Rand Capital (RAND) Q2 FY26 earnings call

Rand Capital navigated Q2 FY26 with a dual focus on portfolio expansion and active management of challenged assets. The company successfully deployed $6.9 million into new income-producing investments and realized a gain from an exit, contributing to an increase in net asset value per share. However, earnings continued to be pressured by non-accruals and a significant write-down, impacting overall investment income and portfolio yield. Management emphasized a disciplined approach to capital allocation and portfolio rebuilding to support future earnings and shareholder returns.