Rand Capital Corporation (RAND) Earnings History
Net Loss32 years of earnings data (1994–2025) · Currently unprofitable on a TTM basis
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Rand Capital Corporation (RAND) Earnings Overview
As of June 29, 2026, Rand Capital Corporation (RAND) reported trailing twelve-month net income of -$9M, reflecting -179.8% year-over-year growth. The company earned $-3.11 per diluted share over the past four quarters, with a net profit margin of -179.7%.
Looking at the long-term picture, RAND's historical earnings data spans multiple years. The company achieved its highest annual net income of $16M in fiscal 2021.
Rand Capital Corporation is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including GAIN ($195M net income, 258.5% margin), CSWC ($113M net income, 45.9% margin), TPVG (-$12M net income, 50.6% margin), RAND has room to improve margins relative to the peer group. Compare RAND vs GAIN →
RAND Earnings vs Peers
Earnings metrics vs comparable public companies
RAND Historical Earnings Data (1994–2025)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$8M | -191.1% | -$8M | $-2.73 | -179.7% | -176.2% |
| 2024 | $9M | +35.3% | $9M | $3.42 | 78.7% | 78.3% |
| 2023 | $7M | +840.1% | $7M | $2.53 | 71.4% | 74.7% |
| 2022 | $-881,849 | -105.6% | $-558,327 | $-0.34 | -129.2% | -81.8% |
| 2021 | $16M | +2024.0% | $16M | $6.12 | 91.8% | 90.6% |
| 2020 | $743,766 | +132.5% | $2M | $0.33 | 21.5% | 59.9% |
| 2019 | -$2M | -480.4% | -$3M | $-2.74 | - | - |
| 2018 | $-394,498 | +44.5% | $-301,095 | $-0.56 | -22.3% | -17.0% |
| 2017 | $-710,678 | +40.9% | $-742,219 | $-1.01 | -56.5% | -59.1% |
| 2016 | -$1M | -180.2% | -$7M | $-1.71 | - | - |
| 2015 | $2M | -67.0% | $2M | $2.16 | 37.5% | 57.7% |
| 2014 | $5M | +58.1% | $4M | $6.39 | 75.0% | 74.2% |
| 2013 | $3M | +48.1% | $2M | $3.96 | 95.0% | 54.0% |
| 2012 | $2M | +43.9% | $2M | $2.61 | 50.8% | 63.0% |
| 2011 | $1M | +969.5% | $3M | $1.80 | 30.3% | 64.0% |
| 2010 | $-155,063 | +79.0% | -$2M | $-0.20 | - | - |
| 2009 | $-739,420 | -280.7% | $-776,130 | $-1.09 | -42.3% | -44.4% |
| 2008 | $409,143 | -85.0% | $637,433 | $0.63 | 17.3% | 27.0% |
| 2007 | $3M | -66.7% | $4M | $0.48 | 47.2% | 71.3% |
| 2006 | $8M | +2091.8% | $13M | $1.43 | 55.4% | 89.7% |
| 2005 | $-410,000 | -95.2% | $-530,000 | $-0.07 | -55.4% | -71.6% |
| 2004 | $-210,000 | +38.2% | $-140,000 | $-0.04 | -27.6% | -18.4% |
| 2003 | $-340,000 | +20.9% | $-490,000 | $-0.06 | -75.6% | -108.9% |
| 2002 | $-430,000 | -126.2% | $-600,000 | $-0.07 | -165.4% | -230.8% |
| 2001 | $2M | +127.8% | $-670,000 | $0.28 | 1025.0% | -418.8% |
| 2000 | $720,000 | +214.3% | $-390,000 | $0.13 | 300.0% | -162.5% |
| 1999 | $-630,000 | -57.5% | $-380,000 | $-0.11 | -175.0% | -105.6% |
| 1994 | $-400,000 | - | $-600,000 | $-0.60 | -133.3% | -200.0% |
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Intrinsic Valuation
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RAND — Frequently Asked Questions
Quick answers to the most common questions about buying RAND stock.
What is RAND earnings per share (EPS)?
RAND trailing twelve-month (TTM) diluted EPS is $-3.11, reflecting -179.8% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is Rand Capital Corporation's net income?
Rand Capital Corporation (RAND) trailing twelve-month net income is $-9M as of 2025. Earnings declined -179.8% year-over-year.
Is RAND profitable?
RAND is not currently profitable on a TTM basis, reporting a net loss of $-9M. Net margin is -179.7%. Investors should monitor for a return to profitability.
What is RAND's earnings growth rate?
RAND compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are RAND's profit margins?
Rand Capital Corporation net profit margin is -179.7%, operating margin is -176.2%, and gross margin is +106.7%. Below-average margins reflect competitive or cost pressures. Return on Equity is -13.7%.
Is RAND growing earnings?
RAND earnings are declining — EPS fell -179.8% year-over-year. TTM net income dropped to $-9M. This contrasts with the 5-year CAGR of N/A.
What was RAND's best earnings year?
Rand Capital Corporation's highest annual net income on record is $16M, achieved in fiscal year 2021. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were RAND's earnings last quarter?
RAND's most recent reported quarter was Q1 2026. Net income was $-367469.00 with diluted EPS of $0.00. For a full breakdown of all quarters, see the quarterly earnings table on this page.