Saratoga Investment Corp. (SAJ)
It posted a net loss of $4.2M. At August 31, 2026 it held $80.1M in cash against $902.4M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 6, 2026.
Key facts about Saratoga Investment Corp.
- Net worth
- Saratoga Investment Corp. has a market value (market cap) of $398.6M at the latest share price, and shareholders' equity of $352.6M on its balance sheet at August 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2026 operations used $88M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 6, 2026 and covers the period to August 31, 2026. Open on SEC EDGAR
- Next earnings report
- Saratoga Investment Corp.'s next report is expected around January 6, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Saratoga Investment Corp. does
Its shares trade on NYSE under the ticker SAJ.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2026 | n/a | $36.6M | $2.31 | n/a |
| 2025 | n/a | $28.1M | $2.02 | n/a |
| 2024 | n/a | $8.9M | $0.71 | n/a |
| 2023 | n/a | $24.7M | $2.06 | n/a |
| 2023 | n/a | $45.7M | $3.99 | n/a |
| 2021 | n/a | $14.8M | $1.32 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
It paid out $52.4M in cash dividends, 143% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2026 | n/a | $52.4M | 143% |
| 2025 | n/a | $40.7M | 145% |
| 2024 | n/a | $32.1M | 359% |
| 2023 | n/a | $22.7M | 92% |
| 2023 | n/a | $18.2M | 40% |
| 2021 | n/a | $11.3M | 76% |
Latest SEC filings
What Saratoga Investment Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Form N-14 8C filing N-14 8C
- October 28, 2026Form N-23C-2 filing N-23C-2
- October 9, 2026Material agreement8-KSaratoga Investment Corp. amended its credit facility to increase available borrowings to $110.0 million and adjust portfolio concentration limits.
- October 6, 2026Quarterly results8-KSaratoga Investment Corp. reported fiscal second quarter 2027 results with asset growth alongside lower net asset value and net investment income.
- October 6, 2026Quarterly report10-Q · period to August 31, 2026Saratoga Investment Corp. reported a quarterly net decrease in net assets from operations of $(6,661) thousand driven by unrealized portfolio depreciation.Diluted EPS -$0.41 versus $0.84.
- September 24, 2026Material agreement8-KSaratoga Investment Corp. closed an offering of $23,092,350 in additional 8.00% notes due 2031 to repay credit facility debt.
- September 23, 2026Form 497AD filing 497AD
- September 23, 2026
- September 22, 2026Form 497AD filing 497AD
- September 18, 2026Executive or director change8-KSaratoga Investment Corp. announced an executive leadership transition following the departure of its Chief Financial Officer for health reasons.
Insider trades
What the people running Saratoga Investment Corp. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $445.8K worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 9, 2026 | Oberbeck Christian LCEO and Director, Director | Boughtindirect | 15,000 | $222.5K |
| October 8, 2026 | Oberbeck Christian LCEO and Director, Director | Boughtindirect | 15,000 | $223.4K |
| September 9, 2026 | Oberbeck Christian LCEO and Director, Director | Other changeindirect | 290 | - |
| August 18, 2026 | Oberbeck Christian LCEO and Director, Director | Other changeindirect | 280 | - |
| July 22, 2026 | Oberbeck Christian LCEO and Director, Director | Other changeindirect | 2,560 | - |
| January 29, 2026 | Oberbeck Christian LCEO and Director, Director, 10% owner | Gave as a gift | 1,000 | - |
| December 19, 2025 | Oberbeck Christian LCEO and Director, Director, 10% owner | Gave as a gift | 1,000 | - |
| December 11, 2025 | Oberbeck Christian LCEO and Director, Director, 10% owner | Gave as a gift | 5,200 | - |
Who owns SAJ
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Insiders
1 insiders reported holding 694,983 shares in total, about $17.7M at the last price.
| Holder | Shares |
|---|---|
| Oberbeck Christian LCEO and Director, Director, 10% owner | 694,98330,000 held indirectly |
Questions about SAJ
What does Saratoga Investment Corp. do?
Saratoga Investment Corp. is a company in the Finance sector, listed on NYSE as SAJ. Its shares trade on NYSE under the ticker SAJ.
What is Saratoga Investment Corp.'s net worth?
Saratoga Investment Corp. has a market value (market cap) of $398.6M at the latest share price, and shareholders' equity of $352.6M on its balance sheet at August 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Saratoga Investment Corp. profitable?
No. Over the twelve months to August 31, 2026 it reported a net loss of $4.2M.
When did Saratoga Investment Corp. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 6, 2026. It covers the period to August 31, 2026. Its newest filing of any kind is the form N-14 8C filing from November 5, 2026.
When is Saratoga Investment Corp.'s next earnings report?
Saratoga Investment Corp.'s next report is expected around January 6, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Saratoga Investment Corp. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.