Aug 2026 (Q2 FY27) — Oct 7, 2026
Saratoga Investment Corp. Q2 FY27 — Record AUM and zero nonaccruals, but NAV drops and NII no longer covers the dividend
Read the full callSaratoga Investment (SAR) earnings
- Aug 2026
- Aug 2026 (Q2 FY27)
- Feb 2026
Saratoga Investment earnings: last reported Wed, 7 Oct 2026, for the quarter ended Aug 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | Quarterly, as filed | Quarter to Aug 2026 | Not in the filed figures for the quarter to aug 2026. No older figure is substituted. | ||
| Operating margin | Operating profit / revenue | Quarter to Aug 2026 | Not in the filed figures for the quarter to aug 2026. No older figure is substituted. | ||
| Net profit | -6.7 | −150.1% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Price
$14.9 −2.74% · −$0.42
Performance −31.4% 1Y
1Y: $21.72 on 17 Oct 2025 → $14.9. High $24.02 (2 Feb 2026), low $14.9 (19 Oct 2026).
- Previous close
- $15.32
- 52-week range
- $14.9 – $24.02
- One year
- −32.06%
Overview
- Symbol
- SAR
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Call summaries
May 2026 (Q1 FY27) — Jul 8, 2026
Saratoga Investment Corp. Q1 FY27 — Strong Originations and AUM Growth Amidst Market Headwinds
Read the full callEvery analysed call
Saratoga Investment earnings calls (SAR)
Financials
What the filings say
Net profit, year on year: −150% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Interest | — | — | 1 | 1 | — | — | — | — |
| Net profit | 9 | -1 | 14 | 13 | 12 | -3 | -7 | -7 |
| EPS ($ per share) | 0.64 | — | 0.91 | 0.84 | 0.74 | — | -0.42 | -0.41 |
| Line item | Feb 2021 | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 |
| Reserves | — | 28 | 25 | -1 | -20 | -43 |
| Total liabilities | — | 520 | 731 | 821 | 799 | 743 |
| Total assets | — | 876 | 1,078 | 1,191 | 1,192 | 1,139 |
| Line item | Feb 2021 | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -62 | -203 | -130 | -157 | 198 | -88 |
| Cash from financing | 53 | 226 | 174 | 102 | -33 | -95 |
SAR operating KPIs by quarter
| KPI | May 2026 Q1 FY27 | Aug 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|
| Assets under management (AUM) | $1.126BSaratoga Investment Corp's highlights this quarter include net positive originations of $31 million, including two new portfolio companies originated in the quarter, sustained long-term AUM growth, with AUM growing 1.6% during the quarter and reaching close to a record level of $1.126 billion.Source: earnings call transcript | $1.15BThis quarter had numerous highlights and subsequent to the quarter, including net positive originations of $37.1 million, including 2 new non-software portfolio companies originated in the quarter and sustained high-quality AUM growth with AUM growing 2.1% and during the quarter and reaching a record level of $1.15 billion.Source: earnings call transcript | +2.1% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
10 filings between Dec 11, 2025 and Oct 9, 2026.
Open market
decisions to buy or sellPurchases
$445.8K
2 purchases by 1 insider
Sales
None
No insider sold shares.
Also filed: 5 gifts, 3 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Oberbeck Christian L | $445.8K | — | Oct 9, 2026 |
Latest filings (20)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 9, 2026 | Oberbeck Christian L CEO and Director | Purchase | 15,000 | $222.4K |
| Oct 8, 2026 | Oberbeck Christian L CEO and Director | Purchase | 15,000 | $223.3K |
| Sep 9, 2026 | Oberbeck Christian L CEO and Director | Other | 290 | $0 |
| Aug 18, 2026 | Oberbeck Christian L CEO and Director | Other | 280 | $0 |
| Jul 22, 2026 | Oberbeck Christian L CEO and Director | Other | 2,560 | $0 |
| Jan 29, 2026 | Oberbeck Christian L CEO and Director | Gift | 1,000 | $0 |
| Dec 19, 2025 | Oberbeck Christian L CEO and Director | Gift | 1,000 | $0 |
| Dec 11, 2025 | Oberbeck Christian L CEO and Director | Gift | 5,200 | $0 |
| Dec 11, 2025 | Oberbeck Christian L CEO and Director | Gift | 7,800 | $0 |
| Dec 11, 2025 | Oberbeck Christian L CEO and Director | Gift | 7,800 | $0 |
| Sep 23, 2025 | Oberbeck Christian L CEO and Director | Other | 606 | $0 |
| Jul 31, 2025 | Oberbeck Christian L CEO and Director | Other | 2,252 | $0 |
| Jul 30, 2025 | Oberbeck Christian L CEO & Director | Other | 48 | $0 |
| Jul 29, 2025 | Oberbeck Christian L CEO & Director | Other | 28,261 | $0 |
| Jul 29, 2025 | Steenkamp Henri J CFO, CCO, Treasurer and Sec. | Other | 4,373 | $0 |
| Dec 2, 2024 | Oberbeck Christian L CEO and Director | Gift | 5,120 | $0 |
| Dec 2, 2024 | Oberbeck Christian L CEO and Director | Gift | 7,680 | $0 |
| Dec 2, 2024 | Oberbeck Christian L CEO and Director | Gift | 7,680 | $0 |
| Nov 5, 2024 | Oberbeck Christian L CEO and Director | Other | 430 | $0 |
| Oct 7, 2024 | Oberbeck Christian L CEO and Director | Other | 248 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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