RAND CAPITAL CORPORATION
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.4M | $-367.5K | $1.1M | $-2.2M | $-7.7M | $841.4K | $-2.9M | $2.6M |
| Depreciation & Amortization | — | $6.3K | — | — | — | $6.3K | — | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | — | $-3.5M | — | — | — | $7.7M | — | — |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | — | — | — | — | — | — | — |
| Financing Activities | ||||||||
| Dividends Paid | — | $861.1K | — | — | — | $3.0M | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $-361.1K | — | — | — | $-3.6M | — | — |
| Net Change in Cash | — | $-3.9M | — | — | — | $4.1M | — | — |
| Free Cash Flow | — | — | — | — | — | — | — | — |