SequelSEC

SARATOGA INVESTMENT CORP. SAR

Industry unavailable · CIK 0001377936 · Fiscal year ends 0228

AnnualQuarterlyTTM
Revenue
Unavailable
Fiscal year ended 2026-08-31
Operating income
Unavailable
Fiscal year ended 2026-08-31
Free cash flow
Unavailable
Fiscal year ended 2026-08-31

Valuation, from the filing

Public float$350.60MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-08-31
Float per share$21.55Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income9.6×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.9×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-08-31, not today, and each multiple below it uses the figures for the fiscal year ending 2026-02-28 — the year that filing covered.

Valuation over time

9.6× earnings today, against a median of 9.6× across 4 years on record. In line with its own history.

Float measuredPublic floatFloat / net income
2025-08-31$350.60M9.6×
2024-08-31$272.70M9.7×
2023-08-31$271.20M30.4×
2022-08-31$211.10M8.6×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

SARATOGA INVESTMENT CORP. (SAR) reported net income of -$6.66M for the fiscal year ended 2026-08-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from SARATOGA INVESTMENT CORP.’s SEC filings, each linked to the filing it came from.

Income

SARATOGA INVESTMENT CORP. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-08-312026-05-312026-02-282025-11-302025-08-312025-05-312025-02-282024-11-302024-08-312024-05-31
RevenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net income-$6.66M-$6.90M-$2.61M$12.00M$13.29M$13.93M-$676.76K$8.83M$13.32M$6.61M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 16.16Mshares 16.25MUnavailableshares 16.11Mshares 15.78Mshares 15.34MUnavailableshares 13.79Mshares 13.73Mshares 13.68M
Pretax incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Income tax expense$46.08K-$16.56K$23.37K-$204.68K-$11.32K$54.45K$313.77K$36.62K$121.92K-$60.28K
Diluted EPS$-0.41$-0.42Unavailable$0.74$0.84$0.91Unavailable$0.64$0.97$0.48
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$680.95K$600.27K$279.29K$888.79K$412.77K$645.41K-$289.02K$759.90K$821.58K$609.13K
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

SARATOGA INVESTMENT CORP. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-08-312026-05-312026-02-282025-11-302025-08-312025-05-312025-02-282024-11-302024-08-312024-05-31
Cash & equivalents$80.09M$46.14M$1.68M$52.30M$105.66M$131.56M$148.22M$147.61M$84.57M$32.23M
Total assets$1.26B$1.20B$1.14B$1.20B$1.21B$1.20B$1.19B$1.22B$1.21B$1.20B
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$903.69M$818.97M$743.11M$783.76M$795.71MUnavailable$798.88M$845.05MUnavailable$833.93M
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailable$805.90M$798.88MUnavailableUnavailableUnavailable
Total equity incl. NCI$352.58M$378.45M$396.16M$413.21M$410.50M$396.37M$392.67M$374.87M$372.05M$367.86M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$902.38M$817.38M$739.38M$774.38M$786.38M$791.38M$793.88M$837.88M$837.88K$830.88K
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

SARATOGA INVESTMENT CORP. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-08-312026-05-312026-02-282025-11-302025-08-312025-05-312025-02-282024-11-302024-08-312024-05-31
Operating cash flow-$27.77M-$25.97M-$92.42M-$8.60M-$19.30M$32.29M-$19.92M$94.16M$71.15M$52.15M
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Financing cash flow$62.83M$64.99M-$55.36M-$22.64M-$4.18M-$12.73M-$25.52M-$6.00M-$2.44M$644.74K
Net change in cashUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Stock-based compensationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common dividends paid$10.81M$10.80M$14.38M$10.80M$10.51M$16.67M$13.69M$8.96M$9.12M$8.98M
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Derived

SARATOGA INVESTMENT CORP. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-08-312026-05-312026-02-282025-11-302025-08-312025-05-312025-02-282024-11-302024-08-312024-05-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growthUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity2.56x2.16xUnavailable1.87xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open SAR in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-10-06View SEC filing
25-NSE · Filed 2026-09-18View SEC filing
10-Q · Filed 2026-07-07View SEC filing
10-K · Filed 2026-05-05View SEC filing
10-Q · Filed 2026-01-07View SEC filing
10-Q · Filed 2025-10-07View SEC filing

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.