SAR · CIK 0001377936
SARATOGA INVESTMENT CORP.
Annual figures as reported, FY2020–FY2026. Ratios and growth rates derived on-page.
SARATOGA INVESTMENT CORP.
Company profile
Net income
$36.6M
▲ +30.3% vs FY2025
Operating cash flow
−$88.0M
▼ −144.6% vs FY2025
Diluted EPS
$2.31
▲ +14.4% vs FY2025
Net income
Annual, as reported
Recent quarters
momentum · last 12 quartersNet income — Feb ’26 quarter
−$2.6M
▼ −286.1% vs Feb ’25
Diluted EPS — trailing 12 months
$2.31
▲ +14.4% vs Feb ’25
Quarterly net income
Losses shown in terracotta
| Quarter | Revenue | Rev. YoY | Gross margin | Net income | Net margin | Diluted EPS |
|---|---|---|---|---|---|---|
| Feb ’26 | — | — | — | −$2.6M | — | −$0.18 |
| Nov ’25 | — | — | — | $12.0M | — | $0.74 |
| Aug ’25 | — | — | — | $13.3M | — | $0.84 |
| May ’25 | — | — | — | $13.9M | — | $0.91 |
| Feb ’25 | — | — | — | −$677K | — | −$0.07 |
| Nov ’24 | — | — | — | $8.8M | — | $0.64 |
| Aug ’24 | — | — | — | $13.3M | — | $0.97 |
| May ’24 | — | — | — | $6.6M | — | $0.48 |
Profitability & returns
quality of earningsReturns on capital
Net income vs year-end equity and assets
Return on equityReturn on assets
Cash flow
cash generationOperating cash flow
Net cash from operations
Shareholder returns
capital allocationCapital returned
Cash paid out as dividends and share repurchases
Dividends paidBuybacks
Diluted shares outstanding
Falling count means buybacks outpace dilution
Balance sheet
financial positionStockholders’ equity
At fiscal year end
Net debt
Long-term debt less cash — negative means net cash
Growth rates
compounding, annualizedNet income CAGR
+14.0%
3y
+19.9%
5y
Diluted EPS CAGR
+3.9%
3y
+11.8%
5y
Share count change (split-adjusted)
+41.7%
5y
Key ratios
derived per fiscal year| Fiscal year | ROE | ROA | Debt / equity |
|---|---|---|---|
| FY2026 | 9.2% | 3.2% | 1.87× |
| FY2025 | 7.2% | 2.4% | 2.02× |
| FY2024 | 2.4% | 0.7% | — |
| FY2023 | 7.1% | 2.3% | 2.10× |
| FY2022 | 12.9% | 5.2% | — |
| FY2021 | 4.9% | — | — |
| FY2020 | — | — | — |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2026 | — | — | — | $36.6M | $2.31 | −$88.0M | — | $1.1B | $743.1M | $396.2M | $1.7M | $739.4M |
| FY2025 | — | — | — | $28.1M | $2.02 | $197.5M | — | $1.2B | $798.9M | $392.7M | $148.2M | $793.9M |
| FY2024 | — | — | — | $8.9M | $0.71 | −$157.2M | — | $1.2B | $821.0M | $370.2M | $8.7M | — |
| FY2023 | — | — | — | $24.7M | $2.06 | −$130.4M | — | $1.1B | $731.2M | $347.0M | $65.7M | $728.4M |
| FY2022 | — | — | — | $45.7M | $3.99 | −$203.1M | — | $876.2M | $520.5M | $355.8M | $47.3M | — |
| FY2021 | — | — | — | $14.8M | $1.32 | −$62.3M | — | — | — | $304.2M | $29.9M | — |
| FY2020 | — | — | — | — | — | — | — | — | — | — | $39.5M | — |
Latest filings
the most recent regulatory filings8-KCURRENT REPORT2026-05-05 ↗10-KANNUAL REPORT2026-05-05 ↗8-KCURRENT REPORT2026-04-14 ↗8-KCURRENT REPORT2026-03-13 ↗424B2PROSPECTUS SUPPLEMENT2026-03-13 ↗EFFECTSEC filing2026-03-11 ↗N-2/ASEC filing2026-03-06 ↗N-2/ASEC filing2026-03-03 ↗40-17GFIDELITY BOND FILING2026-02-20 ↗CERTNYSE CERTIFICATION2026-02-09 ↗
Company logos by Elbstream and unavatar.
All third-party trademarks, service marks, logos, and brand names used on this site are the property of their respective owners. The use of these logos is for identification and illustrative purposes only and does not imply any affiliation, sponsorship, or endorsement by the respective owners.