Rand Capital Corporation (RAND)

Rand Capital Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-8.04	8.83	6.53	-0.88	15.8
Depreciation & Amortization	0.03	0.03	0.03	0.01	0.18
Other Adjustments	22.37	6.34	-15.63	2.72	-24.34
Changes in Accrued Interest and Accounts Receivable	0.16	-0.11	-0.04	-0.08	0.15
Changes in Other Operating Activities	-3.26	0.25	0.77	-1.52	4.28
Operating Cash Flow	11.25	15.33	-8.34	0.25	-3.94
Operating Cash Flow Growth	-26.61%	-	-	-	-
Net Short-Term Debt Issued (Repaid)	-0.6	-15.65	13.7	2.55	-
Long-Term Debt Repaid	-	-	-	-	-11
Net Long-Term Debt Issued (Repaid)	-	-	-	-	-11
Repurchase of Common Stock	-	-	-	-	-0.02
Net Common Stock Issued (Repurchased)	-	-	-	-	-0.02
Common Dividends Paid	-7.28	-2.14	-3.43	-2.14	-4.57
Other Financing Activities	-	-	-	-0.13	-
Financing Cash Flow	-7.88	-17.79	10.27	0.28	-15.59
Net Cash Flow	3.37	-2.46	1.93	0.54	-19.53
Free Cash Flow	11.25	15.33	-8.34	0.25	-3.94
Free Cash Flow Growth	-26.61%	-	-	-	-
FCF Margin	173.77%	179.12%	-113.66%	4.38%	-96.67%
Free Cash Flow Per Share	3.82	5.94	-3.23	0.10	-1.33
Levered Free Cash Flow	-11.71	-6.66	20.99	0.09	9.4
Unlevered Free Cash Flow	-3.07	0.16	0.76	-1.58	4.6

Updated Mar 5, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q