Saratoga Investment Corp. (SAR)

Saratoga Investment Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Cash & Equivalents	80.09	1.68	148.22	8.69	65.75	47.26
Cash & Short-Term Investments	80.09	1.68	148.22	8.69	65.75	47.26
Cash Growth	-24.20%	-98.87%	1605.06%	-86.78%	39.12%	151.00%
Accounts Receivable	9.35	7.56	7.79	10.64	8.52	5.46
Other Receivables	-	-	-	0.1	0.44	-
Receivables	9.35	7.56	7.79	10.74	8.96	5.46
Restricted Cash	15.79	20.11	56.51	31.81	30.33	5.61
Other Current Assets	-	-	-	-	-	0.09
Total Current Assets	105.23	29.35	212.52	51.25	105.04	58.42
Long-Term Investments	1,150	1,109	978.08	1,139	972.59	817.57
Other Long-Term Assets	0.85	0.78	0.95	1.16	0.53	0.25
Total Assets	1,256	1,139	1,192	1,191	1,078	876.24

Liabilities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Accounts Payable	0.85	1.77	1.68	1.34	1.46	0.8
Accrued Expenses	13.05	11.1	10.49	12.18	15.79	16.71
Short-Term Debt	70	70	72.49	54.88	32.5	12.5
Current Income Taxes Payable	0.03	-	-	-	-	2.82
Total Current Liabilities	83.94	82.88	84.66	68.4	49.76	32.83
Long-Term Debt	816.15	655.65	709.33	748.79	678.63	486.38
Long-Term Deferred Tax Liabilities	3.6	4.58	4.89	3.79	2.82	1.25
Total Liabilities	903.69	743.11	798.88	820.98	731.2	520.46

Shareholders' Equity

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Common Stock	0.02	0.02	0.02	0.01	0.01	0.01
Additional Paid-In Capital	433.53	439.2	412.91	371.08	321.89	328.06
Retained Earnings	-80.97	-43.06	-20.26	-0.87	25.05	27.71
Shareholders' Equity	352.58	396.16	392.67	370.22	346.96	355.78
Total Liabilities & Equity	1,256	1,139	1,192	1,191	1,078	876.24

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Total Debt	886.15	725.65	781.82	803.67	711.13	498.88
Net Cash (Debt)	-806.06	-723.97	-633.6	-794.98	-645.38	-451.62
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-49.84	-45.68	-45.54	-62.74	-53.95	-39.42
Filing Date Shares Outstanding	15.92	16.27	15.36	13.7	11.86	12.12
Total Common Shares Outstanding	15.92	16.22	15.18	13.65	11.89	12.13
Working Capital	21.28	-53.53	127.86	-17.15	55.28	25.59
Book Value Per Share	22.15	24.42	25.86	27.12	29.18	29.33
Tangible Book Value	352.58	396.16	392.67	370.22	346.96	355.78
Tangible Book Value Per Share	22.15	24.42	25.86	27.12	29.18	29.33

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 7, 2026

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