Rand Capital Q1 investment income falls 38% to $1.2 million; NAV per share $17.16
Rand Capital reported first quarter 2026 results for the quarter ended March 31, 2026. Total investment income fell 38% from the prior-year quarter to $1.2 million, and the company posted a net decrease in net assets from operations of $367,469, compared with a net increase of $841,447 a year earlier. Net asset value per share fell to $17.16 from $17.57 at December 31, 2025, which matters to shareholders because it reflects lower income, non-accrual loans and unrealized losses on investments.
Key points
- Total investment income was $1.2 million versus $2.0 million a year earlier, mainly due to lower interest income and non-accruals.
- Net investment income was $545,027, or $0.18 per share, versus $1.2 million, or $0.42 per share.
- Net decrease in net assets from operations was $367,469, or $0.12 per share, versus a net increase of $841,447, or $0.29 per share.
- Declared a $0.29 quarterly dividend, payable on or about June 10, 2026, to holders of record as of May 27, 2026.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.