Rand Capital (RAND) Net Asset Value per Share (2020 - 2025)
Rand Capital (RAND) reported Net Asset Value per Share of $18.06 for Q3 2025, down 33.8% from $27.29 a year earlier and down 5.4% from the prior quarter.
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Analysis
Rand Capital (RAND) Net Asset Value per Share (2020 - 2025) Analysis & Trends
At the end of FY2024, Rand Capital posted Net Asset Value per Share of $25.31, up 7.4% from FY2023.
- Net Asset Value per Share has a three-year compound annual growth rate of 2.4% (FY2021 to FY2024).
- By year, Net Asset Value per Share came in at $23.56 in FY2023 (+5.4%), $22.36 in FY2022 (-5.0%) and $23.54 in FY2021.
- The Q3 2025 figure ranks as the lowest quarterly Net Asset Value per Share in data going back to Q1 2022.
- Year over year, Net Asset Value per Share has now declined in each of the last three quarters, with an average decline of 3.3% over the last eight quarters.
- The high point for year-over-year Net Asset Value per Share in five years was Q3 2024 (growth of 14.8%); the low point was Q3 2025 (a decline of 33.8%).
- Per Business Quant data, the three quarters before Q3 2025 came in at $19.10 (Q2 2025), $21.99 (Q1 2025) and $25.31 (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NAV per Share (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 41.00 Bn | 29.82 Bn | - | - |
| 2 | Royalty Pharma | 39.88 Bn | 40.21 Bn | - | - |
| 3 | Orix | 36.75 Bn | 7.39 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 25.40 Bn | -16,108.71 Bn | - | - |
| 5 | Royal Gold | 23.20 Bn | 22.41 Bn | 402.46 Mn | - |
| 6 | Affirm Holdings | 22.35 Bn | 15.40 Bn | - | - |
| 7 | Synchrony Financial | 22.29 Bn | -45.34 Bn | - | - |
| 8 | Annaly Capital Management | 14.69 Bn | 5.72 Bn | - | - |
| 9 | Ares Capital | 14.04 Bn | 11.79 Bn | - | 19.31 |
| 10 | Rand Capital | 29.25 Mn | 24.06 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 18.06 |
| Jun 30, 2025 | 19.10 |
| Mar 31, 2025 | 21.99 |
| Dec 31, 2024 | 25.31 |
| Sep 30, 2024 | 27.29 |
| Jun 30, 2024 | 26.56 |
| Mar 31, 2024 | 23.85 |
| Dec 31, 2023 | 23.56 |
| Sep 30, 2023 | 23.77 |
| Jun 30, 2023 | 23.79 |
| Mar 31, 2023 | 23.00 |
| Dec 31, 2022 | 22.36 |
| Sep 30, 2022 | 22.62 |
| Jun 30, 2022 | 22.34 |
| Mar 31, 2022 | 23.23 |
| Dec 31, 2021 | 23.54 |
| Mar 31, 2021 | 17.86 |
| Dec 31, 2020 | 17.86 |
API Access
Rand Capital Net Asset Value per Share API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-asset-value-per-share&ticker=RAND&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-asset-value-per-share", "ticker": "RAND", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-asset-value-per-share&ticker=RAND&period=max&api_key=YOUR_API_KEY");
const data = await res.json();