Every 10-Q that Saratoga Investment Corp. (SAR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SAR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SAR filings page.
Saratoga Investment Corp. (SAJ) reported net investment income of $7.3 million for the three months ended August 31, 2026, versus $9.1 million a year earlier; total investment income was $31.2 million versus $30.6 million. Net assets decreased by $6.7 million from operations, compared with a $13.3 million increase in the prior-year quarter. The quarter included $16.5 million of net unrealized depreciation on investments, versus $3.7 million of appreciation.
For the six months ended August 31, 2026, net investment income was $14.9 million, compared with $19.2 million in 2025, and operations produced a $13.6 million decrease in net assets versus a $27.2 million increase. Net unrealized depreciation was $31.6 million, versus $4.7 million of appreciation in the prior-year period. At August 31, 2026, investments at fair value were $1.150 billion, net asset value was $22.15 per share, and cash and reserve-account balances totaled $95.9 million. At February 28, 2026, investments at fair value were $1.109 billion and net asset value was $24.42 per share.
Saratoga Investment Corp. reported a net decrease in net assets from operations of $6.9 million for the quarter ended May 31, 2026, compared with an increase of $13.9 million a year earlier. Total investment income was $30.8 million, slightly below the prior year’s $32.3 million, while operating expenses rose to $23.2 million. The key driver of the loss was a $15.2 million net unrealized depreciation on investments. Net investment income was $7.6 million, down from $10.1 million. Net assets declined to $378.5 million, and net asset value per share fell to $23.23 from $24.42 as of February 28, 2026.
Saratoga Investment Corp., a business development company, reported results for the three and nine months ended November 30, 2025. For the quarter, total investment income was $31.6M compared with $35.9M a year earlier, and net investment income was $9.8M versus $12.4M, reflecting lower interest income and fees.
Despite softer income, quarterly net increase in net assets from operations rose to $12.0M from $8.8M, helped by net realized and unrealized gains on investments. Over nine months, net investment income was $29.0M, while net increase in net assets from operations reached $39.2M. Total investments at fair value were $1.02B and net assets were $413.2M, with net asset value per share of $25.59 versus $25.86 at the prior fiscal year-end.