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Saratoga Investment Corp.(NYSE) SAR

Market Cap$308.92MMarket 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)+274%
5 Year+25%
1 Year-14%
1 Month-13%
$19.40
+2.43%
+0.46Today
Saratoga Investment Corp. last closing stock price
MetricPriceDate
Last closeUSD 18.942026-07-24
Saratoga Investment Corp. stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-3.42%USD 19.612026-07-17
1 month-13.33%USD 21.852026-06-24
3 month-12.96%USD 21.762026-04-24
Year to date-11.42%USD 21.382025-12-31
1 year-14.08%USD 22.042025-07-24
3 year+3.79%USD 18.252023-07-25
5 year+24.78%USD 15.182021-07-23
Since inception+274.04%USD 5.062007-03-23

Saratoga Investment Corp. Financials at a Glance

Market Cap

$308.92MMarket 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)

$100.70M

Net Income (TTM)

$16.76M

EPS (TTM)

$1.00

P/E Ratio

18.92

Dividend

$3.00

Beta (Volatility)

0.57 (Low)

Price

$19.40

Volume

6,248

Open

$19.14

Previous Close

$19.40

Daily Range

$18.97 - $19.52

52-Week Range

$17.34 - $25.36

Estimated Earnings Date

Oct 6, 2026

SAR News

No articles available.

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About Saratoga Investment Corp.

Saratoga helps smaller American businesses get the money they need to grow. It provides loans to companies that are too small for big banks. These funds help business owners buy new equipment or expand.

The Company Lending Menu

  • First Lien Loans: Senior debt instruments secured by company assets; accounts for 82.1% of the portfolio.
  • Equity Interests: Ownership stakes in private companies; represents 7.6% of the portfolio.
  • Structured Finance Securities: Investments in debt pools like collateralized loan obligations; makes up 4.9% of the portfolio.
  • Second Lien Term Loans: Secured debt that ranks behind first lien loans; comprises 3.9% of the portfolio.
  • Unsecured Loans: Debt provided without specific asset collateral; makes up 1.5% of the portfolio.

Strategic Moves and Partnerships

  • Received a license for SBIC III LP on September 29, 2022, to provide more capital to small businesses.
  • Merged SBIC LP into the company on January 3, 2024, after repaying all government-guaranteed debt.
  • Formed the SLF JV joint venture on October 26, 2021, with TJHA to invest in a broader range of loans.
  • Earned $1.8 million in interest income from the SLF JV joint venture during the year ended February 28, 2026.

What Makes Them Different?

Saratoga operates as a Business Development Company, a specialized fund that must distribute most of its income to shareholders. It focuses on businesses with annual earnings between $2 million and $50 million, a niche often overlooked by large global investment banks.

The Latest Financial Figures

  • Total assets reached $1,139.3 million as of February 28, 2026.
  • The weighted average yield on all investments was 9.6% as of February 28, 2026.
  • Operating income worsened to a loss of $181.3 million in Q4 2026 from a $2.4 million profit in Q4 2025.
  • Market capitalization was $367.1 million in Q4 2026, down 3.5% from the previous year.
  • Total return based on net asset value was 7.50% for the period ended February 28, 2026.

Saratoga's Evolution

Saratoga has transitioned from a general investment firm to a specialized lender for middle-market American companies. Its structure as a regulated investment company allows it to pass earnings directly to stockholders while supporting small business expansion.

AI Generated • May 8, 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

56.59%

Operating Margin

46.30%

Net Income Margin

16.64%

Return on Equity

4.19%

Return on Capital

3.38%

Return on Assets

1.40%

Earnings Yield

5.29%

Dividend Yield

15.78%

Payout Ratio

2.77%

Stock Overview

Market Cap

$308.92MMarket 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

16.31M

Volume

6.25K

Avg. Volume

136.58K

Financials (TTM)

Gross Profit

$56.99M

Operating Income

$46.62M

EBITDA

$46.62M

Operating Cash Flow

-$146.29M

Capital Expenditure

$0.00

Free Cash Flow

-$146.29M

Cash & ST Invst.

$60.81M

Total Debt

$590.00M

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
Q22025-08-31-5.2%
Q32025-11-30-1.8%
Q42026-02-28-45.3%
Q12026-05-31106.3%
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
Q22025-08-31-7.7%
Q32025-11-30-11.9%
Q42026-02-28-121.6%
Q12026-05-31-162.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2027YOY CHG

Revenue

$30.78M

+5.1%

Gross Profit

$23.91M

+42.0%

Gross Margin

77.70%

N/A

Market Cap

$308.92MMarket 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

-$5.92M

-142.5%

EBITDA

$22.58M

+60.8%

Quarterly Fundamentals

Name
Q1 2027YOY CHG

Total Cash

$60.81M

-53.8%

Total Debt

$590.00M

-24.4%

Accounts Receivable

$9.28M

+11.9%

Inventory

$0.00

N/A

Long Term Debt

$590.00M

-24.4%

Short Term Debt

$0.00

N/A

Return on Assets

1.40%

N/A

Return on Invested Capital

3.93%

N/A

Free Cash Flow

-$25.97M

-180.4%

Operating Cash Flow

-$25.97M

-180.4%

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Questions About SAR

What is the current price of Saratoga Investment Corp.?

Saratoga Investment Corp. is trading at $19.40 per share.

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

Over the past 52 weeks, Saratoga Investment Corp. has traded between $17.34 and $25.36.

How much debt does Saratoga Investment Corp. have?

As of the most recent reporting period, Saratoga Investment Corp. reported total debt of $802.74M.

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

Saratoga Investment Corp. reported $60.81M 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 15.78%.

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