Saratoga Investment Corp. (SAR)

Saratoga Investment Cash Flow Statement

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

Operating Activities

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
Net Income	-4.18	36.6	28.09	8.93	24.68	45.74
Other Amortization	4.96	4.8	5.03	5.17	3.59	2.16
Loss (Gain) From Sale of Investments	33.32	-3.61	20.25	44.72	5.95	-32.46
Other Operating Activities	-188.35	-126.94	142.37	-209.87	-157.83	-229.03
Change in Accounts Receivable	-0.46	0.23	2.85	-2.12	-3.07	-1.2
Change in Accounts Payable	-1.06	0.1	0.34	-0.13	0.67	-0.95
Change in Income Taxes	0.03	-	0.1	0.34	-3.26	2.82
Change in Other Net Operating Assets	0.99	0.78	-1.48	-4.25	-1.1	9.79
Operating Cash Flow	-154.75	-88.03	197.54	-157.21	-130.37	-203.13
Operating Cash Flow Growth	-	-	-	-	-	-

Financing Activities

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
Long-Term Debt Issued	-	236.56	30	149	336.88	385
Long-Term Debt Repaid	-	-291.5	-56.5	-57	-119.13	-155.5
Net Debt Issued (Repaid)	115.06	-54.94	-26.5	92	217.75	229.5
Issuance of Common Stock	1.51	19.32	35.35	49.01	-	26.84
Repurchase of Common Stock	-8.45	-0.05	-	-2.16	-10.82	-2.55
Common Dividends Paid	-46.79	-52.36	-40.75	-32.05	-22.67	-18.16
Other Financing Activities	-11.5	-6.88	-1.43	-5.17	-10.68	-9.54
Financing Cash Flow	49.82	-94.91	-33.32	101.64	173.58	226.09

Net Cash Flow

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
Net Cash Flow	-104.93	-182.94	164.22	-55.57	43.21	22.96

Free Cash Flow

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
Levered Free Cash Flow	104.74	66.14	16.82	34.88	-5.04	30.24
Unlevered Free Cash Flow	132.4	92.15	44.33	60.45	12.3	40.5

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
Cash Interest Paid	44.51	44.51	46.71	44.08	28.9	17.56
Cash Income Tax Paid	2.23	2.23	3.2	2.58	2.77	1.36
Change in Working Capital	-0.5	1.11	1.81	-6.15	-6.76	10.46

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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