Saratoga Investment Corp. logo

Saratoga Investment Corp.(NYSE) SAR

Market Cap$238.37MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2007)+215%
5 Year-5%
1 Year-17%
1 Month-12%
Premium Feature
Moneyball Superscore
55/100
$14.92
-2.64%
-0.41Today
After hours$14.89-$0.03 (-0.17%)
Saratoga Investment Corp. last closing stock price
MetricPriceDate
Last closeUSD 15.322026-10-16
Saratoga Investment Corp. stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+1.93%USD 15.032026-10-09
1 month-11.57%USD 17.332026-09-16
3 month-18.56%USD 18.812026-07-17
Year to date-25.3%USD 20.512025-12-31
1 year-17.4%USD 18.552025-10-16
3 year-4.88%USD 16.112023-10-17
5 year-4.94%USD 16.122021-10-15
Since inception+215.41%USD 4.862007-03-23

Saratoga Investment Corp. Financials at a Glance

Market Cap

$238.37MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$104.11M

Net Income (TTM)

-$4.18M

EPS (TTM)

-$0.25

P/E Ratio

-60.41

Dividend

$3.00

Beta (Volatility)

0.56 (Low)

Price

$14.92

Volume

84,498.142

Open

$15.23

Previous Close

$14.90

Daily Range

$14.81 - $15.30

52-Week Range

$13.78 - $24.07

Estimated Earnings Date

Jan 6, 2027

SAR News

No articles available.

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About Saratoga Investment Corp.

Saratoga Investment Corp. NYSE:SAR lends money to small and mid-sized businesses. These loans help companies grow, buy other firms, or manage debt. It provides capital to businesses that might not get bank loans.

Where the Money Goes

  • First Lien Term Loans: Senior debt instruments with priority claims on borrower assets.
  • Second Lien Term Loans: Secured loans that rank below first lien debt during repayment.
  • Structured Finance Securities: Investments in complex vehicles like collateralized loan obligation funds.
  • Equity Interests: Ownership stakes in private companies via common or preferred stock.
  • Unsecured Term Loans: Loans backed by a company's credit rather than specific collateral.

Strategic Moves and Milestones

  • Established a $50 million revolving credit facility with Live Oak Banking Company in March 2024.
  • Completed the fifth refinancing of the Saratoga CLO on June 10, 2024.
  • Terminated the Encina Credit Agreement on Nov. 6, 2025, after satisfying all outstanding liabilities.
  • Expanded SBIC subsidiary leverage limits following legislative changes in May 2026.

The SBIC Advantage

Saratoga uses specialized licenses to access long-term capital guaranteed by the Small Business Administration. This structure allows the firm to provide flexible financing to lower middle-market companies across 45 different industries.

A Look at the Books

  • Total investment income was $31.2 million for the three months ended Aug. 31, 2026, up 1.8% year over year.
  • Net investment income hit $14.9 million for the six months ended Aug. 31, 2026.
  • Portfolio fair value reached $1.15 billion as of Aug. 31, 2026.
  • Average investment per portfolio company was $21.2 million as of Aug. 31, 2026.

Bottom Line

Saratoga has transitioned from a specialized investment vehicle into a diversified lender for the U.S. middle market. Its use of multiple funding sources and joint ventures provides a framework for managing varied credit environments.

AI Generated • Oct 7, 2026

Industry

Capital Markets

Sector

Financials

CEO

Chris Long Oberbeck, MBA

Website

www.saratogainvestmentcorp.com

Headquarters

New York, NY 10022, US

SAR Financials

Key Financial Metrics (TTM)

Gross Margin

63.28%

Operating Margin

51.71%

Net Income Margin

-4.01%

Return on Equity

-1.08%

Return on Capital

3.40%

Return on Assets

-0.33%

Earnings Yield

-1.66%

Dividend Yield

19.56%

Payout Ratio

-11.20%

Stock Overview

Market Cap

$238.37MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

15.56M

Volume

84.50K

Avg. Volume

151.40K

Financials (TTM)

Gross Profit

$65.88M

Operating Income

$53.83M

EBITDA

$53.83M

Operating Cash Flow

-$154.75M

Capital Expenditure

$0.00

Free Cash Flow

-$154.75M

Cash & ST Invst.

$95.87M

Total Debt

$886.15M

Saratoga Investment Corp. Performance Analysis

Saratoga Investment Corp. annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-02-28USD 106,550,71626.6%
20242024-02-29USD 143,873,48935.0%
20252025-02-28USD 106,825,914-25.8%
20262026-02-28USD 131,459,40423.1%
Saratoga Investment Corp. sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-11-30-1.8%
Q42026-02-28-45.3%
Q12026-05-31106.3%
Q22026-08-311.3%
Saratoga Investment Corp. annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-02-28USD 2.06-48.3%
20242024-02-29USD 0.71-65.8%
20252025-02-28USD 2.02186.3%
20262026-02-28USD 2.3114.4%
Saratoga Investment Corp. sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-11-30-11.9%
Q42026-02-28-121.6%
Q12026-05-31-162.5%
Q22026-08-312.4%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2027YOY CHG

Revenue

$31.17M

+12.3%

Gross Profit

$24.28M

+57.8%

Gross Margin

77.88%

N/A

Market Cap

$238.37MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

0

N/A

Net Income

-$6.66M

-150.1%

EBITDA

$21.41M

+66.6%

Quarterly Fundamentals

Name
Q2 2027YOY CHG

Total Cash

$95.87M

-52.3%

Total Debt

$886.15M

+14.1%

Accounts Receivable

$9.35M

+5.1%

Inventory

$0.00

N/A

Long Term Debt

$886.15M

+14.1%

Short Term Debt

$0.00

N/A

Return on Assets

-0.33%

N/A

Return on Invested Capital

4.33%

N/A

Free Cash Flow

-$27.77M

-43.9%

Operating Cash Flow

-$27.77M

-43.9%

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Questions About SAR

What is the current price of Saratoga Investment Corp.?

Saratoga Investment Corp. is trading at $14.90 per share.

What is the 52-week range for Saratoga Investment Corp.?

Over the past 52 weeks, Saratoga Investment Corp. has traded between $13.78 and $24.07.

How much debt does Saratoga Investment Corp. have?

As of the most recent reporting period, Saratoga Investment Corp. reported total debt of $886.15M.

How much cash does Saratoga Investment Corp. have on hand?

Saratoga Investment Corp. reported $95.87M in cash and cash equivalents in its most recent financial results.

What is Saratoga Investment Corp.’s dividend yield?

Saratoga Investment Corp. currently has a dividend yield of 19.56%.

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