Consolidated Financial Highlights

3 Months Ended

Mar. 31, 2025

Investment Company, Financial Highlights [Text Block]

Firsthand Technology Value Fund, Inc.

Consolidated Financial Highlights
Selected per share data and ratios for a share outstanding throughout each period

	FOR THE THREE MONTHS ENDED MARCH 31, 2025 (Unaudited)			FOR THE YEAR ENDED DECEMBER 31, 2024			FOR THE YEAR ENDED DECEMBER 31, 2023			FOR THE YEAR ENDED DECEMBER 31, 2022			FOR THE YEAR ENDED DECEMBER 31, 2021			FOR THE YEAR ENDED DECEMBER 31, 2020
Net asset value at beginning of period	$	0.15		$	0.18		$	4.44		$	13.75		$	14.82		$	17.70
Income from investment operations:
Net investment income (loss), before deferred taxes⁽¹⁾		(0.02	)		0.27			0.16			(1.81	)		0.44			0.09
Net realized and unrealized losses on investments, before deferred taxes		(0.01	)		(0.30	)		(4.42	)		(7.50	)		(1.51	)		(2.30	)
Tax expense		—			—			—			—			—			(1.13	)
Net realized and unrealized losses on investments, after deferred taxes		(0.01	)		(0.30	)		(4.42	)		(7.50	)		(1.51	)		(3.43	)
Total from investment operations		(0.03	)		(0.03	)		(4.26	)		(9.31	)		(1.07	)		(3.34	)
Distributions from:
Realized capital gains		—			—			—			—			—			—
Anti-dilutive effect from capital share transactions		—			—			—			—			—			0.46
Net asset value at end of period	$	0.12		$	0.15		$	0.18		$	4.44		$	13.75		$	14.82
Market value at end of period	$	0.06		$	0.06		$	0.30		$	0.95		$	4.01		$	4.47
Total Return
Based on Net Asset Value		(20.00	)%^(A)		(16.67	)%		(95.95	)%		(67.71	)%		(7.22	)%		(16.27	)%
Based on Market Value		—	^(A)		(80.00	)%		(68.42	)%		(76.31	)%		(10.29	)%		(30.48	)%
Net assets at end of period (millions)	$	0.8		$	1.1		$	1.3		$	30.6		$	94.8		$	102.1
Ratio of total expenses to average net assets:
Before tax (benefit) expense		50.94	%^(B)		(195.48	)%		(7.21	)%		4.11	%		3.12	%		3.10	%
Tax expense⁽²⁾⁽³⁾		—			14.28	%		—			—			—			8.02	%⁽⁴⁾
Total expenses		50.94	%^(B)		(181.20	)%		(7.21	)%		4.11	%		3.12	%		11.12	%
Total expenses, excluding incentive fees and deferred tax expense		50.94	%^(B)		(195.48	)%		(7.21	)%		4.11	%		3.12	%		3.10	%
Total expenses, excluding incentive fees and deferred tax expense and fee waiver		50.94	%^(B)		121.49			11.91	%		4.11	%		3.12	%		3.10	%
Ratio of net investment income (loss) to average net assets:
Net investment income (loss)		(48.39	)%^(B)		206.76			8.13	%		(20.96	)%		2.94	%		0.64	%
Net investment income (loss) before fee waiver		(48.39	)%^(B)		(110.22	)%		(10.99	)%		(20.96	)%		2.94	%		0.64	%
Portfolio turnover rate		0	%^(A)		0	%		1	%		15	%		16	%		13	%

(1)	Calculated using average shares outstanding.
(2)	Tax expense estimate is derived from net investment income (loss), and realized and unrealized gains (losses).
(3)	The tax expense and tax benefit are based on average net assets.
(4)	As restated to reflect the removal of parenthetical notation to appropriately present ratio as tax expense.
(A)	Not Annualized.
(B)	Annualized.

See accompanying notes to financial statements

Firsthand Technology Value Fund, Inc. 10-Q