SARATOGA INVESTMENT CORP.

SAR

SARATOGA INVESTMENT CORP.

SAR

Insider Sentiment (TTM):

Last Purchase:2023-05-04Last Sale:-Shares Purchased (TTM):0Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:1,825,894Shares Outstanding:15,850,270Institutional Ownership Pct.:11.52%

Earnings Market Reaction:

Filing Date:2026-07-07Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-05-31	2026-02-28	2025-11-30	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31	2024-05-31	2024-02-29	2023-11-30	2023-08-31
Revolving Credit Facility	1	2	1	-0	1	1	-0	0	2	1	-0	-0
Investment Unaffiliated Issuer	1,035	1,016	22	23	875	898	-	-	-	1,020	-	-
Investment Affiliated Issuer Controlled	77	75	-1	-0	76	76	78	-	-	117	-	-
Two Thousand And Twenty Five Notes1	-	0	0	0	0	20	20	-	-	20	-	-
Seven Point Zero Percentage Two Thousand Twenty Fi…	-	0	0	0	0	12	12	-	-	12	-	-
Seven Point Seventy Five Percentage Two Thousand T…	-	0	0	0	0	5	5	-	-	5	-	-
Four Point Three Hunderend Seventy Five Two Thousa…	-	0	0	0	0	175	175	-	-	175	-	-
S B A Debentures	213	160	0	0	170	170	0	0	214	214	16	-13
Notes Payable	-	-	-	-	-	-	-	0	20	20	0	0
Notes Payable One	-	-	-	-	-	-	-	0	12	12	0	0
Notes Payable Two	-	-	-	-	-	-	-	0	5	5	0	0
Notes Payable Three	-	-	-	-	-	-	-	0	175	175	0	0
Notes Payable Four	-	-	-	-	-	-	-	0	75	75	0	0
Notes Payable Five	-	-	-	-	-	-	-	0	15	15	0	0
Notes Payable Six	-	-	-	-	-	-	-	0	106	106	0	0
Notes Payable Seven	-	-	-	-	-	-	-	0	46	46	0	0
Notes Payable Eight	-	-	-	-	-	-	-	0	60	60	0	0
Notes Payable Nine	-	-	-	-	-	-	-	0	0	0	0	-57
Four Point Thirty Five Two Thousand Twenty Seven N…	0	0	0	0	0	75	75	-	-	75	-	-
Six Point Twenty Five Two Thousand Twenty Seven No…	0	0	0	0	0	15	75	-	65	15	-	-
Six Point Zero Two T Housand Twenty Seven Notes	0	0	0	0	0	106	106	-	103	106	-	-
Eight Point Zero Zero Two Thousand Twenty Seven No…	0	0	0	0	0	46	46	-	-	46	-	-
Eight Point One Twenty Five Two Thousand Twenty Se…	0	0	0	0	0	60	60	-	-	60	-	-
Eight Point Fifty Percentage Two Thosand Twenty Ei…	0	0	0	0	0	58	58	-	58	58	58	-
Cash Equivalents At Carrying Value	-	-	-	-	-	148	-	-	-	9	-	-
Seven Point Twenty Five Two Thousand Twenty Nine N…	0	-	-	-	-	-	-	-	-	-	-	-
Seven Point Twenty Five Notes Payable2030	0	0	-	-	-	-	-	-	-	-	-	-
Seven Point Five Zero Notes Payable2031	0	0	-	-	-	-	-	-	-	-	-	-
Assets
Investments
Investment Owned At Fair Value	1,126	1,109	1,016	995	968	978	960	963	1,016	1,139	976	948
Equity Method Investments	-	-	-	-	-	-	-	48	51	91	90	104
Investments Fair Value Disclosure	-	-	-	-	-	-	-	1,041	1,096	1,139	1,114	1,099
Fair Value Investments En…
Cash And Cash Equivalents At Carrying Value	46	2	52	106	132	148	148	85	32	9	21	19
Restricted Cash And Cash Equivalents	15	20	117	95	93	57	103	77	61	32	26	29
Interest Receivable	9	7	9	9	8	7	7	10	10	10	9	8
Other Receivables Net Current	0	0	0	0	0	0	0	-	-	0	-	-
Other Assets Noncurrent	1	1	2	1	1	1	2	2	2	1	1	0
Income Taxes Receivable	-	-	-	-	-	-	0	0	0	0	0	0
Other Receivables	-	-	-	-	-	-	-	-	1	-	-	-
Assets	1,197	1,139	1,197	1,206	1,202	1,192	1,220	1,215	1,202	1,191	1,172	1,156
Line Of Credit	70	70	70	70	70	53	53	53	46	35	35	35
Deferred Tax Liabilities Other	4	5	5	5	5	5	5	-	4	4	-	-
Accounts Payable Trade Current	-	-	-	2	7	-	-	-	-	-	-	-
Accounts Payable And Accrued Liabilities Current A…	1	2	2	2	2	2	3	-	1	1	-	-
Liabilities
Liabilities	819	743	784	796	-	799	845	-	834	821	-	-
Interest Payable Current And Noncurrent	-	-	-	-	-	-	-	-	5	4	-	-
Management Fee Payable	3	4	5	3	5	4	6	-	-	4	-	-
Liabilities Current	-	-	-	-	806	-	-	-	-	-	-	-
Asset Net
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Stockholders Equity
Stockholders Equity	378	396	413	410	396	393	375	372	368	370	360	362
Additional Paid In Capital Common Stock	441	439	437	434	422	413	377	373	372	371	357	346
Retained Earnings Accumulated Deficit	-62	-43	-24	-24	-25	-20	-2	-1	-4	-1	3	16
Liabilities And Stockholders Equity	1,197	1,139	1,197	1,206	1,202	1,192	1,220	1,215	1,202	1,191	1,172	1,156
Noncontrol Nonaffiliate Investments	-	-	-	-	-	-	-	-86	1,018	-	-	-
Affiliated Investments	-	-	-	-	-	-	-	0	27	-	-	-
Control Investments	-	-	-	-	-	-	-	2	77	-	-	-
Net Asset Value Per Share	23.23	24.42	25.59	25.61	25.52	25.86	26.95	27.07	26.85	27.12	27.42	28.44
Investment Affiliated Issuer Noncontrolled	1,042	1,012	23	23	863	886	852	-	-	1,036	-	-
Investment Affiliated Issuer	49	49	-1	1	50	38	38	-	-	27	-	-
Investment Owned At Cost	1,169	1,136	1,034	1,013	989	1,000	967	1,039	1,123	1,180	1,148	1,115
Debt Instrument Interest Rate Stated Percentage	-	-	-	-	-	-	-	-	-	-	-	0
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	100	100	100	100	100	100	100	100	100	100	100	100
Common Stock Shares Issued	16	16	16	16	16	15	14	14	14	14	13	13
Shares Outstanding	16	16	16	16	16	15	14	14	14	14	13	13

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10‑Q10‑K

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Interactive Financial Visualizations

10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2027	-8.74%	-	-	-	-	-	-	-	-	-	-	-
2026	-3.55%	3.03%	-0.66%	-3.60%	0.61%	2.55%	4.65%	3.61%	-5.41%	-3.06%	-2.92%	-16.58%
2025	1.02%	4.94%	6.42%	-1.48%	8.95%	5.33%	1.96%	6.12%	5.99%	0.41%	1.03%	4.14%
2024	-4.44%	-6.19%	-3.81%	5.12%	10.50%	12.47%	-11.00%	-8.84%	-7.63%	0.13%	-1.27%	1.82%
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Performance and Valuation Metrics

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Metrics	2026-05-31	2026-02-28	2025-11-30	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31	2024-05-31	2024-02-29	2023-11-30	2023-08-31
Leverage & Debt
Debt to Equity	-	-	-	-	2.03	-	-	-	-	-	-	-
Interest Coverage TTM	1.31	1.74	1.78	1.70	1.70	1.55	1.66	1.42	1.31	1.18	1.42	1.63
Per Share Metrics
Diluted EPS TTM	0.97	2.31	2.39	2.24	2.31	2.02	2.47	1.54	1.15	0.71	1.75	2.66
Free Cash Flow Per Share TTM	-9.00	-5.55	-0.96	5.53	11.58	14.20	14.27	6.13	0.43	-12.41	-7.97	-20.43
Dividend Per Share TTM	2.86	3.30	3.21	3.16	3.16	2.93	2.61	2.58	2.48	2.53	2.29	3.08
Margin Metrics
Operating Profit Margin TTM	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-
Net Profit Margin TTM	14.74%	34.24%	35.79%	31.66%	28.39%	21.44%	17.07%	10.51%	9.72%	6.99%	69.90%	-
Growth Metrics
Net Revenue Growth (1Y)	-14.20%	-18.41%	-46.03%	-44.54%	-23.06%	2.53%	511.04%	-	-	-	-	-
Net Income Growth (1Y)	-55.47%	30.33%	13.12%	67.03%	124.71%	214.38%	49.25%	-34.55%	-34.13%	-	-	-
EPS Growth (1Y)	-57.95%	14.39%	-3.16%	45.33%	100.38%	186.33%	41.27%	-42.02%	-42.90%	-	-	-
Valuation Metrics
P/E TTM	22.40	9.37	8.69	9.88	9.04	10.30	7.96	11.33	14.83	23.35	10.17	6.42
P/B TTM	0.93	0.87	0.81	0.85	0.81	0.74	0.72	0.64	0.64	0.56	0.65	0.57
P/S TTM	3.30	3.21	3.11	3.13	2.57	2.21	1.36	1.19	1.44	1.63	7.11	-
Market Cap	353.20M	343.13M	335.08M	349.58M	320.12M	289.28M	271.15M	239.94M	233.62M	208.63M	232.16M	207.59M
Enterprise Value	292.39M	321.34M	165.53M	148.78M	95.83M	84.56M	20.98M	77.94M	160.32M	188.12M	185.13M	159.16M
Calculated Values
Free Cash Flow TTM	-146.29M	-88.03M	-15.53M	87.23M	177.68M	197.54M	196.80M	84.08M	5.85M	-157.21M	-103.99M	-248.37M
Net Debt	-60.81M	-21.79M	-169.56M	-200.80M	-224.29M	-204.72M	-250.16M	-162.00M	-73.30M	-20.51M	-47.03M	-48.43M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2023-05-04Purchase

Owner: Oberbeck, Christian L

Title: CEO, Director and President

Shares: 2,000

Price/Share: $23.81

Value: $47,620.00

Shares Owned: 689,775

Relationship: Director,Officer,TenPercentOwner

Ownership: Direct

2022-08-02Purchase

Owner: Looney, Steven M

Title: -

Shares: 1,250

Price/Share: $23.54

Value: $29,425.00

Shares Owned: 3,758

Relationship: Director

Ownership: Direct

2020-08-11Purchase

Owner: Oberbeck, Christian L

Title: CEO and Director

Shares: 2,000

Price/Share: $17.67

Value: $35,340.00

Shares Owned: 727,450

Relationship: Director,Officer,TenPercentOwner

Ownership: Direct

2020-07-24Purchase

Owner: Oberbeck, Christian L

Title: CEO and Director

Shares: 1,000

Price/Share: $16.89

Value: $16,890.00

Shares Owned: 720,450

Relationship: Director,Officer,TenPercentOwner

Ownership: Direct

2020-07-13Purchase

Owner: Oberbeck, Christian L

Title: CEO and Director

Shares: 500

Price/Share: $16.00

Value: $8,000.00

Shares Owned: 714,450

Relationship: Director,Officer,TenPercentOwner

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2023-05-04	Oberbeck, Christian L	Director,Officer,TenPercentOwner	CEO, Director and President	Direct	Purchase	2,000	23.81	$47,620.00	689,775	4
2022-08-02	Looney, Steven M	Director	-	Direct	Purchase	1,250	23.54	$29,425.00	3,758	4
2020-08-11	Oberbeck, Christian L	Director,Officer,TenPercentOwner	CEO and Director	Direct	Purchase	2,000	17.67	$35,340.00	727,450	4
2020-07-24	Oberbeck, Christian L	Director,Officer,TenPercentOwner	CEO and Director	Direct	Purchase	1,000	16.89	$16,890.00	720,450	4
2020-07-13	Oberbeck, Christian L	Director,Officer,TenPercentOwner	CEO and Director	Direct	Purchase	500	16.00	$8,000.00	714,450	4
2020-05-21	Oberbeck, Christian L	Director,Officer,TenPercentOwner	CEO and Director	Direct	Purchase	5,000	14.91	$74,550.00	749,435	4
2020-05-14	Steenkamp, Henri J	Officer	CFO, CCO, Treasurer, Secretary	Direct	Purchase	1,203	12.90	$15,518.70	13,048	4
2020-05-13	Oberbeck, Christian L	Director,Officer,TenPercentOwner	CEO and Director	Direct	Purchase	4,000	12.88	$51,520.00	740,435	4
2020-05-11	Oberbeck, Christian L	Director,Officer,TenPercentOwner	CEO and Director	Direct	Purchase	3,000	12.94	$38,820.00	736,435	4
2020-05-08	Oberbeck, Christian L	Director,Officer,TenPercentOwner	CEO and Director	Direct	Purchase	8,000	13.11	$104,880.00	733,435	4
2020-05-08	Williams, George Cabell I…	Director	-	Direct	Purchase	12,104	12.76	$154,447.04	64,297	4
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Institutional Ownership

No data available for chart

2026-03-31

11.52%

Inst. Shares: 1,825,894

Shares Outstanding: 15,850,270

2025-12-31

12.59%

Inst. Shares: 2,028,790

Shares Outstanding: 16,108,862

2025-09-30

13.56%

Inst. Shares: 2,139,227

Shares Outstanding: 15,775,387

2025-06-30

14.50%

Inst. Shares: 2,224,880

Shares Outstanding: 15,344,510

2025-03-31

17.36%

Inst. Shares: 2,414,618

Shares Outstanding: 13,912,170

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	1,825,894	15,850,270	11.52%
2025-12-31	2,028,790	16,108,862	12.59%
2025-09-30	2,139,227	15,775,387	13.56%
2025-06-30	2,224,880	15,344,510	14.50%
2025-03-31	2,414,618	13,912,170	17.36%
2024-12-31	2,118,712	13,789,951	15.36%
2024-09-30	1,923,908	13,726,142	14.02%
2024-06-30	1,910,334	13,683,314	13.96%
2024-03-31	2,043,270	12,670,939	16.13%
2023-12-31	2,465,318	13,052,896	18.89%
2023-09-30	2,274,669	12,158,440	18.71%
2023-06-30	1,650,973	11,862,163	13.92%
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SARATOGA INVESTMENT CORP. (SAR) — SEC Financial Statements & Analysis

SARATOGA INVESTMENT CORP. (SAR) is a not available company, incorporated in MD. SARATOGA INVESTMENT CORP. trades on NYSE as: SAR, SAJ, SAT, SAV, SAY, SAZ. Based on its latest SEC filing (Form 10-Q, period ending 2026-05-31), SARATOGA INVESTMENT CORP. reported a -14.20% year-over-year revenue growth, a Debt-to-Equity ratio of 2.03x, a Price-to-Sales (P/S) ratio of 3.30x (TTM), a Price-to-Book (P/B) ratio of 0.93x (TTM), at a market cap of $353.20M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -14.20%
Debt To Equity: 2.03x
P/S TTM: 3.30x
P/B TTM: 0.93x
Market Cap: $353.20M

Data as of 2026-05-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is SARATOGA INVESTMENT CORP. in?

SARATOGA INVESTMENT CORP. (SAR) operates in the Not Available industry.

What is SAR's market cap?

SARATOGA INVESTMENT CORP. (SAR) has a market capitalization of $353.20M as of 2026-05-31.

What is SAR's P/E ratio?

SARATOGA INVESTMENT CORP. (SAR)'s trailing twelve month P/E ratio is 22.40x as of 2026-05-31.

What exchange does SAR trade on?

SARATOGA INVESTMENT CORP. (SAR) trades on the NYSE.

Where is SARATOGA INVESTMENT CORP. incorporated?

SARATOGA INVESTMENT CORP. is incorporated in MD.