8-K Announcements
6May 5, 2026·SEC
Apr 14, 2026·SEC
Mar 13, 2026·SEC
Saratoga Investment Corp. (SAR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Saratoga Investment Corp. (SAR) stock price & volume — 10-year historical chart
Saratoga Investment Corp. (SAR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Saratoga Investment Corp. (SAR) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.53vs $0.53+0.0% | $31Mvs $31M+0.9% |
| Q1 2026 | Jan 7, 2026 | $0.61vs $0.59+3.4% | $32Mvs $31M+2.3% |
| Q4 2025 | Oct 7, 2025 | $0.58vs $0.67-13.4% | $33Mvs $33M+0.4% |
| Q3 2025 | Jul 8, 2025 | $0.66vs $0.69-4.3% | $29Mvs $33M-10.7% |
Saratoga Investment Corp. (SAR) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
Saratoga Investment Corp. (SAR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Saratoga Investment Corp. (SAR) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Feb'18 | Feb'19 | Feb'20 | Feb'21 | Feb'22 | Feb'23 | Feb'24 | Feb'25 | Feb'26 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 24.2M | 30.24M | 33.9M | 38.14M | 38.62M | 53.09M | 81.12M | 85.49M | 0 |
| NII Growth % | 24.15% | 24.95% | 12.12% | 12.51% | 1.27% | 37.44% | 52.8% | 5.39% | -100% |
| Net Interest Margin % | 6.72% | 6.42% | 6.39% | 6.44% | 4.41% | 4.92% | 6.81% | 7.17% | 0% |
| Interest Income | 35.14M | 43.36M | 48.58M | 51.73M | 58.51M | 86.59M | 130.3M | 137.55M | 0 |
| Interest Expense | 10.94M | 13.13M | 14.68M | 13.59M | 19.88M | 33.5M | 49.18M | 52.06M | 49.3B |
| Loan Loss Provision | 346 | 282 | 389 | -201 | 307 | -489 | 101 | 0 | -49.3B |
| Non-Interest Income | -1.76M | -5.45M | 29.71M | -11.82M | 18.96M | -16.73M | -60.75M | -43.39M | 125.71B |
| Non-Interest Income % | -5.26% | -14.37% | 37.95% | -29.61% | 24.47% | -23.96% | -87.36% | -46.08% | 100% |
| Total Revenue | 33.38M▲ 0% | 37.91M▲ 13.6% | 78.29M▲ 106.5% | 39.91M▼ 49.0% | 77.46M▲ 94.1% | 69.85M▼ 9.8% | 69.55M▼ 0.4% | 94.16M▲ 35.4% | 125.71B▲ 133405.6% |
| Revenue Growth % | 23.46% | 13.57% | 106.51% | -49.02% | 94.09% | -9.83% | -0.44% | 35.4% | 133405.64% |
| Non-Interest Expense | 4.78M | 5.54M | 7.26M | 6.38M | 9.06M | 9.6M | 8.66M | 10.14M | 88.91B |
| Efficiency Ratio | 14.32% | 14.6% | 9.28% | 16% | 11.7% | 13.74% | 12.46% | 10.77% | 70.72% |
| Operating Income | 17.66M▲ 0% | 19.25M▲ 9.0% | 56.35M▲ 192.7% | 19.94M▼ 64.6% | 48.52M▲ 143.3% | 26.76M▼ 44.9% | 11.7M▼ 56.3% | 31.97M▲ 173.2% | -138.17M▼ 532.2% |
| Operating Margin % | 52.92% | 50.77% | 71.97% | 49.96% | 62.63% | 38.31% | 16.82% | 33.95% | -0.11% |
| Operating Income Growth % | 54.51% | 8.97% | 192.72% | -64.61% | 143.32% | -44.85% | -56.27% | 173.22% | -532.24% |
| Pretax Income | 17.66M▲ 0% | 19.25M▲ 9.0% | 56.35M▲ 192.7% | 19.94M▼ 64.6% | 48.52M▲ 143.3% | 26.76M▼ 44.9% | 11.7M▼ 56.3% | 31.97M▲ 173.2% | -138.17M▼ 532.2% |
| Pretax Margin % | 52.92% | 50.77% | 71.97% | 49.96% | 62.63% | 38.31% | 16.82% | 33.95% | -0.11% |
| Income Tax | -14.74K | 739.72K | 607.65K | 5.16M | 2.78M | 2.08M | 2.77M | 3.88M | -138.17M |
| Effective Tax Rate % | -0.08% | 3.84% | 1.08% | 25.89% | 5.73% | 7.78% | 23.64% | 12.14% | 100% |
| Net Income | 17.68M▲ 0% | 18.51M▲ 4.7% | 55.74M▲ 201.1% | 14.78M▼ 73.5% | 45.74M▲ 209.5% | 24.68M▼ 46.0% | 8.93M▼ 63.8% | 28.09M▲ 214.4% | 0▼ 100.0% |
| Net Margin % | 52.96% | 48.82% | 71.19% | 37.02% | 59.04% | 35.33% | 12.85% | 29.83% | 0% |
| Net Income Growth % | 55.25% | 4.7% | 201.14% | -73.49% | 209.5% | -46.05% | -63.8% | 214.38% | -100% |
| Net Income (Continuing) | 17.68M | 18.51M | 55.74M | 14.78M | 45.74M | 24.68M | 8.93M | 28.09M | 0 |
| EPS (Diluted) | 2.93▲ 0% | 2.63▼ 10.2% | 5.98▲ 127.4% | 1.32▼ 77.9% | 3.99▲ 202.3% | 2.06▼ 48.4% | 0.71▼ 65.5% | 2.02▲ 184.5% | 2.31▲ 14.4% |
| EPS Growth % | 47.98% | -10.24% | 127.38% | -77.93% | 202.27% | -48.37% | -65.53% | 184.51% | 14.36% |
| EPS (Basic) | 2.93 | 2.63 | 5.98 | 1.32 | 3.99 | 2.06 | 0.71 | 2.02 | 2.31 |
| Diluted Shares Outstanding | 6.02M | 7.05M | 9.32M | 11.19M | 11.46M | 11.96M | 12.67M | 13.91M | 15.85M |
Saratoga Investment Corp. (SAR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Feb'18 | Feb'19 | Feb'20 | Feb'21 | Feb'22 | Feb'23 | Feb'24 | Feb'25 | Feb'26 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 3.93M | 30.8M | 24.6M | 18.83M | 47.26M | 65.75M | 8.69M | 148.22M | 22.32B |
| Cash & Due from Banks | 3.93M | 30.8M | 24.6M | 18.83M | 47.26M | 65.75M | 8.69M | 148.22M | 22.32B |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 342.69M | 402.02M | 485.63M | 554.31M | 817.57M | 972.59M | 1.14B | 978.08M | 354.12B |
| Investments Growth % | 36.79% | 17.31% | 20.8% | 14.14% | 47.49% | 18.96% | 17.09% | -14.11% | 36105.36% |
| Long-Term Investments | 342.69M | 402.02M | 485.63M | 554.31M | 817.57M | 972.59M | 1.14B | 978.08M | 0 |
| Accounts Receivables | 3.28M | 5.96M | 5.08M | 6.98M | 5.55M | 8.52M | 10.64M | 7.79M | 2.12B |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 10.43M | 31.89M | 15.55M | 12.03M | 5.87M | 31.3M | 33.08M | 57.46M | 0 |
| Total Current Assets | 7.21M | 36.76M | 29.68M | 25.81M | 52.8M | 74.27M | 19.33M | 156.01M | 24.43B |
| Total Non-Current Assets | 353.13M | 433.91M | 501.18M | 566.35M | 823.43M | 1B | 1.17B | 1.04B | 0 |
| Total Assets | 360.34M▲ 0% | 470.67M▲ 30.6% | 530.87M▲ 12.8% | 592.15M▲ 11.5% | 876.24M▲ 48.0% | 1.08B▲ 23.0% | 1.19B▲ 10.5% | 1.19B▲ 0.0% | 389.58B▲ 32595.6% |
| Asset Growth % | 13.08% | 30.62% | 12.79% | 11.54% | 47.98% | 23.04% | 10.49% | 0.03% | 32595.56% |
| Return on Assets (ROA) | 5.21% | 4.45% | 11.13% | 2.63% | 6.23% | 2.53% | 0.79% | 2.36% | - |
| Accounts Payable | 3.93M | 4.84M | 3.95M | 4.4M | 3.6M | 5.12M | 4.92M | 5.59M | 0 |
| Total Debt | 206.49M | 277.15M | 204.88M | 274.05M | 498.88M | 711.13M | 803.67M | 781.82M | 293.33B |
| Net Debt | 202.56M | 246.35M | 180.28M | 255.22M | 451.62M | 645.38M | 794.98M | 633.6M | 271.01B |
| Long-Term Debt | 206.49M | 277.15M | 204.88M | 274.05M | 498.88M | 711.13M | 803.67M | 781.82M | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 293.33B |
| Other Liabilities | 6.23M | 7.81M | 17.75M | 9.52M | 17.98M | 14.96M | 12.39M | 11.47M | 200.38B |
| Total Current Liabilities | 3.93M | 4.84M | 3.95M | 4.4M | 3.6M | 5.12M | 4.92M | 5.59M | 293.33B |
| Total Non-Current Liabilities | 212.72M | 284.96M | 222.63M | 283.57M | 516.86M | 726.08M | 816.06M | 793.29M | 200.38B |
| Total Liabilities | 216.64M | 289.8M | 226.58M | 287.97M | 520.46M | 731.2M | 820.98M | 798.88M | 493.7B |
| Total Equity | 143.69M▲ 0% | 180.88M▲ 25.9% | 304.29M▲ 68.2% | 304.19M▼ 0.0% | 355.78M▲ 17.0% | 346.96M▼ 2.5% | 370.22M▲ 6.7% | 392.67M▲ 6.1% | -104.12B▼ 26616.9% |
| Equity Growth % | 12.88% | 25.88% | 68.23% | -0.03% | 16.96% | -2.48% | 6.71% | 6.06% | -26616.86% |
| Equity / Assets (Capital Ratio) | 39.88% | 38.43% | 57.32% | 51.37% | 40.6% | 32.18% | 31.08% | 32.95% | -26.73% |
| Return on Equity (ROE) | 13.05% | 11.41% | 22.98% | 4.86% | 13.86% | 7.02% | 2.49% | 7.36% | - |
| Book Value per Share | 23.85 | 25.67 | 32.65 | 27.19 | 31.05 | 29.00 | 29.22 | 28.22 | -6569.13 |
| Tangible BV per Share | 23.85 | 25.67 | 32.65 | 27.19 | 31.05 | 29.00 | 29.22 | 28.22 | -6569.13 |
| Common Stock | 6.26K | 7.66K | 11.22K | 11.16K | 12.13K | 11.89K | 13.65K | 15.18K | 250K |
| Additional Paid-in Capital | 188.98M | 203.55M | 289.48M | 304.87M | 328.06M | 321.89M | 371.08M | 412.91M | 0 |
| Retained Earnings | -27.86M | -22.69M | 14.8M | -700.35K | 27.71M | 25.05M | -870.75K | -20.26M | 0 |
| Accumulated OCI | -17.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Saratoga Investment Corp. (SAR) cash flow — operating, investing & free cash flow history
| Line item | Feb'18 | Feb'19 | Feb'20 | Feb'21 | Feb'22 | Feb'23 | Feb'24 | Feb'25 | Feb'26 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -30.78M | -39.98M | -15.14M | -62.35M | -203.13M | -130.37M | -157.21M | 197.54M | -88.03B |
| Operating CF Growth % | -556.65% | -29.9% | 62.12% | -311.67% | -225.81% | 35.82% | -20.58% | 225.66% | -44663.33% |
| Net Income | 17.68M | 18.51M | 55.74M | 14.78M | 45.74M | 24.68M | 8.93M | 28.09M | 0 |
| Depreciation & Amortization | 990.03M | 1.19M | 1.34M | 1.37M | 4.42B | 3.59M | 0 | 5.03M | 4.8B |
| Deferred Taxes | 0 | -1.03M | 0 | 0 | -673.65K | 0 | 0 | 0 | -196.31M |
| Other Non-Cash Items | -1.04B | -57.56M | -81.42M | -67.98M | -4.68B | -151.87M | -159.99M | 162.61M | -92.64B |
| Working Capital Changes | 587.24K | -1.09M | 9.2M | -10.52M | 10.46M | -6.76M | -6.15M | 1.81M | 0 |
| Cash from Investing | -41.39B | -198.66B | -19.89B | -78.08B | -55.08B | 2.25B | 0 | 0 | -124.87B |
| Purchase of Investments | -107.7B | -378.52B | -230B | -220.78B | -302.31B | -122.08B | -246.1B | -28.99B | -309.5B |
| Sale/Maturity of Investments | 66.31B | 179.86B | 210.11B | 142.7B | 247.23B | 124.33B | 30.27B | 139.64B | 184.64B |
| Net Investment Activity | -41.39B | -198.66B | -19.89B | -78.08B | -55.08B | 2.25B | -215.83B | 110.64B | -124.87B |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 215.83B | -110.64B | 0 |
| Cash from Financing | 22.47M | 88.3M | -7.5M | 52.81M | 226.09M | 173.58M | 101.64M | -33.32M | -94.91B |
| Dividends Paid | -9.01M | -12.01M | -17M | -11.27M | -18.16M | -22.67M | -32.05M | -40.75M | -52.36B |
| Share Repurchases | 0 | 0 | 0 | -3.61M | -2.55M | -10.82M | -2.16M | 0 | -54.31M |
| Stock Issued | 7.84M | 32.15M | 85.9M | 0 | 26.84M | 0 | 49.01M | 32.75M | 18.75B |
| Net Stock Activity | 7.84M | 32.15M | 85.9M | -3.61M | 24.29M | -10.82M | 46.86M | 32.75M | 18.7B |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 0 |
| Other Financing | -1.28M | -2.88M | -1.95M | -3.75K | -10.79M | -10.68M | -5.17M | 2.35M | -42.55B |
| Net Change in Cash | -8.31M▲ 0% | 48.32M▲ 681.4% | -22.64M▼ 146.9% | -9.54M▲ 57.9% | 22.96M▲ 340.7% | 43.21M▲ 88.2% | -55.57M▼ 228.6% | 164.22M▲ 395.5% | -182.94B▼ 111500.4% |
| Exchange Rate Effect | 41.39B | 198.66B | 19.89B | 78.08B | 55.08B | -2.25B | 0 | 0 | 0 |
| Cash at Beginning | 22.09M | 13.78M | 62.09M | 39.45M | 29.92M | 52.87M | 96.08M | 40.51M | 204.72B |
| Cash at End | 13.78M | 62.09M | 39.45M | 29.92M | 52.87M | 96.08M | 40.51M | 204.72M | 21.79B |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -30.78M▲ 0% | -39.98M▼ 29.9% | -15.14M▲ 62.1% | -62.35M▼ 311.7% | -203.13M▼ 225.8% | -130.37M▲ 35.8% | -157.21M▼ 20.6% | 197.54M▲ 225.7% | -88.03B▼ 44663.3% |
| FCF Growth % | -556.65% | -29.9% | 62.12% | -311.67% | -225.81% | 35.82% | -20.58% | 225.66% | -44663.33% |
Saratoga Investment Corp. (SAR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 9.02% | 13.05% | 11.41% | 22.98% | 4.86% | 13.86% | 7.02% | 2.49% | 7.36% | - |
| Return on Assets (ROA) | 3.71% | 5.21% | 4.45% | 11.13% | 2.63% | 6.23% | 2.53% | 0.79% | 2.36% | - |
| Net Interest Margin | 6.12% | 6.72% | 6.42% | 6.39% | 6.44% | 4.41% | 4.92% | 6.81% | 7.17% | 0% |
| Efficiency Ratio | 21.14% | 14.32% | 14.6% | 9.28% | 16% | 11.7% | 13.74% | 12.46% | 10.77% | 70.72% |
| Equity / Assets | 39.95% | 39.88% | 38.43% | 57.32% | 51.37% | 40.6% | 32.18% | 31.08% | 32.95% | -26.73% |
| Book Value / Share | 22.18 | 23.85 | 25.67 | 32.65 | 27.19 | 31.05 | 29 | 29.22 | 28.22 | -6.57K |
| NII Growth | 5.82% | 24.15% | 24.95% | 12.12% | 12.51% | 1.27% | 37.44% | 52.8% | 5.39% | -100% |
| Dividend Payout | 59.59% | 50.98% | 64.9% | 30.5% | 76.24% | 39.7% | 91.85% | 358.79% | 145.08% | - |
Saratoga Investment Corp. (SAR) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
Apr 14, 2026·SEC
Mar 13, 2026·SEC
Saratoga Investment Corp. (SAR) stock FAQ — growth, dividends, profitability & financials explained
Saratoga Investment Corp. (SAR) grew revenue by 133405.6% over the past year. This is strong growth.
Yes, Saratoga Investment Corp. (SAR) is profitable, generating $39.2M in net income for fiscal year 2026.
Yes, Saratoga Investment Corp. (SAR) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.
Saratoga Investment Corp. (SAR) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.
Saratoga Investment Corp. (SAR) has an efficiency ratio of 70.7%. This is higher than peers, suggesting room for cost optimization.
Saratoga Investment Corp. (SAR) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates