Rand Capital Q2 FY26 net investment income drops 71% to $709,661; total investment income falls 13% to $1.4 million
RAND•Q2 FY2026 results
Rand Capital posted Q2 FY2026 net investment income of $709,661, down from $2.48 million a year earlier.
Total investment income fell 13% to $1.4 million, pressured by non-accruals.
Management comment
CEO Daniel P. Penberthy cited continued portfolio management amid non-accrual pressure.
Net asset value and investment activity
Net asset value per share edged down to $17.33 at June 30, 2026, from $17.57 at Dec. 31, 2025.
Rand realized a $958,948 gain on an investment exit, while net change in unrealized depreciation was $302,331.
The company deployed $6.9 million into two new investments.
