Saratoga Investment Balance Sheet

Financials in millions USD. Fiscal year is March - February.

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Cash & Equivalents	169.56	204.72	40.51	96.08	52.87	29.92
Securities and Investments	1,016	978.08	1,139	972.59	817.57	554.31
Accrued Interest and Accounts Receivable	9.17	7.79	10.64	8.52	5.46	4.26
Other Non-Earning Assets	2.28	0.95	1.26	0.97	0.35	3.67
Total Assets	1,197	1,192	1,191	1,078	876.24	592.15
Accounts Payable	2.15	1.68	1.34	1.46	0.8	1.75
Accrued Expenses	11.48	10.14	11.73	15.78	15.82	9.27
Long-Term Debt	764.68	783.72	803.67	711.13	498.88	274.05
Other Liabilities	5.44	5.24	4.24	2.83	4.96	2.89
Total Liabilities	783.76	798.88	820.98	731.2	520.46	287.97
Common Stock	0.02	0.02	0.01	0.01	0.01	0.01
Additional Paid-in Capital	437.09	412.91	371.08	321.89	328.06	304.87
Retained Earnings	-23.9	-20.26	-0.87	25.05	27.71	-0.7
Shareholders' Equity	413.21	392.67	370.22	346.96	355.78	304.19
Total Liabilities & Equity	1,197	1,192	1,191	1,078	876.24	592.15
Total Debt	764.68	783.72	803.67	711.13	498.88	274.05
Net Cash (Debt)	-764.68	-783.72	-803.67	-711.13	-498.88	-274.05
Net Cash Per Share	-49.57	-56.33	-63.43	-59.44	-43.55	-24.49
Book Value	413.21	392.67	370.22	346.96	355.78	304.19
Book Value Per Share	26.79	28.22	29.22	29.00	31.05	27.19
Tangible Book Value	413.21	392.67	370.22	346.96	355.78	304.19
Tangible Book Value Per Share	26.79	28.22	29.22	29.00	31.05	27.19

Updated Nov 30, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q