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Saratoga Investment Corp 8.125%(SAY)Earnings, Financials & Key Ratios
SAY•NYSE
$25.35
11.0× P/E·Price updated Jun 27, 2026
AboutSaratoga Investment Corp. is a specialty finance company that invests primarily in leveraged loans and mezzanine debt issued by U.S. middle-market companies, both through direct lending and through participation in loan syndicates. It has elected to be treated as a business development company under the Investment Company Act of 1940. Saratoga Investment Corp. is traded on the New York Stock Exchange under the symbol ''SAR.'' Saratoga Investment Corp. includes an SBIC-licensed subsidiary.Show more
- EBITDA-$138M-532.2%
- Net Income$0-100.0%
- EPS (Diluted)2.31+14.4%
- EBITDA Margin-0.11%-100.3%
- Operating Margin-0.11%-100.3%
SAY Price & Volume
Saratoga Investment Corp 8.125% (SAY) stock price & volume — 10-year historical chart
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Accounting Anomalies Obscure Fundamental Financial Stability Risks
Investment Thesis • Updated 2026Q4
VerdictNeutral
Growth:Mixed
Profitability:Negative
Financial Position:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Extreme Data Integrity Discrepancies
"Saratoga Investment Corp exhibits extreme data integrity discrepancies, evidenced by a 2026Q4 revenue spike to $62.7B that deviates sharply from historical norms. The firm's capital structure has deteriorated significantly, with negative equity of $104.1B and a current ratio plummeting to 0.08, suggesting severe underlying solvency concerns. Institutional investors should exercise extreme caution as the decoupling of reported earnings from cash generation, highlighted by a $124.7B negative free cash flow in 2026Q4, renders traditional valuation metrics unreliable."
Verdict Logic
Negative: The firm's current ratio of 0.08 and the emergence of negative equity totaling $104.1B indicate extreme financial distress that warrants immediate avoidance.
SAY Growth Metrics
Saratoga Investment Corp 8.125% (SAY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years135.21%
5 Years400.79%
3 Years1116.37%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM39.63%
EPS CAGR
10 Years1.01%
5 Years11.84%
3 Years3.89%
TTM49.24%
Return on Capital
10 Years4.15%
5 Years2.57%
3 Years1.15%
Last Year-0.28%
SAY Recent Earnings
Saratoga Investment Corp 8.125% (SAY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/8 qtrs (50%)●Beat Revenue 4/8 qtrs (67%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.53-5.0%
$0.56
Rev
$31M+0.9%
$31M
Q1 2026
Jan 7, 2026Metric
Actual
Est
EPS
$0.61+3.7%
$0.59
Rev
$32M+2.3%
$31M
Q4 2025
Oct 7, 2025Metric
Actual
Est
EPS
$0.58-12.3%
$0.66
Rev
$30.6B-5.1%
$32.3B
Q3 2025
Jul 8, 2025Metric
Actual
Est
EPS
$0.91+26.8%
$0.72
Rev
$32M-0.2%
$32M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.53vs $0.56-5.0% | $31Mvs $31M+0.9% |
| Q1 2026 | Jan 7, 2026 | $0.61vs $0.59+3.7% | $32Mvs $31M+2.3% |
| Q4 2025 | Oct 7, 2025 | $0.58vs $0.66-12.3% | $30.6Bvs $32.3B-5.1% |
| Q3 2025 | Jul 8, 2025 | $0.91vs $0.72+26.8% | $32Mvs $32M-0.2% |
Based on last 8 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Saratoga Investment Corp 8.125% (SAY)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $25.35 | $412.39M | 10.97 | 133405.64% | — | — | 100% | |
| $22.29 | $362.61M | 9.65 | 133405.64% | 0.06% | — | — | |
| $12.59 | $3.28B | 8.87 | 42.5% | 26.91% | 5.24% | — | |
| $18.19 | $13.06B | 9.78 | 32.87% | 43.69% | 8.11% | — | |
| $4.83 | $976.96M | 6.36 | -18.64% | — | — | — | |
| $4.70 | $190.82M | 3.85 | 36.55% | -19.55% | -3.39% | — |
Compare SAY vs Peers
Saratoga Investment Corp 8.125% (SAY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SAY SEC Filings & Documents
Saratoga Investment Corp 8.125% (SAY) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SAY Frequently Asked Questions
Saratoga Investment Corp 8.125% (SAY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Saratoga Investment Corp 8.125%'s revenue?
Saratoga Investment Corp 8.125% (SAY) reported $62.82B in revenue for fiscal year 2026.
How fast is Saratoga Investment Corp 8.125% growing?
Saratoga Investment Corp 8.125% (SAY) grew revenue by 133405.6% over the past year. This is strong growth.
Is SAY profitable?
Yes, Saratoga Investment Corp 8.125% (SAY) is profitable, generating $39.2M in net income for fiscal year 2026 (0.1% net margin).
Dividend & Returns
Does SAY pay dividends?
Yes, Saratoga Investment Corp 8.125% (SAY) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.
What is Saratoga Investment Corp 8.125%'s free cash flow?
Saratoga Investment Corp 8.125% (SAY) had negative free cash flow of $124.65B in fiscal year 2026, likely due to heavy capital investments.