Rand Capital (RAND) Balance Sheet: Assets & Liabilities

Rand Capital (RAND) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Rand Capital reported total assets of $53.20M and total liabilities of $1.01M. Shareholders' equity was $52.18M, down 20.1% from $65.33M a year earlier. Total debt stood at $0.00 against $4.21M in cash and short-term investments, a net cash position of $4.21M. That puts debt-to-equity at 0.00, compared with 0.01 a year earlier.

Rand Capital Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Rand Capital Corporation (RAND) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	4.21	0.83	3.30	1.37	0.83	20.37	25.82	4.03	6.26
Cash & Short-Term Investments	4.21	0.83	3.30	1.37	0.83	20.37	25.82	4.03	6.26
Accounts Receivable	0.17	0.39	0.33	0.38	0.23	0.32	0.40	0.16	0.27
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.13	0.02	0.02	0.09	0.01	0.23	0.35	1.14	0.76
Total Current Assets	4.51	1.57	3.77	1.84	1.40	20.92	26.57	5.33	7.30
Non-Current Assets
Property, Plant & Equipment (Net)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Investments	48.48	2.50	4.15	0.00	64.07	0.00	0.00	34.67	32.28
Other Non-Current Assets	0.21	68.32	72.98	61.62	64.07	40.05	37.02	0.00	0.00
Total Non-Current Assets	48.69	70.88	77.25	61.64	64.25	40.05	38.22	35.19	32.84
Total Assets	53.20	72.46	81.02	63.48	65.64	60.97	64.79	40.52	40.13
Current Liabilities
Accounts Payable	0.10	2.26	0.15	0.07	0.05	3.61	0.29	0.37	0.32
Accrued Liabilities	-	3.75	3.26	2.73	4.44	0.16	-	-	-
Other Current Liabilities	-0.10	2.17	0.98	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Liabilities	0.62	6.01	3.40	0.07	4.49	3.61	0.29	0.37	0.32
Non-Current Liabilities
Long-Term Debt	0.00	0.60	16.25	2.55	0.00	10.82	10.79	8.55	7.86
Other Non-Current Liabilities	0.39	4.26	0.55	3.14	4.85	0.43	0.09	0.00	0.00
Total Non-Current Liabilities	0.39	4.86	16.80	5.69	4.85	11.26	10.88	8.63	7.89
Total Liabilities	1.01	7.12	20.21	5.76	4.90	14.86	11.16	9.00	8.22
Stockholders' Equity
Common Stock	0.30	0.26	0.26	0.26	0.26	0.26	1.52	0.69	0.69
Retained Earnings	-10.62	2.54	6.32	7.56	10.37	-4.62	19.44	-1.67	-1.60
Accumulated Other Comprehensive Income	0.00	0.00	-	0.00	0.00	0.00	0.00	26.22	23.72
Treasury Stock	1.57	1.57	1.57	1.57	1.57	-	-	-	-
Additional Paid-in Capital	62.50	55.42	54.23	49.90	51.68	50.46	32.67	6.28	9.11
Shares Outstanding	2.97	2.96	2.96	2.96	2.96	-	-	-	-
Total Stockholders' Equity	52.18	65.33	60.82	57.72	60.75	46.10	53.63	31.52	31.92
Total Liabilities & Equity	53.20	72.46	81.02	63.48	65.64	60.97	64.79	40.52	40.13

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Rand Capital Balance Sheet

How much debt does Rand Capital have?

Rand Capital had total debt of $0.00 as of Dec 31, 2025, against $4.21M in cash and short-term investments. Its debt-to-equity ratio was 0.00. Total debt was $600.00K a year earlier.

What are Rand Capital's total assets?

Rand Capital reported total assets of $53.20M as of Dec 31, 2025, down 26.6% from $72.46M a year earlier. Total liabilities were $1.01M.

What is Rand Capital's shareholders' equity?

Rand Capital's shareholders' equity was $52.18M as of Dec 31, 2025, or about $17.57 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition