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SARATOGA INVESTMENT CORP.

SAJ Clue Score39
United States Fiscal year ends February CIK 0001377936
$25.42 +0.59% Close, 9 Oct 2026
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Price $25.42 +0.71% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 3 Nov 2022. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Net income
Fiscal year 2021Net income14.8EPS, diluted1.32Fiscal year 2022Net income45.7 +209.5%EPS, diluted3.99 +202.3%Fiscal year 2023Net income24.7 −46.0%EPS, diluted2.06 −48.4%Fiscal year 2024Net income8.9 −63.8%EPS, diluted0.71 −65.5%Fiscal year 2025Net income28.1 +214.4%EPS, diluted2.02 +184.5%Fiscal year 2026Net income36.6 +30.3%EPS, diluted2.31 +14.4%
FY2021FY2022FY2023FY2024FY2025FY2026
Net income 14.8 45.7 24.7 8.9 28.1 36.6
Growth +209.5% −46.0% −63.8% +214.4% +30.3%
EPS, diluted 1.32 3.99 2.06 0.71 2.02 2.31
Growth +202.3% −48.4% −65.5% +184.5% +14.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2021Operating cash flow−62.3Dividends paid−11.3Fiscal year 2022Operating cash flow−203.1Dividends paid−18.2Fiscal year 2023Operating cash flow−130.4Buybacks−10.8Dividends paid−22.7Fiscal year 2024Operating cash flow−157.2Buybacks−2.2Dividends paid−32.1Fiscal year 2025Operating cash flow197.5Dividends paid−40.7Fiscal year 2026Operating cash flow−88.0Buybacks−0.1Dividends paid−52.4
FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow −62.3 −203.1 −130.4 −157.2 197.5 −88.0
Buybacks n/a n/a −10.8 −2.2 n/a −0.1
Dividends paid −11.3 −18.2 −22.7 −32.1 −40.7 −52.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash29.9Shareholders’ equity304.2Fiscal year 2022Cash47.3Shareholders’ equity355.8Fiscal year 2023Cash65.7Total debt728.4Net cash (debt)−662.6Shareholders’ equity347.0Debt to equity2.10Fiscal year 2024Cash8.7Shareholders’ equity370.2Fiscal year 2025Cash148.2Total debt793.9Net cash (debt)−645.7Shareholders’ equity392.7Debt to equity2.02Fiscal year 2026Cash1.7Total debt739.4Net cash (debt)−737.7Shareholders’ equity396.2Debt to equity1.87
FY2021FY2022FY2023FY2024FY2025FY2026
Cash 29.9 47.3 65.7 8.7 148.2 1.7
Total debt n/a n/a 728.4 n/a 793.9 739.4
Net cash (debt) n/a n/a −662.6 n/a −645.7 −737.7
Shareholders’ equity 304.2 355.8 347.0 370.2 392.7 396.2
Debt to equity n/a n/a 2.10 n/a 2.02 1.87

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending February, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 28 Feb 2021 FY2022 28 Feb 2022 FY2023 28 Feb 2023 FY2024 29 Feb 2024 FY2025 28 Feb 2025 FY2026 28 Feb 2026
Returns
4.9% 12.9% 7.1% 2.4% 7.2% 9.2%
n/a 5.2% 2.3% 0.7% 2.4% 3.2%
Balance and payout
n/a n/a 2.10 n/a 2.02 1.87
n/a 59.4% 67.8% 68.9% 67.0% 65.2%
76.2% 39.7% 91.9% 358.8% 145.1% 143.0%