repurchases	0	-21.61K	0	0	0	-76.73K	-20.77K	0	0	0
Stock Issued	0	0	0	0	14.84M	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	750K	1000K	0	-1000K	1000K	1000K	-1000K
Other Financing	0	0	0	-78.19K	0	0	0	-125K	0	0
Net Change in Cash+	-7.39M	6.44M	-6.02M	-2.23M	21.78M	-5.45M	-19.53M	535.12K	1.93M	-2.46M
Exchange Rate Effect	0	0	0	0	0	0	0	-1000K	0	0
Cash at Beginning	13.23M	5.84M	12.28M	6.26M	4.03M	25.82M	20.37M	833.88K	1.37M	3.3M
Cash at End	5.84M	12.28M	6.26M	4.03M	25.82M	20.37M	833.88K	1.37M	3.3M	834.8K
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	-2.38M	6.46M	-6.02M	-2.9M	5.84M	6.09M	6.38M	252.37K	6.12M	15.33M
FCF Growth %	-0.75%	3.71%	-1.93%	0.52%	3.01%	0.04%	0.05%	-0.96%	23.24%	1.51%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.53%	-3.62%	-2.2%	-1.24%	-5.38%	1.49%	29.57%	-1.49%	11.01%	14%
Return on Assets (ROA)	3.33%	-2.77%	-1.72%	-0.98%	-4.35%	1.18%	24.95%	-1.37%	9.03%	11.5%
Net Interest Margin	0.91%	1.18%	2.18%	3.02%	1.97%	3.5%	3.68%	6.43%	6.09%	9.16%
Efficiency Ratio	34.66%	-33.84%	134.37%	99.44%	-368.17%	28.02%	5.78%	171.56%	13.91%	11.99%
Equity / Assets	75.97%	76.92%	79.53%	77.8%	82.77%	75.62%	92.54%	90.93%	75.06%	90.17%
Book Value / Share	48.14	46.42	45.44	44.88	64.08	20.33	23.53	22.36	23.56	25.31
NII Growth	-24.47%	23.61%	74.46%	39.91%	4.38%	66.76%	13.19%	69.12%	20.88%	34.55%
Dividend Payout	-	-	-	-	-	-	-	-	-	24.27%

Frequently Asked Questions

Valuation & Price

Rand Capital Corporation (RAND) has a price-to-earnings (P/E) ratio of 3.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Rand Capital Corporation (RAND) grew revenue by 22.8% over the past year. This is strong growth.

Rand Capital Corporation (RAND) reported a net loss of $12.1M for fiscal year 2024.

Dividend & Returns

Yes, Rand Capital Corporation (RAND) pays a dividend with a yield of 7.12%. This makes it attractive for income-focused investors.

Rand Capital Corporation (RAND) has a return on equity (ROE) of 14.0%. This is reasonable for most industries.

Industry Metrics

Rand Capital Corporation (RAND) has a net interest margin (NIM) of 9.2%. This indicates healthy earnings from lending activities.

Rand Capital Corporation (RAND) has an efficiency ratio of 12.0%. This is excellent, indicating strong cost control.