Saratoga Investment Corp. (SAR)

Saratoga Investment Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 30, 2025	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021
Net Income	38.54	28.09	8.93	24.68	45.74	14.78
Depreciation & Amortization	4.86	5.03	5.17	3.59	2.16	1.37
Other Adjustments	-5.73	18.58	50.67	10.99	-30.35	4.02
Changes in Accrued Interest and Accounts Receivable	-1.3	3.03	-2.77	-3.25	-1.2	0.82
Changes in Trading Liabilities	2	-	-	-	-	-
Changes in Accounts Payable	-0.35	0.34	-0.13	0.67	-0.95	0.04
Changes in Accrued Expenses	-1.96	-1.59	-4.05	-3.49	9.3	-8.13
Changes in Other Operating Activities	-49.78	144.06	-215.03	-163.55	-227.84	-75.25
Operating Cash Flow	-15.53	197.54	-157.21	-130.37	-203.13	-62.35
Long-Term Debt Issued	58.75	30	149	336.88	385	104.13
Long-Term Debt Repaid	-81	-56.5	-57	-119.13	-155.5	-33
Net Long-Term Debt Issued (Repaid)	-22.25	-26.5	92	217.75	229.5	71.13
Issuance of Common Stock	51.7	35.35	49.01	-	26.84	-
Repurchase of Common Stock	-	-	-2.16	-10.82	-2.55	-3.61
Net Common Stock Issued (Repurchased)	51.7	35.35	46.86	-10.82	24.29	-3.61
Common Dividends Paid	-51.66	-40.75	-32.05	-22.67	-18.16	-11.27
Other Financing Activities	-1.61	-1.43	-5.17	-10.68	-9.54	-3.44
Financing Cash Flow	-65.08	-33.32	101.64	173.58	226.09	52.81
Net Cash Flow	-80.61	164.22	-55.57	43.21	22.96	-9.54
Free Cash Flow	-15.53	197.54	-157.21	-130.37	-203.13	-62.35
FCF Margin	-20.07%	391.37%	-13358.52%	-254.66%	-182.69%	-171.00%
Free Cash Flow Per Share	-1.01	14.20	-12.41	-10.90	-17.73	-5.57
Levered Free Cash Flow	-62.74	152.46	-115.88	76.39	56.72	4.75
Unlevered Free Cash Flow	-46.53	150.87	-216.81	-166.04	-218.52	-81.15

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

SEC Filings: 10-K · 10-Q