Rand Capital Corporation

RANDNASDAQFinancial Services● Active

$10.15

+$0.00(+0.01%)

Market Cap$30143612

P/E Ratio—

52W High$20

52W Low$10

Avg Volume4K

Open$10.13

Beta0.17

Free Cash Flow Financials Revenue

Rand Capital Corporation (RAND) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

RAND · free cash flow · updated Jun 9, 2026

Core FCF metrics

RAND · FCF · TTM · margin & CAGR

Free cash flow was $11.3M for FY2025 (fiscal year ending 2025-12-31), down 26.6% year-over-year The FCF margin was 251.5%. Five-year CAGR stands at +13.1%.

FY2025 Free Cash Flow$11.3M▼ -26.6% YoY

Trailing 12M (TTM)$3.8Mtrailing 4 quarters sum

FCF Margin251.5%$11.3M ÷ revenue

3-Year CAGR+254.6%FY2022 → FY2025

5-Year CAGR+13.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

RAND · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$11.3M(0M)$11.3M▼ 26.6%251.5%

FY2024$15.3M(0M)$15.3M▲ +150.6%136.7%

FY2023$6.1M(0M)$6.1M▲ +2323.9%66.9%

FY2022$252,368(0M)$252,368▼ 96.0%37.0%

FY2021$6.4M(0M)$6.4M▲ +4.7%37.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

RAND · P/FCF · FCF yield · FCF per share

Rand Capital Corporation (RAND) trades at a FCF yield of 12.55% and a price-to-free-cash-flow ratio of 7.9x. FCF per share stands at $1.28, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

12.55%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.28

TTM FCF ÷ Shares Outstanding

Price / FCF

x7.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x8.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

RAND · cash flow statement · operating / investing / financing

For FY2025, Rand Capital Corporation generated $11.3M in operating cash flow and spent 0M in capital expenditures, yielding $11.3M in free cash flow.

Operating Activities

+$11.3M

Cash from core business operations

2025-12-31

Investing Activities

+$0.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$7.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($11.3M) − |CapEx| (0M) = FCF ($11.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

RAND vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Rand Capital CorporationYOU

RAND

$11.3M-26.6%251.5%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Rand Capital Corporation (RAND) reported free cash flow of $11.3M for FY2025 (fiscal year ending 2025-12-31), down 26.6% year-over-year. The FCF margin was 251.5%.

Based on available data, Rand Capital Corporation has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $15.3M in FY2024. The 5-year CAGR stands at +13.1%.

Rand Capital Corporation's FCF yield is 12.55% and price-to-FCF ratio is 7.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

RAND free cash flow · 8 questions

Rand Capital Corporation free cash flow was $11.3M for FY2025, down 26.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $3.8M.

RAND free cash flowRAND FCFRAND FCF 2025RAND free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Rand Capital Corporation · Rand Capital Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026